SDY — State Street SPDR S&P Dividend ETF

SDY Price Performance — Growth of $10,000

Value of a $10,000 investment in SDY 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.

SDY Drawdown

The "underwater" chart: SDY'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 Dividend ETF (SDY) is a Dividend Income fund managed by State Street Investment Management with $21.4 billion in assets under management. Trading at $157.75, the fund holds an overall rank of #115 out of 458 tracked ETFs across all categories and has received an ETFValuer grade of B with a score of 69.6 out of 100. Investors pay an expense ratio of 0.35% to access the fund, which currently offers a dividend yield of 2.45%. The substantial asset size and specific yield profile suggest significant investor adoption within the Dividend Income category, which ETFValuer tracks 20 funds in total. This positioning places the fund as a mid-tier option in terms of overall ranking while maintaining a notable presence in the market. The combination of a B grade and a 0.35% cost structure defines its current standing relative to the broader universe of 458 ETFs. Its price point and asset base reflect a mature vehicle that has attracted considerable capital over time.

SDY has demonstrated a positive return trajectory across all measured timeframes, starting with a 1-day decline of 0.60% followed by a 1-week gain of 2.22%. Monthly performance shows acceleration with a 1-month return of 3.27% and a 3-month return of 7.00%, indicating strengthening momentum in the near term. The 6-month return of 8.64% and year-to-date gain of 14.07% further confirm a consistent upward trend over the intermediate horizon. Long-term results are robust, with a 1-year return of 16.54% and a 3-year return of 36.45%. The data reveals a pattern where short-term fluctuations have been quickly absorbed by sustained growth over longer periods. While the fund experienced a slight dip on the most recent day, the broader trend from 1 week through 3 years remains firmly positive. This progression from a single-day loss to double-digit annual gains illustrates a resilient performance record across various market cycles.

The fund carries a Low volatility label and a beta of 0.58, indicating that its price movements are generally less pronounced than the broader market. A Sharpe ratio of 1.08 suggests that the returns generated per unit of risk taken are favorable compared to the risk-free rate. Despite the lower volatility, 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 Sharpe ratio above 1.0 implies that the fund has historically provided efficient risk-adjusted returns even during periods of market stress. The maximum drawdown figure highlights that while the fund is less volatile, it is not immune to significant corrections. The interplay of these metrics characterizes SDY as a defensive instrument that seeks to preserve capital while delivering steady income and growth.

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. Top 10 holdings make up 20.7% 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 SDY's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With SDY

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with SDY's top 10 — FDL overlaps most, holding 4 of the same companies as SDY's top 10 (9.7% of SDY'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: 4.61% (as of 2026-07-28) — 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): 18.21 (as of 2026-07-28) — 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 Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 4.05% and average daily volume is 222K/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 $21.4B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: SDY 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.

SDY Performance History

How SDY Compares to Other Dividend Income ETFs