SSPX
Janus Henderson U.S. Sustainable Equity ETF
SSPX is an actively-managed portfolio that seeks long-term capital growth by targeting US companies focusing on contributing to a more environmentally sustainable economy.
US
EQUITY
Active
MANAGEMENT STYLE
8.2 M
ASSETS UNDER MGMT
55 bp
EXPENSES
Fund Basics
| Fund sponsor | Janus Henderson |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Sep 08, 2021 |
| Assets (mns) | $8 |
| Expense ratio | 55 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Proprietary |
| Weighting | Proprietary |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| MICROSOFT CORP | 8.1 % |
| NVIDIA CORP | 7.3 % |
| WABTEC CORP | 5.3 % |
| PROGRESSIVE CORP | 4.7 % |
| XYLEM INC | 4.0 % |
| T-MOBILE US, INC. | 4.0 % |
| HUMANA INC | 4.0 % |
| ICON PLC | 3.5 % |
| MASTERCARD INCORPORATED CLASS A | 3.2 % |
| ENCOMPASS HEALTH CORPORATION | 3.1 % |
Constituent Breakdown
| Number of holdings | 41 |
| Herfindahl-Hirschman Index | 355 |
| Wgt avg mkt cap (mns) | $376,734 |
| Large cap (>$10bn) | 95.8% |
| Mid cap ($2-10bn) | 3.4% |
| Small cap (<$2bn) | 0.8% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 88.9 % |
 |
IRELAND | 5.1 % |
 |
SWITZERLAND | 2.7 % |
 |
BRITAIN | 2.7 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 15.4% | 33.3% | 20.1% | -- | -- | -- | 2.7% | Volatility | 14.4% | 14.1% | 16.1% | 21.1% | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.14 | 93% |
| MSCI EAFE | 0.99 | 73% |
| MSCI Emg Mkts | 0.72 | 38% |
Liquidity Measures
| Avg. volume (000) | 1 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.20% |
| ADV of underlying (mns) | $68,665 |
Technical Indicators
| Recent close | $27.44 |
| 30d moving avg. | $27.72 |
| Annualized volatility | 20.5% |
| Relative strength (RSI) | 46 |
| Short interest (ETF) | 0.0% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. SSPX |
Expenses vs. SSPX |
ALTAR Score™ vs. SSPX |
|---|---|---|---|---|
| BKWO | BNY Mellon Women's Opportunities ETF | 26.5% | -5 bp | -0.4% |
| USSG | Xtrackers MSCI USA ESG Leaders Equity ETF | 24.3% | -45 bp | +0.8% |
| SUSL | iShares ESG MSCI USA Leaders ETF | 24.1% | -45 bp | +0.9% |
| DSI | iShares MSCI KLD 400 Social ETF | 24.0% | -30 bp | +0.8% |
| MGK | Vanguard Mega Cap Growth ETF | 23.9% | -48 bp | 0.0% |
| TMFC | Motley Fool 100 Index ETF | 23.7% | -5 bp | -0.6% |
| EGUS | iShares ESG Aware MSCI USA Growth ETF | 23.6% | -37 bp | +0.2% |
| NZUS | SPDR MSCI USA Climate Paris Aligned ETF | 23.5% | -45 bp | +0.2% |
| SNPG | Xtrackers S&P 500 Growth ESG ETF | 23.1% | -40 bp | +0.4% |
| PABU | iShares Paris-Aligned Climate MSCI USA ETF | 23.0% | -45 bp | +0.1% |
Risk and Returns: SSPX 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 11/15/2024
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
SSPX
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
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
ALTAR Score™
SSPX
4.3%
Cat. Avg
5.5%
ALTAR Score™ Calculation
Category Overview
There are 973 funds in the US Equity category, with an average ALTAR Score™
of 5.5% and a standard deviation of
2.4%. SSPX's ALTAR Score™ is approximately
0.5 standard deviations
below
the category average. This places SSPX in the 32nd percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
SSPXSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Active US Equity ETFs |
| # of ETFs | 308 |
| Avg. Expense Ratio | 67.1 bp |
| Std. Deviation | 37 bp |
| SSPX (55 bp) Percentile rank | 39 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| SSPX | 55.0 | 20.1 | 75.1 |
| Peer Avg. | 67.8 | 48.9 | 116.7 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .