Importantly, SBUS delivers solid performance and exposure to multiple investment factors with superior risk metrics. During the first quarter, the Scientific Beta United States Multi-Beta Multi-Strategy Equal Weight Index slightly outperformed the S&P 500 while being less volatile than that index and the Russell 1000. The Scientific Beta United States Multi-Beta Multi-Strategy Equal Weight Index also had a higher Sharpe Ratio at the end of the first quarter than the S&P 500, according to ETF Securities data.
SBUS also skirts single-stock risk as none of its holdings exceed a weight of 0.77%. Financial services stocks account for about 19.6% of the funds, but sector risk is arguably benign as consumer cyclicals, technology, industrials, healthcare, consumer staples and utilities all garner double-digit sector weights.
Table Courtesy: ETF Securities
ETF Trends editorial team contributed to this post.