Over the past few decades, many institutional and retail investors have increasingly turned to passive ETFs because they cater to a more hands-off approach. Additionally they offer lower costs, transparency, flexibility and are tax efficient. SPDR S&P 500 ETF is one such ETF on many investors’ radar. But, is SPDR S&P 500 ETF a good investment? Let’s examine this popular ETF to find out. What Is SPDR S&P 500 ETF? The SPDR S&P 500 ETF or SPY ETF tracks stocks in the S&P 500 Index as measured by market capitalization. These include 500 of the largest (large-cap) publicly traded U.S. companies across all 11 GICS sectors. In January of 1993,…