SPDRs, also known as Standard & Poor's Depositary Receipts or 'spiders,' are securities traded on major exchanges representing ownership in a long-term unit investment trust that holds a portfolio of common stocks. These portfolios are meticulously designed to track the performance of the S&P 500 Index.
SPDR, also known as Standard & Poor’s Depositary Receipts, are a type of Exchange Traded Fund (ETF) designed to track a specific index, sector, commodity, or other asset.
