SYSAAC | Syntax SaaS Composite Index

Index Description

The Syntax SaaS Composite Index float market cap-weights publicly traded US companies that provide software-as-a-service products. The Index applies screens for thematic purity of exposure, liquidity, and size, and defines business segments including SaaS for the healthcare & life science, business processing, financial technology, sales and marketing, consumer, government, communications, and IT industries.

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 184
Weighting Methodology Float Market Cap
Rebalancing Frequency Quarterly
Currency USD
Exchange Symbol/Ticker SYSAAC
Index Inception Date December 16, 2022
Total Return Index Value as of 05/03/2024 5190.03

Index Performance

Multi-Horizon Returns % as of 2024-03-31
YTD 1Q24 1Y 3Y 5Y 7Y 10Y Since 03.15.13
SaaS Composite6.416.4139.472.1213.5419.1415.7216.79
S&P 50010.5610.5629.8811.4915.0514.0912.9614.06
Annual Index Performance % as of 2024-03-31
2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
SaaS Composite56.3-41.788.2677.126.5215.3942.04.663.465.32
S&P 50026.29-18.1128.7118.431.49-4.3821.8311.961.3813.69
Index Statistics as of 2024-03-31
Vol. Sharpe Ratio Track. Err. Upside Capture Down. Capture
SaaS Composite21.30.6712.71117.2114.1
S&P 50015.20.76-100.0100.0
Index Fundamentals as of 2024-03-31
Beta Dividend Yield P / E Ratio
SaaS Composite1.130.4578.2
S&P 5001.01.3926.5
Top Holdings as of 2024-03-31
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Company Weight (%)
Oracle Corp 4.97
Microsoft Corp 4.64
ServiceNow Inc. 4.57
Palo Alto Networks Inc. 4.52
Intuit Inc 4.44
Salesforce Inc. 4.40
Meta Platforms Inc. Class A 4.34
Intl Business Machines Corp 4.32
Workday Inc 4.25
Adobe Inc. 4.12