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SPLG: S&P 500 May Dashboard


  • Energy and communication services are undervalued relative to 11-year averages.
  • The most overvalued sector is utilities.
  • All sectors look good in quality metrics except consumer staples, communication, and utilities, which are average.
  • Looking for a helping hand in the market? Members of Quantitative Risk & Value get exclusive ideas and guidance to navigate any climate. Learn More »

Data analytics report and key performance indicators on information dashboard for Business strategy and business intelligence.

Worawut Prasuwan/iStock via Getty Images

About SPLG

This monthly article series reports sector metrics in the S&P 500 index. It is also a top-down review of all funds tracking it. Among them, the SPDR Portfolio S&P 500 ETF (

From January 2017 to December 2021, the Dashboard List has returned about 81% (all sectors together) vs. 66% for its benchmark Russell 1000 Value Index (past performance is not a guarantee of future returns). Members get updates on it and other time-tested strategies, plus risk indicators. Get started with a two-week free trial now.

This article was written by

Fred Piard profile picture

Fred 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.

Long in some constituents of SPLG.

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.

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Comments (4)

Great analysis! Indeed, Energy is the place to be as an investor until mid 2023. In 2023, after these very high energy prices, I expect a recession.

But stocks such as CVE, OXY, Meg Energy are great picks. Even LPI with a Forward P/E = 2.26 could be a good pick.

Growth and Tech stocks will continue to go down severely by the end of this year in my opinion.
A good / interesting read Fred - thank you.
Great article, Fred, thanks.
Thanks Fred for bringing this to my attention.
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