At a glance
SPYG charges 0.04% a year, below the 0.11% average of the 8 funds most like it (the cheapest of 9). It has $52.99B in assets, the 5th largest of that group; it paid 0.51% of its price in distributions over the past 12 months, quarterly. Over the past year it returned +7.2% with distributions reinvested (S&P 500: +11.5%), 3rd of those 9 funds; over three years it returned +25.3% a year. At its worst it fell 31.9% in the 2022 bear market (S&P 500: 24.5%), and was back at its earlier high 16 months after the low. Its ten largest positions make up 56.4% of the fund, out of 147 in all.
The short version
SPDR Portfolio S&P 500 Growth ETF (SPYG), from State Street, tracks the S&P 500 Growth Index. That index holds the S&P 500 companies that score highest on sales growth, earnings changes and price momentum. The fund offers this growth tilt for an annual fee (expense ratio) of 0.04%, matching the cheapest of eight similar funds, which average 0.11%. The trade-off is concentration: as of June 30, 2026, technology was about half the portfolio and NVIDIA alone was 13.7%.
Price history
The interactive chart needs JavaScript.
SPYG +7.2% 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 | |
|---|---|---|---|---|---|---|
| SPYG official prospectus, to Dec 31, 2025 | — | +22.10% | — | +14.98% | +16.90% | — |
| SPYG price data to Nov 2, 2026 | +8.4% | +7.2% | +25.3% | +11.3% | — | +17.2% |
- Over the year to Nov 2, 2026, SPYG returned +7.2%, 3rd of 9 among similar funds.
- Its 5-year annualized return was +11.3%.
- Its worst full calendar year was 2022 (-29.4%); its best was 2024 (+36.0%).
- The deepest fall in its price history was 32.7% (Dec 27, 2021 to Oct 14, 2022), recovered by Mar 1, 2024.
Show as a table
| Year | Price data | Prospectus (official) |
|---|---|---|
| 2026 (to date) | +8.4% | — |
| 2025 | +22.1% | +22.10% |
| 2024 | +36.0% | +35.97% |
| 2023 | +30.0% | +29.97% |
| 2022 | -29.4% | -29.41% |
| 2021 | +32.0% | +31.93% |
| 2020 | — | +33.37% |
| 2019 | — | +31.03% |
| 2018 | — | -0.04% |
| 2017 | — | +27.20% |
| 2016 | — | +6.75% |
| 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 31.9% over that stretch · deepest drop along the way 31.9%, back to its old high 16.4 months after the low |
Dividends and income
Show as a table
| Year | Per share | Change |
|---|---|---|
| 2026 (to date) | $0.4300 | |
| 2025 | $0.5600 | +5.7% |
| 2024 | $0.5300 | -29.3% |
| 2023 | $0.7500 | +47.1% |
| 2022 | $0.5100 | +13.3% |
| 2021 | $0.4500 |
What's inside
As of Jun 30, 2026, the fund held 147 securities; the ten largest made up 56.39% of assets.
| Holding | Weight | |
|---|---|---|
| NVIDIA Corp | 13.65% | |
| Microsoft Corp | 7.80% | |
| Apple Inc | 5.99% | |
| Alphabet Inc | 5.90% | |
| Broadcom Inc | 5.04% | |
| Alphabet Inc | 4.70% | |
| Micron Technology Inc | 3.67% | |
| Meta Platforms Inc | 3.48% | |
| Amazon.com Inc | 3.48% | |
| Eli Lilly & Co | 2.67% | |
| Advanced Micro Devices Inc | 2.67% | |
| Berkshire Hathaway Inc | 2.58% | |
| Tesla Inc | 2.07% | |
| JPMorgan Chase & Co | 1.68% | |
| Applied Materials Inc | 1.62% |
By country
United States 98.56%Ireland 0.88%Liberia 0.22%Singapore 0.17%Bermuda 0.12%By asset type
Stocks 99.95%By sector
Sectors of the companies held, for the 94.8% 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 $2.09B (creations minus redemptions, per the N-PORT report).
- Monthly total returns reported for that quarter: +14.78%, +8.08%, -1.75%.
How it works
SPYG follows the S&P 500 Growth Index, run by S&P Dow Jones Indices, which is not affiliated with State Street. The index starts with the S&P 500, a committee-picked list of large, profitable US companies. It keeps those with the strongest growth traits: sales growth, changes in earnings relative to share price, and momentum (how strongly a stock's price has been rising). As of July 31, 2026, that meant 147 stocks.
Stocks are weighted by market capitalization, a company's total stock market value, with caps to meet US tax rules for funds. Bigger companies get bigger slices: as of June 30, 2026, the 10 largest positions made up 56.4% of assets, led by NVIDIA at 13.7%. The index resets its membership once a year, after the third Friday of December. It rebalances (readjusts weights) quarterly, after the third Friday of March, June, September and December.
The adviser, SSGA Funds Management, may hold a sample of index stocks that mirrors the index's risk and return, or nearly all of them. Either way, it must keep at least 80% of net assets in index securities. It may also use futures contracts (agreements to trade an asset later at a set price) to manage cash. The fund is non-diversified, so it can hold larger stakes in single companies than many funds.
What it really costs
- SPYG charges 0.04% a year, versus an average of 0.11% for the similar funds below (1st of 9, cheapest first).
- Using the prospectus's standard example, $10,000 invested would cost about $4 in the first year and $51 over 10 years (assuming a 5% annual return).
| Cost of $10,000 (SEC example) | 1 yr | 3 yrs | 5 yrs | 10 yrs |
|---|---|---|---|---|
| SPYG | $4 | $13 | $23 | $51 |
In a retirement portfolio
It holds a narrow, tech-heavy slice of the S&P 500 and fell 32.7% from its late-2021 peak, so it fits better beside broader holdings than as a whole stock allocation.
SPYG can add low-cost exposure to large US growth companies. In the SEC's standard example, costs on $10,000 come to $51 over 10 years. It adds little income: the yield was 0.49% as of October 27, 2026, paid quarterly. Its deepest drop came in the 2022 downturn, 32.7% from December 27, 2021 to October 14, 2022. It took 16.6 months from that low to regain its high, in March 2024. Its worst calendar year was 2022, down 29.4%. Price history here starts in June 2020, so it misses the 2008 crisis and the COVID crash, though the fund gained 33.4% for all of 2020. Anyone drawing cash in a year like 2022 could have been cashing out shares at up to a third below their peak.
Past results don't predict future ones, and a retirement plan should look at the whole portfolio, not one fund.
Who it may suit — and who should look elsewhere
May suit
- Long-term investors who want large US growth companies and can wait out drops like the 32.7% slide that bottomed in October 2022.
- Investors adding a growth tilt beside broader or value-focused funds, who accept technology at about half of assets as of June 30, 2026.
- Investors comparing S&P 500 growth funds: its holdings overlapped 100% with iShares' IVW, which charges 0.18% versus SPYG's 0.04%.
Look elsewhere if
- Income seekers: the yield was just 0.49% as of October 27, 2026, paid quarterly, so spending money would mostly mean parting with shares.
- Investors wanting broad diversification: it is non-diversified, with the top 10 positions at 56.4% and NVIDIA alone 13.7% as of June 30, 2026.
- Anyone needing this money within a few years: it lost 29.4% in 2022, including 20.8% in the quarter ended June 30, 2022.
Close alternatives
Matched by holdings overlap from the latest N-PORT reports.
| Fund | Overlap | Cost | Net assets | 1 yr | 3 yr |
|---|---|---|---|---|---|
| SPYG this fund | — | 0.04% | $52.99B | +7.2% | +25.3% |
| IVW iShares S&P 500 Growth ETF | 100% | 0.18% | $74.97B | +7.0% | +25.2% |
| IUSG iShares Core S&P U.S. Growth ETF | 95% | 0.04% | $32.22B | +7.6% | +24.8% |
| VOOG Vanguard S&P 500 Growth ETF | 93% | 0.07% | $27.12B | +9.4% | +27.5% |
| VUG Vanguard Growth ETF | 77% | 0.04% | $379.29B | +3.8% | +25.1% |
| IWF iShares Russell 1000 Growth ETF | 77% | 0.19% | $128.90B | -3.7% | +20.3% |
| IWY iShares Russell Top 200 Growth ETF | 76% | 0.2% | $16.96B | -3.4% | +20.7% |
| VONG Vanguard Russell 1000 Growth ETF | 76% | 0.07% | $54.28B | -2.3% | +22.4% |
Questions investors ask
What stocks are in SPYG?
SPYG holds large US companies from the S&P 500 that score highest on growth measures. It held 147 stocks as of June 30, 2026. The largest were NVIDIA (13.7%), Microsoft (7.8%), Apple (6.0%), Alphabet (5.9% and 4.7% in two share classes) and Broadcom (5.0%), followed by Micron, Meta and Amazon. Technology made up 49.3% of the portfolio and communication services 15.1%. The top 10 positions together were 56.4% of the fund.
What's the difference between SPYG and IVW?
Mainly cost. In their latest holdings reports filed with the SEC, iShares S&P 500 Growth ETF (IVW) showed a 100% overlap with SPYG's holdings. But IVW charges 0.18% a year against SPYG's 0.04%. Returns have been close: as of October 27, 2026, IVW returned 12.2% over one year and 29.0% a year over three, versus 12.3% and 29.2% for SPYG. IVW is larger, with about $75.0 billion in net assets to SPYG's $53.0 billion as of June 30, 2026.
Does SPYG pay dividends?
Yes, but very little. SPYG pays dividends quarterly. Its trailing 12-month yield (income paid over the past year as a share of the price) was 0.49% as of October 27, 2026, based on $0.59 per share in payouts. Growth companies often reinvest profits instead of paying them out, so the fund's return depends mainly on rising share prices. A retiree relying on it for spending money would mostly have to cash out shares rather than live on dividends.
Is SPYG good for retirement?
It can play a part, mostly as a higher-risk growth holding alongside broader funds. Costs are low at 0.04% a year, and it returned an average 16.9% a year over the 10 years ended December 31, 2025. But it lost 29.4% in 2022 and took 16.6 months from its October 2022 low to regain its peak. Income is slim, with a 0.49% yield as of October 27, 2026, and about half its assets were in technology as of June 30, 2026. Past results don't predict future returns.
What is SPYG's 10-year return?
SPYG returned an average of 16.9% a year over the 10 years ended December 31, 2025, according to its prospectus. It returned 14.98% a year over five years and 22.1% over one year. Calendar-year results ranged from a 35.97% gain in 2024 to a 29.41% loss in 2022, and 2018 was roughly flat, a 0.04% loss. Based on its share price, it was up 13.4% year to date through October 27, 2026, and 12.3% over the 12 months to that date.