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ETFs

SPDR S&P 500 Fossil Fuel Free ETF

SPYX
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Nov 30 2015
Expense Ratio
0.20%
Type
US Equities
Fund Owner
State Street (SPDR)
Volume (1m avg. daily)
$2,705,060
AUM
$1,354,669,956
Associated Index
S&P 500 Fossil Fuel Free Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

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Invest with SPYX

What is SPYX?

The SPDR S&P Fossil Fuel Reserves Free ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P 500 Fossil Fuel Free Index. The SPDR S&P Fossil Fuel Reserves Free ETF is designed to measure the performance of companies in the S&P 500 Index that are fossil fuel free , which are defined as companies that do not own fossil fuel reserves. For purposes of the composition of the Index, fossil fuel reserves are defined as economically and technically recoverable sources of crude oil, natural gas and thermal coal but do not include metallurgical or coking coal, which are used in connection with steel production. The Index is a subset of the S&P 500 Index (the Underlying Index ), which serves as the initial universe of eligible securities for the Index. In constructing the Index, the initial universe is screened in an effort to exclude companies with any ownership of fossil fuel reserves, including for third-party and in-house power generation, as determined by publicly available information, such as annual reports and other company publications.

ETFs related toSPYX

ETFs correlated to SPYX include SPY, UPRO, VOO

SPYX
SPDR Series Trust - SSGA SPDR S&P 500 Fossil Fuel Free ETF
SPY
SSgA Active Trust - SPDR S&P 500 ETF Trust
UPRO
ProShares Trust - ProShares UltraPro S&P 500 ETF 3x Shares
VOO
Vanguard Group, Inc. - Vanguard S&P 500 ETF
SPXL
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bull 3X Shares
SSO
ProShares Trust - ProShares Ultra S&P500 2x Shares
IVV
BlackRock Institutional Trust Company N.A. - iShares Core S&P 500 ETF
VV
Vanguard Group, Inc. - Vanguard Large Cap ETF
SPLG
SPDR Series Trust - SPDR Portfolio S&P 500 ETF
SCHX
Schwab Strategic Trust - Schwab U.S. Large-Cap ETF
MGC
Vanguard Group, Inc. - Vanguard Mega Cap 300 Index 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 toSPYX

#DSS

Diversify with Sin Stocks

Category

Grow Your Portfolio, Diversification

Risk Rating

Aggressive

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with SPYX using Composer

FAQ

SPYX is a US Equities ETF. The SPDR S&P Fossil Fuel Reserves Free ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P 500 Fossil Fuel Free Index. The SPDR S&P Fossil Fuel Reserves Free ETF is designed to measure the performance of companies in the S&P 500 Index that are fossil fuel free , which are defined as companies that do not own fossil fuel reserves. For purposes of the composition of the Index, fossil fuel reserves are defined as economically and technically recoverable sources of crude oil, natural gas and thermal coal but do not include metallurgical or coking coal, which are used in connection with steel production. The Index is a subset of the S&P 500 Index (the Underlying Index ), which serves as the initial universe of eligible securities for the Index. In constructing the Index, the initial universe is screened in an effort to exclude companies with any ownership of fossil fuel reserves, including for third-party and in-house power generation, as determined by publicly available information, such as annual reports and other company publications.

SPYX tracks the S&P 500 Fossil Fuel Free Index.

No, SPYX 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, SPYX 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 SPYX is -0.0095%. This is the percent change in the value of SPYX over the most recent 1-month period. The 3-month return on SPYX is 0.0018%. This is the percent change in the value of SPYX over the most recent 3-month period.

The standard deviation of SPYX for the past year is 0.1736%. 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 SPYX include SPHQ, DSI, and QUAL.

ETFs correlated to SPYX include SPY, UPRO, and VOO.

ETFs that are inversely correlated to SPYX include SDS, SPXS, and SPXU.

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.