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Only SPYM, not VOO, is allowed in federally chartered Trump Accounts for kids despite similar S&P 500 tracking.

Market News
21 Sep 2026
24/7 Wall Street
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Only SPYM, not VOO, is allowed in federally chartered Trump Accounts for kids despite similar S&P 500 tracking.

Trump Accounts, a new federally chartered savings plan for children, require investments in approved low-cost index ETFs. Both Vanguard's VOO and State Street's SPYM track the S&P 500 with nearly identical costs and performance, but only SPYM is on the government's approved list for Trump Accounts. This exclusion of VOO is due to Treasury's selection criteria, not fund quality. For parents funding a Trump Account, SPYM is the default and practical choice, offering the same broad market exposure at a lower share price, making it accessible for small contributions. Outside Trump Accounts, VOO remains available for investment in other accounts.

As of Sep 22, 2026 01:12 WIB, VOO trades near its 52-week high at USD 712.45, just below the peak of USD 714.90, showing a 1-day gain of 1.52%. While SPYM is the practical choice for Trump Accounts, VOO remains a strong performer on Pluang with a market cap of $1.80 trillion and a typical hold time of 53 days, indicating steady investor confidence despite its exclusion from the approved list.

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