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State Street® SPDR® S&P 500® ETF Trust (SPY) — chart, structure and Closelook read

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Signals for this name

Every Closelook reading that exists for SPY, from the same nightly bakes the boards use. Research diary readings, not advice.

Tracking difference

The fund against its index · total return

−0.15 pp a year, 3-year annualised — State Street® SPDR® S&P 500® ETF Trust returned +21.19% against +21.34% for the S&P 500 Total Return, with a published expense ratio of 0.10%.

WindowFundIndexTracking differenceExpense ratio
1 year +16.59% +16.72% −0.13 pp 0.10%
3 years +21.19% +21.34% −0.15 pp 0.10%
5 years +13.03% +13.13% −0.11 pp 0.10%
10 years +15.37% +15.48% −0.11 pp 0.10%
Since data begins (33.6 y) +10.82% +10.95% −0.13 pp 0.10%
Calendar yearFundIndexTracking difference
2026 ytd +12.57% +12.71% −0.14 pp
2025 +17.72% +17.88% −0.16 pp
2024 +24.89% +25.02% −0.13 pp
2023 +26.18% +26.29% −0.11 pp
2022 −18.18% −18.11% −0.06 pp
2021 +28.73% +28.71% +0.02 pp
2020 +18.33% +18.40% −0.07 pp
2019 +31.22% +31.49% −0.26 pp

Tracking difference = fund total return − index total return, both in USD, 29 Jan 1993 to 18 Sept 2026. Fund = dividend-adjusted close with every distribution reinvested, after every cost inside the fund and including lending income; index = S&P 500 Total Return (total return). Negative means the fund delivered less than its index. Windows annualised; calendar years close to close. Exchange price, not net asset value, so a year-end premium or discount can move a single year by a few basis points. definition · how to read it · descriptive, not advice.

Who it is priced against S&P 500 funds · 4 names with week and year-to-date

Peer group

S&P 500 funds

Curated competitor set — who the market prices this name against, not just who shares its sector.

Compared against SPY on the nightly bakes; the Peers tab ranks the cohort on the Closelook scores where it exists.

Dividends and capital return trailing yield 0.98%, quarterly · last 1.89 USD on 2026-09-18

Dividends and capital return

What SPY pays out and buys back — distributions read from the price series, money terms from the filings.

  • Trailing 12 months 7.58 USD per share · a 0.98% yield on the 2026-09-21 close 4 distributions, paid quarterly 2026-09-21
  • Change on the year +4.4% against the prior twelve months prior twelve months 7.26 USD per share
  • Last distribution 1.89 USD per share as the price series records it, within days of the ex-date 2026-09-18
  • By calendar year 2023: 1.91 USD (partial) · 2024: 7.07 USD · 2025: 7.29 USD · 2026: 5.59 USD to date first distribution recorded in the three-year window: 2023-12-15

Per-share amounts are derived from the adjusted price series in the listing currency, so dates sit within days of the ex-date; filing figures come from the fundamentals feed for the last reported fiscal year. An investment diary, not a recommendation.

Weather around the name 4 macro readings: Money Temperature, Factor regime, Region breadth …

The weather around this name

Macro readings that apply by membership — the regime, the factor tape, the sector cell, the funding backdrop.

  • Money Temperature Composite 63/100 · S&P 500 fund at 63, bullish alignedEight instruments scored on position, momentum, volume, volatility and fragility — the regime every name trades inside. Temperature lab → 2026-09-21
  • Factor regime Momentum leading — risk appetite buildingMomentum against low volatility (SPMO / SPLV): above its 50-day trend, 98th percentile of the window, +6.7% over 20 sessions. Factor regime → 2026-09-21
  • Region breadth US: 2 of 11 sectors up on the month · leading Technology +6.5%, lagging Utilities −6.4%The Sector Engine column for the market this fund tracks — how many of its eleven sectors are rising and which ones lead, the internals behind the fund's own move. Sector Engine → 2026-09-21
  • Sovereign pressure Index -0.24 · down 0.66 over 21 sessionsG7 long-end yields, 10s30s and the slope — the funding weather for every balance sheet on this site. Sovereign pressure → 2026-09-21

About State Street® SPDR® S&P 500® ETF Trust

State Street® SPDR® S&P 500® ETF Trust (SPY) is an exchange-traded fund that trades on US exchanges. Closelook tracks it as a benchmark: the dailies and the sector dispersion board quote it as a market reference, and the holdings card above matches its largest positions against the names with a Closelook page. It is a constituent of Closelook benchmark ETF set.

closelook.net is an investment research diary — market structure, index membership and scores are our own readings, not investment advice. Related: index compare · sector dispersion · scanner.

FAQ · from the current data · as of 2026-09-22

Quick answers

What is State Street® SPDR® S&P 500® ETF Trust (SPY)?

State Street® SPDR® S&P 500® ETF Trust is an exchange-traded fund trading as SPY on the US exchange (US) and is one of the benchmark ETFs Closelook tracks as a market reference, as of the registry build of 2026-09-22.

How does Closelook use SPY?

As a benchmark: the daily editions, the sector dispersion board and the index dashboards quote State Street® SPDR® S&P 500® ETF Trust as a market reference, and this page matches the fund's largest holdings against the names Closelook covers so a reader can move from the fund to the companies inside it.

Where does SPY trade against its moving averages?

Uptrend stack intact: Trades +1.8% vs the 50-day and +8.1% vs the 200-day average, 0.8% below the 52-week high and +22.9% off the 52-week low. Computed from daily closes. As of 2026-09-21 — a technical state from the nightly Closelook bake, not advice. The Technical tab carries the full row.

Does State Street® SPDR® S&P 500® ETF Trust pay a dividend?

State Street® SPDR® S&P 500® ETF Trust has paid 7.58 USD per share over the last twelve months, paid quarterly, a trailing yield of 0.98% on the 2026-09-21 close; the last distribution recorded in the price series was 1.89 USD on 2026-09-18. The "Dividends and capital return" block on this page carries the lines.

Where has Closelook written about State Street® SPDR® S&P 500® ETF Trust?

State Street® SPDR® S&P 500® ETF Trust appears in 77 Closelook pieces, most recently Morning 10: Nasdaq - a record close in the worst month of a midterm year, right after the bulls gave up (2026-09-22); Morning 10: Asian Chips — Korea’s chip exports more than tripled and the Kospi touched 7,000, with Tokyo shut (2026-09-21); Midday 10: Chips and Crypto — Arm +14%, Intel +13% and bitcoin at 85,700, with bonds bid and gold sold (2026-09-21). What Closelook said most recently: ETF board, the lines retaken: SPY +1.1% to $762.12 above $757.83; QQQ +1.6% to $716.33 above $708.69; SOXX +3.2% to $518.02 above $505; MAGS $70.56 above 69.5; DRAM +4.4% to $57.63 under $58; IGV +0.9%; RSP +0.6%, DIA +0.6%, IWM +1.2%… (Midday 10, 2026-09-17). The "Mentioned on Closelook" block on this page lists the long reads, the reference entries and the dailies that name it.

What is the tracking difference of State Street® SPDR® S&P 500® ETF Trust?

−0.15 percentage points a year over the last three years, annualised: State Street® SPDR® S&P 500® ETF Trust returned +21.19% against +21.34% for the S&P 500 Total Return against a published expense ratio of 0.10%. Tracking difference is the fund’s total return minus its index’s total return; negative means the fund delivered less than the index. The “Tracking difference” block on this page carries the calendar years.

What does this page show?

A live price chart with SMA overlays and drawing tools for SPY, fund basics and the top holdings by weight with the Closelook names among them marked, the technical state where the data exists, and the research diary mentions — an investment research diary view, not investment advice.

Mentioned on Closelook 77 pieces · newest: Morning 10, “Nasdaq - a record close in the worst month of a midterm year, right after the bulls gave up” (2026-09-22)

Mentioned on Closelook

Where SPY appears in the diary — 77 pieces, newest first. Every link is our own writing.

Go deeper

Long reads

101 and glossary

Dailies