Updated Reviewed quarterly
SPY vs SPYM: ETF Comparison
SPY · State Street
TER 0.09% · Yield —
SPYM · State Street
TER 0.02% · Yield —
Both SPY and SPYM are US-listed and trigger FIF tax for NZ residents above the NZ$50,000 overseas-share threshold. The comparison is about exposure, fee, and strategy — both share the same NZ tax friction.
In 30 seconds: SPY (SPDR S&P 500 ETF Trust, State Street) trades on the NYSE Arca at 0.09% TER. SPYM (SPDR Portfolio S&P 500 ETF, State Street) trades on the NYSE Arca at 0.02% TER. Both SPY and SPYM are US-listed and trigger FIF tax for NZ residents above the NZ$50,000 overseas-share threshold. The comparison is about exposure, fee, and strategy — both share the same NZ tax friction.
- SPY: SPDR S&P 500 ETF Trust — 0.09% TER, FIF above NZ$50K
- SPYM: SPDR Portfolio S&P 500 ETF — 0.02% TER, FIF above NZ$50K
- SPY yield: not currently published
- SPYM yield: not currently published
- Cheaper TER: SPYM
Head-to-head comparison
| Feature | SPY | SPYM |
|---|---|---|
| Fund | SPDR S&P 500 ETF Trust | SPDR Portfolio S&P 500 ETF |
| Issuer | State Street | State Street |
| Exchange | NYSE Arca | NYSE Arca |
| Total expense ratio | 0.09% | 0.02% |
| Dividend yield (TTM) | — | — |
| Distribution frequency | Quarterly | Quarterly |
| NZ tax wrapper | FIF above NZ$50K | FIF above NZ$50K |
Where to buy
SPY trades on the NYSE Arca — buy via Hatch, Stake, Sharesies, Tiger and Interactive Brokers. SPYM trades on the NYSE Arca — buy via Hatch, Stake, Sharesies, Tiger and Interactive Brokers. See all 11 NZ investment platforms compared.
Frequently asked questions
What is the difference between SPY and SPYM?▾
SPY (SPDR S&P 500 ETF Trust) charges 0.09% TER vs SPYM (SPDR Portfolio S&P 500 ETF) at 0.02%. Both are issued by State Street. Both SPY and SPYM are US-listed and trigger FIF tax for NZ residents above the NZ$50,000 overseas-share threshold. The comparison is about exposure, fee, and strategy — both share the same NZ tax friction.
Which has the lower fee, SPY or SPYM?▾
SPYM is cheaper at 0.02% TER vs SPY at 0.09% — a gap of 0.07 percentage points.
Which yields more, SPY or SPYM?▾
Yield data for at least one fund is not currently published — check the issuer fact sheet for the latest trailing 12-month yield. Headline yield is gross; after-tax outcome depends on your tax wrapper (FIF above NZ$50K for SPY, FIF above NZ$50K for SPYM).
Can NZ residents buy both SPY and SPYM?▾
Yes. SPY is available via Hatch, Stake, Sharesies, Tiger and Interactive Brokers. SPYM is available via Hatch, Stake, Sharesies, Tiger and Interactive Brokers.
How does NZ tax differ between SPY and SPYM?▾
SPY is FIF above NZ$50K. SPYM is FIF above NZ$50K. Same tax wrapper, no structural tax difference between the two for NZ residents. See /tax/pie-vs-fif/ for the full mechanics.
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