SPYM
State Street 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
94.4 B
ASSETS UNDER MGMT
2 bp
EXPENSES
Fund Basics
| Fund sponsor | SSgA Funds Management Inc |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Nov 08, 2005 |
| Assets (mns) | $94,436 |
| 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 +
| NVIDIA CORP | 8.0 % |
| APPLE INC | 6.9 % |
| MICROSOFT CORP | 6.4 % |
| AMAZON.COM INC | 4.1 % |
| BROADCOM INC. | 2.9 % |
| ALPHABET INC. CLASS A | 2.8 % |
| META PLATFORMS INC | 2.3 % |
| ALPHABET INC. CLASS C | 2.3 % |
| TESLA MOTORS INC | 2.1 % |
| BERKSHIRE HATHAWAY INC-CL B | 1.6 % |
Constituent Breakdown
| Number of holdings | 503 |
| Herfindahl-Hirschman Index | 225 |
| Wgt avg mkt cap (mns) | $1,447,473 |
| Large cap (>$10bn) | 99.2% |
| Mid cap ($2-10bn) | 0.5% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 99.7% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 97.3 % |
 |
IRELAND | 1.4 % |
Historical Performance
Standardized Performance (as of 10/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 16.0% | 19.6% | 27.5% | 20.8% | 15.8% | 12.5% | -- | 9.0% |
| Dividend Yield | 0.4% | 0.8% | 1.3% | 1.5% | 1.6% | 1.9% | -- | 2.0% |
| Total Returns | 16.4% | 20.4% | 28.9% | 22.3% | 17.4% | 14.4% | -- | 11.0% | Ann. Volatility | 19.7% | 18.8% | 15.8% | 15.7% | 16.9% | 18.1% | -- | 19.1% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.99 | 99% |
| MSCI EAFE | 0.51 | 35% |
| MSCI Emg Mkts | 0.39 | 23% |
Liquidity Measures
| Avg. volume (000) | 7,142 |
| ADV traded (mns) | $564 |
| Turnover | 0.6% |
| Avg. Bid/Ask (% of price) | 0.01% |
Technical Indicators
| Recent close | $78.93 |
| 30d moving avg. | $78.71 |
| Annualized volatility | 13.0% |
| Relative strength (RSI) | 61 |
| Short interest | 2.5% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. |
Expenses vs. |
ALTAR Score™ vs. |
|---|---|---|---|---|
| IVV | iShares Core S&P 500 ETF | 99.6% | +1 bp | +4.9% |
| SPY | SPDR S&P 500 ETF | 99.6% | +7 bp | +4.9% |
| VOO | Vanguard S&P 500 ETF | 98.4% | +1 bp | +4.9% |
| SPYX | State Street SPDR S&P 500 Fossil Fuel Reserves Free ETF | 97.1% | +18 bp | +4.7% |
| VOTE | TCW Transform 500 ETF | 96.4% | +3 bp | +4.9% |
| BBUS | JP Morgan Betabuilders U.S. Equity ETF | 96.4% | 0 bp | +4.9% |
| STRV | Strive 500 ETF | 96.2% | +3 bp | +4.8% |
| BKLC | BNY Mellon US Large Cap Core Equity ETF | 96.2% | -2 bp | +4.9% |
| VV | Vanguard Large-Cap ETF | 96.1% | +2 bp | +4.8% |
| ILCB | iShares Morningstar U.S. Equity ETF | 95.9% | +1 bp | +4.8% |
Risk and Returns: SPYM 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 11/9/2025
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
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
ALTAR Score™
SPYM
4.9%
Cat. Avg
5.7%
ALTAR Score™ Calculation
Category Overview
There are 996 funds in the US Equity category, with an average ALTAR Score™
of 5.7% and a standard deviation of
2.4%. SPYM's ALTAR Score™ is approximately
0.3 standard deviations
below
the category average. This places SPYM in the 37th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
SPYMSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based US Equity ETFs |
| # of ETFs | 627 |
| Avg. Expense Ratio | 46.1 bp |
| Std. Deviation | 32.8 bp |
| SPYM (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) |
|
|---|---|---|---|
| SPYM | 2.0 | 1.3 | 3.3 |
| Peer Avg. | 46.1 | 15.6 | 61.7 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .