Vanguard's ETFs Dominate Market with VOO at $1.37T and VTI at $2T
Vanguard's ETFs continue to dominate the market. The Vanguard S&P 500 ETF (VOO) holds a staggering $1.37 trillion in net assets, while the Vanguard Total Stock Market ETF (VTI) has surpassed $2 trillion. Meanwhile, the Invesco QQQ Trust, tracking the Nasdaq-100, manages over $365 billion.
The VOO has slightly outperformed the VTI over the past decade due to its focus on mega-cap growth stocks. However, the VTI offers broader exposure, with over 3,500 components compared to VOO's 504. This includes a wide range of US companies from various sectors, such as consumer goods (Amazon, Tesla), financials (JP Morgan), and numerous mid- and small-cap companies across industries like industrial machinery (JBT Marel Corporation), real estate (JBG Smith), and consumer staples (John B. Sanfilippo & Son).
ETFs like these serve as versatile tools in a portfolio, filling specific needs or themes. For instance, the Invesco QQQ Trust focuses on large-cap growth stocks, while the Vanguard Total Stock Market ETF provides broad-based US equity exposure. However, investors should avoid duplicating existing holdings to maintain diversification.
Vanguard's ETFs, including VOO and VTI, along with competitors like the SPDR S&P 500 ETF and iShares Core S&P 500 ETF, continue to attract significant assets. With the same expense ratio of 0.03%, these ETFs offer cost-effective ways to gain exposure to the US stock market today, catering to various investment strategies and preferences.
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