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
Asset Allocation with SDY
Valuation & Yield
| 5/21/26 | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| 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 TTM | 1.83 | 1.83 | 1.90 | 1.89 | 1.86 | 2.33 |
| P/E TTM | 20.14 | 20.58 | 20.99 | 21.32 | 19.97 | 22.54 |
Yields TTM | ||||||
| Earnings Yield | 4.96% | 4.86% | 4.76% | 4.69% | 5.01% | 4.44% |
| Dividend Yield | 1.90% | 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%
| Ticker | Holding | Weight |
|---|---|---|
| VZ | Verizon Communications | 2.46% |
| O | Realty Income | 2.21% |
| QCOM | Qualcomm | 2.07% |
| KVUE | Kenvue | 1.62% |
| TXN | Texas Instruments | 1.60% |
| KMB | Kimberly-Clark | 1.57% |
| PEP | PepsiCo | 1.51% |
| ADP | Automatic Data Processing | 1.50% |
| MCHP | Microchip Technology | 1.48% |
| CVX | Chevron | 1.46% |
| TGT | Target | 1.44% |
| EIX | Edison International | 1.41% |
| ADM | Archer-Daniels-Midland | 1.40% |
| WEC | WEC Energy | 1.40% |
| ABBV | AbbVie | 1.35% |
| SO | Southern | 1.33% |
| ED | Consolidated Edison | 1.32% |
| XEL | Xcel Energy | 1.30% |
| ES | Eversource Energy | 1.29% |
| MDT | Medtronic | 1.28% |
Performance for SDY Top Holdings
| Ticker | Holding | Weight | Mkt Price5/20 | 1D Rtn | 1M Rtn | YTD Rtn | 1Y Rtn | 3Y Rtn | 5Y Rtn | 10Y Rtn |
|---|---|---|---|---|---|---|---|---|---|---|
| SDY | State Street SPDR S&P Dividend ETF | 100.00% | 148.12 | 0.3% | -0.7% | 6.4% | 10.7% | 31.6% | 34.4% | 147.5% |
| VZ | Verizon Communications | 2.46% | 47.82 | 0.2% | 3.0% | 21.2% | 15.4% | 62.3% | 14.6% | 63.8% |
| O | Realty Income | 2.21% | 62.24 | 0.2% | -3.7% | 12.3% | 17.0% | 22.6% | 24.2% | 73.3% |
| QCOM | Qualcomm | 2.07% | 202.51 | 3.5% | 47.3% | 19.2% | 34.7% | 104.8% | 71.8% | 391.0% |
| KVUE | Kenvue | 1.62% | 17.32 | 1.0% | -0.3% | 2.8% | -24.9% | -28.9% | ||
| TXN | Texas Instruments | 1.60% | 304.88 | 0.9% | 31.1% | 77.8% | 66.1% | 95.7% | 90.0% | 584.8% |
| KMB | Kimberly-Clark | 1.57% | 97.55 | 1.1% | -1.0% | -2.1% | -28.1% | -24.5% | -11.2% | 9.3% |
| PEP | PepsiCo | 1.51% | 149.29 | -0.7% | -4.9% | 4.9% | 17.8% | -13.9% | 18.5% | 102.0% |
| ADP | Automatic Data Processing | 1.50% | 220.69 | 0.1% | 9.0% | -13.5% | -29.9% | 9.3% | 25.8% | 220.8% |
| MCHP | Microchip Technology | 1.48% | 94.02 | 2.4% | 17.0% | 48.4% | 59.3% | 29.5% | 38.9% | 362.9% |
| CVX | Chevron | 1.46% | 191.33 | -3.0% | 5.4% | 27.9% | 45.2% | 39.9% | 125.6% | 192.9% |
| TGT | Target | 1.44% | 122.33 | -3.9% | -5.1% | 27.6% | 30.1% | -10.3% | -36.3% | 142.2% |
| EIX | Edison International | 1.41% | 69.74 | -1.3% | -1.2% | 19.3% | 26.7% | 18.5% | 51.8% | 51.2% |
| ADM | Archer-Daniels-Midland | 1.40% | 77.55 | -1.7% | 14.2% | 36.8% | 61.1% | 17.0% | 33.3% | 161.6% |
| WEC | WEC Energy | 1.40% | 110.65 | -0.8% | -3.1% | 6.7% | 6.3% | 37.0% | 37.2% | 163.3% |
| ABBV | AbbVie | 1.35% | 212.30 | -0.7% | 4.2% | -5.6% | 18.6% | 62.9% | 120.5% | 437.1% |
| SO | Southern | 1.33% | 93.62 | -0.6% | 0.9% | 9.1% | 6.4% | 45.7% | 74.9% | 191.0% |
| ED | Consolidated Edison | 1.32% | 106.30 | -1.7% | -2.3% | 8.8% | 3.9% | 23.8% | 60.3% | 110.7% |
| XEL | Xcel Energy | 1.30% | 79.86 | 0.2% | -0.6% | 8.9% | 13.9% | 34.2% | 29.9% | 168.4% |
| ES | Eversource Energy | 1.29% | 69.05 | 0.3% | 2.0% | 4.9% | 10.2% | 8.3% | 0.2% | 79.7% |
| MDT | Medtronic | 1.28% | 78.15 | -0.5% | -8.1% | -18.0% | -6.6% | -3.6% | -28.5% | 26.1% |
Guidance Updates for SDY Top Holdings
| Ticker | Company | Earnings Date | Guidance Metric | Midpoint Value | % Change | Guidance Change | |
|---|---|---|---|---|---|---|---|
| MCHP_5072026 | MCHP | Microchip Technology | 5/7/2026 | Q1 2027 Revenue | 1.46 Bil | 15.5% | Higher NewNew Guidance Higher than Prior Actual of 1.26 Bil for Q4 2026 |
| TXN_4222026 | TXN | Texas Instruments | 4/22/2026 | Q2 2026 Revenue | 5.20 Bil | 15.6% | Higher NewNew Guidance Higher than Prior Actual of 4.50 Bil for Q1 2026 |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| SDY Return | 25% | -1% | 3% | 8% | 8% | 6% | 59% |
| Peers Return | 27% | -5% | 13% | 17% | 15% | 9% | 100% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 7% | 96% |
Monthly Win Rates [3] | |||||||
| SDY Win Rate | 67% | 42% | 50% | 58% | 58% | 60% | |
| Peers Win Rate | 67% | 43% | 53% | 75% | 70% | 72% | |
| S&P 500 Win Rate | 75% | 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.
Results as of 4302026.How Low Can It Go
| Event | SDY | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -10.1% | -18.8% |
| % Gain to Breakeven | 11.3% | 23.1% |
| Time to Breakeven | 37 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -12.5% | -9.5% |
| % Gain to Breakeven | 14.3% | 10.5% |
| Time to Breakeven | 61 days | 24 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -11.9% | -24.5% |
| % Gain to Breakeven | 13.5% | 32.4% |
| Time to Breakeven | 41 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -36.4% | -33.7% |
| % Gain to Breakeven | 57.3% | 50.9% |
| Time to Breakeven | 238 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -12.7% | -19.2% |
| % Gain to Breakeven | 14.5% | 23.8% |
| Time to Breakeven | 50 days | 105 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -10.0% | -12.2% |
| % Gain to Breakeven | 11.1% | 13.9% |
| Time to Breakeven | 69 days | 62 days |
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.
| Event | SDY | S&P 500 |
|---|---|---|
| 2020 COVID-19 Crash | ||
| % Loss | -36.4% | -33.7% |
| % Gain to Breakeven | 57.3% | 50.9% |
| Time to Breakeven | 238 days | 140 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -49.2% | -53.4% |
| % Gain to Breakeven | 97.0% | 114.4% |
| Time to Breakeven | 410 days | 1085 days |
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.
Current Dip Buy Opportunities Across ETFs
ETFs currently down 5% or more from trailing 6M peaks.
| Ticker | Name | Dip % | Mkt Price | Price Date | Peak Price | Peak Date | # Days |
|---|---|---|---|---|---|---|---|
| NOBL | ProShares S&P 500 Dividend Aristocrats ETF | -6.5% | 106.64 | 5202026 | 114.03 | 3012026 | 80 |
| ARKK | ARK Innovation ETF | -8.9% | 75.84 | 5202026 | 83.21 | 1132026 | 127 |
| URA | Global X Uranium ETF | -22.3% | 48.04 | 5202026 | 61.81 | 1282026 | 112 |
| BOTZ | Global X Funds Global X Robotics & Artificial Intelligence ETF | -5.7% | 39.25 | 5202026 | 41.63 | 5132026 | 7 |
| LIT | Global X Lithium & Battery Tech ETF | -8.9% | 83.49 | 5202026 | 91.62 | 5112026 | 9 |
| CGBL | Capital Group Core Balanced ETF | -6.2% | 34.41 | 5202026 | 36.67 | 2252026 | 84 |
| XLF | State Street Financial Select Sector SPDR ETF | -7.9% | 51.66 | 5202026 | 56.11 | 1062026 | 134 |
| XLV | State Street Health Care Select Sector SPDR ETF | -7.8% | 147.13 | 5202026 | 159.54 | 3012026 | 80 |
| XLY | State Street Consumer Discretionary Select Sector SPDR ETF | -5.1% | 117.94 | 5202026 | 124.27 | 1122026 | 128 |
| XLU | State Street Utilities Select Sector SPDR ETF | -6.1% | 44.51 | 5202026 | 47.40 | 3012026 | 80 |
| XLB | State Street Materials Select Sector SPDR ETF | -6.9% | 49.72 | 5202026 | 53.38 | 2112026 | 98 |
| IBB | iShares Biotechnology ETF | -5.4% | 167.91 | 5202026 | 177.51 | 1222026 | 118 |
| XBI | State Street SPDR S&P Biotech ETF | -5.0% | 131.71 | 5202026 | 138.67 | 4192026 | 31 |
| ITA | iShares U.S. Aerospace & Defense ETF | -10.8% | 223.28 | 5202026 | 250.42 | 3022026 | 79 |
| XOP | State Street SPDR S&P Oil & Gas Exploration & Production ETF | -7.1% | 174.73 | 5202026 | 188.18 | 3292026 | 52 |
| TLT | iShares 20+ Year Treasury Bond ETF | -6.9% | 83.91 | 5202026 | 90.16 | 3012026 | 80 |
| VGLT | Vanguard Long-Term Treasury ETF | -6.1% | 53.73 | 5202026 | 57.20 | 3012026 | 80 |
| SPTL | State Street SPDR Portfolio Long Term Treasury ETF | -6.4% | 25.52 | 5202026 | 27.28 | 3012026 | 80 |
| TLH | iShares 10-20 Year Treasury Bond ETF | -5.9% | 98.09 | 5202026 | 104.25 | 3012026 | 80 |
| EDV | Vanguard World Funds Extended Duration ETF | -9.7% | 61.68 | 5202026 | 68.33 | 3012026 | 80 |
| GSG | iShares GSCI Commodity | -5.8% | 30.01 | 5202026 | 31.85 | 3182026 | 63 |
| GLD | SPDR Gold Trust | -15.8% | 417.40 | 5202026 | 495.90 | 1292026 | 111 |
| IAU | iShares Gold Trust | -15.8% | 85.53 | 5202026 | 101.57 | 1292026 | 111 |
| GLDM | SPDR Gold MiniShares Trust | -15.7% | 89.96 | 5202026 | 106.77 | 1292026 | 111 |
| SGOL | ETFS Physical Swiss Gold Shares | -13.1% | 44.66 | 5202026 | 51.41 | 1292026 | 111 |
| BAR | Direxion Daily Gold Bull 3X Shares | -16.6% | 44.34 | 5202026 | 53.16 | 1292026 | 111 |
| SLV | iShares Silver Trust | -34.9% | 68.73 | 5202026 | 105.60 | 1282026 | 112 |
| SIVR | ETFS Physical Silver Shares Trust ETF | -24.8% | 83.39 | 5202026 | 110.87 | 1282026 | 112 |
| PPLT | ETFS Physical Platinum Shares | -29.3% | 17.84 | 5202026 | 25.23 | 1252026 | 115 |
| CPER | United States Copper Index Fund ETV | -13.9% | 33.33 | 5202026 | 38.71 | 1292026 | 111 |
| PALL | ETFS Physical Palladium Shares | -32.7% | 25.01 | 5202026 | 37.18 | 1282026 | 112 |
| USO | United States Oil Fund LP | -5.7% | 144.27 | 5202026 | 152.96 | 5192026 | 1 |
| UNG | United States Natural Gas Fund LP | -32.0% | 11.49 | 5202026 | 16.90 | 2012026 | 108 |
| BNO | United States Brent Oil Fund LP ETV | -7.1% | 55.85 | 5202026 | 60.13 | 5042026 | 16 |
| IBIT | iShares Bitcoin Trust ETF | -20.7% | 43.99 | 5202026 | 55.44 | 1142026 | 126 |
| FBTC | Fidelity Wise Origin Bitcoin Fund | -20.6% | 67.57 | 5202026 | 85.12 | 1142026 | 126 |
| GBTC | Grayscale Bitcoin Trust ETF | -19.0% | 61.84 | 5202026 | 76.31 | 1142026 | 126 |
| ETHA | iShares Ethereum Trust ETF | -36.9% | 16.14 | 5202026 | 25.59 | 1142026 | 126 |
About SDY
| Holdings Count: 155Expense Ratio: 0.35%Inception Date: 2005-11-08 | State Street SPDR S&P Dividend ETFThe 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 yieldAsset Class: Equity | ETF Website |
Research & Analysis
Invest in Strategies
Wealth Management
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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