SPY SPDR S&P 500 ETF Trust
What is SPY?
SPY tracks a market cap-weighted index of US large- and mid-cap stocks selected by the S&P Committee.
SPY Factset Analytics Insight
SPY is the best-recognized and oldest US listed ETF and typically tops rankings for largest AUM and greatest trading volume. The fund tracks the massively popular US index, the S&P 500. Few realize that S&P's index committee chooses 500 securities to represent the US large-cap space - not necessarily the 500 largest by market cap, which can lead to some omissions of single names. Still, the index offers outstanding exposure to the US large-cap space. It's important to note, SPY is a unit investment trust, an older but entirely viable structure. As a UIT, SPY must fully replicate its index (it probably would anyway) and forgo the small risk and reward of securities lending. It also can’t reinvest portfolio dividends between distributions, the resulting cash drag will slightly hurt performance in up markets and help in downtrends. SPY is a favored vanilla trading vehicle.
SPY Summary Data
SPY Portfolio Data
SPY Index Data
SPY Portfolio Management
SPY Tax Exposures
SPY Fund Structure
Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of SPY. SPY is rated a 5 out of 5.
SPY Sector/Industry Breakdown
SPY Top 10 Holdings
SPY Performance Statistics
SPY Economic Development
SPY Benchmark Comparison Summary
SPY Benchmark Comparison Market Cap Size
Options Strategies for Outcome Investing
Options allow you to customize investment outcomes. Using the strategy builders provided by Cboe Vest Technologies, you can construct some of the most common option strategies. Check out our user guide for more information on how to use the tool.
A collar strategy is a protective option strategy constructed by writing a call and buying a put with the same expiration date while being long the underlying security.
A covered call is an income strategy constructed by writing a call option against a holding of the underlying security.