Key Points
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The State Street SPDR Portfolio S&P 500 ETF (NYSEMKT: SPYM) has delivered average annual returns of 15.5% over the past 10 years.
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This fund tracks the S&P 500 index and offers an expense ratio of just 0.02%.
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An investment of $10,000 in SPYM could potentially grow to $1 million over several decades.
Since its inception in November 2005, SPYM has averaged annual returns of 11.01%. In various timeframes over the last 20 years, the fund has consistently exceeded the S&P 500’s long-term average of 10%. Its performance for the past year is 16.96%, 3-year returns stand at 21.77%, and 5-year returns are 14.15%.
The fund primarily holds U.S. large-cap stocks, with major positions in technology companies, including Nvidia, Apple, and Microsoft. Under hypothetical scenarios, a $10,000 investment in SPYM could grow to approximately $80,768 over 20 years at an 11% return, reaching $1 million after 45 years.
