August 2018 — Movements in the SMB Index
A recap of SMB Index performance for August 2018
The dog days of summer boosted the SurePath SMB Index to all time-high in returns since inception, gaining 9.2% during the month of August, outpacing all other major indices.
The SCP SMB Index gained 9.2% in August. The S&P 500, Nasdaq and Dow Jones all experienced gains during the month of 4.0%, 6.3%, and 3.2% respectively.
Returns since inception (indexed at Jan 4, 2016)
Since the inception of the SCP SMB Index in January 4, 2016 (where 100% is no change), here are the returns till August 30, 2018:
- SCP SMB Index — 206.27%
- S&P 500–144.79%
- Nasdaq — 165.40%
- Dow Jones — 152.34%
Monthly gains
During June the SCP SMB Index climbed from $124.43 at the end of July to $135.90.
In comparison, during the month of August, other benchmark indices made the following moves:
- the S&P 500 gained 4.0% during the month of August
- the Nasdaq climbed 6.3% from the end of July
- the Dow Jones rose 3.2% during August
Drivers of movement
The SCP SMB Index is weighted based on the market capitalization of the 35 companies that are included in the index. The market cap of the top 5 companies (by market cap) accounts for ~57% of the total market cap of all 35 companies and therefore the movement of these 5 companies influence the SMB Index as a whole.
All of the Top 5 constituents, experienced gains during the month of August, led by Square jumping 35.7% during the month.
Here are the top 5 gainers and losers for August
Paycom led the gainers, up 43.8% in the month of August while Lending Club led the list of losers, down 11.9% during the month.
Here’s how all 35 companies stacked up in the month of August
27 out of the 35 companies in the SCP SMB Index experienced gains in the month of August.
You can follow the SurePath SMB Index in real time at: http://www.surepathcapital.com/smb-index
At SurePath Capital Partners we help startups raise the capital needed to become market leaders. When the time is right, we help our clients achieve profitable, deliberate exit strategies. We only work with startups in SaaS, and commerce. Across those segments we have a deep focus on companies serving the global SMB market. Say hello: info@surepathcapital.com
