SPDR S&P Transportation ETF
ALTAR
Score™
5.7% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
-15.1x P/Sales
ratio
0.8x
P/BV
ratio
1.8x Div.
yield
1.1%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
SPDR S&P Transportation 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 Transportation Select Industry Index.

FUND BASICS
Category Global Equities
Fund Sponsor SSGA Funds Management Inc
Website www.spdrs.com
Inception date Jan 26, 2011
Assets (mns) $179
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 43
Wgt avg mkt cap (mns) $15,351
Large cap (>$10bn) 34.1%
Mid cap ($2-10bn) 35.6%
Small cap (<$2bn) 30.3%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
FEDEX CORP 3.0 %
ATLAS AIR WORLDWIDE HOLDINGS 2.9 %
UNITED PARCEL SERVICE-CL B 2.9 %
OLD DOMINION FREIGHT LINE 2.8 %
SCHNEIDER NATIONAL, INC. CLASS B 2.8 %
KNIGHT-SWIFT TRANSPORTATION HOLDIN 2.8 %
SAIA INC 2.8 %
WERNER ENTERPRISES INC 2.7 %
LANDSTAR SYSTEM INC 2.7 %
EXPEDITORS INTL WASH INC 2.7 %
Total 28.2 %

TOP COUNTRY EXPOSURE
UNITED STATES 100.0 %










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.
-17.3% -12.7% 2.8% -- 9.1%

Market Correlations
versus... Beta R-squared
S&P500 1.38 86%
MSCI EAFE 1.38 74%
MSCI Emg. Mkts. 0.97 57%

Technical Indicators
Recent close $52.73
30d moving avg. $53.23
Annualized volatility 25.4%
Short interest (ETF) 0.9%
Short interest (Underlying) 6.4%
Relative strength (RSI) 56

Liquidity measures
Avg. volume (thou.) 71
Turnover 2.1%
Bid/Ask (% of price) 0.13%
ADV underlying (mns) $11,447

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: XTN Expense: 35 bp ALTAR Score™: 5.7%


ALTERNATIVE ETFs BASED ON OVERLAP WITH XTN
Ticker Fund
Name
Overlap1
vs XTN
(%)
Expense
ratio
(bp)
Savings
vs XTN
(bp)
ALTAR
Score™
(%)
ALTAR
vs XTN
(%)
IYT iShares Transportation Average ETF 45.2 42 -7 5.3 -0.4
FTXR First Trust Nasdaq Transportation ETF 42.3 60 -25 6.4 +0.7
JETS US Global Jets ETF 23.3 60 -25 4.5 -1.2
RGI Invesco S&P 500 Equal Weight Industrials ETF 20.3 40 -5 5.7 -0.0
VIS Vanguard Industrials Index Fund 18.0 10 25 5.9 +0.2
XLI Industrial Select Sector SPDR Fund 17.8 13 22 5.9 +0.2
JHMI John Hancock Multifactor Industrials ETF 17.2 40 -5 6.1 +0.3
FIDU Fidelity MSCI Industrials Index ETF 16.3 8 27 6.0 +0.3
PSCI Invesco S&P SmallCap Industrials ETF 13.3 29 6 6.7 +0.9
GURU Global X Guru Index ETF 12.4 75 -40 3.9 -1.9
FXR First Trust Industrials/Producer Durables AlphaDEX Fund 12.3 63 -28 7.1 +1.4
IYJ iShares U.S. Industrials ETF 11.5 42 -7 5.9 +0.2
EXI iShares Global Industrials ETF 10.8 46 -11 6.2 +0.5
PAVE Global X U.S. Infrastructure Development ETF 10.3 47 -12 5.8 +0.1
ACSI American Customer Satisfaction Core Alpha ETF 10.2 66 -31 5.8 +0.1
INFR Legg Mason Global Infrastructure ETF 8.5 40 -5 6.1 +0.4
SPYB SPDR S&P 500 Buyback ETF 7.0 0 35 0.0 -5.7
SLT Salt TruBeta High Exposure ETF 6.6 29 6 9.5 +3.8
VETS Pacer Military Times Best Employers ETF 6.3 60 -25 7.0 +1.2
XKST SPDR Kensho Smart Mobility ETF 6.1 45 -10 5.3 -0.4
PKW Invesco Buyback Achievers ETF 6.1 62 -27 6.9 +1.1
AVUV Avantis U.S. Small Cap Value ETF 6.0 25 10 9.5 +3.7
RZV Invesco S&P Smallcap 600 Pure Value ETF 5.8 35 0 10.2 +4.5
FXD First Trust Consumer Discretionary AlphaDEX Fund 5.7 64 -29 7.9 +2.1
SPGP Invesco S&P 500 GARP ETF 5.6 35 0 7.3 +1.5
DVLU First Trust Dorsey Wright Momentum & Value ETF 5.4 60 -25 5.9 +0.2
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF 5.3 25 10 6.0 +0.3
RYJ Invesco Raymond James SB-1 Equity ETF 5.3 82 -47 3.5 -2.2
BIBL Inspire ETF 5.1 35 0 4.9 -0.8
RFV Invesco S&P Midcap 400 Pure Value ETF 5.1 35 0 10.8 +5.0
MAGA Point Bridge GOP Stock Tracker ETF 5.0 72 -37 6.6 +0.9
GIGE SoFi Gig Economy ETF 4.9 59 -24 -0.5 -6.2
DGRW WisdomTree U.S. Quality Dividend Growth Fund 4.8 28 7 6.5 +0.8
PRN Invesco DWA Industrials Momentum ETF 4.8 60 -25 4.8 -0.9
LRGE ClearBridge Large Cap Growth ESG ETF 4.7 59 -24 3.8 -1.9
QVAL Alpha Architect U.S. Quantitative Value ETF 4.7 49 -14 12.4 +6.7
IPO Renaissance IPO ETF 4.7 60 -25 23.9 +18.1
AWAY ETFMG Travel Tech ETF 4.7 75 -40 -2.0 -7.7
FNK First Trust Mid Cap Value AlphaDEX Fund 4.7 70 -35 10.4 +4.7
IBUY Amplify Online Retail ETF 4.6 65 -30 -1.5 -7.3
AMCA iShares Russell 1000 Pure U.S. Revenue ETF 4.4 15 20 6.9 +1.2
CALF Pacer US Small Cap Cash Cows 100 ETF 4.3 59 -24 13.4 +7.7
PEY Invesco High Yield Equity Dividend Achievers ETF 4.2 53 -18 9.2 +3.4
PVAL Principal Contrarian Value Index ETF 4.2 29 6 10.2 +4.4
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 4.2 29 6 9.9 +4.2
BUY USCF SummerHaven SHPEI Index Fund 4.1 80 -45 10.4 +4.7
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 4.1 47 -12 6.5 +0.8
RWK Invesco S&P MidCap 400 Revenue ETF 4.0 39 -4 8.2 +2.5
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 4.0 60 -25 8.6 +2.9
FAB First Trust Multi Cap Value AlphaDEX Fund 3.9 71 -36 9.7 +3.9
YLDE ClearBridge Dividend Strategy ESG ETF 3.9 60 -25 5.0 -0.7
QSY WisdomTree U.S. LargeCap Value Fund 3.9 38 -3 6.9 +1.2
GBDV Global Beta Smart Income ETF 3.9 29 6 8.8 +3.1
FLV American Century Focused Large Cap Value ETF 3.9 42 -7 6.8 +1.1
PMOM Principal Sustainable Momentum Index ETF 3.9 29 6 9.1 +3.4
FTA First Trust Large Cap Value AlphaDEX Fund 3.8 60 -25 9.3 +3.6
TPLC Timothy Plan US Large Cap Core ETF 3.8 52 -17 5.5 -0.2
XSVM Invesco S&P SmallCap Value with Momentum ETF 3.8 39 -4 11.8 +6.1
ECOZ TrueMark ESG Active Opportunities ETF 3.8 58 -23 4.4 -1.4
SYLD Cambria Shareholder Yield ETF 3.7 59 -24 9.0 +3.3
USMF WisdomTree U.S. Multifactor Fund 3.7 28 7 5.5 -0.3
FLQL Franklin LibertyQ U.S. Equity ETF 3.7 15 20 6.3 +0.6
ONEY SPDR Russell 1000 Yield Focus ETF 3.6 20 15 9.4 +3.7
SPDV AAM S&P 500 High Dividend Value ETF 3.6 29 6 11.0 +5.3
TPHD Timothy Plan High Dividend Stock ETF 3.6 52 -17 7.7 +2.0
MILN Global X Millennials Thematic ETF 3.6 50 -15 2.5 -3.3
NUMV Nuveen ESG Mid-Cap Value ETF 3.6 40 -5 7.8 +2.1
PLCY EventShares U.S. Legislative Opportunities ETF 3.6 75 -40 3.7 -2.0
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF 3.6 30 5 6.0 +0.2
XSLV Invesco S&P SmallCap Low Volatility ETF 3.6 25 10 6.0 +0.3
VAMO Cambria Value & Momentum ETF 3.5 64 -29 7.7 +2.0
ONEV SPDR Russell 1000 Low Volatility Focus ETF 3.4 20 15 7.1 +1.4
AVUS Avantis U.S. Equity ETF 3.4 15 20 5.8 +0.1
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 3.3 20 15 7.7 +2.0
PFM Invesco Dividend Achievers ETF 3.3 54 -19 5.5 -0.2
DSTL Distillate US Fundamental Stability & Value ETF 3.3 39 -4 6.6 +0.8
FYT First Trust Small Cap Value AlphaDEX Fund 3.3 72 -37 9.7 +3.9
EQWL Invesco Russell Top 200 Equal Weight ETF 3.3 25 10 6.2 +0.4
USDY Pacific Global US Equity Income ETF 3.3 29 6 7.3 +1.6
EES WisdomTree SmallCap Earnings Fund 3.3 38 -3 11.8 +6.1
SPLV Invesco S&P 500 Low Volatility ETF 3.3 25 10 5.7 +0.0
FCTR First Trust Lunt U.S. Factor Rotation ETF 3.2 65 -30 3.4 -2.4
VIG Vanguard Dividend Appreciation Index Fund 3.2 6 29 5.5 -0.3
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 3.2 17 18 6.6 +0.8
JKG iShares Morningstar Mid-Cap ETF 3.2 25 10 5.6 -0.2
LSAF LeaderShares AlphaFactor US Core Equity ETF 3.2 75 -40 7.4 +1.7
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 3.1 29 6 6.8 +1.1
GDVD Principal Active Global Dividend Income ETF 3.1 58 -23 5.1 -0.6
BVAL Brand Value ETF 3.1 65 -30 6.2 +0.4
RWL Invesco S&P 500 Revenue ETF 3.1 39 -4 7.3 +1.6
DGRS WisdomTree US SmallCap Quality Dividend Growth Fund 3.1 38 -3 9.2 +3.4
VUSE Vident Core US Equity Fund 3.1 48 -13 8.4 +2.7
LSLT Salt Low truBeta US Market ETF 3.1 29 6 6.1 +0.4
RVRS Reverse Cap Weighted U.S. Large Cap ETF 3.1 29 6 8.3 +2.5
DEF Invesco Defensive Equity ETF 3.1 55 -20 5.1 -0.6
VEGN US Vegan Climate ETF 3.0 60 -25 5.2 -0.5
IFRA iShares U.S. Infrastructure ETF 3.0 40 -5 6.1 +0.3
RWJ Invesco S&P SmallCap 600 Revenue ETF 3.0 39 -4 7.8 +2.1
EZM WisdomTree U.S. MidCap Earnings Fund 3.0 38 -3 9.3 +3.6
RSP Invesco S&P 500 Equal Weight ETF 3.0 20 15 6.8 +1.0

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 Transportation ETF
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 10.7 %
Divided by: Fwd. P/BV 1.8 x
Less: Expense ratio 35 bp
Equals: ALTAR Score 5.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.62 CATEGORY
AVERAGE
1.50
 
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.