Stratified LargeCap Index ETF (SSPY)
Stratified LargeCap Index ETF operates in the Asset Management industry of the Financial Services sector, headquartered in Oklahoma City, OK, US. The stock last traded at $100.80, up 0.10% on the session, giving a market capitalisation of $130.4M. Its beta of 0.85 implies it has historically moved less than the broad market.
SSPYs index aims to provide equal exposure to companies that share related business risks, using a proprietary stratified weighting methodology. The fund manager sorts S&P 500 companies into groups based on their underlying business functions and relationships such as common suppliers, customers, competitors, and products. When two or more companies earnings are affected by these fundamental drivers, they are grouped, and their weight is redistributed across the other components. The objective is to provide a more unbiased return on the large-cap space than market-cap-weighted funds. Rebalanced quarterly, the index includes 500 components from all eight industry sectors. On September 27, 2024, the fund acquired all assets and liabilities of the Syntax Stratified ETF suite, LargeCap, MidCap, SmallCap, Total Market II, and U.S. Total Market ETF (SYUS), which had about $50.1 million combined AUM.
Stratified LargeCap Index ETF is most often compared with the following Financial Services names: