State Street SPDR Portfolio S&P 600 Small Cap ETF

SPSM

Market cap $15.6B

Small-cap stocks are beginning to outperform again, but ETF investors remain overwhelmingly focused on mega-cap technology and AI trades — a disconnect some strategists believe could create an opportunity in overlooked parts of the market.

There has been a visible disparity between the performance of U.S. small-caps and U.S. large-caps so far this year. What hasn't been too visible is a lot of investor interest in the action.

Small-cap stocks have quietly been outperforming the S&P 500 through early 2026, a rotation that many investors who stayed concentrated in large-cap technology missed entirely.

If you're interested in broad exposure to the Small Cap Blend segment of the US equity market, look no further than the State Street SPDR Portfolio S&P 600 Small Cap ETF (SPSM), a passively managed exchange traded fund launched on July 8, 2013.

IJR commands a much larger asset base than SPSM Both ETFs offer similar sector exposures and nearly identical risk profiles SPSM charges a lower expense ratio and has a marginally higher dividend yield

ISCB carries a slightly higher expense ratio and a lower dividend yield compared to SPSM. ISCB has delivered a higher one-year return and broader diversification, but with a deeper five-year drawdown.

SCHA holds a broader basket of small-cap stocks than SPSM and has outperformed over the past year. SPSM costs slightly less and offers a marginally higher dividend yield than SCHA.

If you're interested in broad exposure to the Small Cap Blend segment of the US equity market, look no further than the State Street SPDR Portfolio S&P 600 Small Cap ETF (SPSM), a passively managed exchange traded fund launched on July 8, 2013.

Both funds charge the same ultra-low expense ratio, but SPSM pays a slightly higher dividend yield. VB holds over twice as many stocks as SPSM, leading to broader small-cap exposure.

Small-cap stocks have a reputation for delivering outsize returns, but they also carry outsized risk.