SPYX
SPDR S&P 500 Fossil Fuel Reserves Free ETFSPYX Fund Description
SPYX follows an S&P 500- based index excluding companies with known fossil fuel reserves
SPYX Factset Analytics Insight
Launched in December 2015, SPYX follows a subset of the S&P 500 index, divesting itself of certain energy-related firms. Companies owning fossil fuel reserves—defined here as crude oil, natural gas and coal—are removed from the S&P 500, and the resulting market- cap weighted roster forms the S&P 500 Fossil Fuel Free Index. Excluding individual sectors or industries from the S&P 500 isn’t new: SPYX launched only a few months after a competitor with a similar strategy—SPXE. SPYX offers a more targeted exclusion (fossil fuel holders) while SPXE simply avoids the entire energy sector. As expected SPYX has some sector tilts due to its “Fossil Free” stance, however the coverage still provides solid US large- caps and slight mid- caps exposure.
SPYX MSCI ESG Analytics Insight
SPDR S&P 500 Fossil Fuel Reserves Free ETF has an MSCI ESG Fund Rating of BBB based on a score of 5.54 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. SPDR S&P 500 Fossil Fuel Reserves Free ETF ranks in the 53th percentile within its peer group and in the 57th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
SPYX MSCI FaCS and Factor Box
MSCI FaCS is a standard method for evaluating and reporting the Factor characteristics of equity portfolios including ETFs. The Factor Box includes 6 Factors that MSCI has identified that historically provided a return premium. On the vertical axis, the Factor Groups, are displayed and the horizontal axis displays the Factor exposure, overweight, underweight or neutral.
SPYX CHARTS AND PERFORMANCE
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SPYX Summary Data
SPYX Portfolio Data
SPYX Portfolio Management
SPYX Tax Exposures
SPYX Fund Structure
SPYX Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of SPYX. SPYX is rated a 5 out of 5.
SPYX Tradability
SPYX Sector/Industry Breakdown
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SPYX TOP 10 HOLDINGS[View All]
SPYX Countries
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SPYX Regions
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SPYX Economic Development
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SPYX Performance Statistics
SPYX MSCI ESG Ratings
SPYX BENCHMARK COMPARISON SUMMARY
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SPYX BENCHMARK COMPARISON MARKET CAP SIZE
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MSCI ESG Research LLC’s ("MSCI ESG") Fund Metrics products (the "Information") provide environmental, social and governance data with respect to underlying securities within more than 24,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted to, nor received approval from, the US SEC or any other regulatory body. None of the Information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided "as is" and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information.