VOO Vs. SPY: A Comparison Of Two S&P 500 ETFs
Need to grow your hard-earned money? Let's compare VOO vs. SPY and which one you should buy.
Both VOO and SPY are considered to be exchange-traded funds (ETFs). Their goal is to help investors get exposure to the general US market and diversify their portfolios easily.
VOO seeks to measure the performance of the S&P 500 Index that tracks the returns of large-cap stocks.
VOO: Vanguard 500 Index Fund ETF
SPY is a SPDR Index fund that was incepted in 2000 to track the S&P 500. It's one of the most popular ETFs.
SPY: SPDR S&P 500 Trust ETF
Here are some of the major differences between VOO and SPY. These are:
SPY has a great option volume, making it easier to speculate using S&P 500 options.
VOO costs 0.03% annually, while you pay 0.09% for SPY
The number of assets in both VOO and SPY are similar. VOO manages assets worth $335 billion, while SPY manages assets worth $178 billion.
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