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 (SDY) is a dividend income-focused ETF, issued by State Street Investment Management. With an overall rank of #220 out of 458 tracked ETFs, it is positioned as the 14th ETF in its category of 20 tracked dividend income ETFs. The expense ratio of 0.35% and a dividend yield of 2.41% make it relatively cost-effective and income-generating. The fund's price of $158.44 and assets under management (AUM) of $23.5B suggest strong investor adoption, indicating a significant level of interest and investment in this fund.

Over the past year, the SDY has shown a steady performance with a 1-year return of +14.99%, which is slightly below the top performers in its category, such as VYMI (+29.48% 1Y) and SCHD (+32.31% 1Y). The 1-month return of +2.94% and the 3-month return of +7.18% indicate a positive trend, but the 1-week return of -0.06% suggests some short-term volatility. The 1-day return of +0.23% further supports the idea of a generally positive but somewhat volatile short-term performance. The 3-year return of +41.09% shows a strong long-term trend, indicating that the fund has consistently outperformed over the past three years.

The SDY is labeled as having low volatility, with a beta of 0.57, which suggests that it is less sensitive to market movements compared to the broader market. The Sharpe ratio of 0.93 indicates a good risk-adjusted return, suggesting that the fund provides a reasonable return for the level of risk taken. The maximum drawdown of -14.39% reflects the fund's worst performance during a downturn, which is relatively moderate. Together, these figures imply that the SDY is a relatively stable investment with moderate risk, suitable for investors seeking a balanced approach to dividend income and capital preservation.

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

SDY Top Holdings

Holdings as of 2026-03-31 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 20.7% 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 4 of the same companies as SDY's top 10 (9.7% 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: 4.69% (as of 2026-08-20) — 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): 16.01 (as of 2026-08-20) — 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: 3.63% (as of 2026-07-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

See it in a portfolio

SDY isn't one of the twelve funds in the portfolio game, but SCHD — Dividend Payers — sits in the same category and is. It is an equivalent, not a substitute: different holdings, different fee, different returns.

Free, no sign-up, virtual money only.

SDY Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 1.86% and average daily volume is 221K/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $23.5B 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