ESIX
SPDR S&P SmallCap 600 ESG ETF
ESIX tracks a market-cap-weighted index of US small-cap companies screened for environmental, social, and governance (ESG) factors.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
12 bp
EXPENSES
$4.7 M
ASSETS UNDER MGMT
Fund Basics
| Fund sponsor | State Street |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Jan 10, 2022 |
| Assets (mns) | $5 |
| Expense ratio | 12 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Principles-based |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| FABRINET | 1.0 % |
| ABERCROMBIE & FITCH CO-CL A | 0.9 % |
| ENSIGN GROUP INC/THE | 0.9 % |
| SPS COMMERCE INC | 0.9 % |
| ALLEGHENY TECHNOLOGIES INC | 0.8 % |
| MUELLER INDUSTRIES INC | 0.8 % |
| MERITAGE HOMES CORP | 0.8 % |
| GLAUKOS CORP | 0.7 % |
| INSIGHT ENTERPRISES INC | 0.7 % |
| MR. COOPER GROUP, INC. | 0.7 % |
Constituent Breakdown
| Number of holdings | 387 |
| Herfindahl-Hirschman Index | 38 |
| Wgt avg mkt cap (mns) | $3,175 |
| Large cap (>$10bn) | 1.1% |
| Mid cap ($2-10bn) | 69.6% |
| Small cap (<$2bn) | 29.3% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 92.8 % |
 |
CAYMAN ISLANDS | 1.0 % |
 |
BERMUDA | 1.0 % |
 |
PUERTO RICO | 0.9 % |
Historical Performance
Standardized Performance (as of 06/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 0.1% | 11.5% | 10.7% | -- | -- | -- | 2.4% | Volatility | 17.2% | 18.6% | 21.1% | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.04 | 74% |
| MSCI EAFE | 1.00 | 66% |
| MSCI Emg Mkts | 0.68 | 31% |
Liquidity Measures
| Avg. volume (000) | 2 |
| Turnover | 1.3% |
| Avg. Bid/Ask (% of price) | 0.26% |
| ADV of underlying (mns) | $19,690 |
Technical Indicators
| Recent close | $31.31 |
| 30d moving avg. | $29.49 |
| Annualized volatility | 22.9% |
| Relative strength (RSI) | 51 |
| Short interest (ETF) | 2.6% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. ESIX |
Expenses vs. ESIX |
ALTAR Score™ vs. ESIX |
|---|---|---|---|---|
| XJR | iShares ESG Screened S&P Small-Cap ETF | 73.8% | 0 bp | -0.4% |
| QVMS | Invesco S&P SmallCap 600 QVM Multi-factor ETF | 70.1% | +3 bp | +0.0% |
| VIOO | Vanguard S&P Small-Cap 600 ETF | 69.0% | -2 bp | -0.2% |
| IJR | iShares Core S&P Small Cap ETF | 68.3% | -6 bp | -0.2% |
| SPSM | SPDR Portfolio S&P 600 Small Cap ETF | 66.2% | -9 bp | -0.2% |
| VIOV | Vanguard S&P Small-Cap 600 Value ETF | 56.1% | +3 bp | +0.9% |
| IJS | iShares S&P Small-Cap 600 Value ETF | 55.5% | +6 bp | +0.8% |
| SLYV | SPDR S&P 600 Small Cap Value ETF | 55.0% | +3 bp | +0.8% |
| IJT | iShares S&P Small-Cap 600 Growth ETF | 54.9% | +6 bp | -1.3% |
| VIOG | Vanguard S&P Small-Cap 600 Growth ETF | 54.5% | +3 bp | -1.2% |
Risk and Returns: ESIX vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 7/25/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
ESIX
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
ESIX
7.6%
Cat. Avg
5.7%
Fund Category: US
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 7.6% |
Recommendation
OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.
Category Overview
There are 899 funds in the US category, with an average ALTAR Score™
of 5.7% and a standard deviation of
2.4%. ESIX's ALTAR Score™ is approximately
0.8 standard deviations
above
the category average. This places ESIX in the 77th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
ESIX
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Expense Analysis
| Peer Group | Rules-Based US Equity ETFs |
| # of ETFs | 609 |
| Avg. Expense Ratio | 46.6 bp |
| Std. Deviation | 32.9 bp |
| ESIX (12 bp) Percentile rank | 15 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| ESIX | 12.0 | 25.9 | 37.9 |
| Peer Avg. | 29.1 | 14.0 | 43.1 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .