Consumer Discretionary Select Sector SPDR
ALTAR
Score™
5.2% info Recommen-
dation
UNDERWEIGHT
2018E    2019E
P/E
ratio
21.3x P/Sales
ratio
1.7x
P/BV
ratio
4.1x Div.
yield
1.4%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Select Sector SPDRŽ holding S&P 500 stocks in the Consumer Discretionary sector. Component industries include Autos & Components; Durables & Apparel; Hotels, Restaurants & Leisure; Media; and Retailing. The fund seeks investment results that, before expenses, generally correspond to the price and yield performance of the benchmark index. For product information and a prospectus visit www.sectorspdr.com.

FUND BASICS
Category Sector ETFs
Fund Sponsor State Street Global Advisors
Website www.sectorspdrs.com
Inception date Dec 22, 1998
Assets (mns) $13,307
Currency USD
Expense ratio 13 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-End Investment Co
Custodian State Street Bank & Trust
Weighting Market Cap
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 84
Wgt avg mkt cap (mns) $204,135
Large cap (>$10bn) 96.4%
Mid cap ($2-10bn) 3.6%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
AMAZON.COM INC 19.5 %
HOME DEPOT INC 7.4 %
COMCAST CORP-CL A 6.3 %
WALT DISNEY CO/THE 5.4 %
MCDONALD'S CORP 4.2 %
NETFLIX INC 4.1 %
PRICELINE.COM INC 3.1 %
NIKE INC -CL B 3.0 %
STARBUCKS CORP 2.7 %
LOWE'S COS INC 2.7 %
Total 58.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 99.2 %
HONG KONG 0.3 %
SWITZERLAND 0.2 %
BERMUDA 0.1 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru January 31)
Year-to-date 1 year 5 years 10 years Since Incep.
9.2% 28.7% 18.2% 14.5% 9.0%

Market Correlations
versus... Beta R-squared
S&P500 1.10 82%
MSCI EAFE 0.79 60%
MSCI Emg. Mkts. 0.42 30%

Technical Indicators
Recent close $104.45
30d moving avg. $104.96
Annualized volatility 12.4%
Short interest (ETF) 9.5%
Short interest (Underlying) 3.7%
Relative strength (RSI) 54

Liquidity measures
Avg. volume (thou.) 5,163
Turnover 4.1%
Bid/Ask (% of price) 0.01%
ADV underlying (mns) $18,264

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the Consumer Discretionary Select Sector SPDR ETF based on the alternatives' overlap in portfolio holdings with XLY. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: XLY Expense: 13 bp ALTAR Score™: 5.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH XLY
Ticker Fund
Name
Overlap1
vs XLY
(%)
Expense
ratio
(bp)
Savings
vs XLY
(bp)
ALTAR
Score™
(%)
ALTAR
vs XLY
(%)
FDIS Fidelity Consumer Discrettionary 81.4 8 5 5.3 +0.0
VCR Vanguard Consumer Discretionary ETF 81.2 10 3 5.2 -0.0
IYC iShares DJ US Consumer Services 70.1 44 -31 4.9 -0.3
JHMC John Hancock Multifactor Consumer Discretionary 64.7 50 -37 6.0 +0.7
RXI iShares S&P Global Consumer Discretionary 61.6 48 -35 6.0 +0.8
RCD Guggenheim S&P Equal Weight Consumer Discretionary 50.1 40 -27 6.8 +1.6
CNDF iShares Edge MSCI Multifactor Consumer Discretionary 45.7 35 -22 5.0 -0.3
RTH VanEck Vectors Retail 37.9 35 -22 4.6 -0.6
FXD First Trust Consumer Discretionary 31.1 63 -50 7.5 +2.3
LOGO Global X Iconic U.S. Brands 28.9 48 -35 6.3 +1.1
MILN Global X Millennials Thematic 28.0 50 -37 3.7 -1.5
FTXD First Trust Nasdaq Retail 22.9 60 -47 5.8 +0.5
MGK Vanguard Mega Cap 300 Growth 22.1 7 6 5.0 -0.2
PXLG PowerShares Fundamental Pure Large Growth 22.1 39 -26 4.4 -0.8
JKE iShares Morningstar Large Cap Growth 21.0 25 -12 4.0 -1.2
VUG Vanguard Growth ETF 20.4 6 7 5.0 -0.2
QQQ PowerShares QQQ 19.7 20 -7 5.1 -0.1
QYLD Horizons NASDAQ-100 Covered Call 19.2 60 -47 4.7 -0.6
NULG NuShares ESG Large-Cap Growth 19.0 35 -22 4.4 -0.8
UDBI Legg Mason US Diversified Core 17.9 30 -17 5.6 +0.4

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2013 2014 2015 2016 2017 2018E 2019E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2017 2018E 2019E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
Consumer Discretionary Select Sector SPDR
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores above 3.0% but below 6.0%. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 21.2 %
Divided by: Fwd. P/BV 4.0 x
Less: Expense ratio 13 bp
Equals: ALTAR Score 5.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.42 CATEGORY
AVERAGE
1.54
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.