Average Daily Volume
3.18M
Fund Overview
SPYV, the SPDR Portfolio S&P 500 Value ETF, is an exchange-traded fund managed by State Street Global Advisors. It seeks to provide investment results that correspond generally to the price and yield performance of the S&P 500 Value Index. This index comprises stocks from the S&P 500 that exhibit strong value characteristics, such as low price-to-book ratios, low price-to-earnings ratios, and high dividend yields. SPYV is designed for investors seeking exposure to large-cap U.S. value stocks, which are often considered undervalued relative to their growth counterparts. The fund is a cost-effective way to gain diversified exposure to value-oriented companies within the S&P 500.
- Asset Class
-
Equity
- Industry
-
N/A
- Annual Dividend Rate
-
- Smart Beta
-
Yes
- Leveraged / Inverse
-
N/A / No
- Dividend Quality - Yield
-
- 1.95 %
- Currency Hedged
-
No
- Portfolio Turnover
-
33 %
- Dividend Date
-
Why Invest in the SPYV ETF?
Potential Benefits
- Provides exposure to undervalued large-cap U.S. stocks with strong value characteristics.
- Lower expense ratio compared to many actively managed value funds.
- Diversification across sectors within the S&P 500 Value Index.
- Historically, value stocks have outperformed growth stocks over long periods.
- High liquidity due to its association with the S&P 500 and State Street's reputation.
Potential Risks
- Value stocks may underperform growth stocks during certain market cycles.
- Concentration risk in financials and other sectors that dominate the value index.
- Market volatility can impact the performance of value stocks.
- Dividend-paying stocks may be sensitive to interest rate changes.
- Tracking error risk relative to the S&P 500 Value Index.
RSI data unavailable or insufficient history.
Monthly Returns (%)
| Year |
Jan |
Feb |
Mar |
Apr |
May |
Jun |
Jul |
Aug |
Sep |
Oct |
Nov |
Dec |
| 2026 |
+2.4%
|
+2.3%
|
-4.6%
|
+5.8%
|
+2.0%
|
0.0%
|
+2.1%
|
+2.1%
|
-3.1%
|
+0.6%
|
-
|
-
|
| 2025 |
+2.9%
|
+0.5%
|
-3.0%
|
-3.6%
|
+2.9%
|
+3.8%
|
+0.9%
|
+3.4%
|
+1.7%
|
+1.2%
|
+1.6%
|
+0.4%
|
| 2024 |
+0.3%
|
+2.9%
|
+4.7%
|
-4.3%
|
+3.0%
|
-0.7%
|
+4.7%
|
+3.0%
|
+1.1%
|
-1.2%
|
+5.8%
|
-6.8%
|
| 2023 |
+7.0%
|
-3.0%
|
+1.3%
|
+1.7%
|
-1.9%
|
+6.8%
|
+3.4%
|
-2.7%
|
-4.6%
|
-1.7%
|
+9.5%
|
+5.5%
|
| 2022 |
-1.8%
|
-1.4%
|
+3.1%
|
-4.9%
|
+1.6%
|
-8.2%
|
+5.9%
|
-2.8%
|
-8.4%
|
+11.4%
|
+6.0%
|
-3.9%
|
| 2021 |
-1.5%
|
+6.0%
|
+6.3%
|
+3.8%
|
+2.2%
|
-1.2%
|
+0.8%
|
+1.7%
|
-3.3%
|
+4.6%
|
-3.3%
|
+7.1%
|
| 2020 |
-2.6%
|
-9.4%
|
-15.3%
|
+10.7%
|
+3.2%
|
-1.1%
|
+3.9%
|
+3.4%
|
-2.4%
|
-1.8%
|
+12.8%
|
+3.3%
|
| 2019 |
+8.5%
|
+2.2%
|
+1.1%
|
+4.1%
|
-7.6%
|
+8.1%
|
+1.7%
|
-2.7%
|
+3.9%
|
+2.7%
|
+3.9%
|
+3.0%
|
| 2018 |
+4.1%
|
-5.5%
|
-2.0%
|
+0.5%
|
+0.3%
|
+0.7%
|
+4.0%
|
+1.3%
|
+0.4%
|
-5.4%
|
+2.7%
|
-9.4%
|
| 2017 |
+0.8%
|
+3.8%
|
-1.1%
|
-0.2%
|
-0.2%
|
+1.9%
|
+1.3%
|
-1.3%
|
+3.3%
|
+1.3%
|
+3.4%
|
+1.6%
|
< -5%
-5% to -2%
-2% to 0%
0%
0% to +2%
+2% to +5%
> +5%
Top Holdings (by weight)
| Symbol |
Company Name |
Weight |
|
AAPL
|
APPLE INC |
7.1 % |
|
MSFT
|
MICROSOFT CORP |
6.2 % |
|
AMZN
|
AMAZON.COM INC |
3.3 % |
|
UNH
|
UNITEDHEALTH GROUP INC |
2.4 % |
|
BRK-B
|
BERKSHIRE HATHAWAY INC CLASS B |
2.2 % |
|
XOM
|
EXXON MOBIL CORP |
2.0 % |
|
PG
|
PROCTER & GAMBLE CO |
1.7 % |
|
JNJ
|
JOHNSON & JOHNSON |
1.6 % |
|
JPM
|
JPMORGAN CHASE & CO |
1.2 % |
|
KO
|
COCA-COLA CO |
1.2 % |
Top 10 holdings shown, out of 399 total holdings.
Related ETFs: SPYV vs Peers
Comparison highlights key differences on cost, coverage, and focus within sector ETFs.
Investment Strategy
SPYV tracks the S&P 500 Value Index, which selects stocks from the S&P 500 based on value factors like price-to-book, price-to-earnings, and dividend yield. The index is market-cap weighted, meaning larger companies have a greater impact on performance. The fund holds common stocks of these value-oriented companies and is rebalanced periodically to align with the index. SPYV uses a passive management strategy, aiming to replicate the index's performance rather than outperform it.
Frequently Asked Questions
What is the expense ratio of SPYV?
SPYV has a low expense ratio of 0.04%, making it one of the most cost-effective ways to invest in large-cap value stocks.
How often is SPYV rebalanced?
SPYV is rebalanced periodically to align with the S&P 500 Value Index, typically on a quarterly basis.
Does SPYV pay dividends?
Yes, SPYV pays dividends quarterly, as it holds dividend-paying stocks from the S&P 500 Value Index.
What sectors are most represented in SPYV?
SPYV has significant exposure to financials, healthcare, and industrials, which are common in value-oriented indices.
Is SPYV suitable for long-term investors?
Yes, SPYV is well-suited for long-term investors seeking exposure to undervalued large-cap stocks with potential for capital appreciation and dividends.
Industry Overview
SPYV is part of the large-cap value ETF category, which focuses on stocks that are considered undervalued based on fundamental metrics. The S&P 500 Value Index, which SPYV tracks, includes companies with strong value characteristics such as low price-to-book and price-to-earnings ratios. Investing in value stocks can be appealing during periods of economic recovery or when growth stocks are overvalued. The ETF provides a straightforward way to gain exposure to this segment of the market, which has historically delivered solid returns over the long term.
Alternative Comparison
Compared to VTV (Vanguard Value ETF), SPYV offers a similar exposure to large-cap value stocks but with a slightly different sector weighting due to differences in index methodologies. RPV (Invesco S&P 500 Pure Value ETF) takes a more concentrated approach by selecting only the purest value stocks, which can lead to higher volatility. SPYV's expense ratio is competitive with peers like VTV and IVE (iShares S&P 500 Value ETF), making it a cost-effective choice for value investors.
Issuer Overview
State Street Global Advisors (SSGA) is one of the largest asset managers in the world, known for its SPDR ETF family. SSGA has a strong reputation for providing low-cost, index-based investment solutions. The firm's expertise in passive management ensures that SPYV closely tracks its benchmark, the S&P 500 Value Index.
Conclusion
SPYV is a solid choice for investors seeking exposure to large-cap U.S. value stocks within the S&P 500. Its low expense ratio, diversification, and strong track record make it an attractive option for those looking to tilt their portfolio toward value. However, investors should be aware of the risks associated with value investing, including potential underperformance during growth-dominated market cycles.
Boost Your Returns with SectorSurfer
Award-winning investment strategy automation