The Complete History of the SPY

本帖于 2013-07-27 11:01:10 时间, 由普通用户 snowboy128 编辑

 

The Complete History of the SPY

by on July 25, 2013 | ETFs Mentioned:

 

The S&P 500 SPDR (SPY, A) is the oldest and best-known exchange-traded fund. Here’s a quick primer on the history of SPY, by the numbers:

Vital Stats

Below are some stats that put SPY into perspective:

  • Oldest U.S.-listed ETF (launched 1993)
  • Largest U.S. listed ETF ($141.6 billion in AUM)
  • Most Heavily Traded U.S. listed ETF (ADV of 118.8 million shares)

Year by Year

Between its first full year of trading in 1994 and 2012, SPY has turned in 15 positive annual performances and lost ground in four years:

Annual Return of SPYSPY Return1994199619982000200220042006200820102012-40-2002040Year

Combined together, that translates into an aggregate performance of about 331% between inception and June 30, 2013:

MonthlyPrice ofSPY 01/29/199310/03/199407/01/199604/01/199801/03/200010/01/200107/01/200304/01/200501/03/200710/01/200807/01/201004/02/2012050100150200

Best and Worst Runs

Though not as volatile as many other equity ETFs, SPY has experienced some big swings over the years:

SPY's Best & Worst Single SessionsOne DayReturns10/15/0812/1/089/29/0911/20/0810/27/9711/13/0811/24/083/23/0910/28/0810/13/08-16-80816Date

Visualized another way, here’s a look at the daily performance of SPY since its inception (note the significant increase in volatility throughout 2008 and 2009):

SPY Daily VolatilityHere’s yet another way to look at the daily historical volatility of SPY:

SPY Movement Per Session1% or Less1% to 3%3% to 5%5% or More 25.7% 71.4%

To put the volatility of the recent recession and recovery in perspective, here’s that same chart for 2008 and 2009 only:

SPY Movement in 2008 and 20091% or Less1% to 3%3% to 5%5% or More 8.5% 36.6% 51.1%

Of the 29 sessions in which SPY has moved by 5% or more, here’s the chronological breakdown:

Number of Sessions SPY Has Moved Over 5% per YearNumber of5% or OverSessions199319951997199920012003200520072009201105101520Year

Over one week (five session) periods, SPY has gained as much as 19.4% and lost as much as 19.8% of its value:

SPY Best & Worst 5 Session ReturnsFive DayReturns10/10/0810/9/0811/20/0810/8/0810/27/0812/12/083/16/097/30/0211/3/0811/28/08-20-1001020Date

Here’s a look at SPY’s biggest swings over a 10-session period of time:

SPY Best & Worst 10 Session ReturnsFive DayReturns10/10/0810/9/0810/15/0810/8/0810/27/0812/8/083/19/0910/23/0212/5/083/23/09-40-2002040Date

Fun Facts

  • With $145.44 billion in assets, SPY represents about 9.7% of the total ETF universe
  • Since inception, more than 411 billion shares of SPY have been traded
  • Approximately 25.7 million shares, or 3% of total shares outstanding, trade hands every day

Dividend History

Here’s a look at every dividend SPY has paid since its launch, as well as the yield based on the stock price at the time:

Dividends of SPYDividendYield 6/20/199712/18/19986/16/200012/21/20016/20/200311/15/20043/17/20069/21/20073/20/20099/17/20103/16/201201234DateAmount

Expenses

SPY charges an annual management fee of 0.09%, making it one of the cheapest ETFs out there. With assets of 149.6 billion, that means SPY generates about $141 million annually, or about $16,000 every hour.

 

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