About SPYG ETF
STATE STREET SP 500 GROWTH ETF (SPYG) is a solid large-cap growth fund, that holds 300 companies from the S&P 500 Index based on three growth factors: sales growth, the ratio of earnings changes to price, and momentum. SPYG is skewed towards technology and health care and has a 57% exposure, whereas S&P 500 has a 37% exposure to those sectors.
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About the Fund Manager:
State Street was incorporated in 1792, has four decades of experience meeting complex client needs and is the third largest asset manager in the world managing $2.73T. It is the 2nd United States bank on the list of oldest banks in continuous operation. State Street is ranked 14th on the list of largest banks in the United States by assets.
How did we identify this ETF:
A complete pool of 2100+ ETFs are screened on various qualitative and quantitative parameters to evaluate efficiency, tradability and fit. The metrics used were alpha, beta and R-Squared with respect to the segment benchmark and ETF specific metrics such as expense ratio, drawdown, volatility and the overall rating. We evaluate all ETFs and assign a composite score based on our analysis and then select the top ones in a category based on that comprehensive score by the inhouse research / quant analysts team. SPYG has a high volume, with average spreads. However, it charges a low fee and its close tracking outweigh the spread disadvantage. The strategy is rebalanced on a quarterly basis with the rebalancing mechanism being determined by an algorithm that takes into account the overall performance of the strategy so far.