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SPYG −0.91% on Nov 13 · Analysis updated Nov 13, 2026, 6:30 PM ET
Why is State Street SPDR Portfolio S&P 500 Growth ETF (SPYG) stock down?
SPYG closed at $114.81 on Nov 13, about 5.4% below the $121.33 high of Oct 28 and near the middle of its recent range. The sharpest move was the Nov 5 sell-off to $111.17 on 11.19M shares, roughly two to three times the volume of the surrounding sessions. Since then the ETF has rebounded to $116.18 on Nov 11, then slipped to $114.81 on Nov 13 on light volume of 1.69M shares, so the recovery has not clearly held. The only news in the 14-day window is a Benzinga performance article reporting a 14.68% average annual return over 15 years, 1.91% a year above the market. This is backward-looking and not a company or fund catalyst, and its figures differ from the 15.06% and 2.24% cited in the previous analysis, so the newer article's numbers are used here. The news does not explain the Nov 5 drop, so the cause remains unknown and the evidence for any direction is thin.
News behind the analysis
- If You Invested $1000 In State Street SPDR Portfolio S&P 500 Growth ETF Stock 15 Years Ago, You Would Have This Much TodayReports SPYG's 15-year average annual return at 14.68%, outperforming the market by 1.91% annualized. It is a historical performance piece with no new fund-specific catalyst.
About State Street SPDR Portfolio S&P 500 Growth ETF
SPYG is a low-cost, passively managed State Street SPDR ETF that tracks the S&P 500 Growth Index. It holds about 150 S&P 500 companies chosen for growth traits, and it is heavily weighted toward big tech names like NVIDIA, Microsoft and Apple.
How the fund works
The fund tries to match the S&P 500 Growth Index, which picks S&P 500 stocks with the strongest growth scores based on sales growth, change in earnings relative to price, and 12-month price momentum. Stocks are weighted by market value, so a few companies make up a large share of the fund. The top 10 holdings are roughly 60% of assets, and NVIDIA alone is about 14%. The index is rebalanced periodically. The expense ratio is about 0.04%, assets are roughly $54 billion, and it pays a small quarterly dividend (yield around 0.5%). The main risk is concentration in a handful of mega-cap tech stocks.
What usually moves SPYG
- Mega-cap tech earnings (NVIDIA, Microsoft, Apple)
- AI-related spending and sentiment
- Interest rates and bond yields
- Growth vs. value style rotation
- Overall US stock market direction