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SPDR® S&P 500 ETF Trust SPY

Analyst rating as of

Morningstar’s Analysis

Will SPY outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

The original ETF has a well-constructed portfolio, but there are drawbacks.

Associate Analyst


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The first-ever exchange-traded fund listed in the United States, SPDR® S&P 500 ETF Trust boasts a broadly diversified portfolio that’s generally representative of the investment opportunity set available to its Morningstar Category peers. However, its unit investment trust structure limits managers’ ability to eke out incremental value for shareholders and its fee is a multiple of those charged by its closest peers. This fund earns a Morningstar Analyst Rating of Silver.

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