SPDRS&P 500ETFFind Ratings Reports
- Last Ratings Update:06/30/2016
- Price as of 06/30/2016 :$208.93
- Net Assets:$180,378.094 Million
- Peer Rank:25 of 323
- Investment Rating:B+
We rate SPDR S&P 500 ETF at B+. 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 8.94% since inception. More recently, the fund has generated a total return of 11.89% in the last five years, 11.45% in the last three years, and 4.65% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 80% of them. It has also outpaced 76% of its competitors on a three year basis and 67% of them over the last year for the period ending 6/30/2016. On a year to date basis, SPY has returned 4.59%.
Downside risk has been below average. SPY has a draw down risk of -9.24%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 11.2%. This fund has had moderate volatility in its monthly performance over the last 36 months. As of 6/30/2016, the fund was trading at a price of $208.93, which is 1.7% below its 52-week high of $212.52 and 5.2% above its 52-week low of $198.65.
Low expense ratio helps performance. 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.