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ETFs

SPDR Portfolio S&P 600 Small Cap ETF

SPSM
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jul 08 2013
Expense Ratio
0.03%
Type
US Equities
Fund Owner
State Street (SPDR)
Volume (1m avg. daily)
$39,199,070
AUM
$7,746,481,958
Associated Index
S&P SmallCap 600 Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

CIVI
Civitas Resources Inc - Ordinary Shares New
0.67%
SPSC
SPS Commerce Inc.
0.63%
FIX
Comfort Systems USA, Inc.
0.62%
ONTO
Onto Innovation Inc.
0.61%
AIT
Applied Industrial Technologies Inc.
0.61%
RMBS
Rambus Inc.
0.59%
ELF
e.l.f. Beauty Inc
0.58%
FN
Fabrinet
0.57%
ATI
ATI Inc
0.55%
ENSG
Ensign Group Inc
0.53%
Invest with SPSM

What is SPSM?

The SPDR Portfolio S&P 600 ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P SmallCap 600 Index (the "Index"). The S&P Small Cap 600 Index measures the performance of the small-capitalization sector in the U.S. equity market. The Index is float-adjusted and market capitalization weighted.

ETFs related toSPSM

ETFs correlated to SPSM include IJR, VIOO, DFAS

SPSM
SPDR Series Trust - SPDR Portfolio S&P 600 Small Cap ETF
IJR
BlackRock Institutional Trust Company N.A. - iShares Core S&P Small-Cap ETF
VIOO
Vanguard Group, Inc. - Vanguard S&P Small-Cap 600 ETF
DFAS
Dimensional ETF Trust - Dimensional U.S. Small Cap ETF
IJT
BlackRock Institutional Trust Company N.A. - iShares S&P Small-Cap 600 Growth ETF
IJS
BlackRock Institutional Trust Company N.A. - iShares S&P Small-Cap 600 Value ETF
FNDA
Schwab Strategic Trust - Schwab Fundamental U.S. Small Company Index ETF
SLYV
SPDR Series Trust - SPDR S&P 600 Small Cap Value ETF
SLYG
SPDR Series Trust - SPDR S&P 600 Small Cap Growth ETF
GSSC
Goldman Sachs ETF Trust - Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF
VIOG
Vanguard Group, Inc. - Vanguard S&P Small-Cap 600 Growth 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 toSPSM

#BTD

Buy the Dips: Nasdaq 100

Category

Featured, Technology Focus

Risk Rating

Aggressive

#DSS

Diversify with Sin Stocks

Category

Grow Your Portfolio, Diversification

Risk Rating

Aggressive

Create your own algorithmic trading strategy with SPSM using Composer

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Jul 25, 2024 • by Piero Cingari
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The Famous SPY ETF Is Getting A Low-Cost Stablemate

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FAQ

SPSM is a US Equities ETF. The SPDR Portfolio S&P 600 ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P SmallCap 600 Index (the "Index"). The S&P Small Cap 600 Index measures the performance of the small-capitalization sector in the U.S. equity market. The Index is float-adjusted and market capitalization weighted.

SPSM tracks the S&P SmallCap 600 Index.

No, SPSM 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, SPSM 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 SPSM is -0.0343%. This is the percent change in the value of SPSM over the most recent 1-month period. The 3-month return on SPSM is -0.0142%. This is the percent change in the value of SPSM over the most recent 3-month period.

The standard deviation of SPSM for the past year is 0.2149%. 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 SPSM include SBB, SAA, and SDD.

ETFs correlated to SPSM include IJR, VIOO, and DFAS.

ETFs that are inversely correlated to SPSM 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.