XWEB
SPDR S&P Internet ETF
The SPDR S&P Internet ETF tracks an equal-weighted index of internet retail, software, and services companies, as defined by GICS.
Fund Basics
| Fund sponsor | SSGA |
| Category | US Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Jun 27, 2016 |
| Assets (mns) | $21 |
| 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 +
| SNAP, INC. CLASS A | 4.7 % |
| GODADDY, INC. CLASS A | 4.6 % |
| TRIPADVISOR INC | 4.4 % |
| CLOUDFLARE INC CLASS A | 4.2 % |
| PINTEREST, INC. CLASS A | 4.1 % |
| CARGURUS, INC. CLASS A | 4.1 % |
| META PLATFORMS INC | 4.1 % |
| SHUTTERSTOCK INC | 4.1 % |
| AKAMAI TECHNOLOGIES | 3.9 % |
| DIGITALOCEAN HOLDINGS, INC. | 3.9 % |
Constituent Breakdown
| Number of holdings | 32 |
| Herfindahl-Hirschman Index | 352 |
| Wgt avg mkt cap (mns) | $108,097 |
| Large cap (>$10bn) | 43.0% |
| Mid cap ($2-10bn) | 34.5% |
| Small cap (<$2bn) | 22.5% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 99.8 % |
Historical Performance
Standardized Annual Returns (as of 11/30/2023)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 26.3% | 15.1% | -29.2% | -18.2% | -0.9% | -- | 7.8% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.25 | 51% |
| MSCI EAFE | 1.14 | 39% |
| MSCI Emg Mkts | 1.13 | 42% |
Liquidity Measures
| Avg. volume (000) | 1 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 0.14% |
| ADV of underlying (mns) | $1,950 |
Technical Indicators
| Recent close | $78.65 |
| 30d moving avg. | $70.62 |
| Annualized volatility | 30.9% |
| Relative strength (RSI) | 51 |
| Short interest (ETF) | 0.3% |
| Short interest (underlying) | 10.5% |
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. XWEB |
Expenses vs. XWEB |
ALTAR Score™ vs. XWEB |
|---|---|---|---|---|
| FDN | First Trust Dow Jones Internet Index Fund | 24.0% | +17 bp | +7.5% |
| SOCL | Global X Social Media ETF | 19.6% | +30 bp | +0.6% |
| PSCU | Invesco S&P SmallCap Utilities ETF | 16.4% | -6 bp | +14.0% |
| SKYY | First Trust Cloud Computing ETF | 15.3% | +25 bp | +8.7% |
| WCLD | WisdomTree Cloud Computing Fund | 15.2% | +10 bp | +5.2% |
| HACK | ETFMG Prime Cyber Security ETF | 14.7% | +25 bp | +9.4% |
| CLOU | Global X Cloud Computing ETF | 14.7% | +33 bp | +7.3% |
| VERS | ProShares Metaverse ETF | 14.0% | +23 bp | -4.1% |
| WCBR | WisdomTree Cybersecurity Fund | 13.8% | +10 bp | +7.4% |
| MOON | Direxion Moonshot Innovators ETF | 13.1% | +30 bp | -10.4% |
Risk and Returns: XWEB 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
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023E | 2024E | ||
|---|---|---|---|---|---|---|---|---|
| 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
| 2022 | 2023E | Fwd Est | 2024E | |
| 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 11/30/2023
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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
XWEB
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™
XWEB
-5.6%
Cat. Avg
6.1%
Fund Category: US Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | -5.6% |
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 896 funds in the US Equities category, with an average ALTAR Score™
of 6.1% and a standard deviation of
3.1%. XWEB's ALTAR Score™ is approximately
3.8 standard deviations
below
the category average. This places XWEB in the 1st percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
XWEB
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) |
|
|---|---|---|---|
| XWEB | 35.0 | 14.3 | 49.3 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .