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

$41.0 B

ASSETS UNDER MGMT

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorSSgA Funds Management Inc
CategoryUS
Asset classEquity
Websitelink...
Inception dateNov 08, 2005
Assets (mns)$41,005
Expense ratio2 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsQuarterly
Taxation1099
Stock selectionMarket Cap
WeightingMarket Cap
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings Complete list  + 
MICROSOFT CORP 7.1 %
APPLE INC 7.0 %
NVIDIA CORP 6.7 %
AMAZON.COM INC 3.8 %
META PLATFORMS INC 2.3 %
ALPHABET INC. CLASS A 2.3 %
ALPHABET INC. CLASS C 1.9 %
BERKSHIRE HATHAWAY INC-CL B 1.6 %
ELI LILLY & CO 1.6 %
BROADCOM INC. 1.6 %
Constituent Breakdown
Number of holdings502
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)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
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...BetaR-squared
S&P 5000.99100%
MSCI EAFE0.8975%
MSCI Emg Mkts0.6440%
Liquidity Measures
Avg. volume (000)5,448
Turnover0.9%
Avg. Bid/Ask (% of price)0.02%
ADV of underlying (mns)$490,197
Technical Indicators
Recent close$64.99
30d moving avg.$62.00
Annualized volatility17.8%
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)

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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 --%
2.7 20.9 3.8 1.4% --
Based on closing prices from 7/18/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
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

5.1%

Cat. Avg

5.7%

Fund Category: US

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™5.1%
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 41st percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

Composite
SPLG
Peer Average
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 .