Consumer Discretionary Select Sector SPDR
ALTAR
Score™
5.8% info Recommen-
dation
NEUTRAL
2019E    2020E
P/E
ratio
21.6x P/Sales
ratio
1.7x
P/BV
ratio
6.2x Div.
yield
1.5%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Select Sector SPDRŽ holding S&P 500 stocks in the Consumer Discretionary sector. Component industries include Autos & Components; Durables & Apparel; Consumer Services and Retailing. 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) $14,136
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 65
Wgt avg mkt cap (mns) $268,944
Large cap (>$10bn) 95.9%
Mid cap ($2-10bn) 4.1%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
AMAZON.COM INC 21.8 %
HOME DEPOT INC 11.3 %
MCDONALD'S CORP 6.4 %
NIKE INC -CL B 5.0 %
STARBUCKS CORP 4.4 %
LOWE'S COS INC 3.9 %
BOOKING HOLDINGS INC. 3.4 %
TJX COMPANIES INC 3.1 %
TARGET CORP 2.5 %
GENERAL MOTORS CO 2.0 %
Total 63.7 %

TOP COUNTRY EXPOSURE
UNITED STATES 98.1 %
IRELAND 1.0 %
SWITZERLAND 0.6 %
BRITAIN 0.2 %







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.
23.3% 16.3% 13.8% 18.0% 8.9%

Market Correlations
versus... Beta R-squared
S&P500 1.11 85%
MSCI EAFE 0.99 57%
MSCI Emg. Mkts. 0.69 45%

Technical Indicators
Recent close $119.49
30d moving avg. $121.30
Annualized volatility 14.6%
Short interest (ETF) 5.8%
Short interest (Underlying) 3.7%
Relative strength (RSI) 51

Liquidity measures
Avg. volume (thou.) 3,053
Turnover 2.6%
Bid/Ask (% of price) 0.01%
ADV underlying (mns) $17,259

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the Consumer Discretionary Select Sector SPDR ETF based on the alternatives' overlap in portfolio holdings with XLY. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: XLY Expense: 13 bp ALTAR Score™: 5.8%


ALTERNATIVE ETFs BASED ON OVERLAP WITH XLY
Ticker Fund
Name
Overlap1
vs XLY
(%)
Expense
ratio
(bp)
Savings
vs XLY
(bp)
ALTAR
Score™
(%)
ALTAR
vs XLY
(%)
FDIS Fidelity MSCI Consumer Discrettionary 80.3 8 5 5.5 -0.3
VCR Vanguard Consumer Discretionary 77.7 10 3 5.6 -0.2
JHMC John Hancock Multifactor Consumer Discretionary 59.6 40 -27 6.0 +0.2
IEDI iShares Evolved U.S. Discretionary Spending 59.0 18 -5 5.0 -0.7
RXI iShares S&P Global Consumer Discretionary 55.6 46 -33 6.9 +1.1
RCD Invesco S&P Equal Weight Consumer Discretionary 51.2 40 -27 8.6 +2.8
IYC iShares DJ US Consumer Services 50.4 42 -29 5.1 -0.7
RTH VanEck Vectors Retail 48.1 35 -22 5.8 +0.0
FXD First Trust Consumer Discretionary 27.9 64 -51 8.2 +2.4
FTXD First Trust Nasdaq Retail 26.4 60 -47 6.5 +0.7
ONLN ProShares Online Retail 23.0 58 -45 2.9 -2.8
MILN Global X Millennials Thematic 22.9 50 -37 3.0 -2.8
SZNE Pacer CFRA-Stovall Equal Weight Seasonal Rotation 22.4 60 -47 6.8 +1.0
IYK iShares US Consumer Goods 18.2 42 -29 6.3 +0.6
XRT SPDR S&P Retail 17.9 35 -22 9.1 +3.3
PEZ Invesco DWA Consumer Discretionary Momentum 17.2 60 -47 5.0 -0.8
MGK Vanguard Mega Cap 300 Growth 16.6 7 6 5.0 -0.8
PKW Invesco Buyback Acheivevers 15.6 62 -49 6.0 +0.3
TMFC Motley Fool 100 Index 15.6 50 -37 4.4 -1.4
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 15.6 75 -62 4.7 -1.1

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

  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

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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:
Consumer Discretionary 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 30.3 %
Divided by: Fwd. P/BV 5.1 x
Less: Expense ratio 13 bp
Equals: ALTAR Score 5.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.41 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.