The SPDR S&P 500 ETF (NYSEARCA:) has $311.56 billion in property beneath administration, making it the worldâÂÂs largest exchange-traded fund. And the competitors isnâÂÂt notably shut. SPYâÂÂs property benefit over the second-largest ETF is greater than $105 billion.
To place that $105 billion-plus hole into context, the property benefit sported by SPY over the following largest ETF of Dow Jones elements 3M (NYSE:) and Goldman Sachs (NYSE:).
As its title implies, SPY tracks the S&P 500 index, one of many worldâÂÂs most generally watched fairness gauges. ThatâÂÂs the identical index adopted by the quantity two ETF by way of measurement â the iShares Core S&P 500 (NYSEARCA:) and the quantity 4 Vanguard S&P 500 ETF (NYSEARCA:). To exceed SPY by way of heft, IVV and VOO must mix.
With annual expense ratios of 0.03% and 0.04%, respectively, VOO and…