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
IVV (Blackrock) 0.04% $122.6B  11.73%  0.03 Yes
   VOO (Vanguard)  0.04%  $72.19B  11.73%  0.03 Yes
SPY (State Street)  0.09% $241.15  11.74%  0.03 No