Summary
State Street SPDR S&P Kensho Final Frontiers ETF is an ETF - a fund traded on an exchange like a stock - run by SPDR. Positions inside: 39. The ten largest make up 38% of the fund.
- Yearly costs
- 0.45%
- Fund size
- $155.8M
- Positions
- 39
- Dividend yield
- 0.22%
- Running since
- 2018
What speaks for it
- Average yearly growth over the last five years: 17%.
What to watch
- 65% of the fund is in one sector (Industrials).
- 98% of the fund is in one country (United States).
- In the last five years its price once dropped by 32% from its high.
A fund has no Bulios Score and no Fair Price of its own - both are computed from the results of a single company. This page shows what is inside the fund and what it costs instead.
Price
Performance
- 1 month
- -12%
- 3 months
- -21%
- This year
- +9.6%
- 1 year
- +20%
- 3 years
- +134%
- 5 years
- +122%
- Avg. market cap
- $49.8B
- P/E
- 21.4x
- Forward P/E
- 20.2x
- P/S
- 2.0x
- P/B
- 3.4x
- P/FCF
- 19.7x
- EV/EBITDA
- 13.9x
- Dividend yield
- 0.73%
- ROIC
- 5.4%
- ROE
- 15.8%
- Gross margin
- 28.1%
- Operating margin
- 2.4%
- Net margin
- -1.9%
- Payout ratio
- 15.5%
- Net debt/EBITDA
- 3.8x
- Beta
- 1.43
Weighted average of the 37 largest companies, which make up 100% of the fund. Banks and insurers are left out of the gross margin, the ROIC and the EBITDA figures.
What is inside?
Moderately concentrated- 1 FEForum Energy Technologies, Inc. FET 4.8%
- 2 LMLockheed Martin LMT 4.2%
- 3 TDTeledyne TDY 3.9%
- 4 RTRTX RTX 3.9%
- 5 DCDucommun Inc. DCO 3.8%
- 6 OIOceaneering OII 3.6%
- 7 NONorthrop Grumman Corp NOC 3.6%
- 8 HEHEICO HEI 3.5%
- 9 IRIridium Communications Inc. IRDM 3.5%
- 10 MOMoog Inc. MOG-A 3.3%
Positions in the fund: 39. The ten largest make up 38% of it.
Composition as of Oct 31, 2026.
Where is it spread?
One sector dominatesBy sector
- Industrials 65%
- Technology 21%
- Energy 11%
- Communication services 3.7%
By country
- United States 98%
- Israel 2.4%
By company size
- Mega cap 6.6%
- Large cap 52%
- Mid cap 32%
- Small cap 9.2%
By the company's market value: Mega cap from $200B, Large cap from $10B, Mid cap from $2B, Small cap from $300M, Micro cap below $300M.
Largest sector: Industrials (65%). Largest country: United States (98%). Largest size group: Large cap (52%).
What does it cost me?
Usual costs- A year from $10,000
- $45.00
- Over 20 years
- $2,184
From every $10,000 invested the fund takes $45.00 a year. You do not pay it separately - it is taken out of the fund's value. Over 20 years at 5% yearly growth that adds up to about $2,184.
How has it done?
Growing over the long run- A year on average, 5 years
- +17%
- Deepest drop
- -32%
- Yearly volatility
- 33%
Average yearly growth over the last five years: 17%. Deepest drop in these years: 32% below the earlier high.
Does it pay dividends?
Yes, it pays out- Yield
- 0.22%
- Payments a year
- 4
- Last payment
- $0.05
Over the last 12 months it paid $0.21 per share, which is 0.22% of today's price. The last payment was $0.05 on Sep 21, 2026.
Is it easy to buy and sell?
Yes- Traded a day
- $2.03M
- Shares a day
- 21K
On an average day about $2.03M of the fund changes hands.
How expensive are the companies inside?
Usual valuation- P/E of the companies inside
- 21.4
- Average Bulios Score
- 57 out of 100
Weight by Bulios Fair Price
- Undervalued 22%
- Fairly valued 16%
- Overvalued 62%
On average the companies inside trade for 21.4 times their yearly profit. By Fair Price, 62% of the rated weight comes out as overvalued.
Counted from its largest companies (37), which make up 100% of the fund. Each company counts by its weight. We use the metrics, the Bulios Score and the Fair Price of the companies themselves.
Similar funds
Funds that hold much of the same. The overlap says how much of their weight they share with this fund.
| Fund | Domicile | Size | 1-year change | Dividends | ||
|---|---|---|---|---|---|---|
IV IVDF.DE Invesco Defence Innovation UCITS ETF AccumUSD | Ireland | 0.35% | $153.2M | +9.7% | Reinvests | 42% |
XA XAR State Street SPDR S&P Aerospace & Defense ETF | United States | 0.35% | $3.83B | -8.0% | Pays out | 42% |
GC GCAD Gabelli Commercial Aerospace and Defense ETF | United States | 0.90% | $13.3M | +3.6% | Pays out | 39% |
PP PPA Invesco Aerospace & Defense ETF | United States | 0.58% | $7.50B | -1.1% | Pays out | 38% |
MI MISL First Trust Indxx Aerospace & Defense ETF | United States | 0.60% | $195.6M | -5.0% | Pays out | 37% |
WD WDGF WisdomTree Global Defense Fund | United States | 0.45% | $2.23M | -5.4% | Pays out | 33% |