6 min readBy Ron Koren ETF Insider
How does the EPV ETF work?
The EPV ETF is a specialized investment fund that focuses on a specific sector. This exchange-traded fund offers investors exposure to a range of companies in this sector.
The SPDR S&P 500 Fossil Fuel Free ETF (SPYX) is managed by State Street Global Advisors (SSGA), one of the largest and most reputable asset management firms in the world. SSGA is known for its commitment to responsible investing and sustainability. Established in 1978, SSGA has a long history of managing ETFs and other investment products, offering investors a wide range of options to meet their financial goals. SPYX, designed to track the S&P 500 Fossil Fuel Free Index, is a testament to SSGA's dedication to providing environmentally-conscious investment opportunities. By employing a sampling strategy and excluding companies with fossil fuel reserves, SSGA demonstrates its commitment to promoting a greener and more sustainable approach to investing.
While the SPDR SSGA Gender Diversity Index ETF (SPYX) primarily focuses on promoting gender diversity among its holdings, it also has a dividend distribution component. Dividends for SPYX are typically distributed on a quarterly basis and are influenced by the dividend policies and performance of the companies within its portfolio. Investors in SPYX may appreciate both the potential for gender diversity benefits and the periodic income from dividend returns.
Tracking the S&P 500 Fossil Fuel Free Index is at the core of the SPDR SSGA Gender Diversity Index ETF's (SPYX) strategy. SPYX employs a sampling strategy, allowing flexibility in selecting a subset of the securities from the index while maintaining similar risk and return characteristics. The fund typically invests at least 80% of its assets in the index's securities, which include companies that do not own fossil fuel reserves, aligning with its fossil fuel-free investment objective. This ETF may also include other equity securities, cash equivalents, money market instruments, and futures contracts in its portfolio to seek performance corresponding to the index. SPYX's focus on gender diversity and environmental sustainability makes it an appealing choice for socially responsible investors seeking exposure to the S&P 500 without fossil fuel exposure.
The correlation aspect of the SPDR S&P 500 Fossil Fuel Free ETF (SPYX) primarily revolves around its tracking of the S&P 500 Fossil Fuel Free Index. This ETF aims to provide investors with exposure to companies that do not own fossil fuel reserves, thus potentially displaying different correlations compared to traditional S&P 500 ETFs. While it maintains a strong correlation with the broader U.S. equity market due to its large-cap focus, SPYX's unique screening criteria may lead to variations in its correlation with certain sectors or industries. To explore these correlations in-depth and gain valuable insights into its investment potential, investors can utilize ETF Insider's web app, which offers a user-friendly visualization tool to assess correlations and overlaps with other U.S. ETFs.
The SPYX ETF focuses on tracking the S&P 500 Fossil Fuel Free Index, which consists of companies that do not own fossil fuel reserves. This index excludes thermal coal, non-metallurgical coal, conventional and unconventional oil, natural gas, shale gas, and undisclosed oil and gas reserves. The ETF primarily invests in the technology and financial sectors, aiming to provide investors with exposure to environmentally responsible companies while avoiding those with significant ties to fossil fuels. As of August 31, 2022, the SPYX ETF comprised a diversified portfolio of companies within these sectors.
The SPDR S&P 500 Fossil Fuel Free ETF (SPYX) aims to track the performance of the S&P 500 Fossil Fuel Free Index. This ETF employs a sampling strategy, which means it may not purchase all of the securities in the Index but strives to hold a portfolio with similar risk and return characteristics. It primarily invests in companies within the S&P 500 Index that are considered fossil fuel free, meaning they do not own fossil fuel reserves. As of August 31, 2022, the fund had a significant portion of its holdings in the technology and financial sectors, although this allocation can change over time. To gain deeper insights into SPYX's exposure and explore correlations and overlaps with other ETFs, consider using ETF Insider's web app and visualization tool.
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