State Street SPDR Portfolio S&P 600 Small Cap ETF (SPSM) is a US small-cap ETF. As of October 28, 2026, ETF Copilot scores SPSM 3.2 out of 10 — highest on Value (5.0), lowest on Quality (1.2). It trades at 17.4 times earnings, against its own median of 17.0. Its ten largest holdings are 5% of the fund.
What stands out in SPSM's data
U.S. small-cap equities, weighted by market size.
Earns more on its operations than the typical small-cap fund — a sign of healthier underlying businesses.
EBITDA margin of 21.0% is above the peer median of 20.3% and its own five-year median of 19.2%, while the 0.03% expense ratio and 606 holdings keep costs and breadth favorable.
A broad small-cap core that pairs with larger holdings for full market coverage.
Why did SPSM move this week? It rose 1.4% in the week to October 28, 2026 — Viasat and Herc drove it
SPSM rose 1.4% in the week to October 28, 2026. The holdings that moved it most were Viasat (+25.0%), Herc (+26.1%) and Tenable (+19.8%); Match (−9.2%) pushed the other way.
How is SPSM rated? ETF Copilot scores State Street SPDR Portfolio S&P 600 Small Cap ETF (SPSM) 3.2 out of 10
As of October 28, 2026, ETF Copilot scores State Street SPDR Portfolio S&P 600 Small Cap ETF (SPSM) 3.2 out of 10 overall.
ETF Copilot scores (0–10 scale, higher is better):
- Overall: 3.2 / 10
- Growth: 2.1 / 10
- Value: 5.0 / 10
- Risk: 3.5 / 10
- Quality: 1.2 / 10
- Return: 4.2 / 10
Is SPSM expensive right now? It trades at 17.4 times earnings, against its own median of 17.0
As of October 28, 2026, SPSM is more expensive than 61% of its own last 9 years.
Trailing 12 months, built from SPSM's holdings. How we calculate this →
What's inside SPSM? 15% Tech
What's inside SPSM: Size (Large 0%, Mid 31%, Small 69%); Geography (International 2%, US 98%); Tech 15.4%; AI 0.1%; Semiconductors 2.5%; Memory 0.5%.
What are SPSM's top holdings? The ten largest are 5% of the fund
Glaukos, Match, Paycom Software, SM Energy, Viasat, Protagonist Therapeutics, Ryman Hospitality Properties, Life Time, Jackson Financial and TG Therapeutics are SPSM's largest holdings, in that order.
Less concentrated than 56% of US Small Cap ETFs.
Half of SPSM's weight sits in its 165 largest positions, and once those weights are taken into account it behaves like 431 equally weighted holdings.
What is SPSM's expense ratio? 0.03% a year
As of October 28, 2026, SPSM charges 0.03% a year, yields 1.51% and holds $16.0B in assets across 606 positions.
| Measure | SPSM |
|---|---|
| Expense ratio | 0.03% |
| Dividend yield | 1.51% |
| Assets under management | $16.0B |
| Holdings | 606 |
Expense ratio, dividend yield and assets under management are reported by the fund and refreshed daily. Every other figure on this page is computed by ETF Copilot.
Cite this
ETF Copilot, “State Street SPDR Portfolio S&P 600 Small Cap ETF (SPSM) scores and holdings analysis”, as of October 28, 2026.
https://etf-copilot.com/etf/spsm
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