SPDR S&P Telecom ETF
ALTAR
Score™
4.4% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
30.2x P/Sales
ratio
1.2x
P/BV
ratio
1.8x Div.
yield
1.5%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
SPDR S&P Telecom ETF is an exchange-traded fund incorporated in the USA. The Fund's objective is to replicate as closely as possible the performance of the S&P Telecom Select Industry Index.

FUND BASICS
Category US Equities
Fund Sponsor SSGA Funds Management Inc
Website www.spdrs.com
Inception date Jan 26, 2011
Assets (mns) $50
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 45
Wgt avg mkt cap (mns) $26,417
Large cap (>$10bn) 26.7%
Mid cap ($2-10bn) 43.6%
Small cap (<$2bn) 29.7%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
BANDWIDTH INC. CLASS A 3.7 %
INFINERA CORP 3.6 %
GCI LIBERTY, INC. CLASS A 3.6 %
NOVATEL WIRELESS INC 3.3 %
MOTOROLA SOLUTIONS 3.3 %
IRIDIUM COMMUNICATIONS INC. 3.3 %
T-MOBILE US, INC. 3.2 %
CENTURYTEL INC 3.2 %
VERIZON COMMUNICATIONS INC 3.1 %
VONAGE HOLDINGS CORP. 3.1 %
Total 33.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.5 %
BRITAIN 2.9 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru August 31)
Year-to-date 1 year 5 years 10 years Since Incep.
6.9% 12.3% 7.6% -- 5.6%

Market Correlations
versus... Beta R-squared
S&P500 0.88 71%
MSCI EAFE 0.80 49%
MSCI Emg. Mkts. 0.63 47%

Technical Indicators
Recent close $69.18
30d moving avg. $74.12
Annualized volatility 18.4%
Short interest (ETF) 1.9%
Short interest (Underlying) 6.2%
Relative strength (RSI) 27

Liquidity measures
Avg. volume (thou.) 3
Turnover 0.4%
Bid/Ask (% of price) 0.19%
ADV underlying (mns) $1,136

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: XTL Expense: 35 bp ALTAR Score™: 4.4%


ALTERNATIVE ETFs BASED ON OVERLAP WITH XTL
Ticker Fund
Name
Overlap1
vs XTL
(%)
Expense
ratio
(bp)
Savings
vs XTL
(bp)
ALTAR
Score™
(%)
ALTAR
vs XTL
(%)
IGN iShares North American Tech-Multimedia Networking ETF 51.3 46 -11 6.1 +1.7
IYZ iShares U.S. Telecommunications ETF 46.2 42 -7 7.6 +3.2
PXQ Invesco Dynamic Networking ETF 20.9 63 -28 3.9 -0.5
FIVG Defiance Next Gen Connectivity ETF 18.8 30 5 5.0 +0.6
JHCS John Hancock Multifactor Media & Communications ETF 13.7 40 -5 5.3 +1.0
EWCO Invesco S&P 500 Equal Weight Communication Services ETF 12.4 40 -5 7.0 +2.6
FCOM Fidelity MSCI Telecommunication Services Index ETF 12.3 8 27 5.0 +0.6
VOX Vanguard Telecommunication Services Index Fund 12.3 10 25 4.8 +0.5
PSCU Invesco S&P SmallCap Utilities ETF 11.8 29 6 3.1 -1.3
TDIV First Trust NASDAQ Technology Dividend Index Fund 11.6 50 -15 6.9 +2.6
UFO Procure Space ETF 10.4 171 -136 3.0 -1.4
XLC The Communication Services Select Sector SPDR Fund 10.3 13 22 5.7 +1.3
PWC Invesco Dynamic Market ETF 10.1 58 -23 5.8 +1.4
WFH Direxion Work From Home ETF 9.9 45 -10 5.7 +1.3
DHS WisdomTree U.S. High Dividend Fund 8.9 38 -3 8.6 +4.2
HDV iShares Core High Dividend ETF 8.6 8 27 6.8 +2.4
PWV Invesco Dynamic Large Cap Value ETF 8.5 56 -21 8.1 +3.7
JKF iShares Morningstar Large Cap Value ETF 8.5 25 10 7.5 +3.1
NXTG First Trust Indxx NextG ETF 8.4 70 -35 6.0 +1.6
FDN First Trust Dow Jones Internet Index Fund 8.1 52 -17 2.2 -2.2
IXP iShares Global Comm Services ETF 7.9 46 -11 5.7 +1.4
SKYY First Trust Cloud Computing ETF 7.9 60 -25 2.3 -2.1
DEW WisdomTree Global High Dividend Fund 7.8 58 -23 9.4 +5.0
CIBR First Trust NASDAQ CEA Cybersecurity ETF 7.7 60 -25 3.4 -1.0
ACSI American Customer Satisfaction Core Alpha ETF 7.7 66 -31 5.9 +1.5
VEGN US Vegan Climate ETF 7.6 60 -25 5.7 +1.3
SPHD Invesco S&P 500 High Dividend Low Volatility ETF 7.4 30 5 9.2 +4.8
SPQQ Siren Large Cap Blend Index ETF 7.4 20 15 5.2 +0.8
FMK First Trust Mega Cap AlphaDEX Fund 7.3 70 -35 4.9 +0.6
FITE SPDR Kensho Future Security ETF 7.2 45 -10 4.0 -0.4
AMCA iShares Russell 1000 Pure U.S. Revenue ETF 7.0 15 20 6.6 +2.3
HACK ETFMG Prime Cyber Security ETF 6.9 60 -25 3.2 -1.2
IWX iShares Russell Top 200 Value ETF 6.9 20 15 6.7 +2.3
RAFE PIMCO RAFI ESG U.S. ETF 6.8 29 6 7.5 +3.1
PSCT Invesco S&P SmallCap Information Technology ETF 6.8 29 6 6.1 +1.8
QDEF FlexShares Quality Dividend Defensive Index Fund 6.8 37 -2 6.8 +2.5
OUSA O'Shares FTSE US Quality Dividend ETF 6.8 48 -13 6.4 +2.1
HUSV First Trust Horizon Managed Volatility Domestic ETF 6.7 70 -35 5.0 +0.6
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 6.7 12 23 5.0 +0.7
VOOV Vanguard S&P 500 Value ETF 6.6 10 25 7.2 +2.8
DLN WisdomTree U.S. LargeCap Dividend Fund 6.5 28 7 6.9 +2.5
IVE iShares S&P 500 Value ETF 6.5 18 17 7.1 +2.7
SPYV SPDR Portfolio S&P 500 Value ETF 6.5 4 31 7.2 +2.9
VYM Vanguard High Dividend Yield Index ETF 6.4 6 29 7.3 +3.0
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 6.4 47 -12 6.3 +2.0
WLDR Affinity World Leaders Equity ETF 6.3 47 -12 9.5 +5.2
DEF Invesco Defensive Equity ETF 6.3 55 -20 5.2 +0.9
RYT Invesco S&P 500 Equal Weight Technology ETF 6.2 40 -5 7.0 +2.6
IUSV iShares Core S&P U.S. Value ETF 6.2 4 31 7.3 +2.9
REVS Columbia Research Enhanced Value ETF 6.1 19 16 7.3 +3.0
VFMV Vanguard U.S. Minimum Volatility ETF 6.1 13 22 4.4 +0.0
MGV Vanguard Mega Cap Value ETF 6.1 7 28 7.1 +2.7
WBIY WBI Power Factor High Dividend ETF 6.0 70 -35 10.8 +6.4
DTN WisdomTree U.S. Dividend ex-Financials Fund 5.9 38 -3 7.8 +3.4
DTD WisdomTree U.S.Total Dividend Fund 5.9 28 7 7.0 +2.7
FDL First Trust Morningstar Dividend Leaders Index Fund 5.9 45 -10 10.0 +5.6
DURA VanEck Vectors Morningstar Durable Dividend ETF 5.9 29 6 6.9 +2.5
FTHI First Trust High Income ETF 5.9 85 -50 5.5 +1.2
STLV iShares Factors US Value Style ETF 5.8 25 10 7.1 +2.7
QLV FlexShares US Quality Low Volatility Index Fund 5.8 22 13 5.4 +1.0
SDOG ALPS Sector Dividend Dogs ETF 5.8 40 -5 10.0 +5.7
DJD Invesco Dow Jones Industrial Average Dividend ETF 5.7 7 28 6.8 +2.4
EDOW First Trust Dow 30 Equal Weight ETF 5.7 50 -15 5.9 +1.5
FTLB First Trust Hedged BuyWrite Income ETF 5.7 85 -50 5.5 +1.1
ROUS Hartford Multifactor US Equity ETF 5.7 19 16 6.4 +2.1
VSMV VictoryShares US Multi-Factor Minimum Volatility ETF 5.7 35 0 6.9 +2.6
NULV Nuveen ESG Large-Cap Value ETF 5.6 35 0 7.1 +2.7
VALQ American Century STOXX U.S. Quality Value ETF 5.6 29 6 8.9 +4.6
USMV iShares Edge MSCI Min Vol USA ETF 5.5 15 20 5.5 +1.1
DIV Global X SuperDividend US ETF 5.5 46 -11 5.9 +1.5
QDF FlexShares Quality Dividend Index Fund 5.4 37 -2 6.8 +2.5
QDYN FlexShares Quality Dividend Dynamic Index Fund 5.4 37 -2 6.9 +2.5
SPDV AAM S&P 500 High Dividend Value ETF 5.4 29 6 9.8 +5.5
SCHV Schwab U.S. Large-Cap Value ETF 5.4 4 31 7.0 +2.6
TDV ProShares S&P Technology Dividend Aristocrats ETF 5.3 45 -10 5.3 +0.9
GBDV Global Beta Smart Income ETF 5.3 29 6 8.3 +3.9
JHMT John Hancock Multifactor Technology ETF 5.2 40 -5 6.1 +1.7
COWZ Pacer US Cash Cows 100 ETF 5.2 49 -14 10.3 +6.0
VTV Vanguard Value Index Fund 5.2 4 31 7.2 +2.8
BUL Pacer US Cash Cows Growth ETF 5.2 60 -25 7.2 +2.8
IWD iShares Russell 1000 Value ETF 5.1 19 16 6.8 +2.4
VONV Vanguard Russell 1000 Value Index Fund 5.0 8 27 6.9 +2.5
RFDA RiverFront Dynamic US Dividend Advantage ETF 5.0 52 -17 5.5 +1.2
LVUS Hartford Multifactor Low Volatility US Equity ETF 5.0 19 16 5.8 +1.4
AUSF Global X Adaptive U.S. Factor ETF 5.0 27 8 9.1 +4.7
CDL VictoryShares US Large Cap High Dividend Volatility Wtd Idx 5.0 35 0 8.3 +4.0
VUSE Vident Core US Equity Fund 4.9 48 -13 8.8 +4.4
SPMV Invesco S&P 500 Minimum Variance ETF 4.8 10 25 5.8 +1.5
PRF Invesco FTSE RAFI US 1000 ETF 4.8 39 -4 7.1 +2.7
FDLO Fidelity Low Volatility Factor ETF 4.8 29 6 5.1 +0.7
LSLT Salt Low truBeta US Market ETF 4.8 29 6 5.9 +1.6
IUS Invesco Strategic US ETF 4.7 19 16 6.9 +2.5
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF 4.7 25 10 5.8 +1.4
DGRO iShares Core Dividend Growth ETF 4.6 8 27 6.8 +2.5
NACP Impact Shares NAACP Minority Empowerment ETF 4.6 75 -40 5.6 +1.2
FNDX Schwab Fundamental U.S. Large Co. Index ETF 4.5 25 10 7.2 +2.8
DVY iShares Select Dividend ETF 4.4 39 -4 9.3 +5.0
PFM Invesco Dividend Achievers ETF 4.4 53 -18 5.3 +0.9
ALTL Pacer Lunt Large Cap Alternator ETF 4.3 60 -25 5.1 +0.7
SPLV Invesco S&P 500 Low Volatility ETF 4.3 25 10 5.5 +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

  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 S&P Telecom 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 8.2 %
Divided by: Fwd. P/BV 1.7 x
Less: Expense ratio 35 bp
Equals: ALTAR Score 4.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.55 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.