June 2017 — Movements in the SMB Index

A recap of SMB Index performance for June 2017

The SurePath SMB Index
In June 2017 the SCP SMB Index dropped 2.8%, the most of other benchmark indices we track.
Summary of the SCP SMB performance vs other benchmark indices

The SCP SMB Index declined 2.8% in June , after climbing for 2 consecutive months. The S&P 500 and Dow Jones were both up 0.3% and 1.2% respectively. while the Nasdaq was down 0.9%.

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 June 30, 2017:

  • SCP SMB Index — 124.14%
  • S&P 500–120.22%
  • Nasdaq — 125.32%
  • Dow Jones — 124.13%

Monthly gains

During June the SCP SMB Index dropped to $122.14, down from $125.67 at the end of May 2017.

In comparison, during the month of June, other benchmark indices made the following moves:

  • the S&P 500 was up 0.3% flat during the month of June
  • the Nasdaq gave back 0.9% from the end of May
  • the Dow Jones increased 1.2% since the end of May

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 ~60% of the total market cap of all 35 companies and therefore the movement of these 5 companies influence the SMB Index as a whole.

Last month, 2 of the top 5 constituents to experienced price gains after May. First Data Corp led the way up 8.2%.

Here are the top 5 gainers and losers for June

Groupon led the gainers, up 27.6% in the month of June after dropping 23.8% in the month of May. HubSpot led the list of losers down 8.8% during June.

Here’s how all 35 companies stacked up in the month of June

24 out of the 35 companies in the SCP SMB Index experienced gains in the month of June.

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