SPDR NYSE Technology ETF
ALTAR
Score™
3.7% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
33.5x P/Sales
ratio
5.1x
P/BV
ratio
7.2x Div.
yield
0.8%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The SPDR NYSE Technology ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the NYSE Technology Index.

FUND BASICS
Category US Equities
Fund Sponsor SSGA Funds Management Inc
Website www.spdrs.com
Inception date Sep 25, 2000
Assets (mns) $410
Currency USD
Expense ratio 35 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 36
Wgt avg mkt cap (mns) $307,547
Large cap (>$10bn) 100.0%
Mid cap ($2-10bn) 0.0%
Small cap (<$2bn) 0.0%
Developed mkts 89.1%
Emerging mkts 10.9%

TOP TEN HOLDINGS
TESLA MOTORS INC 6.8 %
SHOPIFY, INC. CLASS A 5.6 %
JD.COM INC-ADR 4.0 %
NVIDIA CORP 3.9 %
AMAZON.COM INC 3.6 %
NETFLIX INC 3.5 %
SERVICENOW INC 3.4 %
ADOBE SYSTEMS INC 3.1 %
APPLE INC 3.0 %
MICROSOFT CORP 3.0 %
Total 39.8 %

TOP COUNTRY EXPOSURE
UNITED STATES 78.3 %
CHINA 8.9 %
CANADA 5.6 %
NETHERLANDS 5.0 %
TAIWAN 2.3 %






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.
22.1% 37.7% 21.6% 18.5% 5.7%

Market Correlations
versus... Beta R-squared
S&P500 1.12 81%
MSCI EAFE 1.07 65%
MSCI Emg. Mkts. 0.83 62%

Technical Indicators
Recent close $101.94
30d moving avg. $95.27
Annualized volatility 21.1%
Short interest (ETF) 0.3%
Short interest (Underlying) 4.0%
Relative strength (RSI) 65

Liquidity measures
Avg. volume (thou.) 23
Turnover 0.6%
Bid/Ask (% of price) 0.05%
ADV underlying (mns) $107,771

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: XNTK Expense: 35 bp ALTAR Score™: 3.7%


ALTERNATIVE ETFs BASED ON OVERLAP WITH XNTK
Ticker Fund
Name
Overlap1
vs XNTK
(%)
Expense
ratio
(bp)
Savings
vs XNTK
(bp)
ALTAR
Score™
(%)
ALTAR
vs XNTK
(%)
AIQ Global X Future Analytics Tech ETF 49.8 68 -33 3.9 +0.3
QTEC First Trust NASDAQ-100 Technology Sector Index Fund 48.5 57 -22 5.0 +1.3
TECB iShares US Tech Breakthrough Multisector ETF 43.0 40 -5 4.0 +0.3
IGM iShares Expanded Tech Sector ETF 40.9 46 -11 3.8 +0.1
GDAT Goldman Sachs Motif Data-Driven World Etf 40.1 50 -15 5.0 +1.3
IYW iShares U.S. Technology ETF 39.3 42 -7 4.0 +0.4
QYLD Global X NASDAQ 100 Covered Call ETF 37.2 60 -25 3.5 -0.2
NUSI Nationwide Risk-Managed Income ETF 37.1 68 -33 3.5 -0.2
QQQ Invesco QQQ Trust 36.7 20 15 3.9 +0.2
JHMT John Hancock Multifactor Technology ETF 36.6 40 -5 5.0 +1.3
DRIV Global X Autonomous & Electric Vehicles ETF 34.5 68 -33 5.6 +1.9
IETC iShares Evolved U.S. Technology ETF 34.4 18 17 3.8 +0.1
JKE iShares Morningstar Large-Cap Growth ETF 34.1 25 10 2.9 -0.8
XLK Technology Select Sector SPDR Fund 33.4 13 22 4.8 +1.1
KOIN Innovation Shares NextGen Protocol ETF 33.2 95 -60 4.4 +0.7
SMH VanEck Vectors Semiconductor ETF 32.7 35 0 5.6 +1.9
SOXX iShares PHLX Semiconductor ETF 32.7 46 -11 5.4 +1.7
GVIP Goldman Sachs Hedge Industry VIP ETF 32.7 45 -10 4.7 +1.0
MTUM iShares Edge MSCI USA Momentum Factor ETF 31.4 15 20 4.2 +0.5
FTEC Fidelity MSCI Information Technology Index ETF 31.1 8 27 4.6 +0.9
VGT Vanguard Information Technology Index Fund 30.9 10 25 4.6 +0.9
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 30.1 12 23 4.9 +1.2
TDV ProShares S&P Technology Dividend Aristocrats ETF 30.0 45 -10 4.8 +1.1
SKYY First Trust Cloud Computing ETF 29.9 60 -25 2.2 -1.5
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 29.7 21 14 3.0 -0.7
VEGN US Vegan Climate ETF 29.6 60 -25 5.2 +1.5
TDIV First Trust NASDAQ Technology Dividend Index Fund 29.5 50 -15 5.9 +2.2
IWY iShares Russell Top 200 Growth ETF 29.3 20 15 4.2 +0.5
PNQI Invesco NASDAQ Internet ETF 28.9 62 -27 1.1 -2.6
IXN iShares Global Tech ETF 28.8 46 -11 4.5 +0.8
MGK Vanguard Mega Cap Growth ETF 28.2 7 28 4.2 +0.5
THNQ ROBO Global Artificial Intelligence ETF 28.1 68 -33 1.9 -1.8
SYG SPDR MFS Systematic Growth Equity ETF 28.0 60 -25 4.3 +0.6
PWB Invesco Dynamic Large Cap Growth ETF 28.0 55 -20 3.4 -0.3
XOUT GraniteShares XOUT U.S. Large Cap ETF 27.8 60 -25 4.4 +0.8
RYT Invesco S&P 500 Equal Weight Technology ETF 27.5 40 -5 6.7 +3.1
FMK First Trust Mega Cap AlphaDEX Fund 27.0 70 -35 5.2 +1.6
IWF iShares Russell 1000 Growth ETF 27.0 19 16 4.2 +0.5
VONG Vanguard Russell 1000 Growth Index Fund 26.8 8 27 4.3 +0.6
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund 26.7 59 -24 4.2 +0.5
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares 26.7 35 0 4.4 +0.7
VOOG Vanguard S&P 500 Growth ETF 26.5 10 25 4.3 +0.6
IVW iShares S&P 500 Growth ETF 26.5 18 17 4.2 +0.5
SPYG SPDR Portfolio S&P 500 Growth ETF 26.5 4 31 4.4 +0.7
VUG Vanguard Growth Index Fund 26.1 4 31 4.1 +0.4
XLG Invesco S&P 500 Top 50 ETF 26.1 20 15 4.5 +0.8
TTTN UP Fintech China-U.S. Internet Titans ETF 25.9 59 -24 4.3 +0.6
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 25.9 49 -14 4.1 +0.4
IUSG iShares Core S&P US Growth ETF 25.9 4 31 4.4 +0.7
IWL iShares Russell Top 200 ETF 25.5 15 20 5.1 +1.4
SPHQ Invesco S&P 500 Quality ETF 25.5 15 20 4.7 +1.0
BKLC BNY Mellon US Large Cap Core Equity ETF 25.5 0 35 5.3 +1.6
ECOZ TrueMark ESG Active Opportunities ETF 25.5 58 -23 4.4 +0.7
LRGE ClearBridge Large Cap Growth ESG ETF 25.3 59 -24 3.8 +0.1
NULG Nuveen ESG Large-Cap Growth ETF 25.0 35 0 3.6 -0.1
MGC Vanguard Mega Cap Index Fund 25.0 7 28 5.3 +1.6
OEF iShares S&P 100 ETF 25.0 20 15 4.8 +1.1
SPXV ProShares S&P 500 Ex-Health Care ETF 24.8 27 8 5.1 +1.4
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 24.8 75 -40 3.8 +0.1
AMOM Qraft AI-Enhanced U.S. Large Cap Momentum ETF 24.7 75 -40 2.1 -1.6
OGIG O'Shares Global Internet Giants ETF 24.7 48 -13 0.7 -3.0
ESG FlexShares STOXX US ESG Impact Index Fund 24.7 32 3 5.1 +1.4
SPXN ProShares S&P 500 Ex-Financials ETF 24.5 27 8 5.0 +1.3
LEGR First Trust Index Digital Transaction & Process Technology E 24.5 65 -30 7.3 +3.6
SCHG Schwab U.S. Large-Cap Growth ETF 24.1 4 31 4.2 +0.5
IQSU IQ Candriam ESG US Equity ETF 24.1 9 26 5.1 +1.4
EXT WisdomTree U.S. Total Earnings Fund 23.9 28 7 5.3 +1.6
TMFC Motley Fool 100 Index ETF 23.8 50 -15 3.8 +0.1
ENTR Entrepreneur 30 Fund 23.7 49 -14 2.6 -1.1
BLCN Reality Shares Nasdaq NextGen Economy ETF 23.7 68 -33 4.2 +0.5
FFTY Innovator IBD 50 ETF 23.7 80 -45 3.5 -0.2
QLC FlexShares US Quality Large Cap Index Fund 23.6 32 3 5.4 +1.7
SFY SoFi Select 500 ETF 23.4 0 35 5.3 +1.6
ESGV Vanguard ESG U.S. Stock ETF 23.4 12 23 5.2 +1.5
IDRV iShares Self-driving EV & Tech ETF 23.4 47 -12 7.2 +3.5
PSI Invesco Dynamic Semiconductors ETF 23.2 58 -23 4.9 +1.2
CACG ClearBridge All Cap Growth ETF 23.1 54 -19 4.4 +0.7
SPXE ProShares S&P 500 Ex-Energy ETF 23.0 27 8 5.4 +1.7
ESGU iShares MSCI USA ESG Optimized ETF 23.0 15 20 5.2 +1.5
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 22.9 20 15 5.4 +1.7
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 22.9 7 28 5.3 +1.6
IGV iShares North American Tech-Software ETF 22.8 46 -11 2.4 -1.3
RFDA RiverFront Dynamic US Dividend Advantage ETF 22.8 52 -17 5.1 +1.4
PBP Invesco S&P 500 BuyWrite ETF 22.8 49 -14 5.0 +1.4
BBUS JP Morgan Betabuilders U.S. Equity ETF 22.7 2 33 5.4 +1.7
QTUM Defiance Quantum ETF 22.7 40 -5 5.8 +2.1
VV Vanguard Large-Cap Index Fund 22.7 4 31 5.3 +1.6
CATH Global X S&P 500 Catholic Values Custom ETF 22.7 29 6 5.3 +1.6
SPY SPDR S&P 500 ETF Trust 22.6 9 26 5.4 +1.7
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 22.6 20 15 5.0 +1.3
IVV iShares Core S&P 500 ETF 22.6 4 31 5.5 +1.8
PBUS Invesco PureBeta MSCI USA ETF 22.6 4 31 5.3 +1.6
SPLG SPDR Portfolio Large Cap ETF 22.6 3 32 5.5 +1.8
VOO VANGUARD S&P 500 ETF 22.6 3 32 5.5 +1.8
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 22.5 15 20 6.3 +2.6
KRMA Global X Conscious Companies ETF 22.5 43 -8 5.3 +1.6
HSPX Global X S&P 500 Covered Call ETF 22.5 65 -30 4.9 +1.2
SCHX Schwab U.S. Large-Cap ETF 22.4 3 32 5.3 +1.7
SNPE Xtrackers S&P 500 ESG ETF 22.4 11 24 5.2 +1.5
QUAL iShares MSCI Usa Quality Factor ETF 22.3 15 20 5.4 +1.8

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:
SPDR NYSE Technology ETF
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 26.2 %
Divided by: Fwd. P/BV 6.5 x
Less: Expense ratio 35 bp
Equals: ALTAR Score 3.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.45 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.