Utilities Select Sector SPDR Fund
ALTAR
Score™
5.9% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
18.3x P/Sales
ratio
2.5x
P/BV
ratio
2.0x Div.
yield
3.5%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Select Sector SPDRŽ holding S&P 500 stocks in the Utilities sector. 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) $11,614
Currency USD
Expense ratio 13 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 29
Wgt avg mkt cap (mns) $45,924
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
NEXTERA ENERGY GROUP 15.8 %
DOMINION RESOURCES INC/VA 7.6 %
DUKE ENERGY CORP 7.4 %
SOUTHERN CO 7.0 %
AMERICAN ELECTRIC POWER 5.2 %
EXELON CORP 4.5 %
SEMPRA ENERGY 4.4 %
XCEL ENERGY INC 4.2 %
EVERSOURCE ENERGY 3.6 %
WEC ENERGY GROUP INC 3.4 %
Total 63.0 %

TOP COUNTRY EXPOSURE
UNITED STATES 99.8 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-11.2% -2.3% 10.0% 11.1% 6.7%

Market Correlations
versus... Beta R-squared
S&P500 0.42 27%
MSCI EAFE 0.43 24%
MSCI Emg. Mkts. 0.24 11%

Technical Indicators
Recent close $58.37
30d moving avg. $58.46
Annualized volatility 13.9%
Short interest (ETF) 24.9%
Short interest (Underlying) 2.5%
Relative strength (RSI) 45

Liquidity measures
Avg. volume (thou.) 18,132
Turnover 9.1%
Bid/Ask (% of price) 0.02%
ADV underlying (mns) $6,202

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: XLU Expense: 13 bp ALTAR Score™: 5.9%


ALTERNATIVE ETFs BASED ON OVERLAP WITH XLU
Ticker Fund
Name
Overlap1
vs XLU
(%)
Expense
ratio
(bp)
Savings
vs XLU
(bp)
ALTAR
Score™
(%)
ALTAR
vs XLU
(%)
IDU iShares U.S. Utilities ETF 90.5 43 -30 5.6 -0.3
FUTY Fidelity MSCI Utilities Index ETF 87.6 8 5 5.8 -0.1
VPU Vanguard Utilities Index Fund 87.5 10 3 5.8 -0.1
RYU Invesco S&P 500 Equal Weight Utilities ETF 71.6 40 -27 6.2 +0.4
JHMU John Hancock Multifactor Utilities ETF 70.8 40 -27 6.1 +0.2
JXI iShares Global Utilities ETF 58.8 46 -33 5.9 +0.0
FXU First Trust Utilities AlphaDEX Fund 55.2 63 -50 6.3 +0.4
UTES Virtus Reaves Utilities ETF 53.7 49 -36 4.6 -1.2
PUI Invesco DWA Utilities Momentum ETF 48.0 60 -47 4.7 -1.1
ECLN First Trust EIP Carbon Impact ETF 41.0 96 -83 3.7 -2.1
EMLP First Trust North American Energy Infrastructure Fund 32.0 96 -83 5.8 -0.1
GII SPDR S&P Global Infrastructure ETF 28.7 40 -27 5.4 -0.4
IGF iShares Global Infrastructure ETF 28.5 46 -33 5.4 -0.5
NLR VanEck Vectors Uranium+Nuclear Energy ETF 25.6 61 -48 9.0 +3.1
UTRN Vesper U.S. Large Cap Short-Term Reversal Strategy ETF 21.7 75 -62 5.8 -0.0
IFRA iShares U.S. Infrastructure ETF 20.7 40 -27 6.0 +0.2
DVY iShares Select Dividend ETF 20.2 39 -26 9.6 +3.8
TPHD Timothy Plan High Dividend Stock ETF 18.2 52 -39 7.7 +1.8
INFR Legg Mason Global Infrastructure ETF 17.8 40 -27 6.2 +0.4
LVHD Legg Mason Low Volatility High Dividend ETF 16.9 27 -14 8.9 +3.0
LSLT Salt Low truBeta US Market ETF 16.5 29 -16 6.0 +0.1
JDIV JPMorgan U.S. Dividend ETF 14.7 12 1 7.9 +2.0
CDL VictoryShares US Large Cap High Dividend Volatility Wtd Idx 14.5 35 -22 8.6 +2.8
GLIF AGFiQ Global Infrastructure ETF 14.1 45 -32 5.4 -0.5
JMIN JPMorgan U.S. Minimum Volatility ETF 14.0 12 1 5.8 -0.0
SPHD Invesco S&P 500 High Dividend Low Volatility ETF 13.8 30 -17 9.8 +3.9
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 13.8 46 -33 5.5 -0.4
DDIV First Trust Dorsey Wright Momentum & Dividend ETF 13.5 60 -47 5.4 -0.4
VOE Vanguard Mid-Cap Value Index Fund 13.1 7 6 7.9 +2.1
JKI iShares Morningstar Mid-Cap Value ETF 12.8 30 -17 9.2 +3.3
FDL First Trust Morningstar Dividend Leaders Index Fund 12.4 45 -32 10.2 +4.4
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 11.9 47 -34 6.4 +0.6
FVD First Trust Value Line Dividend Index Fund 11.8 70 -57 6.3 +0.5
BIBL Inspire ETF 11.6 35 -22 4.8 -1.0
SPYD SPDR S&P 500 High Dividend ETF 11.4 7 6 10.4 +4.5
CDC VictoryShares US EQ Income Enhanced Volatility Wtd Index ETF 11.4 35 -22 8.6 +2.8
DTN WisdomTree U.S. Dividend ex-Financials Fund 11.1 38 -25 7.9 +2.1
DHS WisdomTree U.S. High Dividend Fund 11.0 38 -25 8.6 +2.8
PEY Invesco High Yield Equity Dividend Achievers ETF 10.8 53 -40 9.1 +3.3
CZA Invesco Zacks Mid-Cap ETF 10.8 76 -63 6.2 +0.4
AMCA iShares Russell 1000 Pure U.S. Revenue ETF 10.2 15 -2 6.8 +1.0
ACSI American Customer Satisfaction Core Alpha ETF 10.2 66 -53 5.7 -0.2
SCIU Global X Scientific Beta US ETF 10.0 19 -6 5.7 -0.1
HDV iShares Core High Dividend ETF 9.7 8 5 6.7 +0.8
SPDV AAM S&P 500 High Dividend Value ETF 9.3 29 -16 10.9 +5.1
SDOG ALPS Sector Dividend Dogs ETF 8.9 40 -27 10.3 +4.4
JPUS JPMorgan Diversified Return U.S. Equity ETF 8.8 18 -5 6.2 +0.3
ESGS Columbia Sustainable U.S. Equity Income ETF 8.8 35 -22 8.5 +2.6
MAGA Point Bridge GOP Stock Tracker ETF 8.8 72 -59 6.5 +0.6
SPVM Invesco S&P 500 Value with Momentum ETF 8.7 39 -26 9.1 +3.2
VYM Vanguard High Dividend Yield Index ETF 8.4 6 7 7.3 +1.4
PWV Invesco Dynamic Large Cap Value ETF 8.3 55 -42 8.8 +2.9
USMV iShares Edge MSCI Min Vol USA ETF 8.1 15 -2 5.5 -0.4
FTA First Trust Large Cap Value AlphaDEX Fund 8.1 60 -47 9.3 +3.4
IWS iShares Russell Mid-Cap Value ETF 8.1 24 -11 7.2 +1.4
KLCD KFA Large Cap Quality Dividend Index ETF 8.0 41 -28 5.3 -0.6
VETS Pacer Military Times Best Employers ETF 7.9 60 -47 6.9 +1.1
SPMO Invesco S&P 500 Momentum ETF 7.8 13 0 4.3 -1.6
SPMV Invesco S&P 500 Minimum Variance ETF 7.8 10 3 5.8 -0.1
DIV Global X SuperDividend US ETF 7.5 46 -33 7.1 +1.3
EQAL Invesco Russell 1000 Equal Weight ETF 7.1 20 -7 5.7 -0.2
ACWV iShares Edge MSCI Min Vol Global ETF 7.1 20 -7 5.6 -0.2
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 7.1 35 -22 5.4 -0.5
ONEV SPDR Russell 1000 Low Volatility Focus ETF 7.1 20 -7 7.0 +1.2
DURA VanEck Vectors Morningstar Durable Dividend ETF 6.8 29 -16 7.2 +1.3
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 6.8 24 -11 6.2 +0.3
VTV Vanguard Value Index Fund 6.7 4 9 7.4 +1.5
VONV Vanguard Russell 1000 Value Index Fund 6.7 8 5 7.2 +1.4
IVE iShares S&P 500 Value ETF 6.7 18 -5 7.2 +1.4
ONEY SPDR Russell 1000 Yield Focus ETF 6.7 20 -7 9.4 +3.5
SPYV SPDR Portfolio S&P 500 Value ETF 6.7 4 9 7.4 +1.5
VOOV Vanguard S&P 500 Value ETF 6.6 15 -2 7.3 +1.4
SYV SPDR MFS Systematic Value Equity ETF 6.5 60 -47 7.4 +1.5
XKCP SPDR Kensho Clean Power ETF 6.4 45 -32 0.3 -5.6
TPLC Timothy Plan US Large Cap Core ETF 6.4 52 -39 5.5 -0.4
CFA VictoryShares US 500 Volatility Weighted Index ETF 6.4 35 -22 5.9 +0.0
IUSV iShares Core S&P U.S. Value ETF 6.3 4 9 7.4 +1.6
RBUS Nationwide Risk-Based U.S. Equity ETF 6.2 30 -17 5.0 -0.9
PFM Invesco Dividend Achievers ETF 6.2 54 -41 5.4 -0.5
FLQL Franklin LibertyQ U.S. Equity ETF 6.1 15 -2 6.2 +0.4
VO Vanguard Mid-Cap Index Fund 5.8 4 9 5.4 -0.5
SCHV Schwab U.S. Large-Cap Value ETF 5.6 4 9 7.1 +1.3
IWD iShares Russell 1000 Value ETF 5.6 19 -6 7.1 +1.3
JKF iShares Morningstar Large Cap Value ETF 5.6 25 -12 7.5 +1.6
DLN WisdomTree U.S. LargeCap Dividend Fund 5.5 28 -15 6.3 +0.5
SPLV Invesco S&P 500 Low Volatility ETF 5.5 25 -12 5.6 -0.3
MGV Vanguard Mega Cap Value ETF 5.5 7 6 7.2 +1.3
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 5.5 9 4 5.8 -0.0
RSP Invesco S&P 500 Equal Weight ETF 5.4 20 -7 6.7 +0.8
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 5.4 17 -4 6.4 +0.5
YLDE ClearBridge Dividend Strategy ESG ETF 5.4 60 -47 4.9 -1.0
GBDV Global Beta Smart Income ETF 5.3 29 -16 8.9 +3.0
DTD WisdomTree U.S.Total Dividend Fund 5.3 28 -15 6.6 +0.7
IWR iShares Russell Midcap ETF 5.2 19 -6 5.6 -0.2
LGLV SPDR Russell 1000 Low Volatility ETF 5.2 12 1 5.7 -0.2
DON WisdomTree U.S. MidCap Dividend Fund 5.2 38 -25 7.7 +1.9
BKMC BNY Mellon US Mid Cap Core Equity ETF 5.1 4 9 5.8 -0.1
FAN First Trust Global Wind Energy ETF 5.1 62 -49 5.9 +0.1
LRGF iShares Edge MSCI Multifactor USA ETF 5.0 20 -7 7.3 +1.4
USDY Pacific Global US Equity Income ETF 5.0 29 -16 7.2 +1.3

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:
Utilities 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 11.7 %
Divided by: Fwd. P/BV 2.0 x
Less: Expense ratio 13 bp
Equals: ALTAR Score 5.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.60 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.