SPY — State Street SPDR S&P 500 ETF Trust
US Large Cap Blend Ranked #65 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, trading under the ticker SPY, is a US Large Cap Blend fund managed by State Street Investment Management. With $781 billion in assets under management, the fund represents significant investor adoption within a category containing 19 tracked ETFs. It currently holds an overall rank of #65 out of 458 tracked ETFs across all categories and has received an ETFValuer grade of B with a score of 73.2 out of 100. The fund charges an expense ratio of 0.0945% and offers a dividend yield of 0.77%. Its share price stands at $740.86, reflecting its status as a widely held vehicle for large-cap exposure. The combination of high assets and a moderate expense ratio suggests it remains a primary choice for investors seeking broad market participation.
Over the last day, the fund posted a return of +0.24%, while the one-week period saw a decline of -0.99%. Monthly performance recovered to +1.63%, and the three-month return accelerated to +3.86%. The six-month return further increased to +7.52%, with year-to-date gains reaching +9.02%. Annual returns show a stronger trend at +17.57%, and the three-year return extends to +70.84%. This sequence indicates a pattern where short-term fluctuations are followed by sustained growth over longer horizons. The data shows a clear acceleration in returns as the time frame extends from one week to three years.
The fund carries a Low volatility label and a Beta of 1.00, indicating price movements that generally align with the broader market without excessive fluctuation. A Sharpe ratio of 0.99 suggests the fund has generated a moderate amount of risk-adjusted return relative to its volatility. The maximum drawdown recorded is -18.76%, which defines the largest peak-to-trough decline experienced by the fund. This combination of a Beta of 1.00 and a Low volatility label implies the fund tracks market direction closely while maintaining a stable price profile. The Sharpe ratio and max drawdown figures together suggest the fund has managed downside risk reasonably well during periods of market stress.
AI-generated summary based on the data on this page.
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 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 0.77%. 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.
SPY Liquidity, Domicile & Tax Treatment
Liquidity: Quoted bid/ask spread is 0.02% and average daily volume is 52.2M/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 $781B 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 | +0.24% |
| 1-Week | -0.99% |
| 1-Month | +1.63% |
| 3-Month | +3.86% |
| 6-Month | +7.52% |
| YTD | +9.02% |
| 1-Year | +17.57% |
| 3-Year | +70.84% |
How SPY Compares to Other US Large Cap Blend ETFs
| Rank | Grade | Ticker | Name | 1-Year | Exp. Ratio | AUM |
|---|---|---|---|---|---|---|
| #10 | B+ |
FNDX | Schwab Fundamental U.S. Large Company ETF | +29.19% | 0.25% | $25.9B |
| #40 | B+ |
AVUS | Avantis US Equity ETF | +23.62% | 0.15% | $13.8B |
| #48 | B |
DFAC | Dimensional U.S. Core Equity 2 ETF | +21.48% | 0.17% | $47.4B |
| #49 | B |
VOO | Vanguard S&P 500 ETF | +17.66% | 0.03% | $1671B |
| #51 | B |
IVV | iShares Core S&P 500 ETF | +17.66% | 0.03% | $888B |
| #53 | B |
ITOT | iShares Core S&P Total U.S. Stock Market ETF | +18.42% | 0.03% | $94.1B |
| #54 | B |
VTI | Vanguard Total Stock Market Index Fund ETF Shares | +18.03% | 0.03% | $2298B |
| #65 | B |
SPY | State Street SPDR S&P 500 ETF Trust | +17.57% | 0.0945% | $781B |
| #71 | B |
VV | Vanguard Large Cap Index Fund | +17.66% | 0.03% | $73.8B |
| #72 | B |
SCHB | Schwab U.S. Broad Market ETF | +18.41% | 0.03% | $43.2B |
| #78 | B |
SPTM | State Street SPDR Portfolio S&P 1500 Composite Stock Market ETF | +18.58% | 0.03% | $13.6B |
| #79 | B |
SCHX | Schwab U.S. Large-Cap ETF | +17.16% | 0.03% | $71.6B |
| #82 | B |
RSP | Invesco S&P 500 Equal Weight ETF | +17.88% | 0.2% | $93.7B |
| #86 | B |
DFUS | Dimensional U.S. Equity Market ETF | +18.77% | 0.09% | $21.0B |
| #100 | B |
IWB | iShares Russell 1000 ETF | +17.55% | 0.15% | $48.3B |
| #116 | B |
IWV | iShares Russell 3000 ETF | +18.12% | 0.2% | $19.5B |
| #119 | B |
VONE | Vanguard Russell 1000 Index Fund ETF Shares | +17.62% | 0.06% | $11.5B |
| #121 | B |
VTHR | Vanguard Russell 3000 Index Fund ETF Shares | +18.29% | 0.06% | $6.10B |
| #153 | B |
ILCB | iShares Morningstar U.S. Equity ETF | +17.77% | 0.03% | $1.27B |