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State Street® SPDR® S&P® 500 UCITS ETF (Dist)Index, costs, backtest, listings and taxation

ISIN: IE00B6YX5C33Ticker: SPY5 (Borsa Italiana) · SPY5 (Xetra) · SPY5 (London SE) · SPY5 (Euronext Paris) · SPY5 (SIX)Issuer: SPDR
Issuer-declared data
TER
0.03%
Transaction costs
0.00% (issuer estimate, from the KID)
Management
Passive (index-tracking) (from the KID)
Replication
Income policy
SFDR
Article 6 — does not promote specific ESG characteristics — inferred (issuer documents do not declare art. 8/9) what does it mean?
Fund assets
37.6 bn EUR
NAV
768.29 USD (30 August 2026)
Domicile
Ireland
Inception date
18 March 2012
Data as declared by SPDR in the issuer’s official files and endpoints · collected on 2 September 2026 (monthly refresh). Facts only, no recommendation.
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Description

State Street® SPDR® S&P® 500 UCITS ETF (Dist) tracks the issuer-declared index: S&P 500<sup>®</sup> Index. The declared annual cost (TER) is 0.03%, plus 0.00% in transaction costs estimated by the issuer in the KID. Replication is full physical replication (declared as “Replicated” by the issuer); income is distributed to investors. The fund has assets of about 37.6 billion euro, was launched on 18 March 2012 and is domiciled in Ireland.

The fund’s objective — in the issuer’s words

Investment objective The objective of the Fund is to track the U.S. equity market performance of large cap equity securities. The Fund seeks to track the performance of the S&P 500 Index (the "Index") as closely as possible. The Fund is an index tracking fund (also known as a passively managed fund). Investment policies The Fund invests primarily in securities included in the Index. These securities include the top 500 companies in the U.S. equity market. The Fund seeks to hold all the securities of the Index with the approximate weightings as in that Index. Although the Index is generally well diversified, to enable the Fund to track the Index accurately, the Fund will make use of the increased diversification limits available under the UCITS Regulations, which permit it to hold positions in individual constituents of the Index issued by the same body of up to 20% of the Fund's net asset value. The Fund will use a replication strategy to create a near mirrorimage of the Index. In limited circumstances the Fund may purchase securities that are not included in the Index. The Fund may use financial derivative instruments (that is, financial contracts whose prices are dependent on one or more underlying assets) in order to manage the portfolio efficiently. Save in exceptional circumstances, the Fund will generally only issue and redeem shares to certain institutional investors. However, Shareholders may redeem shares on any UK business day (other than days on which relevant financial markets are closed for business and/or the day preceding any such day provided that a list of such closed market days will be published for the Fund on www.ssga.com); and any other day at the Directors' discretion (acting reasonably) provided Shareholders are notified in advance of any such days. Any income earned by the Fund will be paid to shareholders in respect of the shares. The Shares of the USD Class are issued in U.S. Dollar. Index Source: The Index is a trademark of S&P Global Inc., or its affiliates, and have been licensed for use by S&P Dow Jones Indices LLC ("S&P") and sub-licensed for use to State Street Investment Management ("State Street"). The Fund is not sponsored, endorsed, sold or promoted by S&P, its affiliates, or its third party licensors. Please see the Prospectus for the full index disclaimer.

Keep reading the KID section ▾

Intended retail investorThis Fund is intended for investors who plan to stay invested for at least 5 years and are prepared to take on a medium-high level of risk of loss to their original capital in order to get a higher potential return. It is designed to form part of a portfolio of investments. Practical information Depositary The Fund depositary is State Street Custodial Services (Ireland) Limited.

From the KID’s “Objectives” section · 5 August 2026 · original document ↓
Text generated from the data the issuer declares in official product lists. No recommendation.

Quick reads

  • TER 0.03%: below the median of equity ETFs we track (0.22%).
  • Assets larger than 99% of equity ETFs we track.
Comparisons computed by Rebalix on the declared data in our census; they describe the past and are not indicative of future results.

Official documents

Key Information Document (KID)PDF in English, from the issuer’s site — always the latest filed versionProspectusPDF in English, from the issuer’s site — the fund’s full legal documentFactsheetPDF in English, from the issuer’s site — the fund’s monthly snapshot
The KID is the document the law requires you to read before investing: 3 pages covering risks, costs and scenarios. The link opens the issuer’s published PDF.

Fund performance

issuer-declared net asset value (NAV) · USD · from Mar 2012 to Sept 2026
Compare with another ETF
Only funds we hold a history for. Three at a time, at most.
Return
+570.0%
Annualised
+14.1%
Volatility (ann.)
16.7%
Max drawdown
-33.78%
-12%+142%+295%+448%+602%Mar 2012Nov 2015Jun 2019Jan 2023Sept 2026The break-even line: the value at the start of the period. Above it you are in gain, below in loss.break-even (0%)+570%Mar 2012Sept 2026
Note — currency risk: the fund is denominated (or hedged) in USD and the chart is in USD. For a euro investor, returns also depend on the EUR/USD exchange rate, up or down.
Tip: drag across the chart to zoom into a period.

Drawdown — distance from previous peak

This isn’t the return: it shows how far the fund is below its previous peak. 0% = you’re at the peak; below zero = how much you’re down and haven’t recovered yet.
0%-10%-20%-30%-40%-50%20122014201620182020202220242026−33.78% · 23 Mar 2020
Max drawdown
-33.78%
peak → trough
Trough
23 Mar 2020
from the 19 Feb 2020 peak
Recovery time
142 days
recovery only: trough to break-even · ≈ 5 months
Underwater
175 days
decline + recovery: peak to break-even · ≈ 6 months · → recovered on 12 Aug 2020

The five worst falls in the period

From the peak ofTroughDepthBack to break-evenDays underwater
19 Feb 202023 Mar 2020-33.78%12 Aug 2020175
04 Jan 202212 Oct 2022-24.61%13 Dec 2023708
20 Sept 201824 Dec 2018-19.41%12 Apr 2019204
19 Feb 202508 Apr 2025-18.76%26 Jun 2025127
20 Jul 201511 Feb 2016-13.10%19 Apr 2016274

Calendar-year returns

2016
11.5%
2017
21.4%
2018
-4.7%
2019
30.9%
2020
18.0%
2021
28.3%
2022
-18.4%
2023
25.9%
2024
24.7%
2025
17.6%
2026
12.7%

Month-by-month returns

JanFebMarAprMayJunJulAugSeptOctNovDecYear
20261.4-0.8-5.010.55.2-1.0-0.12.7-0.212.7
20252.8-1.3-5.7-0.76.35.12.22.03.62.30.20.017.6
20241.75.33.2-4.14.93.61.22.42.1-0.95.8-2.424.7
20236.3-2.53.61.50.46.63.2-1.6-4.8-2.19.14.525.9
2022-5.2-3.03.7-8.70.1-8.39.2-4.1-9.28.15.5-5.8-18.4
2021-1.02.74.45.30.72.32.43.0-4.77.0-0.74.528.3
2020-0.1-8.2-12.412.84.72.05.67.1-3.8-2.710.93.818.0
20198.03.21.94.0-6.47.01.4-1.61.92.13.63.030.9
20185.7-3.7-2.60.42.40.63.73.20.5-6.82.0-9.0-4.7
20171.93.90.11.01.40.62.00.32.02.33.01.121.4
2016-5.0-0.16.70.41.70.23.70.1-0.0-1.83.71.911.5
2015-3.05.7-1.60.91.2-2.02.1-5.3-3.38.40.3-1.60.9
2014-3.54.50.80.72.32.0-1.43.9-1.42.42.6-0.313.2
20135.11.33.71.92.3-1.45.0-2.93.14.63.02.531.7
2012-0.6-6.04.11.42.22.5-1.90.50.92.6
From month-end NAVs, over the fund’s full history, on the series shown in the chart (dividends reinvested where declared). Deeper colour = larger move.
Issuer-declared series with dividends reinvested: the total performance, comparable with accumulating funds. Switch it off to see the price (NAV) alone, which drops at every dividend payment.
Source: SPDR. Issuer-declared historical series; inflation: Eurostat and national statistical institutes, latest available July 2026 — for later days the index stays at the last published value (institutes publish with a few weeks’ lag). The «adjusted for inflation» view expresses value in today’s purchasing power for the selected country; volatility always stays nominal, as elsewhere on the site (deflating it would add artificial swings caused by the monthly cadence of the price index). Past performance is not indicative of future results: these are facts, not a recommendation.

Tracking difference — issuer-declared

How much the fund returned above (+) or below (−) its index, year by year. It measures the actual deviation: the combined effect of costs (TER and transaction), securities-lending revenue and replication optimisations — which is why it can beat the TER. Tracking difference was positive in 9 of the last 9 calendar years: a past observation, not an indication of future outperformance.
Average TD (last 3 years)
+0.19% /anno
Declared TER
0.03%
YearFundIndexDifference
2025+17.59%+17.43%+0.16%
2024+24.72%+24.50%+0.21%
2023+25.86%+25.67%+0.19%
2022-18.36%-18.51%+0.15%
2021+28.32%+28.16%+0.17%
2020+17.97%+17.75%+0.22%
2019+30.93%+30.70%+0.23%
2018-4.72%-4.94%+0.23%
2017+21.35%+21.10%+0.25%
Figures declared by the issuer on the fund page (net fund and index returns per calendar year, as of 31 July 2026), not computed by us. Partial years excluded. What is tracking difference? →

Risk indicators· EUR

Last yearLast 3 yearsLast 5 yearsLast 10 yearsFull history
Volatility (ann.)12.62%15.71%17.80%18.93%17.91%
Max drawdown-7.71%-22.81%-22.81%-34.06%-34.06%
Sharpe1.320.840.550.660.73
Sortino1.931.190.790.941.04
Computed from the daily NAV series, always in nominal terms. Sharpe and Sortino use the ECB main refinancing rate averaged over the period (last year: 2.20%), weighted by days in force, as the risk-free rate. Same formulas as our public methodology: sample standard deviation annualised over 252 days; Sortino with downside deviation. Past performance is not indicative of future results. Figures in EUR — series converted day by day at ECB reference rates; the table follows the currency selected in the chart.

Portfolio holdings

Securities in portfolio
505
Top-10 weight
37.9%

Top 10 holdings

NVIDIA Corporation
8.02%
Apple Inc.
7.27%
Microsoft Corporation
5.67%
Amazon.com Inc.
3.80%
Alphabet Inc. Class A
2.99%
Broadcom Inc.
2.67%
Alphabet Inc. Class C
2.39%
Meta Platforms Inc Class A
1.94%
Micron Technology Inc.
1.60%
Tesla Inc.
1.53%

Sectors

Information Technology
37.8%
Financials
12.3%
Communication Services
9.5%
Health Care
9.4%
Consumer Discretionary
9.0%
Industrials
8.3%
Consumer Staples
4.5%

Countries

AfghanistanAngolaAlbaniaUnited Arab EmiratesArgentinaArmeniaFrench Southern and Antarctic LandsAustraliaAustriaAzerbaijanBurundiBelgiumBeninBurkina FasoBangladeshBulgariaThe BahamasBosnia and HerzegovinaBelarusBelizeBoliviaBrazilBruneiBhutanBotswanaCentral African RepublicCanadaSwitzerlandChileChinaIvory CoastCameroonDemocratic Republic of the CongoRepublic of the CongoColombiaCosta RicaCubaCyprusCzech RepublicGermanyDjiboutiDenmarkDominican RepublicAlgeriaEcuadorEgyptEritreaSpainEstoniaEthiopiaFinlandFijiFalkland IslandsFranceGabonUnited KingdomGeorgiaGhanaGuineaGambiaGuinea BissauEquatorial GuineaGreeceGreenlandGuatemalaFrench GuianaGuyanaHondurasCroatiaHaitiHungaryIndonesiaIndiaIrelandIranIraqIcelandIsraelItalyJamaicaJordanJapanKazakhstanKenyaKyrgyzstanCambodiaSouth KoreaKosovoKuwaitLaosLebanonLiberiaLibyaSri LankaLesothoLithuaniaLuxembourgLatviaMoroccoMoldovaMadagascarMexicoMacedoniaMaliMyanmarMontenegroMongoliaMozambiqueMauritaniaMalawiMalaysiaNamibiaNew CaledoniaNigerNigeriaNicaraguaNetherlandsNorwayNepalNew ZealandOmanPakistanPanamaPeruPhilippinesPapua New GuineaPolandPuerto RicoNorth KoreaPortugalParaguayQatarRomaniaRussiaRwandaWestern SaharaSaudi ArabiaSudanSouth SudanSenegalSolomon IslandsSierra LeoneEl SalvadorSomaliaRepublic of SerbiaSurinameSlovakiaSloveniaSwedenSwazilandSyriaChadTogoThailandTajikistanTurkmenistanEast TimorTrinidad and TobagoTunisiaTurkeyTaiwanUnited Republic of TanzaniaUgandaUkraineUruguayUnited States of America: 100%UzbekistanVenezuelaVietnamVanuatuWest BankYemenSouth AfricaZambiaZimbabwe
up to 1%1–5%5–15%15–30%over 30%
Hover a country for its percentage.
Top 7 countries
United States100%
⬇ Download the full portfolio — Excel, 505 rows
Full portfolio declared by SPDR, as of 31 August 2026: this is the summary. Percentages may not sum to 100 due to cash, derivatives and rounding.
Fund historyFund-assets (AUM) chart year by year and monthly basket snapshots.Open the history →

Dividends

Frequency
Quarterly
Latest dividend
1.8276 USD
ex 22 Jun 2026 · paid 30 Jun 2026
Dividends, last 12 months
6.88 USD
Dividend yield
0.90%
12-month sum over the NAV as of 2 Sept 2026

Yield by year

PeriodDividendsDividend yield
1 year6.88 USD1.07 %
20256.68 USD1.14 %
20246.27 USD1.32 %
20235.68 USD1.48 %
20225.35 USD1.12 %
20214.72 USD1.26 %

Dividend contribution to total return

-20%-10%0%10%20%30%+20.50 %1 year+17.49 %2025+24.63 %2024+25.72 %2023−18.35 %2022+28.17 %2021
dividendsprice changeprice decline

Calendar per share (USD)

YearJanFebMarAprMayJunJulAugSepOctNovDec
20261.691.83
20251.641.681.701.66
20241.541.631.521.58
20231.341.461.391.50
20221.241.381.341.40
20211.101.211.181.23
20201.301.211.121.14
20190.891.381.161.21
20181.011.081.231.12
20170.981.011.081.01
20160.960.900.900.95
20150.910.850.870.93
20140.780.710.760.86
20130.610.720.690.71
20120.460.660.76

Latest dividends

Per shareEx-dividend dateRecord datePayment
1.8276 USD22 Jun 202623 Jun 202630 Jun 2026
1.6945 USD23 Mar 202624 Mar 202631 Mar 2026
1.6626 USD22 Dec 202523 Dec 202531 Dec 2025
1.6973 USD22 Sept 202523 Sept 202530 Sept 2025
1.6814 USD23 Jun 202524 Jun 20251 Jul 2025
1.6414 USD24 Mar 202525 Mar 20251 Apr 2025
1.5803 USD20 Dec 202423 Dec 202431 Dec 2024
1.5176 USD23 Sept 202424 Sept 20241 Oct 2024
Per-share dividends as declared by the issuer, in USD, since the first payment (15 Jun 2012). Past dividends are not indicative of future ones.

Index tracked

S&P 500<sup>®</sup> Index
This fund belongs to the S&P 500 family: compare all census ETFs in this family →

Italian taxation

Effective rate on capital gains
26.00%
White-list share
0.00%
From the government-bond («white list») share certified by the issuer every semester: 12.5% on that portion, 26% on the rest.
Deep-dive into this fund’s taxation →

Where it shows up commission-free in Italy

According to the official lists published by the brokers (downloaded and cross-checked by us), these share classes of the fund appear tradable with zero fees:

IE000XZSV718SP5A
  • XTBzero (up to €100,000 monthly volume, unreachable for a retail plan); fractions available in plans
IE00BYYW2V44SPXE
  • XTBzero (up to €100,000 monthly volume, unreachable for a retail plan); fractions available in plans
Full terms, traps and method in the observatory: Free savings plans and zero-commission ETFs: the broker survey

Official lists verified on 3 September 2026. We record published terms — this is neither an invitation to open accounts nor a recommendation: lists change, the broker’s documents prevail. Trade Republic, Scalable Capital and Trading 212 publish no per-ISIN lists and don’t appear here.

Stock exchange listings

ExchangeTickerTrading since
Borsa Italiana (ETFplus)SPY512 Apr 2012
Börse DüsseldorfSPY515 Nov 2012
Börse FrankfurtSPY520 Mar 2012
Börse HamburgSPY515 Jan 2014
Börse HannoverSPY521 Dec 2022
Börse München / gettexSPY54 Jul 2014
Börse StuttgartSPY522 Mar 2012
Euronext ParisSPY59 Dec 2014
Tradegate ExchangeSPY527 Jan 2017
Xetra (Deutsche Börse)SPY520 Mar 2012
+ 19 more trading venues (MTFs and professional platforms).
Trading venues from the official ESMA register (FIRDS); per-exchange tickers from the issuer’s tax documents and official listings. A dash “—” = that venue does not publish the item (ticker, currency or start date) in the sources we read. The same fund may trade in different currencies depending on the exchange: check the trading currency with your broker. Non-EU listings (e.g. UK, Mexico) not included.

Frequently asked questions

Which index does State Street® SPDR® S&P® 500 UCITS ETF (Dist) track?
The issuer SPDR declares the benchmark: S&P 500<sup>®</sup> Index.
How much does SPY5 cost?
The issuer-declared TER is 0.03% per year; the transaction costs estimated in the KID are 0.00%.
How is SPY5 taxed in Italy?
On sale, the capital gain is taxed at an effective 26.00% rate (white-list share 0.00%): 12.5% on the government-bond “white list” portion, 26% on the rest.
What is the fund size of SPY5?
The fund size declared by SPDR is about 37.6 billion euro.
When was SPY5 launched?
The fund was launched on 18 March 2012: it has 14 years of history.
How does SPY5 replicate its index?
It is a passively managed ETF: it follows the declared index. Physical (full replication) (issuer wording: “Replicated”).
Does SPY5 pay dividends?
Yes: it is a distributing share class — income is paid out periodically (issuer wording: “Distribution”).
Where does SPY5 trade?
Per the official ESMA register it trades on 10 main exchanges, including Borsa Italiana (ETFplus) (SPY5), Börse Düsseldorf (SPY5), Börse Frankfurt (SPY5), Börse Hamburg (SPY5), Börse Hannover (SPY5), Börse München / gettex (SPY5).
What was SPY5's worst fall?
Over the available history (since 2012), the maximum drawdown was -34.16%, reached in March 2020. Past performance is not indicative of future results.
How many securities does SPY5 hold?
The declared portfolio holds 505 securities; the top 10 positions weigh 37.9%.
Transparency note
The data in this sheet is declared by SPDR in the issuer’s official files and endpoints, collected by Rebalix with a monthly refresh; taxation derives from the issuer’s tax documents (Italian Law Decree 138/2011). This is factual information for informational purposes only: it is not financial or tax advice, nor an investment recommendation. Read the fund’s KID and prospectus before investing.