The S&P 500 is probably the most recognized stock index in the world, and is so ubiquitous that for many investors it just means “the market.” It captures approximately 80% of the US’s entire market capitalization, and nearly $8 trillion of cash is indexed to it.
Exchange-traded funds (ETFs) are marketable securities that track an index or a basket of assets. There are three popular ETFs that track the S&P 500: iShares Core S&P 500 ETF, Vanguard S&P 500 ETF, and SPDR S&P 500 ETF. However, not all of these ETFs are created equal. Below, we provide a side-by-side comparison of these top three ETFs:
|S&P 500 ETF ______________________________||Ticker (Issuer)||Expense Ratio||Assets Under Management||YTD Performance||Tracking Error (Fidelity)||Dividend Reinvestment|
|SPY (State Street)||0.09%||$241.15||11.74%||0.03||No|