SLYV vs SPSM: Grades, Fees and Holdings Compared

State Street SPDR S&P 600 Small Cap Value ETF

SLYVBNYSE Arca

State Street SPDR Portfolio S&P 600 Small Cap ETF

SPSMANYSE Arca

Overlap

66.4%by weight

Expense ratio

SPSM −0.12pt a year

SLYV0.15%SPSM0.03%

Avg volume · 30D

SPSM 8.4×the volume

SLYV205KSPSM1.72M

10Y return · a year

SPSM +0.5pt

SLYV+10.1%SPSM+10.6%

SLYV vs SPSM Performance

Oct 29, 2021 – Oct 30, 2026

+39.8%SLYV+34.7%SPSM

Expense ratio: SLYV 0.15%; SPSM 0.03%, better
Fund size: SLYV $5.04B; SPSM $16.2B
1Y total return: SLYV +22.4%, better; SPSM +20.7%
Yield (12M): SLYV 1.93%, better; SPSM 1.51%
Holdings: SLYV 466; SPSM 607
Avg volume (30D): SLYV 205K sh; SPSM 1.72M sh, better
NAV per share: SLYV $106.81; SPSM $55.20
52W range

ETF.net Grade

Pillar letters and Scores for SLYV, SPSM, with each pillar’s weight
Pillar	SLYV	SPSM
Cost30% weight	B58	A98Higher
Mission25% weight	A70	A84Higher
Risk15% weight	C50	C50
Tradability15% weight	A74	A93Higher
Holdings10% weight	B67	A86Higher
Durability5% weight	B66	A77Higher

Rank among S&P SmallCap 600 funds

How we build Categories ›

Same Category. SLYV 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 SLYV 6th 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 6BIJTiShares S&P Small-Cap 600 Growth ETFScore 63
Rank 6BSLYVState Street SPDR S&P 600 Small Cap Value ETFScore 63
Rank 8BQVMSInvesco S&P SmallCap 600 QVM Multi-factor ETFScore 61

Our read on each fund

ETF.net Research

SLYVBState Street SPDR S&P 600 Small Cap Value ETF

SPSMAState Street SPDR Portfolio S&P 600 Small Cap ETF

In short

SLYV Small-cap value with a profitability gate. The S&P 600 only admits companies with positive earnings, so SLYV shops for cheap stocks inside an already-profitable pool. On the market since 2000, at 0.15% a year.

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

SLYV The fund seeks investment results corresponding generally to the total return performance of the S&P SmallCap 600 Value Index, before fees and expenses.

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

SLYV The S&P 600 admits only companies with positive as-reported earnings, most recent quarter and trailing four quarters. The value screen runs on top of that filter, not on a pile of cash-burners.spglobal.com spglobal.com 2
0.15% a year, under the 0.18% typical for funds tracking S&P 600 slices and less than half the 0.35% RZV charges against the same declared index.
Trading since 2000 and spreading across roughly 500 names, it is an old hand in small-cap value rather than a recent factor launch, and it sits in the upper half of its peer group.

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

SLYV You pay for the tilt. Plain-vanilla S&P 600 core funds are cheaper (SPSM at 0.03%, IJR at 0.06%) if the whole small-cap index is what you are after.
One country, one size band, one style. US small-cap value is a slice with real swings, not a diversified core.
Volume is moderate next to the core S&P 600 giants, which can show up in spreads on larger orders. Distributions land quarterly.

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 SLYV profile⁠

Full SPSM profile⁠

SLYV vs SPSM Holdings

How SLYV and SPSM differ

Overlap by weight

66.4%

Shared holdings make up 100% of SLYV and 72.6% of SPSM.

Level by level

Holdings463 in both66.4%
Sector11 Sectors91.5%
Asset classEquity100%
Countryby domicile99.9%

Sector

Sector weights in SLYV and SPSM, widest gap first
Sector	More in SLYVMore in SPSM	SLYV	SPSM
Health Care	SPSM +4.3 points	6.9%	11.2%
Industrials	SPSM +2.5 points	14.7%	17.2%
Financials	SLYV +2.1 points	20.6%	18.5%
Technology	SPSM +1.8 points	11.2%	13.0%
Consumer Discretionary	SLYV +1.7 points	14.9%	13.2%
Consumer Staples	SLYV +1.4 points	5.3%	3.9%
Materials	SLYV +1.3 points	5.5%	4.2%
Energy	SLYV +1.2 points	7.9%	6.7%
Communication	SLYV +0.7 points	4.2%	3.5%
Real Estate	SLYV +0.1 points	6.7%	6.6%
Utilities	SLYV +0.1 points	2.1%	2.0%

Country, concentration and asset class

Country by domicile

Country weights in SLYV and SPSM, widest gap first
Country	More in SLYVMore in SPSM	SLYV	SPSM
United States	SPSM +0.1 points	99.8%	99.9%
Singapore	SLYV +0.1 points	0.2%	0.1%
Hong Kong	SLYV +0.1 points	0.1%	0.0%

Concentration

Weight in the 10 largest Holdings

SLYV8.9%
SPSM5.5%

Securities held

SLYV464
SPSM605

Asset class

SLYV: Equity
SPSM: Equity

Holdings

Only in SLYV1
In both463
Only in SPSM142

Only in SLYV

1 security, 0.0% of SLYV by weight

Arcosa Inc<0.01%

Only in SPSM

142 securities, 27.4% of SPSM by weight

Viasat Inc0.61%
Protagonist Therapeutics Inc0.53%
Ryman Hospitality Properties0.52%
Tg Therapeutics Inc0.46%
Etsy Inc0.44%
Alkermes PLC0.43%
Federal Signal Corp0.40%
Armstrong World Industries0.40%
Zurn Elkay Water Solutions C0.37%
Esco Technologies Inc0.36%
Ligand Pharmaceuticals0.36%
Lyft Inc A0.35%
Enpro Inc0.34%
Frontdoor Inc0.34%
Stonex Group Inc0.34%
Jbt Marel Corp0.32%
Casella Waste Systems Inc A0.32%
Archrock Inc0.32%
Sensient Technologies Corp0.32%
Everus Construction Group0.31%
Ptc Therapeutics Inc0.30%
Msg Knickerbockers Corp0.30%
Granite Construction Inc0.30%
Impinj Inc0.30%
Urban Outfitters Inc0.30%
Axos Financial Inc0.30%
Karman Holdings Inc0.29%
Argan Inc0.28%
Kodiak Gas Services Inc0.28%
Powell Industries Inc0.27%
Installed Building Products0.27%
International Seaways Inc0.27%
Laureate Education Inc0.26%
Mercury Systems Inc0.26%
Solaris Energy Infrastructur0.26%
Virtu Financial Inc Class A0.26%
Mirion Technologies Inc0.26%
Enova International Inc0.25%
Clear Secure Inc Class A0.25%
Construction Partners Inc A0.25%
Myr Group Inc/Delaware0.25%
Covista Inc0.25%
Vse Corp0.24%
Openlane Inc0.24%
Badger Meter Inc0.24%
Pricesmart Inc0.24%
Cavco Industries Inc0.24%
Veracyte Inc0.24%
Indivior Pharmaceuticals Inc0.23%
Azz Inc0.23%

Weight gaps

The 100 widest of 463 Holdings in both funds.

Holding weights in SLYV and SPSM, widest gap first
Holding	More in SLYVMore in SPSM	SLYV	SPSM
Paycom Software IncPAYC	SLYV +0.51 points	1.08%	0.57%
Match Group IncMTCH	SLYV +0.50 points	1.05%	0.55%
Sm Energy CoSM	SLYV +0.48 points	1.01%	0.53%
Jackson Financial Inc AJXN	SLYV +0.43 points	0.91%	0.48%
Carmax IncKMX	SLYV +0.41 points	0.86%	0.45%
Victoria’s Secret & CoVSXY	SLYV +0.40 points	0.84%	0.44%
Eastman Chemical CoEMN	SLYV +0.39 points	0.83%	0.44%
Pool CorpPOOL	SLYV +0.37 points	0.79%	0.42%
Lamb Weston Holdings IncLW	SLYV +0.37 points	0.78%	0.41%
Lincoln National CorpLNC	SLYV +0.36 points	0.76%	0.40%
Epam Systems IncEPAM	SLYV +0.35 points	0.74%	0.39%
Matson IncMATX	SLYV +0.35 points	0.73%	0.38%
Builders Firstsource IncBLDR	SLYV +0.35 points	0.73%	0.38%
Conagra Brands IncCAG	SLYV +0.34 points	0.72%	0.38%
Mohawk Industries IncMHK	SLYV +0.34 points	0.71%	0.37%
Glaukos CorpGKOS	SPSM +0.34 points	0.47%	0.81%
Molson Coors Beverage Co BTAP	SLYV +0.32 points	0.67%	0.35%
Magnolia Oil & Gas Corp AMGY	SLYV +0.31 points	0.66%	0.35%
Teleflex IncTFX	SLYV +0.30 points	0.64%	0.34%
Caesars Entertainment IncCZR	SLYV +0.31 points	0.64%	0.33%
Atlantic Union Bankshares CoAUB	SLYV +0.29 points	0.61%	0.32%
Trade Desk Inc/The Class ATTD	SLYV +0.29 points	0.60%	0.31%
Insight Enterprises IncNSIT	SLYV +0.27 points	0.56%	0.29%
Rithm Capital CorpRITM	SLYV +0.26 points	0.56%	0.30%
Celanese CorpCE	SLYV +0.25 points	0.53%	0.28%
Patterson Uti Energy IncPTEN	SLYV +0.25 points	0.52%	0.27%
Eastern Bankshares IncEBC	SLYV +0.24 points	0.51%	0.27%
Signet Jewelers LtdSIG	SLYV +0.24 points	0.50%	0.26%
Rxo IncRXO	SLYV +0.23 points	0.49%	0.26%
Fulton Financial CorpFULT	SLYV +0.24 points	0.49%	0.25%
Lkq CorpLKQ	SLYV +0.23 points	0.49%	0.26%
Crescent Energy Inc ACRGY	SLYV +0.24 points	0.48%	0.25%
United Community Banks/GaUCB	SLYV +0.23 points	0.48%	0.25%
California Resources CorpCRC	SLYV +0.23 points	0.48%	0.25%
Life Time Group Holdings IncLTH	SPSM +0.23 points	0.26%	0.49%
Delek Us Holdings IncDK	SLYV +0.22 points	0.47%	0.25%
Robert Half IncRHI	SLYV +0.22 points	0.46%	0.24%
Cathay General BancorpCATY	SLYV +0.22 points	0.47%	0.25%
Integer Holdings CorpITGR	SLYV +0.22 points	0.46%	0.24%
Versant Media Group IncVSNT	SLYV +0.22 points	0.46%	0.24%
Core Natural Resources IncCNR	SLYV +0.22 points	0.46%	0.24%
Meritage Homes CorpMTH	SLYV +0.21 points	0.45%	0.24%
Kulicke & Soffa IndustriesKLIC	SLYV +0.22 points	0.45%	0.23%
Vishay Intertechnology IncVSH	SLYV +0.22 points	0.45%	0.23%
Mdu Resources Group IncMDU	SLYV +0.21 points	0.44%	0.23%
Apple Hospitality Reit IncAPLE	SLYV +0.21 points	0.44%	0.23%
The Campbell’s CompanyCPB	SLYV +0.20 points	0.43%	0.23%
Bread Financial Holdings IncBFH	SLYV +0.20 points	0.43%	0.23%
Diodes IncDIOD	SLYV +0.20 points	0.43%	0.23%
Rush Enterprises Inc Class ARUSHA	SLYV +0.20 points	0.43%	0.23%
Korn FerryKFY	SLYV +0.20 points	0.42%	0.22%
Cvb Financial CorpCVBF	SLYV +0.20 points	0.41%	0.21%
Academy Sports & Outdoors InASO	SLYV +0.19 points	0.40%	0.21%
Wesbanco IncWSBC	SLYV +0.19 points	0.40%	0.21%
Geo Group Inc/TheGEO	SLYV +0.18 points	0.39%	0.21%
Renasant CorpRNST	SLYV +0.18 points	0.39%	0.21%
Organon & CoOGN	SLYV +0.19 points	0.39%	0.20%
Sl Green Realty CorpSLG	SLYV +0.19 points	0.39%	0.20%
Asbury Automotive GroupABG	SLYV +0.18 points	0.38%	0.20%
Hni CorpHNI	SLYV +0.18 points	0.37%	0.19%
Terreno Realty CorpTRNO	SPSM +0.17 points	0.23%	0.40%
First Financial BancorpFFBC	SLYV +0.18 points	0.37%	0.19%
Enphase Energy IncENPH	SLYV +0.18 points	0.37%	0.19%
Genworth Financial IncGNW	SLYV +0.17 points	0.36%	0.19%
Amentum Holdings IncAMTM	SLYV +0.17 points	0.36%	0.19%
Simmons First Natl Corp Class ASFNC	SLYV +0.17 points	0.36%	0.19%
Highwoods Properties IncHIW	SLYV +0.17 points	0.36%	0.19%
Telephone and Data SystemsTDS	SLYV +0.16 points	0.35%	0.19%
Stride IncLRN	SLYV +0.16 points	0.35%	0.19%
M/I Homes IncMHO	SLYV +0.17 points	0.35%	0.18%
Marriott Vacations WorldVAC	SLYV +0.16 points	0.34%	0.18%
Abm Industries IncABM	SLYV +0.16 points	0.34%	0.18%
First Hawaiian IncFHB	SLYV +0.15 points	0.33%	0.18%
First Interstate Bancsys AFIBK	SLYV +0.16 points	0.33%	0.17%
Corecivic IncCXW	SLYV +0.16 points	0.33%	0.17%
Group 1 Automotive IncGPI	SLYV +0.16 points	0.33%	0.17%
Cushman & Wakefield LtdCWK	SLYV +0.15 points	0.33%	0.17%
Provident Financial ServicesPFS	SLYV +0.15 points	0.32%	0.17%
Dnow IncDNOW	SLYV +0.15 points	0.32%	0.17%
Versigent PLCVGNT	SLYV +0.15 points	0.32%	0.17%
Northern Oil and Gas IncNOG	SLYV +0.15 points	0.32%	0.17%
Banc of California IncBANC	SLYV +0.14 points	0.31%	0.17%
Liberty Energy IncLBRT	SLYV +0.14 points	0.30%	0.16%
Kohls CorpKSS	SLYV +0.14 points	0.30%	0.16%
Arcbest CorpARCB	SLYV +0.14 points	0.30%	0.16%
United Natural Foods IncUNFI	SLYV +0.14 points	0.30%	0.16%
Bank of Hawaii CorpBOH	SLYV +0.14 points	0.30%	0.16%
Advance Auto Parts IncAAP	SLYV +0.13 points	0.29%	0.16%
Acadia Healthcare Co IncACHC	SLYV +0.14 points	0.29%	0.15%
N B T Bancorp IncNBTB	SLYV +0.13 points	0.29%	0.16%
Workiva IncWK	SPSM +0.14 points	0.10%	0.24%
Power Integrations IncPOWI	SLYV +0.13 points	0.29%	0.16%
Peabody Energy CorpBTU	SLYV +0.14 points	0.29%	0.15%
Boise Cascade CoBCC	SLYV +0.14 points	0.29%	0.15%
Neogen CorpNEOG	SLYV +0.14 points	0.29%	0.15%
H.b. Fuller Co.FUL	SLYV +0.14 points	0.29%	0.15%
Acadia Realty TrustAKR	SLYV +0.13 points	0.28%	0.15%
Benchmark Electronics IncBHE	SLYV +0.13 points	0.28%	0.15%
V2X IncVVX	SLYV +0.13 points	0.27%	0.14%
Beacon Financial CorpBBT	SLYV +0.12 points	0.27%	0.15%

All 464 SLYV 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.

SLYV vs SPSM Cost

Overpaying SLYV vs SPSM

$2,499

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

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

Amount$10,000

Years30 years

Cost over time

SLYV 0.15%
SPSM 0.03%
Overpaying

Year by year

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

Expense ratio

0.15%SLYV
0.03%SPSM, cheaper

SPSM0.03%SLYV0.15%

0.03%0.59%

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

SPSM cheapest of 13 funds

SLYV 5th cheapest of 13 funds

SLYV vs SPSM Dividends

Last 12 months to Oct 30, 2026

Yield (12M): SLYV 1.93%, better; SPSM 1.51%
Payout (12M): SLYV $2.05; SPSM $0.82
Last payment: SLYV $0.53; SPSM $0.22
Ex-dividend: SLYV Sep 21, 2026; SPSM Sep 21, 2026
Paid on: SLYV Sep 23, 2026; SPSM Sep 23, 2026
Frequency: SLYV Quarterly; SPSM Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

SLYVQuarterly · 39 paymentsAll SLYV payments⁠

SPSMQuarterly · 40 paymentsAll SPSM payments⁠

SLYV vs SPSM Risk

Fall from peak · 5 years

SLYV
SPSM

Risk facts

VolatilityStd dev, 3 years: SLYV 19.0%SPSM 18.7%, better
Return per unit of riskSharpe ratio, 3 years: SLYV 0.76SPSM 0.76
Worst fallMax drawdown, 5 years: SLYV −28.7%SPSM −27.9%, better
Market sensitivityBeta, 5 years: SLYV 1.03SPSM 1.04; Market = 1

SLYV 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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SLYV vs SPSM

In short

Stated mandate

Why people hold it

Worth knowing

How SLYV and SPSM differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in SLYV

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 SLYV and SPSM differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in SLYV

Only in SPSM

Weight gaps