If you're interested in broad exposure to the Large Cap Value segment of the US equity market, look no further than the SPDR Portfolio S&P 500 Value ETF (SPYV), a passively managed exchange traded fund launched on 09/25/2000.The fund is sponsored by State Street Global Advisors. It has amassed assets over $12.13 billion, making it one of the larger ETFs attempting to match the Large Cap Value segment of the US equity market.Why Large Cap ValueLarge cap companies typically have a market capitalization above $10 billion. They tend to be stable companies with predictable cash flows and are usually less volatile than mid and small cap companies.Carrying lower than average price-to-earnings and price-to-book ratios, value stocks also have lower than average sales and earnings growth rates. Considering long-term performance, value stocks have outperformed growth stocks in almost all markets; however, they are more likely to underperform growth stocks in strong bull markets.CostsCost is an important factor in selecting the right ETF, and cheaper funds can significantly outperform their more expensive counterparts if all other fundamentals are the same.Annual operating expenses for this ETF are 0.04%, making it the least expensive products in the space.It has a 12-month trailing dividend yield of 2.32%.Sector Exposure and Top HoldingsETFs offer a diversified exposure and thus minimize single stock risk but it is still important to delve into a fund's holdings before investing. Most ETFs are very transparent products and many disclose their holdings on a daily basis.This ETF has heaviest allocation to the Healthcare sector--about 17.10% of the portfolio. Financials and Industrials round out the top three.Looking at individual holdings, Berkshire Hathaway Inc. Class B (BRK.B) accounts for about 3.24% of total assets, followed by Johnson & Johnson (JNJ) and Procter & Gamble Company (PG).The top 10 holdings account for about 17.69% of total assets under management.Performance and RiskSPYV seeks to match the performance of the S&P 500 Value Index before fees and expenses. The S&P 500 Value Index measures the performance of the large-capitalization value sector in the U.S. equity market.The ETF has lost about -12.72% so far this year and is down about -5.11% in the last one year (as of 06/23/2022). In the past 52-week period, it has traded between $35.93 and $42.64.The ETF has a beta of 0.95 and standard deviation of 23.56% for the trailing three-year period, making it a medium risk choice in the space. With about 452 holdings, it effectively diversifies company-specific risk.AlternativesSPDR Portfolio S&P 500 Value ETF holds a Zacks ETF Rank of 1 (Strong Buy), which is based on expected asset class return, expense ratio, and momentum, among other factors. Because of this, SPYV is an excellent option for investors seeking exposure to the Style Box - Large Cap Value segment of the market. There are other additional ETFs in the space that investors could consider as well.The iShares Russell 1000 Value ETF (IWD) and the Vanguard Value ETF (VTV) track a similar index. While iShares Russell 1000 Value ETF has $50.59 billion in assets, Vanguard Value ETF has $92.76 billion. IWD has an expense ratio of 0.19% and VTV charges 0.04%.Bottom-LineAn increasingly popular option among retail and institutional investors, passively managed ETFs offer low costs, transparency, flexibility, and tax efficiency; they are also excellent vehicles for long term investors.To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center. Want key ETF info delivered straight to your inbox? Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week.Get it free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report SPDR Portfolio S&P 500 Value ETF (SPYV): ETF Research Reports Johnson & Johnson (JNJ): Free Stock Analysis Report Procter & Gamble Company The (PG): Free Stock Analysis Report Berkshire Hathaway Inc. (BRK.B): Free Stock Analysis Report Vanguard Value ETF (VTV): ETF Research Reports iShares Russell 1000 Value ETF (IWD): ETF Research Reports To read this article on Zacks.com click here.