SPDR S&P 500 ETF Trust

Price: $542.45
Change: $1.09 (0.0%)
Last Updated:


Issuer State Street
Brand SPDR
Structure UIT
Expense Ratio 0.09%
ETF Home Page Home page
Inception Jan 22, 1993
Index Tracked S&P 500 Index

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.

ETF Database Themes

Asset Class Equity
Asset Class Size Large-Cap
Asset Class Style Blend
Region (General) North America
Region (Specific) U.S.

FactSet Classifications

Segment Equity: U.S. - Large Cap
Category Size and Style
Focus Large Cap
Niche Broad-based
Strategy Vanilla
Weighting Scheme Market Cap

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $406.30
  • 52 Week Hi $544.12
  • AUM $535,919.0 M
  • Shares 989.8 M

Historical Trading Data

  • 1 Month Avg. Volume 47,097,088
  • 3 Month Avg. Volume 62,377,040

Alternative ETFs in the ETF Database Large Cap Growth Equities Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest SFY 0.00% $816.2 M 308,245 17.30%
Largest (AUM) VOO 0.03% $472.3 B 5 M 14.51%
Most Liquid (Volume) QQQ 0.20% $283.5 B 39 M 16.56%
Top YTD Performer WUGI 0.75% $31.0 M 4,028 35.53%

Alternative ETFs in the FactSet Equity: U.S. - Large Cap Segment

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest BKLC 0.00% $2.4 B 80,772 14.40%
Largest (AUM) VOO 0.03% $472.3 B 5 M 14.51%
Most Liquid (Volume) QQQ 0.20% $283.5 B 39 M 16.56%
Top YTD Performer SPMO 0.13% $1.7 B 335,900 32.98%

Top 15 Holdings

Concentration Analysis

This section compares how balanced and deep this ETF is relative to its peers.

Holdings Comparison

SPY ETF Database Category Average FactSet Segment Average
Number of Holdings 504 370 118
% of Assets in Top 10 35.79% 44.25% 64.89%
% of Assets in Top 15 41.12% 52.02% 68.76%
% of Assets in Top 50 59.28% 77.02% 82.62%

Size Comparison

SPY ETF Database Category Average FactSet Segment Average
Large (>12.9B) 98.45% 87.57% 42.49%
Mid (>2.7B) 1.37% 5.13% 2.91%
Small (>600M) 0.00% 0.63% 0.09%
Micro (<600M) 0.00% 0.08% 0.22%

SPY Valuation

This section compares the P/E ratio of this ETF to its peers.

P/E Ratio
ETF Database Category Average
P/E Ratio
FactSet Segment Average
P/E Ratio

SPY Dividend

This section compares the dividend yield of this ETF to its peers.

SPY ETF Database Category Average FactSet Segment Average
Dividend $ 1.60 $ 0.30 $ 0.18
Dividend Date 2024-03-15 N/A N/A
Annual Dividend Rate $ 6.72 $ 0.92 $ 0.63
Annual Dividend Yield 1.24% 1.03% 1.46%

SPY Price and Volume Charts

View charts featuring SPY price and volume data.

SPY Fund Flows Charts

View charts featuring ETF fund flow data.

5 Day Net Flows: -439.23 M 1 Month Net Flows: 8.4 B 3 Month Net Flows: 13.6 B 6 Month Net Flows: 18.59 B 1 Year Net Flows: 26.45 B 3 Year Net Flows: 64.44 B 5 Year Net Flows: 43.04 B 10 Year Net Flows: 60.82 B

SPY Price vs Flows AUM Influence Charts

View charts that break down the influence that fund flows and price had on overall assets.