At a glance
SPTM charges 0.03% a year, below the 0.08% average of the 8 funds most like it (the cheapest of 9). It has $13.58B in assets, the 6th largest of that group; it paid 1.09% of its price in distributions over the past 12 months, quarterly. Over the past year it returned +11.9% with distributions reinvested (S&P 500: +11.5%), 5th of those 9 funds; over three years it returned +21.5% a year. At its worst it fell 24.2% in the 2022 bear market (S&P 500: 24.5%), and was back at its earlier high 14 months after the low. Its ten largest positions make up 33.5% of the fund, out of 1,509 in all.
The short version
SPDR Portfolio S&P 1500 Composite Stock Market ETF (SPTM) is a State Street index fund that tracks the S&P Composite 1500 Index. That index holds about 1,500 large, midsize and small US companies in one fund. Its expense ratio is 0.03%, the same as the cheapest S&P 500 funds such as VOO and IVV. Unlike those funds, it also owns mid- and small-cap stocks, though big tech names still drive most of its returns.
Price history
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SPTM +11.9% over the year to Nov 2, 2026, total return with distributions reinvested.
How it has behaved
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | Since start | |
|---|---|---|---|---|---|---|
| SPTM official prospectus, to Dec 31, 2025 | — | +16.94% | — | +13.94% | +14.45% | — |
| SPTM price data to Nov 2, 2026 | +11.4% | +11.9% | +21.5% | +11.4% | — | +16.4% |
- Over the year to Nov 2, 2026, SPTM returned +11.9%, 5th of 9 among similar funds.
- Its 5-year annualized return was +11.4%.
- Its worst full calendar year was 2022 (-17.8%); its best was 2021 (+28.6%).
- The deepest fall in its price history was 24.2% (Jan 4, 2022 to Oct 12, 2022), recovered by Dec 13, 2023.
Show as a table
| Year | Price data | Prospectus (official) |
|---|---|---|
| 2026 (to date) | +11.4% | — |
| 2025 | +16.9% | +16.94% |
| 2024 | +23.9% | +23.89% |
| 2023 | +25.6% | +25.48% |
| 2022 | -17.8% | -17.73% |
| 2021 | +28.6% | +28.43% |
| 2020 | — | +17.87% |
| 2019 | — | +31.56% |
| 2018 | — | -5.26% |
| 2017 | — | +21.15% |
| 2016 | — | +12.81% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Not in the price data, which starts Jun 2, 2020 |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Not in the price data, which starts Jun 2, 2020 |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Lost 24.1% over that stretch · deepest drop along the way 24.2%, back to its old high 14 months after the low |
Dividends and income
Show as a table
| Year | Per share | Change |
|---|---|---|
| 2026 (to date) | $0.7400 | |
| 2025 | $0.9300 | +1.1% |
| 2024 | $0.9200 | +9.5% |
| 2023 | $0.8400 | +6.3% |
| 2022 | $0.7900 | +8.2% |
| 2021 | $0.7300 |
What's inside
As of Jun 30, 2026, the fund held 1,509 securities; the ten largest made up 33.53% of assets.
| Holding | Weight | |
|---|---|---|
| NVIDIA Corp | 6.92% | |
| Apple Inc | 6.07% | |
| Microsoft Corp | 3.96% | |
| Amazon.com Inc | 3.33% | |
| Alphabet Inc | 2.99% | |
| Broadcom Inc | 2.56% | |
| Alphabet Inc | 2.38% | |
| Micron Technology Inc | 1.86% | |
| Meta Platforms Inc | 1.76% | |
| Tesla Inc | 1.69% | |
| Eli Lilly & Co | 1.35% | |
| Advanced Micro Devices Inc | 1.35% | |
| Berkshire Hathaway Inc | 1.31% | |
| JPMorgan Chase & Co | 1.25% | |
| Intel Corp | 0.94% |
By country
United States 96.76%Ireland 1.94%Switzerland 0.25%Bermuda 0.24%Netherlands 0.13%By asset type
Stocks 99.88%By sector
Sectors of the companies held, for the 83.7% of the fund in companies that have a stock page here; other holdings and cash aren't classified. Source: N-PORT holdings report as of Jun 30, 2026. Cash, money-market funds and derivatives are shown separately from the securities list.What changed recently
- Over the three months to Jun 30, 2026, investors added a net $83.7M (creations minus redemptions, per the N-PORT report).
- Monthly total returns reported for that quarter: +10.32%, +4.99%, -0.55%.
How it works
The fund aims to track the S&P Composite 1500 Index, which is built by S&P Dow Jones Indices. The index combines three better-known S&P indexes: the S&P 500 (large companies), the S&P MidCap 400 and the S&P SmallCap 600. As of July 31, 2026, it held 1,505 stocks. To join, a company must be listed on a major US exchange and trade actively. At least 10% of its shares must be available to the public. It also needs positive earnings over its last four quarters combined and in its latest quarter.
Stocks are weighted by float-adjusted market value. That means share price times the shares the public can actually buy, so bigger companies count for much more. As of June 30, 2026, the largest holdings were NVIDIA (6.9%), Apple (6.1%) and Microsoft (4.0%), and the top 10 made up 33.5% of the fund. The index rebalances every quarter, in March, June, September and December, and adds or drops companies as needed.
State Street's adviser, SSGA Funds Management, is allowed to use "sampling." That means holding a representative subset of the index rather than every stock. In practice the fund held 1,509 securities as of June 30, 2026, close to the full index. It must keep at least 80% of its assets in index stocks. It may use futures (contracts to buy an asset later at a set price) to manage cash coming in and out. Portfolio turnover was just 3%.
What it really costs
- SPTM charges 0.03% a year, versus an average of 0.08% for the similar funds below (1st of 9, cheapest first).
- Using the prospectus's standard example, $10,000 invested would cost about $3 in the first year and $39 over 10 years (assuming a 5% annual return).
| Cost of $10,000 (SEC example) | 1 yr | 3 yrs | 5 yrs | 10 yrs |
|---|---|---|---|---|
| SPTM | $3 | $10 | $17 | $39 |
In a retirement portfolio
It covers large, midsize and small US stocks in one fund for a 0.03% expense ratio, which makes it a natural anchor for the stock part of a portfolio.
SPTM could anchor the stock side of a long-term portfolio, but it holds only stocks and can fall hard. The price history used here starts in June 2020, so it says nothing about the 2008 crisis. The prospectus does show a 20.62% loss in the first quarter of 2020. In the 2022 bear market, the fund fell 24.2% from its January 4 peak to its October 12 low. It then took about 14 months to get back to its old high, on December 13, 2023. Its worst calendar year since 2016 was 2022, with a loss of 17.73%. Selling shares for spending money in a year like that means selling at low prices.
Income is modest: the yield was 1.06% as of October 29, 2026, paid quarterly. In the SEC's standard example, a $10,000 investment would cost $39 over 10 years. Past results don't predict future returns, and a plan should look at the whole portfolio, not one fund.
Who it may suit — and who should look elsewhere
May suit
- Investors who want about 1,500 large, midsize and small US companies in a single fund for a 0.03% expense ratio.
- Long-term holders who can sit through drops like the 24.2% fall in 2022, which took about 14 months to recover.
- People who like a profit screen: S&P's index admits only companies with positive recent earnings.
Look elsewhere if
- Income seekers: the yield was 1.06% as of October 29, 2026, paid only four times a year.
- Investors wary of big tech: the top 10 holdings, led by NVIDIA and Apple, were 33.5% of assets as of June 30, 2026.
- Anyone wanting a real small-cap tilt: weighting by company size gives the 600 small-cap stocks far less influence than the biggest names.
Close alternatives
Matched by holdings overlap from the latest N-PORT reports.
| Fund | Overlap | Cost | Net assets | 1 yr | 3 yr |
|---|---|---|---|---|---|
| SPTM this fund | — | 0.03% | $13.58B | +11.9% | +21.5% |
| IWB iShares Russell 1000 ETF | 92% | 0.15% | $48.33B | +11.2% | +21.7% |
| SPY SPDR S&P 500 ETF Trust | 92% | 0.0945% | $781.19B | +11.5% | +21.9% |
| IVV iShares Core S&P 500 ETF | 92% | 0.03% | $888.13B | +11.5% | +22.0% |
| VOO Vanguard S&P 500 ETF | 92% | 0.03% | $1.67T | +12.4% | +23.6% |
| USPX Franklin U.S. Equity Index ETF | 91% | 0.03% | $1.98B | +12.9% | +24.9% |
| IYY iShares Dow Jones U.S. ETF | 89% | 0.2% | $2.95B | +13.0% | +24.5% |
| VOTE TCW Transform 500 ETF | 88% | 0.05% | $1.10B | +13.5% | +25.2% |
Questions investors ask
What's the difference between SPTM and VOO?
VOO tracks only the S&P 500, while SPTM adds the S&P MidCap 400 and S&P SmallCap 600, about 1,500 stocks in all. Both charge 0.03%. Because the big companies dominate both, their holdings overlap about 92%, so returns have been close. As of October 29, 2026, SPTM returned 13.5% over one year versus 13.2% for VOO. Over three years it returned 24.4% a year versus VOO's 24.9%.
What is the SPTM expense ratio?
SPTM's expense ratio is 0.03%, per its prospectus filed October 26, 2026. That's $3 a year on $10,000. In the SEC's standard example ($10,000, 5% yearly return), total costs would be $3 after one year, $17 after five years and $39 after ten. The average for similar funds is 0.08%. Among them, iShares Russell 1000 ETF (IWB) charges 0.15% and SPDR S&P 500 ETF Trust (SPY) about 0.09%.
Does SPTM pay dividends?
Yes. SPTM pays dividends quarterly. Over the 12 months to October 29, 2026, it paid $0.99 per share, a yield of 1.06%. The yield is low because the fund weights companies by size, and its biggest holdings, such as NVIDIA, Apple and Microsoft, pay small dividends relative to their share prices. Investors who need meaningful income from their stocks may want to compare it with funds built around dividends.
Is SPTM a total stock market fund?
Nearly, but not quite. SPTM covers large, midsize and small US companies through the S&P Composite 1500 Index, which held 1,505 stocks as of July 31, 2026. It leaves out the smallest companies and any that fail S&P's tests for trading volume, public share availability and positive earnings. So it skips money-losing companies that broader total-market indexes may hold.
Is SPTM good for retirement?
It may suit retirement savers as a low-cost core stock holding, but it is all stocks and can drop sharply. As of December 31, 2025, its average annual return was 14.45% over 10 years, according to the prospectus. It also lost 17.73% in 2022, and its 24.2% peak-to-low fall that year took until December 13, 2023 to recover. Pairing it with steadier assets is a common way to soften such drops.