SPDR S&P 500 ETF Trust (SPY)

Look-through valuation · US market · Expense ratio 0.10 % · ISIN US78462F1030

SPY SPDR S&P 500 ETF Trust SPY · S&P 500 Index overvalued

Holdings vs fair value −52.8 % weighted average

Quality 67/100 avg alpha quality

Expense ratio 0.10 % per year (TER)

Fund size $ 789.5B yield 1.01 %

The look-through covers 58 % of the fund by weight (47 of 49 disclosed positions valued). Unresolved positions are left out, never estimated.

Price history (since 1993)

Monthly close since 1993. Price shows performance, the valuation verdict is in the look-through above.

Top holdings

Holding	Weight	vs fair value	Quality
NVIDIA Corporation NVDA	7.6 %	−54.4 %	68
Apple Inc. AAPL	7.2 %	−62.5 %	83
Microsoft Corporation MSFT	4.5 %	−30.7 %	59
Amazon.com Inc AMZN	3.7 %	−49.9 %	53
Alphabet Inc Class A GOOGL	3.2 %	n/a	n/a
Broadcom Inc AVGO	2.8 %	−78.8 %	67
Alphabet Inc Class C GOOG	2.6 %	−60.7 %	73
Meta Platforms Inc. META	2.2 %	−21.5 %	60
Tesla Inc TSLA	1.7 %	−80.0 %	37
Micron Technology Inc MU	1.6 %	−80.0 %	73
Eli Lilly and Company LLY	1.4 %	−65.7 %	73
Berkshire Hathaway Inc BRK-B	1.4 %	−17.4 %	59
JPMorgan Chase & Co JPM	1.4 %	−20.2 %	66
Advanced Micro Devices Inc AMD	1.3 %	−78.9 %	72
Johnson & Johnson JNJ	1.0 %	−31.6 %	84
Visa Inc. Class A V	0.9 %	−42.5 %	77
Walmart Inc. WMT	0.8 %	−56.8 %	62
Intel Corporation INTC	0.8 %	−60.7 %	46
Cisco Systems Inc CSCO	0.7 %	−61.5 %	77
Applied Materials Inc AMAT	0.7 %	−75.3 %	75
AbbVie Inc ABBV	0.7 %	−72.3 %	75
Mastercard Inc MA	0.7 %	−58.5 %	75
Caterpillar Inc CAT	0.7 %	−66.3 %	67
Lam Research Corp LRCX	0.6 %	−79.4 %	79
Costco Wholesale Corp COST	0.6 %	−58.2 %	61

Fair value and quality per position come from the same valuation as our stock pages. Showing the 25 largest of 49 disclosed positions. "n/a" means the position is not (yet) in our stock universe and does not enter the average.

How the look-through works

An ETF has no fair value of its own like a single stock. We build it bottom up: every holding has a fair value and a quality score on our pages. Weighted by portfolio share, that gives SPDR S&P 500 ETF Trust an average of how cheap or expensive its companies currently sit versus fair value, and how high their average quality is.

As of: Jul 17, 2026

No investment advice, no buy or sell recommendation. The look-through is a computed summary of public fundamentals and is no substitute for your own research.