SLY(SLY)
AI Look-Through Summary
AI GeneratedThe SLY ETF presents a highly diversified exposure with an aggregate asset under management of $1.6 billion, yet its top ten holdings collectively represent only approximately 5.7% of the total portfolio weight based on the provided data points. This structure indicates that no single security or small group of securities exerts significant influence over the fund's overall performance trajectory, suggesting a broad-based approach rather than a concentrated strategy focused on specific market leaders. The sector allocation further reinforces this lack of concentration, with Industrials leading at 1.2%, followed by Consumer Defensive and Technology each holding just 0.6% weightings. Such a distribution implies that the fund is designed to capture wide-market movements across various industries rather than targeting outperformance in any particular vertical like healthcare or consumer cyclicals.
Geographically and thematically, the available data does not specify regional tilts, meaning investors cannot discern if there is an intentional bias toward domestic versus international markets based solely on these figures. The presence of holdings spanning technology, healthcare, industrials, and consumer sectors suggests a thematic intent to mirror general market breadth rather than pursue specialized niche strategies. Quantitatively, the extremely low weights assigned to individual constituents relative to their sector categories highlight that this instrument likely functions as part of a larger, more complex portfolio or utilizes a sampling method where specific names are held in minute quantities for illustrative purposes within a broader index framework. Ultimately, the fund's characteristics point toward an ultra-diversified vehicle where idiosyncratic risks associated with any single top holding are negligible due to their minimal footprint in the total asset base.
Generated by Qwen-32B from constituent-level data. Not investment advice. Updated: 2026-05-23 19:16:10.963917+00
🔍 Theme Alignment Audit
AI GeneratedPurity: 15/100The thematic alignment between the fund's name, which implies a focus on small-cap stocks, and its actual holdings is minimal. While several top positions like ONTO, ACLS, and ENSG operate in sectors often associated with growth or innovation, their individual weights are negligible at roughly 0.6% each. The portfolio lacks any significant exposure to the traditional industrial or financial sub-sectors typically found in small-cap strategies, instead presenting a fragmented mix where no single holding meaningfully drives the investment thesis. This distribution suggests that while the fund may technically adhere to a size-based mandate, it does not exhibit the concentrated thematic purity one would expect from a vehicle explicitly named for specific market segments.
Sector coherence is further challenged by an unusually broad and shallow allocation across five distinct industries without clear dominance in any single area. The Industrials sector holds only 1.2% of assets split between two companies, while Consumer Defensive and Technology each represent mere fractions of the portfolio. Such a dispersed structure makes it difficult to distinguish this fund from a broadly diversified small-cap index, as there is no singular industry narrative binding the holdings together. With a top-ten concentration of just 6%, the risk profile appears driven more by general market movements than by specific sector dynamics or thematic tailwinds, leaving investors with an exposure that mirrors the wider economy rather than isolating a distinct growth opportunity.
AI analysis of holdings alignment vs fund theme. Not investment advice. Updated: 2026-05-23 02:21:04.671845+00
🏢 Sector Analysis
AI GeneratedThe sector allocation profile of SLY presents a distinctively narrow exposure, with Industrials accounting for the largest single segment at merely 1.2% and all other sectors contributing fractions below one percent each. This extreme lack of diversification across traditional equity categories suggests that the fund's primary investment thesis is not driven by broad market participation or sector rotation strategies within standard industry groups. Instead, the portfolio appears constructed around a highly specific set of holdings where individual stock weights dictate performance more than any macroeconomic view on industrial output or consumer spending trends. The minimal representation in Technology and Healthcare further indicates that factor tilts related to innovation or biotech growth are not central to this vehicle's design.
Concentration risk emerges as the defining characteristic of this allocation, evidenced by a top-10 concentration metric of 6.0% which implies an exceptionally low number of underlying positions relative to typical equity benchmarks. Such a structure inherently amplifies idiosyncratic risk, meaning that the performance of any single holding carries disproportionate weight in determining total returns or losses. The presence of non-standard entities like RMBS alongside specific industrial and defensive stocks reinforces the notion that this fund operates outside conventional sector boundaries, likely targeting niche market segments rather than broad economic themes. Consequently, investors cannot rely on traditional sector-based hedging strategies to mitigate volatility within this portfolio, as the lack of meaningful weight across multiple industries removes the usual dampening effect of diversification.
AI-generated sector analysis from constituent-level data. Not investment advice. Updated: 2026-05-22 18:53:01.960833+00
ETF Look-Through Dashboard
Replaces $249/yr MorningstarPeer through the ETF wrapper to see exactly what you own. Every metric is computed from constituent-level data.
Herfindahl-Hirschman Concentration Index
Morningstar-Style Box
Sector & Cap Explorer
ETF Fundamental Radar
Operational health is mixed, with the bulk of weight in the mid-range (4–6) Piotroski scores.
Piotroski F-Score (Operational Health)
Score 0-9: Measures Profitability, Leverage, and Efficiency
Based on 6% of fund weight with Piotroski data.
Computed by rolling up individual stock Piotroski F-Scores, Altman Z-Scores, and Beneish M-Scores weighted by each constituent's allocation. Data that Vanguard and BlackRock don't surface.
Earnings vs. Price Decomposition
ProprietarySLY is up 0.0% over the last 12 months. The underlying weighted earnings growth of its constituents is +10.6%. Despite earnings growth, valuations have contracted by 10.6% — the market is paying less per dollar of earnings than a year ago.
Earnings growth = weighted average YoY EPS growth of all constituents (capped at ±500% to limit outlier distortion). Based on 6% of fund weight with earnings data. Not investment advice.
Under the Hood — Top 10 Constituents
| # | Ticker | Company | Weight | P/E | F-Score |
|---|---|---|---|---|---|
| 1 | RMBS | Rambus Inc | 0.79% | 69.6x | 6/9 |
| 2 | SPSC | SPS Commerce Inc | 0.64% | 22.6x | 7/9 |
| 3 | ONTO | Onto Innovation Inc | 0.61% | 69.7x | 3/9 |
| 4 | FIX | Comfort Systems USA Inc Industrials | 0.61% | 52.9x | 7/9 |
| 5 | ELF | e.l.f. Beauty Inc Consumer Defensive | 0.60% | 34.9x | 6/9 |
| 6 | ACLS | Axcelis Technologies Inc Technology | 0.59% | 24.1x | 5/9 |
| 7 | ENSG | Ensign Group Inc Healthcare | 0.57% | 34.2x | 6/9 |
| 8 | AIT | Applied Industrial Technologies Inc Industrials | 0.54% | 24.7x | 6/9 |
| 9 | MMSI | Merit Medical Systems Inc | 0.54% | 32.1x | 7/9 |
| 10 | ABG | Asbury Automotive Group Inc Consumer Cyclical | 0.53% | 7.9x | 6/9 |
Historical Holdings Snapshots
Browse how SLY’s holdings have changed across SEC filing dates. Showing top holdings per snapshot.
2026-05-24
10 holdings · 6.0% tracked weight2026-05-23
10 holdings · 6.0% tracked weight2026-05-22
10 holdings · 6.0% tracked weight2026-05-21
10 holdings · 6.0% tracked weight2026-05-20
10 holdings · 6.0% tracked weightSource: SEC filings and fund provider disclosures. Shows last 6 snapshot dates, top 15 holdings per date by weight.
Risk Profile
Sharpe = risk-adjusted return (higher is better). Computed from 1,200+ trading days with 5% risk-free rate.
Price Chart with Moving Averages
What Drove SLY Today?
Daily return attribution — which holdings contributed most (and least) to the fund's move.
Underwater (Drawdown from Peak)
How far below the all-time high the price has been over time. Deeper = more pain for holders.
Rolling 60-Day Beta vs S&P 500 (VOO)
How the ETF's sensitivity to market moves changes over time. β > 1 = more volatile than the market.
Yield & Income
Sector Drift Over Time
How SLY’s sector allocation has shifted across snapshots. Use the slider to travel through time.
Active Conviction Tracker
Shares bought and sold between the latest two data snapshots — reveals what the fund manager is actually doing.
Explore More
Quant metrics computed deterministically from financial statements and price data. Updated: 2023-06-09.
SecuritiesDB is for informational purposes only. Not investment advice.