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An SPDR, officially known as a Standard & Poors Depository Receipts, is like a mini-portfolio of stocks and derivatives with the goal of emulating an investment vehicle like an index or commodity. In short, SPDRs are types of ETFs that trade in the United States.
SPDR funds (pronounced spider) are a family of exchange-traded funds (ETFs) traded in the United States, Europe, and Asia-Pacific and managed by State Street Global Advisors (SSGA). Informally, they are also known as Spyders or Spiders. SPDR is a trademark of Standard and Poor's Financial Services LLC, a subsidiary of McGraw Hill Financial.