The SPDR S&P 500 ETF Trust SPY, the largest ETF in the world, celebrated its 30th birthday on Sunday. The launch revolutionized the investment world, and the ETF industry has come a long way since then with over 3,000 US-listed ETFs and about $6.5 trillion in assets under management.
SPY is also the most actively traded equity security with average daily trading volumes of about $39 billion, more than three times as much as Apple’s stock, per FT. Due to its unparalleled liquidity, there is a large ecosystem of derivatives built on SPY.
The iShares Core S&P 500 ETF IVV, the Vanguard S&P 500 ETF VOO and the SPDR Portfolio S&P 500 ETF SPLG track the same index and charge just 0.03% in expense ratio compared to SPY’s 0.09%. Apple AAPL Microsoft MSFT Alphabet GOOGL are the top holdings in these ETFs.
SPY has been losing market share at the asset level to the cheaper alternatives, but it remains very popular with traders and institutional investors.
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Microsoft Corporation (MSFT) : Free Stock Analysis Report
SPDR S&P 500 ETF (SPY): ETF Research Reports
Alphabet Inc. (GOOGL) : Free Stock Analysis Report
Vanguard S&P 500 ETF (VOO): ETF Research Reports
iShares Core S&P 500 ETF (IVV): ETF Research Reports
SPDR Portfolio S&P 500 ETF (SPLG): ETF Research Reports
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