SPYXSPDR S&P 500 Fossil Fuel Reserves Free ETF
SPYX Fund Description
SPYX follows an S&P 500- based index excluding companies with known fossil fuel reserves.
SPYX Factset Analytics Insight
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 and the resulting market- cap weighted roster forms the index. Excluding individual sectors or industries from the S&P 500 isn’t new, and the fund offers a targeted exclusion (fossil fuel holders). Launched in December 2015, the fund has some sector tilts due to its “Fossil Free” stance. However, the coverage still provides solid US large- caps and slight mid- caps exposure. The index is rebalanced quarterly.
SPYX MSCI ESG Analytics Insight
SPDR S&P 500 Fossil Fuel Reserves Free ETF has an MSCI ESG Fund Rating of A based on a score of 6.17 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 46th percentile within its peer group and in the 43th 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 Summary Data
SPYX Portfolio Data
SPYX Index 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 Sector/Industry Breakdown
SPYX Economic Development
SPYX Performance Statistics
SPYX MSCI ESG Ratings
SPYX Benchmark Comparison Summary
SPYX Benchmark Comparison Market Cap Size