SDY
SPDR S&P Dividend ETF
SPDR S&P Dividend ETF is an exchange traded fund incorporated in the USA. The Fund's objective is to replicate the price and yield of the S&P High Yield Dividend Aristocrats Index. The Index measures the performance of 50 highest dividend yielding S&P Composite 1500 constituents that have followed a managed dividends policy of consistently increasing dividends every year for 25 years.
US
EQUITY
Passive
MANAGEMENT STYLE
21.5 B
ASSETS UNDER MGMT
35 bp
EXPENSES
Fund Basics
| Fund sponsor | SSGA Funds Management Inc |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Nov 08, 2005 |
| Assets (mns) | $21,495 |
| Expense ratio | 35 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Dividends |
| Weighting | Dividend |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| REALTY INCOME CORP | 2.8 % |
| KENVUE, INC. | 2.4 % |
| INTL BUSINESS MACHINES CORP | 1.9 % |
| XCEL ENERGY INC | 1.9 % |
| SOUTHERN CO | 1.8 % |
| CHEVRON CORP | 1.7 % |
| CONSOLIDATED EDISON INC | 1.7 % |
| MEDTRONIC PLC | 1.7 % |
| EDISON INTERNATIONAL | 1.7 % |
| ABBVIE INC | 1.7 % |
Constituent Breakdown
| Number of holdings | 136 |
| Herfindahl-Hirschman Index | 111 |
| Wgt avg mkt cap (mns) | $93,792 |
| Large cap (>$10bn) | 89.4% |
| Mid cap ($2-10bn) | 10.4% |
| Small cap (<$2bn) | 0.2% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 94.7 % |
 |
BRITAIN | 2.1 % |
 |
IRELAND | 1.9 % |
 |
SWITZERLAND | 0.7 % |
Historical Performance
Standardized Performance (as of 09/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 15.7% | 28.6% | 16.7% | 9.9% | 10.1% | 10.6% | 9.3% | Volatility | 10.4% | 11.5% | 15.0% | 14.9% | 21.2% | 17.1% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.77 | 72% |
| MSCI EAFE | 0.81 | 77% |
| MSCI Emg Mkts | 0.59 | 39% |
Liquidity Measures
| Avg. volume (000) | 171 |
| Turnover | 0.1% |
| Avg. Bid/Ask (% of price) | 0.02% |
| ADV of underlying (mns) | $37,755 |
Technical Indicators
| Recent close | $139.24 |
| 30d moving avg. | $141.52 |
| Annualized volatility | 16.3% |
| Relative strength (RSI) | 50 |
| Short interest (ETF) | 0.1% |
| Short interest (underlying) | 2.2% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. SDY |
Expenses vs. SDY |
ALTAR Score™ vs. SDY |
|---|---|---|---|---|
| SNPD | Xtrackers S&P ESG Dividend Aristocrats ETF | 66.1% | -20 bp | +0.9% |
| NOBL | ProShares S&P 500 Dividend Aristocrats ETF | 61.0% | 0 bp | -0.1% |
| VSDA | VictoryShares Dividend Accelerator ETF | 45.4% | 0 bp | +0.9% |
| TMDV | ProShares Russell US Dividend Growers ETF | 44.7% | 0 bp | +0.1% |
| DGRO | iShares Core Dividend Growth ETF | 31.8% | -27 bp | +0.4% |
| VIG | Vanguard Dividend Appreciation ETF | 31.6% | -29 bp | -0.3% |
| PFM | Invesco Dividend Achievers ETF | 31.1% | +18 bp | -0.6% |
| KNGZ | First Trust S&P 500 Diversified Dividend Aristocrats ETF | 29.9% | +15 bp | +1.6% |
| VYM | Vanguard High Dividend Yield Index ETF | 29.9% | -29 bp | +1.0% |
| LGLV | SPDR SSGA US Large Cap Low Volatility Index ETF | 29.0% | -23 bp | -0.6% |
Risk and Returns: SDY vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 10/29/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
SDY
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
ALTAR Score™
SDY
5.9%
Cat. Avg
5.6%
ALTAR Score™ Calculation
Category Overview
There are 949 funds in the US Equity category, with an average ALTAR Score™
of 5.6% and a standard deviation of
2.5%. SDY's ALTAR Score™ is approximately
0.2 standard deviations
above
the category average. This places SDY in the 56th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
SDYSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Passive US Equity ETFs |
| # of ETFs | 192 |
| Avg. Expense Ratio | 31.0 bp |
| Std. Deviation | 25.7 bp |
| SDY (35 bp) Percentile rank | 56 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| SDY | 35.0 | 2.4 | 37.4 |
| Peer Avg. | 25.8 | 10.2 | 36.0 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .