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
2 bp
EXPENSES
$40.4 B
ASSETS UNDER MGMT
Fund Basics
| Fund sponsor | SSgA Funds Management Inc |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Nov 08, 2005 |
| Assets (mns) | $40,376 |
| 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 +
| MICROSOFT CORP | 7.0 % |
| APPLE INC | 7.0 % |
| NVIDIA CORP | 6.3 % |
| AMAZON.COM INC | 3.6 % |
| META PLATFORMS INC | 2.3 % |
| ALPHABET INC. CLASS A | 2.3 % |
| ALPHABET INC. CLASS C | 1.9 % |
| BERKSHIRE HATHAWAY INC-CL B | 1.7 % |
| BROADCOM INC. | 1.5 % |
| ELI LILLY & CO | 1.5 % |
Constituent Breakdown
| Number of holdings | 502 |
| Herfindahl-Hirschman Index | 208 |
| Wgt avg mkt cap (mns) | $867,410 |
| Large cap (>$10bn) | 99.3% |
| Mid cap ($2-10bn) | 0.5% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 96.7 % |
 |
IRELAND | 1.5 % |
 |
BRITAIN | 0.6 % |
Historical Performance
Standardized Performance (as of 06/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 15.3% | 25.1% | 22.3% | 10.2% | 15.1% | 12.8% | 10.4% | 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 | 0.89 | 75% |
| MSCI Emg Mkts | 0.64 | 40% |
Liquidity Measures
| Avg. volume (000) | 5,560 |
| Turnover | 0.9% |
| Avg. Bid/Ask (% of price) | 0.02% |
| ADV of underlying (mns) | $490,197 |
Technical Indicators
| Recent close | $63.32 |
| 30d moving avg. | $64.98 |
| Annualized volatility | 17.8% |
| 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)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
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 | 99.5% | +1 bp | 0.0% |
| SPY | SPDR S&P 500 ETF Trust | 99.5% | +7 bp | -0.1% |
| SPYX | SPDR S&P 500 Fossil Fuel Reserves Free ETF | 96.6% | +18 bp | -0.3% |
| STRV | Strive 500 ETF | 95.9% | +3 bp | -0.1% |
| PBUS | Invesco MSCI USA ETF | 95.4% | +2 bp | 0.0% |
| ILCB | iShares Morningstar U.S. Equity ETF | 95.0% | +1 bp | 0.0% |
| VOTE | TCW Transform 500 ETF | 94.5% | +3 bp | -0.1% |
| SPXE | ProShares S&P 500 Ex-Energy ETF | 94.4% | +7 bp | -0.1% |
| GSUS | Goldman Sachs MarketBeta U.S. Equity ETF | 94.2% | +5 bp | -0.1% |
| BBUS | JP Morgan Betabuilders U.S. Equity ETF | 94.2% | 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 7/25/2024
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 Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
SPLG
5.3%
Cat. Avg
5.7%
Fund Category: US
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 5.3% |
Recommendation
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.
Category Overview
There are 899 funds in the US category, with an average ALTAR Score™
of 5.7% and a standard deviation of
2.4%. 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.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
SPLG
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
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. | 36.9 | 15.0 | 51.8 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .