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The Xtrackers S&P 500 Scored & Screened ETF is designed to closely match the investment performance of the S&P 500 Scored & Screened Index. Its primary goal is to generally mirror the returns of this underlying benchmark, prior to the deduction of the fund's own fees and operational expenses.
Is SNPE's expense ratio expensive, average, or a steal for its category?
Pro reveals the verdict on a 5-tier spectrum calibrated against ICI 2025 industry averages, with strategy-aware bands so the comparison is meaningful.
In motorsports, fine-tuning and micro-tweaking of an engine can help extract the added performance necessary to win a race. In the case of the Xtrackers S&P 500 Scored & Screened ETF (SNPE), it's addition by subtraction.
Xtrackers S&P 500 Scored & Screened ETF is a passively managed vehicle tracking the S&P 500 Scored & Screened Index. Since its inception in 2019, SNPE has outperformed IVV, mainly owing to the indirect consequences of the ESG screening—its larger exposure to IT and the growth factor. However, in the current conditions, these issues expose SNPE to additional risks, potentially translating into a deeper drawdown than IVV's amid the U.S.-Israel-Iran conflict and soaring oil prices.
Ethic Inc. acquired a new position in shares of Xtrackers S&P 500 Scored and Screened ETF (NYSEARCA:SNPE) during the undefined quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 3,694 shares of the company's stock, valued at approximately $203,000. A number of other institutional investors also
There's a perception that ESG ETFs are less relevant or able to add value than in the past. The reality is that some ESG ETF are not only gathering assets, but are performing well too.
SNPE tracks the performance of the S&P 500 ESG Index. Its expense ratio is low at 0.10% and the ETF has $1.66 billion in assets under management. However, its ESG screens are pretty loose, and SNPE overweights Energy giants like Exxon Mobil and Chevron. Ironically, this composition helped it outperform the S&P 500 Index since its inception. I view SNPE as S&P 500 Index fund with a slight growth tilt. Once you stop treating it as an ESG fund, you'll see it's fundamentally strong.