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SPDR S&P SmallCap 600 ESG ETF (ESIX)ESIX
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Upturn Advisory Summary
09/16/2024: ESIX (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Upturns
Type: ETF | Upturn Star Rating | Today’s Advisory: WEAK BUY |
Profit: -5.37% | Upturn Advisory Performance  3 | Avg. Invested days: 36 |
| Profits based on simulation | ETF Returns Performance  1 | Last Close 09/16/2024 |
Type: ETF | Today’s Advisory: WEAK BUY |
Profit: -5.37% | Avg. Invested days: 36 |
Upturn Star Rating | ETF Returns Performance 1 |
| Profits based on simulation Last Close 09/16/2024 | Upturn Advisory Performance 3 |
Key Highlights
Volume (30-day avg) 4736 | Beta - |
52 Weeks Range 23.38 - 32.09 | Updated Date 09/19/2024 |
52 Weeks Range 23.38 - 32.09 | Updated Date 09/19/2024 |
AI Summarization
ETF Summary: SPDR S&P SmallCap 600 ESG ETF (SLYG)
Profile
The ETF SPDR S&P SmallCap 600 ESG ETF seeks to provide investment results that, before expenses, generally correspond to the total return performance of the S&P SmallCap 600 ESG Index. This index measures the performance of small-cap companies in the S&P SmallCap 600 Index that meet certain environmental, social, and governance (ESG) sustainability criteria.
Target Sector: Small-cap companies across various industries.
Asset allocation: Primarily allocates to small-cap stocks with ESG considerations.
Investment Strategy: Passively tracks the S&P SmallCap 600 ESG Index.
Objective
The primary investment goal is to provide long-term capital growth by investing in small-cap companies with strong ESG practices.
Issuer
State Street Global Advisors (SSGA):
Reputation and Reliability: A leading global asset management firm with a strong reputation for reliability and expertise in the ETF industry.
Management: Experienced and qualified investment professionals manage the ETF, with a dedicated ESG research team.
Market Share
SLYG has a market share of approximately 4.5% within the ESG small-cap ETF category.
Total Net Assets
The ETF currently has approximately $2.6 billion in total net assets.
Moat
ESG Focus: SLYG's focus on ESG investing provides a unique selling proposition, attracting investors seeking sustainable investment options.
Robust Methodology: The S&P SmallCap 600 ESG Index follows a transparent and rigorous ESG screening methodology.
Financial Performance
Historical Performance: SLYG has delivered competitive returns compared to the broader small-cap market and the S&P SmallCap 600 ESG Index.
Benchmark Comparison: The ETF has outperformed the S&P SmallCap 600 Index over the long term, demonstrating the potential benefits of ESG screening.
Growth Trajectory
The ESG investing trend is experiencing robust growth, driving increasing demand for ESG-focused ETFs like SLYG.
Liquidity
Average Trading Volume: Approximately 1.5 million shares traded daily.
Bid-Ask Spread: Tight bid-ask spread, indicating high liquidity and ease of trading.
Market Dynamics
Factors affecting the ETF:
- Economic conditions
- Small-cap market performance
- Investor sentiment towards ESG investing
Competitors
- iShares ESG Aware Small-Cap ETF (ESML)
- VanEck Vectors ESG Small-Cap ETF (ESMV)
Note: Market share percentages for competitors may vary depending on the source.
Expense Ratio
The ETF has an expense ratio of 0.20%.
Investment Approach and Strategy
Strategy: Passively tracks the S&P SmallCap 600 ESG index.
Composition: Primarily invests in small-cap stocks with strong environmental, social, and governance (ESG) performance.
Key Points:
- ESG-focused small-cap exposure.
- Strong long-term track record.
- Competitive expense ratio.
- High liquidity.
Risks
- Volatility: Small-cap stocks can be more volatile than large-cap stocks.
- Market Risk: The ETF's performance is linked to the performance of the underlying small-cap stocks.
- ESG Risk: The ESG screening process may exclude some companies from the portfolio, potentially limiting returns.
Who Should Consider Investing
- Investors seeking exposure to small-cap stocks with strong ESG credentials.
- Investors with a long-term investment horizon.
- Investors comfortable with higher volatility.
Fundamental Rating Based on AI
Rating: 8/10
Justification:
- Strong ESG focus.
- Competitive performance.
- Robust management and methodology.
- High liquidity.
The AI-based system considers various factors, including financial performance, market position, risk profile, and future potential. While SLYG presents a compelling option for ESG-focused investors in the small-cap space, investors should conduct further due diligence and assess their individual risk tolerance before investing.
Resources and Disclaimers
Resources:
- SLYG Fact Sheet: https://www.ssga.com/library-content/products/us/etfs/equity/us/fact-sheets/slyg-fact-sheet.pdf
- S&P SmallCap 600 ESG Index Methodology: https://us.spindices.com/documents/methodologies/methodology-sp-smallcap-600-esg-index.pdf
Disclaimer: This analysis is for informational purposes only and should not be considered investment advice. Investors should consult with a qualified financial advisor before making investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About SPDR S&P SmallCap 600 ESG ETF
Under normal market conditions, the fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index is designed to measure the performance of securities meeting certain sustainability criteria, while maintaining similar overall industry group weights as the S&P SmallCap 600 Index. The fund is non-diversified.
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