TER 0.05%below the median of equity ETFs we track (0.23%).≈ computed by Rebalix
Assetslarger than 99% of equity ETFs we track.≈ computed by Rebalix
Information Technology 39.9%first sector from the declared portfolio✓ declared by the issuer
505 rowspublished by the issuer; completeness of the list not declared✓ declared by the issuer
Top 10 = 38.9%of the fund✓ declared by the issuer
Effective rate 26.00%on capital gains for Italian tax residents: from the declared white-list share≈ computed by Rebalix
✓ declared by the issuer · ≈ computed by Rebalix on the declared data in our census. They describe the past and are not indicative of future results.
Description and fund objective
State Street® SPDR® S&P® 500 GBP Hdg UCITS ETF (Dist) tracks the issuer-declared index: S&P 500 GBP Dynamic Hedged Index. The declared annual cost (TER) is 0.05%, plus 0.01% 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 39.9 billion euro, was launched on 25 August 2025 and is domiciled in Ireland.
The fund’s objective — in the issuer’s words
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.
Keep reading the KID section ▾
Intended retail investorAlthough 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. This 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. 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. Depositary The Fund depositary is State Street Custodial Services (Ireland) Limited. This GBP Hedged Class is made available to reduce exchange rate fluctuations between the currency of this Share Class and the currency in which the underlying assets of the Fund are denominated. The Share Class will be hedged back to GBP and consequently should more closely track the corresponding hedged version of the Index (S&P 500 Index). Further information A copy of the Prospectus and latest annual and semi-annual financial report in English and the latest Net Asset Value per Share are available free of charge upon request from www.ssga.com or by writing to the Fund Manager, State Street Global Advisors Europe Limited, 78 Sir John Rogerson's Quay, Dublin 2, Ireland. 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. Practical information
From the KID’s “Objectives” section · KID acquired on 5 August 2026 · original document ↓
Text generated from the data the issuer declares in official product lists. No recommendation.
What has changed in the fund over time
Every month we snapshot the register and the holdings and keep the picture. The history shows how the fund changes, not only what it is today.
issuer-declared net asset value (NAV) · GBP (loading exchange rates) · from Aug 2025 to Oct 2026
Compare with another ETF
Only funds we hold a history for. Three at a time, at most.
Return
+19.3%
Annualised
+16.8%
Volatility (ann.)
12.5%
Max drawdown
-9.02%
26 Aug 2025 → 16 Oct 20261 year and 2 months · +19.3%
Note — currency risk: the fund is denominated (or hedged) in GBP and the chart is in GBP. For a euro investor, returns also depend on the EUR/GBP exchange rate, up or down.
Currency-hedged share class: our figures are computed on the issuer’s NAV, where the hedge is applied at the daily fixing. NAV and exchange prices can differ, so comparison sites using the price may show different returns and volatility: any specific gap can only be judged by comparing the series, dates and method used. Details in the methodology.
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.
Max drawdown
-9.02%
peak → trough
Trough
30 Mar 2026
from the 27 Jan 2026 peak
Recovery time
16 days
recovery only: trough to break-even
Underwater
78 days
decline + recovery: peak to break-even · ≈ 3 months · → recovered on 15 Apr 2026
The five worst falls in the period
From the peak of
Trough
Depth
Back to break-even
Days underwater
27 Jan 2026
30 Mar 2026
-9.02%
15 Apr 2026
78
29 Oct 2025
20 Nov 2025
-5.04%
10 Dec 2025
42
02 Jun 2026
10 Jun 2026
-4.49%
03 Aug 2026
62
13 Aug 2026
16 Sept 2026
-3.07%
06 Oct 2026
54
08 Oct 2025
10 Oct 2025
-2.99%
24 Oct 2025
16
Calendar-year returns
2025
6.2%
launch 25 Aug, series from 26 Aug
2 distributions reinvested
2026
12.4%
3 distributions reinvested
2025: the share class was launched on 25 August 2025 and the available series starts on 26 August 2025; the return runs from that date (not from launch) to 31 December 2025 and is not a full year.
Reinvested series rebuilt by Rebalix from the distributions on file since 22 September 2025: the completeness of the archive is not certified; each year shows how many distributions were reinvested.
Month-by-month returns
2026Year 12.4%
Jan
1.4
Feb
-0.8
Mar
-5.0
Apr
10.2
May
5.4
Jun
-1.0
Jul
-0.1
Aug
2.7
Sept
-0.4
Oct
0.1
Nov
·
Dec
·
2025Year 6.2%(from 26 Aug)
Jan
·
Feb
·
Mar
·
Apr
·
May
·
Jun
·
Jul
·
Aug
·
Sept
3.6
Oct
2.4
Nov
0.2
Dec
0.0
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sept
Oct
Nov
Dec
Year
2026
1.4
-0.8
-5.0
10.2
5.4
-1.0
-0.1
2.7
-0.4
0.1
12.4
2025
3.6
2.4
0.2
0.0
6.2(from 26 Aug)
From month-end NAVs, over the fund’s full history, on the series shown in the chart (dividends reinvested: Rebalix calculation from the declared distributions). Deeper colour = larger move.
Method and sources
Switch on: series with distributions reinvested, rebuilt by Rebalix — the distributions declared by the issuer are reinvested at the NAV on the ex-date. It is the total return, comparable with accumulating classes. Switch off: NAV without reinvestment, which drops at every distribution.
Source: SPDR. Issuer-declared historical series; inflation: Eurostat and national statistical institutes, latest available August 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.
Declared TER
0.05%
Year
Fund
Index
Difference (pt)
2025launch year
+6.20%
+6.20%
+0.00 pt
Figures declared by the issuer on the fund page (net fund and index returns per calendar year, as of 31 August 2026), not computed by us. Partial years excluded. Currency of the declared returns not documented. Launch of the current share class: 25 August 2025. The launch year includes months before the launch. The average and the count of positive years consider only years entirely after the launch. What is tracking difference? →
Windows longer than the available price history cannot be computed and are not shown: they will appear on their own as time passes. 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: 2.25%), 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.
Holdings as published by SPDR, holdings as at 30 September 2026: 505 rows archived by Rebalix, summarised here. Rebalix has no statement from the issuer on the completeness of this list. How Rebalix verifies portfolio holdings →
Dividends
Frequency
Quarterly
Latest dividend
0.0182 GBP
ex 21 Sept 2026 · paid 29 Sept 2026
Dividends, last 12 months
0.08 GBP
Dividend yield
0.88%
12-month sum over the NAV as of 16 Oct 2026
Yield by year
Period
Dividends
Dividend yield
1 year
0.08 GBP
1.02 %
Dividend contribution to total return
dividendsprice changeprice decline
Calendar per share (GBP)
2026Year 0.06 GBP
Jan
·
Feb
·
Mar
0.02
Apr
·
May
·
Jun
0.02
Jul
·
Aug
·
Sep
0.02
Oct
·
Nov
·
Dec
·
2025Year 0.02 GBP
Jan
·
Feb
·
Mar
·
Apr
·
May
·
Jun
·
Jul
·
Aug
·
Sep
0.00
Oct
·
Nov
·
Dec
0.02
Year
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
2026
0.02
0.02
0.02
2025
0.00
0.02
Latest dividends
0.0182 GBP per share
Ex-dividend date21 Sept 2026
Record date22 Sept 2026
Payment29 Sept 2026
0.02 GBP per share
Ex-dividend date22 Jun 2026
Record date23 Jun 2026
Payment30 Jun 2026
0.0186 GBP per share
Ex-dividend date23 Mar 2026
Record date24 Mar 2026
Payment31 Mar 2026
0.0182 GBP per share
Ex-dividend date22 Dec 2025
Record date23 Dec 2025
Payment31 Dec 2025
0.0034 GBP per share
Ex-dividend date22 Sept 2025
Record date23 Sept 2025
Payment30 Sept 2025
Per share
Ex-dividend date
Record date
Payment
0.0182 GBP
21 Sept 2026
22 Sept 2026
29 Sept 2026
0.02 GBP
22 Jun 2026
23 Jun 2026
30 Jun 2026
0.0186 GBP
23 Mar 2026
24 Mar 2026
31 Mar 2026
0.0182 GBP
22 Dec 2025
23 Dec 2025
31 Dec 2025
0.0034 GBP
22 Sept 2025
23 Sept 2025
30 Sept 2025
Per-share dividends as declared by the issuer, in GBP, since the first payment (22 Sept 2025). Past dividends are not indicative of future ones.
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
IE00B6YX5C33SPY5
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
Official lists verified on 15 October 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
Exchanges with a ticker available
Exchange
Ticker
Exchange source
Registered since
London Stock Exchange
SPPGfrom the issuer
issuer’s product list (exchange outside the FIRDS perimeter)
—
from the issuer — ticker declared by the issuer in its product list.
Each row is one exchange: the operator with all its markets and segments (regulated market and Freiverkehr included). “Registered since”: admission date in the ESMA register (FIRDS), not necessarily the first trading day; a dash = date not recorded in the sources.
Other exchanges on record · 1 · show
Exchange
Ticker
Exchange source
Registered since
Cboe Europe (Amsterdam)
not available
ESMA register (FIRDS)
27 Aug 2025
For these exchanges none of the listing sources Rebalix covers provides a ticker; the listing is known from the ESMA register (FIRDS) or declared by the issuer. For Cboe Europe (Amsterdam) the ESMA register records the listing on 2 segments of the same operator, shown as a single row.
+ 2 other trading platforms (platforms for professional participants and segments without admission to listing, such as an exchange operator’s dark books or auctions): they are not exchanges and are not listed.
Exchanges are taken from the official ESMA register (FIRDS) and, where FIRDS does not cover the exchange (London, Zurich) or does not record the current listing, from the issuers’ product lists and documents: the “Exchange source” column says so row by row. Each exchange is a single row, with all its markets and segments. Tickers come from the issuers’ product lists and tax documents or, where indicated, from ISIN→exchange mapping under the open FIGI standard (OpenFIGI). Activity on a dark book, an auction or an ancillary platform does not prove a listing on the exchange that operates it. Rebalix mainly covers venues in the European Economic Area, Switzerland and the United Kingdom: when the issuer declares current listings in other jurisdictions too, they appear with their source, outside the ESMA register perimeter. Terminated or cancelled listings are not shown. The same fund may trade in different currencies depending on the exchange: check the trading currency with your broker.
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.
Frequently asked questions
Which index does State Street® SPDR® S&P® 500 GBP Hdg UCITS ETF (Dist) track?
The issuer SPDR declares the benchmark: S&P 500 GBP Dynamic Hedged Index.
How much does SPPG cost?
The issuer-declared TER is 0.05% per year; the transaction costs estimated in the KID are 0.01%.
How is SPPG 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 SPPG?
The fund size declared by SPDR is about 39.9 billion euro.
When was SPPG launched?
The fund was launched on 25 August 2025: it has 1 year of history.
How does SPPG replicate its index?
It is a passively managed ETF: it follows the declared index. Physical (full replication) (issuer wording: “Replicated”).
Does SPPG pay dividends?
Yes: it is a distributing share class — income is paid out periodically (issuer wording: “Distribution”).
What was SPPG's worst fall?
Over the available history (since 2025), the maximum drawdown was -9.25%, reached in March 2026. Past performance is not indicative of future results.
How many positions does SPPG publish?
The list published by the issuer and archived by Rebalix has 505 rows; the top 10 weigh 38.9%. The issuer does not declare the list as complete: rows are reported as published, weights included, even where a position has zero weight.
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.