- Issuer
- State Street
- Inception Date
- Nov 8, 2005
- 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
- $149B
Share Price Chart
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Performance
SPYM Performance Chart
State Street SPDR Portfolio S&P 500 ETF (SPYM) is up 9.1% since the beginning of the year. SPYM is currently trading at $87 per share. Investors who bought $1,000 worth of SPYM shares 5 years ago would now be looking at an investment worth $1,878.
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Returns By Period
State Street SPDR Portfolio S&P 500 ETF (SPYM) has returned 9.10% so far this year and 24.36% over the past 12 months. Looking at the last ten years, SPYM has achieved an annualized return of 15.52%, outperforming the S&P 500 Index benchmark, which averaged 13.61% per year.
State Street SPDR Portfolio S&P 500 ETF
- 1D
- 0.53%
- 1M
- -0.08%
- YTD
- 9.10%
- 6M
- 9.42%
- 1Y
- 24.36%
- 3Y*
- 20.95%
- 5Y*
- 13.43%
- 10Y*
- 15.52%
Benchmark (S&P 500 Index)
- 1D
- 0.50%
- 1M
- -0.17%
- YTD
- 8.56%
- 6M
- 8.85%
- 1Y
- 22.93%
- 3Y*
- 19.37%
- 5Y*
- 11.84%
- 10Y*
- 13.61%
SPYM Monthly Returns History
Based on dividend-adjusted daily data since Nov 15, 2005, SPYM's average daily return is +0.05%, while the average monthly return is +0.98%. At this rate, an investment would double in approximately 5.9 years.
Historically, 67% of months were positive and 33% were negative. The best month was Apr 2020 with a return of +12.8%, while the worst month was Oct 2008 at -14.8%. The longest winning streak lasted 15 consecutive months, and the longest losing streak was 5 months.
On a daily basis, SPYM closed higher 51% of trading days. The best single day was Mar 24, 2020 with a return of +9.5%, while the worst single day was Mar 16, 2020 at -11.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.47% | -0.79% | -4.99% | 10.48% | 5.31% | -1.96% | 9.10% | ||||||
| 2025 | 2.70% | -1.29% | -5.60% | -0.85% | 6.33% | 5.16% | 2.27% | 2.10% | 3.53% | 2.43% | 0.19% | 0.08% | 17.79% |
| 2024 | 1.65% | 5.17% | 3.31% | -4.01% | 5.01% | 3.55% | 1.13% | 2.41% | 2.18% | -0.93% | 6.00% | -2.42% | 25.00% |
| 2023 | 6.27% | -2.51% | 3.74% | 1.56% | 0.49% | 6.46% | 3.26% | -1.56% | -4.76% | -2.13% | 9.13% | 4.55% | 26.24% |
| 2022 | -5.23% | -2.97% | 3.82% | -8.81% | 0.27% | -8.32% | 9.22% | -4.05% | -9.26% | 8.17% | 5.46% | -5.66% | -18.09% |
| 2021 | -0.93% | 2.73% | 4.57% | 5.21% | 0.67% | 2.29% | 2.44% | 2.97% | -4.67% | 7.00% | -0.69% | 4.51% | 28.78% |
Benchmark Metrics
State Street SPDR Portfolio S&P 500 ETF has an annualized alpha of 3.33%, beta of 0.85, and R2 of 0.81 versus S&P 500 Index. Calculated based on daily prices since November 15, 2005.
- This ETF captured 104.76% of S&P 500 Index gains but only 95.62% of its losses - a favorable profile for investors.
- This ETF generated an annualized alpha of 3.33% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- With beta of 0.85 and R2 of 0.81, 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
- 3.33%
- Beta
- 0.85
- R²
- 0.81
- Upside Capture
- 104.76%
- Downside Capture
- 95.62%
Expense Ratio
SPYM has an expense ratio of 0.02%, which is considered low.
Return for Risk
Risk / Return Rank
SPYM 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 Portfolio S&P 500 ETF (SPYM) 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.
| SPYM | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.13 | ||
| Sortino ratioReturn per unit of downside risk | +0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.34 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.75 | 2.53 | +0.22 |
| Martin ratioReturn relative to average drawdown | 12.42 | 11.37 | +1.05 |
Dividends
Dividend History
State Street SPDR Portfolio S&P 500 ETF provided a 1.29% dividend yield over the last twelve months, with an annual payout of $1.12 per share. The fund has been increasing its distributions for 5 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.12 | $0.91 | $0.88 | $0.80 | $0.76 | $0.70 | $0.68 | $0.68 | $0.65 | $0.55 | $0.52 | $0.48 |
Dividend yield | 1.29% | 1.13% | 1.28% | 1.44% | 1.69% | 1.25% | 1.54% | 1.79% | 2.23% | 1.75% | 1.97% | 1.98% |
Monthly Dividends
The table displays the monthly dividend distributions for State Street SPDR Portfolio 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 | $0.19 | $0.00 | $0.00 | $0.24 | $0.43 | ||||||
| 2025 | $0.00 | $0.00 | $0.22 | $0.00 | $0.00 | $0.21 | $0.00 | $0.00 | $0.24 | $0.00 | $0.00 | $0.24 | $0.91 |
| 2024 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.22 | $0.00 | $0.00 | $0.22 | $0.00 | $0.00 | $0.24 | $0.88 |
| 2023 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.22 | $0.80 |
| 2022 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.21 | $0.76 |
| 2021 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.20 | $0.70 |
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 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 Portfolio S&P 500 ETF was 54.46%, occurring on Mar 9, 2009. Recovery took 764 trading sessions.
The current State Street SPDR Portfolio S&P 500 ETF drawdown is 2.35%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -54.46%Mar 2009 | 1y 5mo | 3y 11d | 4y 5moOct 2007 - Mar 2012 |
COVID crash2020 | -33.87%Mar 2020 | 1mo 2d | 4mo 20d | 5mo 22dFeb 2020 - Aug 2020 |
Bear market2022 | -24.48%Oct 2022 | 9mo 11d | 1y 2mo | 1y 11moJan 2022 - Dec 2023 |
Rate-hike selloffLate 2018 | -19.78%Dec 2018 | 3mo 4d | 3mo 12d | 6mo 16dSep 2018 - Apr 2019 |
2025 selloff2025 | -18.72%Apr 2025 | 1mo 17d | 2mo 19d | 4mo 6dFeb 2025 - Jun 2025 |
Drawdown Indicators
| SPYM | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.46% | -56.78% | +2.32% |
Max Drawdown (1Y)Largest decline over 1 year | -8.90% | -9.10% | +0.20% |
Max Drawdown (3Y)Largest decline over 3 years | -18.72% | -18.90% | +0.18% |
Max Drawdown (5Y)Largest decline over 5 years | -24.48% | -25.43% | +0.95% |
Max Drawdown (10Y)Largest decline over 10 years | -33.87% | -33.92% | +0.05% |
Current DrawdownCurrent decline from peak | -2.35% | -2.34% | -0.01% |
Average DrawdownAverage peak-to-trough decline | -7.15% | -10.72% | +3.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.97% | 2.02% | -0.05% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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