State Street SPDR Portfolio S&P 500 ETF (SPYM) belongs to the S&P 500 category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with SPYM. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to SPYM
SPYM charges 0.02% annually. No ETFs in the S&P 500 category have lower expense ratios; the lowest-cost alternatives shown here go as low as 0.03%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| iShares Core S&P 500 ETF | 0.03% | 869.20B | May 2000 | SPYM vs IVV | |
| Vanguard S&P 500 ETF | 0.03% | 1.70T | Sep 2010 | SPYM vs VOO | |
| SPDR Portfolio S&P 500 Value ETF | 0.04% | 36.23B | Sep 2000 | SPYM vs SPYV | |
| State Street SPDR Portfolio S&P 500 Growth ETF | 0.04% | 51.09B | Sep 2000 | SPYM vs SPYG | |
| State Street SPDR Portfolio S&P 500 High Dividend ... | 0.07% | 8.75B | Oct 2015 | SPYM vs SPYD |
Best Risk-Adjusted Alternatives to SPYM
SPYM has a PortfoliosLab risk / return rank of 68. There are 49 ETFs in the S&P 500 category with higher risk-adjusted ranks, going as high as 98.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | 98 | 21.00M | Apr 2025 | SPYM vs CPSP | |
| PGIM S&P 500 Max Buffer ETF - May | 98 | — | Apr 2025 | SPYM vs PMMY | |
| Calamos S&P 500 Structured Alt Protection ETF - Ma... | 97 | 56.60M | May 2024 | SPYM vs CPSM | |
| PGIM S&P 500 Max Buffer ETF - February | 96 | — | Jan 2025 | SPYM vs PMFB | |
| Calamos S&P 500 Structured Alt Protection ETF - Se... | 96 | 32.20M | Sep 2024 | SPYM vs CPST |
Top Performing SPYM Alternatives (YTD)
SPYM is at 10.15% YTD. There are 45 ETFs in the S&P 500 category with higher YTD returns, going as high as 40.96%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Direxion Daily S&P 500 High Beta Bull 3X Shares | 40.96% | 75.02M | Nov 2019 | SPYM vs HIBL | |
| Invesco S&P 500 Equal Weight Energy ETF | 35.64% | 573.56M | Nov 2006 | SPYM vs RSPG | |
| Invesco S&P 500 Equal Weight Technology ETF | 32.97% | 5.46B | Jan 2006 | SPYM vs RSPT | |
| ProShares Ultra S&P 500 Equal Weight ETF | 22.76% | 41.27M | Aug 2025 | SPYM vs URSP | |
| Direxion Daily S&P 500 Bull 3X ETF | 22.10% | 6.60B | Nov 2008 | SPYM vs SPXL |
Lowest Volatility Alternatives to SPYM
SPYM has 12.83% 1-year volatility. There are 65 ETFs in the S&P 500 category with lower 1-year volatility, going as low as 1.40%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| PGIM S&P 500 Max Buffer ETF - May | 1.40% | — | Apr 2025 | SPYM vs PMMY | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | 1.40% | 21.00M | Apr 2025 | SPYM vs CPSP | |
| Calamos S&P 500 Structured Alt Protection ETF - Ma... | 1.66% | 56.60M | May 2024 | SPYM vs CPSM | |
| PGIM S&P 500 Max Buffer ETF - January | 2.03% | 4.58M | Dec 2024 | SPYM vs PMJA | |
| Calamos S&P 500 Structured Alt Protection ETF - Ju... | 2.04% | 26.40M | Jun 2025 | SPYM vs CPSU |
Lowest Drawdown Alternatives to SPYM
SPYM has a 1-year max drawdown of -8.90%. There are 59 ETFs in the S&P 500 category with shallower 1-year drawdowns, going as shallow as -0.37%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | -0.37% | 21.00M | Apr 2025 | SPYM vs CPSP | |
| Calamos S&P 500 Structured Alt Protection ETF - Ma... | -0.49% | 56.60M | May 2024 | SPYM vs CPSM | |
| PGIM S&P 500 Max Buffer ETF - May | -0.60% | — | Apr 2025 | SPYM vs PMMY | |
| Calamos S&P 500 Structured Alt Protection ETF - Ju... | -1.03% | 26.40M | Jun 2025 | SPYM vs CPSU | |
| PGIM S&P 500 Max Buffer ETF - June | -1.15% | — | May 2025 | SPYM vs PMJN |
Other ETFs from State Street
The 10 most viewed State Street ETFs shown here include SPY, GLD, XLK and span 11 categories. AUM among these funds goes as high as $789B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | S&P 500 | 67 | 10.13% | 789.06B | Jan 1993 | SPYM vs SPY | |
| SPDR Gold Shares | Gold, Precious Metals | 30 | -6.25% | 130.32B | Nov 2004 | SPYM vs GLD | |
| State Street Technology Select Sector SPDR ETF | Technology Equities | 55 | 22.09% | 115.56B | Dec 1998 | SPYM vs XLK | |
| State Street Energy Select Sector SPDR ETF | Energy Equities | 76 | 35.03% | 38.64B | Dec 1998 | SPYM vs XLE | |
| SPDR Gold MiniShares Trust | Gold, Precious Metals | 31 | -6.13% | 27.37B | Jun 2018 | SPYM vs GLDM | |
| State Street Utilities Select Sector SPDR ETF | Utilities Equities | 21 | 5.28% | 23.07B | Dec 1998 | SPYM vs XLU | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | Government Bonds, Ultrashort Bond | 100 | 2.08% | 47.03B | May 2007 | SPYM vs BIL | |
| State Street Health Care Select Sector SPDR ETF | Health & Biotech Equities | 72 | 5.90% | 42.10B | Dec 1998 | SPYM vs XLV | |
| State Street SPDR Dow Jones Industrial Average ETF... | Large Cap Blend Equities | 70 | 9.95% | 44.89B | Jan 1998 | SPYM vs DIA | |
| State Street Financial Select Sector SPDR ETF | Financials Equities | 27 | 4.86% | 57.61B | Dec 1998 | SPYM vs XLF |
Often Compared With SPYM
Investors most often compare SPYM with QQQM, SPMO, VTI. These 20 comparison targets span 12 categories, based on PortfoliosLab usage data.
Compare SPYM with Any Fund or Stock
Compare SPYM with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair SPYM with funds that move differently
State Street SPDR Portfolio S&P 500 ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to SPYM.
Explore SPYM Diversifiers