The Syntax Stratified Large Cap (SSPY) ETF outperforms the S&P 500 Equal Weight Index in Q3, despite a challenging quarter against the S&P 500 Index. The Fed confirms that “the Committee is firmly committed to returning inflation to its 2% objective.
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![Syntax Stratified: The Difference is Weighting™ Q3 2023 Commentary](/assets/first-article-image-6638dcc16f53a84a6fc407840fcf7407e4ccd48cb6add2e7f73d18c69c32317a.png)
![Syntax Stratified LargeCap: Q3 Quarterly Return & Attribution Analysis](/assets/second-article-image-05ff8c54e753411d2c7ebdd2a2aa5e829164e5ff7a16b9dcc4828121c473e176.png)
SSPY returned -4.01% in Q3 2023 versus the S&P 500 Index that returned -3.27%. SSPY’s Stratified Weight seeks to diversify across sectors and sub-sectors to prevent one sector, industry, or company from becoming overconcentrated in the portfolio.
![Syntax Stratified: The Difference is Weighting™ Q2 2023 Commentary](/assets/third-article-image-1d4ef0bb47a065569701d42e0b03fb34d18a13b9b0ef2f895f0158747a4e7241.png)
Q2 was a difficult quarter for equities causing a performance differential from the Syntax Stratified Large Cap (SSPY) ETF against the tech-heavy S&P 500 Index. Stratified Weight seeks to diversify across sectors and sub-sectors to prevent one sector, industry, or company from becoming overconcentrated in the portfolio.
![Syntax Stratified LargeCap: Q2 Quarterly Return & Attribution Analysis](/assets/fourth-article-image-4cec390ececd86f46cb9138bc7e5cdcb9156e9581d74d351d10b7cccc9d5132c.png)
SSPY returned 3.76% in Q2 2023 versus the S&P 500 Index that returned 8.74%. SSPY’s Stratified Weight seeks to diversify across sectors and sub-sectors to prevent one sector, industry, or company from becoming overconcentrated in the portfolio.
SSPY returned 3.00% in Q1 2023 versus the S&P 500 Index that returned 7.50%. SSPY’s Stratified Weight seeks to diversify across sectors and sub-sectors to prevent one sector, industry, or company from becoming overconcentrated in the portfolio.
The Syntax Stratified Large Cap (SSPY) ETF outperforms the S&P 500 Equal Weight Index, with a challenging quarter against the tech-heavy S&P 500 Index. Apple and Microsoft’s large concentration in the S&P 500 Index drive its outperformance and pose a challenge to investors looking for diversified exposure to the U.S. equity market.
The Syntax Stratified Large Cap (SSPY) ETF continues to outperform the S&P 500 Index. Market volatility rewarded diversified ETFs in 2022.