SLYG — State Street SPDR S&P 600 Small Cap Growth ETF

SLYG Price Performance — Growth of $10,000

Value of a $10,000 investment in SLYG 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.

SLYG Drawdown

The "underwater" chart: SLYG'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 600 Small Cap Growth ETF (SLYG) is a US Small Cap fund managed by State Street Investment Management. With assets under management totaling $5.20 billion and a current price of $114.36, the fund demonstrates significant investor adoption within its sector. It holds an overall rank of #171 out of 458 tracked ETFs across all categories, receiving an ETFValuer grade of B with a score of 65.1 out of 100. The fund charges an expense ratio of 0.15% and offers a dividend yield of 0.64%. There are 18 ETFs tracked by ETFValuer in the US Small Cap category, placing SLYG within a moderately sized group of competitors. The combination of its substantial asset base and mid-tier ranking suggests it is a widely held vehicle for small-cap growth exposure.

Over the last day, the fund declined by 0.19%, following a 0.80% drop over the past week and another 0.80% decrease over the last month. This short-term weakness contrasts sharply with longer-term gains, as the fund posted a 7.70% return over three months and a 12.75% increase over six months. Year-to-date performance has been robust at +20.50%, while the one-year return stands at +25.99%. The three-year return further extends this positive trajectory to +46.09%. The data indicates a pattern where recent short-term pullbacks have not yet eroded the substantial gains accumulated over the past year and beyond.

SLYG carries a Moderate volatility label and a beta of 1.08, indicating that the fund tends to move slightly more than the broader market. A Sharpe ratio of 1.18 suggests the fund has generated a favorable amount of excess return per unit of risk taken over the measured period. However, the maximum drawdown of -27.39% highlights the potential for significant temporary losses during market downturns. This combination of a beta above 1.0 and a deep drawdown implies that while the fund has delivered strong risk-adjusted returns historically, it remains sensitive to market swings. Investors should expect price movements that are amplified relative to the market, alongside periods of substantial decline.

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

SLYG Top Holdings

Holdings as of 2026-03-31 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 13.7% 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 SLYG's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With SLYG

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with SLYG's top 10 — SPSM overlaps most, holding 6 of the same companies as SLYG's top 10 (10.0% of SLYG'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: 4.71% (as of 2026-07-23) — 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): 18.70 (as of 2026-07-23) — 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.

SLYG Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 0.06% and average daily volume is 151K/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 $5.20B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: SLYG 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.

SLYG Performance History

How SLYG Compares to Other US Small Cap ETFs