Industrials Select Sector SPDR
ALTAR
Score™
6.1% info Recommen-
dation
NEUTRAL
2019E    2020E
P/E
ratio
18.9x P/Sales
ratio
1.8x
P/BV
ratio
4.5x 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 22, 1998
Assets (mns) $11,093
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 70
Wgt avg mkt cap (mns) $71,276
Large cap (>$10bn) 96.3%
Mid cap ($2-10bn) 3.7%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
BOEING CO 7.7 %
HONEYWELL INTERNATIONAL INC 5.4 %
UNION PACIFIC CORP 5.1 %
UNITED TECHNOLOGIES CORP 5.0 %
GENERAL ELECTRIC CO 4.1 %
3M CO 4.1 %
LOCKHEED MARTIN CORP 3.9 %
UNITED PARCEL SERVICE-CL B 3.6 %
CATERPILLAR INC 3.4 %
RAYTHEON COMPANY 2.5 %
Total 44.7 %

TOP COUNTRY EXPOSURE
UNITED STATES 93.5 %
IRELAND 4.7 %
BRITAIN 1.5 %








HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
23.8% 14.8% 9.5% 14.3% 7.7%

Market Correlations
versus... Beta R-squared
S&P500 1.27 84%
MSCI EAFE 1.10 53%
MSCI Emg. Mkts. 0.74 40%

Technical Indicators
Recent close $81.79
30d moving avg. $78.12
Annualized volatility 16.7%
Short interest (ETF) 21.4%
Short interest (Underlying) 3.0%
Relative strength (RSI) 70

Liquidity measures
Avg. volume (thou.) 9,681
Turnover 7.1%
Bid/Ask (% of price) 0.01%
ADV underlying (mns) $12,613

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the Industrials Select Sector SPDR 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™: 6.1%


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 Industrials 77.1 8 5 6.0 -0.2
VIS Vanguard Industrials 76.3 10 3 6.3 +0.1
RGI Invesco S&P Equal Weight Industrials 62.7 40 -27 6.6 +0.5
IYJ iShares DJ US Industrials 59.5 42 -29 5.4 -0.7
JHMI John Hancock Multifactor Industrials 58.8 40 -27 6.6 +0.5
EXI iShares Global Industrials 51.6 46 -33 6.1 -0.0
PPA Invesco Aero & Defense 31.5 59 -46 5.1 -1.0
FXR First Trust Industrials/Producer Durables 31.5 62 -49 7.0 +0.8
BIBL Inspire 100 27.7 35 -22 5.7 -0.5
ITA iShares U.S. Aerospace & Defense 26.9 42 -29 5.4 -0.7
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation 23.8 60 -47 6.7 +0.5
XKFF SPDR Kensho Final Frontiers 23.4 45 -32 4.9 -1.2
XAR SPDR S&P Aerospace & Defense 22.2 35 -22 5.0 -1.2
MAGA Point Bridge GOP Stock Tracker 21.4 72 -59 6.5 +0.4
IYT iShares Transportation Average 21.1 42 -29 8.6 +2.5
VIG Vanguard Dividend Appreciation 20.9 6 7 5.5 -0.7
XLTY Cushing Transportation & MLP 20.2 65 -52 7.6 +1.5
DIA SPDR Dow Jones Industrial Average 18.9 17 -4 6.1 -0.0
JKD iShares Morningstar Large Companies 18.5 20 -7 5.8 -0.4
FTXR First Trust Nasdaq Transportation 18.3 60 -47 10.1 +4.0

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%.

Content on this tab for subscribers only**

RESULTS & ESTIMATES

  2014 2015 2016 2017 2018 2019E 2020E
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

Content on this tab for subscribers only

VALUATION METRICS
  2018 2019E 2020E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
Industrials Select Sector SPDR
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 24.2 %
Divided by: Fwd. P/BV 3.9 x
Less: Expense ratio 13 bp
Equals: ALTAR Score 6.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.59 CATEGORY
AVERAGE
1.55
 
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.