SYCYBS | Syntax Cyber Security Index
The Syntax Cyber Security Index applies modified-equal weighting to up to 50 public US companies that make software or hardware used to secure information online, or provide related services. The Index applies screens for thematic purity of exposure, liquidity, and size, and defines business segments including cybersecurity software development, cybersecurity hardware manufacturing, and cybersecurity services.
The Index uses company classification data structured in Syntax's proprietary Functional Information System (FIS)®, which draws primarily from audited annual reports (e.g., 10-K filings) and secondarily from unaudited documents (e.g., news articles, company websites) to allow granular groupings and comparisons of companies by the characteristics of their various product lines.
Index Facts
| Number of Constituents | 42 |
| Weighting Methodology | Modified Equal |
| Rebalancing Frequency | Quarterly |
| Currency | USD |
| Exchange Symbol/Ticker | SYCYBS |
| Index Inception Date | December 16, 2022 |
| Total Return Index Value as of 09/22/2023 | 5588.92 |
Index Performance
| YTD | 2Q23 | 1Y | 3Y | 5Y | 7Y | 10Y | Since 03.15.13 | |
|---|---|---|---|---|---|---|---|---|
| Cyber Security | 13.22 | 4.32 | 9.81 | 10.05 | 15.19 | 20.15 | 18.23 | 17.94 |
| S&P 500 | 16.89 | 8.74 | 19.59 | 14.60 | 12.31 | 13.38 | 12.86 | 13.19 |
| 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cyber Security | -22.25 | 10.77 | 61.82 | 38.23 | 15.61 | 23.72 | 12.67 | 4.09 | 23.32 | - |
| S&P 500 | -18.11 | 28.71 | 18.40 | 31.49 | -4.38 | 21.83 | 11.96 | 1.38 | 13.69 | 32.39 |
| Vol. | Sharpe Ratio | Track. Err. | Upside Capture | Down. Capture | |
|---|---|---|---|---|---|
| Cyber Security | 21.2 | 0.88 | 15.36 | 107.2 | 78.0 |
| S&P 500 | 16.3 | 0.73 | - | 100.0 | 100.0 |
| Beta | Dividend Yield | P / E Ratio | |
|---|---|---|---|
| Cyber Security | 0.90 | 0.40 | 2891.9 |
| S&P 500 | 1.00 | 1.59 | 24.8 |
| Company | Weight (%) |
|---|---|
| Palo Alto Networks Inc. | 3.98 |
| Fortinet Inc | 3.80 |
| SentinelOne Inc | 3.72 |
| CACI International Inc | 3.70 |
| Tenable Holdings Inc | 3.69 |
| Science Applications International Corp | 3.65 |
| Leidos Holdings Inc | 3.60 |
| BlackBerry Ltd | 3.60 |
| Gen Digital Inc. | 3.52 |
| Cloudflare Inc | 3.51 |
Past performance is no guarantee of future results. The inception date of the Syntax Cyber Security Index is 16 December 2022. Charts and graphs are provided for illustrative purposes only.
The Syntax Cyber Security Index is the property of Syntax LLC, which calculates and maintains the Index. Syntax®, Stratified®, Stratified Indices®, Stratified-Weight®, Stratified Benchmark Indices™, Stratified Sector Indices™, Stratified Thematic Indices™, and Locus® are trademarks or registered trademarks of Syntax, LLC and/or its affiliate. FIS™ is a trademark of Syntax for Syntax’s "Functional Information System".
Index performance does not represent actual fund or portfolio performance and such performance does not reflect the actual investment experience of any investor. An investor cannot invest directly in an index. In addition, the results actual investors might have achieved would have differed from those shown because of differences in the timing, amounts of their investments, and fees and expenses associated with an investment in a portfolio invested in accordance with an index. None of the Syntax Indices or the benchmark indices portrayed herein charge management fees or incur brokerage expenses, and no such fees or expenses were deducted from the performance shown; provided, however, that the returns of any investment portfolio invested in accordance with such indices would be net of such fees and expenses. Additionally, none of these indices lend securities, and no revenues from securities lending were added to the performance shown. Performance shown is unaudited and subject to revision. This site may include materials and documents containing forward-looking statements which are based on our expectations and projections as of the date made. Past returns are not necessarily predictive of future returns.
The S&P 500® Index is an unmanaged index considered representative of the US large-cap stock market.
Beta is a measure of relative risk, calculated as the covariance of the Index with a benchmark divided by the variance of the benchmark. Volatility is the annualized standard deviation of index returns. Sharpe ratio is a risk-adjusted measure calculated using standard deviation and excess return to determine reward per unit of risk. A higher Sharpe ratio indicates better risk-adjusted performance. Beta, volatility, and Sharpe ratio are calculated using monthly returns from 07/01/2013 to 06/30/2023. Weighted Average Stock Price-to-Earnings Ratio (P/E Ratio) is the harmonic weighted average of the ratio of each stock’s share price to its trailing 12 month earnings per share. Weighted Average Stock Price-to-Book-Value Ratio (P/B Ratio) is the harmonic weighted average of the ratio of each stock’s market price to its net asset value. Dividend Yield is the arithmetic weighted average of the ratio of each stock’s annual dividend per share to its market price. Price-to-Earnings, Price-to-Book and Dividend Yield are calculated as of 06/30/2023. P/E, P/B, Dividend Yield, and Turnover are calculated by Syntax via Refinitiv. Top holdings and security classifications used in calculating allocation tables are based on ending weight as of 06/30/2023.