What is the difference between a spy and a SPDR?

The SPY is an ETF. This is the broad name for a kind of security that aggregates or tracks multiple stocks within an index, industry, or another grouping. SPDRs are a specific type of ETF issued by State Street Global Advisors that tracks a certain index, such as the S&P 500.

Who manages spy ETFs?

SPY is managed by State Street Global Advisors, an ETF pioneer and one of the world’s largest asset managers, and is benchmarked to the S&P 500 Index from S&P Dow Jones Indices, one of the most trusted index providers.

Is spy a good ETF?

The SPY and other index ETFs provide investors a way to own the entire index by owning a single security for a low cost. As of Sept. 20, 2023, SPY has an expense ratio of 0.0945%. While this ratio is low, it is not the lowest among other ETFs that track the S&P 500 Index.