SPY
SPDR S&P 500 ETF Trust

Price: $604.33
Change: $3.13 (-0.01%)
Last Updated:

Vitals

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 $457.93
  • 52 Week Hi $609.07
  • AUM $647,972.0 M
  • Shares 1,066.5 M

Historical Trading Data

  • 1 Month Avg. Volume 39,667,032
  • 3 Month Avg. Volume 43,755,184

Alternative ETFs in the ETF Database Large Cap Growth Equities Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest BKLC 0.00% $3.2 B 119,323 29.23%
Largest (AUM) VOO 0.03% $591.0 B 6 M 28.47%
Most Liquid (Volume) QQQ 0.20% $328.0 B 28 M 29.12%
Top YTD Performer ARKW 0.82% $1.9 B 171,515 53.61%

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% $3.2 B 119,323 29.23%
Largest (AUM) VOO 0.03% $591.0 B 6 M 28.47%
Most Liquid (Volume) QQQ 0.20% $328.0 B 28 M 29.12%
Top YTD Performer ADPV 1.00% $91.9 M 8,832 48.89%

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 504 371 105
% of Assets in Top 10 36.85% 44.94% 67.86%
% of Assets in Top 15 42.35% 52.79% 71.62%
% of Assets in Top 50 60.21% 77.15% 84.61%

Size Comparison

SPY ETF Database Category Average FactSet Segment Average
Large (>12.9B) 98.93% 86.86% 38.74%
Mid (>2.7B) 0.86% 4.31% 1.95%
Small (>600M) 0.00% 0.61% 0.07%
Micro (<600M) 0.00% 0.07% 0.01%

SPY Valuation

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

SPY
P/E Ratio
17.86
ETF Database Category Average
P/E Ratio
14.82
FactSet Segment Average
P/E Ratio
3.91

SPY Dividend

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

SPY ETF Database Category Average FactSet Segment Average
Dividend $ 1.75 $ 0.28 $ 0.17
Dividend Date 2024-09-20 N/A N/A
Annual Dividend Rate $ 7.01 $ 0.95 $ 0.69
Annual Dividend Yield 1.15% 0.97% 1.52%

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: 15.2 B 1 Month Net Flows: 5.84 B 3 Month Net Flows: 39.16 B 6 Month Net Flows: 33.46 B 1 Year Net Flows: 54.81 B 3 Year Net Flows: 70.58 B 5 Year Net Flows: 75.48 B 10 Year Net Flows: 72.36 B

SPY Price vs Flows AUM Influence Charts

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

5 Day Net AUM Change: 15.22 B
1 Month Net AUM Change: 22.14 B
3 Month Net AUM Change: 98.92 B
6 Month Net AUM Change: 110.92 B
1 Year Net AUM Change: 205.56 B
3 Year Net AUM Change: 218.04 B
5 Year Net AUM Change: 354.71 B
10 Year Net AUM Change: 448.39 B

Realtime Rating

The 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.

Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity A+ SPY
Expenses A- BKLC
Performance B ESPO
Volatility B+ NUSI
Dividend A- QYLD
Concentration A- VT

A+ Overall Rated ETF: VIG

SPY Expenses & Fees

This section compares the cost efficiency of this ETF to its peers.

Expenses Ratio Analysis

SPY
Expense Ratio
0.09%
ETF Database Category Average
Expense Ratio
0.55%
FactSet Segment Average
Expense Ratio
0.60%

Tax Analysis

Max ST Capital Gains Rate 39.60%
Max LT Capital Gains Rate 20.00%
Tax On Distributions Qualified dividends
Distributes K1 No
ESG Themes and Scores
6.67/10
ESG Score
55.49%
Global Percentile
43.05%
Peer Percentile
    • Revenue Exposure to Environmental Impact (%)
      6.68%
      Higher is better, no ESG score impact
    • Severe Environment Controversies (%)
      4.17%
      Lower improves ESG score
    • Sustainable Impact Solutions (%)
      7.74%
      Higher is better, no ESG score impact
    • Weighted Average Carbon Intensity (Tons of CO2e / $M Sales)
      99.09
      Higher is worse, no ESG score impact
    • Fossil Fuel Reserves (%)
      5.36%
      Higher is worse, no ESG score impact
    • High Impact Fossil Fuel Reserves (%)
      5.23%
      Higher is worse, no ESG score impact
    • Water Stress High Risk Business Segment (%)
      5.64%
      Lower improves ESG score
    • Water Stress High Risk Geography (%)
      0.47%
      Lower improves ESG score
    • Water Stress Exposure Moderate (%)
      33.23%
      Lower improves ESG score
    • Water Stress Exposure High (%)
      5.67%
      Lower improves ESG score
    • Water Stress Exposure Low (%)
      60.55%
      Higher improves ESG score
    • Revenue Exposure to Energy Efficiency (%)
      6.05%
      Higher is better, no ESG score impact
    • Revenue Exposure to Alternative Energy (%)
      0.21%
      Higher is better, no ESG score impact
    • Revenue Exposure to Green Building (%)
      0.16%
      Higher is better, no ESG score impact
    • Revenue Exposure to Pollution Prevention (%)
      0.15%
      Higher is better, no ESG score impact
    • Revenue Exposure to Water Sustainability (%)
      0.06%
      Higher is better, no ESG score impact
    • Revenue Exposure to Social Impact (%)
      1.06%
      Higher is better, no ESG score impact
    • Sustainable Impact Solutions (%)
      7.74%
      Higher is better, no ESG score impact
    • SRI Exclusion Criteria (%)
      11.44%
      Higher is worse, no ESG score impact
    • Revenue Exposure to Affordable Real Estate (%)
      0.09%
      Higher is better, no ESG score impact
    • Revenue Exposure to Education (%)
      0.0%
      Higher is better, no ESG score impact
    • Revenue Exposure to Major Disease Treatment (%)
      0.77%
      Higher is better, no ESG score impact
    • Revenue Exposure to Nutrition (%)
      0.1%
      Higher is better, no ESG score impact
    • Revenue Exposure to Sanitation (%)
      0.07%
      Higher is better, no ESG score impact
    • Revenue Exposure to SME Finance (%)
      0.02%
      Higher is better, no ESG score impact
    • Human Rights Norms Violation (%)
      0.0%
      Higher is worse, no ESG score impact
    • Human Rights Norms Violation OR Watch List (%)
      21.65%
      Higher is worse, no ESG score impact
    • Severe Human Rights Controversies (%)
      18.44%
      Lower improves ESG score
    • Labor Norms Violation (%)
      0.0%
      Higher is worse, no ESG score impact
    • Labor Norms Violation OR Watch List (%)
      16.29%
      Higher is worse, no ESG score impact
    • Severe Labor Controversies (%)
      34.9%
      Lower improves ESG score
    • Severe Customer Controversies (%)
      19.72%
      Lower improves ESG score
    • Global Compact Compliance Violation (%)
      0.0%
      Higher is worse, no ESG score impact
    • Global Compact Compliance Violation OR Watch List (%)
      21.28%
      Higher is worse, no ESG score impact
    • Catholic Values Fail (%)
      12.19%
      Higher is worse, no ESG score impact
    • Islamic Non-Compliant (%)
      74.87%
      Higher is worse, no ESG score impact
    • Adult Entertainment Involvement (%)
      5.31%
      Higher is worse, no ESG score impact
    • Alcohol Involvement (%)
      12.12%
      Higher is worse, no ESG score impact
    • Gambling Involvement (%)
      2.26%
      Higher is worse, no ESG score impact
    • Nuclear Power Involvement (%)
      4.64%
      Higher is worse, no ESG score impact
    • Tobacco Involvement (%)
      6.43%
      Higher is worse, no ESG score impact
    • Weapons Involvement (%)
      7.1%
      Higher is worse, no ESG score impact
    • Controversies Weapons Involvement (%)
      0.72%
      Higher is worse, no ESG score impact
    • Civilian Firearms Involvement (%)
      0.74%
      Higher is worse, no ESG score impact
    • Civilian Firearms Retailer (%)
      0.74%
      Higher is worse, no ESG score impact
    • Civilian Firearms Producer (%)
      0.0%
      Higher is worse, no ESG score impact
    • Direct Predatory Lending Involvement (%)
      0.0%
      Higher is worse, no ESG score impact
    • Genetic Engineering Involvement (%)
      0.71%
      Higher is worse, no ESG score impact
    • Severe Governance Controversies (%)
      7.31%
      Lower improves ESG score
    • Board Flag (%)
      10.83%
      Lower improves ESG score
    • Lack of Independent Board Majority (%)
      1.9%
      Lower improves ESG score
    • Board Independence (0-25%) (%)
      0.0%
      Lower improves ESG score
    • Board Independence (25-50%) (%)
      1.9%
      Lower improves ESG score
    • Board Independence (50-75%) (%)
      16.05%
      Higher improves ESG score
    • Board Independence (75-100%) (%)
      81.86%
      Higher improves ESG score
    • No Female Directors (%)
      0.0%
      Lower improves ESG score
    • Three OR More Female Directors (%)
      92.45%
      Higher improves ESG score
    • Females Represent 30% of Directors (%)
      82.96%
      Higher improves ESG score
    • Entrenched Board (%)
      33.92%
      Lower improves ESG score
    • Overboarding (%)
      43.09%
      Lower improves ESG score
    • Negative Director Votes (%)
      38.82%
      Lower improves ESG score
    • Ownership AND Control Flag (%)
      16.64%
      Lower improves ESG score
    • One Share One Vote (%)
      16.89%
      Lower improves ESG score
    • No Annual Director Elections (%)
      8.29%
      Lower improves ESG score
    • Does Not Use Majority Voting (%)
      95.21%
      Lower improves ESG score
    • Significant Votes Against Pay Practices (%)
      27.61%
      Lower improves ESG score
    • Controlling Shareholder (%)
      11.8%
      Lower improves ESG score
    • Controlling Shareholder Concerns (%)
      6.44%
      Lower improves ESG score
    • Cross Shareholdings (%)
      0.0%
      Lower improves ESG score
    • Poison Pill (%)
      0.04%
      Lower improves ESG score
    • Pay Flag (%)
      2.31%
      Lower improves ESG score
    • No Pay Performance Link (%)
      1.86%
      Lower improves ESG score
    • Lack of Internal Pay Equity (%)
      35.94%
      Lower improves ESG score
    • Executive Pay Non-Disclosure (%)
      1.5%
      Lower improves ESG score
    • Accounting Flag (%)
      22.73%
      Lower improves ESG score

SPY Performance

This section shows how this ETF has performed relative to its peers. Returns over 1 year are annualized.

SPY ETF Database
Category Average
Factset Segment
Average
1 Month Return 0.93% 1.55% 0.44%
3 Month Return 9.34% 11.34% 5.16%
YTD Return 28.34% 28.34% 12.57%
1 Year Return 30.18% 30.45% 13.41%
3 Year Return 10.29% 7.24% 3.75%
5 Year Return 15.73% 10.75% 3.07%

Geographic Exposure

The following charts reflect the geographic spread of SPY's underlying holdings.

Region Percentage
North, Central and South America 99.73%
Other 0.21%
Country Percentage
United States 96.99%
Ireland 1.59%
United Kingdom 0.58%
Switzerland 0.27%
Other 0.21%
Netherlands 0.11%
Bermuda 0.1%
Canada 0.09%

Holdings Analysis

The following charts reflect the allocation of SPY's underlying holdings.

Sector Percentage
Electronic Technology 21.74%
Technology Services 20.5%
Finance 12.65%
Retail Trade 8.45%
Health Technology 7.85%
Consumer Non-Durables 3.78%
Producer Manufacturing 3.59%
Consumer Services 3.09%
Consumer Durables 2.84%
Commercial Services 2.76%
Energy Minerals 2.5%
Utilities 2.36%
Health Services 1.75%
Process Industries 1.54%
Transportation 1.4%
Industrial Services 0.92%
Communications 0.89%
Distribution Services 0.63%
Non-Energy Minerals 0.45%
CASH 0.21%
Miscellaneous 0.04%
Market Cap Percentage
Large 98.93%
Mid 0.86%
Small 0.0%
Micro 0.0%
Region Percentage
Asset Percentage
Share/Common/Ordinary 99.73%
CASH 0.21%
Sector Percentage
Electronic Technology 21.74%
Technology Services 20.5%
Finance 12.65%
Retail Trade 8.45%
Health Technology 7.85%
Consumer Non-Durables 3.78%
Producer Manufacturing 3.59%
Consumer Services 3.09%
Consumer Durables 2.84%
Commercial Services 2.76%
Energy Minerals 2.5%
Utilities 2.36%
Health Services 1.75%
Process Industries 1.54%
Transportation 1.4%
Industrial Services 0.92%
Communications 0.89%
Distribution Services 0.63%
Non-Energy Minerals 0.45%
CASH 0.21%
Miscellaneous 0.04%

SPY Technicals

Volatility Analysis

This section shows how the volatility of this ETF compares to the peer group ETF Database Category.

5 Day Volatility 26.85%
20 Day Volatility 8.13%
50 Day Volatility 10.82%
200 Day Volatility 14.08%
Beta 1.0
Standard Deviation 39.01%
5 Day Volatility
26.85%
Rank
106 of 200

20 Day Volatility
8.13%
Rank
161 of 200

50 Day Volatility
10.82%
Rank
150 of 200

200 Day Volatility
14.08%
Rank
146 of 199

Beta
1.0
Rank
108 of 194

Standard Deviation
39.01%
Rank
2 of 198

Technicals

  • 20 Day MA $599.29
  • 60 Day MA $585.45
  • MACD 15 Period 1.82
  • MACD 100 Period 34.36
  • Williams % Range 10 Day 48.92
  • Williams % Range 20 Day 18.80
  • RSI 10 Day 58
  • RSI 20 Day 61
  • RSI 30 Day 61
  • Ultimate Oscillator 51

Bollinger Bands

  • Lower Bollinger (10 Day) $601.30
  • Upper Bollinger (10 Day) $609.14
  • Lower Bollinger (20 Day) $584.88
  • Upper Bollinger (20 Day) $613.33
  • Lower Bollinger (30 Day) $573.13
  • Upper Bollinger (30 Day) $616.55

Support & Resistance

  • Support Level 1 $603.39
  • Support Level 2 $602.44
  • Resistance Level 1 $606.22
  • Resistance Level 2 $608.10

Stochastic

  • Stochastic Oscillator %D (1 Day) 29.29
  • Stochastic Oscillator %D (5 Day) 49.46
  • Stochastic Oscillator %K (1 Day) 40.50
  • Stochastic Oscillator %K (5 Day) 60.62

Tradability

  • Tracking Difference Median (%) -0.17
  • Tracking Difference Max Upside (%) -0.12
  • Tracking Difference Max Downside (%) -0.21
  • Median Premium Discount (%) 0.01
  • Maximum Premium Discount (%) 0.09
  • Average Spread (%) 1.84
  • Average Spread ($) 1.84

Financial Advisor Report

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 Sheet

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.

Data Lineage

ETF Trends and ETF Database , the preeminent digital platforms for ETF news, research, tools, video, webcasts, native content channels, and more. The ETF Trends and ETF Database brands have been trusted amongst advisors, institutional investors, and individual investors for a combined 25 years. The firms are uniquely positioned to aid advisor’s education, adoption, and usage of ETFs, as well as the asset management community’s transition from traditionally analog to digital interactions with the advisor community.

Our team at ETF Database is committed to making our website the premier source of information on ETF investing with the world’s highest quality ETF tools, content, and resources.

Have Questions? Contact Us.

Powered By:

FactSet
Barchart

Analyst Report Authors

ETF Database analysts have a combined 50 years in the ETF and Financial markets, covering every asset class and investment style. The team monitors new filings, new launches and new issuers to make sure we place each new ETF in the appropriate context so Financial Advisors can construct high quality portfolios.

Disclosures

Copyright © 2024 FactSet Research Systems Inc. All rights reserved.

Copyright MSCI ESG Research LLC [2018]. All Rights Reserved. MSCI ESG Research LLC’s (“MSCI ESG”) Fund Metrics products (the “Information”) provide environmental, social and governance data with respect to underlying securities within more than 23,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted, to nor received approval from, the US SEC or any other regulatory body. None of the information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided “as is” and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information. All Information is provided solely for your internal use, and may not be reproduced or redisseminated in any form without express prior written permission from MSCI. Neither MSCI ESG nor any of its affiliates or any third party involved in or related to creating any Information makes any express or implied warranties, representations or guarantees, and in no event will MSCI ESG or any such affiliate or third party have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) relating to any Information. More information on MSCI ESG Fund Metrics, provided by MSCI ESG Research LLC, can be found at https://www.msci.com/esg-fund-metrics.
© 2024 Market data provided is at least 15-minutes delayed and hosted by Barchart Solutions.

Information is provided 'as is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use, please see disclaimer.

Content continues below advertisement