Tearsheet

State Street SPDR S&P Dividend ETF (SDY)


Market Price (5/21/2026): $148.145

State Street SPDR S&P Dividend ETF (SDY)


Market Price (5/21/2026): $148.145

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Price Chart

Valuation & Yield

 5/21/2620252024202320222021
Share Price CYE$148.12$139.16$128.63$118.61$115.60$116.22
Dividend/Share TTM$2.82$3.63$3.38$3.30$3.20$3.39

Valuation [1]
      
P/S TTM1.831.831.901.891.862.33
P/E TTM20.1420.5820.9921.3219.9722.54

Yields TTM
      
Earnings Yield4.96%4.86%4.76%4.69%5.01%4.44%
Dividend Yield1.90%2.61%2.63%2.78%2.76%2.92%
Total Yield (TY)6.87%7.47%7.39%7.47%7.77%7.36%

Risk Premium [2]
      
Risk Free Rate (Rf)4.67%4.18%4.58%3.88%3.88%1.52%
Risk Prem. (TY - Rf)2.20%3.29%2.81%3.59%3.89%5.84%

[1] P/E uses aggregate method (profitable constituents only); P/S uses all constituents. Ratios reflect current ETF holdings at current weights.
[2] The premium above the risk free rate (US 10Y) offered by the investment. Negative premiums can indicate stretched valuations.

Top 20 Holdings for SDY

Total Weights
Top 5: 10.0% | Top 10: 17.5% | Top 20: 31.0%

Performance for SDY Top Holdings

TickerHoldingWeightMkt Price
5/20
1D Rtn1M RtnYTD Rtn1Y Rtn3Y Rtn5Y Rtn10Y Rtn
SDYState Street SPDR S&P Dividend ETF100.00%148.120.3%-0.7%6.4%10.7%31.6%34.4%147.5%
VZVerizon Communications2.46%47.820.2%3.0%21.2%15.4%62.3%14.6%63.8%
ORealty Income2.21%62.240.2%-3.7%12.3%17.0%22.6%24.2%73.3%
QCOMQualcomm2.07%202.513.5%47.3%19.2%34.7%104.8%71.8%391.0%
KVUEKenvue1.62%17.321.0%-0.3%2.8%-24.9%-28.9%  
TXNTexas Instruments1.60%304.880.9%31.1%77.8%66.1%95.7%90.0%584.8%
KMBKimberly-Clark1.57%97.551.1%-1.0%-2.1%-28.1%-24.5%-11.2%9.3%
PEPPepsiCo1.51%149.29-0.7%-4.9%4.9%17.8%-13.9%18.5%102.0%
ADPAutomatic Data Processing1.50%220.690.1%9.0%-13.5%-29.9%9.3%25.8%220.8%
MCHPMicrochip Technology1.48%94.022.4%17.0%48.4%59.3%29.5%38.9%362.9%
CVXChevron1.46%191.33-3.0%5.4%27.9%45.2%39.9%125.6%192.9%
TGTTarget1.44%122.33-3.9%-5.1%27.6%30.1%-10.3%-36.3%142.2%
EIXEdison International1.41%69.74-1.3%-1.2%19.3%26.7%18.5%51.8%51.2%
ADMArcher-Daniels-Midland1.40%77.55-1.7%14.2%36.8%61.1%17.0%33.3%161.6%
WECWEC Energy1.40%110.65-0.8%-3.1%6.7%6.3%37.0%37.2%163.3%
ABBVAbbVie1.35%212.30-0.7%4.2%-5.6%18.6%62.9%120.5%437.1%
SOSouthern1.33%93.62-0.6%0.9%9.1%6.4%45.7%74.9%191.0%
EDConsolidated Edison1.32%106.30-1.7%-2.3%8.8%3.9%23.8%60.3%110.7%
XELXcel Energy1.30%79.860.2%-0.6%8.9%13.9%34.2%29.9%168.4%
ESEversource Energy1.29%69.050.3%2.0%4.9%10.2%8.3%0.2%79.7%
MDTMedtronic1.28%78.15-0.5%-8.1%-18.0%-6.6%-3.6%-28.5%26.1%

Guidance Updates for SDY Top Holdings

 TickerCompanyEarnings DateGuidance MetricMidpoint Value% ChangeGuidance Change
MCHP_5072026MCHPMicrochip Technology5/7/2026Q1 2027 Revenue1.46 Bil15.5%Higher NewNew Guidance Higher than Prior Actual of 1.26 Bil for Q4 2026
TXN_4222026TXNTexas Instruments4/22/2026Q2 2026 Revenue5.20 Bil15.6%Higher NewNew Guidance Higher than Prior Actual of 4.50 Bil for Q1 2026

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
SDY Return25%-1%3%8%8%6%59%
Peers Return27%-5%13%17%15%9%100%
S&P 500 Return27%-19%24%23%16%7%96%

Monthly Win Rates [3]
SDY Win Rate67%42%50%58%58%60% 
Peers Win Rate67%43%53%75%70%72% 
S&P 500 Win Rate75%42%67%75%67%60% 

Max Drawdowns [4]
SDY Max Drawdown-7%-15%-15%-8%-12%-7% 
Peers Max Drawdown-5%-18%-10%-6%-14%-7% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: VIG, SCHD, VYM, DGRO, CGDV.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 5/20/2026 (YTD)

Sharpe Ratios Compared

One measure of reward vs. risk is a Sharpe ratio. A higher ratio indicates better risk-adjusted returns. Most funds have Sharpe ratios < 1.0.

Ticker1Y3Y5Y
SDY1.120.420.29
Equity Top Results (3Y)   
SPMO1.931.450.89
SMH2.991.440.91
CGDV2.121.320.89
ALLW1.751.291.29
DYNF1.961.280.68

Results as of 4302026.

How Low Can It Go

EventSDYS&P 500
2025 US Tariff Shock
  % Loss-10.1%-18.8%
  % Gain to Breakeven11.3%23.1%
  Time to Breakeven37 days79 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-12.5%-9.5%
  % Gain to Breakeven14.3%10.5%
  Time to Breakeven61 days24 days
2022 Inflation Shock & Fed Tightening
  % Loss-11.9%-24.5%
  % Gain to Breakeven13.5%32.4%
  Time to Breakeven41 days427 days
2020 COVID-19 Crash
  % Loss-36.4%-33.7%
  % Gain to Breakeven57.3%50.9%
  Time to Breakeven238 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-12.7%-19.2%
  % Gain to Breakeven14.5%23.8%
  Time to Breakeven50 days105 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-10.0%-12.2%
  % Gain to Breakeven11.1%13.9%
  Time to Breakeven69 days62 days

Compare to VIG, SCHD, VYM, DGRO, CGDV

In The Past

State Street SPDR S&P Dividend ETF's stock fell -10.1% during the 2025 US Tariff Shock. Such a loss loss requires a 11.3% gain to breakeven.

Preserve Wealth

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Asset Allocation

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EventSDYS&P 500
2020 COVID-19 Crash
  % Loss-36.4%-33.7%
  % Gain to Breakeven57.3%50.9%
  Time to Breakeven238 days140 days
2008-2009 Global Financial Crisis
  % Loss-49.2%-53.4%
  % Gain to Breakeven97.0%114.4%
  Time to Breakeven410 days1085 days

Compare to VIG, SCHD, VYM, DGRO, CGDV

In The Past

State Street SPDR S&P Dividend ETF's stock fell -10.1% during the 2025 US Tariff Shock. Such a loss loss requires a 11.3% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

SDY Dip Buy History


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Current Dip Buy Opportunities Across ETFs

ETFs currently down 5% or more from trailing 6M peaks.

TickerNameDip %Mkt PricePrice DatePeak PricePeak Date# Days
NOBLProShares S&P 500 Dividend Aristocrats ETF-6.5%106.645202026114.03301202680
ARKKARK Innovation ETF-8.9%75.84520202683.211132026127
URAGlobal X Uranium ETF-22.3%48.04520202661.811282026112
BOTZGlobal X Funds Global X Robotics & Artificial Intelligence ETF-5.7%39.25520202641.6351320267
LITGlobal X Lithium & Battery Tech ETF-8.9%83.49520202691.6251120269
CGBLCapital Group Core Balanced ETF-6.2%34.41520202636.67225202684
XLFState Street Financial Select Sector SPDR ETF-7.9%51.66520202656.111062026134
XLVState Street Health Care Select Sector SPDR ETF-7.8%147.135202026159.54301202680
XLYState Street Consumer Discretionary Select Sector SPDR ETF-5.1%117.945202026124.271122026128
XLUState Street Utilities Select Sector SPDR ETF-6.1%44.51520202647.40301202680
XLBState Street Materials Select Sector SPDR ETF-6.9%49.72520202653.38211202698
IBBiShares Biotechnology ETF-5.4%167.915202026177.511222026118
XBIState Street SPDR S&P Biotech ETF-5.0%131.715202026138.67419202631
ITAiShares U.S. Aerospace & Defense ETF-10.8%223.285202026250.42302202679
XOPState Street SPDR S&P Oil & Gas Exploration & Production ETF-7.1%174.735202026188.18329202652
TLTiShares 20+ Year Treasury Bond ETF-6.9%83.91520202690.16301202680
VGLTVanguard Long-Term Treasury ETF-6.1%53.73520202657.20301202680
SPTLState Street SPDR Portfolio Long Term Treasury ETF-6.4%25.52520202627.28301202680
TLHiShares 10-20 Year Treasury Bond ETF-5.9%98.095202026104.25301202680
EDVVanguard World Funds Extended Duration ETF-9.7%61.68520202668.33301202680
GSGiShares GSCI Commodity-5.8%30.01520202631.85318202663
GLDSPDR Gold Trust-15.8%417.405202026495.901292026111
IAUiShares Gold Trust-15.8%85.535202026101.571292026111
GLDMSPDR Gold MiniShares Trust-15.7%89.965202026106.771292026111
SGOLETFS Physical Swiss Gold Shares-13.1%44.66520202651.411292026111
BARDirexion Daily Gold Bull 3X Shares-16.6%44.34520202653.161292026111
SLViShares Silver Trust-34.9%68.735202026105.601282026112
SIVRETFS Physical Silver Shares Trust ETF-24.8%83.395202026110.871282026112
PPLTETFS Physical Platinum Shares-29.3%17.84520202625.231252026115
CPERUnited States Copper Index Fund ETV-13.9%33.33520202638.711292026111
PALLETFS Physical Palladium Shares-32.7%25.01520202637.181282026112
USOUnited States Oil Fund LP-5.7%144.275202026152.9651920261
UNGUnited States Natural Gas Fund LP-32.0%11.49520202616.902012026108
BNOUnited States Brent Oil Fund LP ETV-7.1%55.85520202660.13504202616
IBITiShares Bitcoin Trust ETF-20.7%43.99520202655.441142026126
FBTCFidelity Wise Origin Bitcoin Fund-20.6%67.57520202685.121142026126
GBTCGrayscale Bitcoin Trust ETF-19.0%61.84520202676.311142026126
ETHAiShares Ethereum Trust ETF-36.9%16.14520202625.591142026126

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About SDY

0Holdings Count: 155
Expense Ratio: 0.35%
Inception Date: 2005-11-08
State Street SPDR S&P Dividend ETF
The State Street SPDR S&P Dividend ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P High Yield Dividend AristocratsTM Index (the "Index")The Index screens for companies that have consistently increased their dividend for at least 20 consecutive years, and weights the stocks by yieldDue to the index screen for 20 years of consecutively raising dividends, stocks included in the Index have both capital growth and dividend income characteristics, as opposed to stocks that are pure yield
Asset Class: Equity | ETF Website

Recent Active Movers

Short Interest

Short Interest: As Of Date4302026
Short Interest: Shares Quantity0.1 Mil
Short Interest: % Change Since 4152026163.2%
Average Daily Volume0.2 Mil
Days-to-Cover Short Interest1