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SPDR S&P 500 ETF (SPY)

ETF · Currency in USD · Last updated May 27, 2023

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

ISINUS78462F1030
CUSIP78462F103
IssuerState Street
Inception DateJan 22, 1993
RegionNorth America (U.S.)
CategoryLarge Cap Growth Equities
Index TrackedS&P 500 Index
ETF Home Pagewww.ssga.com
Asset ClassEquity

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.


0.09%
0.00%2.15%

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.


800.00%1,000.00%1,200.00%1,400.00%1,600.00%December2023FebruaryMarchAprilMay
1,571.29%
858.44%
SPY (SPDR S&P 500 ETF)
Benchmark (^GSPC)

S&P 500

Compare to other instruments

Search for stocks, ETFs, and funds to compare with SPY

SPDR S&P 500 ETF

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%.


PeriodReturnBenchmark
1 month0.98%0.86%
Year-To-Date10.25%9.53%
6 months5.28%4.45%
1 year2.86%1.14%
5 years (annualized)11.22%9.36%
10 years (annualized)11.81%9.79%

Monthly Returns Heatmap


JanFebMarAprMayJunJulAugSepOctNovDec
20236.29%-2.51%3.71%1.60%
20228.13%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 ratioSortino ratioOmega ratioCalmar ratioUlcer Index
SPY
SPDR S&P 500 ETF
0.35
^GSPC
S&P 500
0.27

Sharpe Ratio Chart

The Sharpe ratio shows whether the portfolio's excess returns are due to smart investment decisions or a result of taking a higher risk. The higher a portfolio's Sharpe ratio, the better its risk-adjusted performance.

The current SPDR S&P 500 ETF Sharpe ratio is 0.35. A Sharpe ratio between 0 and 1.0 is considered sub-optimal.

The chart below displays rolling 12-month Sharpe Ratio.


-0.80-0.60-0.40-0.200.000.200.40December2023FebruaryMarchAprilMay
0.35
0.27
SPY (SPDR S&P 500 ETF)
Benchmark (^GSPC)

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.


PeriodTTM20222021202020192018201720162015201420132012
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.


JanFebMarAprMayJunJulAugSepOctNovDec
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.


-22.00%-20.00%-18.00%-16.00%-14.00%-12.00%-10.00%December2023FebruaryMarchAprilMay
-10.31%
-12.32%
SPY (SPDR S&P 500 ETF)
Benchmark (^GSPC)

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, 2007355Mar 9, 2009869Aug 16, 20121224
-47.52%Mar 27, 2000637Oct 9, 20021020Oct 26, 20061657
-33.72%Feb 20, 202023Mar 23, 202097Aug 10, 2020120
-24.5%Jan 4, 2022195Oct 12, 2022
-19.35%Sep 21, 201865Dec 24, 201875Apr 12, 2019140

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.


3.00%4.00%5.00%6.00%7.00%8.00%December2023FebruaryMarchAprilMay
3.82%
3.82%
SPY (SPDR S&P 500 ETF)
Benchmark (^GSPC)

Alternatives


SymbolInceptionExpense RatioYTD Ret.10Y Ann. Ret.Div. YieldMax. DrawdownSharpe RatioSortino ratioOmega ratioCalmar ratioUlcer Index
ITOTJan 20, 20040.03%9.4%11.4%1.9%-55.2%0.3
IVVMay 15, 20000.04%10.3%11.8%1.9%-55.3%0.4
SPLGNov 15, 20050.03%10.3%12.2%1.9%-54.5%0.4
SPYDOct 21, 20150.07%-9.3%6.9%6.7%-46.4%-0.8
SPYGSep 25, 20000.04%14.6%13.3%1.2%-67.8%0.3
VOOSep 7, 20100.03%10.3%11.8%1.9%-34.0%0.4
VTJun 24, 20080.07%8.6%8.0%2.3%-50.3%0.3
VTIMay 24, 20010.03%9.4%11.3%1.9%-55.5%0.3

Portfolios with SPDR S&P 500 ETF


Portfolio NameYTD Return10Y ReturnDiv. Yield10Y VolatilityMax. DrawdownExpense RatioSharpe RatioSortino ratioOmega ratioCalmar ratioUlcer Index
S&P 500 Portfolio10.25%11.77%1.86%17.51%-55.19%0.09%0.35