SPSM
State Street SPDR Portfolio S&P 600 Small Cap ETF
SPSM tracks the S&P Small Cap 600 index of small-cap U.S. stocks.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
$ 15.8 B
ASSETS UNDER MGMT
3 bp
EXPENSES
Fund Basics
| Inception date | Jul 08, 2013 |
| 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 +
| FORMFACTOR INC | 0.6 % |
| VIASAT INC | 0.6 % |
| QORVO INC | 0.6 % |
| MATCH GROUP, INC. | 0.5 % |
| PROTAGONIST THERAPEUTICS, INC. | 0.5 % |
| GLAUKOS CORP | 0.5 % |
| PAYCOM SOFTWARE INC | 0.5 % |
| RYMAN HOSPITALITY PROPERTIES | 0.5 % |
| JACKSON FINANCIAL INCORPORATION CLASS A | 0.5 % |
| TG THERAPEUTICS INC | 0.5 % |
Constituent Breakdown
| Number of holdings | 578 |
| Herfindahl-Hirschman Index | 24 |
| Wgt avg mkt cap (mns) | $4,182 |
| Large cap (>$10bn) | 1.7% |
| Mid cap ($2-10bn) | 78.8% |
| Small cap (<$2bn) | 13.8% |
| Developed mkts. | 95.3% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 93.6 % |
 |
IRELAND | 0.6 % |
 |
BERMUDA | 0.5 % |
Historical Performance
Standardized Performance (as of 09/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 12.8% | 14.1% | 7.8% | 12.7% | 4.4% | 7.9% | -- | 7.6% |
| Dividend Yield | 1.3% | 1.9% | 1.9% | 2.1% | 1.8% | 1.8% | -- | 1.8% |
| Total Returns | 14.1% | 16.0% | 9.6% | 14.8% | 6.2% | 9.7% | -- | 9.4% | Ann. Volatility | 15.6% | 16.3% | 20.0% | 20.1% | 21.1% | 22.9% | -- | 21.6% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.96 | 59% |
| MSCI EAFE | 0.72 | 50% |
| MSCI Emg Mkts | 0.39 | 38% |
Liquidity Measures
| Avg. volume (000) | 1,786 |
| ADV traded (mns) | $95 |
| Turnover | 0.6% |
| Avg. Bid/Ask (% of price) | 0.02% |
Technical Indicators
| 30d moving avg. (EMA) | $57.06 |
| Relative strength (RSI) | 61 |
| MACD/Signal | 0.52/0.46 |
| Bollinger Bands (Upper/Lower) | $58.74/$55.73 |
| Short interest (% of AUM) | 0.6% |
Distributions
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. SPSM |
Expenses vs. SPSM |
ALTAR Score™ vs. SPSM |
|---|---|---|---|---|
| IJR | iShares Core S&P Small Cap ETF | 93.9% | +3 bp | -0.1% |
| VIOO | Vanguard S&P Small-Cap 600 ETF | 92.0% | +4 bp | -0.1% |
| XJR | iShares ESG Screened S&P Small-Cap ETF | 83.2% | +9 bp | -0.6% |
| QVMS | Invesco S&P SmallCap 600 QVM Multi-factor ETF | 74.4% | +12 bp | -0.2% |
| SLYV | State Street SPDR S&P 600 Small Cap Value ETF | 63.0% | +12 bp | +2.3% |
| IJS | iShares S&P Small-Cap 600 Value ETF | 62.8% | +15 bp | +2.3% |
| VIOV | Vanguard S&P Small-Cap 600 Value ETF | 61.4% | +7 bp | +2.1% |
| SLYG | State Street SPDR S&P 600 Small Cap Growth ETF | 59.7% | +12 bp | -2.7% |
| IJT | iShares S&P Small-Cap 600 Growth ETF | 59.6% | +15 bp | -2.7% |
| VIOG | Vanguard S&P Small-Cap 600 Growth ETF | 58.7% | +7 bp | -2.5% |
Risk and Returns: SPSM 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 10/8/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
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
7.3%
ALTAR SCORE™
79th
PERCENTILE
OVERWEIGHT
ETFRC RATING
There are 1,392 funds in the US Equity category with an average
ALTAR Score™ of 5.5% and a standard deviation
of 2.2%. SPSM's ALTAR Score™ is approximately 0.8 standard
deviations above the category average. This places SPSM in the 79th percentile
among funds in the category.
Sell-Side Consensus
$67.59
PRICE TARGET
+26.9%
UPSIDE