CATH vs SNPE

CATHBGlobal X S&P 500 Catholic Values ETF

SNPEAXtrackers S&P 500 Scored & Screened ETF

In short

CATH Same S&P 500 neighborhood, screened through Catholic doctrine instead of a generic ESG rating. Global X has run this faith-based cut of the index since 2016.

SNPE The S&P 500 with roughly 200 names screened out, for 0.10% a year. SNPE keeps the plumbing of a plain core index fund and lets S&P's rules, not a stock picker, decide who stays in the basket.

Stated mandate

CATH The fund seeks investment results that generally correspond to the performance of the S&P 500® Catholic Values Index before fees and expenses.

SNPE The fund seeks investment results that generally correspond, before fees and expenses, to the performance of its underlying index.

Why people hold it

• CATH The screen is the whole point: it tracks the S&P 500 Catholic Values Index, filtering the benchmark on faith-based criteria rather than a broad ESG score.globalxetfs.com
• Still core-shaped underneath: roughly 400 large US companies, index-tracked, no stock-picker's hunches in the mix.
• Live since 2016 and now over a billion dollars in assets, running on an S&P-built index rather than an in-house screen.
• The portfolio sticks tightly to the index it names, so the label and the holdings tell the same story.

• SNPE A 0.10% expense ratio puts it in the cheap seats of the screened-index crowd, alongside XVV (0.08%) and ESGV (0.09%) and well under the group's typical fee.
• Plain index plumbing: it aims to match the S&P 500 Scored & Screened Index before fees, and it has hugged that mandate closely.
• Roughly 300 stocks, so the screen actually bites. Around 200 S&P 500 members are cut outright rather than quietly trimmed.
• A multi-billion-dollar Xtrackers fund running since 2019 with steady daily volume and quarterly payouts. Not a thin, untested launch.

Worth knowing

• CATH At 0.29% a year it runs above the typical fund in its screened-equity group, and well above bare-bones S&P 500 ESG trackers like SNPE and XVV.
• Trading volume is modest next to the biggest names in the category, so spreads can be wider. That cost shows up at the moment you transact.
• Excluding companies means this is not the S&P 500. Results can drift from the parent index in either direction, and distributions come only once or twice a year.

• SNPE Cutting ~200 names concentrates what's left. The megacap leaders of the parent index end up carrying even more weight here.
• The screens are S&P's, not yours. They are rules-based and reapplied at each rebalance, so the roster can shift without warning.
• Not the outright cheapest option in the group: XVV and ESGV shave a basis point or two off the fee.

Full CATH profile⁠

Full SNPE profile⁠