SPDR S&P Transportation
ALTAR
Score™
8.3% info Recommen-
dation
OVERWEIGHT
2019E    2020E
P/E
ratio
14.6x P/Sales
ratio
0.7x
P/BV
ratio
2.0x Div.
yield
1.6%


  • 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 27, 2011
Assets (mns) $133
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) $17,893
Large cap (>$10bn) 40.0%
Mid cap ($2-10bn) 46.1%
Small cap (<$2bn) 14.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
KANSAS CITY SOUTHERN 2.9 %
JETBLUE AIRWAYS CORP 2.8 %
ALLEGIANT TRAVEL CO 2.8 %
XPO LOGISTICS INC 2.8 %
OLD DOMINION FREIGHT LINE 2.8 %
HERTZ GLOBAL HOLDINGS, INC. 2.7 %
AVIS BUDGET GROUP INC 2.7 %
MACQUARIE INFRASTRUCTURE CO 2.7 %
HAWAIIAN HOLDINGS INC 2.7 %
WERNER ENTERPRISES INC 2.7 %
Total 27.6 %

TOP COUNTRY EXPOSURE
UNITED STATES 99.9 %










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.
17.9% 6.7% -7.9% -- 3.3%

Market Correlations
versus... Beta R-squared
S&P500 1.51 74%
MSCI EAFE 1.10 33%
MSCI Emg. Mkts. 0.75 25%

Technical Indicators
Recent close $64.36
30d moving avg. $63.34
Annualized volatility 21.2%
Short interest (ETF) 0.6%
Short interest (Underlying) 6.4%
Relative strength (RSI) 72

Liquidity measures
Avg. volume (thou.) 10
Turnover 0.5%
Bid/Ask (% of price) 0.13%
ADV underlying (mns) $4,067

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the SPDR S&P Transportation 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™: 8.3%


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 45.3 42 -7 8.7 +0.4
FTXR First Trust Nasdaq Transportation 42.4 60 -25 10.2 +2.0
XLTY Cushing Transportation & MLP 37.5 65 -30 7.8 -0.5
JETS US Global Jets 26.6 60 -25 16.5 +8.2
FXR First Trust Industrials/Producer Durables 24.7 62 -27 6.9 -1.3
RGI Invesco S&P Equal Weight Industrials 19.4 40 -5 6.6 -1.7
JHMI John Hancock Multifactor Industrials 18.5 40 -5 6.6 -1.7
XLI Industrials Select Sector SPDR 17.1 13 22 6.1 -2.1
VIS Vanguard Industrials 16.9 10 25 6.3 -2.0
FIDU Fidelity Industrials 14.5 8 27 5.9 -2.3
PSCI Invesco S&P Small Cap Industrials 13.1 29 6 6.7 -1.6
PEJ Invesco Dynamic Leisure & Entertainment 12.7 63 -28 6.2 -2.1
PAVE Global X U.S. Infrastructure Development 12.0 47 -12 5.8 -2.5
EQRR ProShares Equities for Rising Rates 11.2 35 0 8.2 -0.1
IYJ iShares DJ US Industrials 11.2 42 -7 5.4 -2.9
EXI iShares Global Industrials 10.7 46 -11 6.1 -2.2
ACSI American Customer Satisfaction Core Alpha 10.0 66 -31 7.8 -0.5
QGRO American Century STOXX U.S. Quality Growth 9.4 29 6 4.7 -3.5
FLAG Forensic Accounting 9.2 152 -117 8.8 +0.5
FOVL iShares Focused Value Factor 7.5 25 10 9.1 +0.8

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

  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:
SPDR S&P Transportation
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 15.2 %
Divided by: Fwd. P/BV 1.8 x
Less: Expense ratio 35 bp
Equals: ALTAR Score 8.3 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.65 CATEGORY
AVERAGE
1.54
 
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.