SPDR Portfolio S&P Sector Neutral Dividend ETF (SPDG) Valuation
SPDG valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 20.5 trailing earnings
- Forward P/E
- 14.6 analyst estimates
- Price / sales
- 2.15
- Price / book
- 3.27
- EV / EBITDA
- 13.5
- Earnings yield
- 4.89% inverse of P/E
- Dividend yield
- 2.89% of the holdings
- Return on equity
- 16.0% combined
- Net margin
- 10.5% combined
- Beta
- 0.84 weighted, vs S&P 500
SPDG valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| SPDG | 20.5 | 14.6 | 2.15 | 3.27 | 2.89% | 16.0% | 10.5% | 1.6% |
| SPY | 25.9 | 19.9 | 3.67 | 5.47 | 1.08% | 21.1% | 14.2% | 1.9% |
| QQQ | 34.2 | 23.4 | 5.93 | 9.27 | 0.58% | 27.1% | 17.4% | 6.9% |
| DIA | 20.9 | 18.4 | 3.16 | 5.52 | 1.55% | 26.4% | 15.1% | 0.0% |
| VTI | 28.2 | 19.4 | 3.31 | 5.00 | 1.07% | 17.7% | 11.8% | 4.6% |
| IWM | n/m | 13.9 | 1.25 | 2.03 | 1.38% | −1.7% | −1.0% | 28.1% |
Same method for every fund. n/m = not meaningful (combined trailing earnings below zero or close to it). Loss-makers = weight of holdings with negative trailing earnings.
SPDG valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 37.3% | 27.4 | 19.0 | 3.74 | 6.00 | 1.93% | 21.9% |
| Financial Services | 10.9% | 12.1 | 9.9 | 1.98 | 1.33 | 3.49% | 11.0% |
| Healthcare | 9.6% | 37.0 | 15.1 | 1.73 | 4.74 | 2.55% | 12.8% |
| Consumer Cyclical | 9.6% | 21.6 | 17.8 | 1.66 | 11.10 | 3.08% | 51.4% |
| Communication Services | 9.2% | 10.5 | 7.6 | 0.99 | 1.43 | 6.06% | 13.7% |
| Industrials | 9.1% | 24.0 | 19.7 | 2.32 | 5.20 | 1.88% | 21.7% |
| Consumer Defensive | 4.5% | 21.7 | 15.7 | 1.88 | 6.51 | 4.03% | 30.0% |
| Energy | 3.5% | 21.0 | 14.4 | 2.08 | 2.50 | 2.59% | 11.9% |
| Utilities | 2.1% | 17.0 | 14.7 | 2.25 | 1.76 | 3.74% | 10.4% |
| Real Estate | 2.0% | 23.9 | 19.9 | 7.94 | 1.77 | 5.78% | 7.4% |
| Basic Materials | 1.4% | 35.4 | 14.8 | 1.75 | 2.87 | 2.67% | 8.1% |
SPDG earnings yield vs bond yields
Earnings yield = earnings ÷ price (1 ÷ P/E). The gap to bond yields is a rough gauge of the extra return stocks are priced to deliver.
How SPDG weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
SPDG largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| CSCO | Cisco Systems, Inc. | 7.50% | 32.2 | 19.8 | 6.7 | 1.56% | 4.80% |
| VZ | Verizon Communications Inc. | 5.90% | 11.7 | 8.7 | 1.3 | 6.32% | 10.45% |
| IBM | International Business Machines Corporation | 5.53% | 20.6 | 17.4 | 3.2 | 2.91% | 5.54% |
| TXN | Texas Instruments Incorporated | 4.54% | 42.1 | 27.5 | 13.0 | 2.20% | 2.23% |
| HD | The Home Depot, Inc. | 3.59% | 21.5 | 19.8 | 1.8 | 3.01% | 3.44% |
| QCOM | QUALCOMM Incorporated | 3.46% | 19.9 | 19.6 | 4.2 | 2.14% | 3.59% |
| ADI | Analog Devices, Inc. | 3.37% | 47.0 | 23.2 | 13.8 | 1.11% | 1.48% |
| GLW | Corning Incorporated | 2.72% | 60.6 | 38.5 | 6.7 | 0.85% | 0.93% |
| CMCSA | Comcast Corporation | 2.62% | 7.1 | 5.9 | 0.6 | 6.03% | 7.67% |
| ACN | Accenture plc | 2.35% | 16.9 | 12.4 | 1.9 | 2.98% | 2.86% |
| JNJ | Johnson & Johnson | 1.88% | 38.8 | 21.0 | 6.2 | 2.10% | 1.00% |
| MCD | McDonald's Corporation | 1.75% | 19.7 | 17.1 | 6.2 | 3.18% | 1.83% |
| ABBV | AbbVie Inc. | 1.55% | 80.6 | 16.4 | 7.8 | 2.42% | 0.40% |
| XOM | Exxon Mobil Corporation | 1.52% | 23.0 | 14.8 | 2.0 | 2.30% | 1.37% |
| MSI | Motorola Solutions, Inc. | 1.40% | 36.5 | 23.9 | 6.3 | 1.05% | 0.79% |
| PM | Philip Morris International Inc. | 1.38% | 29.5 | 20.9 | 7.5 | 3.12% | 0.96% |
| LOW | Lowe's Companies, Inc. | 1.19% | 16.7 | 15.6 | 1.2 | 2.53% | 1.47% |
| HPE | Hewlett Packard Enterprise Company | 1.19% | 28.4 | 13.6 | 1.7 | 1.03% | 0.86% |
| SBUX | Starbucks Corporation | 1.12% | 56.4 | 30.9 | 2.9 | 2.58% | 0.41% |
| UNH | UnitedHealth Group Incorporated | 1.09% | 25.8 | 16.6 | 0.8 | 2.31% | 0.87% |
| PNC | The PNC Financial Services Group, Inc. | 1.05% | 11.6 | 10.7 | 3.5 | 3.68% | 1.87% |
| NXPI | NXP Semiconductors N.V. | 1.05% | 19.6 | 12.9 | 4.4 | 1.77% | 1.11% |
| MRK | Merck & Co., Inc. | 1.04% | 115.8 | 15.3 | 5.4 | 2.33% | 0.19% |
| USB | U.S. Bancorp | 1.01% | 11.4 | 10.4 | 3.3 | 3.68% | 1.82% |
| PEP | PepsiCo, Inc. | 0.92% | 16.5 | 14.9 | 1.8 | 4.50% | 1.15% |
Share of earnings = the holding's part of the fund's combined trailing profit. Green: earns more than its weight; orange: less. Symbol links go to each company's key metrics.
About SPDG valuation
Adding up its 269 holdings with company data, SPDG trades at 20.5 times trailing earnings and 14.6 times analysts' forward estimates, with a price-to-book ratio of 3.27 and a dividend yield of 2.89%. Its earnings yield of 4.89% is 0.44 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 41.6% of the fund and earn 43.0% of its combined profit. By sector, Healthcare is the most expensive at 37.0 times earnings and Communication Services the cheapest at 10.5. Companies that lost money over the past year are 1.6% of the covered weight.
How these figures are calculated. Each ratio treats the fund as one company: the earnings, sales and book value of every holding are added up in proportion to its weight and divided into the fund's price. In practice that is a weighted harmonic mean, so a single stock with a very high P/E cannot distort the result, and loss-making companies reduce the fund's earnings instead of being dropped. Covers 99.6% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: SPDG chart, SPDG performance, SPDG holdings, SPDG dividends.
SPDG valuation FAQ
What is the P/E ratio of SPDG?
Based on its holdings, SPDG has a trailing P/E of 20.5 and a forward P/E of 14.6 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of SPDG?
The trailing earnings yield is 4.89% (1 ÷ P/E) and the forward earnings yield 6.83%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is SPDG more expensive than the S&P 500?
SPDG trades at 20.5 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 14.6 and 19.9.
What is the price-to-book ratio of SPDG?
The holdings of SPDG trade at 3.27 times book value, with a combined return on equity of 16.0%.
Which sector in SPDG has the highest P/E?
Healthcare has the highest P/E at 37.0 and Communication Services the lowest at 10.5.