ETFdb Logo
ETFdb Logo
  • ETF Database
  • Channels
    • Themes
      • Active ETF
      • Artificial Intelligence
      • Beyond Basic Beta
      • China Insights
      • Climate Insights
      • Core Strategies
      • Crypto
      • Disruptive Technology
      • Energy Infrastructure
      • ETF Building Blocks
      • ETF Investing
      • ETF Education
      • ETF Strategist
      • Financial Literacy
      • Fixed Income
      • Free Cash Flow
      • Innovative ETFs
      • Institutional Income Strategies
      • Leveraged & Inverse
      • Managed Futures
      • Market Insights
      • Modern Alpha
      • Multifactor
      • Responsible Investing
      • Retirement Income
      • Tax Efficient Income
    • Asset Class
      • Equity
        • U.S. Equity
        • Int'l Developed
        • Emerging Market Equities
      • Alternatives
        • Commodities
        • Gold/Silver/Critical Minerals
        • Currency
        • Volatility
      • Fixed Income
        • Investment Grade Corporates
        • US Treasuries & TIPS
        • High Yield Corporates
        • Int'l Fixed Income
    • ETF Ecosystem
    • ETFs in Canada
  • Tools
    • ETF Screener
    • ETF Country Exposure Tool
    • ETF Sector Tracker Tool
    • ETF Database Categories
    • Head-To-Head ETF Comparison Tool
    • ETF Stock Exposure Tool
    • ETF Issuer Fund Flows
    • Indexes
    • Mutual Fund To ETF Converter
  • Research
    • ETF Education
    • Equity Investing
    • Dividend ETFs
    • Leveraged ETFs
    • Inverse ETFs
    • Index Education
    • Index Insights
    • Top ETF Sectors
    • Top ETF Issuers
    • Top ETF Industries
  • Webcasts
  • Themes
    • AI ETFs
    • Blockchain ETFs
    • See all Thematic Investing ETF themes
    • ESG Investing
    • Marijuana ETFs
  • Multimedia
    • ETF 360 Video Series
    • ETF of the Week Podcast
    • ETF Prime Podcast
    • Video
  • Company
    • About VettaFi
    • Get VettaFi’ed
  • PRO
    • Pro Content
    • Pro Tools
    • Advanced
    • FAQ
    • Pricing
    • Free Sign Up
    • Login
  1. ETF of the Week: SPDR S&P 500 ETF Trust
News
Share

ETF of the Week: SPDR S&P 500 ETF Trust

Nick Peters-GoldenJan 26, 2023
2023-01-26

Happy birthday, SPDR S&P 500 ETF Trust (SPY A)! The granddaddy of all ETFs just turned 30 and was the subject of this week’s “ETF of the Week” podcast. VettaFi’s vice chairman Tom Lydon discussed the strategy with Chuck Jaffe of “Money Life” for this week’s pod.

Serenaded by Paul McCartney’s rendition of “Happy Birthday,” and perhaps “The Beatles of ETFs,” Jaffe and Lydon took the time to reflect on just how far SPY has come.

“It’s crazy to think 30 years ago when the first U.S. ETF started by State Street Global Advisors, it was a small group of people and coming out of the big correction we saw in 1987, the group and the industry tried to find other ways of liquidity,” Lydon said.

“Liquidity really should be the middle name of SPY, because that’s what it’s all about. From a liquidity standpoint, this is really its claim to fame. It trades $39 billion in money every day, which is unbelievable when you think about it,” he added.

While there are other strategies out there that have tried to replicate SPY by tacking the S&P 500, SPY’s tight, consistent spreads – trading at a penny – are traits that “most other ETFs could only dream of replicating.”

Jaffe noted in return that SPY as much as any ETF inspired index pioneer and Vanguard founder Jack Bogle in his dislike for ETFs, as he didn’t want index funds to be used the way the SPDR is used. The pair spoke to the use cases for SPY, and how it holds up compared to other low fee S&P 500 ETFs as a long term hold compared to its tradability as well as whether SPY’s descendants can beat their much-vaunted ancestor.

“What we’re doing here is tipping our caps, Chuck, to what State Street Global Advisors and the team that crated SPY did 30 years ago, it’s pretty impressive,” Lydon said. “This is what the ETF industry was built on and today we continue to see more and more innovation – but if we hadn’t experienced all the success that this group had 30 years ago, we may not be where we are today.”


Content continues below advertisement

Listen to the Whole Episode Covering SPY Here:

For more news, information, and analysis, visit VettaFi| ETFDB.

» Popular Pages

  • Tickers
  • Articles

Oct 04

BondBloxx: High Yield to Remain Resilient Going Into 2024

Oct 04

Crypto Prices Begin October With a Surge

Oct 04

Stocks Are Becoming Weaker

Oct 04

Calamos Launches Convertible Equity Alternative ETF

Oct 04

Get Factor-Based U.S. Equity ETF Exposure in OUSA

Oct 04

These Sectors Are Standing Out For H2 2023

Oct 04

Responsibly Avoid Greenwashing With This ETF

Oct 04

Analyst Sees Wheat Strength Despite Rough Third Quarter

Oct 04

Bitcoin Bounce Could Materialize This Month

Oct 04

Energy Sector Shareholder Rewards Take Center Stage

QQQ

Invesco QQQ Trust Series I

SPY

SPDR S&P 500 ETF Trust

VOO

Vanguard S&P 500 ETF

SMH

VanEck Semiconductor ETF

TLT

iShares 20+ Year Treasury...

VGT

Vanguard Information...

XLU

Utilities Select Sector SPDR...

VTI

Vanguard Total Stock Market...

XLK

Technology Select Sector SPDR...

TSLY

YieldMax TSLA Option Income...


Content continues below advertisement

Loading Articles...
Our Sites
  • VettaFi
  • Advisor Perspectives
  • ETF Trends
Tools
  • ETF Screener
  • Mutual Fund to ETF Converter
  • Head-To-Head ETF Comparison
  • ETF Country Exposure Tool
  • ETF Stock Exposure Tool
  • ETF Database Pro
More Tools
  • Financial Advisor & RIA Center
Explore ETFs
  • ETF News
  • ETF Category Reports
  • Premium Articles
  • Alphabetical Listing of ETFs
  • Browse ETFs by ETF Database Category
  • Browse ETFs by Index
  • Browse ETFs by Issuer
  • Compare ETFs
Information
  • Contact Us
  • Terms of Use and Privacy Policy
  • © 2023 VettaFi LLC. All rights reserved.

Advertisement

Is Your Portfolio Positioned With Enough Global Exposure?

ETF Education Channel

How to Allocate Commodities in Portfolios

Tom LydonApr 26, 2022
2022-04-26

A long-running debate in asset allocation circles is how much of a portfolio an investor should...

Core Strategies Channel

Why ETFs Experience Limit Up/Down Protections

Karrie GordonMay 13, 2022
2022-05-13

In a digital age where information moves in milliseconds and millions of participants can transact...

}
X