Seeking AlphaT3·28mo ago
SSPY Stratified LargeCap Index ETF
ETFETF quote, holdings, sector allocation, technicals, and options analytics. Fibonacci levels
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
SSPY
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Key stats
About
Stratified LargeCap Index ETF (SSPY) ETF
No description available.
- Exchange
- ARCX
- Inception
- 2019-01-02
- Has Options
- No
Fund profile
holdings as of Oct 19, 2026third-party datathrough Jun 2026flows, SEC filings
- Expense ratio
- 0.45% prospectus, filed Apr 28, 2026
- Assets
- $127M SEC filing, Jun 30, 2026
- Trailing yield
- 1.20% paid annual
- Average daily volume
- $170K 30 sessions
- Holdings
- 507 top 10 are 9.1%
- Listed
- Jan 2, 2019 NYSE Arca
- Tracking difference
- -0.55 pts vs index, after fees, FY 2025
Cost46
Liquidity8
Scale41
Diversification100
Moves with. US large-cap stocks (79% of its variance, beta 0.95); Small caps over large (8% of its variance, beta 0.18). These factors explain 86% of its daily moves over the last year.
Stated objective. The Stratified LargeCap Index ETF (the Fund) seeks to provide investment results that, before expenses, correspond generally to the total return performance of publicly traded equity securities of companies comprising the Syntax Stratified LargeCap Index (the Index). (from the fund's prospectus)
All 507 holdingsFlow historySimilar fundsOverlap toolAll Large Cap Blend ETFs
Fund flows
through Jun 2026SEC filings- Jun 2026
- $0 latest reported month
- Latest 3 months
- $0 0.0% of assets
- Latest 12 months
- −$13M −10.3% of assets
View as a table
| Month | Net flow |
|---|---|
| Jun 2026 | $0 |
| May 2026 | $0 |
| Apr 2026 | $0 |
| Mar 2026 | $0 |
| Feb 2026 | −$2.3M |
| Jan 2026 | $0 |
| Dec 2025 | $0 |
| Nov 2025 | −$4.3M |
| Oct 2025 | −$6.5M |
| Sep 2025 | $0 |
| Aug 2025 | $0 |
| Jul 2025 | $0 |
Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 24 months ago
Similar funds
| Fund | Overlap | Fee | Assets | 1Y | |
|---|---|---|---|---|---|
| RSPInvesco S&P 500 Equal Weight ETF | 71% | 0.20% | $100.1B | +14.1% | compare |
| SPXDXtrackers S&P 500 Diversified Sector Weight ETF | 63% | 0.09% | $6.8M | +16.2% | compare |
| EUSAiShares MSCI USA Equal Weighted ETF | 62% | 0.09% | $1.9B | +11.7% | compare |
| GSEWGoldman Sachs Equal Weight U.S. Large Cap Equity ETF | 60% | 0.09% | $2.2B | +13.1% | compare |
| SIZEiShares MSCI USA Size Factor ETF | 60% | 0.15% | $432M | +11.4% | compare |
Ranked by how much of the two portfolios is the same securities.
Look-through: what the holdings say
weights as of Oct 19, 2026third-party data- Holdings vs fair value
- +9.6% 41% under, 23% over · 100% covered
- Price / earnings
- 22.4 4% loss-making · 99% covered
- Price / book · sales
- 3.1 · 1.5 revenue growth +7.1%
- Above 200-day average
- 60% 62% above 50-day · by weight
- Short interest
- 4.1% of float, weighted · 3.6 days to cover
- Insider buying
- 7% of weight had net insider buying, 90 days; 54% net selling
- 13F holders
- +2.4% change in shares held by institutions, latest quarter
- Reporting earnings
- 34.8% of weight in 7 days; 65.0% in 14
Holdings reporting in the next 14 days · weighted implied move this week 2.69%
Each figure is the fund's holdings weighted by position size, using our data on those stocks, and covers only the share of the stock holdings stated. Positive fair value means the holdings trade below our estimate.
What changed in the portfolio
Mar 31, 2026 → Jun 30, 2026| Action | Holding | Weight before | Weight after | Shares vs flows |
|---|---|---|---|---|
| Exit | CPBThe Campbells Co. | 0.27% | — | — |
| Exit | CAGConagra Brands Inc | 0.25% | — | — |
| New position | FLEXFLEX LTD | — | 0.25% | — |
| Exit | EPAMEPAM Systems Inc. | 0.17% | — | — |
| Increase | SYYSYSCO CORP | 0.65% | 0.82% | +18.0% |
| Exit | CTRACoterra Energy Inc | 0.14% | — | — |
| Exit | POOLPool Corporation | 0.13% | — | — |
| New position | MRVLMARVELL TECHNOLOGY INC | — | 0.12% | — |
| Increase | MRNAMODERNA INC | 0.27% | 0.39% | +15.1% |
| New position | CASYCASEY'S GENERAL STORES INC | — | 0.12% | — |
Under the hood
fiscal year to Dec 31, 2025SEC census- Authorized participants
- 3 active of 3 with agreements; top 3 did 100%
- Created · redeemed
- $31M · $15M over the fiscal year
- Redemptions in kind
- 100% creations 100% in kind
- Creation unit
- 10,000 shares
- Securities lending
- not authorized
- Return vs index
- -0.55 pts after fees; -0.10 before; daily s.d. 1.35
From the fund's annual census filing with the SEC. In-kind redemptions are what let an ETF shed appreciated securities without realising gains.
ETF Profile
holdings as of 2026-06-30
Holdings
507
AUM
$127.0M
Provider
Nport
Inception
2019-01-02
Exchange
ARCX
Data As Of
2026-06-30
Expense Ratio
0.45%
Dividend Yield
1.20%
Distribution
Annual
Recent distributions
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2025-12-30 | 2025-12-31 | $1.2022 | CD |
| 2024-12-30 | 2024-12-31 | $0.2744 | CD |
| 2023-12-18 | 2023-12-21 | $1.2486 | CD |
| 2022-12-19 | 2022-12-22 | $1.0772 | CD |
| 2021-12-20 | 2021-12-23 | $0.7798 | CD |
Asset Allocation
Top Holdings
top 50 of 507 holdings
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| COF | CAPITAL ONE FINANCIAL CORP | 1.13% | Equity (common) | US |
| IBM | INTERNATIONAL BUSINESS MACHINES CORP | 1.09% | Equity (common) | US |
| SYF | SYNCHRONY FINANCIAL | 1.07% | Equity (common) | US |
| MSFT | MICROSOFT CORP | 0.99% | Equity (common) | US |
| SYY | SYSCO CORP | 0.82% | Equity (common) | US |
| COST | COSTCO WHOLESALE CORP | 0.74% | Equity (common) | US |
| WMT | WALMART INC | 0.73% | Equity (common) | US |
| TJX | TJX COMPANIES INC (THE) | 0.69% | Equity (common) | US |
| ROST | ROSS STORES INC | 0.69% | Equity (common) | US |
| META | META PLATFORMS INC | 0.69% | Equity (common) | US |
| — | BBH SWEEP VEHICLE | 0.68% | Short-term investment | US |
| KR | KROGER COMPANY (THE) | 0.67% | Equity (common) | US |
| TTWO | TAKE-TWO INTERACTIVE SOFTWARE INC | 0.61% | Equity (common) | US |
| CMG | CHIPOTLE MEXICAN GRILL INC | 0.55% | Equity (common) | US |
| L | LOEWS CORP | 0.54% | Equity (common) | US |
| YUM | YUM! BRANDS INC | 0.54% | Equity (common) | US |
| WMB | WILLIAMS COMPANIES INC (THE) | 0.53% | Equity (common) | US |
| TRGP | TARGA RESOURCES CORP | 0.53% | Equity (common) | US |
| BRK.B | BERKSHIRE HATHAWAY INC | 0.53% | Equity (common) | US |
| UHS | UNIVERSAL HEALTH SERVICES INC | 0.53% | Equity (common) | US |
| EA | ELECTRONIC ARTS INC | 0.52% | Equity (common) | US |
| MSI | MOTOROLA SOLUTIONS INC | 0.52% | Equity (common) | US |
| HCA | HCA HEALTHCARE INC | 0.52% | Equity (common) | US |
| CMCSA | COMCAST CORP | 0.52% | Equity (common) | US |
| KMI | KINDER MORGAN INC | 0.52% | Equity (common) | US |
| AAPL | APPLE INC | 0.52% | Equity (common) | US |
| SBUX | STARBUCKS CORP | 0.51% | Equity (common) | US |
| CHTR | CHARTER COMMUNICATIONS INC | 0.51% | Equity (common) | US |
| DRI | DARDEN RESTAURANTS INC | 0.50% | Equity (common) | US |
| MCD | MCDONALD'S CORP | 0.49% | Equity (common) | US |
| OKE | ONEOK INC | 0.48% | Equity (common) | US |
| XOM | EXXON MOBIL CORP | 0.48% | Equity (common) | US |
| KMB | KIMBERLY CLARK CORP | 0.48% | Equity (common) | US |
| DPZ | DOMINO'S PIZZA INC | 0.47% | Equity (common) | US |
| KVUE | KENVUE INC | 0.47% | Equity (common) | US |
| CVX | CHEVRON CORP | 0.46% | Equity (common) | US |
| CL | COLGATE-PALMOLIVE COMPANY | 0.46% | Equity (common) | US |
| CHD | CHURCH & DWIGHT CO INC | 0.44% | Equity (common) | US |
| CLX | CLOROX COMPANY | 0.44% | Equity (common) | US |
| PG | PROCTER & GAMBLE COMPANY (THE) | 0.44% | Equity (common) | US |
| HUM | HUMANA INC | 0.43% | Equity (common) | US |
| UNH | UNITEDHEALTH GROUP INC | 0.42% | Equity (common) | US |
| CVS | CVS HEALTH CORP | 0.42% | Equity (common) | US |
| CNC | CENTENE CORP | 0.41% | Equity (common) | US |
| TSLA | TESLA INC | 0.40% | Equity (common) | US |
| ELV | ELEVANCE HEALTH INC | 0.40% | Equity (common) | US |
| EL | ESTEE LAUDER COMPANIES INC (THE) | 0.39% | Equity (common) | US |
| HRL | HORMEL FOODS CORP | 0.39% | Equity (common) | US |
| MRNA | MODERNA INC | 0.39% | Equity (common) | US |
| TSN | TYSON FOODS INC | 0.39% | Equity (common) | US |
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | 1.20% | -4.26% | 6.89% | -0.36% | 3.55% | 2.87% | 1.65% |
| Feb | 4.15% | -1.39% | -4.22% | 2.86% | 0.28% | 3.53% | 0.87% |
| Mar | 3.74% | 4.43% | 0.23% | 3.78% | -1.83% | -5.41% | 0.82% |
| Apr | 3.40% | -6.07% | 0.20% | -3.99% | -1.85% | 5.51% | -0.47% |
| May | 1.32% | 0.77% | -3.43% | 3.30% | 3.98% | 2.58% | 1.42% |
| Jun | 0.34% | -8.36% | 6.36% | -0.10% | 3.19% | 1.56% | 0.50% |
| Jul | 0.68% | 6.79% | 3.12% | 4.55% | -0.41% | 0.84% | 2.60% |
| Aug | 2.42% | -2.93% | -2.47% | 3.41% | 4.03% | 1.24% | 0.95% |
| Sep | -3.73% | -8.99% | -4.94% | 1.28% | 1.99% | -3.63% | -3.00% |
| Oct | 3.94% | 7.23% | -2.69% | -1.17% | -1.12% | 4.17%* | 1.73% |
| Nov | -2.89% | 6.36% | 7.92% | 6.84% | 2.66% | -- | 4.18% |
| Dec | 6.23% | -6.40% | 2.89% | -5.71% | -0.43% | -- | -0.68% |
| Total | 22.35% | -13.87% | 9.10% | 14.89% | 14.65% | 13.49% | 10.10% |
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
Volume & Volatility
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
SMA 20: $98.05
SMA 50: $99.11
SMA 200: $94.81
Current: $100.46
EMA 12: $99.05
EMA 26: $98.65
MACD: 0.4031 | Signal: 0.3675
BULLISH
ADX (14): 23.90
WEAK TREND
+DI: 51.27
−DI: 28.28
Momentum Oscillators
RSI (14): 63.71
NEUTRAL
Stoch %K: 93.04
Stoch %D: 89.84
Williams %R: 0.00
Volume & Volatility
BB Upper: $100.55
BB Lower: $95.55
NEUTRAL
OBV: 556,176
Vol SMA 20: 1,963
Vol ROC: -85.18%
ATR: $0.58
True Range: $0.27
HV 20: 8.7%
HV 30: 10.5%
HV 60: 9.9%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-23T00:00:00 – 2026-10-21T00:00:00
AI Analysis
LLM Stock Analysis Report: SSPY
Executive Summary
BULLISH (Confidence Level: 7/10)
Key drivers:
- Bullish MACD signal
- Neutral RSI reading
- Weak trend regime with potential for a reversal
Primary risks:
- Downtrend persistence if price fails to break above SMA 50
- High volatility could lead to whipsaws
Investment thesis: SSPY's recent consolidation phase may be ending, with the possibility of a bounce towards the upper Bollinger Band. However, caution is advised due to the weak trend regime and potential for a reversal.
Recent news sentiment impact: Neutral headlines have not significantly impacted the stock price.
Technical Analysis
Trend Direction: Short-term (1-4 weeks): Consolidation, Medium-term (1-3 months): Weak downtrend, Long-term (3-12 months): Uptrend
Support/Resistance Levels:
- SMA 20: $93.89 (resistance)
- SMA 50: $91.84 (support)
- Upper Bollinger Band: $95.79 (resistance)
Momentum Signals: RSI: Neutral (68.02) - not oversold or overbought MACD: Bullish signal (0.89 / Signal: 0.15 / Histogram: 0.74) - potential buy signal
Volume Analysis: Volume trends and institutional interest signals:
- Weak volume trend (-81.50% Volume Rate of Change)
- Institutional interest indicated by On-Balance Volume (OBV): 580682.90
News & Sentiment Analysis
Recent Headlines Summary: Neutral news headlines have not significantly impacted the stock price.
Sentiment Assessment: Neutral sentiment from recent news articles
Catalyst Identification: No specific catalyst identified, but potential for a breakout above SMA 50
Market Narrative: The neutral news headlines align with the technical analysis, suggesting a consolidation phase may be ending.
Risk & Volatility Assessment
Beta Interpretation: Low risk relative to market (beta = 0.70)
Volatility Regime: Low volatility - stock moves less than market (Stock Volatility = 0.11)
Options Market Signals:
- IV Premium vs HV30: N/A (positive) - implied richer than realized
Downside Protection:
- Support levels: SMA 20 ($93.89), SMA 50 ($91.84)
- Risk management considerations: Set stop-loss at $90.00, position sizing based on volatility
Market Context & Positioning
Sector Performance: SSPY's sector performance is mixed, with some sectors showing strength.
Institutional Activity: Institutional interest indicated by On-Balance Volume (OBV): 580682.90
Correlation Analysis: Correlation with the market (R-squared interpretation) = 0.77 - high correlation
Relative Valuation: SSPY's relative valuation is neutral within its trading range.
Key Levels & Action Items
Critical Price Levels:
- SMA 20 ($93.89) - resistance
- SMA 50 ($91.84) - support
Breakout/Breakdown Levels:
- Upper Bollinger Band ($95.79) - potential buy signal
- Lower Bollinger Band ($91.99) - potential sell signal
Time-Sensitive Catalysts: No specific catalyst identified, but potential for a breakout above SMA 50.
Risk Management: Set stop-loss at $90.00, position sizing based on volatility.
This comprehensive analysis provides an objective assessment of SSPY's technical and fundamental trends, highlighting the key drivers and primary risks. The report concludes with actionable insights and risk management considerations for investors.
Generated
News
All SSPY news →
Seeking AlphaT3·28mo ago
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SSPY Options Activity & IV Rank
Loading options activity...
Spread Scanner GPU
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score (GPU scanner)
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Wing vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
—
—
pts
EXTREME
ATM — / Wing —
30 DTE / 10d
—
—
pts
EXTREME
ATM — / Wing —
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
Enter a ticker to render the implied volatility surface.
Volatility Smile
Enter a ticker to render the implied volatility smile.
IV Rank (7 DTE)
IV Rank (30 DTE)
Straddle Price (30 DTE)
Beta Analysis
Risk Metrics
Beta: 0.6042
Alpha: 5.74%
Correlation: 0.7042
R-Squared: 49.6%
Stock Volatility: 10.9%
Market Volatility: 12.7%
Analysis Details
Benchmark: SPY
Data Points: 250
Period: 252 trading days
Data Points: 250
Period: 252 trading days
Interpretation:
Low volatility - stock moves less than market
Low volatility - stock moves less than market
Beta & Alpha Over Time
SSPY Institutional Ownership (13F)
Latest filings — 2026-09-30Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
| # | Filer | Notional Value | % of Total | Period |
|---|
| # | Filer | Notional Value | % of Total | Period |
|---|
Constituent Performance
Click any bar to view the full quote for that stock.
Constituents
| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
|---|