SPDG
SPDR Portfolio S&P Sector Neutral Dividend ETF
SPDR Portfolio S&P Sector Neutral Dividend ETF seeks to provide investors with investment results that correspond to the total return of publicly traded dividend-paying companies across various sectors, while maintaining a neutral sector weight relative to the S&P 500 Index.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
7.2 M
ASSETS UNDER MGMT
5 bp
EXPENSES
Fund Basics
| Fund sponsor | SPDR |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Sep 11, 2023 |
| Assets (mns) | $7 |
| Expense ratio | 5 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | |
| Taxation | 1099 |
| Stock selection | |
| Weighting | |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| BROADCOM INC. | 10.1 % |
| VERIZON COMMUNICATIONS INC | 7.7 % |
| HOME DEPOT INC | 4.3 % |
| ORACLE CORP | 3.6 % |
| CISCO SYSTEMS INC | 2.9 % |
| QUALCOMM INC | 2.7 % |
| ACCENTURE PLC-CL A | 2.6 % |
| INTL BUSINESS MACHINES CORP | 2.3 % |
| TEXAS INSTRUMENTS INC | 2.3 % |
| MCDONALD'S CORP | 2.3 % |
Constituent Breakdown
| Number of holdings | 269 |
| Herfindahl-Hirschman Index | 275 |
| Wgt avg mkt cap (mns) | $240,099 |
| Large cap (>$10bn) | 95.7% |
| Mid cap ($2-10bn) | 4.3% |
| Small cap (<$2bn) | 0.1% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 94.2 % |
 |
IRELAND | 4.1 % |
Historical Performance
Standardized Performance (as of 09/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 20.2% | -- | -- | -- | -- | -- | 34.4% | Volatility | -- | -- | -- | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.00 | 0% |
| MSCI EAFE | 0.00 | 0% |
| MSCI Emg Mkts | 0.00 | 0% |
Liquidity Measures
| Avg. volume (000) | 2 |
| Turnover | 1.1% |
| Avg. Bid/Ask (% of price) | 0.00% |
| ADV of underlying (mns) | $68,890 |
Technical Indicators
| Recent close | $37.87 |
| 30d moving avg. | $38.13 |
| Annualized volatility | 0.0% |
| Relative strength (RSI) | 0 |
| Short interest (ETF) | 0.0% |
| Short interest (underlying) | 0.0% |
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. SPDG |
Expenses vs. SPDG |
ALTAR Score™ vs. SPDG |
|---|---|---|---|---|
| VYM | Vanguard High Dividend Yield Index ETF | 52.4% | +1 bp | -0.3% |
| DIVB | iShares Core Dividend ETF | 50.6% | 0 bp | +0.3% |
| PFM | Invesco Dividend Achievers ETF | 47.8% | +48 bp | -1.9% |
| DGRO | iShares Core Dividend Growth ETF | 46.5% | +3 bp | -0.9% |
| VTV | Vanguard Value ETF | 46.1% | -1 bp | -0.7% |
| SCHV | Schwab U.S. Large-Cap Value ETF | 44.3% | -1 bp | -0.7% |
| MGV | Vanguard Mega Cap Value ETF | 43.8% | +2 bp | -0.8% |
| DTD | WisdomTree U.S. Total Dividend Fund | 43.7% | +23 bp | -1.2% |
| DLN | WisdomTree U.S. LargeCap Dividend Fund | 43.3% | +23 bp | -1.5% |
| VIG | Vanguard Dividend Appreciation ETF | 42.1% | +1 bp | -1.6% |
Risk and Returns: SPDG 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 10/29/2024
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
SPDG
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
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™
SPDG
7.3%
Cat. Avg
5.6%
ALTAR Score™ Calculation
Category Overview
There are 949 funds in the US Equity category, with an average ALTAR Score™
of 5.6% and a standard deviation of
2.5%. SPDG's ALTAR Score™ is approximately
0.7 standard deviations
above
the category average. This places SPDG in the 75th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
SPDGSELL
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 |
| SPDG (5 bp) Percentile rank | 10 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| SPDG | 5.0 | 0.0 | 5 |
| Peer Avg. | 36.7 | 15.2 | 51.9 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .