SHE
SPDR MSCI USA Gender Diversity ETF
The SPDR SSGA Gender Diversity Index ETF tracks a market cap-weighted index of US large-cap companies with a relatively high proportion of women in executive and director positions.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
261.8 M
ASSETS UNDER MGMT
20 bp
EXPENSES
Fund Basics
| Fund sponsor | SSgA |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Mar 07, 2016 |
| Assets (mns) | $262 |
| Expense ratio | 20 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-End Investment Company |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Principles-based |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| NVIDIA CORP | 4.7 % |
| META PLATFORMS INC | 4.5 % |
| ACCENTURE PLC-CL A | 4.3 % |
| APPLE INC | 4.2 % |
| MICROSOFT CORP | 4.1 % |
| CISCO SYSTEMS INC | 4.0 % |
| INTUIT INC | 3.5 % |
| JPMORGAN CHASE & CO | 2.8 % |
| ELI LILLY & CO | 2.2 % |
| INTEL CORP | 1.9 % |
Constituent Breakdown
| Number of holdings | 239 |
| Herfindahl-Hirschman Index | 184 |
| Wgt avg mkt cap (mns) | $579,018 |
| Large cap (>$10bn) | 99.5% |
| Mid cap ($2-10bn) | 0.4% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 91.7 % |
 |
IRELAND | 5.9 % |
 |
BRITAIN | 1.2 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 20.7% | 36.9% | 20.6% | 3.6% | 10.5% | -- | 10.9% | Volatility | 12.8% | 12.5% | 14.0% | 18.4% | 21.6% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.97 | 91% |
| MSCI EAFE | 0.82 | 68% |
| MSCI Emg Mkts | 0.60 | 35% |
Liquidity Measures
| Avg. volume (000) | 3 |
| Turnover | 0.1% |
| Avg. Bid/Ask (% of price) | 0.05% |
| ADV of underlying (mns) | $175,865 |
Technical Indicators
| Recent close | $117.65 |
| 30d moving avg. | $115.05 |
| Annualized volatility | 17.6% |
| Relative strength (RSI) | 52 |
| Short interest (ETF) | 0.0% |
| Short interest (underlying) | 2.4% |
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. SHE |
Expenses vs. SHE |
ALTAR Score™ vs. SHE |
|---|---|---|---|---|
| WOMN | Impact Shares YWCA Women's Empowerment ETF | 53.7% | +55 bp | -0.3% |
| NACP | Impact Shares NAACP Minority Empowerment ETF | 51.7% | +29 bp | +0.0% |
| USCA | Xtrackers MSCI USA Climate Action Equity ETF | 51.5% | -13 bp | +0.0% |
| USCL | iShares Climate Conscious & Transition MSCI USA ETF | 51.2% | -12 bp | +0.0% |
| JUST | Goldman Sachs JUST U.S. Large Cap Equity ETF | 49.5% | 0 bp | -0.1% |
| ESG | FlexShares Trust FlexShares STOXX US ESG Select Index Fund | 49.4% | +12 bp | -0.1% |
| QVML | Invesco S&P 500 QVM Multi-factor ETF | 49.1% | -9 bp | -0.1% |
| GSUS | Goldman Sachs MarketBeta U.S. Equity ETF | 48.4% | -13 bp | 0.0% |
| SNPE | Xtrackers S&P 500 ESG ETF | 48.3% | -10 bp | +0.2% |
| EPS | WisdomTree U.S. LargeCap Fund | 48.3% | -12 bp | +0.9% |
Risk and Returns: SHE 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 11/15/2024
Peer Group Comparison Sample data. Subscribe for access.
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
SHE
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™
SHE
5.0%
Cat. Avg
5.5%
ALTAR Score™ Calculation
Category Overview
There are 973 funds in the US Equity category, with an average ALTAR Score™
of 5.5% and a standard deviation of
2.4%. SHE's ALTAR Score™ is approximately
0.2 standard deviations
below
the category average. This places SHE in the 42nd percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
SHESELL
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 |
| SHE (20 bp) Percentile rank | 21 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| SHE | 20.0 | 4.6 | 24.6 |
| Peer Avg. | 35.7 | 15.0 | 50.7 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .