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
251.6 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) | $252 |
| 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 +
| APPLE INC | 5.0 % |
| META PLATFORMS INC | 4.8 % |
| MICROSOFT CORP | 4.7 % |
| ACCENTURE PLC-CL A | 4.4 % |
| CISCO SYSTEMS INC | 4.2 % |
| NVIDIA CORP | 4.1 % |
| INTUIT INC | 3.5 % |
| JPMORGAN CHASE & CO | 2.7 % |
| ELI LILLY & CO | 2.4 % |
| NETFLIX INC | 2.0 % |
Constituent Breakdown
| Number of holdings | 239 |
| Herfindahl-Hirschman Index | 185 |
| Wgt avg mkt cap (mns) | $564,942 |
| 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 | 91.4 % |
 |
IRELAND | 6.2 % |
 |
BRITAIN | 1.1 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 28.6% | 34.5% | 22.3% | 8.3% | 11.2% | -- | 11.6% | Volatility | 12.8% | 12.5% | 14.0% | 18.4% | 21.6% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.96 | 95% |
| MSCI EAFE | 0.80 | 64% |
| MSCI Emg Mkts | 0.55 | 30% |
Liquidity Measures
| Avg. volume (000) | 5 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.05% |
| ADV of underlying (mns) | $128,888 |
Technical Indicators
| Recent close | $115.67 |
| 30d moving avg. | $119.73 |
| Annualized volatility | 17.4% |
| 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)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. SHE |
Expenses vs. SHE |
ALTAR Score™ vs. SHE |
|---|---|---|---|---|
| USCL | iShares Climate Conscious & Transition MSCI USA ETF | 51.9% | -12 bp | -0.1% |
| WOMN | Impact Shares YWCA Women's Empowerment ETF | 51.9% | +55 bp | -0.3% |
| USCA | Xtrackers MSCI USA Climate Action Equity ETF | 50.9% | -13 bp | -0.1% |
| ESG | FlexShares Trust FlexShares STOXX US ESG Select Index Fund | 49.4% | +12 bp | -0.3% |
| QUS | SPDR MSCI USA StrategicFactors ETF | 49.3% | -5 bp | +0.9% |
| JUST | Goldman Sachs JUST U.S. Large Cap Equity ETF | 49.0% | 0 bp | -0.2% |
| NACP | Impact Shares NAACP Minority Empowerment ETF | 48.8% | +29 bp | -0.1% |
| MODL | VictoryShares WestEnd U.S. Sector ETF | 48.5% | +22 bp | -0.3% |
| QVML | Invesco S&P 500 QVM Multi-factor ETF | 48.5% | -9 bp | -0.2% |
| EPS | WisdomTree U.S. LargeCap Fund | 48.5% | -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 12/18/2024
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
5.1%
Cat. Avg
5.7%
ALTAR Score™ Calculation
Category Overview
There are 977 funds in the US Equity category, with an average ALTAR Score™
of 5.7% and a standard deviation of
2.6%. 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. | 37.3 | 15.0 | 52.3 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .