Utilities Select Sector SPDR Fund
ALTAR
Score™
6.3% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
16.6x P/Sales
ratio
2.3x
P/BV
ratio
1.9x Div.
yield
3.9%


  • 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 22, 1998
Assets (mns) $9,857
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) $45,677
Large cap (>$10bn) 94.5%
Mid cap ($2-10bn) 5.5%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
NEXTERA ENERGY GROUP 15.4 %
DOMINION RESOURCES INC/VA 7.8 %
DUKE ENERGY CORP 7.7 %
SOUTHERN CO 7.4 %
AMERICAN ELECTRIC POWER 5.2 %
EXELON CORP 4.7 %
XCEL ENERGY INC 4.2 %
SEMPRA ENERGY 3.9 %
WEC ENERGY GROUP INC 3.7 %
CONSOLIDATED EDISON INC 3.4 %
Total 63.1 %

TOP COUNTRY EXPOSURE
UNITED STATES 99.8 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-13.5% -1.7% 8.1% 10.4% 6.6%

Market Correlations
versus... Beta R-squared
S&P500 0.47 28%
MSCI EAFE 0.47 27%
MSCI Emg. Mkts. 0.29 15%

Technical Indicators
Recent close $53.71
30d moving avg. $59.77
Annualized volatility 13.6%
Short interest (ETF) 17.3%
Short interest (Underlying) 2.5%
Relative strength (RSI) 39

Liquidity measures
Avg. volume (thou.) 37,230
Turnover 20.3%
Bid/Ask (% of price) 0.04%
ADV underlying (mns) $7,172

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™: 6.3%


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 89.8 43 -30 6.1 -0.3
FUTY Fidelity MSCI Utilities Index ETF 87.1 8 5 6.3 -0.0
VPU Vanguard Utilities Index Fund 84.1 10 3 6.2 -0.1
RYU Invesco S&P 500 Equal Weight Utilities ETF 73.5 40 -27 6.5 +0.2
JHMU John Hancock Multifactor Utilities ETF 70.9 40 -27 6.6 +0.2
JXI iShares Global Utilities ETF 61.3 46 -33 6.6 +0.3
UTES Virtus Reaves Utilities ETF 52.6 49 -36 5.4 -0.9
FXU First Trust Utilities AlphaDEX Fund 42.7 63 -50 6.5 +0.2
PUI Invesco DWA Utilities Momentum ETF 40.7 60 -47 5.1 -1.2
ECLN First Trust EIP Carbon Impact ETF 39.2 95 -82 4.4 -2.0
GII SPDR S&P Global Infrastructure ETF 36.1 40 -27 6.7 +0.3
IGF iShares Global Infrastructure ETF 35.9 46 -33 6.7 +0.4
EMLP First Trust North American Energy Infrastructure Fund 31.3 95 -82 7.4 +1.0
DVOL First Trust Dorsey Wright Momentum & Low Volatility ETF 29.3 60 -47 6.3 -0.1
SPLV Invesco S&P 500 Low Volatility ETF 28.4 25 -12 6.7 +0.3
LVHD Legg Mason Low Volatility High Dividend ETF 27.6 27 -14 8.6 +2.3
NLR VanEck Vectors Uranium+Nuclear Energy ETF 26.7 60 -47 10.4 +4.0
DVY iShares Select Dividend ETF 26.0 39 -26 10.9 +4.5
IFRA iShares U.S. Infrastructure ETF 23.0 40 -27 7.6 +1.3
TPHD Timothy Plan High Dividend Stock ETF 22.6 52 -39 9.4 +3.1
INFR Legg Mason Global Infrastructure ETF 19.5 40 -27 7.1 +0.8
PEY Invesco High Yield Equity Dividend Achievers ETF 17.8 53 -40 9.8 +3.5
CDL Victory CEMP US Large Cap High Dividend Volatility Wtd Idx E 16.3 35 -22 11.3 +5.0
JDIV JPMorgan U.S. Dividend ETF 16.3 12 1 10.7 +4.4
DDIV First Trust Dorsey Wright Momentum & Dividend ETF 16.2 60 -47 9.6 +3.3
JKI iShares Morningstar Mid-Cap Value ETF 15.8 30 -17 13.5 +7.2
RBUS Nationwide Risk-Based U.S. Equity ETF 15.7 30 -17 7.2 +0.8
SCIU Global X Scientific Beta US ETF 15.6 19 -6 7.6 +1.3
VOE Vanguard Mid-Cap Value Index Fund 15.3 7 6 10.8 +4.5
LSLT Salt Low truBeta US Market ETF 15.1 0 13 8.5 +2.2
JMIN JPMorgan U.S. Minimum Volatility ETF 15.1 12 1 7.2 +0.8
GLIF AGFiQ Global Infrastructure ETF 15.0 45 -32 6.1 -0.2
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 14.8 46 -33 6.6 +0.3
SPHD Invesco S&P 500 High Dividend Low Volatility ETF 14.7 30 -17 11.9 +5.6
ACSI American Customer Satisfaction Core Alpha ETF 13.0 66 -53 7.4 +1.0
RDIV Invesco S&P Ultra Dividend Revenue ETF 12.7 39 -26 15.1 +8.8
MTUM iShares Edge MSCI USA Momentum Factor ETF 12.5 15 -2 5.7 -0.6
BIBL Inspire ETF 12.5 35 -22 6.2 -0.1
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 12.3 47 -34 7.8 +1.5
IWS iShares Russell Mid-Cap Value ETF 12.0 24 -11 10.0 +3.7
FVD First Trust Value Line Dividend Index Fund 12.0 70 -57 8.0 +1.7
PMOM Principal Sustainable Momentum Index ETF 11.8 29 -16 7.2 +0.8
DHS WisdomTree U.S. High Dividend Fund 11.5 38 -25 10.5 +4.1
AMCA iShares Russell 1000 Pure U.S. Revenue ETF 11.3 15 -2 8.9 +2.6
DTN WisdomTree U.S. Dividend ex-Financials Fund 11.2 38 -25 10.2 +3.9
FTA First Trust Large Cap Value AlphaDEX Fund 11.1 60 -47 12.1 +5.8
XKCP SPDR Kensho Clean Power ETF 10.5 45 -32 -14.9 -21.2
DWEQ AdvisorShares Dorsey Wright Alpha Equal Weight ETF 10.3 99 -86 4.5 -1.9
SPYD SPDR S&P 500 High Dividend ETF 10.3 7 6 14.3 +8.0
JPUS JPMorgan Diversified Return U.S. Equity ETF 9.9 19 -6 8.3 +2.0
TPLC Timothy Plan US Large Cap Core ETF 9.9 52 -39 7.3 +1.0
ESGS Columbia Sustainable U.S. Equity Income ETF 9.9 35 -22 12.1 +5.8
SPDV AAM S&P 500 High Dividend Value ETF 9.7 29 -16 14.5 +8.2
DIV Global X SuperDividend US ETF 9.4 45 -32 15.1 +8.7
GBDV Global Beta Smart Income ETF 9.3 29 -16 16.2 +9.8
AUSF Global X Adaptive U.S. Factor ETF 9.3 27 -14 10.5 +4.1
SPMO Invesco S&P 500 Momentum ETF 9.2 13 0 5.3 -1.1
USMV iShares Edge MSCI Min Vol USA ETF 9.2 15 -2 6.8 +0.5
SDOG ALPS Sector Dividend Dogs ETF 9.1 40 -27 13.9 +7.5
VETS Pacer Military Times Best Employers ETF 9.1 60 -47 8.5 +2.2
PWV Invesco Dynamic Large Cap Value ETF 8.9 55 -42 10.6 +4.2
KLCD KFA Large Cap Quality Dividend Index ETF 8.9 41 -28 6.6 +0.3
SPMV Invesco S&P 500 Minimum Variance ETF 8.8 10 3 7.3 +1.0
HDV iShares Core High Dividend ETF 8.7 8 5 8.1 +1.8
MXDU Nationwide Maximum Diversification US Core Equity ETF 8.4 34 -21 6.8 +0.5
VYM Vanguard High Dividend Yield Index ETF 8.3 6 7 8.9 +2.6
MAGA Point Bridge GOP Stock Tracker ETF 8.3 72 -59 9.4 +3.1
FDL First Trust Morningstar Dividend Leaders Index Fund 8.2 45 -32 10.9 +4.6
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 8.2 24 -11 8.3 +2.0
LRGF iShares Edge MSCI Multifactor USA ETF 8.2 20 -7 9.0 +2.7
ACWV iShares Edge MSCI Min Vol Global ETF 8.0 20 -7 6.7 +0.4
ONEV SPDR Russell 1000 Low Volatility Focus ETF 7.5 20 -7 9.5 +3.2
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 7.5 17 -4 9.0 +2.6
RFDA RiverFront Dynamic US Dividend Advantage ETF 7.4 52 -39 7.9 +1.5
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 7.4 35 -22 7.6 +1.3
CFA Victory CEMP US 500 Volatility Weighted Index ETF 7.3 35 -22 8.1 +1.7
IWD iShares Russell 1000 Value ETF 7.3 19 -6 9.1 +2.8
SPYV SPDR Portfolio S&P 500 Value ETF 7.1 4 9 9.2 +2.9
IVE iShares S&P 500 Value ETF 7.1 18 -5 9.1 +2.7
DURA VanEck Vectors Morningstar Durable Dividend ETF 7.1 29 -16 8.4 +2.1
SYV SPDR MFS Systematic Value Equity ETF 7.0 60 -47 9.8 +3.5
PFM Invesco Dividend Achievers ETF 7.0 54 -41 6.4 +0.1
VO Vanguard Mid-Cap Index Fund 7.0 4 9 7.7 +1.3
EQAL Invesco Russell 1000 Equal Weight ETF 6.9 20 -7 7.6 +1.3
VONV Vanguard Russell 1000 Value Index Fund 6.9 8 5 9.3 +2.9
JKF iShares Morningstar Large Cap Value ETF 6.8 25 -12 9.5 +3.2
VTV Vanguard Value Index Fund 6.8 4 9 9.1 +2.8
DYNF BlackRock U.S. Equity Factor Rotation ETF 6.8 30 -17 8.1 +1.7
IWR iShares Russell Midcap ETF 6.8 19 -6 8.0 +1.6
FLQL Franklin LibertyQ U.S. Equity ETF 6.7 15 -2 8.0 +1.7
FCTR First Trust Lunt U.S. Factor Rotation ETF 6.7 65 -52 4.4 -1.9
IUSV iShares Core S&P U.S. Value ETF 6.7 4 9 9.4 +3.0
FEX First Trust Large Cap Core AlphaDEX Fund 6.6 60 -47 8.1 +1.7
VOOV Vanguard S&P 500 Value ETF 6.6 15 -2 9.2 +2.8
DEF Invesco Defensive Equity ETF 6.5 55 -42 6.4 +0.0
VALQ American Century STOXX U.S. Quality Value ETF 6.4 29 -16 11.5 +5.2
RSP Invesco S&P 500 Equal Weight ETF 6.2 20 -7 8.8 +2.4
FAN First Trust Global Wind Energy ETF 6.1 60 -47 7.9 +1.6
SCHV Schwab U.S. Large-Cap Value ETF 6.1 4 9 9.0 +2.6
DLN WisdomTree U.S. LargeCap Dividend Fund 6.0 28 -15 8.0 +1.7

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:

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 11.8 %
Divided by: Fwd. P/BV 1.8 x
Less: Expense ratio 13 bp
Equals: ALTAR Score 6.3 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.61 CATEGORY
AVERAGE
1.51
 
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.