- ISIN
- US78468R8530
- CUSIP
- 78468R853
- Issuer
- State Street
- Inception Date
- Jul 8, 2013
- Region
- North America (U.S.)
- Category
- Small Cap Blend Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- S&P SmallCap 600 Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Small-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $17B
Highlights
- Avg. Volume (1M)
- 2M
- Avg. Volume Value (1M)
- $95.75M
Share Price Chart
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Performance
SPSM Performance Chart
State Street SPDR Portfolio S&P 600 Small Cap ETF (SPSM) is up 21.6% since the beginning of the year. SPSM is currently trading at $57 per share. Investors who bought $1,000 worth of SPSM shares 5 years ago would now be looking at an investment worth $1,434.
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Returns By Period
State Street SPDR Portfolio S&P 600 Small Cap ETF (SPSM) has returned 21.58% so far this year and 36.02% over the past 12 months. Over the last ten years, SPSM has returned 10.94% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
State Street SPDR Portfolio S&P 600 Small Cap ETF
- 1D
- 0.00%
- 1M
- -0.67%
- 6M
- 15.19%
- YTD
- 21.58%
- 1Y
- 36.02%
- 3Y*
- 13.49%
- 5Y*
- 7.48%
- 10Y*
- 10.94%
- ALL TIME*
- 10.05%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
SPSM Monthly Returns History
Based on dividend-adjusted daily data since Jul 9, 2013, SPSM's average daily return is +0.05%, while the average monthly return is +0.96%. At this rate, an investment would double in approximately 6.0 years.
Historically, 64% of months were positive and 36% were negative. The best month was Nov 2020 with a return of +18.0%, while the worst month was Mar 2020 at -22.7%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 4 months.
On a daily basis, SPSM closed higher 52% of trading days. The best single day was Mar 24, 2020 with a return of +9.2%, while the worst single day was Mar 16, 2020 at -13.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 5.55% | 2.20% | -4.07% | 10.43% | 1.07% | 7.32% | -1.91% | 21.58% | |||||
| 2025 | 2.94% | -5.64% | -6.23% | -4.07% | 5.12% | 4.11% | 0.89% | 7.12% | 1.00% | -0.86% | 2.59% | -0.04% | 6.11% |
| 2024 | -3.98% | 3.21% | 3.33% | -5.51% | 4.92% | -2.18% | 10.79% | -1.61% | 0.97% | -2.59% | 10.94% | -8.09% | 8.55% |
| 2023 | 9.52% | -1.26% | -5.18% | -2.75% | -1.74% | 8.16% | 5.61% | -4.24% | -5.91% | -5.77% | 8.31% | 12.81% | 16.11% |
| 2022 | -7.38% | 1.50% | 0.29% | -7.77% | 1.93% | -8.62% | 10.09% | -4.34% | -9.75% | 12.13% | 4.19% | -6.72% | -16.12% |
| 2021 | 6.15% | 7.63% | 3.60% | 1.82% | 2.16% | 0.22% | -2.39% | 2.01% | -2.33% | 3.40% | -2.34% | 4.54% | 26.67% |
Benchmark Metrics
State Street SPDR Portfolio S&P 600 Small Cap ETF has an annualized alpha of -1.92%, beta of 1.06, and R2 of 0.70 versus S&P 500 Index. Calculated based on daily prices since July 09, 2013.
- This ETF participated in 112.43% of S&P 500 Index downside but only 101.04% of its upside - more exposed to losses than it benefited from rallies.
- With beta of 1.06 and R2 of 0.70, this ETF moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- -1.92%
- Beta
- 1.06
- R²
- 0.70
- Upside Capture
- 101.04%
- Downside Capture
- 112.43%
Expense Ratio
SPSM has an expense ratio of 0.03%, which is considered low.
Return for Risk
Risk / Return Rank
SPSM ranks 85 for risk / return — above 85% of ETFs peers on PortfoliosLab. Its historical combined result is among the stronger results in the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for State Street SPDR Portfolio S&P 600 Small Cap ETF (SPSM) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SPSM | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.55 | ||
| Sortino ratioReturn per unit of downside risk | +0.90 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.25 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 3.89 | 2.00 | +1.88 |
| Martin ratioReturn relative to average drawdown | 13.32 | 8.49 | +4.83 |
Dividends
Dividend History
State Street SPDR Portfolio S&P 600 Small Cap ETF provided a 1.39% dividend yield over the last twelve months, with an annual payout of $0.79 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.79 | $0.76 | $0.83 | $0.68 | $0.51 | $0.63 | $0.48 | $0.52 | $0.48 | $0.46 | $0.40 | $0.53 |
Dividend yield | 1.39% | 1.62% | 1.85% | 1.61% | 1.38% | 1.40% | 1.34% | 1.58% | 1.82% | 1.51% | 1.49% | 2.37% |
Monthly Dividends
The table displays the monthly dividend distributions for State Street SPDR Portfolio S&P 600 Small Cap ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.20 | $0.00 | $0.37 | |||||
| 2025 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.24 | $0.76 |
| 2024 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.21 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.28 | $0.83 |
| 2023 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.30 | $0.68 |
| 2022 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.15 | $0.51 |
| 2021 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.27 | $0.63 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the State Street SPDR Portfolio S&P 600 Small Cap ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the State Street SPDR Portfolio S&P 600 Small Cap ETF was 42.89%, occurring on Mar 23, 2020. Recovery took 167 trading sessions.
The current State Street SPDR Portfolio S&P 600 Small Cap ETF drawdown is 1.91%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-42.89%Mar 2020 | 2mo 6d | 7mo 29d | 10mo 5dJan 2020 - Nov 2020 | COVID crash2020 |
-27.94%Apr 2025 | 4mo 13d | 8mo 7d | 1y 15dNov 2024 - Dec 2025 | 2025 selloff2025 |
-26.42%Dec 2018 | 3mo 21d | 1y 23d | 1y 4moSep 2018 - Jan 2020 | Rate-hike selloffLate 2018 |
-26.41%Sep 2022 | 10mo 21d | 1y 9mo | 2y 8moNov 2021 - Jul 2024 | Bear market2022 |
-25.42%Feb 2016 | 7mo 22d | 9mo 4d | 1y 4moJun 2015 - Nov 2016 | — |
Drawdown Indicators
| SPSM | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.89% | -56.78% | +13.89% |
Max Drawdown (1Y)Largest decline over 1 year | -8.72% | -9.10% | +0.38% |
Max Drawdown (3Y)Largest decline over 3 years | -27.94% | -18.90% | -9.04% |
Max Drawdown (5Y)Largest decline over 5 years | -27.94% | -25.43% | -2.51% |
Max Drawdown (10Y)Largest decline over 10 years | -42.89% | -33.92% | -8.97% |
Current DrawdownCurrent decline from peak | -1.91% | -1.58% | -0.33% |
Average DrawdownAverage peak-to-trough decline | -7.84% | -10.70% | +2.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.54% | 2.14% | +0.40% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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