Both SPY and SPYX are Exchange-Traded Funds (ETFs).This ETF is part of a trend where companies’ asset allocation is geared towards investing in low carbon investments to lower their
carbon footprint.
SPY index is a diversified large-capitalization US index that invests in companies across 11 sectors including energy, health care, financials, IT, and more.
SPYX was launched in 2015 has a fossil-free stance that makes it tilted towards certain sectors. This means that they remove firms with fossil fuel reserves or crude oil, coal, or
natural gas.