SPY is an Exchange Traded Fund (ETF) that seeks to provide investment results that correspond generally to the price and yield performance of the S&P 500 Index. It is managed by State Street Global Advisors and was founded on January 22, 1993. SPY is the largest, most traded, and most liquid ETF in the world, with over $500 billion in assets under management as of now. It is composed of 500 large-cap US firms and is widely considered to be the benchmark for the US stock market. SPY is listed on the New York Stock Exchange (NYSE Arca) under ticker symbol SPY and is available for trading on other major exchanges around the world. It has an expense ratio of 0.09%.
