Average Daily Volume
2.46M
Fund Overview
The SPDR Portfolio S&P 600 Small Cap ETF (SPSM) is designed to provide investors with exposure to small-cap U.S. equities by tracking the S&P 600 Small Cap Index. This index includes 600 small-cap companies selected for market size, liquidity, and financial viability, offering a broad representation of the small-cap segment of the U.S. equity market. SPSM is a cost-effective option for investors seeking diversified small-cap exposure, with a low expense ratio and a passive investment strategy that aims to replicate the performance of its benchmark index. The fund is ideal for those looking to add small-cap growth potential to their portfolios while maintaining a focus on liquidity and transparency.
- Asset Class
-
Equity
- Industry
-
N/A
- Annual Dividend Rate
-
- Smart Beta
-
No
- Leveraged / Inverse
-
N/A / No
- Dividend Quality - Yield
-
- 1.75 %
- Currency Hedged
-
No
- Portfolio Turnover
-
24 %
- Dividend Date
-
Why Invest in the SPSM ETF?
Potential Benefits
- Provides diversified exposure to small-cap U.S. equities, which historically have offered higher growth potential compared to large-cap stocks.
- Low expense ratio makes it a cost-efficient option for long-term investors.
- Tracks the S&P 600 Small Cap Index, which includes financially viable companies with strong liquidity.
- Passive management strategy reduces turnover and associated costs.
- Offers potential for outperformance during economic expansions when small-cap stocks tend to thrive.
Potential Risks
- Small-cap stocks are generally more volatile than large-cap stocks, leading to higher price fluctuations.
- Sensitive to economic downturns, as small-cap companies may face greater financial stress.
- Limited international exposure, which may reduce diversification benefits.
- Higher susceptibility to liquidity risks compared to larger, more established companies.
- Performance may lag during periods when large-cap stocks outperform.
RSI data unavailable or insufficient history.
Monthly Returns (%)
| Year |
Jan |
Feb |
Mar |
Apr |
May |
Jun |
Jul |
Aug |
Sep |
Oct |
Nov |
Dec |
| 2026 |
+5.5%
|
+2.2%
|
-4.1%
|
+10.4%
|
+1.1%
|
+7.3%
|
-1.9%
|
-0.7%
|
-5.6%
|
+2.1%
|
-
|
-
|
| 2025 |
+2.9%
|
-5.6%
|
-6.2%
|
-4.1%
|
+5.1%
|
+4.1%
|
+0.9%
|
+7.1%
|
+1.0%
|
-0.9%
|
+2.6%
|
0.0%
|
| 2024 |
-4.0%
|
+3.2%
|
+3.3%
|
-5.5%
|
+4.9%
|
-2.2%
|
+10.8%
|
-1.6%
|
+1.0%
|
-2.6%
|
+10.9%
|
-8.1%
|
| 2023 |
+9.5%
|
-1.3%
|
-5.2%
|
-2.8%
|
-1.7%
|
+8.2%
|
+5.6%
|
-4.2%
|
-5.9%
|
-5.8%
|
+8.3%
|
+12.8%
|
| 2022 |
-7.4%
|
+1.5%
|
+0.3%
|
-7.8%
|
+1.9%
|
-8.6%
|
+10.1%
|
-4.3%
|
-9.8%
|
+12.1%
|
+4.2%
|
-6.7%
|
| 2021 |
+6.1%
|
+7.6%
|
+3.6%
|
+1.8%
|
+2.2%
|
+0.2%
|
-2.4%
|
+2.0%
|
-2.3%
|
+3.4%
|
-2.3%
|
+4.5%
|
| 2020 |
-4.0%
|
-9.4%
|
-22.7%
|
+12.9%
|
+4.3%
|
+3.7%
|
+4.2%
|
+3.8%
|
-4.5%
|
+2.6%
|
+18.0%
|
+8.4%
|
| 2019 |
+12.1%
|
+4.7%
|
-2.0%
|
+3.4%
|
-8.0%
|
+7.0%
|
+0.8%
|
-4.6%
|
+2.2%
|
+2.4%
|
+3.8%
|
+2.9%
|
| 2018 |
+2.5%
|
-4.3%
|
+1.3%
|
+1.0%
|
+6.0%
|
+1.1%
|
+1.2%
|
+4.4%
|
-2.1%
|
-10.6%
|
+1.6%
|
-12.1%
|
| 2017 |
+0.1%
|
+2.4%
|
+0.2%
|
+1.0%
|
-2.0%
|
+3.6%
|
+0.7%
|
-1.3%
|
+6.1%
|
+1.0%
|
+2.7%
|
+0.2%
|
< -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 |
0.6 % |
|
CORT
|
CORCEPT THERAPEUTICS INC |
0.6 % |
|
EAT
|
BRINKER INTERNATIONAL INC |
0.5 % |
|
TFX
|
TELEFLEX INC |
0.5 % |
|
SPXC
|
SPX TECHNOLOGIES INC |
0.5 % |
|
QRVO
|
QORVO INC |
0.5 % |
|
BWA
|
BORGWARNER INC |
0.5 % |
|
AWI
|
ARMSTRONG WORLD INDUSTRIES INC |
0.5 % |
|
LRN
|
STRIDE INC |
0.5 % |
|
EPRT
|
ESSENTIAL PROPERTIES REALTY TRUST INC |
0.5 % |
Top 10 holdings shown, out of 605 total holdings.
Related ETFs: SPSM vs Peers
Comparison highlights key differences on cost, coverage, and focus within sector ETFs.
Investment Strategy
SPSM employs a passive investment strategy, aiming to replicate the performance of the S&P 600 Small Cap Index. This index is market-cap weighted and includes 600 small-cap U.S. companies selected based on market size, liquidity, and financial viability. The fund primarily holds common stocks of these companies and is rebalanced quarterly to maintain alignment with the index. By tracking this benchmark, SPSM provides investors with broad exposure to the small-cap segment while minimizing costs and turnover.
Frequently Asked Questions
What index does SPSM track?
SPSM tracks the S&P 600 Small Cap Index, which includes 600 small-cap U.S. companies selected for market size, liquidity, and financial viability.
How does SPSM differ from other small-cap ETFs?
SPSM is distinguished by its ultra-low expense ratio and passive management strategy, focusing on replicating the S&P 600 Index rather than active stock selection.
Is SPSM suitable for long-term investing?
Yes, SPSM is well-suited for long-term investors seeking diversified small-cap exposure with low costs, though it carries higher volatility typical of small-cap stocks.
What are the main risks of investing in SPSM?
The primary risks include higher volatility, sensitivity to economic downturns, and liquidity risks associated with small-cap companies.
Industry Overview
The SPSM ETF provides exposure to the small-cap segment of the U.S. equity market, which is known for its growth potential and higher volatility compared to large-cap stocks. Small-cap companies often operate in niche markets or are in earlier growth stages, offering investors the opportunity to capitalize on emerging trends and innovation. However, this segment is also more sensitive to economic cycles and may experience sharper declines during downturns. Investing in small-cap ETFs like SPSM can be a strategic way to diversify a portfolio and capture long-term growth, particularly for investors with a higher risk tolerance.
Alternative Comparison
Compared to its peers like IJR and VB, SPSM stands out for its ultra-low expense ratio, making it one of the most cost-efficient small-cap ETFs available. Unlike some actively managed small-cap funds, SPSM's passive approach ensures consistent exposure to the S&P 600 Index without the risk of manager underperformance. Additionally, SPSM's focus on liquidity and financial viability within the small-cap space differentiates it from broader small-cap funds that may include less stable companies.
Issuer Overview
SPSM is issued by State Street Global Advisors (SSGA), one of the largest ETF providers globally. SSGA is known for its low-cost, passive investment strategies and a wide range of SPDR ETFs. The firm has a strong reputation for reliability and transparency, making its funds a popular choice among both individual and institutional investors.
Conclusion
The SPSM ETF is a compelling option for investors seeking cost-effective exposure to the small-cap segment of the U.S. equity market. Its passive strategy, low expense ratio, and focus on financially viable companies make it a reliable choice for long-term growth. While small-cap investing carries inherent risks, SPSM's diversified approach helps mitigate some of these concerns, making it a valuable addition to a well-balanced portfolio.
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