What is an ETF?
An ETF is an Exchange-traded fund. It works like a mutual fund but is traded on the open market like a stock.
Why SPY vs VOO?
These two ETFs track the S&P 500 Index. They are comprised of the 500 largest companies in the U.S.A.
SPY: SPDR S&P 500 Trust Overview:
-Created in 1993. - High Liquidity - Expense Ratio of 0.09% - 10 Year Return of 16.41% - 505 Stocks - It has been around a really long time.
VOO: Vanguard S&P 500 Index Fund ETF Overview
- Created in 2010 - Expense Ratio 0.03% - 16.51% average for 10 years - 512 stocks
SPY vs VOO: The Similarities Between the Two
Here are a couple of similarities between the two ETFs
Track the S&P 500
Both track the S&P 500 Index. They are comprised of the top 500 largest companies in the U.S.A.
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