SLYG — State Street SPDR S&P 600 Small Cap Growth ETF
US Small Cap Ranked #153 of 458 tracked ETFs · Issued by State Street Investment Management
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.
What If You'd Invested in SLYG?
See what a lump sum in SLYG 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 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 $115.48, the fund demonstrates significant investor adoption within its sector. It holds an overall rank of #153 out of 458 tracked ETFs across all categories, earning an ETFValuer grade of B with a score of 66.6 out of 100. The fund charges an expense ratio of 0.15% and offers a dividend yield of 0.64%. This ranking places it within the top third of the 18 ETFs ETFValuer tracks in the US Small Cap category. The combination of substantial assets and a moderate expense ratio suggests a well-established vehicle for accessing small-cap growth exposure.
Over the last trading day, the fund posted a return of +0.30%, followed by a -0.41% decline over the past week. The one-month performance showed a further contraction of -1.82%, contrasting with a stronger +8.08% gain over the three-month period. Momentum accelerated significantly over the six-month horizon with a +15.59% return, which continued into the year-to-date period at +21.68%. The one-year return reached +28.42%, while the three-year total return stands at +49.48%. This pattern indicates a divergence where short-term volatility masked a consistent upward trajectory over longer holding periods.
SLYG carries a Moderate volatility label and a beta of 1.08, indicating that its price movements tend to be slightly more sensitive than the broader market. The fund has experienced a maximum drawdown of -27.39%, reflecting the potential for significant temporary losses during market downturns. Despite this drawdown, the Sharpe ratio of 1.32 suggests that the returns generated have been efficient relative to the risk taken. The combination of a beta above 1.0 and a high Sharpe ratio implies the fund has delivered substantial excess returns during its up-market periods to offset its higher volatility. Investors should note that the -27.39% max drawdown occurred alongside the strong three-year return of +49.48%.
AI-generated summary based on the data on this page.
SLYG Top Holdings
| # | Holding | % of Net Assets | Value |
|---|---|---|---|
| 1 | State Street Global Advisors | 5.01% | $199M |
| 2 | Primoris Services Corp | 1.03% | $41M |
| 3 | Viavi Solutions Inc | 1.02% | $41M |
| 4 | Argan Inc | 1.00% | $40M |
| 5 | FormFactor Inc | 1.00% | $40M |
| 6 | ESCO Technologies Inc | 0.97% | $38M |
| 7 | Armstrong World Industries Inc | 0.94% | $37M |
| 8 | Sanmina Corp | 0.94% | $37M |
| 9 | DigitalOcean Holdings Inc | 0.90% | $36M |
| 10 | Krystal Biotech Inc | 0.88% | $35M |
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).
| ETF | Name | Shared Companies | SLYG Weight | Examples |
|---|---|---|---|---|
| SPSM | State Street SPDR Portfolio S&P 600 Small Cap ETF | 6 | 10.0% | State Street Global Advisors, Primoris Services Corp, Viavi Solutions Inc… |
| IJR | iShares Core S&P Small-Cap ETF | 5 | 5.0% | Primoris Services Corp, Viavi Solutions Inc, Argan Inc… |
| VIOO | Vanguard S&P Small-Cap 600 Index Fund ETF Shares | 2 | 2.0% | Primoris Services Corp, Sanmina Corp |
| SPDW | State Street SPDR Portfolio Developed World ex-US ETF | 1 | 5.0% | State Street Global Advisors |
| SPEM | State Street SPDR Portfolio Emerging Markets ETF | 1 | 5.0% | State Street Global Advisors |
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: 4.65% (as of 2026-07-27) — 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): 18.67 (as of 2026-07-27) — 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.
What SLYG's Fees Cost You
SLYG charges an expense ratio of 0.15% 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.
SLYG Dividend Income Estimator
SLYG currently yields 0.64%. 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.
SLYG Liquidity, Domicile & Tax Treatment
Liquidity: Quoted bid/ask spread is 11.39% and average daily volume is 121K/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
| Period | Return |
|---|---|
| 1-Day | +0.30% |
| 1-Week | -0.41% |
| 1-Month | -1.82% |
| 3-Month | +8.08% |
| 6-Month | +15.59% |
| YTD | +21.68% |
| 1-Year | +28.42% |
| 3-Year | +49.48% |
How SLYG Compares to Other US Small Cap ETFs
| Rank | Grade | Ticker | Name | 1-Year | Exp. Ratio | AUM |
|---|---|---|---|---|---|---|
| #53 | B |
IJR | iShares Core S&P Small-Cap ETF | +31.27% | 0.06% | $111B |
| #59 | B |
VBR | Vanguard Small-Cap Value Index Fund ETF Shares | +24.37% | 0.05% | $67.8B |
| #63 | B |
AVUV | Avantis US Small Cap Value ETF | +34.55% | 0.25% | $29.1B |
| #64 | B |
IWN | iShares Russell 2000 Value ETF | +37.60% | 0.24% | $14.5B |
| #76 | B |
IWM | iShares Russell 2000 ETF | +32.10% | 0.19% | $83.0B |
| #80 | B |
SPSM | State Street SPDR Portfolio S&P 600 Small Cap ETF | +31.38% | 0.03% | $16.9B |
| #83 | B |
VTWO | Vanguard Russell 2000 Index Fund ETF Shares | +32.35% | 0.06% | $18.6B |
| #95 | B |
VB | Vanguard Small-Cap Index Fund ETF Shares | +22.41% | 0.03% | $189B |
| #96 | B |
SCHA | Schwab U.S. Small-Cap ETF | +28.88% | 0.03% | $24.2B |
| #99 | B |
DFAT | Dimensional U.S. Targeted Value ETF | +29.59% | 0.28% | $14.3B |
| #109 | B |
VIOO | Vanguard S&P Small-Cap 600 Index Fund ETF Shares | +31.30% | 0.07% | $6.41B |
| #118 | B |
IJS | iShares S&P Small-Cap 600 Value ETF | +33.91% | 0.18% | $8.02B |
| #120 | B |
DFSV | Dimensional US Small Cap Value ETF | +31.78% | 0.3% | $7.92B |
| #124 | B |
SLYV | State Street SPDR S&P 600 Small Cap Value ETF | +33.86% | 0.15% | $4.83B |
| #145 | B |
IJT | iShares S&P Small-Cap 600 Growth ETF | +28.48% | 0.18% | $8.22B |
| #153 | B |
SLYG | State Street SPDR S&P 600 Small Cap Growth ETF | +28.42% | 0.15% | $5.20B |
| #180 | C |
IWO | iShares Russell 2000 Growth ETF | +27.04% | 0.24% | $15.4B |
| #241 | C |
VBK | Vanguard Small-Cap Growth Index Fund ETF Shares | +19.51% | 0.05% | $47.0B |