- Last Ratings Update:01/31/2015
- Price as of 01/31/2015 :$199.45
- Net Assets:$180,378.094 Million
- Peer Rank:55 of 289
- Investment Rating:A-
We rate SPDR S&P 500 ETF at A-. This overall rating indicates it is among the top 10% of all closed end funds in its peer group. Positive factors that influence this rating include a well above average total return, low price volatility and low expense structure. The fund invests approximately 100% of its assets in stocks and may be considered for investors seeking a Growth - Domestic strategy.
POSITIVES AND RISKS
Total return ranks very high in comparison with peers over the last three years. The SPDR S&P 500 ETF has returned an annual rate of 9.11% since inception. More recently, the fund has generated a total return of 15.67% in the last five years, 16.39% in the last three years, and 14.12% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 78% of them. It has also outpaced 86% of its competitors on a three year basis and 71% of them over the last year for the period ending 1/31/2015. On a year to date basis, SPY has returned -2.96%.
Downside risk has been below average. SPY has a draw down risk of -6.63%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 9.3%. This fund has had a low level of volatility in its monthly performance over the last 36 months. As of 1/31/2015, the fund was trading at a price of $199.45, which is 3.6% below its 52-week high of $206.88 and 0.5% above its 52-week low of $198.55.
Low expense ratio helps performance. On total assets of $180.38 billion, SPY maintains a low expense ratio compared to its Growth - Domestic peers of just 0.09% to cover all operating costs. Brokerage costs for the fund to buy and sell shares are not included in the expense ratio. As SPY is an exchange traded fund, it has no front end or back end load.
The SPDR S&P 500 ETF is managed by David K. Chin at State Street Bank and Trust Company. This fund is one of 2 State Street Bank and Trust Company exchange-traded funds launched since 1/22/1993 that we track.
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