State Street SPDR Portfolio S&P 600 Small Cap ETF
$53.80−0.48 (−0.89%)
- Expense ratio
- 0.03%
- Fund size
- $16.0B
- 1Y return
- +18.4%
- Yield · Last 12 months
- 1.51%
- Holdings
- 607
- Volume · 30D
- 1.7M sh
- NAV per share
- $54.12
- 52W range
The ETF.net SPSM Grade
Score 83 of 100 sits in the A band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.AScore 98Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 83Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.BScore 60Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.AScore 79Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.AScore 86Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 78Category rank
Our read on SPSM
AThe bargain-rack version of a small-cap classic. SPSM tracks the S&P SmallCap 600 for 0.03% a year, one of the thinnest fees in US equities, and holds roughly 600 smaller American companies.
The fund seeks to track, before fees and expenses, the total return performance of the S&P SmallCap 600 Index.
Why people hold it
- Three ETFs wrap this same index. SPSM charges 0.03%, IJR 0.06%, VIOO 0.07%. Same basket, thinner fee drag.
- Its fee sits far below the typical charge among S&P 600 wrappers, and cost is the one variable an index investor actually controls.
- Roughly 600 US small caps in a single line item, held straight to the index. No single name carries the fund.
- One of the strongest implementations in its peer group: tight index tracking, active trading, and a multi-billion-dollar asset base behind it.
Worth knowing
- Small-cap prices swing wider than large-cap ones. This fund takes the index as it comes, with no volatility cushion built in.
- All US, all stocks. Nothing here diversifies away from the domestic economy.
- Income is a byproduct, not the mission: cash goes out quarterly and varies with what the underlying companies pay.
SPSM Holdings
- Stocks
- 607
- 5%
- VSAT
Sectors
- Financials17.8%
- Industrials15.3%
- Technology14.8%
- Consumer Discr.13.3%
- Health Care11.1%
- Real Estate7.5%
- Energy6.2%
- Materials4.6%
- Cons. Staples4.4%
- Communication3.3%
- Utilities1.8%
Geography
- United States97.92%
- Ireland0.64%
- Bermuda0.55%
- Singapore0.25%
- Switzerland0.19%
- Bahamas0.13%
- Puerto Rico0.13%
- Israel0.13%
- 0.06%
SPSM Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | SPSM |
|---|---|
| Year to date | +17.2% |
| 1 month | −4.8% |
| 3 months | −2.2% |
| 1 year | +18.4% |
| 3 years | +16.0% |
| 5 years | +6.9% |
| 10 years | +10.0% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | SPSM |
|---|---|---|
| 2026 YTD | +17.2% | |
| 2025 | +6.1% | |
| 2024 | +8.5% | |
| 2023 | +16.1% | |
| 2022 | −16.1% | |
| 2021 | +26.7% | |
| 2020 | +11.5% |
SPSM in the news
ETF.net Research hasn’t filed on SPSM yet — coverage lands here as it’s written.
SPSM Dividends
- 1.51%
- $0.82
- $0.22 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 21, 2026 | Pays Sep 23, 2026 | $0.22 |
| Jun 22, 2026 | Jun 24, 2026 | $0.20 |
| Mar 23, 2026 | Mar 25, 2026 | $0.17 |
| Dec 22, 2025 | Dec 24, 2025 | $0.24 |
| Sep 22, 2025 | Sep 24, 2025 | $0.18 |
| Jun 23, 2025 | Jun 25, 2025 | $0.18 |
| Mar 24, 2025 | Mar 26, 2025 | $0.15 |
| Dec 23, 2024 | Dec 26, 2024 | $0.28 |
| Sep 23, 2024 | Sep 25, 2024 | $0.20 |
| Jun 24, 2024 | Jun 26, 2024 | $0.21 |
| Mar 18, 2024 | Mar 21, 2024 | $0.14 |
| Dec 18, 2023 | Dec 21, 2023 | $0.30 |
SPSM Risk
- 19.1%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.57
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −27.9%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 1.02
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
SPSM Cost
- The middle half of S&P SmallCap 600 funds
- Median 0.15%
No S&P SmallCap 600 fund charges less.