ASYMmetric Smart Alpha S&P 500 ETF
ZSPY
New York Stock Exchange Arca- -
USD
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- -
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- IPO Date
- Feb 1, 2023
- Similar Companies
- Business
- ASYMmetric Smart Alpha S&P 500 ETF (ZSPY) is an exchange-traded fund that seeks to track the total return performance, before fees and expenses, of the ASYMmetric Smart Alpha 500 Index, a rules-based quantitative hedging strategy designed to capture up to two times the bull market gains of the S&P 500 Index through 200% leverage while providing protection against bear market losses by shifting to a net short exposure to the S&P 500 Index; it maintains a risk profile generally in line with the S&P 500 over a full market cycle. The fund employs ASYMmetric Risk Management Technology to dynamically adjust exposure based on price momentum and volatility indicators, positioning close to 200% long in bull markets and net short in bear markets, serving as a leveraged buy-and-hold solution for investors seeking maximum alpha with moderate risk within a Smart Alpha category targeting 10-25% portfolio allocations. Launched on February 1, 2023, and listed on the NYSE Arca, ZSPY is managed by ASYMmetric ETFs, LLC, headquartered at 158 East 126th Street, Suite 304, New York, NY 10035, with an expense ratio of 0.95% and CUSIP 04651A200. ASYMmetric ETFs, LLC, founded by ETF industry veteran Darren Schuringa, who previously co-founded Exchange Traded Concepts and Yorkville ETF Advisors (acquired by Van Eck in 2015), expanded its Smart Solutions lineup in early 2023 by launching ZSPY alongside the ASYMmetric Smart Income ETF (NYSE: MORE), building on the success of its flagship ASYMshares ASYMmetric 500 ETF (NYSE: ASPY), which won the 2022 Newcomer Strategic Beta ETF of the Year award. The firm targets family offices, advisors, and retail investors in the U.S. equity market, focusing on capital preservation, compounding returns, and risk minimization through innovative passive strategies.