$SPY

The S&P 500 ETF You Know Charges 0.0945%. These 2 Charge 0.03%

The S&P 500 ETFs SPY, VOO, and IVV track the same index but have different fees. SPY charges 0.0945%, while VOO and IVV charge 0.03%. SPY has the largest assets under management and the tightest bid-ask spreads, making it popular for trading and hedging. VOO and IVV are better for long-term investors due to lower fees. NVIDIA and Apple are the largest holdings in these funds, according to their respective fact sheets and prospectuses.

Original reporting
Published Oct 8, 2026, 10:03 PM UTC
Analysis
AlphAI AI DeskAI-generated
Added to AlphAI Oct 8, 2026, 10:06 PM UTC. Informational, not investment advice.
How this was made
AlphAI summarizes source reporting and applies a structured AI analysis for relevance, timing, sentiment and ticker impact. Always verify material claims with the original publisher.
The S&P 500 ETF You Know Charges 0.0945%. These 2 Charge 0.03% — source image
Decision brief

The 30-second read

$SPYNeutralLow
01

Why it matters

Fee differentials are modest; liquidity and options market depth remain the primary decision factors for traders.

02

Market read

Provides a concise fee comparison for investors but offers little actionable insight for short‑term trading.

03

What to watch

Tax efficiency and dividend reinvestment differences could influence choice beyond expense ratios.

Relevance 4/10Novelty 2/10Timing: none

Background

The article compares expense ratios of the three most popular S&P 500 ETFs, citing recent fact sheets and prospectus filings.

Company-level read

Ticker impact

$SPYNeutralHigh confidence
Context

SPY expense ratio disclosed as 0.0945% per March 2026 fact sheet, higher than peers.

Expected impact

limited pressure on SPY as fee difference is modest and offset by superior liquidity.

Evidence & confidence

Fee gap is small; traders value SPY's tight spreads and options market more than the expense ratio.

$VOONeutralHigh confidence
Context

VOO expense ratio disclosed as 0.03% per March 2026 fact sheet, lower than SPY.

Expected impact

minimal upside pressure as cost advantage is incremental.

Evidence & confidence

Fee advantage is modest and already priced; no catalyst for sharp movement.

$IVVNeutralHigh confidence
Context

IVV expense ratio disclosed as 0.03% per July 2026 prospectus, matching VOO.

Expected impact

little impact; market already reflects fee structure.

Evidence & confidence

Investors focused on liquidity; IVV's fee is not a primary driver of price.

Market effects

Highlights fee competition among large‑cap S&P 500 ETFs, but no sector shift.

U.S. ETF market only; no regional effect.

Limited to investors comparing U.S. index fund costs.

Counterpoint

Long‑term investors may still prefer SPY for its superior liquidity despite higher fee.

Key entities

  • State Street

    Issuer of SPY ETF.

  • Vanguard

    Issuer of VOO ETF.

  • BlackRock

    Issuer of IVV ETF.

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