Summary
iShares S&P 500 Index Fund Institutional Shares is a mutual fund run by BlackRock. It does not trade on an exchange: you buy it from the fund company at a price set once a day. Positions inside: 509. The ten largest make up 38% of the fund.
- Yearly costs
- 0.10%
- Fund size
- $60.4B
- Positions
- 509
- Dividend yield
- 1.46%
- Running since
- 2013
What speaks for it
- Costs of 0.10% a year are below the middle of comparable funds (0.40%).
- A large fund with $60.4B under management.
- Average yearly growth over the last ten years: 13%.
- It has been running since 2013.
What to watch
Nothing here calls for caution.
A fund has no Bulios Score and no Fair Price of its own - both are computed from the results of a single company. This page shows what is inside the fund and what it costs instead.
Price
Performance
- 1 month
- -1.2%
- 3 months
- +2.8%
- This year
- +11%
- 1 year
- +11%
- 3 years
- +78%
- 5 years
- +65%
- 10 years
- +244%
- Avg. market cap
- $1.25T
- P/E
- 35.0x
- Forward P/E
- 24.7x
- P/S
- 5.3x
- P/B
- 8.9x
- P/FCF
- 30.6x
- EV/EBITDA
- 27.2x
- Dividend yield
- 1.13%
- ROIC
- 25.6%
- ROE
- 63.8%
- Gross margin
- 50.1%
- Operating margin
- 24.4%
- Net margin
- 18.7%
- Payout ratio
- 39.6%
- Net debt/EBITDA
- 0.9x
- Beta
- 1.00
Weighted average of the 50 largest companies, which make up 36% of the fund. Banks and insurers are left out of the gross margin, the ROIC and the EBITDA figures.
What is inside?
Moderately concentrated- 1 NVIDIA 8.0%
- 2 AAApple AAPL 7.0%
- 3 MICROSOFT 5.7%
- 4 AMAmazon.com, Inc. AMZN.TO 3.8%
- 5 ALPHABET CLASS A 3.0%
- 6 BROADCOM INC 2.6%
- 7 ALPHABET CLASS C 2.4%
- 8 MEMeta Platforms, Inc. META.TO 1.9%
- 9 MUMicron Technology, Inc. MU.TO 1.6%
- 10 TSTesla, Inc. TSLA.TO 1.6%
Positions in the fund: 509. The ten largest make up 38% of it.
Composition as of Oct 18, 2026.
Where is it spread?
Spread outBy country
- United States 55%
- Ireland 1.1%
- India 0.7%
- Switzerland 0.6%
- Other countries 43%
By company size
- Mega cap 47%
- Large cap 51%
- Mid cap 0.4%
- Small cap 1.1%
- Micro cap 0.08%
By the company's market value: Mega cap from $200B, Large cap from $10B, Mid cap from $2B, Small cap from $300M, Micro cap below $300M. Counted from the companies that make up 55% of the fund.
Largest country: United States (55%). Largest size group: Large cap (51%).
What does it cost me?
Cheap- A year from $10,000
- $10.00
- Over 20 years
- $501
From every $10,000 invested the fund takes $10.00 a year. You do not pay it separately - it is taken out of the fund's value. Over 20 years at 5% yearly growth that adds up to about $501.
How has it done?
Growing over the long run- A year on average, 10 years
- +13%
- Deepest drop
- -26%
- Yearly volatility
- 13%
Average yearly growth over the last ten years: 13%. Deepest drop in these years: 26% below the earlier high.
Does it pay dividends?
Yes, it pays out- Yield
- 1.46%
- Payments a year
- 4
- Last payment
- $2.19
Over the last 12 months it paid $12.98 per share, which is 1.46% of today's price. The last payment was $2.19 on Sep 30, 2026.
How expensive are the companies inside?
Rather expensive- P/E of the companies inside
- 35.0
- Average Bulios Score
- 64 out of 100
Weight by Bulios Fair Price
- Undervalued 6.1%
- Fairly valued 11%
- Overvalued 83%
On average the companies inside trade for 35.0 times their yearly profit. By Fair Price, 83% of the rated weight comes out as overvalued.
Counted from its largest companies (50), which make up 36% of the fund. Each company counts by its weight. We use the metrics, the Bulios Score and the Fair Price of the companies themselves.
Can I buy it as an ETF?
A mutual fund is bought from the fund company. These ETFs hold much of the same and trade on an exchange, so an ordinary broker carries them.
| Fund | Domicile | Size | 1-year change | Dividends | ||
|---|---|---|---|---|---|---|
SP SPY.AX State Street SPDR S&P 500 ETF | Australia | 0.09% | $824.9B | +5.2% | Pays out | 34% |
SP SP5A.MI State Street SPDR S&P 500 UCITS ETF (Acc) | Ireland | 0.03% | $44.8B | +18% | Reinvests | 34% |
SP SPY5.PA State Street SPDR S&P 500 UCITS ETF (Dist) | Ireland | 0.03% | $37.4B | +17% | Pays out | 34% |
IE IE000XZSV718.SG State Street SPDR S&P 500 UCITS ETF (Acc) | Ireland | 0.03% | $44.4B | +18% | Reinvests | 34% |
SP SPPE.DE State Street SPDR S&P 500 EUR Hdg UCITS ETF (Acc) | Ireland | 0.05% | $44.8B | +11% | Reinvests | 34% |
SP SPY5.DE State Street SPDR S&P 500 UCITS ETF (Dist) | Ireland | 0.03% | $44.8B | +17% | Pays out | 34% |