SPY — State Street SPDR S&P 500 ETF Trust
US Large Cap Blend Ranked #52 of 458 tracked ETFs · Issued by State Street Investment Management
SPY Price Performance — Growth of $10,000
Value of a $10,000 investment in SPY over time, compared with QQQ. 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.
SPY Drawdown
The "underwater" chart: SPY'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.
What If You'd Invested in SPY?
See what a lump sum in SPY would have grown to, with the option to add a regular monthly contribution on top. Figures use total returns — dividends are assumed reinvested.
Past performance doesn't predict future results. Assumes contributions on the first trading day of each month, no trading costs or taxes, and reinvested distributions. History is limited to the range published in the site's daily return data.
Overview
The State Street SPDR S&P 500 ETF Trust (SPY) is a US Large Cap Blend ETF, issued by State Street Investment Management. With an overall rank of #52 out of 458 tracked ETFs, it holds a respectable position. The expense ratio of 0.0945% and a dividend yield of 0.74% make it cost-effective and provide a modest income stream. The fund's price of $765.72 and assets under management (AUM) of $795B suggest strong investor adoption, given its position as one of the largest and most widely tracked ETFs in its category.
Over the past year, SPY has delivered a return of 21.33%, which is consistent with its long-term performance of 79.51% over three years. The fund shows a steady upward trend, with returns accelerating over the longer horizons. Notably, the 1-month return of +3.73% and the 6-month return of +11.66% indicate a strong performance in the recent past. However, the 1-week return of -1.37% suggests some short-term volatility, which is typical for a large-cap blend ETF. The 1-day return of +0.41% further supports the idea of a fund that can experience daily fluctuations but generally trends upward over longer periods.
The SPDR S&P 500 ETF Trust (SPY) is labeled as having low volatility, with a beta of 1.00, indicating that it moves in line with the overall market. Its Sharpe ratio of 1.27 suggests that the fund provides a good risk-adjusted return, as it offers higher returns relative to the risk taken. The maximum drawdown of -18.76% indicates that the fund has experienced significant declines, but not as severe as some other ETFs. This combination of low volatility, a beta of 1.00, a high Sharpe ratio, and a moderate drawdown suggests that SPY is well-suited for investors seeking exposure to the S&P 500 with a balanced risk profile, capable of withstanding market downturns without excessive losses.
AI-generated summary based on the data on this page.
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.
What SPY's Fees Cost You
SPY charges an expense ratio of 0.09% a year, deducted automatically from the fund's value. Small percentages compound into real money — adjust the figures below to see the impact on your own numbers.
Assumes a constant gross return and no additional contributions — a simplification, but it isolates exactly what the expense ratio costs. Try the full fee calculator to model contributions and compare any two funds.
SPY Dividend Income Estimator
SPY currently yields 0.74%. Enter an amount to see the income that implies, or set a monthly income target to see the investment it would take.
Based on the fund's current trailing yield, which varies with price and distributions — treat it as an estimate, not a guarantee. Yields are not adjusted for tax.
See it in a portfolio
SPY is one of the twelve funds in the portfolio game. Start with 25% of a virtual $10,000 in it, build the rest however you like, and the builder shows the range this mix has actually produced over every five-day stretch of the last three years — before you commit to anything.
Free, no sign-up, virtual money only.
SPY Liquidity, Domicile & Tax Treatment
Liquidity: Quoted bid/ask spread is 0.05% and average daily volume is 51.5M/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 $795B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.
Domicile & tax treatment: SPY 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.
SPY Performance History
| Period | Return |
|---|---|
| 1-Day | +0.41% |
| 1-Week | -1.37% |
| 1-Month | +3.73% |
| 3-Month | +3.36% |
| 6-Month | +11.66% |
| YTD | +12.68% |
| 1-Year | +21.33% |
| 3-Year | +79.51% |
How SPY Compares to Other US Large Cap Blend ETFs
| Rank | Grade | Ticker | Name | 1-Year | Exp. Ratio | AUM |
|---|---|---|---|---|---|---|
| #8 | B+ |
FNDX | Schwab Fundamental U.S. Large Company ETF | +30.51% | 0.25% | $26.8B |
| #38 | B+ |
AVUS | Avantis US Equity ETF | +26.43% | 0.15% | $13.9B |
| #40 | B+ |
VOO | Vanguard S&P 500 ETF | +21.39% | 0.03% | $1687B |
| #43 | B+ |
IVV | iShares Core S&P 500 ETF | +21.41% | 0.03% | $869B |
| #45 | B+ |
VTI | Vanguard Morningstar Total Stock Market ETF | +21.93% | 0.03% | $2290B |
| #46 | B |
DFAC | Dimensional U.S. Core Equity 2 ETF | +24.07% | 0.17% | $47.9B |
| #49 | B |
ITOT | iShares Core S&P Total U.S. Stock Market ETF | +21.84% | 0.03% | $94.3B |
| #52 | B |
SPY | State Street SPDR S&P 500 ETF Trust | +21.33% | 0.0945% | $795B |
| #63 | B |
VV | Vanguard Morningstar Large-Cap ETF | +21.12% | 0.03% | $74.0B |
| #66 | B |
SCHB | Schwab U.S. Broad Market ETF | +21.74% | 0.03% | $43.3B |
| #69 | B |
SCHX | Schwab U.S. Large-Cap ETF | +20.95% | 0.03% | $71.8B |
| #83 | B |
SPTM | State Street SPDR Portfolio S&P 1500 Composite Stock Market ETF | +21.62% | 0.03% | $13.6B |
| #85 | B |
RSP | Invesco S&P 500 Equal Weight ETF | +20.82% | 0.2% | $97.3B |
| #92 | B |
DFUS | Dimensional U.S. Equity Market ETF | +21.92% | 0.09% | $20.9B |
| #95 | B |
IWB | iShares Russell 1000 ETF | +21.05% | 0.15% | $48.3B |
| #110 | B |
IWV | iShares Russell 3000 ETF | +21.64% | 0.2% | $19.6B |
| #112 | B |
VONE | Vanguard Russell 1000 Index Fund ETF Shares | +21.15% | 0.06% | $11.5B |
| #119 | B |
VTHR | Vanguard Russell 3000 Index Fund ETF Shares | +21.82% | 0.06% | $6.10B |
| #152 | B |
ILCB | iShares Morningstar U.S. Equity ETF | +21.32% | 0.03% | $1.27B |