S&P 500 ETFs - Saturday, Feb. 8

The S&P 500 index is arguably the most well-known worldwide. It is based on the market cap of the 500 largest companies in the U.S. The first-ever ETF, introduced in 1989, hoped to mimic the index, but was short-lived due to a lawsuit. Several S&P 500 ETFs have been brought to market since, and we show their performance, as well as the tracking error relative to the S&P 500 Total Return Index (which assumes reinvestment of dividends).

The S&P 500 ETFs tracked here include State Street Global Advisors’ SPDR (SPY), iShares Core S&P 500 ETF (IVV), and Vanguard’s S&P 500 ETF (VOO). The first chart presents the trailing twelve-month price return for SPY (IVV and VOO are almost identical). Figures are through January month-end.

Here is the YTD return for all three including their average, now at -0.03% – note the close tracking, as expected.

Finally, here is a table listing each ETF’s tracking error, expense ratio, and YTD return.

Check back in next month for the latest update.

How did you like this article? Let us know so we can better customize your reading experience. Users' ratings are only visible to themselves.


Leave a comment to automatically be entered into our contest to win a free Echo Show.