The Vanguard S&P 500 ETF (VOO) has surpassed $1 trillion in assets, making it the largest ETF and a popular choice for investors looking to buy into the S&P 500, thanks to its low expense ratio of 0.03%. In comparison, the State Street SPDR S&P 500 ETF Trust (SPY) has a higher expense ratio of 0.0945% and may be more suitable for professional traders due to its higher trading volume, but for most long-term investors, VOO is recommended due to its lower costs and similar performance.
The most valuable insight for you is that the Vanguard S&P 500 ETF (VOO) offers a significantly lower expense ratio of 0.03% compared to the State Street SPDR S&P 500 ETF Trust (SPY), which has an expense ratio of 0.0945%. This cost efficiency makes VOO a more attractive option for long-term investors focusing on retirement or wealth building, as lower fees can compound into higher returns over time.