SDY
State Street SPDR S&P Dividend ETF
SPDR S&P Dividend ETF is an exchange traded fund incorporated in the USA. The Fund's objective is to replicate the price and yield of the S&P High Yield Dividend Aristocrats Index. The Index measures the performance of 50 highest dividend yielding S&P Composite 1500 constituents that have followed a managed dividends policy of consistently increasing dividends every year for 25 years.
US
EQUITY
Passive
MANAGEMENT STYLE
$ 20.5 B
ASSETS UNDER MGMT
35 bp
EXPENSES
Fund Basics
| Inception date | Nov 08, 2005 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Quarterly |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| VERIZON COMMUNICATIONS INC | 3.7 % |
| CHEVRON CORP | 2.4 % |
| REALTY INCOME CORP | 2.4 % |
| TARGET CORP | 2.3 % |
| EXXON MOBIL CORP | 1.9 % |
| PEPSICO INC | 1.8 % |
| WEC ENERGY GROUP INC | 1.6 % |
| KENVUE, INC. | 1.6 % |
| KIMBERLY-CLARK CORP | 1.6 % |
| CONSOLIDATED EDISON INC | 1.6 % |
Constituent Breakdown
| Number of holdings | 153 |
| Herfindahl-Hirschman Index | 105 |
| Wgt avg mkt cap (mns) | $102,101 |
| Large cap (>$10bn) | 88.5% |
| Mid cap ($2-10bn) | 9.7% |
| Small cap (<$2bn) | 0.1% |
| Developed mkts. | 98.3% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 94.4 % |
 |
IRELAND | 2.2 % |
 |
BRITAIN | 1.0 % |
 |
SWITZERLAND | 0.6 % |
Historical Performance
Standardized Performance (as of 02/28/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 12.1% | 12.8% | 11.4% | 7.4% | 7.1% | 7.7% | 5.3% | 5.4% |
| Dividend Yield | 0.0% | 3.0% | 2.9% | 2.9% | 2.9% | 3.3% | 3.8% | 3.8% |
| Total Returns | 12.1% | 15.8% | 14.3% | 10.3% | 10.0% | 10.9% | 9.1% | 9.2% | Ann. Volatility | 9.9% | 14.2% | 12.5% | 12.6% | 14.2% | 17.1% | 19.2% | 19.1% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.52 | 49% |
| MSCI EAFE | 0.61 | 50% |
| MSCI Emg Mkts | 0.43 | 29% |
Liquidity Measures
| Avg. volume (000) | 222 |
| ADV traded (mns) | $32 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.02% |
Technical Indicators
| 30d moving avg. (EMA) | $147.89 |
| Relative strength (RSI) | 44 |
| MACD/Signal | -1.67/-1.24 |
| Bollinger Bands (Upper/Lower) | $154.73/$141.41 |
| Short interest (% of AUM) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. SDY |
Expenses vs. SDY |
ALTAR Score™ vs. SDY |
|---|---|---|---|---|
| SNPD | Xtrackers S&P ESG Dividend Aristocrats ETF | 61.6% | -20 bp | +0.2% |
| NOBL | ProShares S&P 500 Dividend Aristocrats ETF | 53.2% | 0 bp | -0.8% |
| VSDA | VictoryShares Dividend Accelerator ETF | 43.8% | 0 bp | +0.3% |
| TMDV | ProShares Russell US Dividend Growers ETF | 39.6% | 0 bp | +0.1% |
| LGLV | State Street SPDR US Large Cap Low Volatility Index ETF | 33.5% | -23 bp | -0.4% |
| SPLV | Invesco S&P 500 Low Volatility ETF | 32.2% | -10 bp | -1.2% |
| XRLV | Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF | 32.0% | -10 bp | -1.4% |
| FVD | First Trust Value Line Dividend Index Fund | 31.9% | +30 bp | -0.3% |
| PFM | Invesco Dividend Achievers ETF | 31.5% | +18 bp | -1.0% |
| CDL | VictoryShares US Large Cap High Dividend Volatility Wtd ETF | 31.5% | 0 bp | +0.8% |
Risk and Returns: SDY vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 3/31/2026
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
6.6%
ALTAR SCORE™
64th
PERCENTILE
OVERWEIGHT
ETFRC RATING
There are 1,196 funds in the US Equity category with an average
ALTAR Score™ of 5.9% and a standard deviation
of 2.1%. SDY's ALTAR Score™ is approximately 0.4 standard
deviations above the category average. This places SDY in the 64th percentile
among funds in the category.
Sell-Side Consensus
$166.25
PRICE TARGET
+15.1%
UPSIDE