State Street SPDR S&P 500 ETF Trust (SPY)

Market Price (8/15/2026): $776.055

State Street SPDR S&P 500 ETF Trust (SPY)

Market Price (8/15/2026): $776.055

Key Takeaways

SPY has returned +14.2% YTD vs +19.2% for QQQ, +16.8% for RSP, +15.2% for VTI; +21.4% over the past 12 months (QQQ +26.5%, RSP +21.1%, VTI +22.4%). details →
Priced in gold, SPY has returned -21.9% over the past 3 years, vs +81.5% in dollars — its dollar gains have lagged gold. details →
Over the past month, SPY has seen net inflows of +$9.57B (+1.2% of assets). details →
SPY is trading at an all-time high. details →
SPY's portfolio trades at 8.0x forward earnings — a 65% discount to QQQ (22.6x). details →

Last updated: 8/14/2026.

Price Chart

ETF Price
Price/Gold

Asset Allocation with SPY

Risk Tolerance:

ConservativeModerateAggressive

Moderate — 55% equity / 25% bonds / 20% alternatives

10Y Return (ann.)

+11.9%

Volatility

10.9%

Sharpe

0.84

YTD

+9.4%

Modeled with monthly rebalancing to target weights; 10-year figures are annualized from monthly returns. Illustrative only — past performance is not indicative of future results.

	ETF	%	1D	1W	1M	YTD
Equity	SPY	25.0%	-0.2%	0.4%	3.4%	14.2%
Bond	BND	50.0%	-0.2%	-0.1%	-0.3%	-0.1%
Gold	GLD	10.0%	0.6%	0.8%	10.0%	1.3%
Commodity	DBC	2.5%	0.7%	3.8%	5.4%	34.2%
Real Estate	VNQ	5.0%	0.3%	0.4%	-1.2%	13.9%
Bitcoin	BTCUSD	0.0%	0.1%	-2.2%	-0.5%	-27.5%
Cash	GOVT	7.5%	-0.2%	-0.1%	-0.6%	-0.7%
Conservative Portfolio		100.0%	-0.1%	0.2%	1.7%	5.1%

	ETF	%	1D	1W	1M	YTD
Equity	SPY	55.0%	-0.2%	0.4%	3.4%	14.2%
Bond	BND	25.0%	-0.2%	-0.1%	-0.3%	-0.1%
Gold	GLD	7.0%	0.6%	0.8%	10.0%	1.3%
Commodity	DBC	4.0%	0.7%	3.8%	5.4%	34.2%
Real Estate	VNQ	5.0%	0.3%	0.4%	-1.2%	13.9%
Bitcoin	BTCUSD	2.0%	0.1%	-2.2%	-0.5%	-27.5%
Cash	GOVT	2.0%	-0.2%	-0.1%	-0.6%	-0.7%
Moderate Portfolio		100.0%	-0.1%	0.4%	2.6%	9.4%

	ETF	%	1D	1W	1M	YTD
Equity	SPY	80.0%	-0.2%	0.4%	3.4%	14.2%
Bond	BND	5.0%	-0.2%	-0.1%	-0.3%	-0.1%
Gold	GLD	3.0%	0.6%	0.8%	10.0%	1.3%
Commodity	DBC	2.2%	0.7%	3.8%	5.4%	34.2%
Real Estate	VNQ	4.5%	0.3%	0.4%	-1.2%	13.9%
Bitcoin	BTCUSD	5.2%	0.1%	-2.2%	-0.5%	-27.5%
Cash	GOVT	0.0%	-0.2%	-0.1%	-0.6%	-0.7%
Aggressive Portfolio		100.0%	-0.1%	0.3%	3.1%	11.3%

	ETF	%	Return	Volatility	Sharpe
Equity	SPY	25.0%	15.4%	15.3%	0.83
Bond	BND	50.0%	1.4%	5.2%	-0.25
Gold	GLD	10.0%	11.9%	15.4%	0.60
Commodity	DBC	2.5%	7.7%	17.1%	0.36
Real Estate	VNQ	5.0%	5.0%	17.5%	0.20
Bitcoin	BTCUSD	0.0%	60.0%	76.1%	0.93
Cash	GOVT	7.5%	0.3%	4.9%	-0.48
Conservative Portfolio		100.0%	6.3%	7.1%	0.51

	ETF	%	Return	Volatility	Sharpe
Equity	SPY	55.0%	15.4%	15.3%	0.83
Bond	BND	25.0%	1.4%	5.2%	-0.25
Gold	GLD	7.0%	11.9%	15.4%	0.60
Commodity	DBC	4.0%	7.7%	17.1%	0.36
Real Estate	VNQ	5.0%	5.0%	17.5%	0.20
Bitcoin	BTCUSD	2.0%	60.0%	76.1%	0.93
Cash	GOVT	2.0%	0.3%	4.9%	-0.48
Moderate Portfolio		100.0%	11.9%	10.9%	0.84

	ETF	%	Return	Volatility	Sharpe
Equity	SPY	80.0%	15.4%	15.3%	0.83
Bond	BND	5.0%	1.4%	5.2%	-0.25
Gold	GLD	3.0%	11.9%	15.4%	0.60
Commodity	DBC	2.2%	7.7%	17.1%	0.36
Real Estate	VNQ	4.5%	5.0%	17.5%	0.20
Bitcoin	BTCUSD	5.2%	60.0%	76.1%	0.93
Cash	GOVT	0.0%	0.3%	4.9%	-0.48
Aggressive Portfolio		100.0%	17.3%	15.0%	0.96

Figures are on an annualized basis, based on monthly return data for the last 10 years

	ETF	%	Inflation Shock	Covid Pandemic	2018 Correction
Equity	SPY	25.0%	-23.0%	-30.4%	-19.3%
Bond	BND	50.0%	-14.2%	-2.2%	1.3%
Gold	GLD	10.0%	-7.7%	-6.3%	5.0%
Commodity	DBC	2.5%	20.5%	-23.7%	-17.5%
Real Estate	VNQ	5.0%	-29.8%	-41.6%	-11.1%
Bitcoin	BTCUSD	0.0%	-56.0%	-33.5%	-37.4%
Cash	GOVT	7.5%	-12.4%	4.4%	1.6%
Conservative Portfolio		100.0%	-15.5%	-11.7%	-4.5%

	ETF	%	Inflation Shock	Covid Pandemic	2018 Correction
Equity	SPY	55.0%	-23.0%	-30.4%	-19.3%
Bond	BND	25.0%	-14.2%	-2.2%	1.3%
Gold	GLD	7.0%	-7.7%	-6.3%	5.0%
Commodity	DBC	4.0%	20.5%	-23.7%	-17.5%
Real Estate	VNQ	5.0%	-29.8%	-41.6%	-11.1%
Bitcoin	BTCUSD	2.0%	-56.0%	-33.5%	-37.4%
Cash	GOVT	2.0%	-12.4%	4.4%	1.6%
Moderate Portfolio		100.0%	-18.8%	-21.3%	-11.9%

	ETF	%	Inflation Shock	Covid Pandemic	2018 Correction
Equity	SPY	80.0%	-23.0%	-30.4%	-19.3%
Bond	BND	5.0%	-14.2%	-2.2%	1.3%
Gold	GLD	3.0%	-7.7%	-6.3%	5.0%
Commodity	DBC	2.2%	20.5%	-23.7%	-17.5%
Real Estate	VNQ	4.5%	-29.8%	-41.6%	-11.1%
Bitcoin	BTCUSD	5.2%	-56.0%	-33.5%	-37.4%
Cash	GOVT	0.0%	-12.4%	4.4%	1.6%
Aggressive Portfolio		100.0%	-23.2%	-28.8%	-18.1%

The table shows the return of different asset classes during market crises - specifically during the period where the S&P fell and bottomed

Learn More →

Tailored Asset Allocation
[1] Personalized 5 Level Risk Tolerance Assessment
[2] Asset Allocation for My Risk Tolerance

Learn More →

Protect Wealth
[1] Defensive Portfolios
[2] Tax-Efficient Strategies

Valuation & Yield

	Forward [4,5]	Now	Historical (CYE & TTM)
	8/31/27	8/15/26	2025	2024	2023	2022	2021
Share Price CYE		$776.34	$680.06	$577.70	$462.58	$366.62	$448.05
Dividend/Share TTM		$5.62	$7.28	$7.06	$6.63	$6.32	$5.72
Valuation [1]
P/S	3.50	3.88	4.50	4.01	3.32	2.49	3.61
P/E		25.94	28.97	27.54	24.95	20.65	25.25
P/E (Non-GAAP) [2]	20.41	24.28	27.00	26.34	23.84	19.85	28.27
P/FCF		37.71	36.03	35.12	26.47	21.18	27.76
Yields TTM
Earnings Yield	4.90%	3.85%	3.45%	3.63%	4.01%	4.84%	3.96%
Dividend Yield	0.72%	0.72%	1.07%	1.22%	1.43%	1.72%	1.28%
Total Yield (TY)	5.62%	4.58%	4.52%	4.85%	5.44%	6.57%	5.24%
Risk Premium [3]
Risk Free Rate (Rf)	4.63%	4.63%	4.18%	4.58%	3.88%	3.88%	1.52%
Risk Prem. (TY - Rf)	0.99%	-0.05%	0.34%	0.27%	1.56%	2.69%	3.72%
Growth Rates [6]
Sales Growth	13.6%	8.5%	13.5%	12.5%	11.9%	14.5%
Earnings Growth [7]	19.4%	9.2%	19.1%	-5.4%	99.6%	-6.9%

[1] P/E uses the aggregate method over profitable constituents; P/FCF aggregates net free cash flow across all constituents (negative-FCF names reduce it); P/S uses all constituents. Ratios reflect current ETF holdings at current weights. P/FCF has no Forward column (no analyst FCF estimate).
[2] P/E (Non-GAAP) uses analyst consensus net income (adjusted basis) for all periods. The standard P/E row above uses GAAP net income.
[3] The premium above the risk free rate (US 10Y) offered by the investment. Negative premiums can indicate stretched valuations.
Show more

Highlights

YIELD

SPY's earnings yield is 3.85%, based on its 25.9x trailing P/E. With a 0.72% dividend yield, SPY is yielding 4.58% in total.

RISK

Compared to US Treasuries at 4.63%, SPY's total yield implies a -0.05% risk premium. A negative risk premium means investors earn less than risk-free Treasuries — valuations are historically stretched, though expectations of falling interest rates or fast earnings growth can justify such levels.

FORWARD EXPECTATIONS

Based on analyst estimates, SPY's forward total yield is 5.62%, implying a 0.99% risk premium assuming stable Treasury rates.

Top 20 Holdings for SPY

Total Weights
Top 5: 28.6% | Top 10: 39.4% | Top 20: 50.2%

Ticker	Holding	ETF Weight	Sales Weight	Earnings Weight	Fwd P/S	Fwd P/E	Fwd Sales Growth	Fwd Earnings Growth
Total		99.93%	100.00%	100.00%	1.7	7.9	+13.6%	+19.4%
Top 20		50.19%	13.72%	28.46%	6.1	21.7	+17.2%	+15.4%
NVDA	NVIDIA	8.19%	0.77%	3.71%	11.1	20.1	+43.2%	+41.6%
AAPL	Apple	7.04%	1.49%	3.14%	8.7	32.9	+8.8%	+3.6%
MSFT	Microsoft	5.85%	1.07%	3.30%	9.1	24.5	+19.6%	+18.3%
AMZN	Amazon.com	4.23%	2.36%	3.14%	3.1	24.2	+14.0%	-10.7%
GOOGL	Alphabet	3.26%	0.70%	2.94%	7.4	20.3	+22.5%	-27.6%
AVGO	Broadcom	3.11%	0.26%	0.76%	11.8	21.6	+65.5%	+67.0%
GOOG	Alphabet	2.62%	0.56%	2.36%	7.4	20.3	+22.5%	-27.6%
META	Meta Platforms	2.03%	0.63%	1.43%	5.2	17.0	+19.9%	+15.2%
LLY	Eli Lilly	1.52%	0.23%	0.60%	11.0	27.9	+15.8%	+24.8%
MU	Micron Technology	1.51%	0.25%	1.08%	4.4	6.3	+92.8%	+105.7%
BRK-B	Berkshire Hathaway	1.51%	1.24%	1.85%	2.7	23.6	+3.7%	+3.2%
JPM	JPMorgan Chase	1.50%	0.61%	1.55%	4.6	14.1	+2.5%	-0.5%
TSLA	Tesla	1.45%	0.27%	0.08%	9.6	149.1	+13.1%	+29.8%
AMD	Advanced Micro Devices	1.19%	0.12%	0.14%	11.3	38.9	+68.8%	+108.8%
XOM	ExxonMobil	1.03%	1.13%	0.78%	1.8	14.2	-4.3%	-6.9%
JNJ	Johnson & Johnson	0.98%	0.31%	0.51%	5.9	20.8	+7.3%	+9.6%
V	Visa	0.93%	0.12%	0.48%	13.6	23.6	+10.8%	+16.4%
WMT	Walmart	0.77%	1.23%	0.29%	1.2	37.1	+4.6%	+11.7%
CSCO	Cisco Systems	0.75%	0.21%	0.32%	6.4	23.1	+6.8%	+9.5%
INTC	Intel	0.72%	0.16%	—	7.6	56.0	+14.8%	+71.3%

[1] Total and Top 20 rows are weighted aggregates across constituents.
[2] Forward P/S and P/E ratios use consensus sales and earnings for the 12 months ending 8/31/27. Individual constituent FY1 and FY2 consensus figures adjusted to align with 8/31/27.
[3] Forward Sales and Non-GAAP Earnings Growth are calculated as next fiscal year (FY2) consensus growth over current fiscal year (FY1) consensus. They are not derived from the forward P/S and P/E multiples shown.

Performance for SPY Top Holdings

Ticker	Holding	Weight	Mkt Price 8/14	1D Rtn	1M Rtn	YTD Rtn	1Y Rtn	3Y Rtn	5Y Rtn	10Y Rtn
SPY	State Street SPDR S&P 500 ETF Trust	100.00%	776.34	-0.2%	2.9%	14.2%	21.4%	81.5%	85.8%	317.1%
NVDA	NVIDIA	8.19%	225.16	-0.1%	6.0%	20.9%	23.9%	413.4%	1,019.2%	14,572.2%
AAPL	Apple	7.04%	305.93	0.2%	-6.5%	12.8%	31.9%	74.7%	110.4%	1,123.1%
MSFT	Microsoft	5.85%	495.40	-0.3%	25.2%	2.9%	-4.4%	57.6%	76.3%	869.5%
AMZN	Amazon.com	4.23%	262.65	-0.9%	3.0%	13.8%	13.7%	90.8%	59.5%	587.5%
GOOGL	Alphabet	3.26%	345.90	-0.1%	-6.7%	10.7%	70.9%	168.9%	153.4%	771.1%
AVGO	Broadcom	3.11%	392.99	-5.9%	-0.3%	14.0%	27.2%	383.6%	787.9%	2,832.3%
GOOG	Alphabet	2.62%	343.54	-0.1%	-7.2%	9.6%	69.0%	166.0%	150.4%	791.9%
META	Meta Platforms	2.03%	589.85	-0.9%	-13.4%	-10.5%	-24.3%	97.1%	63.8%	382.6%
LLY	Eli Lilly	1.52%	1,180.16	-2.2%	2.2%	10.3%	73.9%	120.4%	367.4%	1,628.6%
MU	Micron Technology	1.51%	971.66	2.3%	7.5%	240.6%	676.8%	1,403.9%	1,305.0%	6,332.7%
BRK-B	Berkshire Hathaway	1.51%	504.03	-0.6%	3.2%	0.3%	5.2%	42.2%	75.1%	242.3%
JPM	JPMorgan Chase	1.50%	362.84	-0.1%	4.6%	14.2%	25.7%	157.0%	157.0%	618.1%
TSLA	Tesla	1.45%	342.27	0.7%	-13.2%	-23.9%	2.0%	46.9%	43.2%	2,196.0%
AMD	Advanced Micro Devices	1.19%	514.39	6.5%	-2.8%	140.2%	184.3%	362.0%	365.3%	7,486.9%
XOM	ExxonMobil	1.03%	160.10	0.9%	10.8%	34.8%	53.8%	62.3%	233.9%	178.7%
JNJ	Johnson & Johnson	0.98%	260.35	-0.7%	5.4%	27.2%	52.7%	64.3%	70.0%	184.5%
V	Visa	0.93%	364.15	-0.4%	2.7%	4.5%	6.2%	55.3%	62.6%	384.4%
WMT	Walmart	0.77%	115.27	-0.4%	2.4%	3.9%	15.3%	123.7%	145.6%	459.3%
CSCO	Cisco Systems	0.75%	111.68	-1.6%	-0.1%	47.1%	64.5%	126.6%	127.4%	382.9%
INTC	Intel	0.72%	102.50	-2.0%	-0.5%	177.8%	329.6%	199.7%	108.0%	259.3%

Guidance Updates for SPY Top Holdings

	Ticker	Company	Earnings Date	Guidance Metric	Midpoint Value	% Change	Guidance Change
AMD_8042026	AMD	Advanced Micro Devices	8/4/2026	Q3 2026 Revenue	13.00 Bil	16.1%	Higher NewNew Guidance Higher than Prior Actual of 11.20 Bil for Q2 2026
AVGO_6032026	AVGO	Broadcom	6/3/2026	Q3 2026 Revenue	29.40 Bil	33.6%	Higher NewNew Guidance Higher than Prior Actual of 22.00 Bil for Q2 2026
INTC_7232026	INTC	Intel	7/23/2026	Q3 2026 Revenue	16.30 Bil	14.0%	Higher NewNew Guidance Higher than Prior Actual of 14.30 Bil for Q2 2026
MU_6242026	MU	Micron Technology	6/24/2026	Q4 2026 Revenue	50.00 Bil	49.3%	Higher NewNew Guidance Higher than Prior Actual of 33.50 Bil for Q3 2026
NVDA_5202026	NVDA	NVIDIA	5/20/2026	Q2 2027 Revenue	91.00 Bil	16.7%	Higher NewNew Guidance Higher than Prior Actual of 78.00 Bil for Q1 2027

Return vs. Risk

Price Returns Compared

	2021	2022	2023	2024	2025	2026	Total [1]
Returns
SPY Return	29%	-18%	26%	25%	18%	14%	123%
Peers Return	28%	-19%	27%	25%	14%	14%	115%
S&P 500 Return	27%	-19%	24%	23%	16%	14%	108%
Monthly Win Rates [3]
SPY Win Rate	75%	42%	67%	75%	75%	62%
Peers Win Rate	75%	38%	67%	75%	77%	57%
S&P 500 Win Rate	75%	42%	67%	75%	67%	50%
Max Drawdowns [4]
SPY Max Drawdown	-5%	-24%	-10%	-8%	-19%	-9%
Peers Max Drawdown	-5%	-25%	-10%	-9%	-19%	-9%
S&P 500 Max Drawdown	-5%	-25%	-10%	-8%	-19%	-9%

[1] Cumulative total returns since the beginning of 2021
[2] Peers: VOO, IVV, SPYM, SCHX, VV.
[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 8/14/2026 (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.

Ticker	1Y	3Y	5Y
SPY	1.07	0.94	0.57
Equity Top Results (3Y)
IALT	2.11	2.11	2.11
SPMO	0.89	1.38	0.82
VLUE	2.49	1.26	0.69
CORO	1.33	1.25	1.25
CGDV	1.35	1.23	0.94

Results as of 7312026.

Event	SPY	S&P 500
2025 US Tariff Shock
% Loss	-18.8%	-18.8%
% Gain to Breakeven	23.1%	23.1%
Time to Breakeven	79 days	79 days
2022 Inflation Shock & Fed Tightening
% Loss	-24.5%	-24.5%
% Gain to Breakeven	32.4%	32.4%
Time to Breakeven	427 days	427 days
2020 COVID-19 Crash
% Loss	-33.7%	-33.7%
% Gain to Breakeven	50.9%	50.9%
Time to Breakeven	140 days	140 days
Q4 2018 Fed Policy Error / Growth Scare
% Loss	-19.2%	-19.2%
% Gain to Breakeven	23.8%	23.8%
Time to Breakeven	105 days	105 days
2015-2016 China Devaluation / Global Growth Scare
% Loss	-12.2%	-12.2%
% Gain to Breakeven	13.9%	13.9%
Time to Breakeven	62 days	62 days
2011 US Debt Ceiling Crisis & European Contagion
% Loss	-17.9%	-17.9%
% Gain to Breakeven	21.8%	21.8%
Time to Breakeven	123 days	123 days

Compare to VOO, IVV, SPYM, SCHX, VV

In The Past

State Street SPDR S&P 500 ETF Trust's stock fell -18.8% during the 2025 US Tariff Shock. Such a loss loss requires a 23.1% 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	SPY	S&P 500
2022 Inflation Shock & Fed Tightening
% Loss	-24.5%	-24.5%
% Gain to Breakeven	32.4%	32.4%
Time to Breakeven	427 days	427 days
2020 COVID-19 Crash
% Loss	-33.7%	-33.7%
% Gain to Breakeven	50.9%	50.9%
Time to Breakeven	140 days	140 days
2008-2009 Global Financial Crisis
% Loss	-53.4%	-53.4%
% Gain to Breakeven	114.4%	114.4%
Time to Breakeven	1085 days	1085 days

Compare to VOO, IVV, SPYM, SCHX, VV

In The Past

State Street SPDR S&P 500 ETF Trust's stock fell -18.8% during the 2025 US Tariff Shock. Such a loss loss requires a 23.1% 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.

SPY Dip Buy History

SPY had 18 events since 1/1/2005 where the dip threshold of -5.0% within 60 days was triggered

16% median peak return within 1 year of dip event
316 days is the median time to peak return after a dip event
-7.4% median max drawdown within 1 year of dip event

60 Day Dip			SPY Subsequent Performance
Date	SPY	SPY	1Y	Peak Return	Max Drop	# Days to Peak
Median			16%	16%	-7%	316
3202026	-5%	-5%			-3%	146
3062025	-5%	-5%	18%	23%	-13%	327
10182023	-5%	-5%	38%	38%	-5%	366
9302022	-8%	-8%	20%	29%	-0%	304
1262022	-5%	-5%	-5%	7%	-17%	62
3092020	-12%	-12%	44%	46%	-18%	340
10242018	-5%	-5%	16%	16%	-11%	366
4062018	-5%	-5%	13%	14%	-8%	167
1132016	-7%	-7%	23%	23%	-3%	359
8212015	-7%	-7%	13%	13%	-6%	360
10152014	-5%	-5%	11%	16%	-0%	278
6012012	-5%	-5%	29%	33%	-0%	354
8022011	-6%	-6%	12%	15%	-12%	244
6012010	-5%	-5%	28%	29%	-5%	332
6262008	-6%	-6%	-26%	2%	-46%	46
1022008	-7%	-7%	-36%	0%	-47%	0
8142007	-6%	-6%	-8%	10%	-14%	56
6132006	-6%	-6%	27%	28%	0%	356

[1] Dip event defined as first instance dip threshold is triggered within a 60-day time period.
[2] Analysis for period from 1/1/2005 to 8/14/2026

SPY had 13 events since 1/1/2005 where the dip threshold of -10% within 90 days was triggered

28% median peak return within 1 year of dip event
298 days is the median time to peak return after a dip event
-2.1% median max drawdown within 1 year of dip event

90 Day Dip			SPY Subsequent Performance
Date	SPY	SPY	1Y	Peak Return	Max Drop	# Days to Peak
Median			23%	28%	-2%	298
4042025	-14%	-14%	36%	39%	-2%	298
12202022	-10%	-10%	26%	27%	-1%	364
9262022	-10%	-10%	19%	27%	-2%	308
4262022	-11%	-11%	1%	4%	-14%	112
6262020	-10%	-10%	45%	45%	0%	367
3122020	-18%	-18%	62%	62%	-10%	365
12172018	-10%	-10%	28%	28%	-8%	365
9282015	-11%	-11%	17%	18%	-2%	322
11232011	-12%	-12%	23%	28%	-0%	296
8082011	-15%	-15%	28%	28%	-2%	238
8202010	-11%	-11%	7%	29%	-2%	252
9042008	-11%	-11%	-17%	2%	-44%	4
1222008	-11%	-11%	-34%	10%	-41%	118

[1] Dip event defined as first instance dip threshold is triggered within a 90-day time period.
[2] Analysis for period from 1/1/2005 to 8/14/2026

SPY had 3 events since 1/1/2005 where the dip threshold of -20% within 180 days was triggered

23% median peak return within 1 year of dip event
350 days is the median time to peak return after a dip event
-5.5% median max drawdown within 1 year of dip event

180 Day Dip			SPY Subsequent Performance
Date	SPY	SPY	1Y	Peak Return	Max Drop	# Days to Peak
Median			16%	23%	-6%	350
9212022	-20%	-20%	16%	23%	-6%	313
3202020	-22%	-22%	74%	76%	-3%	362
10072008	-22%	-22%	9%	10%	-31%	350

[1] Dip event defined as first instance dip threshold is triggered within a 180-day time period.
[2] Analysis for period from 1/1/2005 to 8/14/2026

Get Notified
Alerts when dip buy opportunities arise.

Notify Me →

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
IEMG	iShares Core MSCI Emerging Markets ETF	-5.6%	81.19	8142026	86.00	6222026	53
EEM	iShares MSCI Emerging Markets ETF	-6.5%	66.61	8142026	71.21	6222026	53
ASHR	Xtrackers Harvest CSI 300 China A-Shares ETF	-6.9%	34.73	8142026	37.30	6222026	53
EWY	iShares MSCI South Korea ETF	-18.0%	179.74	8142026	219.20	6212026	54
EWZ	iShares MSCI Brazil ETF	-18.7%	33.93	8142026	41.73	4142026	122
FXI	iShares China Large-Cap ETF	-10.1%	34.89	8142026	38.81	2222026	173
ILF	iShares Latin America 40 ETF	-11.8%	33.60	8142026	38.10	4142026	122
KWEB	KraneShares CSI China Internet ETF	-17.9%	27.01	8142026	32.89	2182026	177
MTUM	iShares MSCI USA Momentum Factor ETF	-8.1%	317.21	8142026	345.22	6222026	53
SPMO	Invesco S&P 500 Momentum ETF	-5.2%	153.31	8142026	161.66	6222026	53
URA	Global X Uranium ETF	-22.9%	44.93	8142026	58.26	5062026	100
BOTZ	Global X Funds Global X Robotics & Artificial Intelligence ETF	-9.3%	37.74	8142026	41.63	5132026	93
ROBO	ROBO Global Robotics & Automation Index ETF	-6.1%	84.83	8142026	90.34	6022026	73
LIT	Global X Lithium & Battery Tech ETF	-17.9%	75.23	8142026	91.62	5112026	95
ICLN	iShares Global Clean Energy ETF	-23.3%	18.21	8142026	23.75	6022026	73
ARKQ	ARK Autonomous Technology & Robotics ETF	-9.3%	130.39	8142026	143.82	5282026	78
ARKX	ARK Space & Defense Innovation ETF	-7.6%	34.86	8142026	37.74	5282026	78
NASA	Tema Space Innovators ETF	-37.0%	26.38	8142026	41.89	5272026	79
AGIX	KraneShares Artificial Intelligence ETF	-5.5%	46.68	8142026	49.40	6012026	74
XLC	State Street Communication Services Select Sector SPDR ETF	-5.2%	112.95	8142026	119.10	4192026	117
XLU	State Street Utilities Select Sector SPDR ETF	-6.5%	44.31	8142026	47.40	3012026	166
SMH	VanEck Semiconductor ETF	-12.1%	587.82	8142026	668.91	6222026	53
SOXX	iShares Semiconductor ETF	-16.0%	550.42	8142026	655.01	6222026	53
MISL	First Trust Indxx Aerospace & Defense ETF	-5.2%	48.03	8142026	50.66	3022026	165
RING	iShares MSCI Global Gold Miners ETF	-21.1%	78.46	8142026	99.42	3012026	166
SOXQ	Invesco PHLX Semiconductor ETF	-15.1%	97.74	8142026	115.11	6222026	53
TLT	iShares 20+ Year Treasury Bond ETF	-8.0%	82.04	8142026	89.15	3012026	166
VGLT	Vanguard Long-Term Treasury ETF	-6.7%	52.72	8142026	56.53	3012026	166
SPTL	State Street SPDR Portfolio Long Term Treasury ETF	-7.1%	25.07	8142026	26.99	3012026	166
TLH	iShares 10-20 Year Treasury Bond ETF	-6.3%	96.60	8142026	103.08	3012026	166
EDV	Vanguard World Funds Extended Duration ETF	-11.8%	59.43	8142026	67.42	3012026	166
SPLB	State Street SPDR Portfolio Long Term Corporate Bond ETF	-5.3%	21.36	8142026	22.55	2192026	176
PDBC	Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF	-5.3%	17.91	8142026	18.91	5122026	94
DBC	Invesco DB Commodity Index Tracking Fund	-5.3%	30.00	8142026	31.69	5122026	94
COMT	iShares GSCI Commodity Dynamic Roll Strategy ETF	-8.1%	33.59	8142026	36.53	5192026	87
GSG	iShares GSCI Commodity	-5.8%	30.01	8142026	31.85	3182026	149
BCI	abrdn Bloomberg All Commodity Strategy K-1 Free ETF	-5.2%	24.55	8142026	25.91	5122026	94
GLD	SPDR Gold Trust	-18.1%	401.48	8142026	490.00	3022026	165
IAU	iShares Gold Trust	-18.0%	82.28	8142026	100.38	3022026	165
GLDM	SPDR Gold MiniShares Trust	-18.0%	86.58	8142026	105.54	3022026	165
SGOL	ETFS Physical Swiss Gold Shares	-12.1%	44.66	8142026	50.81	3022026	165
BAR	Direxion Daily Gold Bull 3X Shares	-15.6%	44.34	8142026	52.53	3022026	165
SLV	iShares Silver Trust	-31.2%	58.48	8142026	84.99	3012026	166
SIVR	ETFS Physical Silver Shares Trust ETF	-6.6%	83.39	8142026	89.26	3012026	166
PPLT	ETFS Physical Platinum Shares	-26.1%	15.87	8142026	21.47	3012026	166
CPER	United States Copper Index Fund ETV	-9.6%	33.33	8142026	36.88	3012026	166
PALL	ETFS Physical Palladium Shares	-26.5%	23.93	8142026	32.54	2242026	171
USO	United States Oil Fund LP	-17.2%	126.60	8142026	152.96	5192026	87
UNG	United States Natural Gas Fund LP	-23.9%	9.92	8142026	13.04	3122026	155
BNO	United States Brent Oil Fund LP ETV	-7.1%	55.85	8142026	60.13	5042026	102
IBIT	iShares Bitcoin Trust ETF	-23.3%	35.63	8142026	46.47	5112026	95
FBTC	Fidelity Wise Origin Bitcoin Fund	-23.3%	54.74	8142026	71.35	5112026	95
ETHA	iShares Ethereum Trust ETF	-22.9%	14.18	8142026	18.38	4192026	117

ETF Fund Flows

Largest fund inflows and outflows across ETFs, with the asset-allocation rotation they imply.

Net fund flows · as of 2026-08-14

Asset allocation rotation · Past week

Equity ETFs drew the largest net inflows (+$11.3B), followed by Bond (+$5.4B), while Crypto (−$340M) and Real Estate (−$6M) saw the largest outflows.
Within the mix, money rotated into US Large Cap Core (+$7.9B) and out of Industry Subsector (−$3.1B).
Relative to fund size, USMC drew the largest inflow (+16.0% of AUM) and XHB the largest outflow (−8.9%).

Largest inflows

#	Ticker	Name	Type	Net flow	% of AUM
1	SPY this	State Street SPDR S&P 500 ETF	Equity US Large Cap Core	+$4.97B	+0.6%
2	VOO	Vanguard S&P 500 ETF	Equity US Large Cap Core	+$2.44B	+0.2%
3	SPYM	State Street SPDR Portfolio S&P 500 ETF	Equity US Large Cap Core	+$1.88B	+1.1%
4	TLT	iShares 20+ Year Treasury Bond ETF	Bond Long Treasury	+$1.41B	+3.1%
5	SGOV	iShares 0-3 Month Treasury Bond ETF	Cash	+$1.4B	+1.4%
6	VTI	Vanguard Morningstar Total Stock Market ETF	Equity US Total Market	+$1.3B	+0.2%
7	EFV	iShares MSCI EAFE Value ETF	Equity International Developed Broad	+$1.21B	+3.9%
8	LQD	iShares iBoxx $ Investment Grade Corporate Bond ETF	Bond Intermediate Corporate	+$1.04B	+3.1%
9	SCHD	Schwab U.S. Dividend Equity ETF	Equity Dividend Income	+$928M	+0.9%
10	QQQM	Invesco NASDAQ 100 ETF	Equity US Nasdaq Growth	+$877M	+0.8%

#	Ticker	Name	Type	Net flow	% of AUM
1	USMC	Principal U.S. Mega-Cap ETF	Other	+$703M	+16.0%
2	SCCR	Schwab Core Bond ETF	Other	+$203M	+11.7%
3	CGCB	Capital Group Core Bond ETF	Other	+$666M	+10.4%
4	DFAL		Other	+$143M	+8.5%
5	EWL	iShares MSCI Switzerland ETF	Other	+$201M	+8.4%
6	FLTW	Franklin FTSE Taiwan ETF	Other	+$261M	+7.6%
7	CNEQ	Alger Concentrated Equity ETF	Other	+$75M	+7.3%
8	SOXQ	Invesco PHLX Semiconductor ETF	Equity Industry Subsector	+$189M	+6.4%
9	ICLN	iShares Global Clean Energy ETF	Equity Thematic	+$136M	+6.2%
10	GFLW		Other	+$61M	+6.0%

Largest outflows

#	Ticker	Name	Type	Net flow	% of AUM
1	SOXX	iShares Semiconductor ETF	Equity Industry Subsector	-$2.14B	-4.9%
2	IVV	iShares Core S&P 500 ETF	Equity US Large Cap Core	-$1.55B	-0.2%
3	SMH	VanEck Semiconductor ETF	Equity Industry Subsector	-$1.26B	-1.8%
4	DIA	State Street SPDR Dow Jones Industrial Average ETF Trust	Equity US Large Concentrated	-$998M	-2.1%
5	XLF	State Street Financial Select Sector SPDR ETF	Equity Broad Sector	-$968M	-1.7%
6	EWZ	iShares MSCI Brazil ETF	Equity Emerging Markets	-$601M	-7.3%
7	VUG	Vanguard Morningstar Growth ETF	Equity US Large Growth	-$442M	-0.2%
8	EWU	iShares MSCI United Kingdom ETF	Other	-$344M	-8.8%
9	USHY	iShares Broad USD High Yield Corporate Bond ETF	Bond High Yield Corporate	-$337M	-1.2%
10	MTUM	iShares MSCI USA Momentum Factor ETF	Equity Factor Smart Beta	-$327M	-1.3%

#	Ticker	Name	Type	Net flow	% of AUM
1	XHB	State Street SPDR S&P Homebuilders ETF	Other	-$132M	-8.9%
2	EWA	iShares MSCI Australia ETF	Other	-$126M	-8.8%
3	TBLL	Invesco Short Term Treasury ETF	Other	-$248M	-8.8%
4	EWU	iShares MSCI United Kingdom ETF	Other	-$344M	-8.8%
5	EWZ	iShares MSCI Brazil ETF	Equity Emerging Markets	-$601M	-7.3%
6	SNXX	Tradr 2X Long SNDK Daily ETF	Other	-$118M	-6.7%
7	RING	iShares MSCI Global Gold Miners ETF	Equity Industry Subsector	-$142M	-6.0%
8	DBMF	iMGP DBi Managed Futures Strategy ETF	Other	-$214M	-5.4%
9	EWW	iShares MSCI Mexico ETF	Other	-$99M	-5.4%
10	SOXX	iShares Semiconductor ETF	Equity Industry Subsector	-$2.14B	-4.9%

Asset allocation rotation · Past month

Equity ETFs drew the largest net inflows (+$59.7B), followed by Bond (+$18.0B), with every major asset class in net inflows.
Within the mix, money rotated into US Large Cap Core (+$15.7B) and out of Intermediate Treasury (−$2.6B).
Relative to fund size, BFLX drew the largest inflow (+55.7% of AUM) and FTXL the largest outflow (−64.8%).

Largest inflows

#	Ticker	Name	Type	Net flow	% of AUM
1	VOO	Vanguard S&P 500 ETF	Equity US Large Cap Core	+$13.35B	+1.3%
2	QQQ	Invesco QQQ Trust, Series 1	Equity US Nasdaq Growth	+$10.35B	+2.2%
3	SPY this	State Street SPDR S&P 500 ETF	Equity US Large Cap Core	+$8.01B	+1.0%
4	SPYM	State Street SPDR Portfolio S&P 500 ETF	Equity US Large Cap Core	+$7.0B	+4.3%
5	EWY	iShares MSCI South Korea ETF	Equity Emerging Markets	+$4.8B	+19.5%
6	SGOV	iShares 0-3 Month Treasury Bond ETF	Cash	+$4.73B	+4.7%
7	TLT	iShares 20+ Year Treasury Bond ETF	Bond Long Treasury	+$4.08B	+9.6%
8	QQQM	Invesco NASDAQ 100 ETF	Equity US Nasdaq Growth	+$4.01B	+4.0%
9	SCHD	Schwab U.S. Dividend Equity ETF	Equity Dividend Income	+$3.94B	+3.8%
10	DRAM	Roundhill Memory ETF	Other	+$3.84B	+15.8%

#	Ticker	Name	Type	Net flow	% of AUM
1	BFLX	iShares Flexible Equity Active ETF	Other	+$890M	+55.7%
2	FINA	Fidelity MSCI North American Subset Index ETF	Other	+$560M	+47.1%
3	DFAL		Other	+$537M	+33.9%
4	ACYN	FT Vest Laddered Autocallable Barrier & Income ETF	Other	+$421M	+31.5%
5	SOXQ	Invesco PHLX Semiconductor ETF	Equity Industry Subsector	+$566M	+22.0%
6	USMC	Principal U.S. Mega-Cap ETF	Other	+$734M	+20.5%
7	EWY	iShares MSCI South Korea ETF	Equity Emerging Markets	+$4.8B	+19.5%
8	FLKR	Franklin FTSE South Korea ETF	Other	+$265M	+19.4%
9	FLTW	Franklin FTSE Taiwan ETF	Other	+$514M	+18.0%
10	EWI	iShares MSCI Italy ETF	Other	+$175M	+16.9%

Largest outflows

#	Ticker	Name	Type	Net flow	% of AUM
1	IVV	iShares Core S&P 500 ETF	Equity US Large Cap Core	-$12.96B	-1.5%
2	IEF	iShares 7-10 Year Treasury Bond ETF	Bond Intermediate Treasury	-$3.94B	-8.4%
3	IQMM	ProShares - GENIUS Money Market ETF	Other	-$1.29B	-7.2%
4	IWR	iShares Russell Mid-Cap ETF	Equity US Mid Cap Core	-$1.16B	-2.1%
5	LQD	iShares iBoxx $ Investment Grade Corporate Bond ETF	Bond Intermediate Corporate	-$1.14B	-3.4%
6	MTUM	iShares MSCI USA Momentum Factor ETF	Equity Factor Smart Beta	-$1.1B	-4.3%
7	IWM	iShares Russell 2000 ETF	Equity US Small Cap Core	-$1.05B	-1.3%
8	VO	Vanguard Morningstar Mid-Cap ETF	Equity US Mid Cap Core	-$1.03B	-1.0%
9	SOXX	iShares Semiconductor ETF	Equity Industry Subsector	-$1.01B	-2.3%
10	FTXL	First Trust Nasdaq Semiconductor ETF	Other	-$884M	-64.8%

#	Ticker	Name	Type	Net flow	% of AUM
1	FTXL	First Trust Nasdaq Semiconductor ETF	Other	-$884M	-64.8%
2	USO	United States Oil Fund, LP	Commodity Energy	-$500M	-24.0%
3	XHB	State Street SPDR S&P Homebuilders ETF	Other	-$350M	-22.0%
4	RING	iShares MSCI Global Gold Miners ETF	Equity Industry Subsector	-$470M	-21.3%
5	IYM	iShares U.S. Basic Materials ETF	Equity Broad Sector	-$203M	-18.1%
6	LGDS	JPMorgan Fundamental Data Science Large Growth ETF	Other	-$199M	-17.3%
7	OIH	VanEck Oil Services ETF	Other	-$214M	-11.0%
8	CLIP	Global X - 1-3 Month T-Bill ETF	Cash	-$259M	-10.0%
9	ICLN	iShares Global Clean Energy ETF	Equity Thematic	-$222M	-10.0%
10	TAN	Invesco Solar ETF	Other	-$132M	-9.6%

Asset allocation rotation · Past 3 months

Equity ETFs drew the largest net inflows (+$180.9B), followed by Bond (+$71.4B), while Crypto (−$7.3B) and Commodity (−$3.4B) saw the largest outflows.
Within the mix, money rotated into US Large Cap Core (+$60.8B) and out of Gold (−$5.3B).
Relative to fund size, NASA drew the largest inflow (+111.0% of AUM) and IYM the largest outflow (−60.2%).

Largest inflows

#	Ticker	Name	Type	Net flow	% of AUM
1	IVV	iShares Core S&P 500 ETF	Equity US Large Cap Core	+$36.91B	+4.3%
2	SPYM	State Street SPDR Portfolio S&P 500 ETF	Equity US Large Cap Core	+$21.3B	+13.7%
3	DRAM	Roundhill Memory ETF	Other	+$19.28B	+84.0%
4	SPY this	State Street SPDR S&P 500 ETF	Equity US Large Cap Core	+$18.17B	+2.3%
5	SGOV	iShares 0-3 Month Treasury Bond ETF	Cash	+$14.72B	+15.3%
6	QQQ	Invesco QQQ Trust, Series 1	Equity US Nasdaq Growth	+$13.21B	+2.8%
7	VTI	Vanguard Morningstar Total Stock Market ETF	Equity US Total Market	+$12.86B	+1.9%
8	QQQM	Invesco NASDAQ 100 ETF	Equity US Nasdaq Growth	+$11.9B	+12.1%
9	SCHD	Schwab U.S. Dividend Equity ETF	Equity Dividend Income	+$9.75B	+10.0%
10	BND	Vanguard Total Bond Market ETF	Bond US Aggregate Core	+$9.47B	+5.9%

#	Ticker	Name	Type	Net flow	% of AUM
1	NASA	Tema Space Innovators ETF	Equity Thematic	+$1.48B	+111.0%
2	DRAM	Roundhill Memory ETF	Other	+$19.28B	+84.0%
3	ARKQ	ARK Autonomous Technology & Robotics ETF	Equity Thematic	+$1.62B	+76.5% ⚠
4	CORO	iShares International Country Rotation Active ETF	Equity International Broad	+$4.24B	+55.4%
5	FLKR	Franklin FTSE South Korea ETF	Other	+$673M	+54.6%
6	IHE	iShares U.S. Pharmaceuticals ETF	Other	+$602M	+52.5%
7	IALT	iShares Systematic Alternatives Active ETF	Equity Asset Allocation	+$2.53B	+52.0% ⚠
8	SNXX	Tradr 2X Long SNDK Daily ETF	Other	+$1.37B	+51.8% ⚠
9	DFAL		Other	+$626M	+45.0%
10	CBOX		Other	+$481M	+44.1%

Largest outflows

#	Ticker	Name	Type	Net flow	% of AUM
1	VOO	Vanguard S&P 500 ETF	Equity US Large Cap Core	-$16.13B	-1.6%
2	QUAL	iShares MSCI USA Quality Factor ETF	Equity Factor Smart Beta	-$6.11B	-13.2%
3	IBIT	iShares Bitcoin Trust ETF	Crypto	-$4.81B	-10.1%
4	VLUE	iShares MSCI USA Value Factor ETF	Equity Factor Smart Beta	-$4.29B	-41.4%
5	IEF	iShares 7-10 Year Treasury Bond ETF	Bond Intermediate Treasury	-$4.09B	-8.7%
6	IQMM	ProShares - GENIUS Money Market ETF	Other	-$3.77B	-18.4%
7	IAU	iShares Gold Trust	Commodity Gold	-$3.34B	-5.3%
8	XLE	State Street Energy Select Sector SPDR ETF	Equity Broad Sector	-$2.73B	-7.1%
9	THRO	iShares U.S. Thematic Rotation Active ETF	Equity Thematic	-$2.23B	-34.4%
10	GLD	SPDR Gold Shares	Commodity Gold	-$2.23B	-1.6%

#	Ticker	Name	Type	Net flow	% of AUM
1	IYM	iShares U.S. Basic Materials ETF	Equity Broad Sector	-$752M	-60.2%
2	VLUE	iShares MSCI USA Value Factor ETF	Equity Factor Smart Beta	-$4.29B	-41.4%
3	FTXL	First Trust Nasdaq Semiconductor ETF	Other	-$906M	-38.1%
4	THRO	iShares U.S. Thematic Rotation Active ETF	Equity Thematic	-$2.23B	-34.4%
5	FXI	iShares China Large-Cap ETF	Equity Emerging Markets	-$1.55B	-34.1%
6	RING	iShares MSCI Global Gold Miners ETF	Equity Industry Subsector	-$628M	-27.2%
7	AKRE	Akre Focus ETF	Equity US Large Growth	-$1.26B	-23.6%
8	EWZ	iShares MSCI Brazil ETF	Equity Emerging Markets	-$1.97B	-21.6%
9	ILF	iShares Latin America 40 ETF	Equity Emerging Markets	-$794M	-20.6%
10	KWEB	KraneShares CSI China Internet ETF	Equity Emerging Markets	-$1.15B	-20.6%

Largest ETF fund flows across ~2616 funds (min AUM $100M). Net creations/redemptions; leveraged & inverse ETFs excluded. A ⚠ marks a day excluded as a suspected data error.

Set Alerts and Notifications

Stay Informed

Trade & Investment Ideas

Wealth

Alert Me Periodically

Dip buy opportunities on SPY

Dip buy opportunities across sector ETFs

Quarterly SPY valuation update

Quarterly asset allocation considerations

Inform Me Once

Trefis High Quality Strategy

Asset Allocation Audit

Asset Rotation Strategies

Tax-Efficient Strategies

About SPY

Holdings Count: 504
Expense Ratio: 0.09%
Inception Date: 1993-01-22

State Street SPDR S&P 500 ETF
SPY is the best-recognized and oldest US listed ETF and typically tops rankings for largest AUM and greatest trading volume. The fund tracks the massively popular US index, the S&P 500. Few realize that S&P's index committee chooses 500 securities to represent the US large-cap space - not necessarily the 500 largest by market cap, which can lead to some omissions of single names. Still, the index offers outstanding exposure to the US large-cap space. It's important to note, SPY is a unit investment trust, an older but entirely viable structure. As a UIT, SPY must fully replicate its index (it probably would anyway) and forgo the small risk and reward of securities lending. It also can`t reinvest portfolio dividends between distributions, the resulting cash drag will slightly hurt performance in up markets and help in downtrends. SPY is a favored vanilla trading vehicle.
Asset Class: Equity | ETF Website

Latest Trefis Analyses

	Title	Date
0	DASHBOARDS
1	The Big Tech Fund Hiding Inside SPY ETF	07/11/2026
2	Stocks, Bonds, Gold & Crypto Market Update 3/31/2026: Where Is The Capital Flowing & Why It Matters?	04/01/2026
3	How Low Can Stocks Go During A Market Crash	09/18/2024
4	High Momentum Stocks: Last Week's Market Momentum Was Concentrated In These 5 Stock Groups (11/6/2023 )	11/06/2023
5	High Momentum Stocks: Last Week's Market Momentum Was Concentrated In These 5 Stock Groups (6/12/2023 )	06/12/2023
6	High Momentum Stocks: Last Week's Market Momentum Was Concentrated In These 5 Stock Groups (2/27/2023 )	02/27/2023
7	High Momentum Stocks: Last Week's Market Momentum Was Concentrated In These 5 Stock Groups (1/16/2023 )	01/16/2023
8	SPY Actively Managed Covered Call Fact Sheet	11/23/2022
9	SPY Actively Managed Covered Call	11/20/2022
10	ARTICLES
11	What Does SPY’s Price Tag Buy You Today?	07/23/2026
12	Will The Fed Kill The S&P 500’s Relief Rally?	06/16/2026
13	Wall Street Is On Sale – Time To Buy?	04/01/2026
14	Stocks, Bonds, Gold, Crypto: Market Update 3/26/2026	03/27/2026
15	Stocks, Bonds, Gold, Crypto: Market Update 3/25/2026	03/26/2026

	Title
0	DASHBOARDS
1	The Big Tech Fund Hiding Inside SPY ETF
2	Stocks, Bonds, Gold & Crypto Market Update 3/31/2026: Where Is The Capital Flowing & Why It Matters?
3	How Low Can Stocks Go During A Market Crash
4	High Momentum Stocks: Last Week's Market Momentum Was Concentrated In These 5 Stock Groups (11/6/2023 )
5	High Momentum Stocks: Last Week's Market Momentum Was Concentrated In These 5 Stock Groups (6/12/2023 )
6	High Momentum Stocks: Last Week's Market Momentum Was Concentrated In These 5 Stock Groups (2/27/2023 )
7	High Momentum Stocks: Last Week's Market Momentum Was Concentrated In These 5 Stock Groups (1/16/2023 )
8	SPY Actively Managed Covered Call Fact Sheet
9	SPY Actively Managed Covered Call
10	ARTICLES
11	What Does SPY’s Price Tag Buy You Today?
12	Will The Fed Kill The S&P 500’s Relief Rally?
13	Wall Street Is On Sale – Time To Buy?
14	Stocks, Bonds, Gold, Crypto: Market Update 3/26/2026
15	Stocks, Bonds, Gold, Crypto: Market Update 3/25/2026

Recent Active Movers

Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
ETON	Eton Pharmaceuticals	1.6	44.3%	248.1%
HTFL	HeartFlow	3.6	35.7%	44.4%
EMAT	Evolution Metals & Technologies	1.9	34.1%	-85.8%
UMAC	Unusual Machines	1.6	25.0%	167.3%
METC	Ramaco Resources	0.7	16.3%	-31.9%
LPTH	LightPath Technologies	0.9	15.6%	40.5%
AAOI	Applied Optoelectronics	11.4	15.5%	331.1%
NMAX	Newsmax	1.4	14.5%	40.6%
KOPN	Kopin	1.0	13.9%	135.0%
INDI	Indie Semiconductor	1.0	13.8%	33.4%

Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
KLC	KinderCare Learning Companies	0.3	-46.2%	-39.8%
BLSH	Bullish	3.7	-11.2%	-35.6%
FAC	Factorial Energy	0.6	-10.3%	22.4%
TMC	TMC The Metals	1.7	-9.1%	-35.0%
INBX	Inhibrx Biosciences	1.4	-8.9%	11.9%
GLOB	Globant	1.6	-8.8%	-42.8%
DDS	Dillard's	8.8	-8.6%	-7.4%
UCTT	Ultra Clean	3.8	-8.6%	235.3%
DUOL	Duolingo	6.2	-7.8%	-24.3%
XE	X-Energy	5.7	-7.7%	115.5%

Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
ABCL	AbCellera Biologics	3.4	64.2%	232.7%
STDN	Standard Nuclear	2.2	57.7%	8.2%
ARX	Accelerant	4.3	57.1%	19.8%
SHAZ	SharonAI	1.1	53.6%	-17.3%
NIQ	NIQ Global Intelligence	5.1	49.4%	5.8%
HTFL	HeartFlow	3.6	46.0%	44.4%
HZO	MarineMax	1.1	45.8%	114.7%
SNDK	SanDisk	242.9	35.4%	591.3%
ETON	Eton Pharmaceuticals	1.6	32.0%	248.1%
P	Everpure	39.1	31.2%	76.4%

Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
SION	Sionna Therapeutics	0.3	-87.3%	-84.3%
TENX	Tenax Therapeutics	0.1	-86.6%	-85.2%
KLC	KinderCare Learning Companies	0.3	-49.7%	-39.8%
CDNL	Cardinal Infrastructure	0.6	-38.4%	63.0%
NABL	N-able	0.6	-31.1%	-54.0%
AIOT	PowerFleet	0.4	-29.5%	-41.5%
SECZ	Securitize	0.8	-27.2%	-54.4%
LINC	Lincoln Educational Services	0.9	-27.0%	24.0%
EVC	Entravision Communications	0.8	-24.7%	214.4%
IHRT	iHeartMedia	0.5	-23.6%	-29.1%

Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
UMAC	Unusual Machines	1.6	104.7%	167.3%
UTZ	Utz Brands	1.3	89.4%	38.9%
OMER	Omeros	1.2	86.4%	0.1%
ABCL	AbCellera Biologics	3.4	84.7%	232.7%
LIFE	Ethos Technologies	1.6	83.9%	4025.6%
AXTI	AXT	4.4	79.2%	399.3%
TEAM	Atlassian	42.3	75.6%	0.0%
NEWP	New Pacific Metals	1.3	73.2%	94.9%
P	Everpure	39.1	72.8%	76.4%
VOYG	Voyager Technologies	2.5	71.7%	64.4%

Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
TENX	Tenax Therapeutics	0.1	-88.1%	-85.2%
SION	Sionna Therapeutics	0.3	-85.7%	-84.3%
MPLT	MapLight Therapeutics	0.5	-68.4%	-33.1%
TDUP	ThredUp	0.4	-54.5%	-52.0%
KLC	KinderCare Learning Companies	0.3	-50.3%	-39.8%
AHCO	AdaptHealth	0.8	-46.7%	-41.7%
CDNL	Cardinal Infrastructure	0.6	-44.8%	63.0%
REZI	Resideo Technologies	3.1	-44.6%	-41.6%
LMB	Limbach	0.5	-40.8%	-41.5%
EMAT	Evolution Metals & Technologies	1.9	-40.7%	-85.8%

Peer Comparisons

Peers to compare with:

Profile

	SPY	VOO	IVV	SPYM	SCHX	VV	Median
Name	State Stre.	Vanguard S.	iShares Co.	State Stre.	Schwab U.S.	Vanguard L.
Asset Class	Equity	Equity	Equity	Equity	Equity	Equity	-
AUM ($ Bil)	813.9	1,700.0	907.0	169.3	74.6	73.8	491.6
Expense Ratio	0.09%	0.03%	0.03%	0.02%	0.03%	0.03%	0.03%
10-D Avg Volume (Mil)	54.78	7.56	7.15	12.33	13.06	0.28	9.95
Latest Day Volume (Mil)	32.77	4.61	3.48	9.99	5.58	0.21	5.10
Holdings Count	504	505	504	505	753	479	504
Inception Date	1/22/1993	9/7/2010	5/15/2000	11/8/2005	11/3/2009	1/27/2004	-

Fundamentals

	SPY	VOO	IVV	SPYM	SCHX	VV	Median
Name	State Stre.	Vanguard S.	iShares Co.	State Stre.	Schwab U.S.	Vanguard L.
Net Asset Value	772.98	713.66	781.31	90.99	30.52	356.20	-
Premium/Discount	0.4%	-0.0%	-0.2%	0.4%	0.4%	0.4%	0.4%
Distribution Yield	1.0%	1.0%	1.0%	1.0%	1.0%	1.0%	1.0%
Sales Yield	49.3%	44.8%	49.2%	47.9%	48.1%	44.0%	48.0%
Earnings Yield	6.4%	5.8%	6.4%	6.2%	6.1%	5.8%	6.1%

Valuation

	SPY	VOO	IVV	SPYM	SCHX	VV	Median
Name	State Stre.	Vanguard S.	iShares Co.	State Stre.	Schwab U.S.	Vanguard L.
P/S (TTM)	2.0x	2.2x	2.0x	2.1x	2.1x	2.3x	2.1x
P/E (TTM)	15.5x	17.2x	15.7x	16.2x	16.5x	17.2x	16.3x
P/FCF (TTM)	10.0x	11.9x	10.2x	10.8x	11.2x	11.9x	11.0x
Forward P/E	7.9x	9.0x	8.0x	8.4x	8.6x	9.0x	8.5x
Forward P/S	1.7x	1.9x	1.7x	1.8x	1.8x	1.9x	1.8x

Risk

	SPY	VOO	IVV	SPYM	SCHX	VV	Median
Name	State Stre.	Vanguard S.	iShares Co.	State Stre.	Schwab U.S.	Vanguard L.
Volatility (1Y)	12.8%	12.8%	12.8%	13.3%	12.9%	13.0%	12.8%
Volatility (3Y)	15.3%	14.9%	15.0%	13.3%	15.2%	15.3%	15.1%
Volatility (5Y)	17.2%	16.9%	17.0%	13.3%	17.2%	17.3%	17.1%
Beta (1Y)	1.00	0.99	0.99	0.99	1.00	1.01	0.99
Beta (3Y)	1.02	0.99	1.00	0.99	1.00	1.02	1.00
Beta (5Y)	1.01	0.99	1.00	0.99	1.01	1.02	1.00
Sharpe Ratio (1Y)	1.58	1.61	1.58	1.48	1.54	1.57	1.57
Sharpe Ratio (3Y)	1.35	1.40	1.38	1.48	1.37	1.38	1.38
Sharpe Ratio (5Y)	0.81	0.83	0.82	1.48	0.78	0.79	0.82
Max Drawdown (1Y)	-8.9%	-8.9%	-8.9%	-8.9%	-9.0%	-9.2%	-8.9%
Max Drawdown (3Y)	-18.8%	-18.7%	-18.8%	-8.9%	-19.0%	-19.0%	-18.8%
Max Drawdown (5Y)	-24.5%	-24.5%	-24.5%	-8.9%	-25.4%	-25.7%	-24.5%

Returns

	SPY	VOO	IVV	SPYM	SCHX	VV	Median
Name	State Stre.	Vanguard S.	iShares Co.	State Stre.	Schwab U.S.	Vanguard L.
1M Return	3.4%	3.4%	3.4%	3.4%	3.5%	3.5%	3.4%
3M Return	3.8%	4.1%	3.8%	3.8%	4.2%	4.3%	3.9%
6M Return	14.3%	14.6%	14.3%	14.3%	14.4%	15.0%	14.4%
YTD Return	14.2%	14.5%	14.2%	14.2%	14.2%	14.3%	14.2%
1Y Return	21.4%	21.8%	21.5%	-	21.0%	21.5%	21.5%
2Y Return	48.7%	49.3%	48.9%	-	49.0%	49.8%	49.0%
3Y Return	80.3%	81.2%	80.7%	-	80.7%	82.4%	80.7%

Short Interest

Short Interest: As Of Date	7312026
Short Interest: Shares Quantity	94.4 Mil
Short Interest: % Change Since 7152026	-2.5%
Average Daily Volume	51.3 Mil
Days-to-Cover Short Interest	1.8 days

Returns Analyses

	Title
0	How Low Can Stocks Go During A Market Crash
1	Compare Bear Markets
2	Near Term Risk To S&P 500 In Current Economy
3	[9/30/2021] SPDR S&P 500 (SPY) Stock Price Forecast: AI Forecasts SPY Stock Price To Be Around $443 In A Month (Up 3.3%)

External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

Prefer one of these to Trefis? Tell us why.

State Street SPDR S&P 500 ETF Trust (SPY)

Market Price (8/15/2026): $776.055

State Street SPDR S&P 500 ETF Trust (SPY)

Market Price (8/15/2026): $776.055

Key Takeaways

Price Chart

Asset Allocation with SPY

Valuation & Yield

Top 20 Holdings for SPY

Performance for SPY Top Holdings

Guidance Updates for SPY Top Holdings

Return vs. Risk

Price Returns Compared

Sharpe Ratios Compared

How Low Can It Go

In The Past

Preserve Wealth

Asset Allocation

In The Past

Preserve Wealth

Asset Allocation

SPY Dip Buy History

Current Dip Buy Opportunities Across ETFs

ETF Fund Flows

Asset allocation rotation · Past week

Asset allocation rotation · Past month

Asset allocation rotation · Past 3 months

Set Alerts and Notifications

Stay Informed

Trade & Investment Ideas

Wealth

Alert Me Periodically

Inform Me Once

About SPY

Latest Trefis Analyses

Recent Active Movers

Top Gainers

Top Losers

Top Gainers

Top Losers

Top Gainers

Top Losers

More From Trefis

Research & Analysis

Invest in Strategies

Wealth Management

Peer Comparisons

Profile

Fundamentals

Valuation

Risk

Returns

Short Interest

Returns Analyses

External Quote Links