This fund has been one of the market's best long-term performers. But history shows that it can be highly volatile in the short term.
The S&P 500 Index continued rising and neared its all-time high on Friday as some big tech companies like Nvidia and AMD rebounded. It ended the week at 7,575, with its perpetual futures on Hyperliquid ticking downwards today.
For millions of investors, buying the Vanguard S&P 500 ETF (VOO) has become the default way of “owning the market.
The Vanguard S&P 500 ETF (VOO) has recently surpassed $1 trillion in assets under management, becoming the first ETF to achieve such a milestone.
Investors holding Vanguard S&P 500 ETF (NYSEARCA:VOO) own a slice of the cheapest, largest cap-weighted index fund on the market, and it has been doing its job.
July is shaping up as a pivotal month for index investors. The S&P 500 has cooled a bit, with Vanguard S&P 500 ETF (NYSEARCA:VOO) down 1.36% since its year-to-date high on June 2 as the 10-year Treasury yield has eased to 4% and the VIX has settled at 17.65.
The S&P 500 Index and the VOO ETF have largely stagnated over the past two months as some of their biggest constituents, including Nvidia and Meta Platforms, have pulled back. The index was trading at 7,537, up 20% from its lowest level this year, and several key technical and fundamental factors suggest it has further upside potential.
If you want plain vanilla S&P 500 exposure, two funds dominate the shortlist: SPDR Portfolio S&P 500 ETF (NYSEARCA:SPLG) and Vanguard S&P 500 ETF (NYSEARCA:VOO).
Contact [email protected] for any questions or corrections.
The Vanguard S&P 500 ETF (NYSEARCA:VOO) sells itself as the cheapest ticket to owning America.
The S&P 500 Index had a difficult performance in June this year, slipping by about 1.1%. It ended the month at 7,500, up by 18% from its lowest level this year, and a few points below the all-time high of 7,613.
The Vanguard S&P 500 ETF (VOO) carries a significantly lower expense ratio of 0.03% compared to 0.09% for the State Street SPDR S&P 500 ETF Trust (SPY). Both funds track the S&P 500 Index and maintain nearly identical risk profiles, with matching 1.00 beta scores and similar historical drawdowns.