SPDR Portfolio S&P 500 Value ETF (SPYV): Complete Beginner's Guide
SPDR Portfolio S&P 500 Value ETF (SPYV) is a us large-cap value ETF from State Street with an expense ratio of 0.04% and $20.0B in assets under management. Our Beginner Suitability Score: 9/10 (Great for Beginners). 5-year annualized return: 9.50%.
Last updated: April 2026
State Street • US Large-Cap Value
Expense Ratio
0.04%
AUM
$20.0B
Dividend Yield
2.20%
Inception
2000
Beginner Score
9/10
What is SPDR Portfolio S&P 500 Value ETF?
SPYV tracks the S&P 500 Value Index, which selects value-oriented stocks from the S&P 500 based on book value, earnings, and sales ratios relative to price. At just 0.04% in fees, it is one of the cheapest ways to get pure large-cap value exposure. The fund favors financially stable, established companies that trade at reasonable valuations relative to their fundamentals.
SPYV is managed by State Street and has been available since 2000. With $20.0B in assets under management, it's a well-established fund with strong institutional backing. The fund charges an expense ratio of 0.04%, which means for every $10,000 you invest, you pay approximately $4 per year in management fees.
SPYV at a Glance — Key Metrics
| Expense Ratio | 0.04% |
| Total Holdings | 440 |
| P/E Ratio | 17.0 |
| Beta | 0.89 |
| Dividend Yield | 2.20% |
| AUM | $20.0B |
| Inception Year | 2000 |
| Issuer | State Street |
Top 10 Holdings in SPYV
SPYV holds 440 different securities. Here are the largest positions that make up the core of this fund:
| # | Company | Ticker | Weight |
|---|---|---|---|
| 1 | Berkshire Hathaway | BRK.B | 4.00% |
| 2 | JPMorgan Chase | JPM | 3.00% |
| 3 | UnitedHealth Group | UNH | 2.80% |
| 4 | ExxonMobil | XOM | 2.60% |
| 5 | Procter & Gamble | PG | 2.20% |
| 6 | Johnson & Johnson | JNJ | 2.00% |
| 7 | Home Depot | HD | 1.80% |
| 8 | AbbVie | ABBV | 1.70% |
| 9 | Bank of America | BAC | 1.60% |
| 10 | Chevron | CVX | 1.50% |
SPYV's top holding is Berkshire Hathaway (BRK.B) at 4.00%, followed by JPMorgan Chase (JPM) at 3.00% and UnitedHealth Group (UNH) at 2.80%. The top 10 holdings account for 23.20% of the fund's 440 total positions.
View data table
| Rank | Company | Ticker | Weight |
|---|---|---|---|
| 1 | Berkshire Hathaway | BRK.B | 4.00% |
| 2 | JPMorgan Chase | JPM | 3.00% |
| 3 | UnitedHealth Group | UNH | 2.80% |
| 4 | ExxonMobil | XOM | 2.60% |
| 5 | Procter & Gamble | PG | 2.20% |
| 6 | Johnson & Johnson | JNJ | 2.00% |
| 7 | Home Depot | HD | 1.80% |
| 8 | AbbVie | ABBV | 1.70% |
| 9 | Bank of America | BAC | 1.60% |
| 10 | Chevron | CVX | 1.50% |
Want the full framework? This 2-hour ETF course teaches you exactly how to pick, buy, and hold profitable ETFs — from zero to confident investor. Under $15.
Ready to invest? Open an IBKR account in 10 minutes and get free stock. $0 commissions on US ETFs • Fractional shares from $1 • 150+ global markets.
SPYV Performance History
Here's how SPYV has performed over different time periods. Remember that past performance doesn't guarantee future results, but it gives you a sense of the fund's track record:
YTD
2.70%
1 Year
11.00%
3 Year
8.50%
5 Year
9.50%
10 Year
9.00%
SPYV has returned 9.50% annualized over 5 years and 9.00% over 10 years. YTD return is 2.70%.
View data table
| Period | Return |
|---|---|
| YTD | 2.70% |
| 1 Year | 11.00% |
| 3 Year | 8.50% |
| 5 Year | 9.50% |
| 10 Year | 9.00% |
Beginner Suitability Score: 9/10
Our proprietary Beginner Suitability Score evaluates ETFs based on five factors that matter most to new investors: fees, volatility, diversification, dividend history, and track record length.
SPYV scores 9/10 because it has very low fees, shows lower-than-average volatility, offers broad diversification across 440 holdings, and has been available since 2000, giving it a proven track record.
How to Buy SPYV — Step by Step
- Open a brokerage account — We recommend Fidelity, Charles Schwab, or Vanguard for ETF investing. All offer $0 commissions on ETF trades.
- Fund your account — Transfer money from your bank. You can start with as little as $1 if your broker offers fractional shares.
- Search for "SPYV" — Use the search bar in your brokerage platform to find SPDR Portfolio S&P 500 Value ETF.
- Place your order — Choose "Market Order" for simplicity or "Limit Order" if you want to set a specific price. Enter how many shares (or dollar amount) you want to buy.
- Set up automatic investing — Most brokers let you schedule recurring purchases (e.g., $100/month on the 1st). This is dollar cost averaging in action.
SPYV Sector Allocation
Here's how SPYV distributes its investments across different sectors of the economy:
SPYV's largest sector allocation is Financials at 21.0%, followed by Healthcare at 17.0% and Consumer Staples at 10.0%.
View data table
| Sector | Weight |
|---|---|
| Financials | 21.0% |
| Healthcare | 17.0% |
| Consumer Staples | 10.0% |
| Industrials | 10.0% |
| Energy | 9.0% |
| Technology | 9.0% |
| Utilities | 7.0% |
| Consumer Discretionary | 6.0% |
| Real Estate | 5.0% |
| Communication Services | 4.0% |
| Materials | 2.0% |
Dollar Cost Averaging Into SPYV
Here's what consistent monthly investing could look like over time, assuming an average annual return of 8% (approximate historical stock market average):
| Monthly | 10 Years | 20 Years | 30 Years |
|---|---|---|---|
| $100/mo | $18,417 | $59,295 | $150,030 |
| $250/mo | $46,041 | $148,237 | $375,074 |
| $500/mo | $92,083 | $296,474 | $750,148 |
*Projections assume 8% average annual return with monthly compounding. Actual returns will vary. Past performance doesn't guarantee future results.
Fee impact: With SPYV's expense ratio of 0.04%, a $10,000 investment would lose approximately $344 to fees over 20 years compared to a zero-fee investment. This is a reasonable fee level for the value provided.
SPYV's expense ratio of 0.04% costs $344 on a $10,000 investment over 20 years (assuming 8% annual return). Without fees, the investment would grow to $46,610 instead of $46,266.
View data table
| Year | Without Fees | With Fees | Fee Cost |
|---|---|---|---|
| 0 | $10,000 | $10,000 | $0 |
| 5 | $14,693 | $14,666 | $27 |
| 10 | $21,589 | $21,509 | $80 |
| 15 | $31,722 | $31,546 | $176 |
| 20 | $46,610 | $46,266 | $344 |
Pros and Cons of SPYV
Pros
- ✓Ultra-low 0.04% expense ratio ties it with the cheapest value ETFs available
- ✓S&P 500 value methodology provides clear, rules-based stock selection
- ✓Higher dividend yield than growth counterparts offers meaningful income component
- ✓Long operating history since 2000 with consistent benchmark tracking
Cons
- ✗Can significantly underperform growth stocks during extended tech-led bull markets
- ✗Financial sector concentration creates meaningful interest rate and credit cycle risk
- ✗Lower AUM than some competitors means slightly less trading liquidity
SPYV vs Similar ETFs
See how SPYV stacks up against similar funds:
Frequently Asked Questions
Is SPYV a good ETF for beginners?▾
SPYV has a Beginner Suitability Score of 9/10 on our scale. This makes it a strong choice for new investors due to its low fees and broad diversification.
What is the expense ratio of SPYV?▾
SPYV has an expense ratio of 0.04%. This means for every $10,000 you invest, you pay approximately $4 per year in fees. This is considered very low and cost-efficient.
How much money do I need to invest in SPYV?▾
You can invest in SPYV with as little as $1 through brokers that offer fractional shares (like Fidelity, Schwab, or Robinhood). There is no minimum investment required beyond the share price itself, which changes daily. Dollar cost averaging — investing a fixed amount regularly — is a popular strategy.
Does SPYV pay dividends?▾
Yes, SPYV pays dividends with a current yield of approximately 2.20%. Dividends are typically paid quarterly and can be reinvested automatically through most brokers.
What are the top holdings in SPYV?▾
The top holdings in SPYV include Berkshire Hathaway (4.00%), JPMorgan Chase (3.00%), UnitedHealth Group (2.80%), and more. The fund holds 440 total positions, providing broad diversification across many companies.
What sectors does SPYV invest in?▾
SPYV's largest sector allocations are Financials (21.00%), Healthcare (17.00%), Consumer Staples (10.00%). This sector distribution shows a focus on financials stocks.
How much do SPYV's fees cost over time?▾
With an expense ratio of 0.04%, a $10,000 investment in SPYV would lose approximately $344 to fees over 20 years (assuming 8% annual returns). This is a reasonable fee level.