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This ETF offers a unique way to gain "dynamic" exposure to large cap U.S. stocks, an asset class that is at the core of many long-term, buy-and-hold portfolios. VSPY is based on the idea that observed levels of market volatility can be useful as predictors of equity market performance--specifically that when volatility is high stocks tend to perform poorly and vice versa. As such, this ETF shifts exposure between the related equity index (in this case, the S&P 500) and cash depending on how volatile markets have been recently. The allocation is rules-based in nature, meaning the the allocation decisions are dependent on an underlying quantitative methodology and not a fund manager. For investors who believe that volatility is an effective gauge of short-term stock market performance, VSPY might be useful as a tool for adding exposure to risk when volatility is low and scaling back when volatility spikes, thereby eliminating some downside risk. This ETF could be considered as an alternative to SPY, IVV, or other products focusing on large cap U.S>. stocks. It should be noted that VSPY has the potential to deliver leveraged exposure of greater than 100% long in certain environments, so investors wishing to avoid that might want to steer clear.
The adjacent table gives investors an individual Realtime Rating for VSPY on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETFdb Pro members, shows the ETF in the Large Cap Blend Equities with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETFdb Pro. To view information on how the ETFdb Realtime Ratings work, click here.View the Category Report
The following tables and charts contain in-depth metrics for this ETF and compare it to similar peer ETFs within its ETFdb Category.
This ETF is currently available for commission free trading on the following platforms: (Charles Schwab)
There are 15 other ETFs in the Large Cap Blend Equities ETFdb Category that are also eligible for commission free trading:
This section shows how this ETF has performed relative to its peer group ETFdb Category.
The following charts can be customized to display historical performance in a number of different formats, including line charts, bar charts, and candlesticks. Time periods can be adjusted to increase or decrease the period shown, ranging from five minutes to several months.
The following chart also includes the option to compare the performance of VSPY relative to other ETFs and benchmarks or to include indicators such as Bollinger Bands, relative strength, and moving averages.
This section shows how the volatility of this ETF compares to the peer group ETFdb Category.
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