State Street’s SPSM charges 0.03% versus iShares’ 0.06%, matching the S&P SmallCap 600 but offering higher yield and lower cost.
State Street’s SPDR Portfolio S&P 600 Small Cap ETF (SPSM) and iShares Core S&P Small-Cap ETF (IJR) track the same S&P SmallCap 600 Index, yet SPSM’s 0.03% expense ratio saves investors $3 annually per $10,000 invested compared to IJR’s 0.06%. SPSM also yields 1.40%, slightly above IJR’s distribution.
Both funds provide exposure to profitable U.S. small-cap companies, with nearly identical sector weightings in financials, industrials, and technology. IJR holds 640 stocks and launched in 2000, while SPSM holds 606 stocks and debuted in 2013. Top holdings overlap, including Viavi Solutions and FormFactor, but IJR’s larger AUM and trading volume attract liquidity-focused investors.