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ETFs

Syntax Stratified MidCap ETF

SMDY
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jan 17 2020
Expense Ratio
0.35%
Type
US Equities
Fund Owner
Syntax
Volume (1m avg. daily)
$25,023
AUM
$10,118,018
Associated Index
Syntax Stratified MidCap Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

COTY
Coty Inc - Ordinary Shares - Class A
1.92%
SMG
Scotts Miracle-Gro Company - Ordinary Shares - Class A
1.74%
FYBR
Frontier Communications Parent Inc
0.85%
ZD
Ziff Davis Inc
0.83%
IRDM
Iridium Communications Inc
0.83%
CABO
Cable One Inc
0.82%
NCR
NCR Corp.
0.80%
GDDY
Godaddy Inc - Ordinary Shares - Class A
0.80%
LNW
Light & Wonder Inc
0.78%
NBIX
Neurocrine Biosciences, Inc.
0.73%
Invest with SMDY

What is SMDY?

The Syntax Stratified MidCap ETF (the Fund ) seeks to provide investment results that, before expenses, correspond generally to the total return performance of publicly traded equity securities of companies comprising the Syntax Stratified MidCap Index (the Index ). The Index, which was created by Syntax LLC, an affiliate of the Fund s investment adviser, is the stratified-weight version of the widely used S&P MidCap 400 Index and holds the same constituents as the S&P MidCap 400 Index. The S&P MidCap 400 Index may include some constituent stocks of companies that may be considered small, medium and large capitalization companies. Stratified-weight refers to the weighting methodology of the Index and is the method by which Syntax diversifies its indices by hierarchically grouping and distributing the weight of the Index constituent companies that share Related Business Risks. Related Business Risk occurs when two or more companies earnings are affected by the same fundamental drivers (e.g. the product/services the company makes/provides, the customers or end users the company sells to, or the inputs that it utilizes to make its product or service). The process of identifying, grouping, and diversifying across related business risk is called stratification .

ETFs related toSMDY

ETFs correlated to SMDY include BBMC, SPMD, MDY

SMDY
Syntax ETF Trust - Syntax Stratified MidCap ETF
BBMC
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders U.S. Mid Cap Equity ETF
SPMD
SPDR Series Trust - SPDR Portfolio S&P 400 Mid Cap ETF
MDY
State Street Global Advisors - S&P MidCap 400 ETF
IJH
BlackRock Institutional Trust Company N.A. - iShares Core S&P Mid-Cap ETF
MIDU
Direxion Shares ETF Trust - Direxion Daily Mid Cap Bull 3x Shares
VB
Vanguard Group, Inc. - Vanguard Small Cap ETF
IVOO
Vanguard Group, Inc. - Vanguard S&P Mid-Cap 400 ETF
SMMD
BlackRock Institutional Trust Company N.A. - iShares Russell 2500 ETF
GRPM
Invesco Capital Management LLC - Invesco S&P MidCap 400 GARP ETF
SCHM
Schwab Strategic Trust - Schwab U.S. Mid-Cap ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toSMDY

#PTAC

Pick the Trending Asset Class

Category

Momentum, Tactical Asset Allocation, Be Risk Aware, Ride the Momentum

Risk Rating

Moderate

#EMH

Emerging Markets with a Bond Hedge

Category

Momentum, Be Risk Aware, Diversification

Risk Rating

Aggressive

Create your own algorithmic trading strategy with SMDY using Composer

FAQ

SMDY is a US Equities ETF. The Syntax Stratified MidCap ETF (the Fund ) seeks to provide investment results that, before expenses, correspond generally to the total return performance of publicly traded equity securities of companies comprising the Syntax Stratified MidCap Index (the Index ). The Index, which was created by Syntax LLC, an affiliate of the Fund s investment adviser, is the stratified-weight version of the widely used S&P MidCap 400 Index and holds the same constituents as the S&P MidCap 400 Index. The S&P MidCap 400 Index may include some constituent stocks of companies that may be considered small, medium and large capitalization companies. Stratified-weight refers to the weighting methodology of the Index and is the method by which Syntax diversifies its indices by hierarchically grouping and distributing the weight of the Index constituent companies that share Related Business Risks. Related Business Risk occurs when two or more companies earnings are affected by the same fundamental drivers (e.g. the product/services the company makes/provides, the customers or end users the company sells to, or the inputs that it utilizes to make its product or service). The process of identifying, grouping, and diversifying across related business risk is called stratification .

SMDY tracks the Syntax Stratified MidCap Index.

No, SMDY is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, SMDY is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on SMDY is -0.0249%. This is the percent change in the value of SMDY over the most recent 1-month period. The 3-month return on SMDY is -0.013%. This is the percent change in the value of SMDY over the most recent 3-month period.

The standard deviation of SMDY for the past year is 0.1998%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to SMDY include IVV, VTI, and IJR.

ETFs correlated to SMDY include BBMC, SPMD, and MDY.

ETFs that are inversely correlated to SMDY include TZA, RWM, and TWM.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.