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

SPYV Price Performance — Growth of $10,000

Value of a $10,000 investment in SPYV 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.

SPYV Drawdown

The "underwater" chart: SPYV'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 Portfolio S&P 500 Value ETF (Ticker: SPYV) is a US Large Cap Value ETF, issued by State Street Investment Management. It holds a respectable position in the category, ranking #70 out of 458 tracked ETFs across all categories and earning an overall grade of B (score 72.3/100). The expense ratio is low at 0.04%, and it offers a dividend yield of 1.31%, making it an attractive option for income-focused investors. The ETF's price stands at $63.51, and it manages an AUM of $36.2B, indicating strong investor adoption and liquidity.

The performance of SPYV shows a steady upward trend over various time horizons. In the short term, the 1-day return of +0.46% suggests a relatively stable daily performance. Over the medium term, the 1M return of +3.45% and the 3M return of +5.28% indicate a consistent growth pattern. The 6M return of +8.05% and the YTD return of +12.41% further support this positive trend. The 1Y return of +19.67% and the 3Y return of +56.95% highlight the fund's strong performance over the past three years, with a notable acceleration in returns over the longer periods.

SPYV is labeled as having low volatility, with a beta of 0.77, indicating that it is less sensitive to market movements compared to the broader market. The Sharpe ratio of 1.48 suggests that the fund provides a good risk-adjusted return, meaning that the excess return per unit of deviation in the ETF's returns is relatively high. The maximum drawdown of -17.54% indicates the largest peak-to-trough decline over a specific period, which is a measure of the fund's downside risk. Together, these figures imply that SPYV is a relatively stable investment, offering a balance between risk and return, suitable for investors seeking exposure to the S&P 500 Value segment with a lower risk profile.

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. Top 10 holdings make up 23.3% 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 SPYV's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With SPYV

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with SPYV's top 10 — IUSV overlaps most, holding 10 of the same companies as SPYV's top 10 (23.3% of SPYV'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.

SPYV Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 0.27% and average daily volume is 2.3M/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 $36.2B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: SPYV 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.

SPYV Performance History

How SPYV Compares to Other US Large Cap Value ETFs