SLYG vs SPSM: Grades, Fees and Holdings Compared

State Street SPDR S&P 600 Small Cap Growth ETF

SLYGBNYSE Arca

State Street SPDR Portfolio S&P 600 Small Cap ETF

SPSMANYSE Arca

Overlap

62.6%by weight

Expense ratio

SPSM −0.12pt a year

SLYG0.15%SPSM0.03%

Avg volume · 30D

SPSM 11.9×the volume

SLYG144KSPSM1.72M

10Y return · a year

SLYG +0.2pt

SLYG+10.8%SPSM+10.6%

SLYG vs SPSM Performance

Oct 29, 2021 – Oct 30, 2026

+27.7%SLYG+34.7%SPSM

Expense ratio: SLYG 0.15%; SPSM 0.03%, better
Fund size: SLYG $4.77B; SPSM $16.2B
1Y total return: SLYG +18.9%; SPSM +20.7%, better
Yield (12M): SLYG 0.71%; SPSM 1.51%, better
Holdings: SLYG 350; SPSM 607
Avg volume (30D): SLYG 144K sh; SPSM 1.72M sh, better
NAV per share: SLYG $111.51; SPSM $55.20
52W range

ETF.net Grade

Pillar letters and Scores for SLYG, SPSM, with each pillar’s weight
Pillar	SLYG	SPSM
Cost30% weight	B58	A98Higher
Mission25% weight	A84	A84
Risk15% weight	C48	C50Higher
Tradability15% weight	B69	A93Higher
Holdings10% weight	C53	A86Higher
Durability5% weight	B66	A77Higher

Rank among S&P SmallCap 600 funds

How we build Categories ›

Same Category. SLYG and SPSM are both graded against the same 13 S&P SmallCap 600 funds, so their Grades compare head to head.

S&P SmallCap 600⁠

Category · 13 funds

See all 13 ›

SPSM ranks 1st and SLYG 5th of 13 funds in the S&P SmallCap 600 Category.

Rank 1ASPSMState Street SPDR Portfolio S&P 600 Small Cap ETFScore 84
Rank 2AIJRiShares Core S&P Small-Cap ETFScore 79
Rank 4BVIOGVanguard S&P Small-Cap 600 Growth ETFScore 66
Rank 5BSLYGState Street SPDR S&P 600 Small Cap Growth ETFScore 64
Rank 6BIJTiShares S&P Small-Cap 600 Growth ETFScore 63

Our read on each fund

ETF.net Research

SLYGBState Street SPDR S&P 600 Small Cap Growth ETF

SPSMAState Street SPDR Portfolio S&P 600 Small Cap ETF

In short

SLYG Live since 2000, SLYG splits the S&P SmallCap 600 in two and keeps the growth half: roughly 400 small companies screened on growth and momentum. An old, plain wrapper around a sharp style tilt.

SPSM The 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.

Stated mandate

SLYG The fund seeks to deliver, before fees and expenses, total returns that generally correspond to the S&P SmallCap 600 Growth Index.

SPSM The fund seeks to track, before fees and expenses, the total return performance of the S&P SmallCap 600 Index.

Why people hold it

SLYG Running since 2000 and now a multi-billion-dollar fund: one of the original ways to own the growth half of the S&P SmallCap 600.
Cheap for a style fund at 0.15%, under the 0.18% median of its S&P 600 peer group, and the portfolio hews closely to its index rather than drifting.
Roughly 400 stocks, cash paid quarterly, and a matching value sibling (SLYV) for the other half of the same index family.

SPSM 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

SLYG Vanguard's VIOG tracks the same declared index for 0.10%. Same shopping list, lower sticker.
Growth is half the S&P 600 by construction, so it behaves differently from full-index funds like SPSM and IJR, and sits at the jumpier end of small caps.
Moderately traded rather than a firehose. The broad S&P 600 funds see heavier volume, which can show up in spreads on big or hurried orders.

SPSM 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.

Full SLYG profile⁠

Full SPSM profile⁠

SLYG vs SPSM Holdings

How SLYG and SPSM differ

Overlap by weight

62.6%

Shared holdings make up 100% of SLYG and 63.6% of SPSM.

Level by level

Holdings348 in both62.6%
Sector11 Sectors90.8%
Asset classEquity100%
Countryby domicile99.9%

Sector

Sector weights in SLYG and SPSM, widest gap first
Sector	More in SLYGMore in SPSM	SLYG	SPSM
Health Care	SLYG +4.7 points	15.9%	11.2%
Industrials	SLYG +2.7 points	19.9%	17.2%
Financials	SPSM +2.3 points	16.2%	18.5%
Consumer Discretionary	SPSM +1.7 points	11.5%	13.2%
Technology	SLYG +1.7 points	14.7%	13.0%
Materials	SPSM +1.4 points	2.8%	4.2%
Energy	SPSM +1.5 points	5.2%	6.7%
Consumer Staples	SPSM +1.4 points	2.5%	3.9%
Communication	SPSM +0.7 points	2.8%	3.5%
Real Estate	SPSM +0.1 points	6.5%	6.6%
Utilities	SPSM +0.1 points	1.9%	2.0%

Country, concentration and asset class

Country by domicile

Country weights in SLYG and SPSM, widest gap first
Country	More in SLYGMore in SPSM	SLYG	SPSM
United States	SLYG +0.1 points	100.0%	99.9%
Singapore	SPSM +0.1 points	0.0%	0.1%
Hong Kong	Same weight	0.0%	0.0%

Concentration

Weight in the 10 largest Holdings

SLYG10.0%
SPSM5.5%

Securities held

SLYG348
SPSM605

Asset class

SLYG: Equity
SPSM: Equity

Holdings

Only in SLYG0
In both348
Only in SPSM257

Only in SLYG

0 securities, 0.0% of SLYG by weight

Only in SPSM

257 securities, 36.4% of SPSM by weight

Paycom Software Inc0.57%
Match Group Inc0.55%
Sm Energy Co0.53%
Jackson Financial Inc A0.48%
Carmax Inc0.45%
Victoria’s Secret & Co0.44%
Eastman Chemical Co0.44%
Pool Corp0.42%
Lamb Weston Holdings Inc0.41%
Lincoln National Corp0.40%
Epam Systems Inc0.39%
Builders Firstsource Inc0.38%
Matson Inc0.38%
Conagra Brands Inc0.38%
Mohawk Industries Inc0.37%
Molson Coors Beverage Co B0.35%
Magnolia Oil & Gas Corp A0.35%
Teleflex Inc0.34%
Caesars Entertainment Inc0.33%
Atlantic Union Bankshares Co0.32%
Trade Desk Inc/The Class A0.31%
Rithm Capital Corp0.30%
Insight Enterprises Inc0.29%
Celanese Corp0.28%
Patterson Uti Energy Inc0.27%
Eastern Bankshares Inc0.27%
Signet Jewelers Ltd0.26%
Lkq Corp0.26%
Rxo Inc0.26%
Crescent Energy Inc A0.25%
Fulton Financial Corp0.25%
United Community Banks/Ga0.25%
California Resources Corp0.25%
Cathay General Bancorp0.25%
Delek Us Holdings Inc0.25%
Core Natural Resources Inc0.24%
Robert Half Inc0.24%
Versant Media Group Inc0.24%
Integer Holdings Corp0.24%
Meritage Homes Corp0.24%
Kulicke & Soffa Industries0.23%
Vishay Intertechnology Inc0.23%
Mdu Resources Group Inc0.23%
Apple Hospitality Reit Inc0.23%
The Campbell’s Company0.23%
Bread Financial Holdings Inc0.23%
Diodes Inc0.23%
Rush Enterprises Inc Class A0.23%
Korn Ferry0.22%
Cvb Financial Corp0.21%

Weight gaps

The 100 widest of 348 Holdings in both funds.

Holding weights in SLYG and SPSM, widest gap first
Holding	More in SLYGMore in SPSM	SLYG	SPSM
Viasat IncVSAT	SLYG +0.67 points	1.28%	0.61%
Protagonist Therapeutics IncPTGX	SLYG +0.59 points	1.12%	0.53%
Ryman Hospitality PropertiesRHP	SLYG +0.58 points	1.10%	0.52%
Tg Therapeutics IncTGTX	SLYG +0.52 points	0.98%	0.46%
Etsy IncETSY	SLYG +0.49 points	0.93%	0.44%
Alkermes PLCALKS	SLYG +0.48 points	0.91%	0.43%
Federal Signal CorpFSS	SLYG +0.44 points	0.84%	0.40%
Armstrong World IndustriesAWI	SLYG +0.44 points	0.84%	0.40%
Zurn Elkay Water Solutions CZWS	SLYG +0.42 points	0.79%	0.37%
Esco Technologies IncESE	SLYG +0.40 points	0.76%	0.36%
Ligand PharmaceuticalsLGND	SLYG +0.40 points	0.76%	0.36%
Lyft Inc ALYFT	SLYG +0.39 points	0.74%	0.35%
Enpro IncNPO	SLYG +0.38 points	0.72%	0.34%
Frontdoor IncFTDR	SLYG +0.38 points	0.72%	0.34%
Stonex Group IncSNEX	SLYG +0.37 points	0.71%	0.34%
Glaukos CorpGKOS	SLYG +0.37 points	1.18%	0.81%
Jbt Marel CorpJBTM	SLYG +0.37 points	0.69%	0.32%
Casella Waste Systems Inc ACWST	SLYG +0.36 points	0.68%	0.32%
Archrock IncAROC	SLYG +0.35 points	0.67%	0.32%
Sensient Technologies CorpSXT	SLYG +0.35 points	0.67%	0.32%
Everus Construction GroupECG	SLYG +0.35 points	0.66%	0.31%
Ptc Therapeutics IncPTCT	SLYG +0.34 points	0.64%	0.30%
Msg Knickerbockers CorpMSGK	SLYG +0.34 points	0.64%	0.30%
Granite Construction IncGVA	SLYG +0.34 points	0.64%	0.30%
Impinj IncPI	SLYG +0.33 points	0.63%	0.30%
Urban Outfitters IncURBN	SLYG +0.33 points	0.63%	0.30%
Axos Financial IncAX	SLYG +0.33 points	0.63%	0.30%
Karman Holdings IncKRMN	SLYG +0.33 points	0.62%	0.29%
Argan IncAGX	SLYG +0.32 points	0.60%	0.28%
Kodiak Gas Services IncKGS	SLYG +0.30 points	0.58%	0.28%
Powell Industries IncPOWL	SLYG +0.31 points	0.58%	0.27%
Installed Building ProductsIBP	SLYG +0.31 points	0.58%	0.27%
International Seaways IncINSW	SLYG +0.30 points	0.57%	0.27%
Mercury Systems IncMRCY	SLYG +0.29 points	0.55%	0.26%
Laureate Education IncLAUR	SLYG +0.29 points	0.55%	0.26%
Solaris Energy InfrastructurSEI	SLYG +0.28 points	0.54%	0.26%
Virtu Financial Inc Class AVIRT	SLYG +0.28 points	0.54%	0.26%
Enova International IncENVA	SLYG +0.29 points	0.54%	0.25%
Mirion Technologies IncMIR	SLYG +0.28 points	0.54%	0.26%
Construction Partners Inc AROAD	SLYG +0.28 points	0.53%	0.25%
Clear Secure Inc Class AYOU	SLYG +0.28 points	0.53%	0.25%
Myr Group Inc/DelawareMYRG	SLYG +0.28 points	0.53%	0.25%
Covista IncCVSA	SLYG +0.27 points	0.52%	0.25%
Openlane IncOPLN	SLYG +0.28 points	0.52%	0.24%
Vse CorpVSEC	SLYG +0.28 points	0.52%	0.24%
Badger Meter IncBMI	SLYG +0.28 points	0.52%	0.24%
Pricesmart IncPSMT	SLYG +0.27 points	0.51%	0.24%
Cavco Industries IncCVCO	SLYG +0.26 points	0.50%	0.24%
Veracyte IncVCYT	SLYG +0.26 points	0.50%	0.24%
Indivior Pharmaceuticals IncINDV	SLYG +0.27 points	0.50%	0.23%
Aar CorpAIR	SLYG +0.27 points	0.50%	0.23%
Azz IncAZZ	SLYG +0.27 points	0.50%	0.23%
Primoris Services CorpPRIM	SLYG +0.26 points	0.49%	0.23%
Life Time Group Holdings IncLTH	SLYG +0.25 points	0.74%	0.49%
Clearway Energy Inc CCWEN	SLYG +0.26 points	0.48%	0.22%
Boot Barn Holdings IncBOOT	SLYG +0.25 points	0.47%	0.22%
Tidewater IncTDW	SLYG +0.25 points	0.47%	0.22%
Pjt Partners Inc APJT	SLYG +0.25 points	0.47%	0.22%
Chefs Warehouse Inc/TheCHEF	SLYG +0.24 points	0.45%	0.21%
Arcutis Biotherapeutics IncARQT	SLYG +0.23 points	0.44%	0.21%
LIFE360 IncLIF	SLYG +0.23 points	0.44%	0.21%
Dorman Products IncDORM	SLYG +0.23 points	0.44%	0.21%
Brady Corporation Class ABRC	SLYG +0.23 points	0.43%	0.20%
Stepstone Group Inc Class ASTEP	SLYG +0.22 points	0.43%	0.21%
Palomar Holdings IncPLMR	SLYG +0.23 points	0.43%	0.20%
Dave IncDAVE	SLYG +0.21 points	0.40%	0.19%
Waystar Holding CorpWAY	SLYG +0.22 points	0.41%	0.19%
Liquidia CorpLQDA	SLYG +0.21 points	0.40%	0.19%
Nmi Holdings IncNMIH	SLYG +0.21 points	0.39%	0.18%
Osi Systems IncOSIS	SLYG +0.20 points	0.38%	0.18%
Atricure IncATRC	SLYG +0.20 points	0.38%	0.18%
Terreno Realty CorpTRNO	SLYG +0.20 points	0.60%	0.40%
Sphere Entertainment CoSPHR	SLYG +0.19 points	0.36%	0.17%
Onespaworld Holdings LtdOSW	SLYG +0.19 points	0.36%	0.17%
Curbline Properties CorpCURB	SLYG +0.19 points	0.36%	0.17%
Standex International CorpSXI	SLYG +0.19 points	0.36%	0.17%
Agilysys IncAGYS	SLYG +0.18 points	0.35%	0.17%
Digi International IncDGII	SLYG +0.18 points	0.35%	0.17%
Acm Research Inc Class AACMR	SLYG +0.18 points	0.34%	0.16%
Wisdomtree IncWT	SLYG +0.18 points	0.34%	0.16%
Shake Shack Inc Class ASHAK	SLYG +0.18 points	0.34%	0.16%
Privia Health Group IncPRVA	SLYG +0.17 points	0.33%	0.16%
Vita Coco Co Inc/TheCOCO	SLYG +0.17 points	0.33%	0.16%
Cal Maine Foods IncCALM	SLYG +0.18 points	0.33%	0.15%
St Joe Co/TheJOE	SLYG +0.18 points	0.33%	0.15%
Mercury General CorpMCY	SLYG +0.17 points	0.32%	0.15%
National Healthcare CorpNHC	SLYG +0.17 points	0.32%	0.15%
Acadian Asset Management IncAAMI	SLYG +0.17 points	0.32%	0.15%
Acadia Pharmaceuticals IncACAD	SLYG +0.17 points	0.32%	0.15%
Siriuspoint LtdSPNT	SLYG +0.17 points	0.32%	0.15%
Adma Biologics IncADMA	SLYG +0.16 points	0.31%	0.15%
Workiva IncWK	SLYG +0.15 points	0.39%	0.24%
Adeia IncADEA	SLYG +0.15 points	0.29%	0.14%
Red Rock Resorts Inc Class ARRR	SLYG +0.15 points	0.28%	0.13%
Acushnet Holdings CorpGOLF	SLYG +0.15 points	0.28%	0.13%
Transmedics Group IncTMDX	SLYG +0.15 points	0.28%	0.13%
Liveramp Holdings IncRAMP	SLYG +0.15 points	0.28%	0.13%
Pediatrix Medical Group IncMD	SLYG +0.15 points	0.28%	0.13%
Sezzle IncSEZL	SLYG +0.14 points	0.27%	0.13%
Outfront Media IncOUT	SLYG +0.15 points	0.47%	0.32%

All 350 SLYG holdings⁠All 607 SPSM holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

SLYG vs SPSM Cost

Overpaying SLYG vs SPSM

$2,499

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

SLYG 0.15%
$3,137
SPSM 0.03%
$638

Amount$10,000

Years30 years

Cost over time

SLYG 0.15%
SPSM 0.03%
Overpaying

Year by year

Year	SLYG	SPSM	Overpaying
10	$274	$55	$219
20	$1,071	$216	$855
30	$3,137	$638	$2,499

Expense ratio

0.15%SLYG
0.03%SPSM, cheaper

SPSM0.03%SLYG0.15%

0.03%0.59%

Middle half of S&P SmallCap 600 funds
Median 0.15%

SPSM cheapest of 13 funds

SLYG 5th cheapest of 13 funds

SLYG vs SPSM Dividends

Last 12 months to Oct 30, 2026

Yield (12M): SLYG 0.71%; SPSM 1.51%, better
Payout (12M): SLYG $0.78; SPSM $0.82
Last payment: SLYG $0.25; SPSM $0.22
Ex-dividend: SLYG Sep 21, 2026; SPSM Sep 21, 2026
Paid on: SLYG Sep 23, 2026; SPSM Sep 23, 2026
Frequency: SLYG Quarterly; SPSM Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

SLYGQuarterly · 39 paymentsAll SLYG payments⁠

SPSMQuarterly · 40 paymentsAll SPSM payments⁠

SLYG vs SPSM Risk

Fall from peak · 5 years

SLYG
SPSM

Risk facts

VolatilityStd dev, 3 years: SLYG 19.0%SPSM 18.7%, better
Return per unit of riskSharpe ratio, 3 years: SLYG 0.71SPSM 0.76, better
Worst fallMax drawdown, 5 years: SLYG −29.2%SPSM −27.9%, better
Market sensitivityBeta, 5 years: SLYG 1.06SPSM 1.04; Market = 1

SLYG and SPSM in the news

All news⁠

Best ETFs
Best small-cap ETFs: Vanguard’s VB beats three great funds all charging just 0.03%
Updated Nov 2, 2026SPSM
Best ETFs
Schwab and Vanguard charge the same 0.03%. Their small-cap funds are 3.7 percentage points apart
Updated Oct 2, 2026SPSM

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SLYG vs SPSM

In short

Stated mandate

Why people hold it

Worth knowing

How SLYG and SPSM differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in SLYG

Only in SPSM

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

Best small-cap ETFs: Vanguard’s VB beats three great funds all charging just 0.03%

Schwab and Vanguard charge the same 0.03%. Their small-cap funds are 3.7 percentage points apart

How SLYG and SPSM differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in SLYG

Only in SPSM

Weight gaps