Industrial Select Sector SPDR Fund
ALTAR
Score™
5.5% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
36.4x P/Sales
ratio
1.9x
P/BV
ratio
4.3x Div.
yield
1.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Select Sector SPDRŽ holding S&P 500 stocks in the Industrials sector. Component industries include Capital Goods; Commercial Services & Supplies; and Transportation firms. The fund seeks investment results that, before expenses, generally correspond to the price and yield performance of the benchmark index. For product information and a prospectus visit www.sectorspdr.com.

FUND BASICS
Category US Equities
Fund Sponsor State Street Global Advisors
Website www.sectorspdrs.com
Inception date Dec 16, 1998
Assets (mns) $10,307
Currency USD
Expense ratio 13 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian State Street Bank & Trust
Weighting Market Cap
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 74
Wgt avg mkt cap (mns) $55,335
Large cap (>$10bn) 95.3%
Mid cap ($2-10bn) 4.7%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
UNION PACIFIC CORP 5.4 %
HONEYWELL INTERNATIONAL INC 4.9 %
UNITED PARCEL SERVICE-CL B 4.7 %
LOCKHEED MARTIN CORP 4.3 %
BOEING CO 4.0 %
3M CO 4.0 %
RAYTHEON TECHNOLOGIES CORPORATION 3.9 %
CATERPILLAR INC 3.3 %
DEERE & CO 2.6 %
CSX CORP 2.5 %
Total 39.7 %

TOP COUNTRY EXPOSURE
UNITED STATES 93.2 %
IRELAND 4.8 %
BRITAIN 1.9 %








HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru July 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-11.0% -5.8% 8.0% 11.3% 7.1%

Market Correlations
versus... Beta R-squared
S&P500 1.18 88%
MSCI EAFE 1.23 82%
MSCI Emg. Mkts. 0.85 65%

Technical Indicators
Recent close $73.87
30d moving avg. $70.52
Annualized volatility 21.5%
Short interest (ETF) 20.5%
Short interest (Underlying) 3.0%
Relative strength (RSI) 66

Liquidity measures
Avg. volume (thou.) 9,774
Turnover 7.0%
Bid/Ask (% of price) 0.01%
ADV underlying (mns) $23,088

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the Industrial Select Sector SPDR Fund ETF based on the alternatives' overlap in portfolio holdings with XLI. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: XLI Expense: 13 bp ALTAR Score™: 5.5%


ALTERNATIVE ETFs BASED ON OVERLAP WITH XLI
Ticker Fund
Name
Overlap1
vs XLI
(%)
Expense
ratio
(bp)
Savings
vs XLI
(bp)
ALTAR
Score™
(%)
ALTAR
vs XLI
(%)
FIDU Fidelity MSCI Industrials Index ETF 77.1 8 5 5.6 +0.1
VIS Vanguard Industrials Index Fund 75.8 10 3 5.5 -0.0
RGI Invesco S&P 500 Equal Weight Industrials ETF 65.5 40 -27 5.1 -0.4
JHMI John Hancock Multifactor Industrials ETF 60.5 40 -27 5.6 +0.1
IYJ iShares U.S. Industrials ETF 56.4 42 -29 5.6 +0.1
EXI iShares Global Industrials ETF 51.3 46 -33 5.9 +0.4
BIBL Inspire ETF 27.4 35 -22 4.6 -0.9
FXR First Trust Industrials/Producer Durables AlphaDEX Fund 26.0 63 -50 6.2 +0.7
PPA Invesco Aerospace & Defense ETF 25.8 59 -46 5.9 +0.4
XKFF SPDR Kensho Final Frontiers ETF 25.1 45 -32 6.1 +0.6
MAGA Point Bridge GOP Stock Tracker ETF 22.4 72 -59 6.3 +0.8
IYT iShares Transportation Average ETF 21.7 42 -29 4.6 -0.9
ITA iShares U.S. Aerospace & Defense ETF 20.4 42 -29 6.4 +0.9
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF 20.3 25 -12 5.7 +0.2
FTXR First Trust Nasdaq Transportation ETF 19.2 60 -47 5.7 +0.2
XAR SPDR S&P Aerospace & Defense ETF 19.0 35 -22 5.4 -0.1
XTN SPDR S&P Transportation ETF 18.5 35 -22 4.8 -0.7
KNG Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF 17.7 75 -62 5.6 +0.1
NOBL ProShares S&P 500 Dividend Aristocrats ETF 17.7 35 -22 6.0 +0.5
PAVE Global X U.S. Infrastructure Development ETF 17.6 47 -34 5.4 -0.1
DGRW WisdomTree U.S. Quality Dividend Growth Fund 17.1 28 -15 6.3 +0.8
PRN Invesco DWA Industrials Momentum ETF 16.8 60 -47 2.8 -2.7
DSTL Distillate US Fundamental Stability & Value ETF 15.7 39 -26 5.9 +0.4
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 15.0 17 -4 6.3 +0.8
JKG iShares Morningstar Mid-Cap ETF 14.8 25 -12 5.3 -0.3
RSP Invesco S&P 500 Equal Weight ETF 14.7 20 -7 6.5 +1.0
SCHD Schwab U.S. Dividend Equity ETF 13.8 6 7 7.9 +2.4
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF 13.6 30 -17 5.5 -0.0
USDY Pacific Global US Equity Income ETF 13.6 29 -16 7.1 +1.6
KLCD KFA Large Cap Quality Dividend Index ETF 13.5 41 -28 5.1 -0.4
VIG Vanguard Dividend Appreciation Index Fund 13.5 6 7 5.2 -0.3
VSDA VictoryShares Dividend Accelerator ETF 13.3 35 -22 4.8 -0.7
SPLV Invesco S&P 500 Low Volatility ETF 13.2 25 -12 5.5 -0.0
VETS Pacer Military Times Best Employers ETF 13.2 60 -47 6.8 +1.3
PFM Invesco Dividend Achievers ETF 12.9 54 -41 5.3 -0.2
RVRS Reverse Cap Weighted U.S. Large Cap ETF 12.8 29 -16 7.8 +2.3
QVM Arrow QVM Equity Factor ETF 12.8 65 -52 4.9 -0.6
DIA SPDR Dow Jones Industrial Average ETF Trust 12.7 16 -3 5.4 -0.1
PSET Principal Price Setters Index ETF 12.6 29 -16 4.6 -1.0
CCOR Core Alternative ETF 12.5 123 -110 4.3 -1.2
QDIV Global X S&P 500 Quality Dividend ETF 12.4 20 -7 7.5 +2.0
JKF iShares Morningstar Large Cap Value ETF 12.3 25 -12 7.5 +2.0
EDOW First Trust Dow 30 Equal Weight ETF 12.2 50 -37 5.8 +0.3
FTCS First Trust Capital Strength ETF 12.2 58 -45 4.6 -1.0
IWS iShares Russell Mid-Cap Value ETF 12.1 24 -11 7.0 +1.5
FLQL Franklin LibertyQ U.S. Equity ETF 12.1 15 -2 6.0 +0.5
VOT Vanguard Mid-Cap Growth Index Fund 12.0 7 6 3.1 -2.4
BKMC BNY Mellon US Mid Cap Core Equity ETF 12.0 4 9 5.4 -0.1
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 12.0 9 4 5.8 +0.3
SDY SPDR S&P Dividend ETF 11.9 35 -22 6.9 +1.4
EQWL Invesco Russell Top 200 Equal Weight ETF 11.9 25 -12 6.0 +0.5
UFO Procure Space ETF 11.9 171 -158 3.0 -2.5
LEAD Reality Shares DIVCON Leaders Dividend ETF 11.9 43 -30 4.3 -1.2
FVD First Trust Value Line Dividend Index Fund 11.9 70 -57 6.2 +0.7
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 11.7 20 -7 7.4 +1.9
EUSA iShares MSCI USA Equal Weighted ETF 11.5 15 -2 6.0 +0.5
SIZE iShares Edge MSCI USA Size Factor ETF 11.5 15 -2 6.1 +0.6
CFA VictoryShares US 500 Volatility Weighted Index ETF 11.5 35 -22 5.6 +0.1
ONEV SPDR Russell 1000 Low Volatility Focus ETF 11.4 20 -7 6.8 +1.3
REVS Columbia Research Enhanced Value ETF 11.4 19 -6 7.3 +1.8
SCHV Schwab U.S. Large-Cap Value ETF 11.0 4 9 7.1 +1.6
LSAF LeaderShares AlphaFactor US Core Equity ETF 11.0 75 -62 5.7 +0.2
DURA VanEck Vectors Morningstar Durable Dividend ETF 11.0 29 -16 7.0 +1.5
NULV Nuveen ESG Large-Cap Value ETF 11.0 35 -22 7.2 +1.7
RWL Invesco S&P 500 Revenue ETF 10.9 39 -26 7.0 +1.5
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 10.9 17 -4 6.2 +0.7
SPXT ProShares S&P 500 Ex-Technology ETF 10.9 27 -14 5.4 -0.1
RPG Invesco S&P 500 Pure Growth ETF 10.9 35 -22 4.3 -1.2
MGV Vanguard Mega Cap Value ETF 10.8 7 6 7.2 +1.7
INFR Legg Mason Global Infrastructure ETF 10.8 40 -27 6.2 +0.7
FTA First Trust Large Cap Value AlphaDEX Fund 10.7 60 -47 9.2 +3.7
VO Vanguard Mid-Cap Index Fund 10.7 4 9 5.1 -0.4
VONV Vanguard Russell 1000 Value Index Fund 10.7 8 5 6.9 +1.4
DFND Reality Shares DIVCON Dividend Defender ETF 10.7 144 -131 3.3 -2.2
IWD iShares Russell 1000 Value ETF 10.7 19 -6 6.8 +1.3
RNDV US Equity Dividend Select ETF 10.6 50 -37 8.0 +2.5
VTV Vanguard Value Index Fund 10.6 4 9 7.3 +1.8
IWR iShares Russell Midcap ETF 10.5 19 -6 5.5 -0.0
FEX First Trust Large Cap Core AlphaDEX Fund 10.5 60 -47 5.8 +0.3
RNLC Large Cap US Equity Select ETF 10.4 60 -47 6.1 +0.6
ONEO SPDR Russell 1000 Momentum Focus ETF 10.4 20 -7 6.2 +0.7
IUS Invesco Strategic US ETF 10.4 19 -6 6.3 +0.8
JKI iShares Morningstar Mid-Cap Value ETF 10.3 30 -17 8.9 +3.4
DGRO iShares Core Dividend Growth ETF 10.3 8 5 6.5 +1.0
DJD Invesco Dow Jones Industrial Average Dividend ETF 10.3 7 6 6.8 +1.3
PKW Invesco Buyback Achievers ETF 10.2 62 -49 6.6 +1.1
FITE SPDR Kensho Future Security ETF 10.1 45 -32 3.8 -1.7
JKH iShares Morningstar Mid-Cap Growth ETF 10.1 30 -17 2.1 -3.4
LGLV SPDR Russell 1000 Low Volatility ETF 10.1 12 1 5.5 -0.0
PWV Invesco Dynamic Large Cap Value ETF 10.1 55 -42 8.7 +3.2
OUSA O'Shares FTSE US Quality Dividend ETF 10.1 48 -35 5.5 +0.0
MOAT VanEck Vectors Morningstar Wide Moat ETF 10.0 49 -36 6.3 +0.8
LVUS Hartford Multifactor Low Volatility US Equity ETF 10.0 19 -6 6.0 +0.5
IWX iShares Russell Top 200 Value ETF 9.9 20 -7 6.7 +1.2
RBUS Nationwide Risk-Based U.S. Equity ETF 9.9 30 -17 4.6 -0.9
NULC Nuveen ESG Large-Cap ETF 9.9 20 -7 4.8 -0.7
TTFS AdvisorShares Wilshire Buyback ETF 9.7 91 -78 6.0 +0.5
HUSV First Trust Horizon Managed Volatility Domestic ETF 9.7 70 -57 4.6 -0.9
JHML John Hancock Multifactor Large Cap ETF 9.7 29 -16 5.4 -0.1
DEF Invesco Defensive Equity ETF 9.7 55 -42 4.9 -0.6

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2015 2016 2017 2018 2019 2020E 2021E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2019 2020E 2021E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
Industrial Select Sector SPDR Fund
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 22.0 %
Divided by: Fwd. P/BV 3.9 x
Less: Expense ratio 13 bp
Equals: ALTAR Score 5.5 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.57 CATEGORY
AVERAGE
1.52
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.