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\n \n \n \n \n \n\n \n \n\n \n \n \n\n", + "page_last_modified": "" + }, + { + "page_name": "Top 10 S&P 500 Stocks by Index Weight", + "page_url": "https://www.investopedia.com/top-10-s-and-p-500-stocks-by-index-weight-4843111", + "page_snippet": "These are the top 10 most heavily weighted stocks in the S&P 500 Index.It's notable that the company splits its stock into two main share classes: The A shares usually trade for slightly more than the C shares and carry voting rights. The C shares are nonvoting shares, meaning they do not entitle the holder to participate in proxy votes. State Street Global Advisors. \"SPDR S&P 500 ETF Trust,\" Download Excel \"All Holdings Daily.\" Its components trade on the BSE, formerly known as the Bombay Stock Exchange. more \u00b7 S&P 500 Index: What It\u2019s for and Why It\u2019s Important in Investing \u00b7 The S&P 500 Index (Standard & Poor's 500 Index) is a market-capitalization-weighted index of the 500 leading publicly traded companies in the U.S. more \u00b7 What Is the Russell 1000 Index? Definition, Holdings, and Returns Berkshire Hathaway is a holding company for the various investments CEO Warren Buffett has made over the years. Among its numerous holdings are insurance businesses such as GEICO, large energy and utilities businesses, a major railroad, consumer brands such as ice cream chain Dairy Queen, and manufacturers such as aerospace parts manufacturer Precision Castparts Corp.", + "page_result": "\n\n\n\n\n\n\n\n\n\n\nTop 10 S&P 500 Stocks by Index Weight\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n\n\n\n\n\n
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Table of Contents\n
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Table of Contents\n\n\n
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  • 1. Apple
    • \n
  • 2. Microsoft
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  • 3. Amazon
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  • 4. NVIDIA
    • \n
  • 5. Alphabet Class A
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  • 6. Tesla
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  • 7. Meta
    • \n
  • 8. Alphabet Class C
    • \n
  • 9. Berkshire Hathaway
    • \n
  • 10. UnitedHealth
    • \n
  • FAQs
    • \n
  • The Bottom Line
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  • Markets News
    • \n
  • Stocks & Bond News
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Top 10 S&P 500 Stocks by Index Weight

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See which stocks fell in the rankings and which rose

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\nBy\n
Gabe Alpert is a financial journalist and former Editor at Investopedia.

\" tabindex=\"0\" data-inline-tooltip=\"true\"> Gabe Alpert\n
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Gabe Alpert is a financial journalist and former Editor at Investopedia.

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Updated August 29, 2023
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\n\n\nFact checked by\n
Vikki Velasquez\n
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\n\n\nFact checked by\nVikki Velasquez\n
\nFull Bio\n
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\nVikki Velasquez is a researcher and writer who has managed, coordinated, and directed various community and nonprofit organizations. She has conducted in-depth research on social and economic issues and has also revised and edited educational materials for the Greater Richmond area.\n
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The Standard & Poor's 500 Index, or simply the S&P 500, is a market-capitalization-weighted index of 503 large-cap U.S. stocks. The index accounts for 80% of the market value of the U.S. equities market. Because it reflects nearly all of the largest stocks in the U.S., it is often regarded as synonymous with the market as a whole. It's the closest there is to a default U.S. stock index.\n

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Because it's weighted by market cap, the largest stocks have a big impact on both the long-term performance and daily movement of the index. The 10 biggest stocks make up 30.9% of the index's market value as of Aug. 31, 2023. This means that investors should familiarize themselves with these 10 giant components to understand what drives the broader market.\n

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Below is our analysis of the 10 largest components of the S&P 500. Weightings are as of Sept. 22, 2023, and market capitalizations are as of Sept. 25, 2023. The trailing 12-month (TTM) figures for revenue and net income are courtesy of TradingView and are as of June 30, 2023, unless otherwise stated.\n

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Key Takeaways

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  • The S&P 500 index is a market capitalization-weighted index of the biggest large-cap companies in the United States.
  • The index is synonymous with the stock market in the United States because it contains virtually all of the country's largest stocks.
  • The largest stocks greatly impact the index's long-term performance and daily movement.
  • Apple, Microsoft, and Amazon are the top three stocks in the index.
  • Other companies in the S&P 500's top 10 list include NVIDIA, Alphabet, Berkshire Hathaway, Meta (formerly Facebook), UnitedHealth, and Tesla.
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1. Apple (AAPL)

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  • Index Weighting: 7.10%
  • Market Cap: $2.75 trillion
  • Revenue (Trailing 12-Month): $383.93 billion
  • Net Income (Trailing 12-Month): $94.76 billion
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Apple is a major producer of hardware and software products, primarily for the consumer market. Its most prominent product is the Apple iPhone brand, but Apple also produces other brands including Mac computers and iPad tablets. It also operates the Apple Music and Apple TV media distribution platforms.\n

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2. Microsoft (MSFT)

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  • Index Weighting: 6.51%
  • Market Cap: $2.36 trillion
  • Revenue (Trailing 12-Month): $211.91 billion
  • Net Income (Trailing 12-Month): $72.36 billion
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Microsoft is a computer hardware and software company that makes products for both personal and enterprise use. A major player in the tech industry for decades, Microsoft is best known for its Windows operating system, the Microsoft Office suite of programs, and the Xbox game system. The company also is a major player in cloud computing services with its cloud platform, Azure.\n

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3. Amazon (AMZN)

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  • Index Weighting: 3.24%
  • Market Cap: $1.35 trillion
  • Revenue (Trailing 12-Month): $538.05 billion
  • Net Income (Trailing 12-Month): $13.07 billion
    • \n
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Amazon is an online retailer of all kinds of goods but has increasingly diversified its business. It also has a major cloud-computing business known as Amazon Web Services and runs the Whole Foods chain of brick-and-mortar grocery stores.\n

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Founder and long-time chief executive officer (CEO) Jeff Bezos stepped down as CEO of the company on July 5, 2021, to become executive chair of the company. He was replaced by Andrew Jassey, who previously served as CEO of Amazon Web Services.\n

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4. NVIDIA (NVDA)

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  • Index Weighting: 2.84%
  • Market Cap: $1.04 trillion
  • Revenue (Trailing 12-Month) as of July 31, 2023: $32.68 billion
  • Net Income (Trailing 12-Month) as of July 31, 2023: $10.32 billion
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NVIDIA is a company that develops and manufactures Graphics Processing Units (GPUs). GPUs are a type of computer chip used for creating computer graphics, usually for visual design or computer gaming. But GPUs are increasingly in demand for other tasks such as cryptocurrency mining, artificial intelligence (AI), and machine learning development. NVIDIA is known for its GeForce brand of consumer GPUs.\n

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5. Alphabet Class A (GOOGL)

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  • Index Weighting: 2.14%
  • Market Cap: $1.66 trillion
  • Revenue (Trailing 12-Month): $288.14 billion
  • Net Income (Trailing 12-Month): $60.95 billion
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Alphabet is the parent company of search engine giant Google. Besides the Google search engine, Alphabet runs a number of other services, including the video-sharing site YouTube.\n

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It's notable that the company splits its stock into two main share classes:\n

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  • The A shares usually trade for slightly more than the C shares and carry voting rights.
    • \n
  • The C shares are nonvoting shares, meaning they do not entitle the holder to participate in proxy votes.
    • \n
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Each trades on the S&P 500. On their own, they are large enough to make the top 10 list. If counted together, they would place Alphabet third on this list and would make up 3.88% of the index.\n

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6. Tesla (TSLA)

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  • Index Weighting: 1.87%
  • Market Cap: $784 billion
  • Revenue (Trailing 12-Month): $94.03 billion
  • Net Income (Trailing 12-Month): $12.23 billion
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Tesla is primarily a maker of electric cars. It makes more than 90% of its revenue and virtually all of its profit from its car business, but it also sells solar panels and batteries for homes and businesses.\n

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7. Meta Platforms Class A (META)

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  • Index Weighting: 1.84%
  • Market Cap: $774 billion
  • Revenue (Trailing 12-Month): $120.52 billion
  • Net Income (Trailing 12-Month): $22.54 billion
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Meta Platforms, previously Facebook, runs the largest, most dominant social networking platform in the world. It also owns the photo-sharing app Instagram, the messenger app WhatsApp, and the virtual reality equipment Meta Quest.
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8. Alphabet Class C (GOOG)

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  • Index Weighting: 1.83%
  • Market Cap: $1.66 trillion
  • Revenue (Trailing 12-Month): $288.14 billion
  • Net Income (Trailing 12-Month): $60.95 billion
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(See above for company description)
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Alphabet also has B shares. This class has disproportionate voting rights and is only held by Google insiders. The B shares do not trade on the open market.

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9. Berkshire Hathaway (BRK.B)

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  • Index Weighting: 1.81%
  • Market Cap: $789 billion
  • Revenue (Trailing 12-Month): $333 billion
  • Net Income (Trailing 12-Month): $86.89 billion
    • \n
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Berkshire Hathaway is a holding company for the various investments CEO Warren Buffett has made over the years. Among its numerous holdings are insurance businesses such as GEICO, large energy and utilities businesses, a major railroad, consumer brands such as ice cream chain Dairy Queen, and manufacturers such as aerospace parts manufacturer Precision Castparts Corp. It also owns an enormous portfolio of equities.
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10. UnitedHealth Group (UNH)

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  • Index Weighting: 1.30%
  • Market Cap: $473 billion
  • Revenue (Trailing 12-Month): $348.51 billion
  • Net Income (Trailing 12-Month): $21.11 billion
    • \n
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UnitedHealth Group is a health insurance and pharmacy benefit management (PBM) corporation. It operates its PBM as well as additional healthcare services such as health-related data analytics under its Optum brand.
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How Can I Invest in the S&P 500?

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There are several ways that you can invest in the S&P 500. Many investment companies have some type of investment that tracks the index. Some of the most common ways to invest in the company (without having to buy the stocks of the individual companies listed on the index) include purchasing shares in mutual funds or exchange-traded funds (ETFs). ETFs are like stocks because they trade on stock exchanges and are more cost-effective because of the lower fees associated with them. Do your research or talk to an investment professional who can help you navigate through all the options.

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Can I Buy Shares in the S&P 500?

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No, you cannot buy shares or invest directly in the S&P 500. That's because it is an index that is made up of some of the largest companies in the United States. But you can invest in vehicles that track the index. Index funds and ETFs try to mimic the composition and returns of the index.

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What Does the S&P 500 Measure?

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The S&P 500 is an index that tracks the performance of 500 of the largest companies in the United States. Because some companies have different share classes, the index is now made up of 503 stocks. In order to be listed on the index, companies must have a market capitalization of more than $14.5 billion and must meet other criteria. Combined, the top 10 constituents make up more than 30% of the index's market value.

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The Bottom Line

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The S&P 500 is one of the most widely-watched and tracked indexes in the global financial markets. It is made up of 500 of the largest companies in the country. Because of the vast market values of the companies on the S&P 500, the index is considered a gauge of the U.S. economy. Investors who are interested in taking advantage of the returns may want to consider buying shares in an index fund or ETF.\n

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Article Sources
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Investopedia requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in our\neditorial policy.
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  1. S&P Dow Jones Indices. "S&P 500," Download Factsheet, Pages 1-4.

    2. \n

  2. State Street Global Advisors. "SPDR S&P 500 ETF Trust," Download Excel "All Holdings Daily."

    3. \n

  3. S&P Dow Jones Indices. "S&P 500," Download Factsheet, Page 4.

    4. \n

  4. TradingView. "Apple Inc. Financials-Statements."

    5. \n

  5. Companies Market Cap. "Largest Companies by Market Cap."

    6. \n

  6. U.S. Securities and Exchange Commission. "Apple, Inc., Form 10-K, For the Fiscal Year Ended September 24, 2022," Pages 1-2.

    7. \n

  7. TradingView. "Microsoft Corp. Financials-Statements."

    8. \n

  8. Microsoft Investor Relations. "Segment Information."

    9. \n

  9. TradingView. "Amazon.com Inc. Financials-Statements."

    10. \n

  10. U.S. Securities and Exchange Commission. "Amazon, Inc., Form 10-K, For the Fiscal Year Ended December 31, 2022," Page 3.

    11. \n

  11. Amazon.com, Inc. \u201cAmazon and Whole Foods Market Announce Acquisition to Close This Monday, Will Work Together to Make High-Quality, Natural and Organic Food Affordable for Everyone.\u201d

    12. \n

  12. Bloomberg. "Amazon Begins New Chapter as Bezos Hands Over CEO Role."

    13. \n

  13. TradingView. "NVIDIA Corporation. Financials-Statements."

    14. \n

  14. U.S. Securities and Exchange Commission. "NVIDIA Corporation, Form 10-K, For the Fiscal Year Ended January 29, 2023," Pages 4-7.

    15. \n

  15. TradingView. "Alphabet Inc. Financials-Statements."

    16. \n

  16. U.S. Securities and Exchange Commission. "Alphabet, Inc., Form 10-K, For the Fiscal Year Ended December 31, 2022," Pages 4-6.

    17. \n

  17. Alphabet Investor Relations. "Notice of 2023 Annual Meeting of Stockholders and Proxy Statement," Page 16.

    18. \n

  18. TradingView. "Tesla, Inc. Financials-Statements."

    19. \n

  19. TradingView. "Meta Platforms, Inc. Financials-Statements."

    20. \n

  20. U.S. Securities and Exchange Commission. "Meta Platforms, Inc., Form 10-K, For the Fiscal Year Ended December 31, 2022," Pages 7-8.

    21. \n

  21. TradingView. "Berkshire Hathaway Inc. Financials-Statements."

    22. \n

  22. CNBC. "Berkshire Hathaway Portfolio Tracker."

    23. \n

  23. U.S. Securities and Exchange Commission. "Berkshire Hathaway, Inc., Form 10-K, For the Fiscal Year Ended December 31, 2022," Pages 1-24.

    24. \n

  24. TradingView. "UnitedHealth Group Incorporated. Financials-Statements."

    25. \n

  25. U.S. Securities and Exchanges Commission. "UnitedHealth Group, Form 10-K, For the Fiscal Year Ended December 31, 2022," Pages 1-4.

    26. \n

  26. S&P Global. "S&P Dow Jones Indices Announces Update to S&P Composite 1500 Market Cap Guidelines."

    27. \n
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Related Terms
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S&P/TSX Composite Index: Definition, Constituents, How To Buy\n
The S&P/TSX Composite Index is a capitalization-weighted index that tracks the performance of companies listed on the Toronto Stock Exchange (TSX).
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Nasdaq 100 Index: What It Is, How It's Weighted and Traded\n
The Nasdaq 100 Index Includes Companies From Various Sectors Except for Companies in the Financial Sector. Discover More About the Nasdaq 100.
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S&P BSE Sensex Index: Definition and What It Means for the Bombay Stock Exchange\n
Sensex is an abbreviation of the Sensitive Index, India's stock index. Its components trade on the BSE, formerly known as the Bombay Stock Exchange.
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S&P 500 Index: What It\u2019s for and Why It\u2019s Important in Investing\n
The S&P 500 Index (Standard & Poor's 500 Index) is a market-capitalization-weighted index of the 500 leading publicly traded companies in the U.S.
\nmore
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What Is the Russell 1000 Index? Definition, Holdings, and Returns\n
The Russell 1000 Index, a subset of the Russell 3000 Index, represents the 1000 top companies by market capitalization in the United States.
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Smart Beta ETF: Definition, Types, Example\n
A smart Beta ETF is an exchange-traded fund that uses a rules-based system for selecting investments to be included in the fund.
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\n\n\n\n\n\n\n\n\n\n", + "page_last_modified": "" + }, + { + "page_name": "SPY ETF: The SPDR S&P 500 ETF Trust and What It Holds", + "page_url": "https://www.investopedia.com/articles/investing/122215/spy-spdr-sp-500-trust-etf.asp", + "page_snippet": "Learn about the SPY ETF (SPDR S&P 500 ETF Trust), its characteristics, and the suitability of investing in the fund.The SPY is a well-diversified basket of assets, which allocates its holdings across multiple sectors. The top five listed below are as of Sept. 21, 2023: ... The SPDR S&P 500 ETF Trust allocates almost all of its funds into common stocks, which are included in the S&P 500 Index. The SPDR S&P 500 ETF Trust allocates almost all of its funds into common stocks, which are included in the S&P 500 Index. Its current top 10 holdings are in the following companies: ... With a four-star Morningstar rating, SPY\u2019s returns have closely tracked the S&P 500, an index that has bested the average return of other large-blend funds in the past decade. The SPDR S&P 500 ETF Trust is one of the most popular funds. It aims to track the Standard & Poor\u2019s (S&P) 500 Index, which comprises 500 large-cap U.S. stocks. These stocks are selected by a committee based on market size, liquidity, and industry. The S&P 500 serves as one of the main benchmarks of the U.S. equity market and indicates the financial health and stability of the economy. These stocks are selected by a committee based on market size, liquidity, and industry. The S&P 500 serves as one of the main benchmarks of the U.S. equity market and indicates the financial health and stability of the economy. Also known as the SPY ETF, the fund was established in Jan.", + "page_result": "\n\n\n\n\n\n\n\n\n\n\nSPY ETF: The SPDR S&P 500 ETF Trust and What It Holds\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n\n\n\n\n\n
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Table of Contents\n
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Table of Contents\n\n\n
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  • Understanding the SPY ETF
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  • Portfolio Structure and Costs
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  • SPY Top Holdings
    • \n
  • Historic Performance
    • \n
  • SPY Turns 30
    • \n
  • SPY FAQs
    • \n
  • The Bottom Line
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  • Investing
    • \n
  • ETFs
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SPY ETF: The SPDR S&P 500 ETF Trust and What It Holds

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Updated July 08, 2023
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The SPDR S&P 500 ETF Trust is one of the most popular funds. It aims to track the Standard & Poor\u2019s (S&P) 500 Index, which comprises 500 large-cap U.S. stocks. These stocks are selected by a committee based on market size, liquidity, and industry. The S&P 500 serves as one of the main benchmarks of the U.S. equity market and indicates the financial health and stability of the economy. Also known as the SPY ETF, the fund was established in Jan. 1993.\n

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Key Takeaways

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  • The SPDR S&P 500 ETF Trust is one of the most popular funds that aims to track the S&P 500 Index, which comprises 500 large-cap U.S. stocks.
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  • SPY was the first index exchange-traded fund listed on U.S. exchanges.
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  • Approximately one-quarter of the SPY ETF is invested in the information technology sector.
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  • The SPDR S&P 500 ETF Trust has generated an average annual return of just under 10% since its inception.
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Understanding the SPY ETF

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As noted above, the SPY ETF was established on Jan. 22, 1993. It is an exchange-traded fund (ETF) that tracks the S&P 500 Index. It is often regarded as the first ETF to be listed and remains one of the most actively traded, even with the advent of competing S&P 500 ETFs. In fact, it is considered to be the original fund that tracks the S&P 500.\n

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The ETF was introduced in 1993 and had just $6.53 million in assets under management (AUM) at the time. After a rough start and some initial difficulty finding investors, it soared to more than $1 billion in AUM three years later. As of Sept. 20, 2023, the ETF trust has an extraordinary $406.6 billion in assets.\n

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SPY is listed on the New York Stock Exchange\u2019s (NYSE) Arca exchange, and investors can trade this ETF on multiple platforms. The trustee of the SPDR S&P 500 ETF Trust is State Street Bank and Trust, and its distributor is ALPS Distributors. Because ETF shares trade in a similar manner to stocks, investors can buy and sell SPY shares via their broker throughout the day, including selling them short.\n

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The price of a share of SPY is intended to be one-tenth that of the S&P 500 Index. So, if the S&P is at a level of 4,000, then one SPY share should trade at close to $400.\n

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SPY turned 30 on Jan. 22, 2023, celebrating the milestone by remaining the largest ETF tracking the S&P 500 Index.

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SPY ETF Portfolio Structure and Costs

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Because of its relative age, the ETF is constructed as a unit investment trust (UIT). This means it's a fixed portfolio that forms units that can be created and redeemed with the issuer. Because of this structure, the SPY fully replicates the S&P 500 Index, holding all members of the underlying index at their target weights.\n

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The SPY and other index ETFs provide investors a way to own the entire index by owning a single security for a low cost. As of Sept. 20, 2023, SPY has an expense ratio of 0.0945%. While this ratio is low, it is not the lowest among other ETFs that track the S&P 500 Index. SPY\u2019s expense ratio is more than triple the Vanguard S&P 500 ETF (VOO)\u2019s expense ratio of 0.03%. Keep in mind that these fees do not include any broker fees or commissions.
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Several ETFs track the S&P 500 Index. Investors looking at such an ETF should consider the expense ratio, tracking error, and liquidity of the ETF before choosing one in which to invest.

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SPY ETF Top Holdings

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The SPY is a well-diversified basket of assets, which allocates its holdings across multiple sectors. The top five listed below are as of Sept. 21, 2023:\n

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  • Information Technology: 27.16%
  • Healthcare: 13.41%
  • Financials: 12.99%
  • Consumer Discretionary: 10.70%
  • Communication Services: 8.80%
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The SPDR S&P 500 ETF Trust allocates almost all of its funds into common stocks, which are included in the S&P 500 Index. Its current top 10 holdings are in the following companies:\n

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SPY ETF\u2019s Top 10 Holdings (as of Sept. 21, 2023)
Holding (Company)% SPY Portfolio Weight
Apple (AAPL)7.05%
Microsoft (MSFT)6.54%
Amazon (AMZN)3.24%
NVIDIA (NVDA)2.79%
Alphabet\u2014Class A (GOOGL)2.13%
Tesla (TSLA)1.95%
Alphabet\u2014Class C (GOOG) 1.83%
Berkshire Hathaway\u2014Class B (BRK.B)1.83%
Meta Platforms\u2014Class A (META)1.81%
UnitedHealth (UNH)1.28%
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Source: State Street Global Advisors
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SPY ETF Performance

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With a four-star Morningstar rating, SPY\u2019s returns have closely tracked the S&P 500, an index that has bested the average return of other large-blend funds in the past decade. The SPDR S&P 500 ETF Trust (SPY) has generated an average three-year return of 15.79% as of Aug. 31, 2023. Based on trailing 10-year data, the fund generated average annual returns of 12.66%. Since the inception of the SPDR S&P 500 ETF Trust, the fund achieved average annual returns of 9.92%.\n

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This, of course, tracks the S&P 500\u2019s performance with a beta of nearly 1.00. What is important to note is that the SPY ETF, as it fully replicates the index, has a very low relative tracking error\u2014just -0.03% as of Aug. 31 2023.
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SPY Turns 30

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The SPY celebrated its 30th birthday on Jan. 22, 2023, by remaining the preeminent S&P 500 ETF despite having higher management fees compared to its younger rivals. While the SPY wasn\u2019t a new strategy when it launched in 1993, it provided a revolutionary way to invest by trading similarly to a stock on an exchange.\u00a0\n

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Apart from a first-mover advantage, several factors have cemented the SPY\u2019s longevity:\n

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  • The fund has benefited from a growing transition to passive investment management. Although active management funds have taken the lion\u2019s share of net inflows over much of the last 30 years, that trend switched in 2018.\u00a0In 2021, the U.S. equity fund market share in passive funds reached 54%, partly due to the SPY\u2019s successful long-term track record and growing AUM.
  • The S&P\u2019s stellar performance, driven by large-cap technology stocks in the mid-to-late 1990s and after the Great Recession, helped the SPY to continue attracting further inflows. From 1995 to 1999, the blue-chip index gained an average of 28% per year, while from 2009 to 2022, it gained more than 400%.
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The ETF\u2019s $406.6 billion asset base, coupled with an average daily trading volume (ADTV) of around $28.5 billion, makes the fund popular with investors who want cost-effective exposure to the S&P 500 and traders who seek deep liquidity. The SPY\u2019s broad appeal assures that it will remain at the forefront of financial markets for the foreseeable future.
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Does the SPDR S&P 500 ETF Trust Pay a Dividend?

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Yes. As of Sept. 20, 2023, the 12-month distribution yield for SPY is 1.48%.

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Is SPY a Stock or Exchange-Traded Fund?

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The SPY is an ETF. This is the broad name for a kind of security that aggregates or tracks multiple stocks within an index, industry, or another grouping. SPDRs are a specific type of ETF issued by State Street Global Advisors that tracks a certain index, such as the S&P 500. While ETFs may trade like ordinary shares of stock, they represent a portfolio of stocks and not just one company.

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What Does SPDR Stand For?

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SPDR stands for Standard & Poor\u2019s Depositary Receipt. SPDR ETFs have a fixed number of shares that are exchanged and traded like stocks on the open market.

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Is the SPDR S&P 500 ETF Trust a Good Investment?

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Yes. The SPY ETF diversifies exposure to the U.S. equity market and is suitable for investors willing to take on a moderate level of risk. Since it tracks the S&P 500 Index, it is often a suitable choice for those seeking passive index investing.

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How Much Money Is Invested in the SPY?

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As of Sept. 20, 2023, the SPY has roughly $406.6 billion in assets under management.

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The Bottom Line

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The SPDR S&P 500 ETF Trust offers investors an efficient way to diversify their exposure to the U.S. equity market without having to invest in multiple stocks. Therefore, the SPY is suitable for any investors who want to include U.S. equities in their portfolio while taking only a moderate level of risk.\n

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That being said, since the SPDR S&P 500 ETF Trust tracks 500 large-cap stocks in the United States, it carries a multitude of risks, such as market risk, country risk, currency risk, economic risk,\u00a0and interest rate risk. Investors should be aware of both world and U.S. economic data, which could affect the performance of the fund.
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Article Sources
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Investopedia requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in our\neditorial policy.
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  1. State Street Global Advisors. \u201cSPDR\u00ae S&P 500\u00ae ETF Trust: SPY.\u201d

    2. \n

  2. State Street Global Advisors. "SPY: The Original S&P 500\u00ae ETF."

    3. \n

  3. U.S. Securities and Exchange Commission. \u201cSPY: The Idea That Spawned an Industry.\u201d

    4. \n

  4. U.S. Securities and Exchange Commission. \u201cSpiders (SPDRs).\u201d

    5. \n

  5. ETF Database. "Largest ETFs: Top 100 ETFs by Assets."

    6. \n

  6. Vanguard, Personal Investors. \u201cVOO: Vanguard S&P 500 ETF.\u201d

    7. \n

  7. Morningstar. \u201cSPDR\u00ae S&P 500 ETF Trust: SPY.\u201d

    8. \n

  8. ETF.com. \u201cSPY: SPDR S&P 500 ETF Trust.\u201d

    9. \n

  9. Fidelity Investments. \u201cKey Statistics: SPY.\u201d

    10. \n

  10. OfficialData.org. \u201cStock Market Returns Between 2009 and 2022.\u201d

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  11. CNBC. \u201cThe First ETF Is 30 Years Old This Week. It Launched a Revolution in Low-Cost Investing.\u201d

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Related Terms
\n
Spiders (SPDR): How They Work, Origin and Examples\n
Spiders (SPDR) are tradable ETFs that closely follow the performance of the benchmark S&P 500 or sectors within the index.
\nmore
\n
Exchange-Traded Product (ETP): Definition, Types, and Example\n
Exchange-traded products (ETPs) are types of securities that track underlying securities, an index, or other financial instruments. ETPs trade on exchanges similar to stocks.
\nmore
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Passive ETF: What It Means, How It Works\n
A passive ETF is a method of investing in an entire index or sector with the benefits of low costs and transparency that are absent in active investing.
\nmore
\n
Index ETF: Definition, Types, Advantages, and Risks\n
Index ETFs\u00a0are exchange-traded funds that seek\u00a0to track\u00a0a\u00a0benchmark index like the S&P 500 as closely as possible.
\nmore
\n
S&P 500 Dividend Aristocrat Index Defined, List of Top Companies\n
The S&P 500 Dividend Aristocrats index tracks the performance of blue-chip companies. A dividend aristocrat tends to be a large blue-chip company.
\nmore
\n
What Is a Broad-Based Index, and What Are Some Broad Index Funds?\n
A broad-based index is designed to reflect the movement of the entire market\u2014one example of a broad-based index is the Dow Jones Industrial Average.
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SPDR S&P 500 ETF Trust (SPY)

NYSEArca - Nasdaq Real Time Price. Currency in USD
Follow
Visitors trend2W10W9M
509.83-3.52 (-0.69%)
At close: 04:00PM EDT
509.79 -0.04 (-0.01%)
After hours: 07:59PM EDT

Overall Portfolio Composition (%)

Stocks99.88%
Bonds0.00%

Sector Weightings (%)

Sector(s)
SPY
Basic Materials
2.09%
Consumer Cyclical
10.79%
Financial Services
12.53%
Real Estate
2.32%
Consumer Defensive
5.93%
Healthcare
12.56%
Utilities
2.13%
Communication Services
8.90%
Energy
3.71%
Industrials
8.23%
Technology
30.82%

Equity Holdings

AverageSPY
Price/Earnings0.04
Price/Book0.23
Price/Sales0.35
Price/Cashflow0.06
Median Market CapN/A
3 Year Earnings GrowthN/A

Bond Ratings

Sector(s)SPY
US Government0.00%
AAAN/A
AAN/A
AN/A
BBBN/A
BBN/A
BN/A
Below BN/A
OthersN/A

Top 10 Holdings (32.21% of Total Assets)

Get Quotes for Top Holdings
NameSymbol% Assets
Microsoft CorpMSFT7.18%
Apple IncAAPL6.17%
NVIDIA CorpNVDA4.56%
Amazon.com IncAMZN3.75%
Meta Platforms Inc Class AMETA2.54%
Alphabet Inc Class AGOOGL1.91%
Berkshire Hathaway Inc Class BBRK-B1.74%
Alphabet Inc Class CGOOG1.63%
Eli Lilly and CoLLY1.40%
Broadcom IncAVGO1.33%
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