SPY is the best-recognized and oldest US listed ETF and typically tops rankings for largest AUM and greatest trading volume. The fund tracks the massively popular US index, the S&P 500. Few realize that S&P's index committee chooses 500 securities to represent the US large-cap space - not necessarily the 500 largest by market cap, which can lead to some omissions of single names. Still, the index offers outstanding exposure to the US large-cap space. It's important to note, SPY is a unit investment trust, an older but entirely viable structure. As a UIT, SPY must fully replicate its index (it probably would anyway) and forgo the small risk and reward of securities lending. It also can`t reinvest portfolio dividends between distributions, the resulting cash drag will slightly hurt performance in up markets and help in downtrends. SPY is a favored vanilla trading vehicle.
Holdings and distributions sourced from SPDR fund filingsupdated daily
Top holdings
View holdings
Dividends
Full historyIs SPY a good investment?
SPY is an equity ETF that provides exposure to technology companies. It holds approximately 504 securities and charges an annual expense ratio of 0.09%. Technology makes up 39% of the portfolio, so performance leans heavily on that sector.
Strengths
- Low 0.09% expense ratio, equal to approximately $9.00 a year on every $10,000 invested
- Dividend has grown ~6% annually over the past decade
- Spread across 504 holdings, the largest just 8.1% of the fund
Trade-offs
- Technology is 39% of the fund, so sector shifts move it
- Yield of 0.99% is below dedicated income funds
This is an analysis of the fund's characteristics, not a recommendation. Whether SPY suits any individual depends on their goals, time horizon, risk tolerance and the rest of their portfolio.
Performance & returns
Full performance| Price return | YTD | 1 year | 3 year | 5 year | 10 year | Since incept. |
|---|---|---|---|---|---|---|
| SPY | +11.7% | +15.0% | +71.7% | +75.5% | +256.8% | +1633.1% |
| S&P 500 (SPY) | +11.7% | +15.0% | +71.7% | +75.5% | +256.8% | — |
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Get The Add-in - FreeSPY frequently asked questions
SPY charges a 0.09% expense ratio, yields 0.99% and has grown its distribution roughly 6% a year over the past decade. Whether it suits any individual depends on their goals, time horizon, risk tolerance and the rest of their portfolio, and this is not investment advice.
SPY has an expense ratio of 0.09%, which works out to $9.00 per year on a $10,000 investment. That is at the low end for an ETF, so more of the return stays with the investor.
SPY pays dividends quarterly, four times a year. Its distribution has grown roughly 6% per year over the past decade. See the full payment history and ex-dates.
SPY holds 504 positions. Its largest sectors are technology, financial services, communication services and consumer cyclical. The largest position is NVIDIA at 8.1% of the fund. See the full holdings page for the largest positions and sector weights.