ETF Factor Report

Data as of market close on 11/27/2020.

Validea's ETF reports provide factor exposures and other fundamental data for US equity ETFs.
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SPDR S&P 500 ETF Trust (SPY)

Total Assets: $272,553,100,000 Expense Ratio: 0.09% Active Share vs. S&P 500: 0.00% Active Share vs. Russell 2000: 99.72% Fee for Active Share: 0.00% Fee for Multi-Factor Exposure: 0.11% Multi-Factor Rank: 82/100
Issuer:State Street Validea Category: Large-Cap Multi-Factor Number of Holdings: 506 Median Mkt Cap (mil): $26,185 Average Mkt Cap (mil): $452,711 Implied Liquidity: $2,693,151,000 Concentration: 31/100
The investment seeks to provide investment results that before expenses correspond generally to the price and yield performance of the S&P 500 Index. The Trust seeks to achieve its investment objective by holding a portfolio of the common stocks that are included in the index (the Portfolio ) with the weight of each stock in the Portfolio substantially corresponding to the weight of such stock in the index.

Factor Profile

SPY's exposure to the major factors (100 is highest).

SPY Sector Exposure

Largest overweights and underweights relative to the S&P 500

SPY Industry Exposure

Largest overweights and underweights relative to the S&P 500

Comparable ETFs

ETFs with the closest factor profiles to SPY.

(click ticker to access ETF report and name to compare to current ETF)

Ticker Ticker
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SPLG PTLC
HSPX IVV
Performance Disclaimer: Returns presented on Validea.com are model returns and do not represent actual trading. As a result, they do not incorporate any commissions or other trading costs or fees. Model portfolios with inception dates on or after 12/30/2005 include a combination of back tested and live model returns. The back-tested performance results shown are hypothetical and are not the result of real-time management of actual accounts. The back-testing of performance differs from actual account performance because the investment strategy may be adjusted at any time, for any reason and can continue to be changed until desired or better performance results are achieved. Back-tested returns are presented to provide general information regarding how the underlying strategy behind the portfolio performed in our historical testing. A back-tested strategy has the benefit of hindsight and the results do not reflect the impact that material economic or market factors may have had on advisor's decision-making if actual client assets were being managed using this approach.

Optimal portfolios presented on Validea.com represent the rebalancing period that has led to the best historical performance for each of our equity models. Each optimal portfolio was determined after the fact with performance information that was not available at portfolio inception. As a result, an investor could not have invested in the optimal portfolio since its inception. Optimal portfolios are presented to allow investors to quickly determine the portfolio size and rebalancing period that has performed best for each of our models in our historical testing.

Both the model portfolio and benchmark returns presented for all equity portfolios on Validea.com are not inclusive of dividends. Returns for our ETF portfolios and trend following system, and the benchmarks they are compared to, are inclusive of dividends. The S&P 500 is presented as a benchmark because it is the most widely followed benchmark of the overall US market and is most often used by investors for return comparison purposes. As with any investment strategy, there is potential for profit as well as the possibility of loss and investors may incur a loss despite a past history of gains. Past performance does not guarantee future results. Results will vary with economic and market conditions.