Overview
The original and most-traded ETF in the world, tracking the S&P 500. Benchmark for US large-cap equity performance since 1993.
Top Holdings
| Ticker | Holding | Weight |
|---|---|---|
| AAPL | Apple Inc. | 7.1% |
| MSFT | Microsoft Corp. | 6.3% |
| NVDA | NVIDIA Corp. | 5.8% |
| AMZN | Amazon.com | 3.7% |
| GOOGL | Alphabet A | 2.2% |
| META | Meta Platforms | 2.4% |
| BRK.B | Berkshire Hathaway | 1.7% |
| TSLA | Tesla Inc. | 1.6% |
| UNH | UnitedHealth | 1.4% |
| JPM | JPMorgan Chase | 1.3% |
Fund Details
Investment Thesis
SPY is the original ETF, launched in January 1993, and remains the world's most actively traded fund with over 30 billion dollars in average daily volume. Its Unit Investment Trust structure and unparalleled liquidity make it the preferred vehicle for institutional index trading, hedging strategies, and large block transactions where tight bid-ask spreads and deep order books are essential.
Who It's For
All investor types benefit from owning SPY at some point in their portfolio journey. Ideal as a core holding for long-term investors, the primary S&P 500 trading vehicle for active managers, and the go-to hedging instrument for institutional portfolio managers. Its unrivaled liquidity makes it uniquely suitable for tactical allocation changes and large institutional block trades.
10-Year History
| Year | Close | % Chg |
|---|---|---|
| 2016 | $223.53 | -- |
| 2017 | $268.54 | +20.1% |
| 2018 | $245.92 | -8.4% |
| 2019 | $321.86 | +30.9% |
| 2020 | $370.57 | +15.1% |
| 2021 | $474.91 | +28.2% |
| 2022 | $382.19 | -19.5% |
| 2023 | $475.31 | +24.4% |
| 2024 | $583.03 | +22.7% |
| 2025 | $596.67 | +2.3% |
| Year | Yield |
|---|---|
| 2016 | 1.99% |
| 2017 | 1.83% |
| 2018 | 1.95% |
| 2019 | 1.79% |
| 2020 | 1.56% |
| 2021 | 1.24% |
| 2022 | 1.68% |
| 2023 | 1.43% |
| 2024 | 1.19% |
| 2025 | 1.22% |
| Year | AUM | % Chg |
|---|---|---|
| 2016 | $222B | -- |
| 2017 | $274B | +23.4% |
| 2018 | $258B | -5.8% |
| 2019 | $316B | +22.5% |
| 2020 | $360B | +13.9% |
| 2021 | $458B | +27.2% |
| 2022 | $374B | -18.3% |
| 2023 | $490B | +31.0% |
| 2024 | $580B | +18.4% |
| 2025 | $596B | +2.8% |
Historical figures are ETFHub estimates modelled from asset-class return patterns and may differ from official fund records. Data as of August 2026.
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