SDY — State Street SPDR S&P Dividend ETF

SDY Price Performance — Growth of $10,000

Value of a $10,000 investment in SDY over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

SDY Drawdown

The "underwater" chart: SDY's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

The State Street SPDR S&P Dividend ETF is a Dividend Income fund managed by State Street Investment Management with $20.4 billion in assets. It holds an overall rank of #192 out of 458 tracked ETFs and sits at #15 of 20 within its specific category, receiving an ETFValuer grade of C. The fund charges an expense ratio of 0.35%, which is higher than the category median of 0.29%, while offering a dividend yield of 2.53% compared to the median 2.86%. Top holdings comprise 17.1% of assets, with Verizon Communications Inc representing the largest single position at 2.1%.

The ETF has been available for 3.0 years, during which its grade has remained unchanged at C for the last 35 tracked days. Short-term performance shows a divergence, with a 1-month decline of -1.90% contrasting against a 1-week gain of +1.27%. Over longer horizons, the fund posted a 1-year return of +9.35%, trailing the category median of +13.79%, while the 3-year return stands at +42.10%. The current price of $149.37 places the fund at 56.3% of its 52-week range.

With a beta of 0.53, the fund exhibits lower sensitivity to market movements, accompanied by an annualised volatility of 10.83% labelled as Low. A Sharpe ratio of 0.40 suggests modest risk-adjusted returns, while the maximum drawdown recorded is -14.39%. Liquidity is indicated by an average daily volume of 192,804 shares. These metrics collectively describe a record of relatively subdued price fluctuations and moderate downside exposure.

AI-generated summary based on the data on this page.

SDY Top Holdings

Holdings as of 2026-06-30 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 17.1% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how SDY's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With SDY

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with SDY's top 10 — DHS overlaps most, holding 3 of the same companies as SDY's top 10 (5.3% of SDY's assets).

Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.

Market Backdrop

10-Year Treasury Yield: 5.28% (as of 2026-10-07) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 15.08 (as of 2026-10-07) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.75% (as of 2026-09-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

SDY Liquidity, Domicile & Tax Treatment

Liquidity: Average daily volume is 193K/day. Higher volume and a larger fund generally mean lower round-trip trading costs. AUM of $20.4B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: SDY is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

SDY Performance History

How SDY Compares to Other Dividend Income ETFs