SPYV — State Street SPDR Portfolio S&P 500 Value ETF

Overview

The State Street SPDR Portfolio S&P 500 Value ETF (SPYV) is a US Large Cap Value fund managed by State Street Investment Management. With assets under management totaling $35.3 billion and a current share price of $61.29, the fund demonstrates significant investor adoption within its sector. It holds an overall rank of #38 out of 120 tracked ETFs across all categories and has received an ETFValuer grade of B with a score of 70.6. The fund offers a low-cost structure with an expense ratio of 0.04% and provides a dividend yield of 1.34%. This combination of substantial assets, competitive pricing, and moderate income generation positions it as a widely utilized vehicle for value exposure. The fund operates within a category containing four ETFs tracked by ETFValuer, placing it in the upper tier of its specific peer group.

Over the most recent trading day, the fund declined by 0.83%, following a weekly gain of 0.82% and a monthly increase of 1.44%. The three-month return accelerated significantly to 8.42%, while the six-month return stood at 7.41%, indicating a period of sustained growth. Year-to-date performance mirrors the three-month trend at 8.48%, suggesting consistent momentum in the current calendar year. The one-year return reached 18.16%, and the three-year return extended to 47.48%, showing a clear upward trajectory over longer horizons. This pattern illustrates a divergence where short-term fluctuations have given way to stronger cumulative gains over the past year and three years.

The fund carries a Low volatility label and a beta of 0.78, indicating that its price movements have historically been less sensitive to market swings than the broader benchmark. A Sharpe ratio of 1.33 suggests that the fund has generated a favorable amount of excess return per unit of risk taken over the measured period. However, the maximum drawdown of -17.54% highlights the potential for significant temporary losses during market downturns. This combination of low beta and a substantial drawdown implies that while the fund generally moves less than the market, it still experienced notable declines during specific stress periods. The risk profile reflects a balance between reduced volatility and the inherent downside exposure of a large-cap value strategy.

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

SPYV 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.

SPYV Performance History

How SPYV Compares to Other US Large Cap Value ETFs