SPDR S&P 500 ETF (SPY)
SPY, also known as the SPDR S&P 500 ETF, is a passive exchange-traded fund that tracks the performance of the S&P 500 Index. It was developed by State Street Global Advisors, a leading asset management company, and was first introduced on the market on January 22, 1993. SPY provides investors with a simple and cost-effective way to gain exposure to the broad U.S. stock market, as it holds a basket of 500 large-cap stocks representing the overall market. The fund has a very low expense ratio of 0.09%, which means it is relatively inexpensive to own and hold in a portfolio. Additionally, SPY is highly liquid and is traded on major exchanges, making it easy to buy and sell on demand. Overall, SPY is a popular choice among investors looking to diversify their portfolios and take advantage of the long-term growth potential of the stock market.
ETF Info
| ISIN | US78462F1030 |
|---|---|
| CUSIP | 78462F103 |
| Issuer | State Street |
| Inception Date | Jan 22, 1993 |
| Region | North America (U.S.) |
| Category | Large Cap Growth Equities |
| Index Tracked | S&P 500 Index |
| ETF Home Page | www.ssga.com |
| Asset Class | Equity |
Asset Class Size | Large-Cap |
Asset Class Style | Blend |
Expense Ratio
The SPDR S&P 500 ETF has an expense ratio of 0.09% which is considered to be low.
Share Price Chart
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Performance
The chart shows the growth of an initial investment of $10,000 in SPDR S&P 500 ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Compare to other instruments
Popular comparisons: SPY vs. SCHD, SPY vs. SPLG, SPY vs. QQQ, SPY vs. SPYD, SPY vs. VTI, SPY vs. VOO, SPY vs. IVV, SPY vs. BRK-B, SPY vs. RSP, SPY vs. ARKK
Return
SPDR S&P 500 ETF had a return of 10.25% year-to-date (YTD) and 2.86% in the last 12 months. Over the past 10 years, SPDR S&P 500 ETF had an annualized return of 11.81%, outperforming the S&P 500 benchmark which had an annualized return of 9.79%.
| Period | Return | Benchmark |
|---|---|---|
| 1 month | 0.98% | 0.86% |
| Year-To-Date | 10.25% | 9.53% |
| 6 months | 5.28% | 4.45% |
| 1 year | 2.86% | 1.14% |
| 5 years (annualized) | 11.22% | 9.36% |
| 10 years (annualized) | 11.81% | 9.79% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 6.29% | -2.51% | 3.71% | 1.60% | ||||||||
| 2022 | 8.13% | 5.56% | -5.76% |
Risk-Adjusted Performance
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P 500 ETF (SPY) and S&P 500 (^GSPC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Ulcer Index | |
|---|---|---|---|---|---|
SPY SPDR S&P 500 ETF | 0.35 | ||||
^GSPC S&P 500 | 0.27 |
Dividend History
SPDR S&P 500 ETF granted a 1.86% dividend yield in the last twelve months. The annual payout for that period amounted to $7.83 per share.
| Period | TTM | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $7.83 | $6.32 | $5.72 | $5.69 | $5.62 | $5.10 | $4.80 | $4.54 | $4.21 | $3.84 | $3.35 | $3.10 |
Dividend yield | 1.86% | 1.66% | 1.23% | 1.57% | 1.84% | 2.19% | 1.97% | 2.26% | 2.35% | 2.17% | 2.15% | 2.63% |
Monthly Dividends
The table displays the monthly dividend distributions for SPDR S&P 500 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | $0.00 | $0.00 | $1.51 | $0.00 | ||||||||
| 2022 | $0.00 | $0.00 | $1.37 | $0.00 | $0.00 | $1.58 | $0.00 | $0.00 | $1.60 | $0.00 | $0.00 | $1.78 |
| 2021 | $0.00 | $0.00 | $1.28 | $0.00 | $0.00 | $1.38 | $0.00 | $0.00 | $1.43 | $0.00 | $0.00 | $1.64 |
| 2020 | $0.00 | $0.00 | $1.41 | $0.00 | $0.00 | $1.37 | $0.00 | $0.00 | $1.34 | $0.00 | $0.00 | $1.58 |
| 2019 | $0.00 | $0.00 | $1.23 | $0.00 | $0.00 | $1.43 | $0.00 | $0.00 | $1.38 | $0.00 | $0.00 | $1.57 |
| 2018 | $0.00 | $0.00 | $1.10 | $0.00 | $0.00 | $1.25 | $0.00 | $0.00 | $1.32 | $0.00 | $0.00 | $1.44 |
| 2017 | $0.00 | $0.00 | $1.03 | $0.00 | $0.00 | $1.18 | $0.00 | $0.00 | $1.23 | $0.00 | $0.00 | $1.35 |
| 2016 | $0.00 | $0.00 | $1.05 | $0.00 | $0.00 | $1.08 | $0.00 | $0.00 | $1.08 | $0.00 | $0.00 | $1.33 |
| 2015 | $0.00 | $0.00 | $0.93 | $0.00 | $0.00 | $1.03 | $0.00 | $0.00 | $1.03 | $0.00 | $0.00 | $1.21 |
| 2014 | $0.00 | $0.00 | $0.82 | $0.00 | $0.00 | $0.94 | $0.00 | $0.00 | $0.94 | $0.00 | $0.00 | $1.13 |
| 2013 | $0.00 | $0.00 | $0.69 | $0.00 | $0.00 | $0.84 | $0.00 | $0.00 | $0.84 | $0.00 | $0.00 | $0.98 |
| 2012 | $0.61 | $0.00 | $0.00 | $0.69 | $0.00 | $0.00 | $0.78 | $0.00 | $0.00 | $1.02 |
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below shows the maximum drawdowns of the SPDR S&P 500 ETF. A maximum drawdown is an indicator of risk. It shows a reduction in portfolio value from its maximum due to a series of losing trades.
The maximum drawdown since January 2010 for the SPDR S&P 500 ETF is 55.19%, recorded on Mar 9, 2009. It took 869 trading sessions for the portfolio to recover.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -55.19% | Oct 10, 2007 | 355 | Mar 9, 2009 | 869 | Aug 16, 2012 | 1224 |
| -47.52% | Mar 27, 2000 | 637 | Oct 9, 2002 | 1020 | Oct 26, 2006 | 1657 |
| -33.72% | Feb 20, 2020 | 23 | Mar 23, 2020 | 97 | Aug 10, 2020 | 120 |
| -24.5% | Jan 4, 2022 | 195 | Oct 12, 2022 | — | — | — |
| -19.35% | Sep 21, 2018 | 65 | Dec 24, 2018 | 75 | Apr 12, 2019 | 140 |
Volatility Chart
The current SPDR S&P 500 ETF volatility is 3.82%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.
Alternatives
| Symbol | Inception | Expense Ratio | YTD Ret. | 10Y Ann. Ret. | Div. Yield | Max. Drawdown | Sharpe Ratio | Sortino ratio | Omega ratio | Calmar ratio | Ulcer Index |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ITOT | Jan 20, 2004 | 0.03% | 9.4% | 11.4% | 1.9% | -55.2% | 0.3 | ||||
| IVV | May 15, 2000 | 0.04% | 10.3% | 11.8% | 1.9% | -55.3% | 0.4 | ||||
| SPLG | Nov 15, 2005 | 0.03% | 10.3% | 12.2% | 1.9% | -54.5% | 0.4 | ||||
| SPYD | Oct 21, 2015 | 0.07% | -9.3% | 6.9% | 6.7% | -46.4% | -0.8 | ||||
| SPYG | Sep 25, 2000 | 0.04% | 14.6% | 13.3% | 1.2% | -67.8% | 0.3 | ||||
| VOO | Sep 7, 2010 | 0.03% | 10.3% | 11.8% | 1.9% | -34.0% | 0.4 | ||||
| VT | Jun 24, 2008 | 0.07% | 8.6% | 8.0% | 2.3% | -50.3% | 0.3 | ||||
| VTI | May 24, 2001 | 0.03% | 9.4% | 11.3% | 1.9% | -55.5% | 0.3 |
Portfolios with SPDR S&P 500 ETF
| Portfolio Name | YTD Return | 10Y Return | Div. Yield | 10Y Volatility | Max. Drawdown | Expense Ratio | Sharpe Ratio | Sortino ratio | Omega ratio | Calmar ratio | Ulcer Index |
|---|---|---|---|---|---|---|---|---|---|---|---|
| S&P 500 Portfolio | 10.25% | 11.77% | 1.86% | 17.51% | -55.19% | 0.09% | 0.35 |