12 important things you should know about State Street Global Advisors SPY ETF
Updated: October 03, 2022
Pros
High net assets
3-year return above the benchmark
5-year return above the benchmark
10-year return above the benchmark
15-year return above the benchmark
Low expense ratio
Cons

None for now.

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Before we start: if you're looking for SPY “stock” price, you can quickly find it out by visiting Finny and typing "SPY quote". If you're looking for a quick scoop on SPY "stock" (price chart, key stats, buy or sell analysis and holdings), go to Finny and look for "SPY". You'll get all this info in one place.

Are you looking to buy or sell SPY? Or perhaps you're looking for SPY fact sheet, and learn about its alternatives? If so, you came to the right place.

In this SPY ETF review, we'll address key questions our readers have been asking us about this fund, above and beyond what you can find in its prospectus, and on Morningstar or Yahoo Finance.

Here is what you'll be able to find in this review:

  • Fact Sheet: SPY performance, returns, expense ratio, holdings and dividend yield;
  • Analysis: SPY buy or sell; the pros and cons of investing in SPY ETF;
  • Alternatives: other ETFs and mutual funds you should consider as alternatives to SPY.

And here is the list of questions we’ll answer:

  1. Describe SPDR S&P 500 (SPY).
  2. What is SPY underlying index?
  3. What are SPY holdings?
  4. What is SPY performance? What are SPY historical returns?
  5. How many up and down years did SPY have historically?
  6. What is SPY dividend yield?
  7. What is SPY expense ratio?
  8. What is SPY Finny Score? SPY buy or sell?
  9. What are the pros of investing in SPY? What are SPY buy reasons?
  10. What are the cons of investing in SPY? What are SPY sell reasons?
  11. Compare and contrast: SPY vs VOO.
  12. Compare and contrast: SPY vs QQQ.

So let’s start. Scroll down to the question that interests you the most.

Fact Sheet

1. Describe SPDR S&P 500 (SPY).

SPDR S&P 500 ETF Trust is an exchange traded fund launched and managed by State Street Global Advisors, Inc. The fund invests in public equity markets of the United States. It invests in stocks of companies operating across diversified sectors. The fund invests in growth and value stocks of large-cap companies. It seeks to track the performance of the S&P 500 Index, by using full replication technique. SPDR S&P 500 ETF Trust was formed on January 22, 1993 and is domiciled in the United States.

2. What is SPY underlying index?

S&P 500.

3. What are SPY top holdings?

SPY has 506 stock holdings and 0 bond holdings .

The top 10 holdings represent 27.37% of total assets. Here are the top holdings:

Name Symbol % Assets
Apple Inc AAPL 5.90%
Microsoft Corp MSFT 5.60%
Amazon.com Inc AMZN 4.05%
Facebook Inc A FB 2.29%
Alphabet Inc A GOOGL 2.02%
Alphabet Inc Class C GOOG 1.96%
Berkshire Hathaway Inc Class B BRK.B 1.45%
Tesla Inc TSLA 1.44%
NVIDIA Corp NVDA 1.37%
JPMorgan Chase & Co JPM 1.29%

4. What is SPY performance? What are SPY historical returns?

SPY has generated the following returns:

  • 1-month return is 5.47%;
  • 3-month return is -6.86%;
  • 1-year return is -7.99%;
  • 3-year return is 11.67%;
  • 5-year return is 12.47%;
  • 10-year return is 13.36%;
  • 15-year return is 8.10%.

5. How many up and down years did SPY have historically?

In the last 10 years, SPY had 9 up years and 1 down year.

SPY up and down years

6. What is SPY dividend yield?

SPY yield is 1.54%.

7. What is SPY expense ratio?

SPY expense ratio is 0.09%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses.

SPY expenses

Analysis

8. What is Finny Score? buy or sell?

Finny Score is 100. Our quantitative analysis shows 6 reasons to buy and 0 reasons to sell it, resulting in the Finny Score of 100.

9. What are the pros of investing in SPY? What are SPY buy reasons?

The following are SPY strengths from our perspective:

  • SPY net assets are $358.23 billion. This fund is a popular choice with retail and institutional investors.
  • SPY 3-year return is 11.67%, which is higher than the 3-year return of the benchmark index (S&P 500 TR USD), 10.12%.
  • SPY 5-year return is 12.47%, which is higher than the 5-year return of the benchmark index (S&P 500 TR USD), 10.51%.
  • SPY 10-year return is 13.36%, which is higher than the 10-year return of the benchmark index (S&P 500 TR USD), 12.76%.
  • SPY 15-year return is 8.1%, which is in line with the 15-year return of the benchmark index (S&P 500 TR USD), 8.17%.
  • SPY expense ratio is 0.09%, which is considered low. Nice job picking a low-cost fund.

10. What are the cons of investing in SPY? What are SPY negatives?

There are no visible red flags.

Alternatives

11. Compare and contrast: SPY vs VOO.

Both SPY and VOO are ETFs.

SPY has a lower 5-year return than VOO (12.47% vs 12.52%).

SPY has a higher expense ratio than VOO (0.09% vs 0.04%).

SPY VOO
Segment Equity: U.S. - Large Cap Equity: U.S. - Large Cap
Net Assets $358.23B $263.93B
Expense Ratio 0.09% 0.04%
Management Style passive (index-based) passive (index-based)
Underlying Index S&P 500 S&P 500
Dividend Yield 1.54% 1.62%

VOO profile: Vanguard Index Funds - Vanguard S&P 500 ETF is an exchange traded fund launched and managed by The Vanguard Group, Inc. The fund invests in public equity markets of the United States. The fund invests in stocks of companies operating across diversified sectors. The fund invests in growth and value stocks of large-cap companies. It seeks to track the performance of the S&P 500 Index, by using full replication technique. Vanguard Index Funds - Vanguard S&P 500 ETF was formed on August 31, 1976 and is domiciled in the United States.

For further information, check out SPY vs VOO comparison details.

12. Compare and contrast: SPY vs QQQ.

Both SPY and QQQ are ETFs.

SPY has a lower 5-year return than QQQ (12.47% vs 18.6%).

SPY has a lower expense ratio than QQQ (0.09% vs 0.2%).

SPY QQQ
Segment Equity: U.S. - Large Cap Equity: U.S. - Large Cap
Net Assets $358.23B $164.63B
Expense Ratio 0.09% 0.2%
Management Style passive (index-based) passive (index-based)
Underlying Index S&P 500 NASDAQ-100 Index
Dividend Yield 1.54% 0.74%

QQQ profile: Invesco QQQ Trust, Series 1 is an exchange traded fund launched by Invesco Ltd. The fund is managed by Invesco Capital Management LLC. The fund invests in public equity markets of global region. The fund invests in stocks of companies operating across energy, real estate, materials, industrials, consumer discretionary, consumer staples, health care, information technology, communication services, utilities sectors. It invests in growth and value stocks of large-cap companies. It seeks to track the performance of the NASDAQ-100 Index, by using full replication technique. Invesco QQQ Trust, Series 1 was formed on March 10, 1999 and is domiciled in the United States.

For further information, check out SPY vs QQQ comparison details.

In the SPY review, we covered SPY key stats (return, performance, yield, expense ratio, and holdings), buy and sell analysis, and alternative investments. If this review was helpful to you, feel free to check out other mutual fund and ETF reviews.