SSLY
Syntax Stratified SmallCap ETF
SSLY tracks an index that holds all constituents of the S&P 600 Index, reweighted to diversify related business risk.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
10.5 M
ASSETS UNDER MGMT
40 bp
EXPENSES
Fund Basics
Fund sponsor | Syntax Advisors |
Category | US |
Asset class | Equity |
Website | link... |
Inception date | May 28, 2020 |
Assets (mns) | $11 |
Expense ratio | 40 bp |
Currency | USD |
Sector Breakdown
Fund Structure
Regulation | Open-Ended Fund |
Distributions | Annually |
Taxation | 1099 |
Stock selection | Committee |
Weighting | Tiered |
Holdings Transparency | Full |
Derivatives-based | No |
Options available | No |
Currency hedged | No |
Fund of funds | No |
Top 10 Holdings
VERICEL CORPORATION | 0.9 % |
EMBECTA CORPORATION | 0.9 % |
ALARM.COM HOLDINGS INC | 0.8 % |
A10 NETWORKS INC | 0.8 % |
PLEXUS CORP | 0.7 % |
CINEMARK HOLDINGS INC | 0.7 % |
TANDEM DIABETES CARE INC | 0.6 % |
SANMINA CORP | 0.6 % |
HARMONIC INC | 0.6 % |
HAVERTY FURNITURE | 0.6 % |
Constituent Breakdown
Number of holdings | 605 |
Herfindahl-Hirschman Index | 27 |
Wgt avg mkt cap (mns) | $2,488 |
Large cap (>$10bn) | 0.0% |
Mid cap ($2-10bn) | 57.4% |
Small cap (<$2bn) | 42.5% |
Developed mkts. | 100.0% |
Emerging mkts. | 0.0% |
Country Exposure
UNITED STATES | 97.6 % | |
BERMUDA | 0.9 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
---|---|---|---|---|---|---|---|
Total Returns | -- | -- | -- | -- | -- | -- | -- | Volatility | 20.0% | 21.0% | 20.6% | 22.4% | -- | -- | -- |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 1.10 | 70% |
MSCI EAFE | 1.10 | 68% |
MSCI Emg Mkts | 0.78 | 33% |
Liquidity Measures
Avg. volume (000) | 0 |
Turnover | 0.0% |
Avg. Bid/Ask (% of price) | 0.22% |
ADV of underlying (mns) | $15,103 |
Technical Indicators
Recent close | $45.95 |
30d moving avg. | $79.05 |
Annualized volatility | 23.8% |
Relative strength (RSI) | 52 |
Short interest (ETF) | 0.1% |
Short interest (underlying) | 10.6% |
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. SSLY |
Expenses vs. SSLY |
ALTAR Score™ vs. SSLY |
---|---|---|---|---|
XJR | iShares ESG Screened S&P Small-Cap ETF | 56.8% | -28 bp | +0.5% |
IJR | iShares Core S&P Small Cap ETF | 56.8% | -34 bp | +0.2% |
VIOO | Vanguard S&P Small-Cap 600 ETF | 56.4% | -30 bp | +0.1% |
SPSM | SPDR Portfolio S&P 600 Small Cap ETF | 55.6% | -37 bp | +0.1% |
QVMS | Invesco S&P SmallCap 600 QVM Multi-factor ETF | 54.9% | -25 bp | +1.0% |
RWJ | Invesco S&P SmallCap 600 Revenue ETF | 50.3% | -1 bp | +0.9% |
IJS | iShares S&P Small-Cap 600 Value ETF | 48.2% | -22 bp | +0.9% |
VIOV | Vanguard S&P Small-Cap 600 Value ETF | 48.1% | -25 bp | +0.9% |
SLYV | SPDR S&P 600 Small Cap Value ETF | 47.3% | -25 bp | +0.9% |
ESIX | SPDR S&P SmallCap 600 ESG ETF | 44.6% | -28 bp | +0.9% |
Risk and Returns: SSLY 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.
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
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
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
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 9/27/2024
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
SSLY
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
Some content on this tab for Individual & Professional subscribers only. Start your FREE trial
ETF Research Center Rating
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.
ALTAR Score™
SSLY
6.8%
Cat. Avg
5.6%
ALTAR Score™ Calculation
Category Overview
There are 977 funds in the US Equity category, with an average ALTAR Score™
of 5.6% and a standard deviation of
2.6%. SSLY's ALTAR Score™ is approximately
0.5 standard deviations
above
the category average. This places SSLY in the 68th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
SSLYSELL
U/W
HOLD
O/W
BUY
Expense Analysis
Peer Group | Rules-Based US Equity ETFs |
# of ETFs | 609 |
Avg. Expense Ratio | 46.6 bp |
Std. Deviation | 32.9 bp |
SSLY (40 bp) Percentile rank | 42 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
---|---|---|---|
SSLY | 40.0 | 21.7 | 61.7 |
Peer Avg. | 30.3 | 14.0 | 44.3 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .