SPY Fund Flows Suggest Near-Term Stability For The S&P 500

Apr. 30, 2025 1:26 PM ETSPDR® S&P 500® ETF (SPY)SP500, SPX, SPY1 Like
(9min)

Summary

  • The latest fund flow data for the SPY ETF suggests fear is easing in the broader equity market.
  • The NAAIM Exposure Index also seemed to have reached a bottom and started recovering, signaling that institutional money managers are moving back into equity.
  • The excess CAPE yield (ECY) has thickened to 1.9% in the past 1~2 months, approaching a 52-week-high.
  • The above factor can support a more favorable return profile for the S&P 500 index or funds indexed on it.
S and P 500 index symbol. Wooden blocks with an arrow that symbolizes that the S and P 500 index is changing trend, goes up or down. Business concept. Copy space.

Andrzej Rostek

SPY and S&P 500: Fear is easing

I last analyzed the SPDR S&P 500 ETF Trust ETF (NYSEARCA:SPY) on March 19, 2025. That article was titled "VOO Vs. SPY: Hold VOO For The Long Term." It focused on the ETF aspect of

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About SPY ETF

SymbolLast Price% Chg
SPY
563.51-0.57%
Pre559.22-0.76%
Chart
Combination chart with 2 data series.
The chart has 1 X axis displaying Time. Data ranges from 2025-04-30 09:30:00 to 2025-05-05 16:00:00.
The chart has 1 Y axis displaying values. Data ranges from 541.94 to 568.11.
End of interactive chart.
Expense Ratio
0.09%
Div Frequency
Quarterly
Div Rate
$7.17
Yield
1.27%
Assets (AUM)
$577.25B
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