SPLG
SPDR Portfolio S&P 500 ETF
The SPDR Portfolio S&P 500 ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P 500 Index
US
EQUITY
Rules-Based
MANAGEMENT STYLE
48.1 B
ASSETS UNDER MGMT
2 bp
EXPENSES
Fund Basics
| Fund sponsor | SSgA Funds Management Inc |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Nov 08, 2005 |
| Assets (mns) | $48,123 |
| Expense ratio | 2 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| APPLE INC | 7.2 % |
| NVIDIA CORP | 6.8 % |
| MICROSOFT CORP | 6.3 % |
| AMAZON.COM INC | 3.6 % |
| META PLATFORMS INC | 2.5 % |
| ALPHABET INC. CLASS A | 1.9 % |
| BERKSHIRE HATHAWAY INC-CL B | 1.7 % |
| BROADCOM INC. | 1.7 % |
| ALPHABET INC. CLASS C | 1.6 % |
| ELI LILLY & CO | 1.5 % |
Constituent Breakdown
| Number of holdings | 499 |
| Herfindahl-Hirschman Index | 194 |
| Wgt avg mkt cap (mns) | $874,701 |
| Large cap (>$10bn) | 99.4% |
| Mid cap ($2-10bn) | 0.4% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 96.2 % |
 |
IRELAND | 1.6 % |
 |
BRITAIN | 0.6 % |
Historical Performance
Standardized Performance (as of 09/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 22.0% | 36.8% | 29.0% | 12.0% | 16.1% | 13.3% | 10.6% | Volatility | 11.0% | 11.3% | 16.7% | 17.1% | 21.1% | 17.7% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.99 | 100% |
| MSCI EAFE | 0.87 | 74% |
| MSCI Emg Mkts | 0.67 | 42% |
Liquidity Measures
| Avg. volume (000) | 5,649 |
| Turnover | 0.8% |
| Avg. Bid/Ask (% of price) | 0.02% |
| ADV of underlying (mns) | $280,521 |
Technical Indicators
| Recent close | $68.11 |
| 30d moving avg. | $65.75 |
| Annualized volatility | 17.7% |
| Relative strength (RSI) | 64 |
| Short interest (ETF) | 0.4% |
| Short interest (underlying) | 1.5% |
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. SPLG |
Expenses vs. SPLG |
ALTAR Score™ vs. SPLG |
|---|---|---|---|---|
| IVV | iShares Core S&P 500 ETF | 99.1% | +1 bp | 0.0% |
| SPY | SPDR S&P 500 ETF Trust | 99.1% | +7 bp | -0.1% |
| VOO | Vanguard S&P 500 ETF | 99.1% | +1 bp | 0.0% |
| SPYX | SPDR S&P 500 Fossil Fuel Reserves Free ETF | 96.5% | +18 bp | -0.2% |
| VV | Vanguard Large-Cap ETF | 95.9% | +2 bp | -0.1% |
| STRV | Strive 500 ETF | 95.2% | +3 bp | -0.1% |
| PBUS | Invesco MSCI USA ETF | 94.6% | +2 bp | -0.1% |
| ILCB | iShares Morningstar U.S. Equity ETF | 94.4% | +1 bp | -0.1% |
| SPXE | ProShares S&P 500 Ex-Energy ETF | 93.1% | +7 bp | -0.2% |
| BBUS | JP Morgan Betabuilders U.S. Equity ETF | 92.6% | 0 bp | 0.0% |
Risk and Returns: SPLG 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
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| 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 10/25/2024
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
SPLG
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
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
ALTAR Score™
SPLG
5.1%
Cat. Avg
5.6%
ALTAR Score™ Calculation
Category Overview
There are 934 funds in the US Equity category, with an average ALTAR Score™
of 5.6% and a standard deviation of
2.5%. SPLG's ALTAR Score™ is approximately
0.2 standard deviations
below
the category average. This places SPLG in the 42nd percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
SPLGSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based US Equity ETFs |
| # of ETFs | 609 |
| Avg. Expense Ratio | 46.6 bp |
| Std. Deviation | 32.9 bp |
| SPLG (2 bp) Percentile rank | 9 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| SPLG | 2.0 | 1.9 | 3.9 |
| Peer Avg. | 37.8 | 15.4 | 53.2 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .