SPYG ETF Explained: Returns, Expense Ratio, Holdings and Alternative ETFs
The SPDR Portfolio S&P 500 Growth ETF (SPYG) provides exposure to large-cap US growth stocks with strong revenue growth and momentum. Its low expense ratio is its main strength, and differences in fees and fund manager versus peer growth ETFs such as IVW and VUG are the key selection criteria.
SubscribeWhat Is the SPDR Portfolio S&P 500 Growth ETF?
It is an ETF of large-cap US growth stocks that tracks the S&P 500 Growth Index. From the S&P 500 universe, it selects stocks with strong growth indicators such as revenue growth, earnings change and momentum, and holds them weighted by market capitalization.
It suits long-term investors who want concentrated exposure to large-cap US growth stocks at a low fee.
It is a passively managed (index-tracking) ETF run by State Street.
How Do You Invest in the SPDR Portfolio S&P 500 Growth ETF?
| Item | Details |
|---|---|
| Tracked index | S&P 500 Growth Index |
| Management style | Passive (index tracking) |
| Rebalancing frequency | Once a year (per the index) |
| Dividend frequency | Quarterly |
| Fund manager | State Street |
| Expense ratio | 0.04% |
The fund tracks an index that selects stocks within the S&P 500 with strong growth characteristics, such as revenue growth, earnings change relative to price and momentum. To manage tracking error, it uses a sampling approach, holding a subset of securities that represents the index constituents.
- Exposure limited to the growth style within the S&P 500
- Fees lower than the average for core ETFs
SPDR Portfolio S&P 500 Growth ETF Size and Costs (AUM and Management Fee)
Assets under management (AUM) are $55.5B, and the expense ratio is 0.04% per year.
Compared with IVW in the same S&P 500 growth category, it tends to have an edge on fees, while the two differ in fund manager and liquidity.
SPDR Portfolio S&P 500 Growth ETF Performance and Trends
1-Year Price Performance
Dividend & Yield
52-Week Price RangeBecause of its high weighting in growth stocks, it responds sensitively to moves in the technology and consumer growth sectors. Volatility tends to widen with interest rates and earnings seasons, and its relative strength versus value stocks varies over time.
Fund flows have been steady, driven by demand for core large-cap growth exposure. When risk appetite rises, money tends to flow into the growth style, and in defensive phases it can shift toward value and dividend styles.
SPDR Portfolio S&P 500 Growth ETF Pros and Cons
Its strengths are a low fee and a concentrated growth-style focus, while its weaknesses are volatility during periods of value-stock weakness and a heavy tilt toward its top holdings.
💪 Key Strengths
⚠️ Points to Watch
SPDR Portfolio S&P 500 Growth ETF Alternative ETFs and Related Products
IVW, shown in the table, tracks the same S&P 500 Growth Index and is a direct substitute, while VUG, SCHG and VONG are large-cap growth ETFs that use different indexes and have different fund managers. It can also help to consider SPYV (S&P 500 Value), which offers exposure to the opposite style from growth, or SPY, a core fund covering the broad market, to balance your style exposure.
Peer Comparison ETFs| Ticker | Name | Price | Change | AUM | Total Expense Ratio | Dividend Yield | 1Y |
|---|---|---|---|---|---|---|---|
 VUG | Vanguard Morningstar Growth ETF | $85.06 | -3.0% | $227.5B | 0.03% | 0.41% | +2.8% |
 IWF | iShares Russell 1000 Growth ETF | $117.61 | -2.9% | $123.9B | 0.18% | 0.37% | -2.8% |
 IVW | iShares S&P 500 Growth ETF | $134.46 | -2.7% | $76.8B | 0.18% | 0.36% | +8.1% |
 SCHG | Schwab U.S. Large-Cap Growth ETF | $34.32 | -2.5% | $63.3B | 0.04% | 0.41% | +3.4% |
 VONG | Vanguard Russell 1000 Growth Index ETF | $121.09 | -2.9% | $46.1B | 0.06% | 0.48% | -2.8% |
Top Holdings| Ticker | Name | Weight | Price | Change | Market Cap | P/E | Dividend Yield |
|---|---|---|---|---|---|---|---|
| NVDA | NVIDIA Corp | 0.28% | $204.64 | -4.2% | $4.93T | 25.9 | 0.38% |
| MSFT | Microsoft Corp | 0.17% | $521.91 | -1.6% | $3.88T | 27.3 | 0.74% |
| AAPL | Apple Inc | 0.12% | $344.63 | -1.2% | $5.03T | 39.5 | 0.32% |
| GOOG | Alphabet Inc | 0.06% | $278.22 | -1.4% | $3.41T | 14.5 | 0.31% |
| GOOGL | Alphabet Inc | 0.06% | $279.84 | -1.4% | $3.41T | 14.6 | 0.31% |
| AVGO | Broadcom Inc | 0.10% | $326.08 | -5.5% | $1.56T | 41.6 | 0.8% |
SPDR Portfolio S&P 500 Growth ETF Investor Checkpoints
Here are the points to review before investing in SPYG. It is a core-type ETF that offers low-cost exposure to large-cap US growth stocks, but growth-style concentration, top-holding concentration and currency exposure are items to check before buying.
| Checkpoint | What to Check | Current Status |
|---|---|---|
| 💵 Expense ratio | Check the cumulative cost impact over a long holding period | Low |
| 📊 Style concentration | Growth-stock tilt and the impact of periods when value stocks are weak | Growth-focused |
| 🏢 Top-holding concentration | Trend in the weighting of large-cap growth stocks | Large weighting in mega-caps |
| 💱 Exchange rate | Impact on returns when converted to Korean won | Not currency hedged |
Growth-style concentration and top-holding concentration are the main drivers of short-term volatility. In periods of rising interest rates or value-stock strength, the fund can underperform the market, so investors should be wary of relying on a single style.
It is a suitable choice for long-term investors who want low-cost exposure to large-cap US growth stocks. If you want style balance, you can consider allocating alongside a value ETF or a core ETF covering the broad market.
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 20, 2026.
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