SIMS
SPDR S&P Kensho Intelligent Structures ETF
SIMS tracks an index designed to capture companies whose products and services are driving innovation behind intelligent infrastructure, which includes the areas of smart building infrastructure, smart power grids, intelligent transportation infrastructure, and intelligent water infrastructure.
Fund Basics
| Fund sponsor | SSGA |
| Category | Global Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Dec 26, 2017 |
| Assets (mns) | $17 |
| Expense ratio | 45 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Tiered |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| ACUITY BRANDS INC | 3.5 % |
| ITRON INC | 3.4 % |
| PARSONS CORPORATION | 3.2 % |
| XYLEM INC | 3.2 % |
| PENTAIR PLC | 3.1 % |
| BADGER METER INC | 3.1 % |
| JOHNSON CONTROLS INTERNATIONAL PLC | 3.1 % |
| ALARM.COM HOLDINGS INC | 3.0 % |
| TETRA TECH INC | 3.0 % |
| RESIDEO TECHNOLOGIES, INC. | 3.0 % |
Constituent Breakdown
| Number of holdings | 48 |
| Herfindahl-Hirschman Index | 232 |
| Wgt avg mkt cap (mns) | $23,753 |
| Large cap (>$10bn) | 44.5% |
| Mid cap ($2-10bn) | 39.6% |
| Small cap (<$2bn) | 16.0% |
| Developed mkts. | 98.4% |
| Emerging mkts. | 1.6% |
Country Exposure
 |
UNITED STATES | 72.2 % |
 |
CANADA | 7.5 % |
 |
BRITAIN | 7.4 % |
 |
SWITZERLAND | 4.7 % |
 |
IRELAND | 3.1 % |
 |
CHINA | 1.4 % |
 |
CAYMAN ISLANDS | 1.0 % |
Historical Performance
Standardized Annual Returns (as of 03/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 0.5% | 1.8% | -6.3% | -7.3% | 5.8% | -- | 3.5% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.32 | 78% |
| MSCI EAFE | 1.21 | 61% |
| MSCI Emg Mkts | 0.95 | 40% |
Liquidity Measures
| Avg. volume (000) | 8 |
| Turnover | 1.6% |
| Avg. Bid/Ask (% of price) | 0.23% |
| ADV of underlying (mns) | $6,414 |
Technical Indicators
| Recent close | $32.61 |
| 30d moving avg. | $31.97 |
| Annualized volatility | 26.5% |
| Relative strength (RSI) | 71 |
| Short interest (ETF) | 0.4% |
| 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. SIMS |
Expenses vs. SIMS |
ALTAR Score™ vs. SIMS |
|---|---|---|---|---|
| FIW | First Trust Water ETF | 19.0% | +8 bp | +7.7% |
| SNSR | Global X Internet of Things ETF | 18.2% | +23 bp | +7.7% |
| PHO | Invesco Water Resources ETF | 17.2% | +15 bp | +7.5% |
| CGW | Invesco S&P Global Water Index ETF | 15.9% | +12 bp | +7.0% |
| EBLU | Ecofin Global Water ESG Fund | 15.0% | -5 bp | +7.2% |
| AQWA | Global X Clean Water ETF | 13.9% | +5 bp | +7.6% |
| EFRA | iShares Environmental Infrastructure and Industrials ETF | 12.4% | +2 bp | +8.5% |
| CNRG | SPDR S&P Kensho Clean Power ETF | 11.4% | 0 bp | -4.1% |
| QCLN | First Trust Nasdaq Clean Edge Green Energy Index Fund | 11.0% | +13 bp | +3.0% |
| KOMP | SPDR S&P Kensho New Economies Composite ETF | 10.8% | -25 bp | +5.3% |
Risk and Returns: SIMS 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 4/23/2024
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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
SIMS
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™
SIMS
-3.3%
Cat. Avg
3.6%
Fund Category: Global Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | -3.3% |
Recommendation
AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may be less relevant.
Category Overview
There are 347 funds in the Global Equities category, with an average ALTAR Score™
of 3.6% and a standard deviation of
4.9%. SIMS's ALTAR Score™ is approximately
1.4 standard deviations
below
the category average. This places SIMS in the 8th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
SIMS
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
| Latest price | |
| Change | |
| Volume | |
| Bid/Ask Spread | |
| Update |
Today's Trading
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Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| SIMS | 45.0 | 22.7 | 67.7 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .