SPY SPDR S&P 500

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  • SPY
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  • Large Cap Blend Equities
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SPY - Profile

Vitals

Investment Themes

Alternative ETFs in the Large Cap Blend Equities Category

Type Ticker Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest SCHX 0.04% $3,547.2 M 456,068 10.70%
Largest (AUM) IVV 0.07% $66,974.3 M 4,959,416 10.93%
Most Liquid (Volume) IVV 0.07% $66,974.3 M 4,959,416 10.93%
Top YTD Performer EEH 0.75% $2.0 M 5,081 36.76%

Description

The index measures the performance of the large capitalization sector of the U.S. equity market and is considered one of the best representations of the domestic economy. Utilizing a market-cap weighting structure, this index invests in the 500 largest U.S. firms including names like Apple (AAPL), Exxon Mobil (XOM) and General Electric (GE). All companies must have a 50% public float to be considered for inclusion in the benchmark.

SPY Video

Realtime Rating

SPY - Realtime Rating

Realtime Rating Summary

SPY is a passive UIT that seeks to replicate S&P 500 Index. The index measures the performance of the large capitalization sector of the U.S. equity market and is considered one of the best representations of the domestic economy. Utilizing a market-cap weighting structure, this index invests in the 500 largest U.S. firms including names like Apple (AAPL), Exxon Mobil (XOM) and General Electric (GE). All companies must have a 50% public float to be considered for inclusion in the benchmark.

The adjacent table shows a SPY Realtime Rating for several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETFdb Pro members, highlights the best rated ETF in the Large Cap Blend Equities category for each metric. To view information on how the ETFdb Realtime Ratings work, click here.

SPY Overall Realtime Rating: A

A+ Overall Rated ETF: VALX

Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity A+ n/a
Expenses A n/a
Performance B n/a
Volatility B+ n/a
Dividend A- n/a
Concentration B+ n/a

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Analyst Report

SPY - Analyst Report

SPY is one of the largest and most heavily-traded ETFs in the world, offering exposure to one of the most well known equity benchmarks. While SPY certainly may have appeal to investors seeking to build a long-term portfolio and include large cap U.S. stocks, this fund has become extremely popular with more active traders as a way to toggle between risky and safe assets. A look at SPY's daily turnover reveals the short average holding period and the popularity with active traders. For those seeking to establish exposure to large cap U.S. stocks, the liquidity of SPY (including the deep options market) is unrivaled. Spreads are always very narrow, and investors can move in and out of this fund with ease. But for those looking to establish a longer-term portfolio, there may be better options within the Large Cap Blend ETFdb Category. In fact, other ETFs targeting the S&P 500 may be more appealing for buy-and-holders. Vanguard's VOO is cheaper by a few basis points, while iShares' IVV is another option. The advantage of these funds is structural in nature; SPY is a UIT, which means it doesn't maintain the flexibility to lend out shares or reinvest dividends. Over the long run, those limitations may allow true ETFs such as VOO and IVV to add a few additional basis points to the bottom line. Another potentially intriguing alternative is RSP, which holds the same companies as SPY but assigns an equal weighting to each. Historically, RSP has performed quite well, generating alpha with surprising consistency. SPY is a fine ETF, and is particularly useful for those looking to execute a trade quickly and efficiently. But those in it for the long run have better options available.

SPY In-Depth Analysis

The following tables and charts contain in-depth metrics for SPY and compare it to similar peer ETFs within its ETFdb Category.

Holdings

SPY - Holdings

Filings Data as of: Dec 02, 2014

Concentration Analysis

This section compares how balanced and deep SPY is relative to the peer group ETFdb Category.

Number of Holdings
SPY Rank: 11 of 38
SPY 503
Category Low FV (5)
Category High IWB (1042)
% Assets in Top 10
SPY Rank: 21 of 38
SPY 17.75%
Category Low RSP (2.45%)
Category High FV (100.56%)

SPY Asset Allocation

Asset Percentage
U.S. Stocks 98.56%
International Stocks 1.23%
U.S. Bonds 0.0%
International Bonds 0.0%
Preferred Stock 0.0%
Convertibles 0.0%
Cash 0.21%
Other 0.0%

SPY Sector Breakdown

Sector Percentage
Technology 18.17%
Financial Services 14.9%
Health Care 14.77%
Industrials 11.17%
Consumer Cyclical 10.43%
Consumer Defensive 9.83%
Energy 8.37%
Communication Services 3.96%
Utilities 3.09%
Basic Materials 3.04%
Real Estate 2.06%

SPY Market Cap Breakdown

Market Cap Percentage
Giant 50.42%
Large 36.07%
Medium 12.45%
Small 0.02%
Micro 0.0%

SPY Region Breakdown

Region Percentage
U.S. 98.77%
Europe 0.54%
Asia (Emerging) 0.13%
Asia (Developed) 0.12%
Japan 0.0%
Africa 0.0%
Australia 0.0%
Latin America 0.0%
Canada 0.0%
Middle East 0.0%

SPY Market Tier Breakdown

Region Percentage
Developed 99.67%
Emerging 0.13%

SPY Country Breakdown

Country Percentage
United States 98.77%
Ireland 0.42%
Switzerland 0.25%
China 0.13%
United Kingdom 0.12%
Singapore 0.12%
Other 0.19%
Expense

SPY - Expenses & Fees

This section compares the cost efficiency of SPY to peers in the same ETFdb Category.

Expenses Ratio Analysis

Expense Ratio
SPY Rank: 4 of 47
SPY 0.09%
Category Low SCHX (0.04%)
Category High FWDD (1.25%)

Commission Free Trading in SPY

SPY is not currently available for commission free trading on any platforms.

Category Commission Free Trading

There are 15 other ETFs in the Large Cap Blend Equities ETFdb Category that are also eligible for commission free trading:

Performance

SPY - Performance

This section shows how SPY has performed relative to its peer group ETFdb Category.

1 Week Return
SPY Rank: 24 of 46
SPY -0.67%
Category Low EEH (-71.91%)
Category High ELR (1.67%)
4 Week Return
SPY Rank: 23 of 46
SPY -1.67%
Category Low EEH (-57.06%)
Category High WIL (2.12%)
13 Week Return
SPY Rank: 18 of 46
SPY 0.99%
Category Low EEH (-54.73%)
Category High SPLV (6.37%)
26 Week Return
SPY Rank: 15 of 42
SPY 3.79%
Category Low BARL (-46.27%)
Category High EEH (15.88%)
Year to Date Return
SPY Rank: 14 of 39
SPY 10.78%
Category Low BARL (-38.60%)
Category High EEH (36.76%)
1 Year Return
SPY Rank: 13 of 39
SPY 15.15%
Category Low BARL (-34.05%)
Category High ELR (23.26%)
3 Year Return
SPY Rank: 15 of 33
SPY 75.47%
Category Low BARL (-3.47%)
Category High SPHB (89.08%)
5 Year Return
SPY Rank: 11 of 23
SPY 100.24%
Category Low PBP (31.68%)
Category High SPHQ (124.17%)
Charts

SPY - Charts

The following charts can be customized to display historical performance in a number of different formats, including line charts, bar charts, and candlesticks. Time periods can be adjusted to increase or decrease the period shown, ranging from five minutes to several months.

The following chart also includes the option to compare the performance of SPY relative to other ETFs and benchmarks or to include indicators such as Bollinger Bands, relative strength, and moving averages.

Valuation

SPY - Valuation

This section shows how the P/E multiple of SPY compares to the peer group ETFdb Category.

P/E Ratio
SPY Rank: 12 of 25
SPY 15.24
Category Low SPHB (10.95)
Category High DSI (17.85)

As of Dec 17, 2014

Dividend

SPY - Dividend

This section shows how the dividend yield of SPY compares to the peer group ETFdb Category.

Annual Dividend Yield
SPY Rank: 9 of 38
SPY 1.86%
Category Low FV (0.01%)
Category High PBP (7.35%)

As of Dec 17, 2014

Technicals

SPY - Technicals

SPY Volatility Analysis

This section shows how the volatility of SPY compares to the peer group ETFdb Category.

5 Day Volatility
SPY Rank: 18 of 47
SPY 33.10%
Category Low WIL (3.00%)
Category High EEH (427.39%)
20 Day Volatility
SPY Rank: 23 of 46
SPY 12.45%
Category Low WIL (6.91%)
Category High EEH (282.62%)
50 Day Volatility
SPY Rank: 26 of 46
SPY 13.56%
Category Low LGLV (10.48%)
Category High EEH (224.62%)
200 Day Volatility
SPY Rank: 22 of 42
SPY 12.18%
Category Low LGLV (9.92%)
Category High EEH (241.53%)
Beta
SPY Rank: 17 of 46
SPY 0.99
Category Low EEH (-22.38)
Category High ERW (3.25)
Standard Deviation
SPY Rank: 3 of 37
SPY 8.58%
Category Low PBP (0.52%)
Category High EEH (13.49%)

SPY Technicals

  • 20 Day MA: $205.18
  • 60 Day MA: $199.79
  • MACD 15 Period: -2.99
  • MACD 100 Period: 3.14
  • Williams % Range 10 Day: 62.96
  • Williams % Range 20 Day: 62.96
  • RSI 10 Day: 44
  • RSI 20 Day: 48
  • RSI 30 Day: 51
  • Ultimate Oscillator: 37

SPY Bollinger Bands

  • Lower Bollinger (10 Day): $197.91
  • Upper Bollinger (10 Day): $209.92
  • Lower Bollinger (20 Day): $200.07
  • Upper Bollinger (20 Day): $210.50
  • Lower Bollinger (30 Day): $200.16
  • Upper Bollinger (30 Day): $209.38

SPY Support & Resistance

  • Support Level 1: n/a
  • Support Level 2: $196.76
  • Resistance Level 1: n/a
  • Resistance Level 2: $204.86

SPY Stochastic

  • Stochastic Oscillator %D (1 Day): 39.35
  • Stochastic Oscillator %D (5 Day): 24.24
  • Stochastic Oscillator %K (1 Day): 32.16
  • Stochastic Oscillator %K (5 Day): 25.97
Fact Sheet

SPY - Fact Sheet

Fact sheets are issued by the ETF provider and framed by ETFdb.com. Information contained within the fact sheet is not guaranteed to be timely or accurate.

2014 Morningstar, Inc. All Rights Reserved. The information contained herein: ( 1 ) is proprietary to Morningstar and/or its content providers; ( 2 ) may not be copied or distributed; and ( 3 ) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.