Syntax Stratified SmallCap ETF
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- Description
- Performance
- Comps
Fundamentals
Valuation
Rating
SSLY tracks an index that holds all constituents of the S&P 600 Index, reweighted to diversify related business risk. |
Category | US Equities |
Fund Sponsor | Syntax Advisors |
Website | www.syntaxadvisors.com |
Inception date | May 28, 2020 |
Assets (mns) | $19 |
Currency | USD |
Expense ratio | 30 bp |
Distributions | Annually |
Regulation | Open-Ended Fund |
Custodian | |
Weighting | Tiered |
Index replication | |
Uses derivatives | No |
Options available | No |
No. of constituents | 602 |
Wgt avg mkt cap (mns) | $1,635 |
Large cap (>$10bn) | 0.2% |
Mid cap ($2-10bn) | 30.3% |
Small cap (<$2bn) | 69.4% |
Developed mkts | 100.0% |
Emerging mkts | 0.0% |
COVETRUS, INC. | 0.7 % |
LIQUIDITY SERVICES INC | 0.7 % |
PETMED EXPRESS INC | 0.6 % |
VASCO DATA SECURITY INTL | 0.6 % |
PLEXUS CORP | 0.6 % |
CLEARWATER PAPER CORP | 0.6 % |
INTER PARFUMS INC | 0.6 % |
SANMINA CORP | 0.6 % |
AMERICAN STATES WATER CO | 0.6 % |
DIEBOLD INC | 0.6 % | Total | 6.0 % |
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UNITED STATES | 94.0 % |
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BERMUDA | 1.0 % |
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IRELAND | 0.5 % |
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PUERTO RICO | 0.4 % |
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CAYMAN ISLANDS | 0.2 % |
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NETHERLANDS | 0.1 % |
HISTORICAL PERFORMANCE 

Custom date range | Compare to | ||
thru |
Year-to-date | 1 year | 5 years | 10 years | Since Incep. |
38.9% | -- | -- | -- | 38.9% |
versus... | Beta | R-squared |
S&P500 | -- | -- |
MSCI EAFE | -- | -- |
MSCI Emg. Mkts. | -- | -- |
Recent close | $46.78 |
30d moving avg. | $43.79 |
Annualized volatility | 0.0% |
Short interest (ETF) | 0.1% |
Relative strength (RSI) | 72 |
Avg. volume (thou.) | 0 |
Turnover | 0.0% |
Bid/Ask (% of price) | 0.38% |
ADV underlying (mns) | $10,078 |
FINDING ALTERNATIVE FUNDS
Below is a list of 99 potential alternatives to the Syntax Stratified SmallCap ETF ETF based on the alternatives' overlap in portfolio holdings with SSLY. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.
Benchmark ticker: | SSLY | Expense: | 30 bp | ALTAR Score™: | 5.0% |
Ticker | Fund Name |
Overlap1 vs SSLY (%) |
Expense ratio (bp) |
Savings vs SSLY (bp) |
ALTAR Score™ (%) |
ALTAR vs SSLY (%) |
EWSC | Invesco S&P Smallcap 600 Equal Weight ETF | 67.3 | 40 | -10 | 5.2 | +0.1 |
SLY | SPDR S&P 600 Small Cap ETF | 59.1 | 15 | 15 | 5.6 | +0.6 |
SPSM | SPDR Portfolio Small Cap ETF | 59.0 | 5 | 25 | 5.7 | +0.7 |
IJR | iShares Core S&P Small Cap ETF | 58.7 | 6 | 24 | 5.7 | +0.6 |
VIOO | Vanguard S&P Small-Cap 600 ETF | 58.4 | 10 | 20 | 5.6 | +0.6 |
RWJ | Invesco S&P SmallCap 600 Revenue ETF | 50.8 | 39 | -9 | 5.5 | +0.5 |
VIOV | Vanguard S&P Small-Cap 600 Value ETF | 50.1 | 15 | 15 | 6.9 | +1.9 |
SLYV | SPDR S&P 600 Small Cap Value ETF | 48.6 | 15 | 15 | 7.0 | +1.9 |
IJS | iShares S&P Small-cap 600 Value ETF | 48.5 | 18 | 12 | 6.8 | +1.8 |
SLYG | SPDR S&P 600 Small Cap Growth ETF | 42.7 | 15 | 15 | 4.5 | -0.5 |
IJT | iShares S&P Small-Cap 600 Growth ETF | 42.2 | 18 | 12 | 4.4 | -0.6 |
VIOG | Vanguard S&P Small-Cap 600 Growth ETF | 41.9 | 16 | 14 | 4.4 | -0.7 |
JPSE | JPMorgan Diversified Return U.S. Small Cap Equity ETF | 33.9 | 29 | 1 | 4.3 | -0.7 |
CSF | VictoryShares US Discovery Enhanced Volatility Weighted Idx | 33.5 | 35 | -5 | 6.0 | +1.0 |
CSA | VictoryShares US Small Cap Volatility Weighted Index ETF | 33.5 | 35 | -5 | 6.0 | +1.0 |
GSSC | Goldman Sachs Activebeta U.S. Small Cap Equity ETF | 33.1 | 20 | 10 | 3.9 | -1.2 |
BBSC | JPMorgan BetaBuilders U.S. Small Cap Equity ETF | 33.0 | 9 | 21 | 3.3 | -1.7 |
OMFS | Invesco Russell 2000 Dynamic Multifactor ETF | 32.6 | 39 | -9 | 4.0 | -1.0 |
TPSC | Timothy Plan US Small Cap Core ETF | 31.9 | 52 | -22 | 5.7 | +0.7 |
PRFZ | Invesco FTSE RAFI US 1500 Small-Mid ETF | 30.6 | 39 | -9 | 3.5 | -1.5 |
VTWO | Vanguard Russell 2000 Index Fund | 30.5 | 10 | 20 | 2.7 | -2.3 |
IWN | iShares Russell 2000 Value ETF | 29.2 | 24 | 6 | 5.1 | +0.0 |
EES | WisdomTree SmallCap Earnings Fund | 29.1 | 38 | -8 | 7.6 | +2.6 |
IWM | iShares Russell 2000 ETF | 28.6 | 19 | 11 | 2.5 | -2.5 |
FNDA | Schwab Fundamental U.S. Small Co. Index ETF | 28.2 | 25 | 5 | 4.8 | -0.2 |
IUSS | Invesco Strategic US Small Company ETF | 27.8 | 23 | 7 | 3.7 | -1.3 |
FYX | First Trust Small Cap Core AlphaDEX Fund | 27.7 | 63 | -33 | 5.5 | +0.5 |
PQSV | PGIM QMA Strategic Alpha Small-Cap Value ETF | 27.1 | 29 | 1 | 4.9 | -0.1 |
PQSG | PGIM QMA Strategic Alpha Small-Cap Growth ETF | 26.4 | 29 | 1 | -0.3 | -5.3 |
VTWV | Vanguard Russell 2000 Value Index Fund | 26.3 | 15 | 15 | 5.2 | +0.2 |
FLQS | Franklin LibertyQ U.S. Small Cap Equity ETF | 26.0 | 35 | -5 | 5.0 | -0.0 |
STSB | iShares Factors US Small Blend Style ETF | 25.8 | 35 | -5 | 3.0 | -2.1 |
ISMD | Inspire Small/Mid Cap Impact ETF | 25.6 | 60 | -30 | 4.3 | -0.7 |
SMLF | iShares Edge MSCI Multifactor USA Small-Cap ETF | 25.4 | 30 | 0 | 6.1 | +1.1 |
CSML | IQ Chaikin U.S. Small Cap ETF | 24.9 | 35 | -5 | 2.8 | -2.2 |
RZG | Invesco S&P Smallcap 600 Pure Growth ETF | 23.5 | 35 | -5 | 3.9 | -1.2 |
RZV | Invesco S&P Smallcap 600 Pure Value ETF | 23.3 | 35 | -5 | 6.9 | +1.9 |
ROSC | Hartford Multifactor Small Cap ETF | 23.3 | 34 | -4 | 6.6 | +1.6 |
RNSC | Small Cap US Equity Select ETF | 22.8 | 60 | -30 | 6.0 | +1.0 |
SMLV | SPDR SSGA US Small Cap Low Volatility Index ETF | 22.5 | 12 | 18 | 6.1 | +1.0 |
DES | WisdomTree U.S. SmallCap Dividend Fund | 22.2 | 38 | -8 | 6.7 | +1.6 |
USVM | VictoryShares USAA MSCI USA Small Cap Value Momentum ETF | 22.2 | 24 | 6 | 5.0 | -0.1 |
XSMO | Invesco S&P SmallCap Momentum ETF | 22.0 | 39 | -9 | 3.8 | -1.3 |
SCHA | Schwab U.S. Small-Cap ETF | 22.0 | 4 | 26 | 3.6 | -1.4 |
XSLV | Invesco S&P SmallCap Low Volatility ETF | 21.8 | 25 | 5 | 4.6 | -0.4 |
PSC | Principal U.S. Small Cap Index ETF | 21.1 | 38 | -8 | 4.6 | -0.4 |
AFSM | First Trust Active Factor Small Cap ETF | 20.7 | 77 | -47 | 4.4 | -0.6 |
XSVM | Invesco S&P SmallCap Value with Momentum ETF | 20.5 | 39 | -9 | 7.0 | +2.0 |
FYC | First Trust Small Cap Growth AlphaDEX Fund | 20.2 | 70 | -40 | 1.8 | -3.3 |
IWO | iShares Russell 2000 Growth ETF | 20.1 | 24 | 6 | -0.1 | -5.1 |
AVUV | Avantis U.S. Small Cap Value ETF | 19.5 | 25 | 5 | 6.4 | +1.3 |
VTWG | Vanguard Russell 2000 Growth Index Fund | 18.6 | 15 | 15 | 0.1 | -5.0 |
SQLV | Legg Mason Small-Cap Quality Value | 18.4 | 62 | -32 | 4.1 | -0.9 |
PBSM | Invesco PureBeta MSCI USA Small Cap ETF | 18.1 | 6 | 24 | 4.1 | -1.0 |
CALF | Pacer US Small Cap Cash Cows 100 ETF | 18.0 | 59 | -29 | 9.0 | +4.0 |
XSHQ | Invesco S&P SmallCap Quality ETF | 18.0 | 29 | 1 | 5.3 | +0.3 |
ESML | iShares MSCI USA Small-Cap ESG Optimized ETF | 17.7 | 17 | 13 | 4.1 | -1.0 |
VFQY | Vanguard U.S. Quality Factor ETF | 16.9 | 13 | 17 | 5.3 | +0.3 |
PSCD | Invesco S&P SmallCap Consumer Discretionary ETF | 16.6 | 29 | 1 | 6.7 | +1.7 |
FYT | First Trust Small Cap Value AlphaDEX Fund | 16.2 | 72 | -42 | 8.0 | +3.0 |
PSCT | Invesco S&P SmallCap Information Technology ETF | 16.1 | 29 | 1 | 4.2 | -0.8 |
PSCF | Invesco S&P SmallCap Financials ETF | 16.1 | 29 | 1 | 9.0 | +3.9 |
FSMD | Fidelity Small-Mid Factor ETF | 16.1 | 29 | 1 | 5.3 | +0.3 |
SIXL | 6 Meridian Low Beta Equity Strategy ETF | 16.0 | 84 | -54 | 4.2 | -0.9 |
VFVA | Vanguard U.S. Value Factor ETF | 15.7 | 14 | 16 | 8.5 | +3.5 |
IWC | iShares Micro-Cap ETF | 15.5 | 60 | -30 | -3.3 | -8.3 |
DGRS | WisdomTree US SmallCap Quality Dividend Growth Fund | 15.1 | 38 | -8 | 7.0 | +2.0 |
SIXS | 6 Meridian Small Cap Equity ETF | 15.0 | 97 | -67 | 7.3 | +2.3 |
NUSC | Nuveen ESG Small-Cap ETF | 14.2 | 40 | -10 | 4.0 | -1.0 |
PSCH | Invesco S&P SmallCap Health Care ETF | 14.1 | 29 | 1 | 2.8 | -2.2 |
VBR | Vanguard Small Cap Value Index Fund | 13.9 | 7 | 23 | 6.4 | +1.4 |
VFMF | Vanguard U.S. Multifactor ETF | 13.5 | 19 | 11 | 6.2 | +1.2 |
VB | Vanguard Small-Cap ETF | 12.3 | 5 | 25 | 4.5 | -0.6 |
SMMV | iShares Edge MSCI Min Vol USA Small-Cap ETF | 12.2 | 20 | 10 | 3.7 | -1.3 |
VFLQ | Vanguard U.S. Liquidity Factor ETF | 12.2 | 14 | 16 | 3.5 | -1.6 |
XSHD | Invesco S&P SmallCap High Dividend Low Volatility ETF | 11.9 | 30 | 0 | 7.3 | +2.3 |
PSCI | Invesco S&P SmallCap Industrials ETF | 11.4 | 29 | 1 | 5.0 | -0.0 |
BKSE | BNY Mellon US Small Cap Core Equity ETF | 11.1 | 4 | 26 | 4.7 | -0.3 |
VXF | Vanguard Extended Market Index Fund | 10.8 | 6 | 24 | 2.5 | -2.5 |
HSMV | First Trust Horizon Managed Volatility Small/Mid ETF | 10.7 | 80 | -50 | 4.7 | -0.3 |
FAD | First Trust Multi Cap Growth AlphaDEX Fund | 10.4 | 66 | -36 | 1.8 | -3.2 |
BFOR | Barron's 400 ETF | 10.0 | 65 | -35 | 5.6 | +0.6 |
EZM | WisdomTree U.S. MidCap Earnings Fund | 9.6 | 38 | -8 | 7.6 | +2.6 |
JSML | Janus Henderson Small Cap Growth Alpha ETF | 9.3 | 30 | 0 | 5.9 | +0.9 |
PSM | Principal U.S. Small-MidCap Multi-Factor Core Index ETF | 9.1 | 20 | 10 | 7.1 | +2.1 |
FAB | First Trust Multi Cap Value AlphaDEX Fund | 9.1 | 71 | -41 | 7.5 | +2.5 |
VUSE | Vident Core US Equity Fund | 8.9 | 48 | -18 | 7.4 | +2.4 |
JKJ | iShares Morningstar Small-Cap ETF | 8.9 | 25 | 5 | 5.1 | +0.1 |
VBK | Vanguard Small-Cap Growth Index Fund | 8.8 | 7 | 23 | 1.9 | -3.1 |
DWAS | Invesco DWA SmallCap Momentum ETF | 8.6 | 60 | -30 | -1.3 | -6.3 |
VFMO | Vanguard U.S. Momentum Factor ETF | 8.4 | 13 | 17 | 1.4 | -3.6 |
JKK | iShares Morningstar Small-Cap Growth ETF | 7.7 | 30 | 0 | 0.6 | -4.4 |
TUSA | First Trust Total US Market AlphaDEX ETF | 7.7 | 70 | -40 | 4.8 | -0.2 |
PSCU | Invesco S&P SmallCap Utilities ETF | 7.6 | 29 | 1 | 3.5 | -1.6 |
JSMD | Janus Henderson Small/Mid Cap Growth Alpha ETF | 7.3 | 30 | 0 | 5.0 | -0.1 |
CSB | VictoryShares US Small Cap High Dividend Volatility Wtd Idx | 7.3 | 35 | -5 | 7.1 | +2.1 |
VAMO | Cambria Value & Momentum ETF | 7.2 | 63 | -33 | 5.4 | +0.4 |
DEEP | Roundhill Acquirers Deep Value ETF | 6.7 | 80 | -50 | 7.8 | +2.8 |
SMDV | ProShares Russell 2000 Dividend Growers ETF | 6.6 | 41 | -11 | 5.4 | +0.4 |
1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.
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RESULTS & ESTIMATES
2015 | 2016 | 2017 | 2018 | 2019 | 2020E | 2021E | |
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Sales per share | ** | ** | ** | ** | ** | ** | ** |
Earnings per share | ** | ** | ** | ** | ** | ** | ** |
Dividends per share ![]() |
** | ** | ** | ** | ** | ** | ** |
Book value per share | ** | ** | ** | ** | ** | ** | ** |
Sales per share growth | **% | **% | **% | **% | **% | **% | |
EPS growth | **% | **% | **% | **% | **% | **% |
Sales per share growth | **% | **% | **% | **% | **% | **% | |
EPS growth | **% | **% | **% | **% | **% | **% |
OTHER FUNDAMENTAL METRICS
Long term EPS growth est. | **% | Debt-to-equity | **x | |
Asset turnover | **% | Assets-to-equity | **x |
*Six months ago = 100 |
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VALUATION METRICS
2019 | 2020E | 2021E | |
---|---|---|---|
Price-to-sales | ** | ** | ** |
Price-to-earnings | ** | ** | ** |
Price-to-cash flow | ** | ** | ** |
Price-to-growth | ** | ** | ** |
Price-to-book value | ** | ** | ** |
Yield | ** | ** | ** |
Historical valuation trends
Forward multiple: |
Syntax Stratified SmallCap ETF | |||
Relative to: |
S&P500 | MSCI EAFE | MSCI Emg. Mkts. | Other ETF: |
NEUTRAL |
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds. |
ALTAR Score™
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MODERN PORTFOLIO THEORY
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CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
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