XHB
SPDR S&P Homebuilders ETF
The SPDR S&P Homebuilders ETF seeks to closely match the returns and characteristics of the S&P Homebuilders Select Industry Index, before expenses.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
2.1 B
ASSETS UNDER MGMT
35 bp
EXPENSES
Fund Basics
| Fund sponsor | State Street Global Advisors |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Jan 31, 2006 |
| Assets (mns) | $2,128 |
| Expense ratio | 35 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Equal |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| OWENS CORNING | 4.0 % |
| JOHNSON CONTROLS INTERNATIONAL PLC | 4.0 % |
| TRANE TECHNOLOGIES PLC | 3.9 % |
| CARLISLE COS INC | 3.7 % |
| HOME DEPOT INC | 3.7 % |
| LOWE'S COS INC | 3.6 % |
| LENNOX INTERNATIONAL INC | 3.6 % |
| TAYLOR MORRISON HOME CORP-A | 3.5 % |
| TOLL BROTHERS INC | 3.5 % |
| ALLEGION PLC | 3.4 % |
Constituent Breakdown
| Number of holdings | 35 |
| Herfindahl-Hirschman Index | 314 |
| Wgt avg mkt cap (mns) | $43,293 |
| Large cap (>$10bn) | 71.3% |
| Mid cap ($2-10bn) | 27.1% |
| Small cap (<$2bn) | 1.7% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 88.7 % |
 |
IRELAND | 11.3 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 19.9% | 60.4% | 41.3% | 14.8% | 21.3% | 14.8% | 6.2% | Volatility | 25.1% | 25.4% | 25.3% | 28.4% | 32.4% | 26.2% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.35 | 58% |
| MSCI EAFE | 1.37 | 62% |
| MSCI Emg Mkts | 1.04 | 35% |
Liquidity Measures
| Avg. volume (000) | 2,051 |
| Turnover | 11.4% |
| Avg. Bid/Ask (% of price) | 0.01% |
| ADV of underlying (mns) | $6,807 |
Technical Indicators
| Recent close | $117.91 |
| 30d moving avg. | $121.27 |
| Annualized volatility | 30.8% |
| Relative strength (RSI) | 46 |
| Short interest (ETF) | 26.1% |
| Short interest (underlying) | 3.9% |
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. XHB |
Expenses vs. XHB |
ALTAR Score™ vs. XHB |
|---|---|---|---|---|
| ITB | iShares U.S. Home Construction ETF | 52.7% | +5 bp | +0.7% |
| PKB | Invesco Building & Construction ETF | 35.7% | +27 bp | -3.8% |
| HOMZ | Hoya Capital Housing ETF | 31.5% | -5 bp | -2.9% |
| PEZ | Invesco Dorsey Wright Consumer Cyclicals Momentum ETF | 29.5% | +25 bp | -3.6% |
| DVLU | First Trust Dorsey Wright Momentum & Value ETF | 21.1% | +25 bp | -1.3% |
| ECML | Euclidean Fundamental Value ETF | 18.3% | +60 bp | +2.2% |
| VFLO | VictoryShares Free Cash Flow ETF | 17.0% | +4 bp | -1.1% |
| BUL | Pacer US Cash Cows Growth ETF | 16.8% | +25 bp | -2.3% |
| SURE | AdvisorShares Insiders Advantage ETF | 16.0% | +55 bp | -0.7% |
| XMHQ | Invesco S&P MidCap Quality ETF | 14.8% | -10 bp | -3.1% |
Risk and Returns: XHB 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
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
XHB
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
SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.
ALTAR Score™
XHB
9.9%
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%. XHB's ALTAR Score™ is approximately
1.9 standard deviations
above
the category average. This places XHB in the 97th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
XHBSELL
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 |
| XHB (35 bp) Percentile rank | 37 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| XHB | 35.0 | 1.4 | 36.4 |
| Peer Avg. | 46.6 | 16.9 | 63.5 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .