SPYD
SPDR S&P 500 High Dividend ETF
The SPDR S&P 500 High Dividend ETF tracks an index of the 80 highest-yielding stocks selected from the S&P 500. Stocks are equally weighted.
Fund Basics
| Fund sponsor | State Street Global Advisors |
| Category | US Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Oct 21, 2015 |
| Assets (mns) | $5,178 |
| Expense ratio | 7 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-End Investment Company |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Dividends |
| Weighting | Equal |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| PFIZER INC | 1.6 % |
| SEAGATE TECHNOLOGY HOLDINGS PLC | 1.6 % |
| COMERICA INC | 1.5 % |
| SIMON PROPERTY GROUP INC | 1.5 % |
| EDISON INTERNATIONAL | 1.5 % |
| BAKER HUGHES COMPANY CLASS A | 1.5 % |
| KEYCORP | 1.5 % |
| CHEVRON CORP | 1.5 % |
| BROADCOM INC. | 1.5 % |
| MARATHON PETROLEUM | 1.5 % |
Constituent Breakdown
| Number of holdings | 79 |
| Herfindahl-Hirschman Index | 131 |
| Wgt avg mkt cap (mns) | $50,571 |
| Large cap (>$10bn) | 88.5% |
| Mid cap ($2-10bn) | 11.5% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 97.0 % |
 |
BRITAIN | 2.4 % |
 |
IRELAND | 1.6 % |
Historical Performance
Standardized Annual Returns (as of 11/30/2021)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 23.6% | 29.0% | 6.0% | 6.7% | 7.4% | -- | 9.5% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.17 | 74% |
| MSCI EAFE | 1.27 | 83% |
| MSCI Emg Mkts | 1.04 | 69% |
Liquidity Measures
| Avg. volume (000) | 1,219 |
| Turnover | 1.0% |
| Avg. Bid/Ask (% of price) | 0.03% |
| ADV of underlying (mns) | $27,145 |
Technical Indicators
| Recent close | $40.50 |
| 30d moving avg. | $40.82 |
| Annualized volatility | 25.1% |
| Relative strength (RSI) | 47 |
| Short interest (ETF) | 0.2% |
| Short interest (underlying) | 3.5% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Risk and Returns: SPYD 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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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. SPYD |
Expenses vs. SPYD |
ALTAR Score™ vs. SPYD |
|---|---|---|---|---|
| DVY | iShares Select Dividend ETF | 55.2% | +32 bp | +0.0% |
| SPHD | Invesco S&P 500 High Dividend Low Volatility ETF | 50.9% | +23 bp | +0.1% |
| CDC | VictoryShares US EQ Income Enhanced Volatility Wtd Index ETF | 49.7% | +30 bp | -0.7% |
| CDL | VictoryShares US Large Cap High Dividend Volatility Wtd Idx | 49.5% | +28 bp | -0.7% |
| SDOG | ALPS Sector Dividend Dogs ETF | 48.9% | +33 bp | +0.7% |
| SPDV | AAM S&P 500 High Dividend Value ETF | 43.0% | +22 bp | +1.5% |
| DTN | WisdomTree U.S. Dividend ex-Financials Fund | 42.2% | +31 bp | -0.5% |
| GBDV | Global Beta Smart Income ETF | 39.2% | +22 bp | +1.4% |
| FDL | First Trust Morningstar Dividend Leaders Index Fund | 35.8% | +38 bp | +0.4% |
| DHS | WisdomTree U.S. High Dividend Fund | 35.6% | +31 bp | +0.3% |
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Results & Estimates
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021E | 2022E | ||
|---|---|---|---|---|---|---|---|---|
| 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
| 2020 | 2021E | Fwd Est | 2022E | |
| 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 12/6/2021
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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
SPYD
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™
SPYD
7.9%
Cat. Avg
4.9%
Fund Category: US Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 7.9% |
Recommendation
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.
Category Overview
There are 811 funds in the US Equities category, with an average ALTAR Score™
of 4.9% and a standard deviation of
5.3%. SPYD's ALTAR Score™ is approximately
0.6 standard deviations
above
the category average. This places SPYD in the 72nd percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
SPYD
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) |
|
|---|---|---|---|
| SPYD | 7.0 | 2.5 | 9.5 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .