SPYD
SPDR Portfolio S&P 500 High Dividend ETF
The SPDR S&P 500 High Dividend ETF tracks an index of the 80 highest-yielding stocks selected from the S&P 500. Stocks are equally weighted.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
6.9 B
ASSETS UNDER MGMT
7 bp
EXPENSES
Fund Basics
| Fund sponsor | State Street Global Advisors |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Oct 21, 2015 |
| Assets (mns) | $6,902 |
| Expense ratio | 7 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-End Investment Company |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Dividends |
| Weighting | Equal |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| KELLOGG CO | 1.6 % |
| ENTERGY CORP | 1.5 % |
| WILLIAMS COS INC | 1.5 % |
| GILEAD SCIENCES INC | 1.5 % |
| ONEOK INC | 1.5 % |
| KENVUE, INC. | 1.5 % |
| KINDER MORGAN INC | 1.5 % |
| MORGAN STANLEY | 1.4 % |
| INTERNATIONAL PAPER CO | 1.4 % |
| BOSTON PROPERTIES INC | 1.4 % |
Constituent Breakdown
| Number of holdings | 80 |
| Herfindahl-Hirschman Index | 125 |
| Wgt avg mkt cap (mns) | $52,914 |
| Large cap (>$10bn) | 92.6% |
| Mid cap ($2-10bn) | 7.4% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 96.8 % |
 |
BRITAIN | 2.2 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 19.0% | 40.8% | 13.4% | 9.0% | 8.7% | -- | 9.7% | Volatility | 12.6% | 14.4% | 15.9% | 17.1% | 25.0% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.85 | 61% |
| MSCI EAFE | 0.90 | 71% |
| MSCI Emg Mkts | 0.71 | 43% |
Liquidity Measures
| Avg. volume (000) | 852 |
| Turnover | 0.6% |
| Avg. Bid/Ask (% of price) | 0.03% |
| ADV of underlying (mns) | $24,965 |
Technical Indicators
| Recent close | $45.62 |
| 30d moving avg. | $45.38 |
| Annualized volatility | 18.9% |
| Relative strength (RSI) | 55 |
| Short interest (ETF) | 0.5% |
| Short interest (underlying) | 3.5% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. SPYD |
Expenses vs. SPYD |
ALTAR Score™ vs. SPYD |
|---|---|---|---|---|
| SPHD | Invesco S&P 500 High Dividend Low Volatility ETF | 51.3% | +23 bp | -0.6% |
| CDL | VictoryShares US Large Cap High Dividend Volatility Wtd ETF | 48.7% | +28 bp | -1.2% |
| CDC | VictoryShares US EQ Income Enhanced Volatility Wtd ETF | 48.4% | +31 bp | -1.2% |
| DVY | iShares Select Dividend ETF | 44.4% | +31 bp | -0.8% |
| SDOG | ALPS Sector Dividend Dogs ETF | 43.9% | +29 bp | +0.5% |
| SPDV | AAM S&P 500 High Dividend Value ETF | 43.3% | +22 bp | +0.9% |
| FDL | First Trust Morningstar Dividend Leaders Index Fund | 39.7% | +38 bp | +0.2% |
| DIVG | Invesco S&P 500 High Dividend Growers ETF | 37.4% | +32 bp | -1.3% |
| RDIV | Invesco S&P Ultra Dividend Revenue ETF | 36.9% | +32 bp | -0.2% |
| DHS | WisdomTree U.S. High Dividend Fund | 36.4% | +31 bp | -1.2% |
Risk and Returns: SPYD 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 11/15/2024
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
SPYD
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
SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.
ALTAR Score™
SPYD
8.8%
Cat. Avg
5.5%
ALTAR Score™ Calculation
Category Overview
There are 973 funds in the US Equity category, with an average ALTAR Score™
of 5.5% and a standard deviation of
2.4%. SPYD's ALTAR Score™ is approximately
1.4 standard deviations
above
the category average. This places SPYD in the 92nd percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
SPYDSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based US Equity ETFs |
| # of ETFs | 609 |
| Avg. Expense Ratio | 46.6 bp |
| Std. Deviation | 32.9 bp |
| SPYD (7 bp) Percentile rank | 12 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| SPYD | 7.0 | 2.8 | 9.8 |
| Peer Avg. | 35.3 | 15.0 | 50.3 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .