QUS
SPDR MSCI USA StrategicFactors ETF
QUS tracks an index of US large- and midcap stocks comprising 3 subindexes: value, quality and minimum volatility. The index uses multiple factors to pick stocks, and each subindex receives equal weight.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
1.5 B
ASSETS UNDER MGMT
15 bp
EXPENSES
Fund Basics
| Fund sponsor | State Street Global Advisors |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Apr 15, 2015 |
| Assets (mns) | $1,454 |
| Expense ratio | 15 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-End Investment Company |
| Distributions | Semi-Annually |
| Taxation | 1099 |
| Stock selection | Multi-Factor |
| Weighting | Tiered |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| APPLE INC | 3.2 % |
| NVIDIA CORP | 2.8 % |
| MICROSOFT CORP | 2.7 % |
| META PLATFORMS INC | 2.3 % |
| UNITEDHEALTH GROUP INC | 2.2 % |
| ELI LILLY & CO | 1.9 % |
| VISA INC. CLASS A | 1.9 % |
| MASTERCARD INCORPORATED CLASS A | 1.7 % |
| JOHNSON & JOHNSON | 1.6 % |
| CISCO SYSTEMS INC | 1.3 % |
Constituent Breakdown
| Number of holdings | 588 |
| Herfindahl-Hirschman Index | 85 |
| Wgt avg mkt cap (mns) | $509,472 |
| Large cap (>$10bn) | 99.2% |
| Mid cap ($2-10bn) | 0.5% |
| Small cap (<$2bn) | 0.1% |
| Developed mkts. | 99.9% |
| Emerging mkts. | 0.1% |
Country Exposure
 |
UNITED STATES | 94.0 % |
 |
IRELAND | 2.0 % |
 |
SWITZERLAND | 0.9 % |
 |
BERMUDA | 0.6 % |
 |
CANADA | 0.5 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 14.6% | 28.8% | 18.8% | 7.6% | 12.6% | -- | 12.2% | Volatility | 10.0% | 10.1% | 12.1% | 15.4% | 19.8% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.90 | 99% |
| MSCI EAFE | 0.79 | 80% |
| MSCI Emg Mkts | 0.59 | 43% |
Liquidity Measures
| Avg. volume (000) | 16 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.06% |
| ADV of underlying (mns) | $343,010 |
Technical Indicators
| Recent close | $160.99 |
| 30d moving avg. | $157.91 |
| Annualized volatility | 15.6% |
| Relative strength (RSI) | 50 |
| Short interest (ETF) | 0.2% |
| Short interest (underlying) | 1.6% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. QUS |
Expenses vs. QUS |
ALTAR Score™ vs. QUS |
|---|---|---|---|---|
| JHML | John Hancock Multifactor Large Cap ETF | 65.0% | +14 bp | -0.4% |
| QWLD | SPDR MSCI World StrategicFactors ETF | 64.1% | +15 bp | +0.2% |
| PBUS | Invesco MSCI USA ETF | 63.1% | -11 bp | -0.8% |
| BBUS | JP Morgan Betabuilders U.S. Equity ETF | 63.0% | -13 bp | -0.7% |
| GSUS | Goldman Sachs MarketBeta U.S. Equity ETF | 62.9% | -8 bp | -0.8% |
| VOTE | TCW Transform 500 ETF | 62.8% | -10 bp | -0.8% |
| ILCB | iShares Morningstar U.S. Equity ETF | 62.7% | -12 bp | -0.8% |
| IVV | iShares Core S&P 500 ETF | 62.5% | -12 bp | -0.7% |
| VOO | Vanguard S&P 500 ETF | 62.5% | -12 bp | -0.7% |
| SPY | SPDR S&P 500 ETF Trust | 62.5% | -6 bp | -0.8% |
Risk and Returns: QUS vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 11/21/2024
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
QUS
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
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™
QUS
5.7%
Cat. Avg
5.4%
ALTAR Score™ Calculation
Category Overview
There are 973 funds in the US Equity category, with an average ALTAR Score™
of 5.4% and a standard deviation of
2.4%. QUS's ALTAR Score™ is approximately
0.1 standard deviations
above
the category average. This places QUS in the 56th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
QUSSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based US Equity ETFs |
| # of ETFs | 609 |
| Avg. Expense Ratio | 46.6 bp |
| Std. Deviation | 32.9 bp |
| QUS (15 bp) Percentile rank | 17 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| QUS | 15.0 | 5.6 | 20.6 |
| Peer Avg. | 29.7 | 13.9 | 43.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .