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SPDR S&P 600 Small Cap ETF (based on S&P SmallCap 600 Index--symbol SML)

SLY
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Nov 08 2005
Expense Ratio
0.15%
Type
US Equities
Fund Owner
State Street (SPDR)
Volume (1m avg. daily)
$8,418,233
AUM
$1,734,273,093
Associated Index
S&P SmallCap 600 Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus

Top 10 Holdings

RMBS
Rambus Inc.
0.73%
SPSC
SPS Commerce Inc.
0.65%
ACLS
Axcelis Technologies Inc
0.60%
FIX
Comfort Systems USA, Inc.
0.60%
ONTO
Onto Innovation Inc.
0.59%
ELF
e.l.f. Beauty Inc
0.57%
AIT
Applied Industrial Technologies Inc.
0.55%
ENSG
Ensign Group Inc
0.55%
ATI
ATI Inc
0.54%
ABG
Asbury Automotive Group Inc
0.54%
Invest with SLY

What is SLY?

The SPDR S&P 600 Small Cap ETF before expenses seeks to closely match the returns and characteristics of the S&P Small Cap 600 Index (index ticker: SML). Our approach is designed to provide portfolios with low portfolio turnover accurate tracking and lower costs.

ETFs related toSLY

ETFs correlated to SLY include IJR, SPSM, VIOO

SLY
SPDR Series Trust - SPDR S&P 600 Small Cap ETF
IJR
BlackRock Institutional Trust Company N.A. - iShares Core S&P Small-Cap ETF
SPSM
SSgA Active Trust - SPDR Portfolio S&P 600 Small Cap ETF
VIOO
Vanguard Group, Inc. - Vanguard S&P Small-Cap 600 ETF
DFAS
Dimensional ETF Trust - Dimensional U.S. Small Cap 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
VIOV
Vanguard Group, Inc. - Vanguard S&P Small-Cap 600 Value ETF
GSSC
Goldman Sachs ETF Trust - Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF
IJT
BlackRock Institutional Trust Company N.A. - iShares 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 toSLY

#BORING

The Not Boring: Rising Rates with Vol Switch

Category

Community

Risk Rating

Aggressive

#SPYMIN

SPY minimum drawdown

Category

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Risk Rating

Aggressive

Create your own algorithmic trading strategy with SLY using Composer

FAQ

SLY is a US Equities ETF. The SPDR S&P 600 Small Cap ETF before expenses seeks to closely match the returns and characteristics of the S&P Small Cap 600 Index (index ticker: SML). Our approach is designed to provide portfolios with low portfolio turnover accurate tracking and lower costs.

SLY tracks the S&P SmallCap 600 Index.

No, SLY 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, SLY 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 SLY is 0.0675%. This is the percent change in the value of SLY over the most recent 1-month period. The 3-month return on SLY is 0.0316%. This is the percent change in the value of SLY over the most recent 3-month period.

The standard deviation of SLY for the past year is 0.2425%. 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 SLY include SDD, SAA, and MDY.

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

ETFs that are inversely correlated to SLY include SBB, TZA, and RWM.

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.