SP500 Support at 4280? A review of recent trendlines of SSO, SPLG, SPYV, IVW and UWM. First time shared analysis. Not investment advice, just sharing what I'm seeing.
SPLG
The "Mini-SPY" You Might Not Know About - SPLG!SPLG can be considered a miniature version of the infamous SPY ETF; albeit a few minor differences in structure and some other additional factors (available in the SPLG prospectus).1 However, these differences are not very relevant to long-term investors or short-term traders looking to make a strategic move in the S&P 500 Index (SPX). According to ETF Trends “SPLG is a cheaper, modernized S&P 500 alternative to the flagship SPDR S&P 500 ETF Trust (SPY).”2
SPLG has an expense ratio of 0.03% (compared to 0.09% for SPY).
Analysts ratings for SPLG:
FactSet: A/95
Morningstar: 5 stars
XTF: 9.8/10.0
Additional information about SPLG can be found in the SSGA factsheet.3
1. www.ssga.com
2. www.etftrends.com
3. www.ssga.com
