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.
Fund Basics
Fund sponsor | State Street Global Advisors |
Category | US Equities |
Asset class | Equity |
Website | link... |
Inception date | Jan 31, 2006 |
Assets (mns) | $1,896 |
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 +
WILLIAMS-SONOMA INC | 4.5 % |
CARLISLE COS INC | 3.9 % |
JOHNSON CONTROLS INTERNATIONAL PLC | 3.9 % |
OWENS CORNING | 3.9 % |
TRANE TECHNOLOGIES PLC | 3.8 % |
NVR INC | 3.8 % |
LENNOX INTERNATIONAL INC | 3.7 % |
ALLEGION PLC | 3.6 % |
LOWE'S COS INC | 3.6 % |
TOPBUILD CORP | 3.6 % |
Constituent Breakdown
Number of holdings | 35 |
Herfindahl-Hirschman Index | 329 |
Wgt avg mkt cap (mns) | $41,221 |
Large cap (>$10bn) | 85.4% |
Mid cap ($2-10bn) | 14.6% |
Small cap (<$2bn) | 0.0% |
Developed mkts. | 100.0% |
Emerging mkts. | 0.0% |
Country Exposure
UNITED STATES | 86.0 % | |
IRELAND | 11.3 % |
Historical Performance
Standardized Annual Returns (as of 03/31/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
---|---|---|---|---|---|---|
16.8% | 66.5% | 34.3% | 17.7% | 24.9% | 14.1% | 6.3% |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 1.35 | 68% |
MSCI EAFE | 1.37 | 65% |
MSCI Emg Mkts | 1.00 | 37% |
Liquidity Measures
Avg. volume (000) | 2,899 |
Turnover | 15.6% |
Avg. Bid/Ask (% of price) | 0.01% |
ADV of underlying (mns) | $6,955 |
Technical Indicators
Recent close | $102.19 |
30d moving avg. | $83.43 |
Annualized volatility | 29.1% |
Relative strength (RSI) | 82 |
Short interest (ETF) | 46.1% |
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 | 51.5% | +5 bp | +2.2% |
PKB | Invesco Building & Construction ETF | 36.4% | +27 bp | -1.0% |
HOMZ | Hoya Capital Housing ETF | 30.7% | -5 bp | -0.5% |
PEZ | Invesco Dorsey Wright Consumer Cyclicals Momentum ETF | 21.1% | +25 bp | -2.0% |
BUL | Pacer US Cash Cows Growth ETF | 20.5% | +25 bp | -1.1% |
XMHQ | Invesco S&P MidCap Quality ETF | 18.0% | -10 bp | -1.6% |
PAMC | Pacer Lunt MidCap Multi-Factor Alternator ETF | 16.7% | +25 bp | -3.0% |
XMMO | Invesco S&P MidCap Momentum ETF | 15.6% | -1 bp | -3.6% |
DVLU | First Trust Dorsey Wright Momentum & Value ETF | 14.8% | +25 bp | +1.7% |
ECML | Euclidean Fundamental Value ETF | 14.7% | +60 bp | +0.3% |
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 5/1/2024
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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
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 Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
XHB
8.7%
Cat. Avg
5.9%
Fund Category: US Equities
Avg. Return on Equity | --% |
Divided by: Fwd. P/BV | --x |
Less: Expenses | -- bp |
Equals: ALTAR Score™ | 8.7% |
Recommendation
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.
Category Overview
There are 887 funds in the US Equities category, with an average ALTAR Score™
of 5.9% and a standard deviation of
2.7%. XHB's ALTAR Score™ is approximately
1.0 standard deviations
above
the category average. This places XHB in the 85th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
XHB
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) |
|
---|---|---|---|
XHB | 35.0 | 1.4 | 36.4 |
Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .