LGLV
SPDR SSGA US Large Cap Low Volatility Index ETF
SPDR Russell 1000 Low Volatility ETF is an exchange-traded fund incorporated in the USA. The Fund seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Russell 1000 Low Volatility Index.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
12 bp
EXPENSES
$703.7 M
ASSETS UNDER MGMT
Fund Basics
Fund sponsor | SSgA Funds Management Inc |
Category | US |
Asset class | Equity |
Website | link... |
Inception date | Feb 20, 2013 |
Assets (mns) | $704 |
Expense ratio | 12 bp |
Currency | USD |
Sector Breakdown
Fund Structure
Regulation | Open-Ended Fund |
Distributions | Quarterly |
Taxation | 1099 |
Stock selection | Technical |
Weighting | Technical |
Holdings Transparency | Full |
Derivatives-based | No |
Options available | Yes |
Currency hedged | No |
Fund of funds | No |
Top 10 Holdings
Complete list +
COLGATE-PALMOLIVE CO | 1.4 % |
PEPSICO INC | 1.4 % |
LINDE PLC | 1.2 % |
WAL-MART STORES INC | 1.2 % |
GENERAL MILLS INC | 1.2 % |
DUKE ENERGY CORP | 1.1 % |
PROCTER & GAMBLE CO/THE | 1.1 % |
REPUBLIC SERVICES INC | 1.1 % |
JOHNSON & JOHNSON | 1.1 % |
XCEL ENERGY INC | 1.1 % |
Constituent Breakdown
Number of holdings | 162 |
Herfindahl-Hirschman Index | 72 |
Wgt avg mkt cap (mns) | $137,651 |
Large cap (>$10bn) | 92.3% |
Mid cap ($2-10bn) | 7.3% |
Small cap (<$2bn) | 0.4% |
Developed mkts. | 100.0% |
Emerging mkts. | 0.0% |
Country Exposure
UNITED STATES | 93.0 % | |
BRITAIN | 2.5 % | |
IRELAND | 2.3 % | |
SWITZERLAND | 1.4 % | |
ISRAEL | 0.6 % |
Historical Performance
Standardized Performance (as of 06/30/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
---|---|---|---|---|---|---|---|
Total Returns | 6.2% | 11.5% | 10.5% | 6.9% | 9.5% | 11.0% | 11.8% | Volatility | 8.7% | 9.5% | 13.5% | 13.7% | 19.8% | 16.5% | -- |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 0.78 | 85% |
MSCI EAFE | 0.75 | 73% |
MSCI Emg Mkts | 0.48 | 31% |
Liquidity Measures
Avg. volume (000) | 25 |
Turnover | 0.6% |
Avg. Bid/Ask (% of price) | 0.06% |
ADV of underlying (mns) | $119,978 |
Technical Indicators
Recent close | $156.72 |
30d moving avg. | $154.16 |
Annualized volatility | 15.2% |
Relative strength (RSI) | 52 |
Short interest (ETF) | 0.2% |
Short interest (underlying) | 1.6% |
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. LGLV |
Expenses vs. LGLV |
ALTAR Score™ vs. LGLV |
---|---|---|---|---|
FDLO | Fidelity Low Volatility Factor ETF | 45.6% | +3 bp | -0.2% |
SPLV | Invesco S&P 500 Low Volatility ETF | 45.4% | +13 bp | -0.2% |
ALTL | Pacer Lunt Large Cap Alternator ETF | 45.4% | +48 bp | -0.6% |
XRLV | Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF | 44.8% | +13 bp | -0.1% |
USMV | iShares MSCI USA Min Vol Factor ETF | 42.6% | +3 bp | +0.3% |
FVD | First Trust Value Line Dividend Index Fund | 37.0% | +53 bp | +0.6% |
INCE | Franklin Income Equity Focus ETF | 34.9% | +17 bp | +0.2% |
QLV | FlexShares US Quality Low Volatility Index Fund | 34.6% | +10 bp | -1.6% |
QUS | SPDR MSCI USA StrategicFactors ETF | 33.7% | +3 bp | +0.4% |
ESMV | iShares ESG MSCI USA Min Vol Factor ETF | 33.4% | +6 bp | +0.3% |
Risk and Returns: LGLV 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 7/25/2024
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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
LGLV
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 Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
LGLV
5.6%
Cat. Avg
5.7%
Fund Category: US
Avg. Return on Equity | --% |
Divided by: Fwd. P/BV | --x |
Less: Expenses | -- bp |
Equals: ALTAR Score™ | 5.6% |
Recommendation
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.
Category Overview
There are 899 funds in the US category, with an average ALTAR Score™
of 5.7% and a standard deviation of
2.4%. LGLV's ALTAR Score™ is approximately
0.1 standard deviations
below
the category average. This places LGLV in the 47th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
LGLV
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Expense Analysis
Peer Group | Rules-Based US Equity ETFs |
# of ETFs | 609 |
Avg. Expense Ratio | 46.6 bp |
Std. Deviation | 32.9 bp |
LGLV (12 bp) Percentile rank | 15 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
---|---|---|---|
LGLV | 12.0 | 5.8 | 17.8 |
Peer Avg. | 29.1 | 14.0 | 43.1 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .