Average Daily Volume
351.6K
Fund Overview
The SPDR S&P 600 Small Cap Value ETF (SLYV) seeks to provide investment results that correspond generally to the price and yield performance of the S&P SmallCap 600 Value Index. This ETF focuses on small-cap U.S. stocks that exhibit value characteristics, such as low price-to-book ratios and high dividend yields. The fund offers exposure to a diversified portfolio of small-cap value stocks, which historically have provided strong long-term returns, though with higher volatility compared to large-cap stocks. SLYV is a popular choice for investors seeking to diversify their portfolios with small-cap value exposure while maintaining the liquidity and transparency of an ETF structure.
- Asset Class
-
Equity
- Industry
-
N/A
- Annual Dividend Rate
-
- Smart Beta
-
Yes
- Leveraged / Inverse
-
N/A / No
- Dividend Quality - Yield
-
- 2.34 %
- Currency Hedged
-
No
- Portfolio Turnover
-
58 %
- Dividend Date
-
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Why Invest in the SLYV ETF?
Potential Benefits
- Exposure to small-cap value stocks, which have historically outperformed large-cap stocks over long periods.
- Diversification across a broad range of sectors within the small-cap value universe.
- Lower expense ratio compared to many actively managed small-cap value funds.
- Liquidity and transparency due to the ETF structure.
- Potential for higher dividend yields compared to growth-oriented small-cap ETFs.
Potential Risks
- Higher volatility compared to large-cap or broad-market ETFs.
- Sensitivity to economic downturns, as small-cap stocks may underperform during recessions.
- Concentration risk in certain sectors that dominate the small-cap value space.
- Potential underperformance during periods when growth stocks outperform value stocks.
- Limited international exposure, as the fund focuses solely on U.S. small-cap stocks.
Histogram
MACD
Signal
Base Line
RSI data unavailable or insufficient history.
RSI (14)
Overbought (70)
Oversold (30)
Monthly Returns (%)
| Year |
Jan |
Feb |
Mar |
Apr |
May |
Jun |
Jul |
Aug |
Sep |
Oct |
Nov |
Dec |
| 2025 |
+1.8%
|
-5.5%
|
-6.2%
|
-6.1%
|
+4.5%
|
+4.3%
|
+4.7%
|
-
|
-
|
-
|
-
|
-
|
| 2024 |
-5.4%
|
+2.3%
|
+3.4%
|
-6.5%
|
+4.7%
|
-3.0%
|
+12.0%
|
-1.4%
|
+0.9%
|
-1.7%
|
+10.7%
|
-6.9%
|
| 2023 |
+12.0%
|
-1.7%
|
-6.4%
|
-2.4%
|
-3.8%
|
+8.5%
|
+6.0%
|
-5.0%
|
-6.4%
|
-6.2%
|
+9.0%
|
+13.5%
|
| 2022 |
-4.3%
|
+2.4%
|
+0.4%
|
-6.3%
|
+2.2%
|
-8.8%
|
+8.5%
|
-4.1%
|
-10.5%
|
+14.5%
|
+3.8%
|
-6.6%
|
| 2021 |
+6.3%
|
+10.8%
|
+5.6%
|
+1.7%
|
+3.9%
|
-0.8%
|
-4.4%
|
+2.0%
|
-1.6%
|
+2.9%
|
-2.5%
|
+4.0%
|
| 2020 |
-6.3%
|
-10.1%
|
-25.6%
|
+13.8%
|
+2.5%
|
+3.6%
|
+2.6%
|
+5.1%
|
-5.2%
|
+3.7%
|
+19.2%
|
+7.4%
|
| 2019 |
+12.2%
|
+4.2%
|
-3.8%
|
+4.2%
|
-9.9%
|
+7.7%
|
+1.2%
|
-5.1%
|
+5.6%
|
+2.0%
|
+2.8%
|
+2.9%
|
| 2018 |
+1.4%
|
-4.2%
|
+1.4%
|
+1.7%
|
+5.8%
|
+0.9%
|
+2.6%
|
+3.1%
|
-3.0%
|
-10.1%
|
+0.7%
|
-12.3%
|
| 2017 |
-1.1%
|
+1.3%
|
-0.6%
|
+0.5%
|
-2.1%
|
+3.1%
|
+0.7%
|
-2.9%
|
+8.7%
|
+0.6%
|
+3.8%
|
-0.5%
|
| 2016 |
-5.8%
|
+2.2%
|
+9.5%
|
+2.0%
|
+0.5%
|
+0.5%
|
+5.4%
|
+1.2%
|
+0.8%
|
-3.9%
|
+13.5%
|
+3.0%
|
< -5%
-5% to -2%
-2% to 0%
0%
0% to +2%
+2% to +5%
> +5%
Top Holdings (by weight)
| Symbol |
Company Name |
Weight |
|
COOP
|
MR. COOPER GROUP INC |
1.2 % |
|
TFX
|
TELEFLEX INC |
1.1 % |
|
BWA
|
BORGWARNER INC |
1.0 % |
|
QRVO
|
QORVO INC |
1.0 % |
|
JXN
|
JACKSON FINANCIAL INC |
1.0 % |
|
LNC
|
LINCOLN NATIONAL CORP |
1.0 % |
|
RHI
|
ROBERT HALF INC |
0.9 % |
|
CE
|
CELANESE CORP CLASS A |
0.8 % |
|
MTH
|
MERITAGE HOMES CORP |
0.8 % |
|
FMC
|
FMC CORP |
0.8 % |
Top 10 holdings shown, out of 462 total holdings.
Related ETFs: SLYV vs Peers
Comparison highlights key differences on cost, coverage, and focus within sector ETFs.
Investment Strategy
SLYV tracks the S&P SmallCap 600 Value Index, which selects small-cap U.S. stocks demonstrating value characteristics based on factors like price-to-book ratio, price-to-earnings ratio, and dividend yield. The index is market-cap weighted, meaning larger companies within the small-cap range have a greater influence on performance. The fund primarily holds common stocks and is rebalanced quarterly to maintain alignment with the index. Unlike actively managed funds, SLYV employs a passive investment strategy, aiming to replicate the index's performance rather than outperform it.
Frequently Asked Questions
What index does SLYV track?
SLYV tracks the S&P SmallCap 600 Value Index, which consists of small-cap U.S. stocks exhibiting value characteristics.
How often is SLYV rebalanced?
SLYV's underlying index is rebalanced quarterly to maintain its value characteristics and proper sector weightings.
Is SLYV suitable for income-focused investors?
While SLYV may offer higher dividend yields than growth-oriented funds, it's primarily designed for capital appreciation rather than income generation.
How does SLYV differ from small-cap blend or growth ETFs?
SLYV focuses specifically on value stocks within the small-cap universe, which typically have lower valuations and higher dividend yields than growth-oriented small-cap stocks.
What is SLYV's expense ratio?
As of 2025, SLYV has an expense ratio of 0.15%, making it one of the more cost-effective small-cap value ETFs available.
Industry Overview
The small-cap value segment of the U.S. equity market, represented by ETFs like SLYV, focuses on companies with market capitalizations typically between $300 million and $2 billion that exhibit value characteristics. These stocks often trade at lower valuations relative to their fundamentals and may offer higher dividend yields. Small-cap value stocks can provide diversification benefits and potential for outperformance over long periods, though they come with higher volatility. The SLYV ETF tracks the S&P SmallCap 600 Value Index, offering investors a cost-effective way to gain exposure to this segment of the market.
Alternative Comparison
Compared to its closest peer, IJS (iShares S&P Small-Cap 600 Value ETF), SLYV offers a nearly identical exposure but with a slightly lower expense ratio (0.15% vs. 0.18%). Another alternative, VBR (Vanguard Small-Cap Value ETF), tracks a broader CRSP index and includes some mid-cap stocks, resulting in slightly different sector weightings. Unlike RZV (Invesco S&P SmallCap 600 Pure Value ETF), which uses a more concentrated 'pure value' approach, SLYV provides a more diversified exposure across the small-cap value universe.
Issuer Overview
SLYV is issued by State Street Global Advisors (SSGA), one of the largest ETF providers in the world. SSGA is known for its SPDR ETF family, which includes a wide range of funds covering various asset classes and investment strategies. The firm is recognized for its expertise in index-based investing and its commitment to providing low-cost, transparent investment solutions.
Conclusion
SLYV is a well-established ETF offering targeted exposure to the small-cap value segment of the U.S. stock market. Its low-cost structure, diversification benefits, and historical performance potential make it an attractive option for investors seeking small-cap value exposure. However, investors should be prepared for higher volatility and potential underperformance during growth-dominated market cycles. As with any investment, SLYV should be considered as part of a broader, diversified portfolio strategy.
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