From Nasdaq: 2024-06-24 06:20:07

The SPDR S&P 500 ETF (SPY) was launched in 1993 and is the largest ETF in the Large Cap Blend segment with over $524.08 billion in assets under management. It has an expense ratio of 0.09% and a 12-month trailing dividend yield of 1.26%.

Large Cap Blend ETFs are known for stability due to the market capitalization of over $10 billion. SPY has the highest sector exposure to Information Technology at 28.10%. Top holdings include Microsoft Corp (MSFT), Apple Inc (AAPL), and Nvidia Corp (NVDA), comprising about 32.67% of total assets.

SPY tracks the S&P 500 Index, returning around 14.89% in 2024 and 26.36% in the last year. It has a beta of 1 and standard deviation of 17.18%, making it a medium risk choice with 504 holdings for diversification. It holds a Zacks ETF Rank of 2 (Buy).

For investors seeking exposure to Large Cap Blend, SPY is an excellent choice due to low costs, transparency, and tax efficiency. Alternatives like Vanguard S&P 500 ETF (VOO) and iShares Core S&P 500 ETF (IVV) track the same index with differing expense ratios. Passively managed ETFs are popular among both institutional and retail investors.



Read more at Nasdaq: Should SPDR S&P 500 ETF (SPY) Be on Your Investing Radar?