SPDR Portfolio S&P 600 Small Cap ETF (SPSM) belongs to the Small Cap Blend Equities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with SPSM. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to SPSM
SPSM charges 0.05% annually. There is 1 ETF in the Small Cap Blend Equities category with a lower expense ratio, going as low as 0.04%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| iShares Morningstar Small-Cap ETF | 0.04% | 275.08M | Jun 2004 | SPSM vs ISCB | |
| Vanguard Small-Cap ETF | 0.05% | 177.40B | Jan 2004 | SPSM vs VB | |
| iShares Core S&P Small-Cap ETF | 0.06% | 103.49B | May 2000 | SPSM vs IJR | |
| JPMorgan BetaBuilders U.S. Small Cap Equity ETF | 0.09% | 732.58M | Nov 2020 | SPSM vs BBSC | |
| Vanguard Russell 2000 ETF | 0.10% | 16.60B | Sep 2010 | SPSM vs VTWO |
Best Risk-Adjusted Alternatives to SPSM
SPSM has a PortfoliosLab risk / return rank of 58. There are 26 ETFs in the Small Cap Blend Equities category with higher risk-adjusted ranks, going as high as 88.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Invesco NASDAQ Future Gen 200 ETF | 88 | 18.47M | Oct 2022 | SPSM vs QQQS | |
| First Trust Small Cap Core AlphaDEX Fund | 83 | 1.27B | May 2007 | SPSM vs FYX | |
| Fidelity Enhanced Small Cap ETF | 82 | 5.00B | Dec 2007 | SPSM vs FESM | |
| JPMorgan Fundamental Data Science Small Core ETF | 79 | 8.82M | Aug 2024 | SPSM vs SCDS | |
| iShares Micro-Cap ETF | 78 | 1.44B | Aug 2005 | SPSM vs IWC |
Top Performing SPSM Alternatives (YTD)
SPSM is at 15.28% YTD. There are 28 ETFs in the Small Cap Blend Equities category with higher YTD returns, going as high as 29.47%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Invesco NASDAQ Future Gen 200 ETF | 29.47% | 18.47M | Oct 2022 | SPSM vs QQQS | |
| JPMorgan Fundamental Data Science Small Core ETF | 23.60% | 8.82M | Aug 2024 | SPSM vs SCDS | |
| Inspire Small/Mid Cap Impact ETF | 23.54% | 318.37M | Feb 2017 | SPSM vs ISMD | |
| Allspring SMID Core ETF | 22.72% | 33.92M | Jul 2025 | SPSM vs ASCE | |
| iShares Micro-Cap ETF | 21.51% | 1.44B | Aug 2005 | SPSM vs IWC |
Lowest Volatility Alternatives to SPSM
SPSM has 17.47% 1-year volatility. There are 37 ETFs in the Small Cap Blend Equities category with lower 1-year volatility, going as low as 6.21%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| ProShares Russell 2000 Dynamic Daily Buffer ETF | 6.21% | — | Jun 2025 | SPSM vs RB | |
| First Trust Horizon Managed Volatility Small/Mid E... | 10.37% | 31.42M | Apr 2020 | SPSM vs HSMV | |
| OShares U.S. Small-Cap Quality Dividend ETF | 13.16% | 876.85M | Dec 2016 | SPSM vs OUSM | |
| 6 Meridian Small Cap Equity ETF | 13.24% | 106.31M | May 2020 | SPSM vs SIXS | |
| Opus Small Cap Value Plus ETF | 13.35% | 685.56M | Jul 2018 | SPSM vs OSCV |
Lowest Drawdown Alternatives to SPSM
SPSM has a 1-year max drawdown of -8.72%. There are 18 ETFs in the Small Cap Blend Equities category with shallower 1-year drawdowns, going as shallow as -6.15%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Pacer US Small Cap Cash Cows 100 ETF | -6.15% | 3.51B | Jun 2017 | SPSM vs CALF | |
| Hypatia Women CEO ETF | -6.96% | 5.55M | Jan 2023 | SPSM vs WCEO | |
| 6 Meridian Small Cap Equity ETF | -7.16% | 106.31M | May 2020 | SPSM vs SIXS | |
| VictoryShares US Small Cap High Dividend Volatilit... | -7.18% | 260.47M | Jul 2015 | SPSM vs CSB | |
| Opus Small Cap Value Plus ETF | -7.55% | 685.56M | Jul 2018 | SPSM vs OSCV |
Other ETFs from State Street
The 10 most viewed State Street ETFs shown here include SPY, GLD, XLK and span 10 categories. AUM among these funds goes as high as $781B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | S&P 500 | 70 | 10.91% | 781.00B | Jan 1993 | SPSM vs SPY | |
| SPDR Gold Shares | Gold, Precious Metals | 32 | 2.92% | 150.37B | Nov 2004 | SPSM vs GLD | |
| State Street Technology Select Sector SPDR ETF | Technology Equities | 83 | 36.47% | 121.66B | Dec 1998 | SPSM vs XLK | |
| State Street SPDR Portfolio S&P 500 Growth ETF | S&P 500, Large Cap Growth Equities | 57 | 13.75% | 53.61B | Sep 2000 | SPSM vs SPYG | |
| State Street SPDR Portfolio S&P 500 High Dividend ... | S&P 500, Dividend | 41 | 10.34% | 7.30B | Oct 2015 | SPSM vs SPYD | |
| State Street Energy Select Sector SPDR ETF | Energy Equities | 63 | 32.17% | 38.95B | Dec 1998 | SPSM vs XLE | |
| SPDR Gold MiniShares Trust | Gold, Precious Metals | 32 | 3.00% | 30.87B | Jun 2018 | SPSM vs GLDM | |
| State Street SPDR Portfolio S&P 500 ETF | S&P 500 | 70 | 10.98% | 146.68B | Nov 2005 | SPSM vs SPYM | |
| State Street Utilities Select Sector SPDR ETF | Utilities Equities | 19 | 3.11% | 22.40B | Dec 1998 | SPSM vs XLU | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | Government Bonds, Ultrashort Bond | 100 | 1.49% | 45.99B | May 2007 | SPSM vs BIL |
Often Compared With SPSM
Investors most often compare SPSM with IWM, AVUV, SCHA. These 20 comparison targets span 8 categories, based on PortfoliosLab usage data.
Compare SPSM with Any Fund or Stock
Compare SPSM with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair SPSM with funds that move differently
SPDR Portfolio S&P 600 Small Cap ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to SPSM.
Explore SPSM Diversifiers