Why SPY and IVV has different price and dividend yield?

[ph1l]

I don't have a reference to attest the SPY (which is an ETF) is based off the S&P 500 Futures Contract (S&P Eminis /ES; and S&P Emicros) contrasted against the S&P Index (SPX) - I was told this info from a market maker

SPY is based on the S&P 500 index, not futures.

https://www.ssga.com/library-content/products/factsheets/etfs/us/factsheet-us-en-spy.pdf

• The SPDR® S&P 500® ETF Trust seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of the S&P 500® Index
• The S&P 500 Index is a diversified large cap U.S. index that holds companies across all eleven GICS sectors

 

[DaveV]

I don't have a reference to attest the SPY (which is an ETF) is based off the S&P 500 Futures Contract (S&P Eminis /ES; and S&P Emicros) contrasted against the S&P Index (SPX) - I was told this info from a market maker

Nope. SPY is based on the on the S&P Index not the Futures. Here is the SPY list of components from SPY's sponsor
https://www.ssga.com/us/en/institutional/etfs/funds/spdr-sp-500-etf-trust-spy

 

[brehantoir]

Ooops, I stand corrected. thanks for clarifying.

 

[murray t turtle]

Nope. SPY is based on the on the S&P Index not the Futures. Here is the SPY list of components from SPY's sponsor
https://www.ssga.com/us/en/institutional/etfs/funds/spdr-sp-500-etf-trust-spy

%%
Easy to get the 2 confused;
last time I checked its 505 stocks also not 500.But I hope they never change the name to S&P 505 /LOL.