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.
| Segment | Equity: U.S. - Large Cap |
| Category | Size and Style |
| Focus | Large Cap |
| Niche | Broad-based |
| Strategy | Vanilla |
| Weighting Scheme | Market Cap |
This section compares how balanced and deep this ETF is relative to its peers.
| SPY | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Number of Holdings | 505 | 369 | 145 |
| % of Assets in Top 10 | 25.26% | 37.61% | 52.46% |
| % of Assets in Top 15 | 30.71% | 45.51% | 57.06% |
| % of Assets in Top 50 | 51.79% | 72.63% | 74.66% |
| SPY | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Large (>12.9B) | 97.77% | 81.70% | 49.28% |
| Mid (>2.7B) | 1.97% | 7.34% | 4.36% |
| Small (>600M) | 0.00% | 0.80% | 0.10% |
| Micro (<600M) | 0.00% | 0.09% | 0.00% |
This section compares the P/E ratio of this ETF to its peers.
This section compares the dividend yield of this ETF to its peers.
| SPY | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Dividend | $ 1.43 | $ 0.24 | $ 0.14 |
| Dividend Date | 2021-09-17 | N/A | N/A |
| Annual Dividend Rate | $ 5.66 | $ 0.79 | $ 0.49 |
| Annual Dividend Yield | 1.22% | 0.95% | 0.76% |
View charts featuring SPY price and volume data.
View charts featuring ETF fund flow data.
5 Day Net Flows: -6.46 B 1 Month Net Flows: -6.98 B 3 Month Net Flows: 9.35 B 6 Month Net Flows: 4.98 B 1 Year Net Flows: 8.77 B 3 Year Net Flows: 9.37 B 5 Year Net Flows: 813.14 M 10 Year Net Flows: 36.35 BView charts that break down the influence that fund flows and price had on overall assets.
5 Day Net AUM Change: 889.12 MThe adjacent table shows a 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 ETF Database Pro members, highlights the best rated ETF in the Large Cap Growth Equities category for each metric. To view information on how the ETF Database Realtime Ratings work, click here.
This section compares the cost efficiency of this ETF to its peers.
| Max ST Capital Gains Rate | 39.60% |
| Max LT Capital Gains Rate | 20.00% |
| Tax On Distributions | Qualified dividends |
| Distributes K1 | No |
This section shows how this ETF has performed relative to its peers.
| SPY |
ETF Database
Category Average |
Factset Segment
Average |
|
|---|---|---|---|
| 1 Month Return | 5.48% | 5.66% | 4.16% |
| 3 Month Return | 3.51% | 2.21% | 3.33% |
| YTD Return | -13.24% | -18.40% | -7.26% |
| 1 Year Return | -8.20% | -14.67% | -3.90% |
| 3 Year Return | 36.01% | 22.11% | 12.48% |
| 5 Year Return | 67.52% | 34.14% | 16.10% |
The following charts reflect the geographic spread of SPY's underlying holdings.
| Region | Percentage |
|---|---|
| North, Central and South America | 99.69% |
| Other | 0.25% |
| Country | Percentage |
|---|---|
| United States | 96.65% |
| Ireland | 1.63% |
| United Kingdom | 0.7% |
| Switzerland | 0.43% |
| Other | 0.25% |
| Netherlands | 0.13% |
| Bermuda | 0.1% |
| Israel | 0.05% |
The following charts reflect the allocation of SPY's underlying holdings.
| Sector | Percentage |
|---|---|
| Technology Services | 15.52% |
| Electronic Technology | 15.04% |
| Finance | 13.67% |
| Health Technology | 11.26% |
| Retail Trade | 7.38% |
| Consumer Non-Durables | 5.69% |
| Energy Minerals | 4.34% |
| Producer Manufacturing | 4.15% |
| Consumer Services | 3.49% |
| Commercial Services | 3.21% |
| Utilities | 3.02% |
| Health Services | 2.97% |
| Process Industries | 2.22% |
| Consumer Durables | 2.22% |
| Transportation | 1.89% |
| Communications | 1.16% |
| Industrial Services | 1.09% |
| Distribution Services | 0.82% |
| Non-Energy Minerals | 0.55% |
| CASH | 0.25% |
| Market Cap | Percentage |
|---|---|
| Large | 97.77% |
| Mid | 1.97% |
| Small | 0.0% |
| Micro | 0.0% |
| Region | Percentage |
|---|
| Asset | Percentage |
|---|---|
| Share/Common/Ordinary | 99.69% |
| CASH | 0.25% |
| Sector | Percentage |
|---|---|
| Technology Services | 15.52% |
| Electronic Technology | 15.04% |
| Finance | 13.67% |
| Health Technology | 11.26% |
| Retail Trade | 7.38% |
| Consumer Non-Durables | 5.69% |
| Energy Minerals | 4.34% |
| Producer Manufacturing | 4.15% |
| Consumer Services | 3.49% |
| Commercial Services | 3.21% |
| Utilities | 3.02% |
| Health Services | 2.97% |
| Process Industries | 2.22% |
| Consumer Durables | 2.22% |
| Transportation | 1.89% |
| Communications | 1.16% |
| Industrial Services | 1.09% |
| Distribution Services | 0.82% |
| Non-Energy Minerals | 0.55% |
| CASH | 0.25% |
This section shows how the volatility of this ETF compares to the peer group ETF Database Category.
| 5 Day Volatility | 184.21% |
| 20 Day Volatility | 25.41% |
| 50 Day Volatility | 26.56% |
| 200 Day Volatility | 24.34% |
| Beta | 0.99 |
| Standard Deviation | 30.70% |
ETF Database's Financial Advisor Reports are designed as an easy handout for clients to explain the key information on a fund. Includes new analyst insights and classification data.
Fact sheets are issued by the ETF provider and framed by ETF Database. Information contained within the fact sheet is not guaranteed to be timely or accurate.
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