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

The Closelooknet read

Detail below: the desk's view, the earnings record, peers and the company snapshot; daily prices on the price-history tab. Research diary readings, not advice.

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The desk on SPY

What this diary said about State Street® SPDR® S&P 500® ETF Trust, what it holds and what would change its view — in its own words, dated. Investment diary, not advice.

What we said

Charts from the desk on SPY

The charts this diary drew or picked on State Street® SPDR® S&P 500® ETF Trust, as published — each dated and linked to the piece that explains it.

Signals for this name

Every Closelooknet 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

−0.12 pp a year, 3-year annualised — State Street® SPDR® S&P 500® ETF Trust returned +23.29% against +23.41% for the S&P 500 Total Return, with a published expense ratio of 0.09%.

WindowFundIndexTracking differenceExpense ratio
1 year +14.36% +14.47% −0.11 pp 0.09%
3 years +23.29% +23.41% −0.12 pp 0.09%
5 years +12.38% +12.49% −0.10 pp 0.09%
10 years +15.31% +15.42% −0.11 pp 0.09%
Since data begins (33.7 y) +10.78% +10.91% −0.13 pp 0.09%
Calendar yearFundIndexTracking difference
2026 ytd +12.32% +12.40% −0.08 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 23 Oct 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.

Buying from Europe — UCITS versions of SPY

EU / EEA investors · UCITS funds

Investors in the EU and the EEA usually cannot buy State Street® SPDR® S&P 500® ETF Trust itself: US-listed funds publish no key information document, which EU rules require. These European-domiciled funds follow the S&P 500 instead.

FundIndexDividendsDomicileXetra (EUR)Londonvs SPY, since
iShares Core S&P 500 UCITS ETFIE00B5BMR087 Same index Accumulating Ireland SXR8 CSPX · USD −0.18 pp (12 y)
Vanguard S&P 500 UCITS ETF (Acc)IE00BFMXXD54 Same index Accumulating Ireland VUAA VUAA · USD −0.20 pp (7 y)
SPDR S&P 500 UCITS ETF (Acc)IE000XZSV718 Same index Accumulating Ireland SPYL SPYL · USD 0.00 pp (3 y)
Vanguard S&P 500 UCITS ETF (Dist)IE00B3XXRP09 Same index Distributing Ireland VUSA VUSD · USD −0.19 pp (12 y)
iShares Core S&P 500 UCITS ETF (Dist)IE0031442068 Same index Distributing Ireland IUSA IDUS · USD −0.25 pp (12 y)

Physically replicating Irish-domiciled funds pay 15% withholding tax on US dividends under the US–Ireland tax treaty; funds domiciled in Luxembourg usually pay 30% — a structural difference that shows up in the tracking difference of funds holding US shares. "Same index family" means the European fund may cap its largest holdings harder than the US fund, as EU fund rules require, so the two can diverge when one heavyweight runs. “vs SPY, since” = the UCITS fund’s dollar line in London against SPY, total return, percentage points a year since the common start — positive means the European version returned more. Listings verified against the vendor's symbol list by ticker and ISIN. All UCITS versions · descriptive, not advice.

Mentioned on Closelooknet 124 pieces · newest: Daily Pulse, “Derivatives — Puts Closed Before Friday's Fall” (2026-10-31)

Mentioned on Closelooknet

Where SPY appears in the diary — 124 pieces, newest first. Every link is our own writing.

Go deeper

Long reads

101 and glossary

Dailies

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 46/100 · S&P 500 fund at 49, above its 200-day averageEight instruments scored on position, momentum, volume, volatility and fragility — the regime every name trades inside. Temperature lab → 2026-10-30
  • Factor regime Defensive rotation — low-vol leading, regime-change watchMomentum against low volatility (SPMO / SPLV): below its 50-day trend, 81th percentile of the window, -13.7% over 20 sessions. Factor regime → 2026-10-29
  • Region breadth US: 8 of 11 sectors up on the month · leading Energy +11.7%, lagging Technology −9.3%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 → 2026-10-31
  • Sovereign pressure Index -1.66 · down 2.24 over 21 sessionsG7 long-end yields, 10s30s and the slope — the funding weather for every balance sheet on this site. Sovereign pressure → 2026-10-30
How it trades on rate days beta 0.37 to TLT · on the worst bond days it moved with the market

How it trades on rate days

How SPY has moved when long-dated Treasury yields rise — measured against TLT, the 20+ year Treasury fund.

  • Beta to long bonds, 1 year 0.37 — tends to move with bonds for every 1% move in TLT (20+ year Treasuries), State Street® SPDR® S&P 500® ETF Trust moved 0.37% on average · correlation 0.27 · higher than 29% of US names
  • Beta, last 3 months 0.18 about the same as over the year
  • On the 10 worst bond days −0.74% on average against −0.74% for the S&P 500 the 10 sessions of the past year in which TLT fell most, i.e. long yields rose most
  • Latest of those days −0.08% TLT −1.29% that day 2026-09-24

Daily total returns from the adjusted price series; a TLT down day is a day long yields rose. Beta = the average move of the name for a 1% move in TLT. Past sensitivity, not a forecast. An investment diary, not a recommendation.

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 Closelooknet scores where it exists.

Dividends and capital return trailing yield 1.00%, 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 1.00% yield on the 2026-10-30 close 4 distributions, paid quarterly 2026-10-30
  • 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.

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. Closelooknet 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 Closelooknet page. It is a constituent of Closelooknet 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 2026-10-31

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 Closelooknet tracks as a market reference, as of the registry build of 2026-10-31.

How does Closelooknet 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 Closelooknet covers so a reader can move from the fund to the companies inside it.

Where does SPY trade against its moving averages?

State Street® SPDR® S&P 500® ETF Trust trades 1.5% below its 50-day and 3.8% above its 200-day moving average (1.9% below its 20-day). As of 2026-10-30 — a technical state from the nightly Closelooknet bake, not advice. The Technical tab carries the full row.

How does State Street® SPDR® S&P 500® ETF Trust compare with its peers?

Against its peer group (S&P 500 funds), State Street® SPDR® S&P 500® ETF Trust (SPY) sits 3.3% below its 52-week high, 1.5% below its 50-day average; Vanguard S&P 500 ETF (VOO) is 3.3% below, iShares Core S&P 500 ETF (IVV) is 3.3% below, Invesco S&P 500® Equal Weight ETF (RSP) is 2.3% below, as of 2026-10-30. Put any of them next to SPY in the chart grid (2×1 or 2×2) and the page lays the companies side by side: performance, trend, valuation, margins and our money-flow reading.

How does State Street® SPDR® S&P 500® ETF Trust trade when bond yields rise?

Over the past year State Street® SPDR® S&P 500® ETF Trust had a beta of 0.37 to TLT, the long-dated Treasury fund — it tends to move with bonds, higher than 29% of US names. On the 10 sessions in which long bonds fell most it moved −0.74% on average, against −0.74% for the S&P 500. As of 2026-10-30; The "How it trades on rate days" block on this page carries the lines.

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

State Street® SPDR® S&P 500® ETF Trust appears in 124 Closelooknet pieces as of 2026-10-31, most recently Daily Pulse: Derivatives — Puts Closed Before Friday's Fall (2026-10-31); Midday 10: Sell-Off — Nasdaq −3%, Chips −8%, Bitcoin −4%, Gold −3%; Only Bonds, Oil and Defensives Hold (2026-10-30); Midday 10: Earnings Tape — Alphabet −13%, ServiceNow −27%, Microsoft's gain gone, Lilly +6% (2026-10-29). What Closelooknet said most recently: The chip fund SOXX fell 8.2 percent that day and ended the week 1.4 percent lower at 471.51; the Nasdaq 100 fund QQQ lost 2.0 percent to 690.49 and the S&P 500 fund SPY 0.6 percent. (Daily Pulse, 2026-10-31). The "Mentioned on Closelooknet" 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?

−0.12 percentage points a year over the last three years to 2026-10-25, annualised: State Street® SPDR® S&P 500® ETF Trust returned +23.29% against +23.41% for the S&P 500 Total Return against a published expense ratio of 0.09%. 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.

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 1.00% on the 2026-10-30 close; the last distribution recorded in the price series was 1.89 USD on 2026-09-18. As of 2026-10-30; the "Dividends and capital return" block on this page carries the lines.

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 Closelooknet names among them marked, the technical state where the data exists, and the research diary mentions — an investment research diary view, not investment advice.

How to use this chart

Toolbar

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Sharing

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