The Vanguard S&P 500 ETF (VOO) has reached $1.03 trillion in assets, becoming the first ETF to cross the trillion-dollar mark while charging just 0.03% in fees, significantly lower than the SPDR S&P 500 ETF Trust (SPY) which charges 0.0945%. SPY, the most traded ETF with deep options liquidity, is limited by its legacy structure that prevents dividend reinvestment, causing a cash drag and higher costs over time. VOO, an open-end fund, reinvests dividends immediately, offering a slight but compounding performance advantage for long-term investors. State Street has also launched SPDR Portfolio S&P 500 ETF (SPYM) with even lower fees but smaller asset size and less liquidity. For long-term holders in tax-advantaged accounts, switching from SPY to VOO or SPYM can save on fees without significant downsides, though options traders may prefer SPY for liquidity.
Goldman's S&P 500 Core Premium Income ETF (GPIX) has achieved a rare feat for covered-call funds by delivering a 13.4% total return year-to-date, nearly matching the SPDR S&P 500 ETF Trust (SPY) which is up 13.4% on price alone, while also paying a h...
The Schwab U.S. Large-Cap Growth ETF (SCHG) heavily concentrates its portfolio in just three tech giants—NVIDIA, Apple, and Microsoft—making up nearly a third of its holdings. Despite being marketed as a diversified large-cap growth fund, this concen...
The US bond market is experiencing increased volatility and uncertainty as the Federal Reserve has abandoned its forward guidance policy. This shift has led to surging Treasury yields that recent interventions have failed to contain, highlighting fis...
US 10-year Treasury yields are rising toward 5%, causing pressure on fixed income and equity markets amid ongoing inflation and geopolitical risks. Long-duration bonds have underperformed, while short-duration and cash-equivalent ETFs remain more att...
The S&P 500 is expected to encounter headwinds in September due to rising bond yields, increasing debt, and macroeconomic uncertainties. However, coordinated interventions by the US and Japan, along with upcoming US Treasury liquidity injections, are...
