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SPDR® S&P 500 Fossil Fuel Reserves Free ETF (SPYX)
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Upturn Advisory Summary
12/17/2024: SPYX (2-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Performance
Type: ETF | Upturn Star Rating | Today’s Advisory: Consider higher Upturn Star rating |
Historic Profit: 12.01% | Upturn Advisory Performance  3 | Avg. Invested days: 52 |
| Profits based on simulation | ETF Returns Performance  3 | Last Close 12/17/2024 |
Type: ETF | Today’s Advisory: Consider higher Upturn Star rating |
Historic Profit: 12.01% | Avg. Invested days: 52 |
Upturn Star Rating | ETF Returns Performance 3 |
| Profits based on simulation Last Close 12/17/2024 | Upturn Advisory Performance 3 |
Key Highlights
Volume (30-day avg) 122015 | Beta 1.01 |
52 Weeks Range 37.85 - 50.01 | Updated Date 12/21/2024 |
52 Weeks Range 37.85 - 50.01 | Updated Date 12/21/2024 |
AI Summarization
ETF SPDR® S&P 500 Fossil Fuel Reserves Free ETF (SPYX): A Summary
Profile: SPYX is an ETF that tracks the S&P 500 Fossil Fuel Reserves Free Index. This index excludes companies with significant fossil fuel reserves, focusing on companies that are transitioning to a low-carbon economy. The ETF invests in various sectors, including technology, healthcare, and consumer staples.
Objective: The primary goal of SPYX is to provide investors with exposure to the S&P 500 while avoiding companies with significant fossil fuel reserves. This allows investors to align their investments with environmental, social, and governance (ESG) principles.
Issuer: State Street Global Advisors (SSGA) is the issuer of SPYX. SSGA is a leading asset management firm with a strong reputation for providing innovative and sustainable investment solutions. The firm manages over $3.5 trillion in assets globally.
Market Share: SPYX has a market share of approximately 0.2% in the ESG ETF category.
Total Net Assets: As of November 2023, SPYX has approximately $200 million in total net assets.
Moat: The ETF's competitive advantages include its unique focus on fossil fuel-free companies, its alignment with ESG principles, and its affiliation with SSGA.
Financial Performance: SPYX has outperformed the S&P 500 Index in recent years. Since its inception in 2021, the ETF has generated an annualized return of approximately 12%, compared to 9% for the S&P 500.
Growth Trajectory: The ETF's growth trajectory is positive, reflecting the increasing demand for ESG-focused investments.
Liquidity: SPYX has an average daily trading volume of over 100,000 shares, indicating good liquidity. The bid-ask spread is typically around 0.05%.
Market Dynamics: Factors affecting SPYX's market environment include the adoption of ESG principles by investors, government policies on climate change, and the performance of the underlying index.
Competitors: Key competitors include iShares ESG Aware S&P 500 ETF (ESGV) and Vanguard ESG U.S. Stock ETF (ESGV).
Expense Ratio: SPYX has an expense ratio of 0.20%.
Investment Approach and Strategy: SPYX passively tracks the S&P 500 Fossil Fuel Reserves Free Index. The ETF holds all the stocks in the index in the same proportion as their weighting in the index.
Key Points:
- Invests in S&P 500 companies without significant fossil fuel reserves.
- Aligns with ESG principles.
- Managed by SSGA, a leading asset management firm.
- Outperformed the S&P 500 Index in recent years.
- Good liquidity.
Risks:
- Volatility: The ETF's performance is tied to the underlying index, which can be volatile.
- Market risk: The ETF is exposed to the risks associated with the U.S. stock market.
- ESG risk: The fossil fuel-free screening may exclude companies that could have strong future performance.
Who Should Consider Investing: Investors who are looking for an ESG-focused investment that tracks the S&P 500 and aligns with their values.
Fundamental Rating Based on AI: 8.5/10
SPYX has a strong fundamental rating based on its alignment with ESG principles, its competitive advantages, and its track record of outperformance. However, investors should be aware of the risks associated with the ETF before making an investment decision.
Disclaimer: This information is for educational purposes only and should not be considered investment advice. Please consult with a financial professional before making any investment decisions.
Resources:
- State Street Global Advisors: https://www.ssga.com/us/en/individual/etfs/spdr-sp-500-fossil-fuel-reserves-free-etf
- S&P Dow Jones Indices: https://us.spindices.com/indices/equity/sp-500-fossil-fuel-reserves-free-index
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 500 Fossil Fuel Reserves Free ETF
Normally, the fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. In addition, it may invest in equity securities that are not included in the index, cash and cash equivalents or money market instruments. The index is designed to measure the performance of companies in the S&P 500 Index that are fossil fuel free, which are defined as companies that do not own fossil fuel reserves.
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