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

6.9 B

ASSETS UNDER MGMT

7 bp

EXPENSES
Fund Basics
Fund sponsorState Street Global Advisors
CategoryUS
Asset classEquity
Websitelink...
Inception dateOct 21, 2015
Assets (mns)$6,901
Expense ratio7 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-End Investment Company
DistributionsQuarterly
Taxation1099
Stock selectionDividends
WeightingEqual
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings Complete list  + 
KELLOGG CO 1.6 %
ENTERGY CORP 1.5 %
ONEOK INC 1.5 %
WILLIAMS COS INC 1.5 %
KINDER MORGAN INC 1.5 %
BRISTOL-MYERS SQUIBB CO 1.5 %
KENVUE, INC. 1.5 %
MORGAN STANLEY 1.4 %
XCEL ENERGY INC 1.4 %
M & T BANK CORP 1.4 %
Constituent Breakdown
Number of holdings80
Herfindahl-Hirschman Index 125
Wgt avg mkt cap (mns)$55,676
Large cap (>$10bn)93.4%
Mid cap ($2-10bn)6.6%
Small cap (<$2bn)0.0%
Developed mkts.100.0%
Emerging mkts.0.0%
Country Exposure
UNITED STATES 96.9 %
BRITAIN 2.1 %
Historical Performance


Standardized Performance (as of 11/30/2024)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns 24.5% 34.8% 12.2% 11.7% 9.3% -- 10.2%
Volatility 12.6% 14.4% 15.9% 17.1% 25.0% -- --
Market Correlations
versus...BetaR-squared
S&P 5000.8462%
MSCI EAFE0.9069%
MSCI Emg Mkts0.6940%
Liquidity Measures
Avg. volume (000)823
Turnover0.5%
Avg. Bid/Ask (% of price)0.03%
ADV of underlying (mns)$18,932
Technical Indicators
Recent close$45.15
30d moving avg.$45.38
Annualized volatility18.9%
Relative strength (RSI)55
Short interest (ETF)0.6%
Short interest (underlying)3.5%
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: SPYD 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 --%
1.4 12.7 1.6 4.5% --
Based on closing prices from 12/13/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
SPYD



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

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™

SPYD

9.0%

Cat. Avg

5.4%


ALTAR Score™ Calculation

Category Overview
There are 977 funds in the US Equity category, with an average ALTAR Score™ of 5.4% and a standard deviation of 2.5%. SPYD's ALTAR Score™ is approximately 1.5 standard deviations above the category average. This places SPYD in the 93rd percentile among funds in the category.
Sell Side Consensus Rating

Sell-side recommendations on the ETF's individual constituents

SPYD
Peer Average
SELL
U/W
HOLD
O/W
BUY
Factor Scorecard

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Expense Analysis

Peer Group Rules-Based
US Equity ETFs
# of ETFs 609
Avg. Expense Ratio 46.6 bp
Std. Deviation 32.9 bp
SPYD (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 2.8 9.8
Peer Avg. 37.1 14.9 52.1
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .