SPDR Growth ETF’s 56.8% Tech Concentration Drives 3.05% YTD Loss
The SPDR S&P 500 Growth ETF delivered a 411% return over the past decade versus the S&P 500’s 265% gain. Its 13.47% NVIDIA weighting, top five holdings driving 36% of returns and 56.8% tech concentration fueled a 3.05% year-to-date drop.
1. Decade-Long Outperformance
Over the past decade, the SPDR S&P 500 Growth ETF returned 411% compared to the broader S&P 500’s 265% gain, driven by compounding growth from large-cap technology and communication services companies.
2. Concentrated Top Holdings
NVIDIA comprises 13.47% of the portfolio as the largest position, while the top five holdings—including Apple, Microsoft, Alphabet and Broadcom—together drive roughly 36% of returns, resulting in a 56.8% weighting to technology and communication services.
3. Recent Volatility and YTD Loss
The fund dropped 3.05% year-to-date and 4.3% over the past month as elevated valuations in growth stocks came under pressure, illustrating how high sector concentration can amplify losses during market pullbacks.
4. Fund Structure and Cost
With $45.7 billion in assets under management and a 0.04% expense ratio, the ETF prioritizes capital appreciation over income, reflected in its 0.46% dividend yield and focus on firms reinvesting profits for expansion.