SSPY
Syntax Stratified LargeCap ETF
SSPY tracks an index that holds all constituents of the S&P 500 Index. The index defines eight alternative sectors and allocates among them equally.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
$ 122.8 M
ASSETS UNDER MGMT
30 bp
EXPENSES
Fund Basics
| Inception date | Jan 02, 2019 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Annually |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| SYNCHRONY FINANCIAL | 1.2 % |
| CAPITAL ONE FINANCIAL CORP | 1.1 % |
| MICROSOFT CORP | 1.1 % |
| INTL BUSINESS MACHINES CORP | 1.0 % |
| ROSS STORES INC | 0.8 % |
| WAL-MART STORES INC | 0.8 % |
| TJX COMPANIES INC | 0.8 % |
| COSTCO WHOLESALE CORP | 0.8 % |
| KROGER CO | 0.7 % |
| META PLATFORMS INC | 0.7 % |
Constituent Breakdown
| Number of holdings | 507 |
| Herfindahl-Hirschman Index | 33 |
| Wgt avg mkt cap (mns) | $172,012 |
| Large cap (>$10bn) | 93.0% |
| Mid cap ($2-10bn) | 4.3% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 98.2% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 96.6 % |
 |
IRELAND | 2.0 % |
Historical Performance
Standardized Performance (as of 04/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 7.6% | 21.8% | 12.8% | 12.3% | 7.6% | -- | -- | 12.3% |
| Dividend Yield | 0.0% | 1.7% | 1.0% | 1.3% | 1.4% | -- | -- | 1.5% |
| Total Returns | 7.6% | 23.4% | 13.8% | 13.7% | 9.0% | -- | -- | 13.8% | Ann. Volatility | 11.9% | 11.2% | 14.4% | 13.5% | 15.5% | -- | -- | 18.8% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.73 | 64% |
| MSCI EAFE | 0.54 | 50% |
| MSCI Emg Mkts | 0.36 | 35% |
Liquidity Measures
| Avg. volume (000) | 2 |
| ADV traded (mns) | $0 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.16% |
Technical Indicators
| 30d moving avg. (EMA) | $91.52 |
| Relative strength (RSI) | 59 |
| MACD/Signal | 0.81/0.74 |
| Bollinger Bands (Upper/Lower) | $94.50/$89.31 |
| Short interest (% of AUM) | 0.5% |
Distributions
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. SSPY |
Expenses vs. SSPY |
ALTAR Score™ vs. SSPY |
|---|---|---|---|---|
| RSP | Invesco S&P 500 Equal Weight ETF | 70.2% | -10 bp | -0.2% |
| EUSA | iShares MSCI USA Equal Weighted ETF | 60.7% | -21 bp | -0.5% |
| GSEW | Goldman Sachs Equal Weight U.S. Large Cap Equity ETF | 60.7% | -21 bp | -0.8% |
| SIZE | iShares MSCI USA Size Factor ETF | 60.3% | -15 bp | -0.6% |
| CFA | VictoryShares US 500 Volatility Wtd ETF | 58.9% | +5 bp | -0.7% |
| CFO | VictoryShares US 500 Enhanced Volatility Wtd ETF | 58.8% | +10 bp | -0.7% |
| JHML | John Hancock Multifactor Large Cap ETF | 53.0% | -1 bp | -1.5% |
| RWL | Invesco S&P 500 Revenue ETF | 51.8% | +9 bp | -0.2% |
| VOOV | Vanguard S&P 500 Value ETF | 50.4% | -23 bp | -0.5% |
| SPYV | State Street SPDR Portfolio S&P 500 Value ETF | 50.2% | -26 bp | -0.5% |
Risk and Returns: SSPY 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 (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| 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 5/7/2026
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
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 Rating
6.6%
ALTAR SCORE™
72nd
PERCENTILE
OVERWEIGHT
ETFRC RATING
There are 1,206 funds in the US Equity category with an average
ALTAR Score™ of 5.4% and a standard deviation
of 2.1%. SSPY's ALTAR Score™ is approximately 0.6 standard
deviations above the category average. This places SSPY in the 72nd percentile
among funds in the category.
Sell-Side Consensus
$108.79
PRICE TARGET
+15.7%
UPSIDE