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 (SPYV) is a US Large Cap Value fund managed by State Street Investment Management. With assets under management totaling $35.3 billion and a trading price of $62.77, the fund demonstrates significant investor adoption within its sector. It holds an overall rank of #43 out of 458 tracked ETFs across all categories, earning an ETFValuer grade of B+ with a score of 75.2. The fund offers a low-cost structure with an expense ratio of 0.04% and provides a dividend yield of 1.33%. Within the US Large Cap Value category, which contains 12 ETFs tracked by ETFValuer, SPYV positions itself as a substantial vehicle for value exposure. The combination of high assets and a top-tier rank suggests strong market confidence in the fund's strategy relative to its peers.

Over the last day, the fund gained 0.85%, followed by a 1.67% increase over the week and a 3.56% rise in the past month. The three-month return accelerated to 6.97%, while the six-month performance reached 8.81%, indicating sustained momentum. Year-to-date returns stand at 11.10%, reflecting a positive trend that extends into the one-year horizon with a return of 18.92%. The three-year return figure shows a cumulative gain of 51.22%, highlighting a distinct long-term growth trajectory compared to shorter periods. This pattern illustrates a consistent upward trend where returns have generally expanded as the time horizon lengthens from daily to multi-year intervals.

SPYV carries a volatility label of Low and a beta of 0.78, suggesting the fund experiences less price fluctuation than the broader market. A Sharpe ratio of 1.40 indicates that the fund has generated a favorable amount of return for each unit of risk taken over the measured period. The maximum drawdown of -17.54% represents the largest peak-to-trough decline recorded, providing a specific measure of downside potential. This combination of low volatility, a beta below 1.0, and a strong Sharpe ratio implies a defensive profile that may offer smoother returns during market turbulence. The data suggests the fund manages downside risk effectively while maintaining a positive risk-adjusted return 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: 4.65% (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.

SPYV Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is — and average daily volume is 2.5M/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 $35.3B 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