September 2018 — Movements in the SMB Index
A recap of SMB Index performance for September 2018
The SurePath SMB Index climbed 2.2% in September, outpacing, outpacing all other major indices.
The S&P 500 was flat in September while the Dow Jones gained 1.3% and the Nasdaq fell 0.8%, 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 — 210.65%
- S&P 500–144.78%
- Nasdaq — 164.11%
- Dow Jones — 154.29%
Monthly gains
During June the SCP SMB Index climbed from $135.95 at the end of August to $138.90.
In comparison, during the month of September, other benchmark indices made the following moves:
- the S&P 500 was flat at 0% during the month of September
- the Nasdaq fell 0.8% from the end of August
- the Dow Jones rose 1.3% during September
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.
4 of the Top 5 constituents, experienced gains during the month of September, led by Square jumping 10.8% during the month, while First Data Corp declined 3.3%.
Here are the top 5 gainers and losers for September
Shopify led the gainers, up 12.6% in the month of September while Carbonite led the list of losers, down 15.9% during the month.
Here’s how all 35 companies stacked up in the month of September
13 out of the 35 companies in the SCP SMB Index experienced gains in the month of September.
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
