State Street SPDR S&P 600 Small Cap Value ETF (SLYV) IV/HV History
Comparing implied volatility to historical (realized) volatility reveals whether options are priced rich or cheap relative to actual price movement. Persistent gaps can signal trading opportunities.
State Street SPDR S&P 600 Small Cap Value ETF (SLYV) operates in the Financial Services sector, specifically the Asset Management industry, with a market capitalization near $4.47B, listed on AMEX, carrying a beta of 1.16 to the broader market. The State Street SPDR S&P 600 Small Cap Value ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P SmallCap 600 Value Index (the "Index")The Index includes stocks that exhibit the strongest value characteristics based on: book value to price ratio; earnings to price ratio; and sales to price ratio public since 2000-10-02.
Snapshot as of May 15, 2026.
- Spot Price
- $100.50
- ATM IV
- 24.1%
- HV 20-Day
- 14.6%
- HV 60-Day
- 16.9%
- IV Rank
- 27.2%
- IV Percentile
- 44.8%
As of May 15, 2026, State Street SPDR S&P 600 Small Cap Value ETF (SLYV) ATM implied volatility is 24.1%. 20-day realized volatility is 14.6%, producing an IV-HV spread of +9.5 vol points. Options are pricing in more volatility than the stock has recently delivered, the volatility risk premium. IV rank is 27.2%.
How SLYV iv/hv history Data Feeds Strategy Selection
Strategy selection on State Street SPDR S&P 600 Small Cap Value ETF options does not derive from any single metric in isolation. The iv/hv history view above sits inside a broader read: ATM IV currently sits at 24.1% and dealer gamma exposure is positive, so dealer hedging is mechanically mean-reverting. Combine the iv/hv history data here with the volatility-skew surface, dealer-gamma exposure, max-pain level, and upcoming-events calendar to build a positioning thesis. Risk-defined structures (credit spreads, debit spreads, iron condors) are usually safer than naked positions while the regime is uncertain; the data on this page anchors the inputs but does not by itself constitute a trade thesis.
Learn how implied vs realized volatility is reported and how to read the data →
Frequently asked SLYV iv/hv history questions
- Is SLYV options pricing rich or cheap right now?
- As of May 15, 2026, State Street SPDR S&P 600 Small Cap Value ETF (SLYV) ATM IV is 24.1% against 20-day realized volatility of 14.6%. IV rank is 27.2%. SLYV options are pricing in more volatility than the stock has recently realized: a positive variance risk premium worth 9.5 vol points.
- What is the SLYV variance risk premium?
- The variance risk premium is the persistent gap between implied and subsequently realized volatility. In equity markets it averages positive because option sellers demand compensation for bearing variance shocks. SLYV is currently priced consistently with this premium, which is one input to whether short-vol or long-vol structures carry their typical edge.
- What does SLYV IV rank mean for strategy selection?
- IV rank normalizes the current ATM IV to its 1-year range: 0% is the low, 100% is the high. SLYV's current rank of 27.2% signals where current pricing sits in its own 1-year history. High-rank regimes typically favor premium-selling structures (credit spreads, condors, covered calls); low-rank regimes typically favor premium-buying or long-volatility structures.