SPYD
SPDR Portfolio S&P 500 High Dividend ETF
The SPDR S&P 500 High Dividend ETF tracks an index of the 80 highest-yielding stocks selected from the S&P 500. Stocks are equally weighted.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
6.8 B
ASSETS UNDER MGMT
7 bp
EXPENSES
Fund Basics
| Fund sponsor | State Street Global Advisors |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Oct 21, 2015 |
| Assets (mns) | $6,837 |
| Expense ratio | 7 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-End Investment Company |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Dividends |
| Weighting | Equal |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| PHILIP MORRIS INTERNATIONAL | 1.9 % |
| HASBRO INC | 1.7 % |
| CVS CAREMARK CORP | 1.7 % |
| AT&T INC | 1.7 % |
| FRANKLIN RESOURCES INC | 1.6 % |
| CROWN CASTLE INTL CORP | 1.5 % |
| ALTRIA GROUP INC | 1.5 % |
| EVERSOURCE ENERGY | 1.5 % |
| VICI PROPERTIES INC | 1.5 % |
| EXELON CORP | 1.5 % |
Constituent Breakdown
| Number of holdings | 77 |
| Herfindahl-Hirschman Index | 131 |
| Wgt avg mkt cap (mns) | $49,508 |
| Large cap (>$10bn) | 88.1% |
| Mid cap ($2-10bn) | 11.4% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 99.3% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 97.2 % |
 |
BRITAIN | 2.3 % |
Historical Performance
Standardized Performance (as of 06/30/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -1.9% | 5.5% | 7.0% | 2.1% | 8.8% | -- | -- | 3.5% |
| Dividend Yield | 0.0% | 1.1% | 3.1% | 3.6% | 4.3% | -- | -- | 4.6% |
| Total Returns | -1.9% | 6.6% | 10.1% | 5.6% | 13.1% | -- | -- | 8.1% | Ann. Volatility | 19.0% | 15.9% | 15.5% | 17.1% | 18.4% | -- | -- | 20.2% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.91 | 62% |
| MSCI EAFE | 0.93 | 68% |
| MSCI Emg Mkts | 0.67 | 37% |
Liquidity Measures
| Avg. volume (000) | 1,099 |
| ADV traded (mns) | $47 |
| Turnover | 0.7% |
| Avg. Bid/Ask (% of price) | 0.03% |
Technical Indicators
| Recent close | $42.44 |
| 30d moving avg. | $42.45 |
| Annualized volatility | 18.7% |
| Relative strength (RSI) | 48 |
| Short interest | 0.4% |
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. |
Expenses vs. |
ALTAR Score™ vs. |
|---|---|---|---|---|
| SPHD | Invesco S&P 500 High Dividend Low Volatility ETF | 57.0% | +23 bp | 0.0% |
| CDL | VictoryShares US Large Cap High Dividend Volatility Wtd ETF | 46.4% | +28 bp | 0.0% |
| CDC | VictoryShares US EQ Income Enhanced Volatility Wtd ETF | 46.3% | +31 bp | 0.0% |
| DVY | iShares Select Dividend ETF | 44.9% | +31 bp | 0.0% |
| SDOG | ALPS Sector Dividend Dogs ETF | 43.5% | +29 bp | 0.0% |
| SPDV | AAM S&P 500 High Dividend Value ETF | 39.7% | +22 bp | 0.0% |
| RDIV | Invesco S&P Ultra Dividend Revenue ETF | 36.3% | +32 bp | 0.0% |
| DIVG | Invesco S&P 500 High Dividend Growers ETF | 35.0% | +32 bp | 0.0% |
| DHS | WisdomTree U.S. High Dividend Fund | 33.0% | +31 bp | 0.0% |
| FDL | First Trust Morningstar Dividend Leaders Index Fund | 32.3% | +38 bp | 0.0% |
Risk and Returns: 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
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| 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 | 2024 | 2025 | 2026 | |
| 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 7/1/2025
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
AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may be less relevant.
ALTAR Score™
SPYD
0.0%
Cat. Avg
4.9%
ALTAR Score™ Calculation
Category Overview
There are 42 funds in the US Equity category, with an average ALTAR Score™
of 4.9% and a standard deviation of
2.1%. SPYD's ALTAR Score™ is approximately
0.0 standard deviations
below
the category average. This places SPYD in the percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
SPYDSELL
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 |
| (7 bp) Percentile rank | 12 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| SPYD | 7.0 | 0.0 | 7 |
| Peer Avg. | 37.5 | 15.5 | 52.9 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .