Yes, there are other S&P 500 ETFs to consider. Here are some key options:
- iShares Core S&P 500 ETF (IVV): This ETF has a lower expense ratio than SPY, at 0.03%. It tracks the S&P 500 index closely and is a popular choice among investors1.
- Vanguard 500 Index Fund (VOO): Also with an expense ratio of 0.03%, VOO is another low-cost option that tracks the S&P 500 index1.
- SPDR Portfolio S&P 500 ETF (SPLG): This ETF has an even lower expense ratio of 0.02%. It also tracks the S&P 500 index and may be a good choice for cost-conscious investors1.
- Invesco S&P 500 Equal Weight ETF (RSP): This ETF provides equal weight to each of the 500 companies in the S&P 500 index, which can be beneficial for investors looking for a different approach to S&P 500 exposure1.
When considering these options, factors to keep in mind include expense ratios, dividend yields, trading costs, and the specific fund's historical performance. It's also important to consider the liquidity of the ETF and the trading volume to ensure easy entry and exit from the investment23.