State Street SPDR S&P 500 ETF (SPY)
ETF · Equity · SPDR · Data as of 2026-10-22
Bottom line
SPY is a SPDR fund that tracks a broad US stock index, for 0.09% a year. Over the past year its price rose 13.8%, in step with the S&P 500. It pays about 1.0% a year, every quarter. Past returns are not a guarantee of future results.
Fund facts
Fee: 0.09% a year
Assets: $820.7B
Holdings: 504
Payouts, past 12 months: 0.99%
Past year
13.8% price · 15.03% with payouts
About the fund
SPY is the best-recognized and oldest US listed ETF and typically tops rankings for largest AUM and greatest trading volume. The fund tracks the massively popular US index, the S&P 500. Few realize that S&P's index committee chooses 500 securities to represent the US large-cap space - not necessarily the 500 largest by market cap, which can lead to some omissions of single names. Still, the index offers outstanding exposure to the US large-cap space. It's important to note, SPY is a unit investment trust, an older but entirely viable structure. As a UIT, SPY must fully replicate its index (it probably would anyway) and forgo the small risk and reward of securities lending. It also can`t reinvest portfolio dividends between distributions, the resulting cash drag will slightly hurt performance in up markets and help in downtrends. SPY is a favored vanilla trading vehicle.
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一句话结论
SPY 是 SPDR 旗下跟踪美国大盘股票指数的基金，年费率 0.09%。过去一年价格上涨 13.8%，与标普 500 同步。每年派息约 1.0%，按季派发。过往表现并不能保证未来的结果。
UnderTheLight 用直白的语言解释股票——估值、价格区间与资金流向。它只描述数据，不构成任何投资建议。
UnderTheLight explains stocks in plain English — valuation, price zones and money flow as traffic lights, recomputed nightly. It describes data; it is not investment advice and never recommends a trade.