SPDR S&P 500 Trust ETF

The SPDR S&P 500 ETF trust is an exchange-traded fund which trades on the NYSE Arca under the symbol SPY (NYSE Arca: SPY). SPDR is an acronym for the Standard & Poor's Depositary Receipts, the former name of the ETF. It is designed to track the S&P 500 stock market index. This fund is the largest and oldest ETF in the world. SPDR is a trademark of Standard and Poor's Financial Services LLC,[1] a subsidiary of S&P Global. The ETF's CUSIP is 78462F103[2] and its ISIN is US78462F1030.[3] The trustee of the SPDR S&P 500 ETF Trust is State Street Bank and Trust Company. The fund has a net expense ratio of 0.0945%.[2]

History

The Standard & Poor's Depositary Receipts were launched by Boston asset manager State Street Global Advisors (SSgA) on January 22, 1993, as the first exchange-traded fund in the United States (preceded by the short-lived Index Participation Shares that launched in 1989); and are part of the SPDRs ETF chain.[4][5][6] Designed and developed by American Stock Exchange executives Nathan Most and Steven Bloom,[7][8] the fund first traded on that market, but has since been listed elsewhere, including the New York Stock Exchange.

Competition

Other ETFs that are based on the S&P 500 index include:

Performance

Returns of SPY by fiscal year per SEC EDGAR filings. The trust ends its fiscal year on September 30. The 5-Year and 10-Year Average (Avg) Annual Return results in the table below include reinvestment of distributions (typically dividends) from the trust.

Year

(9/30/x)

 1-Year

Return

 Avg Annual Return

5-Year

 Avg Annual Return

10-Year

1998 8.82%
1999 27.54%
2000 13.16%
2001 -26.60%
2002 -20.46%
2003 24.13%
2004 13.62%
2005 12.11%
2006 10.64%
2007 16.31% 15.29% 6.45%
2008 -21.84% 5.10% 2.98%
2009 -6.90% 0.98% -0.21%
2010 10.08% 3.03% -4.79%
2011 1.01% -1.22% 2.74%
2012 29.96% 1.00% 7.91%
2013 19.09% 9.87% 7.46%
2014 19.57% 15.52% 8.00%
2015 -0.64% 13.18% 6.70%
2016 15.30% 16.21% 7.14%
2017 18.44% 14.07% 7.33%
2018 17.72% 13.80% 11.82%
2019 4.11% 10.70% 13.09%
2020 14.98% 13.99% 13.60%
2021 29.79% 16.72% 16.48%
2022 -15.53% 9.09% 11.56%

See also

References
  1. "Trademark search on SPDR". United States Patent and Trademark Office. Retrieved 8 April 2013.
  2. "SPDR® S&P 500® ETF". State Street Global Advisers. Retrieved 8 April 2013.
  3. "Convert CUSIP to ISIN". Open ISIN Database. Retrieved 12 April 2020.
  4. John C. Bogle, 'Value' Strategies, Wall Street Journal (Feb. 9, 2007).
  5. Wilfred Dellva, Exchange-Traded Funds Not for Everyone Archived 2008-07-05 at the Wayback Machine, Journal of Financial Planning (Apr. 2001).
  6. Jennifer Bayot (2004-12-10). "Nathan Most Is Dead at 90; Investment Fund Innovator". New York Times. Retrieved 2008-04-23.
  7. Carrel, Lawrence (2008), ETFs for the Long Run, John Wiley & Sons, 2008, ISBN 978-0-470-13894-6
  8. "Steven Bloom Joins NASDAQ as Senior Vice President of Financial Products | Nasdaq, Inc". ir.nasdaq.com.
  9. "Vanguard ETF Profile | Vanguard". investor.vanguard.com.
  10. "iShares Core S&P 500 ETF | IVV". BlackRock.


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