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What is Balancer? Crypto Index Funds and BAL Explained with AnimationsSpiders (SPDR) are tradable ETFs that closely follow the performance of the benchmark S&P or sectors within the index. Brazil ETFs let U.S. investors. SPDR, short for Standard & Poor's Depository Receipts, is a type of exchange-traded fund that tracks the performance of a specific market index or asset. SPDR belongs to a family of exchange-traded funds (ETF) that tracks the S&P Index. Spider (SPDR). Summary. A Spider (SPDR) is commonly used to refer to.