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SPDR Russell Small Cap Completeness (SPMD)
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Upturn Advisory Summary
10/31/2025: SPMD (2-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Below Average Performance
These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.
Analysis of Past Performance
Type ETF | Historic Profit 18.63% | Avg. Invested days 79 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  5.0 | ETF Returns Performance  3.0 |
| Profits based on simulation | Last Close 10/31/2025 |
Key Highlights
Volume (30-day avg) - | Beta 1.14 | 52 Weeks Range 43.82 - 59.27 | Updated Date 06/29/2025 |
52 Weeks Range 43.82 - 59.27 | Updated Date 06/29/2025 |
Upturn AI SWOT
SPDR Russell Small Cap Completeness
ETF Overview
Overview
The SPDR Russell Small Cap Completeness ETF (RZS) seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Russell 2000 Completion Index. It aims to offer exposure to the small-cap segment of the U.S. equity market, excluding companies in the Russell 1000 Index. This ETF is ideal for investors seeking to complete their small-cap exposure.
Reputation and Reliability
State Street Global Advisors (SSGA) is a reputable and reliable issuer with a long track record of providing ETFs and other investment products.
Management Expertise
SSGA has extensive expertise in managing index-tracking ETFs and has a dedicated team focused on ETF portfolio management.
Investment Objective
Goal
The ETF seeks to replicate the performance of the Russell 2000 Completion Index before fees and expenses.
Investment Approach and Strategy
Strategy: The ETF employs a replication strategy, holding all or substantially all of the securities in the Russell 2000 Completion Index in approximately the same proportions as their weightings in the Index.
Composition The ETF primarily holds stocks of small-cap companies in the United States.
Market Position
Market Share: RZS has a smaller market share compared to broader small-cap ETFs like IWM.
Total Net Assets (AUM): 141180000
Competitors
Key Competitors
- IWM
- VTWO
- SMLV
Competitive Landscape
The small-cap ETF market is competitive, with IWM dominating. RZS differentiates itself by focusing on the 'completion' portion of the Russell 2000, offering more granular exposure. The main disadvantage is its lower liquidity and AUM compared to larger peers. Its targeted approach is a competitive advantage for investors seeking specific small-cap allocations.
Financial Performance
Historical Performance: Historical performance data is widely available from financial data providers. Note that past performance is not indicative of future results.
Benchmark Comparison: The ETF's performance should closely track the Russell 2000 Completion Index. Tracking error can be assessed by comparing historical returns.
Expense Ratio: 0.12
Liquidity
Average Trading Volume
The average trading volume for RZS is moderate, affecting ease of order execution.
Bid-Ask Spread
The bid-ask spread for RZS is typically wider compared to larger, more liquid ETFs.
Market Dynamics
Market Environment Factors
Economic growth, interest rate movements, and investor sentiment towards small-cap stocks significantly impact RZS's performance. Sector-specific trends within the small-cap universe also play a role.
Growth Trajectory
RZS's growth is tied to the overall demand for small-cap exposure and the performance of the Russell 2000 Completion Index. Changes to strategy or holdings would be reflected in its tracking accuracy.
Moat and Competitive Advantages
Competitive Edge
RZS's competitive advantage lies in its targeted exposure to the Russell 2000 Completion Index, providing a unique investment tool for investors seeking to complete their small-cap holdings. This targeted approach offers a higher degree of precision compared to broader small-cap ETFs. SSGA's established reputation as an issuer further enhances investor confidence. The low expense ratio also contribute to it's competitiveness.
Risk Analysis
Volatility
Small-cap stocks are generally more volatile than large-cap stocks. Therefore, RZS is likely to exhibit higher volatility than ETFs tracking broader market indices.
Market Risk
RZS is subject to market risk, which is the risk that the overall market declines, negatively impacting the ETF's value. Specific risks relate to the financial health of the small-cap companies held by the fund.
Investor Profile
Ideal Investor Profile
The ideal investor is one seeking precise exposure to the Russell 2000 Completion Index to complement existing small-cap or broader market holdings.
Market Risk
RZS is suitable for investors who understand the risks associated with small-cap stocks and are comfortable with potentially higher volatility. It's better suited for long-term investors with a specific allocation strategy in mind.
Summary
The SPDR Russell Small Cap Completeness ETF (RZS) offers targeted exposure to the small-cap market, excluding the Russell 1000. It is managed by SSGA and seeks to replicate the performance of the Russell 2000 Completion Index. RZS is more volatile than broader market ETFs and offers a lower AUM and market share compared to leading ETF IWM. It's best suited for long-term investors seeking to fine-tune their small-cap allocation within a diversified portfolio.
Similar ETFs
Sources and Disclaimers
Data Sources:
- State Street Global Advisors (SSGA) website
- ETF.com
- Bloomberg
- Yahoo Finance
Disclaimers:
The data and analysis provided are for informational purposes only and should not be considered investment advice. Past performance is not indicative of future results. Consult with a qualified financial advisor before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About SPDR Russell Small Cap Completeness
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
Under normal market conditions, the fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index is designed to measure the performance of the mid-capitalization segment of the U.S. equity market.
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.