- ISIN
- US78462F1030
- CUSIP
- 78462F103
- Issuer
- State Street
- Inception Date
- Jan 22, 1993
- Region
- North America (U.S.)
- Category
- S&P 500
- Leveraged
- 1x (No leverage)
- Index Tracked
- S&P 500 Index
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $765B
Share Price Chart
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Performance
SPY Performance Chart
State Street SPDR S&P 500 ETF (SPY) is up 10.1% since the beginning of the year. SPY is currently trading at $747 per share. Investors who bought $1,000 worth of SPY shares 5 years ago would now be looking at an investment worth $1,925.
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Returns By Period
State Street SPDR S&P 500 ETF (SPY) has returned 10.09% so far this year and 27.05% over the past 12 months. Looking at the last ten years, SPY has achieved an annualized return of 15.48%, outperforming the S&P 500 Index benchmark, which averaged 13.54% per year.
State Street SPDR S&P 500 ETF
- 1D
- 1.04%
- 1M
- 0.80%
- YTD
- 10.09%
- 6M
- 10.30%
- 1Y
- 27.05%
- 3Y*
- 20.82%
- 5Y*
- 14.00%
- 10Y*
- 15.48%
Benchmark (S&P 500 Index)
- 1D
- 0.00%
- 1M
- -0.34%
- YTD
- 8.39%
- 6M
- 8.57%
- 1Y
- 24.33%
- 3Y*
- 18.94%
- 5Y*
- 12.24%
- 10Y*
- 13.54%
SPY Monthly Returns History
Based on dividend-adjusted daily data since Jan 29, 1993, SPY's average daily return is +0.05%, while the average monthly return is +0.95%. At this rate, an investment would double in approximately 6.1 years.
Historically, 65% of months were positive and 35% were negative. The best month was Apr 2020 with a return of +12.7%, while the worst month was Oct 2008 at -16.5%. The longest winning streak lasted 15 consecutive months, and the longest losing streak was 5 months.
On a daily basis, SPY closed higher 54% of trading days. The best single day was Oct 13, 2008 with a return of +14.5%, while the worst single day was Mar 16, 2020 at -10.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.47% | -0.86% | -4.94% | 10.51% | 5.26% | -1.03% | 10.09% | ||||||
| 2025 | 2.69% | -1.27% | -5.57% | -0.87% | 6.28% | 5.14% | 2.30% | 2.05% | 3.56% | 2.38% | 0.19% | 0.08% | 17.72% |
| 2024 | 1.59% | 5.22% | 3.27% | -4.03% | 5.06% | 3.53% | 1.21% | 2.34% | 2.10% | -0.89% | 5.96% | -2.41% | 24.89% |
| 2023 | 6.29% | -2.51% | 3.71% | 1.60% | 0.46% | 6.48% | 3.27% | -1.63% | -4.74% | -2.17% | 9.13% | 4.57% | 26.18% |
| 2022 | -5.27% | -2.95% | 3.76% | -8.78% | 0.23% | -8.25% | 9.21% | -4.08% | -9.24% | 8.13% | 5.56% | -5.76% | -18.18% |
| 2021 | -1.02% | 2.78% | 4.54% | 5.29% | 0.66% | 2.24% | 2.44% | 2.98% | -4.66% | 7.02% | -0.80% | 4.62% | 28.73% |
Benchmark Metrics
State Street SPDR S&P 500 ETF has an annualized alpha of 1.91%, beta of 1.00, and R2 of 0.97 versus S&P 500 Index. Calculated based on daily prices since January 29, 1993.
- This ETF captured 105.14% of S&P 500 Index gains but only 96.22% of its losses - a favorable profile for investors.
- With beta of 1.00 and R2 of 0.97, 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
- 1.91%
- Beta
- 1.00
- R²
- 0.97
- Upside Capture
- 105.14%
- Downside Capture
- 96.22%
Expense Ratio
SPY has an expense ratio of 0.09%, which is considered low.
Return for Risk
Risk / Return Rank
SPY ranks 68 for risk / return — better than 68% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for State Street SPDR S&P 500 ETF (SPY) 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.
| SPY | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.22 | ||
| Sortino ratioReturn per unit of downside risk | +0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.35 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.02 | 2.66 | +0.37 |
| Martin ratioReturn relative to average drawdown | 13.61 | 11.86 | +1.74 |
Dividends
Dividend History
State Street SPDR S&P 500 ETF provided a 1.01% dividend yield over the last twelve months, with an annual payout of $7.53 per share. The fund has been increasing its distributions for 16 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $7.53 | $7.28 | $7.07 | $6.63 | $6.32 | $5.72 | $5.69 | $5.62 | $5.10 | $4.80 | $4.54 | $4.21 |
Dividend yield | 1.01% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Monthly Dividends
The table displays the monthly dividend distributions for State Street 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 | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $1.80 | $0.00 | $0.00 | $1.90 | $3.70 | ||||||
| 2025 | $0.00 | $0.00 | $1.70 | $0.00 | $0.00 | $1.76 | $0.00 | $0.00 | $1.83 | $0.00 | $0.00 | $1.99 | $7.28 |
| 2024 | $0.00 | $0.00 | $1.59 | $0.00 | $0.00 | $1.76 | $0.00 | $0.00 | $1.75 | $0.00 | $0.00 | $1.97 | $7.07 |
| 2023 | $0.00 | $0.00 | $1.51 | $0.00 | $0.00 | $1.64 | $0.00 | $0.00 | $1.58 | $0.00 | $0.00 | $1.91 | $6.63 |
| 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 | $6.32 |
| 2021 | $0.00 | $0.00 | $1.28 | $0.00 | $0.00 | $1.38 | $0.00 | $0.00 | $1.43 | $0.00 | $0.00 | $1.63 | $5.72 |
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 S&P 500 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 S&P 500 ETF was 55.19%, occurring on Mar 9, 2009. Recovery took 869 trading sessions.
The current State Street SPDR S&P 500 ETF drawdown is 1.44%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -55.19%Mar 2009 | 1y 5mo | 3y 5mo | 4y 10moOct 2007 - Aug 2012 |
Dot-com crash2000–2002 | -47.52%Oct 2002 | 2y 6mo | 4y 18d | 6y 7moMar 2000 - Oct 2006 |
COVID crash2020 | -33.72%Mar 2020 | 1mo 2d | 4mo 20d | 5mo 22dFeb 2020 - Aug 2020 |
Bear market2022 | -24.50%Oct 2022 | 9mo 11d | 1y 2mo | 1y 11moJan 2022 - Dec 2023 |
Rate-hike selloffLate 2018 | -19.35%Dec 2018 | 3mo 4d | 3mo 19d | 6mo 23dSep 2018 - Apr 2019 |
Drawdown Indicators
| SPY | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.19% | -56.78% | +1.59% |
Max Drawdown (1Y)Largest decline over 1 year | -8.88% | -9.10% | +0.22% |
Max Drawdown (3Y)Largest decline over 3 years | -18.76% | -18.90% | +0.14% |
Max Drawdown (5Y)Largest decline over 5 years | -24.50% | -25.43% | +0.93% |
Max Drawdown (10Y)Largest decline over 10 years | -33.72% | -33.92% | +0.20% |
Current DrawdownCurrent decline from peak | -1.44% | -2.49% | +1.05% |
Average DrawdownAverage peak-to-trough decline | -9.04% | -10.72% | +1.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.97% | 2.03% | -0.06% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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