SPY
AMEXState Street SPDR S&P 500 ETF
$744.78
Financial Services · Asset Management
SPY Key Statistics
Market Cap
$778.73B
P/E Ratio
N/A
EPS (TTM)
N/A
52-Week High
$760.4
52-Week Low
$617.87
Analyst Target
N/A
About State Street SPDR S&P 500 ETF
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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