ETFdb Realtime Rating & Analyst Report for SPY
SPY is a passive UIT that seeks to replicate the S&P 500 Index. The index measures the performance of the large capitalization sector of the U.S. equity market.
| ETFdb Category | Expense Ratio | Inception Date | Issuer | Structure | YTD Return * |
|---|---|---|---|---|---|
| Large Cap Blend Equities | 0.09% | 1993-01-22 | State Street | UIT | +16.18% |
SPY Realtime Rating: By Metric
| Metric | Metric Realtime Rating | A+ Metric Rated ETF |
|---|---|---|
| Liquidity | A+ | SPY |
| Expenses | A | VOO |
| Performance | B+ | BARL |
| Volatility | B+ | VQT |
| Dividend | B | SPLV |
| Concentration | A- | VONE |
The first adjacent table gives investors an individual Realtime Rating for SPY on several different metrics, including liquidity, expenses, performance, volatility, dividend, and concentration of holdings. The "A+ Metric Rated ETF" field, available to ETFdb Pro members, shows the ETF in the Large Cap Blend Equities ETFdb Category with the highest Metric Realtime Rating for each individual field.
SPY Realtime Rating: Overall
| ETFdb Rating Type | Overall Rating | A+ Overall Rated ETF |
|---|---|---|
| Realtime Rating (Overall) | A | VOO |
The second table shows the overall Realtime Rating for SPY, as well as the A+ Overall Rated ETF in SPY's Category. To view information on how the ETFdb Realtime Ratings work, click here.
ETFdb Analyst Report for SPY
Asset Allocation
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
The following tables and charts contain in-depth metrics for SPY and compare it to similar peer ETFs within its ETFdb Category.
Expense Analysis
This section compares the cost efficiency of SPY to peers in the same ETFdb Category.
| SPY | ETF Average | ETF Wtd. Avgerage |
|---|---|---|
| 0.09% | 0.59% | 0.30% |
Comparative Analysis: Large Cap Blend Equities ETFdb Category
| Lo | Average | Hi | SPY Rank |
|---|---|---|---|
| SCHX: 0.04% | 0.43% | FWDD: 1.12% | 4 of 38 |
Commission Free Trading in SPY
SPY is not currently available for commission free trading on any platforms. There are 12 ETFs in the Large Cap Blend Equities ETFdb Category available commission free: IVV (Fidelity, Firstrade, TD Ameritrade), IWB (Fidelity, TD Ameritrade), MGC (Vanguard), OEF (Fidelity), RSP (Charles Schwab), SCHX (Charles Schwab), SPHB (Charles Schwab), SPLV (Charles Schwab), VONE (Vanguard), VOO (Vanguard), VV (Vanguard), XLG (Charles Schwab).
Performance Analysis
This section shows how SPY has performed relative to its peer group ETFdb Category.
| SPY | Category Lo | Category Hi | SPY Rank | |
|---|---|---|---|---|
| 1 Week* | 0.07% | BARL: -5.37% | EEH: 2.54% | 15 of 38 |
| 4 Week* | 4.37% | BARL: -5.37% | FWDD: 9.15% | 16 of 38 |
| 13 Week* | 9.99% | SPGH: -3.28% | FMK: 12.34% | 19 of 38 |
| 26 Week* | 19.48% | SPGH: -4.76% | FWDD: 30.27% | 22 of 35 |
| YTD* | 16.18% | SPGH: -3.49% | PXLC: 20.80% | 21 of 37 |
| 1 Year* | 27.30% | BARL: 0.44% | FWDD: 38.44% | 16 of 32 |
| 3 Year* | 60.68% | EEH: 46.31% | SPGH: 85.70% | 13 of 21 |
| 5 Year* | 31.57% | SPHQ: 13.86% | RSP: 47.56% | 9 of 17 |
Volatility Analysis
This section shows how the volatility of SPY compares to the peer group ETFdb Category.
| SPY | Category Lo | Category Hi | SPY Rank | |
|---|---|---|---|---|
| Volatility: 5 Day* | 5.69% | PXLC: 5.40% | SPGH: 119.14% | 37 of 38 |
| Volatility: 20 Day* | 8.72% | VQT: 5.97% | BARL: 97.95% | 27 of 38 |
| Volatility: 50 Day* | 11.55% | VQT: 7.43% | BARL: 104.03% | 17 of 38 |
| Volatility: 200 Day* | 11.31% | VQT: 7.19% | EEH: 43.03% | 15 of 34 |
| Beta* | 0.99 | BARL: -7.34 | EEH: 3.06 | 17 of 38 |
| Standard Deviation* | 9.62% | SPHQ: 1.10% | IVV: 9.71% | 2 of 30 |
Technical Analysis
This section highlights technical strength metrics for SPY.
| Moving Averages * | Support & Resistance * | Williams & Rel. Strength * | |||
|---|---|---|---|---|---|
| 20 Day MA | $163.16 | Lower Bolinger (10Day) | $162.81 | Williams % (10) | 55.18 |
| 60 Day MA | $158.24 | Upper Bolinger (10Day) | $168.25 | Williams % (20) | 31.92 |
| MACD 15 Day | 0.91 | Lower Bolinger (30Day) | $152.97 | Rel. Strength (10) | 62 |
| MACD 100 Day | 10.78 | Upper Bolinger (30Day) | $168.82 | Rel. Strength (20) | 64 |
| Support Level | $164.29 | Rel. Strength (30) | 63 | ||
| Resistance Level | $166.26 | ||||
Dividend & Valuation Analysis
This section shows how the dividend yield and P/E multiple of SPY compare to the peer group ETFdb Category.
| SPY | Category Lo | Category Hi | SPY Rank | |
|---|---|---|---|---|
| Annual Dividend Yield* | 1.50% | EEH: 0.00% | IWL: 2.77% | 5 of 30 |
| P/E Ratio* | n/a | EEH: n/a | EWRI: 15.21 | 21 of 29 |
* As of
Concentration Analysis
This section compares how balanced and deep SPY is relative to the peer group ETFdb Category.
| SPY | Category Lo | Category Hi | SPY Rank | |
|---|---|---|---|---|
| Number Of Holdings** | 501 | VSPY: n/a | IWB: 996 | 21 of 31 |
| % Assets In Top 10** | 18.41% | VSPY: n/a | EQL: 99.87% | 15 of 31 |
**As of 2013-05-03
ETF X-Ray**
This section provides a look under the hood of SPY.
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**As of 2013-05-03
Alternative ETFs
Other ETFs in the Large Cap Blend Equities ETFdb Category include:
| Type | Ticker | Expense Ratio | Assets | Avg. Daily Vol | YTD Return |
|---|---|---|---|---|---|
| Cheapest | SCHX | 0.04% | $1,582.0 M | 290,906 | 16.28% |
| Largest (AUM) | IVV | 0.07% | $43,584.2 M | 4,221,070 | 16.18% |
| Most Liquid (Volume) | IVV | 0.07% | $43,584.2 M | 4,221,070 | 16.18% |
| Top YTD Performer | PXLC | 0.39% | $29.0 M | 4,181 | 20.80% |
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