State Street SPDR S&P 500 ETF Trust
SPY US IndexUpdated: Jul 5, 2026, 21:17 UTC
Key Metrics
Top 10 Holdings
| Holding | Ticker | Weight | Bar |
|---|---|---|---|
| NVIDIA Corp | NVDA | 7.89% | |
| Apple Inc | AAPL | 7.05% | |
| Microsoft Corp | MSFT | 5.14% | |
| Amazon.com Inc | AMZN | 4.07% | |
| Alphabet Inc Class A | GOOGL | 3.41% | |
| Broadcom Inc | AVGO | 3.26% | |
| Alphabet Inc Class C | GOOG | 2.71% | |
| Meta Platforms Inc Class A | META | 2.13% | |
| Tesla Inc | TSLA | 1.88% | |
| Micron Technology Inc | MU | 1.68% |
Sector Allocation
About This ETF
The State Street SPDR S&P 500 ETF Trust (SPY) is a US Index ETF with an expense ratio (TER) of 0.0945% and $783.8B in assets under management., with its largest holdings being NVIDIA Corp, Apple Inc, Microsoft Corp. The ETF currently yields 0.98% in dividends. Year-to-date, SPY has returned +9.6%. With an expense ratio of just 0.0945%, it is one of the cheapest ETFs in its category.
The trust seeks to achieve its investment objective by holding a portfolio of the common stocks that are included in the index (the “Portfolio”), with the weight of each stock in the Portfolio substantially corresponding to the weight of such stock in the index.
📊 In-depth comparison:
Full S&P 500 ETF comparison (VOO · IVV · SPY) ›FAQ — SPY
What is the TER of SPY (State Street SPDR S&P 500 ETF Trust)?
SPY has a Total Expense Ratio (TER) of 0.09 % per year. That sits above the us index category median (0.05 % across 14 peer ETFs). The TER is deducted directly from the fund and lowers your effective return.
What return has SPY delivered?
Performance for SPY: YTD: +9.60 % · 3-year p.a.: +20.32 % · 5-year p.a.: +12.94 %. Over 5 years, SPY outperforms the us index category median of +11.36 % by +1.58 pp. Past performance is no guarantee of future returns.
What are the top holdings of SPY?
The five largest positions in SPY are: NVDA, AAPL, MSFT, AMZN, GOOGL. The full holdings list is updated daily on this page.
Does SPY pay dividends?
SPY has a current dividend yield of 0.98 %. Distributing ETFs pay this out in cash; accumulating versions reinvest it inside the fund. Check the share class on your broker before buying.
Where can I buy or set up a savings plan for SPY?
SPY is available at most major brokers. For a free monthly savings plan from €1, look at Trade Republic, Scalable Capital or Flatex. The broker comparison on this site shows fees, free-savings-plan ETFs and execution exchanges side by side.
What the SPDR S&P 500 ETF Trust Is
State Street's SPDR S&P 500 ETF Trust (SPY) is the oldest US-listed ETF, launched in 1993, and tracks the S&P 500 almost one-to-one. With assets of $735.1 billion, it ranks among the largest and most actively traded funds in the world. Legally, SPY is structured as a Unit Investment Trust (UIT) – a historical feature that sets it apart from newer S&P 500 products and makes it especially popular with active traders and options strategists who prize its depth of liquidity.
Performance Overview
The return figures reflect the broad US equity market. Year to date SPY stands at 10.76%, over three years at 22.91%, and over five years at 13.9% (annualized or cumulative depending on the source). The price of $754.60 sits near its 52-week high of $755.15, at 99.7% of the range, while the 52-week low was $583.24. The distribution yield is 1.03%. Importantly, past returns are no guarantee of future results. The UIT structure means dividends are not reinvested on an ongoing basis, which can slightly delay reinvestment compared with more modern fund formats.
Risk Profile
SPY is heavily concentrated in mega-caps: technology makes up 35.86%, with NVIDIA alone at 7.85%, followed by Apple (6.45%) and Microsoft (4.9%). This concentration amplifies volatility when a handful of names correct. For euro-area investors, USD currency risk applies because the fund is denominated in US dollars. A distinctive nuance is so-called cash drag: the UIT structure prohibits ongoing dividend reinvestment and securities lending, so incoming income is held as cash until distribution. In sharply rising markets, this can create a minimal headwind versus more modern structures that compound dividends continuously.
Who SPY Suits
SPY is geared toward active market participants. Thanks to the highest liquidity, tight bid-ask spreads, and by far the deepest options market of any S&P 500 ETF, it is the preferred instrument for traders, hedgers, and options strategists. Buy-and-hold investors, by contrast, often find VOO or IVV the more economical choice: both carry a lower expense ratio than SPY's 0.0945% and use more modern fund structures that can reinvest dividends on an ongoing basis. Long-term savings plans benefit from this lower cost burden and the absence of cash drag. This is structural context on use cases, not investment advice.
SPY Compared with VOO and IVV
All three ETFs track the same S&P 500 but differ in structure and cost. SPY is organized as a Unit Investment Trust: no ongoing dividend reinvestment, no securities lending, but the highest liquidity and the largest options market. Its expense ratio is 0.0945%, above that of VOO (Vanguard) and IVV (iShares/BlackRock), both of which are set up as more modern open-end funds that can reinvest income continuously.
- SPY: ideal for traders, hedgers, and options strategies thanks to liquidity.
- VOO: lower cost, well suited to long-term holding.
- IVV: low cost, flexible structure, also for buy-and-hold.
Where can I buy SPY?
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