State Street SPDR Portfolio S&P 500 ETF

SPYM

Market cap $105B

If you want a low-cost S&P 500 index fund, the State Street SPDR Portfolio S&P 500 ETF is a good choice. Investors seeking a more tech-heavy, growth-oriented ETF can opt for the Vanguard Russell 1000 Growth ETF.

The S&P 500 closed out the week on a four-day losing streak, its longest of 2026 so far. The index finished the week with a loss of 1.6%, its third straight week in the red, and is now 4.96% off its all-time high from January 27, 2026.

The S&P 500 finished the week at its lowest close since mid-December. The index finished the week with a loss of -2.0%, its largest in nearly five months, and is now 3.42% off its all-time high from January 27, 2026.

The SPDR Portfolio S&P 500 ETF offers a low-cost, liquid option for long-term S&P 500 exposure, with a 0.02% expense ratio. The S&P 500 median company is currently overvalued by 13% relative to 11-year historical averages, with quality near baseline. Energy leads in both value and quality scores, while materials and industrials are notably overvalued and least compelling fundamentally.

The S&P 500 slipped back below its 50-day moving average to end the week, marking the index's seventh cross of the key trendline this February. The index finished the week with a loss of -0.4% and is now 1.43% off its all-time high from January 27, 2026.

The S&P 500 finished the week with a loss of -1.4%, its second consecutive weekly decline. This was largely driven by a selloff on Thursday, sparked by concerns related to AI.

The S&P 500 experienced a mid-week slump before rebounding on Friday with its strongest single-day gain since May. The index ended the week down -0.1% but remains within reach of a new record high.

The ETF industry has carried its record-breaking momentum from 2025 into the new year, surpassing $100 billion in net flows before the end of January.  By the end of the month, flows into U.S.

The S&P 500 reached a new record high this week, even momentarily surpassing 7,000 for the first time. Despite these early advances, the index declined through the latter half of the week, wiping out most of its initial gains.

If you're interested in broad exposure to the Large Cap Blend segment of the US equity market, look no further than the State Street SPDR Portfolio S&P 500 ETF (SPYM), a passively managed exchange traded fund launched on November 8, 2005.