SPYM: S&P 500 Monthly Dashboard For March

Fred PiardInvesting Group LeaderFollow5ShareSavePlay(8min)CommentsSummaryThe SPDR Portfolio S&P 500 ETF offers a low-cost, liquid option for long-term S&P 500 exposure, with a 0.02% expense ratio.The S&P 500 median company is currently overvalued by 13% relative to 11-year historical averages, with quality near baseline.Energy leads in both value and quality scores, while materials and industrials are notably overvalued and least compelling fundamentally.The mega-cap bias has reversed recently, resulting in balanced 12-month returns in cap-weighted and equal-weighted S&P 500.Nine stocks that are cheaper than their peers.Quantitative Risk & Value members get exclusive access to our real-world portfolio. See all our investments here » Igor Suka/E+ via Getty Images About SPYM This article offers a top-down analysis of the S&P 500 Index based on valuation, quality, and momentum metrics in GICS sectors. It may also help analyze funds tracking the index, such as State StreetThis article was written byFred Piard16.34K FollowersFollowFred Piard, PhD. is a quantitative analyst and IT professional with over 30 years of experience working in technology. He is the author of three books and has been investing in data-driven systematic strategies since 2010. Fred runs the investing group Quantitative Risk & Value where he shares a portfolio invested in quality dividend stocks, and companies at the forefront of tech innovation. Fred also supplies market risk indicators, a real estate strategy, a bond strategy, and an income strategy in closed-end funds. Learn more.Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.