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SPSM
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SPDR® Portfolio S&P 600 Small Cap ETF (SPSM)

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$44.01
Last Close (24-hour delay)
Profit since last BUY4.89%
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Consider higher Upturn Star rating
BUY since 39 days
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Upturn Advisory Summary

07/09/2025: SPSM (2-star) has a low Upturn Star Rating. Not recommended to BUY.

Upturn Star Rating

rating

Below Average Performance

These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.

Analysis of Past Performance

Type ETF
Historic Profit 11.22%
Avg. Invested days 64
Today’s Advisory Consider higher Upturn Star rating
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 4.0
ETF Returns Performance Upturn Returns Performance 3.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 07/09/2025

Key Highlights

Volume (30-day avg) -
Beta 1.18
52 Weeks Range 34.64 - 49.32
Updated Date 06/29/2025
52 Weeks Range 34.64 - 49.32
Updated Date 06/29/2025

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SPDR® Portfolio S&P 600 Small Cap ETF

stock logo

ETF Overview

overview logo Overview

The SPDRu00ae Portfolio S&P 600 Small Cap ETF (SPSM) seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P SmallCap 600 Index. It focuses on small-cap US equities and aims for broad diversification within that segment.

reliability logo Reputation and Reliability

State Street Global Advisors (SSGA) is a well-established and reputable asset manager with a long track record in the ETF market.

reliability logo Management Expertise

SSGA has extensive experience in managing index-tracking ETFs and possesses the resources to effectively manage the SPSM fund.

Investment Objective

overview logo Goal

To closely track the total return performance of the S&P SmallCap 600 Index.

Investment Approach and Strategy

Strategy: The ETF employs a replication strategy, aiming to hold all the stocks in the S&P SmallCap 600 Index in proportion to their weightings in the index.

Composition The ETF primarily holds stocks, specifically those included in the S&P SmallCap 600 Index.

Market Position

Market Share: SPSM holds a significant market share within the small-cap ETF category, indicating strong investor adoption.

Total Net Assets (AUM): 5470000000

Competitors

overview logo Key Competitors

  • IJR
  • VIOO
  • SLY
  • XSLV

Competitive Landscape

The small-cap ETF market is competitive, with several large players offering similar index-tracking products. SPSM benefits from SSGA's brand recognition and low expense ratio. However, IJR is the largest and most liquid ETF in this category. SPSM offers a similar investment strategy but might have slightly lower liquidity than some of its larger competitors.

Financial Performance

Historical Performance: Historical performance data can be obtained from financial data providers. Performance will closely mirror that of the S&P SmallCap 600 index.

Benchmark Comparison: SPSM's performance should closely track the S&P SmallCap 600 Index. Deviations may occur due to tracking error, which is usually minimal.

Expense Ratio: 0.04

Liquidity

Average Trading Volume

SPSM demonstrates reasonable liquidity with a solid average trading volume, facilitating efficient trading for investors.

Bid-Ask Spread

The bid-ask spread for SPSM is typically tight, indicating relatively low trading costs.

Market Dynamics

Market Environment Factors

Economic growth, interest rate movements, and investor sentiment towards small-cap stocks can significantly impact SPSM's performance. Sector-specific trends within the S&P SmallCap 600 also play a role.

Growth Trajectory

The growth trajectory of SPSM depends on the overall performance of the small-cap market and investor demand for low-cost, index-tracking ETFs. There have been no recent strategic changes.

Moat and Competitive Advantages

Competitive Edge

SPSM's competitive edge stems from its exceptionally low expense ratio, offered by SSGA, providing a cost-effective way to gain exposure to the S&P SmallCap 600 index. Its strong brand recognition helps attract investors, and the fund's tracking error is low, meaning its performance closely mirrors the index. This cost-effectiveness, when combined with accurate index tracking, makes SPSM a compelling option for investors seeking passive small-cap exposure. The ETF benefits from SSGA's efficient management and established ETF infrastructure.

Risk Analysis

Volatility

As a small-cap ETF, SPSM can exhibit higher volatility than large-cap ETFs due to the greater price fluctuations of smaller companies.

Market Risk

SPSM is subject to market risk, as the value of its holdings can decline during market downturns. Specific sector risks within the S&P SmallCap 600 can also impact performance.

Investor Profile

Ideal Investor Profile

The ideal investor for SPSM is someone seeking broad exposure to the US small-cap market and is comfortable with the higher volatility associated with smaller companies. Investors should have a long-term investment horizon.

Market Risk

SPSM is suitable for long-term investors seeking passive exposure to the small-cap market. It can be a core holding in a diversified portfolio.

Summary

The SPDRu00ae Portfolio S&P 600 Small Cap ETF (SPSM) offers low-cost, passive exposure to the S&P SmallCap 600 Index, providing a diversified investment in US small-cap equities. It is managed by a reputable issuer, State Street Global Advisors, and features a very low expense ratio. Investors should be aware of the higher volatility typically associated with small-cap stocks. Overall, SPSM provides a compelling option for investors seeking a core allocation to the small-cap market as part of a well-diversified portfolio.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • State Street Global Advisors website
  • FactSet
  • Morningstar
  • Bloomberg

Disclaimers:

The information provided is for informational purposes only and should not be considered investment advice. Investors should conduct their own research and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results. Market data is subject to change.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About SPDR® Portfolio S&P 600 Small Cap ETF

Exchange NYSE ARCA
Headquaters -
IPO Launch date -
CEO -
Sector -
Industry -
Full time employees -
Website
Full time employees -
Website

Under normal market conditions, the fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index measures the performance of the small-capitalization segment of the U.S. equity market.