SPTM ETF Explained: Returns, Expense Ratio, Holdings and Alternative ETFs
The SPDR Portfolio S&P 1500 ETF (SPTM) is a broad core ETF that covers US large-, mid- and small-cap stocks in a single ticker. With a low expense ratio, quarterly dividends and wide diversification, it suits long-term core investors who want exposure to the overall US market.
SubscribeWhat Is the SPDR Portfolio S&P 1500 ETF?
This is a broad US market ETF that tracks the S&P Composite 1500 Index. The index combines the S&P 500 (large caps), the S&P MidCap 400 (mid caps) and the S&P SmallCap 600 (small caps), and covers the US stock market as a whole on a market-cap-weighted basis.
It suits long-term core investors who want to diversify across the entire US market with a single ticker.
It is a passively managed (index-tracking) ETF run by State Street.
How Does the SPDR Portfolio S&P 1500 ETF Invest?
| Item | Details |
|---|---|
| Tracked Index | S&P Composite 1500 |
| Management Style | Passive (index tracking) |
| Rebalancing Frequency | Quarterly |
| Dividend Frequency | Quarterly |
| Issuer | State Street |
| Expense Ratio | 0.03% |
The fund tracks the constituents of the S&P Composite 1500 in proportion to their market-cap weights. Rather than holding every stock, it uses a sampling approach, selecting a subset of securities so that the portfolio has risk and return characteristics similar to the index. Rebalancing reflects index changes on a quarterly basis.
- Broad exposure covering large-, mid- and small-cap stocks at once
- Low expense ratio within the core category
SPDR Portfolio S&P 1500 ETF Size and Costs (AUM and Expense Ratio)
Assets under management (AUM) stand at $14.2B, and the expense ratio is 0.03% per year.
Unlike large-cap ETFs that hold only the S&P 500, it also includes mid- and small-cap stocks, offering exposure that comes closer to the US market as a whole.
SPDR Portfolio S&P 1500 ETF Performance and Trends
1-Year Price Performance
Dividend & Yield
52-Week Price RangeThe fund has followed a long-term upward trend alongside US economic growth. Because it includes mid- and small-cap stocks in addition to large caps, it can move somewhat differently from large-cap-only indexes depending on the market phase. Short-term swings are affected by interest rates and earnings season.
Fund flows have been relatively steady, driven by demand for broad core assets. As a member of the low-cost core ETF group, it tends to attract capital held for the long term, and diversification demand can come to the fore in volatile markets.
SPDR Portfolio S&P 1500 ETF Pros and Cons
Broad diversification and a low expense ratio are its strengths. Because of its large weighting in large caps, however, investors should be aware of its exposure to Big Tech volatility.
💪 Key Strengths
⚠️ Points to Watch
Alternative ETFs and Related Products to the SPDR Portfolio S&P 1500 ETF
Of the tickers shown in the table, ITOT and SCHB are lower-cost broad core ETFs that track the total US market, while VXF and IWV offer, respectively, extended mid- and small-cap exposure excluding the S&P 500 and broad exposure based on the Russell 3000. In addition, from the same State Street family, investors can combine SPMD for mid caps and SPSM for small caps to break exposure down more finely, and VTI can also be considered as a total US market core holding.
Peer Comparison ETFs| Ticker | Name | Price | Change | AUM | Total Expense Ratio | Dividend Yield | 1Y |
|---|---|---|---|---|---|---|---|
 ITOT | iShares Core S&P Total U.S. Stock Market ETF | $168.37 | +0.3% | $97.1B | 0.03% | 1% | +12.2% |
 SCHB | Schwab U.S. Broad Market ETF | $29.68 | +0.3% | $45.0B | 0.03% | 1.03% | +12.2% |
 VXF | Vanguard Extended Market Index ETF | $233.59 | +0.4% | $30.4B | 0.05% | 1.04% | +9.4% |
 IWV | iShares Russell 3000 ETF | $437.50 | +0.3% | $20.6B | 0.20% | 0.87% | +12.2% |
 OEF | iShares S&P 100 Fund | $384.24 | +0.4% | $20.5B | 0.20% | 0.85% | +10.8% |
Top Holdings| Ticker | Name | Weight | Price | Change | Market Cap | P/E | Dividend Yield |
|---|---|---|---|---|---|---|---|
 OABI | OmniAb Inc | - | $5.28 | +6.5% | $767.7M | - | - |
| NVDA | NVIDIA Corp | 0.14% | $215.38 | -1.2% | $5.19T | 27.2 | 0.36% |
| AAPL | Apple Inc | 0.12% | $343.83 | -0.9% | $5.02T | 39.4 | 0.32% |
| MSFT | Microsoft Corp | 0.08% | $531.01 | -0.1% | $3.94T | 29.6 | 0.74% |
SPDR Portfolio S&P 1500 ETF Investor Checkpoints
Here are the points to review before investing in SPTM. It is a broad core asset covering the US market as a whole, but it is wise to check costs, top-holding concentration, the scope of market exposure and currency effects before buying.
| Checkpoint | What to Check | Current Status |
|---|---|---|
| 💵 Expense Ratio | Check the cumulative impact over a long holding period | Low |
| 📊 Top Holding Concentration | Trend in large-cap and Big Tech weightings | Heavy large-cap weighting |
| 🧩 Scope of Market Exposure | Check whether large, mid and small caps are included | Broad coverage |
| 💱 Exchange Rate | Impact on returns converted to won | No currency hedge |
Large-cap concentration and exchange rate fluctuations are the main drivers of short-term volatility. Because the fund tracks the US market broadly, investors should note that diversification alone makes it hard to avoid losses during widespread market declines.
It suits investors as a broad core asset that covers the US market as a whole with a single ticker. If you prefer a large-cap focus, compare an S&P 500 core ETF; for total market exposure, compare core ETFs such as ITOT and VTI before choosing.
SubscribeDisclaimer: This content is for informational purposes only and does not constitute investment advice. All investment responsibility lies with the investor.
This article reflects information as of June 21, 2026.
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