SPDR S&P 500 (SPY) ETF: What is it & How Does it Work? (2024)

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SPDR S&P 500 (SPY) ETF: What is it & How Does it Work? (2024)

FAQs

How does SPDR S&P 500 ETF work? ›

The SPDR S&P 500 ETF is listed on the New York Stock Exchange and trades under the ticker symbol SPY. The SPY's price tracks the S&P 500 index. The SPDR S&P 500 ETF allows investors to track the performance of the US economy without having to buy all the stocks listed on the S&P 500 directly.

How to invest in SPDR S&P 500 ETF Trust SPY? ›

How to Buy the SPY ETF. Investing in the SPY ETF can be relatively easy. Many investors buy shares of the SPY ETF through an online broker or through a mutual fund company that provides access to ETFs. You can also buy shares of the SPY ETF through a retirement account, such as an IRA.

What is the difference between S&P 500 and SPDR S&P 500 ETF? ›

What Is SPY? The SPDR S&P 500 ETF Trust (SPY), also known as SPY, is an exchange-traded fund that tracks the performance of the S&P 500 index. The S&P 500 is a stock market index that measures the performance of 500 large cap publicly traded companies in the United States.

Is SPDR S&P 500 a good investment? ›

SPDR S&P 500 ETF carries a Zacks ETF Rank of 3 (Hold), which is based on expected asset class return, expense ratio, and momentum, among other factors. Thus, SPY is a sufficient option for those seeking exposure to the Style Box - Large Cap Blend area of the market.

How do I put money on my S&P 500 ETF? ›

To invest in S&P 500 ETFs, investors can gain exposure through discount brokers with commission-free trading. S&P 500 index funds trade through brokers and discount brokers and may be accessed directly from the fund companies.

What is the average return of SPDR S&P 500? ›

Investment Returns as of Apr 30, 2024
Chg (%)Return (%) as of Apr 30, 2024
1 Day30Y
SPDR S&P 500 (SPY) ETF-0.5910.35
US Inflation Adjusted return7.60
Returns over 1 year are annualized | Available data source: since Jan 1871
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