SDY — State Street SPDR S&P Dividend ETF

Overview

The State Street SPDR S&P Dividend ETF (SDY) operates within the Dividend Income category, which ETFValuer tracks with a total of eight funds. Issued by State Street Investment Management, the fund has accumulated assets under management of $21.4 billion while trading at a price of $153.55. It holds an overall rank of #64 out of 120 tracked ETFs across all categories and has received an ETFValuer grade of C with a score of 61.2 out of 100. Investors seeking income from this vehicle face an expense ratio of 0.35% and currently receive a dividend yield of 2.45%. The substantial asset base and specific yield profile suggest a significant level of investor adoption relative to the broader market. This positioning places the fund as a mid-tier option within its specific category while maintaining a broad presence across the entire ETF universe.

Short-term performance data shows a decline of 1.33% over the last day, followed by a recovery to a 0.90% gain over one week. The fund demonstrated stronger momentum entering the quarter with a 3.08% return over one month and a 6.12% gain over three months. This upward trajectory continued through the half-year mark with a 10.45% return and extended into the year-to-date period with an 11.03% increase. Over the longer term, the fund has delivered a 14.41% return over the past year and a cumulative 34.15% gain over three years. The data indicates a pattern where short-term volatility was quickly resolved into sustained positive returns across the one-year and three-year horizons. While the one-day drop was notable, the consistent growth from the one-month mark through the three-year period highlights a generally positive performance trend.

The fund carries a volatility label of Low and a beta of 0.58, indicating that its price movements have historically been less sensitive to market fluctuations than the broader benchmark. A Sharpe ratio of 0.90 suggests the fund has generated a moderate amount of excess return for each unit of risk taken during the measured period. Despite the lower volatility profile, the fund experienced a maximum drawdown of -14.39%, representing the largest peak-to-trough decline recorded. This combination of a low beta and a defined maximum drawdown implies that while the fund generally moves less than the market, it is still subject to significant corrections during adverse conditions. The risk metrics collectively describe an investment vehicle that offers reduced sensitivity to market swings but retains the potential for substantial temporary losses during downturns.

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.

Market Backdrop

10-Year Treasury Yield: 4.55% (as of 2026-07-07) — 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): 16.13 (as of 2026-07-07) — 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: 3.63% (as of 2026-06-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

SDY Performance History

How SDY Compares to Other Dividend Income ETFs