SLY ETF — Holdings & Analysis

The SPDR S&P 600 Small Cap ETF (SLY) offers exposure to the small-capitalization segment of the U.S. equity market, tracking the S&P 600 index.

With $1.61 billion in assets under management and an expense ratio of 0.15%, SLY provides a cost-effective way to access a diversified portfolio of 605 small-cap stocks. A key differentiator is its focus on the S&P 600, potentially offering a different risk/return profile compared to broader small-cap ETFs.

SPDR S&P 600 Small Cap ETF (SLY) ETF — Price, Holdings & Analysis

The SPDR S&P 600 Small Cap ETF (SLY) offers exposure to the small-capitalization segment of the U.S. equity market, tracking the S&P 600 index. With $1.61 billion in assets under management and an expense ratio of 0.15%, SLY provides a cost-effective way to access a diversified portfolio of 605 small-cap stocks. A key differentiator is its focus on the S&P 600, potentially offering a different risk/return profile compared to broader small-cap ETFs.

ETF Overview

The fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. In addition, in seeking to track the index, it may invest in equity securities that are not included in the index, cash and cash equivalents or money market instruments, such as repurchase agreements and money market funds. The index measures the performance of the small-capitalization segment of the U.S. equity market.

SLY aims to replicate the performance of the S&P 600 Small Cap Index by investing at least 80% of its assets in the index's constituent securities. This ETF provides investors with exposure to a broad range of small-cap companies across various sectors. The fund may also invest in equity securities not included in the index, cash, cash equivalents, or money market instruments to track the index effectively. SLY's top holdings include Rambus Inc (0.79%), SPS Commerce Inc (0.64%), and Onto Innovation Inc (0.61%). Sector allocation is diverse, with significant exposure to Industrials (17.7%), Technology (15.3%), and Financial Services (14.2%). This ETF is suitable for investors seeking diversified exposure to the small-cap segment of the U.S. equity market and those looking to complement their existing large-cap or mid-cap holdings. SLY's strategy offers a focused approach to capturing the potential growth of smaller companies.

Risk Metrics

SLY, while diversified across 605 holdings, still carries inherent risks associated with small-cap investing. Small-cap stocks can be more volatile than large-cap stocks, leading to potentially larger price swings. The ETF's sector allocation introduces sector-specific risk, with notable concentrations in Industrials, Technology, and Financial Services. A downturn in these sectors could negatively impact the fund's performance. With a beta of 0.99, SLY's volatility is similar to the broader market. The expense ratio of 0.15% creates a minor drag on performance, but it is relatively low compared to actively managed funds. their may be worth researching risk tolerance and investment horizon before investing in SLY, understanding that small-cap investments can be more sensitive to economic fluctuations and market sentiment. Past performance does not guarantee future results.

Expense Ratio

0.15%

What does SLY hold?

Holding	Weight
Rambus Inc (RMBS)	0.79%
SPS Commerce Inc (SPSC)	0.64%
Onto Innovation Inc (ONTO)	0.61%
Comfort Systems USA Inc (FIX)	0.61%
e.l.f. Beauty Inc (ELF)	0.60%
Axcelis Technologies Inc (ACLS)	0.59%
Ensign Group Inc (ENSG)	0.57%
Applied Industrial Technologies Inc (AIT)	0.54%
Merit Medical Systems Inc (MMSI)	0.54%
Asbury Automotive Group Inc (ABG)	0.53%

How Is the Fund Allocated?

Sector	Weight
Industrials	17.7%
Technology	15.3%
Financial Services	14.2%
Consumer Cyclical	13.8%
Healthcare	11.1%
Real Estate	8.2%
Consumer Defensive	5.8%
Basic Materials	4.8%
Energy	4.2%
Communication Services	2.5%
Utilities	2.4%
Cash & Others	0.0%

Country	Weight
United States	97.4%
Cayman Islands	0.6%
Bermuda	1.0%
Singapore	0.3%
Canada	0.3%
United Kingdom	0.2%
Netherlands	0.2%

Dividend Yield

1.71%

Invesco QQQ Trust, Series 1 (QQQ) — 0.18% expense ratio
State Street Technology Select Sector SPDR ETF (XLK) — 0.08% expense ratio
State Street SPDR Dow Jones Industrial Average ETF Trust (DIA) — 0.16% expense ratio
iShares Russell 2000 ETF (IWM) — 0.19% expense ratio
State Street Financial Select Sector SPDR ETF (XLF) — 0.08% expense ratio
State Street Energy Select Sector SPDR ETF (XLE) — 0.08% expense ratio
iShares MSCI Emerging Markets ETF (EEM) — 0.72% expense ratio
iShares MSCI EAFE ETF (EFA) — 0.32% expense ratio

State Street Financial Select Sector SPDR ETF (XLF) (Equity) — 0.08% expense ratio
State Street SPDR Dow Jones Industrial Average ETF Trust (DIA) (Equity) — 0.16% expense ratio
State Street SPDR S&P 500 ETF (SPY) (Equity) — 0.09% expense ratio
State Street Energy Select Sector SPDR ETF (XLE) (Equity) — 0.08% expense ratio
State Street Technology Select Sector SPDR ETF (XLK) (Equity) — 0.08% expense ratio
State Street SPDR S&P Biotech ETF (XBI) (Equity) — 0.35% expense ratio

Risk Metrics

Beta: 0.99

Questions & Answers

What is SLY and what does it track?

SLY is the SPDR S&P 600 Small Cap ETF. It aims to track the performance of the S&P 600 Small Cap Index, which represents the small-capitalization segment of the U.S. equity market.

The fund invests substantially all, but at least 80%, of its total assets in the securities comprising the index.

What is the expense ratio for SLY?

The expense ratio for SLY is 0.15%. This means that for every $10,000 invested in the fund, $15 is used to cover the fund's operating expenses annually.

While there isn't a definitive category average for small-cap ETFs, the expense ratio is considered competitive within the small-cap ETF landscape.

What are the top holdings in SLY?

As of 2026-03-15, the top holdings in SLY are: Rambus Inc (RMBS) at 0.79%, SPS Commerce Inc (SPSC) at 0.64%, Onto Innovation Inc (ONTO) at 0.61%, Comfort Systems USA Inc (FIX) at 0.61%, and e.l.f. Beauty Inc (ELF) at 0.60%.

These holdings represent a relatively small portion of the overall portfolio, indicating a fairly well-diversified fund.

Is SLY a good long-term investment?

Whether SLY is a suitable long-term investment depends on an individual's investment goals, risk tolerance, and time horizon. SLY provides exposure to the small-cap segment of the U.S.

equity market, which can offer growth potential but also comes with higher volatility. The fund's expense ratio of 0.15% is relatively low, which can benefit long-term returns. SLY's dividend yield is 1.71%.

How does SLY compare to similar ETFs?

SLY competes with other small-cap ETFs, particularly those tracking the Russell 2000 index. SLY tracks the S&P 600 Small Cap Index, while others track the Russell 2000. SLY has an AUM of $1.61 billion and an expense ratio of 0.15%.

These metrics are important to consider when comparing SLY to its peers.

Does SLY pay dividends?

Yes, SLY does pay dividends. As of 2026-03-15, the dividend yield for SLY is 1.71%. This means that investors can expect to receive approximately 1.71% of the fund's net asset value annually in dividend payments.

The dividend yield can fluctuate based on the performance of the underlying holdings and the fund's distribution policy. Dividends are typically paid quarterly, but investors should consult the fund's official documentation for specific payment schedules.