The S-Network Sector Low Volatility Index has a P/E ratio of 18.83, a price-to-sales ratio of 1.58 and a beta of 0.73, according to ALPS data. The weighted average market value of the index’s constituents is $59.8 billion.
SLOW is not the only new ETF from ALPS to launch today. The ALPS Sector Leaders ETF (NYSEArca: SLDR) debuted today and is a factor-driven ETF with an emphasis on growth and quality. SLDR has a “High Conviction Tilt Towards Quality and Growth: provides a high quality overlay, from which the 5 highest growth securities are selected from each of 9 sectors of the market,” according to ALPS. [New ETF Finds Sector Leaders]
SLOW Index Sector Breakdown
Chart Courtesy: ALPS