SPSM ETF — State Street SPDR Portfolio S&P 600 Small Cap ETF

State Street SPDR Portfolio S&P 600 Small Cap ETF (SPSM)

Updated October 2, 2026.

SPSM is a low-cost ETF. its distribution rate is 1.63%, its trailing-12-month yield is 1.53%, its expense ratio is 0.03%. Dividend Vision Distribution Safety Score™ is 94/100 (Safe). Total return is 234.1% over the past 13.2 years, 248.6 points behind SPY at 482.7%.

At the current 1.63% distribution rate, a $10,000 investment would generate approximately $163 per year, or about $40.75 per quarter if the next payment matches the last regular one.

State Street SPDR Portfolio S&P 600 Small Cap ETF tracks the S&P 600 index, which measures the performance of small-capitalization U.S. stocks, and invests at least 80% of its assets in the securities that comprise this index. The fund has a modest current distribution rate and distributes quarterly, with a very low expense ratio of 0.03%. This ETF appeals to investors seeking broad exposure to small-cap equities with minimal costs.

SPSM performance versus SPY

Price and return data through 2026-10-02.

Total return is 234.1% over the past 13.2 years, 248.6 points behind SPY at 482.7%. Over the past year its total return — price change plus distributions reinvested — is 17.4%. Its deepest 1-year drawdown was 9.2%.

SPSM key facts

Distribution Safety Score™

94 · Safe

Safety-Adjusted Yield

1.53%

Issuer

State Street

Asset type

ETF

Asset class

Equity

Inception date

07/08/2013

Expense ratio

0.03%

Distribution rate

1.63%

Distribution frequency

Quarterly

Trailing yield

1.53%

Last close

$53.84 (as of 2026-10-02)

AUM

$15,904,369,782

Average volume

3182000.0

Last dividend

$0.22

Last ex-dividend date

09/21/2026

Last payment date

09/23/2026

Beta

1.05

P/E ratio

17.1339

How Dividend Vision calculates yield and returns

Distribution rate (1.63%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (1.53%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: State Street or company page; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

SPSM risks and drawbacks

SPSM's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are quarterly, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 9.2%.

Who may consider SPSM — and who may not

SPSM may suit someone looking for low-cost broad dividend exposure, a high Distribution Safety Score. It is a weaker fit for investors who need monthly cash flow (SPSM pays quarterly); investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

Frequently asked questions

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