SDY - State Street SPDR S&P Dividend ETF

This fund aims to replicate, before its operational costs, the overall investment performance of the S&P High Yield Dividend AristocratsTM Index. The index specifically targets corporations that have demonstrated an unbroken track record of dividend increases over two decades or more, subsequently assigning weight to these holdings based on their current dividend yield. This stringent requirement for a prolonged history of rising dividends ensures that the index constituents offer a blend of potential capital appreciation and reliable income, rather than being purely high-yielding investments.

As of Jun 30, 2026: spot at $152.32, ATM IV 62.1%, max pain $145.00, net GEX $524.9K.

Sector

Financial Services

Industry

Asset Management - Income

Market Cap

$21.00B

Beta

0.61

52-Week Range

134.95-156.39

Dividend Yield

$3.73

IPO Date

Nov 15, 2005

Exchange

AMEX

What SDY Looks Like to Options Traders Today

IV rank of 100.0% signals elevated pricing relative to the 1-year history, conditions that typically favor premium-selling structures (credit spreads, iron condors, covered calls); positive net gamma exposure ($524.9K) means dealers hedge against trend, damping realized volatility and biasing price toward heavy-OI strikes; the 25-delta skew (0.016) is roughly flat across the wings.

What This Page Covers

The SDY overview links into per-metric analysis views: max pain, gamma exposure, volatility skew, expected move, options chain, open interest history, and aggregate Greeks. Microstructure data is available on short interest, short volume, fail-to-deliver, and market structure.

Frequently asked SDY overview questions

What is SDY?

SDY is the ticker symbol for State Street SPDR S&P Dividend ETF, an listed exchange-traded fund. This fund aims to replicate, before its operational costs, the overall investment performance of the S&P High Yield Dividend AristocratsTM Index. The index specifically targets corporations that have demonstrated an unbroken track record of dividend increases over two decades or more, subsequently assigning weight to these holdings based on their current dividend yield. Listed on AMEX. SDY is the ETF ticker shown on this page; ETF traders use the fund for diversified exposure to its underlying basket, for sector and factor rotation, and for hedging or replication strategies via the listed options chain.

What does the SDY options snapshot look like today?

As of Jun 30, 2026, the SDY options snapshot shows spot at $152.32, ATM IV 62.1%, IV rank 100.0%, max pain $145.00, net GEX $524.9K, expected move 17.80%. The full options chain, Greeks by strike and expiration, per-strike open-interest distribution, dealer gamma and delta exposure, and the volatility skew surface are linked from this overview page. Each per-metric route refreshes once per trading session and reflects the most recent close-of-business listed-options state.

What are SDY's key statistics?

State Street SPDR S&P Dividend ETF (SDY) carries a market capitalization of $21.00B, 52-week range of 134.95-156.39. Full holdings disclosure, expense ratio, and tracking-error history live on the per-ticker fundamentals page or the sponsor's site; daily NAV and premium/discount-to-NAV are accessible from the same view. These structural inputs frame how the ETF options market prices implied volatility relative to its constituents.

What sector or industry does SDY belong to?

State Street SPDR S&P Dividend ETF operates in the Financial Services sector, in the Asset Management - Income industry. Sector classification affects how the ticker correlates with sector ETFs, how it reacts to macro factors like rate moves and commodity prices, and how its options pricing compares to sector peers. Compare SDY's implied volatility and skew against sector benchmarks to gauge whether the options market is pricing single-name or systemic risk relative to the broader peer group.

How current is the SDY data on this page?

The options snapshot above is dated Jun 30, 2026 and refreshes once per session, with all per-strike Greeks and exposure aggregates recomputed at the daily close. Fund-level fields (sponsor, expense ratio, holdings concentration where available) refresh from the vendor feed nightly. ETF-specific filings (N-CSR, N-PX, N-CEN) update on the SEC EDGAR cadence. FINRA microstructure data refreshes on the source's cadence; for ETFs the off-exchange volume signal is dominated by authorized-participant creation and redemption rather than directional flow.