Top S&P 500 ETFs for April 2024: SPY, VOO and More - NerdWallet (2024)

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Over the long term, it’s incredibly difficult to assemble a portfolio that outperforms the S&P 500, which has delivered average annual returns of about 10% over a nearly 90-year period. What’s more, buying an S&P 500 ETF, or exchange-traded fund, is an easy way for investors to buy a big slice of the market for a relatively small price.

And while most S&P 500 ETFs are composed of the same investments, there are some differences you should know before making a selection between them.

What's the best S&P 500 ETF?

If you search for S&P 500 ETFs, you may come across dozens of funds. Just because S&P 500 is in a fund’s name doesn’t necessarily mean it tracks the index as a whole. Rather, many of these ETFs track sub-components, say value or growth stocks, within the broader index.

But you won’t have to wade through a ton of options to decide on an ETF that tracks the performance of the S&P 500 index as a whole. The following funds track the entirety of the index.



Annualized 5-year return

iShares Core S&P 500 ETF



Vanguard S&P 500 ETF



SPDR S&P 500 ETF Trust



Source: VettaFi. Data is current as of market close on March 29, 2024, and is for informational purposes only.

How to choose an S&P 500 ETF

The three S&P 500 ETFs are quite similar in two important aspects: You won’t have trouble finding these ETFs at most online brokers, and they’re very liquid, meaning it’s easy to buy and sell them on any given day.


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J.P. Morgan Self-Directed Investing

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We’re not here to pick a winner — the right fund for you is a personal decision — but there are some nuances you may want to consider:

  • Expense ratios. VOO and IVV boast the lowest management fee at 0.03%, about one-third of the SPY ETF. While the difference between a 0.03%, and 0.0945% expense ratio may seem trivial, such fees can really add up. For every $10,000 invested, these respective fees equal $3 and $9.45 annually. Then consider the difference at higher balances, such as $100,000.

  • Trading costs. Many of the best brokers for ETF investing offer hundreds of commission-free ETFs, but the specific fund list varies broker to broker. Fortunately, most major brokerages no longer charge commissions on ETF, stocks or options trades.

  • Price. There’s a slight difference in the price at which each fund currently trades. This shouldn’t necessarily be a deciding factor, but it may affect how many shares you can buy at any given time.

  • Yield and return. There are some slight differences across these funds even though they all track the same index. These differences generally relate to return and yield. These returns will change over time, and there's no guarantee that the ETF with the best return right now will have the best return in the future. That's why we look at the 5-year return, to see how each ETF performs over the long-term.

» Related: 25 best-performing high-dividend ETFs

» See the full list of the best brokers for ETF investors

You only need one S&P 500 ETF

For some people, digging into the details is half the fun of investing. For others, it’s all minutia. All three of the ETFs listed here have lower-than-average expense ratios and offer an easy way to buy a slice of the U.S. stock market.

You could be tempted to buy all three ETFs, but just one will do the trick. You won’t get any additional diversification benefits (meaning the mix of various assets) because all three funds track the same 500 companies. What’s more, you might tie up money that could be better invested elsewhere.

Learn more about sector ETFs:

What's next?

No matter which S&P 500 ETF you ultimately select, this fund should serve as a foundation in your portfolio. Not sure what to invest in next? Our guide on how to build a good investment portfolio offers some tips.

Neither the author nor editor held positions in the aforementioned investments at the time of publication.

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Top S&P 500 ETFs for April 2024: SPY, VOO and More - NerdWallet (4)

Frequently asked questions

Which S&P 500 ETF has the highest volume?

At the time of writing, the SPY ETF has considerably greater volume than the other two S&P 500 ETFs listed in this article.

Do S&P 500 ETFs pay dividends?

Usually, yes, although S&P 500 ETFs may have a lower yield than high-dividend ETFs.

Top S&P 500 ETFs for April 2024: SPY, VOO and More - NerdWallet (2024)


What is the best ETF to invest in April 2024? ›

The 10 Best-Performing ETFs for April 2024
  • Amundi MSCI Turkey UCITS ETF (TUR)
  • iShares MSCI Turkey UCITS ETF (IDTK)
  • Global X Silver Miners UCITS ETF (SILV)
  • Global X Copper Miners UCITS ETF (COPX)
  • iShares Copper Miners UCITS ETF (COPM)
  • Market Access NYSE Arca Gold BUSIndex UCITS ETF (M9SD)
2 days ago

What is the best money market ETF for 2024? ›

Top money market ETFs for Q1 2024 include PULS, CSHI, and GSY. Money market ETFs are designed to preserve capital and provide income during times of market uncertainty. These funds primarily invest in highly liquid short-term debt instruments, such as Treasury Bills and investment grade corporate bonds.

Which sector fund is best for 2024? ›

Best Sectoral / Thematic Funds
Fund NameAUM
SBI PSU Fund Direct Plan IDCW Reinvestment Equity Sectoral / Thematic₹1,875.84 Cr.Invest
ICICI Prudential Infrastructure Fund Direct Plan Growth Equity Sectoral / Thematic₹5,186.46 Cr.Invest
HDFC Infrastructure Fund Growth Direct Plan Equity Sectoral / Thematic₹1,663.37 Cr.Invest
75 more rows

What is the best ETF that follows the S&P 500? ›

What's the best S&P 500 ETF?
ETFTickerAnnualized 5-year return
iShares Core S&P 500 ETFIVV15.01%
SPDR S&P 500 ETF TrustSPY14.14%
Vanguard S&P 500 ETFVOO13.15%
May 1, 2024

What is Vanguard's best performing ETF? ›

Popular Vanguard ETFs
  • Total Bond Market ETF (BND) BND tracks the performance of a broad bond index. ...
  • Total International Bond ETF (BNDX) BNDX uses hedging strategies that attempt to help with uncertainty in exchange rates. ...
  • Total International Stock ETF (VXUS) ...
  • Total Stock Market ETF (VTI)
May 1, 2024

Which ETF has the best 10 year return? ›

Top 10 ETFs by 10-year Performance
TickerFund10-Yr Return
VGTVanguard Information Technology ETF19.60%
IYWiShares U.S. Technology ETF19.58%
IXNiShares Global Tech ETF18.20%
IGMiShares Expanded Tech Sector ETF17.95%
6 more rows

Is Voo a good investment? ›

The Vanguard S&P 500 ETF (VOO 0.57%) is one of the best ways to invest in the S&P 500, which has been a pretty smart strategy over the long term. Since 1965, the S&P 500 has produced a total return of 10.2% annualized. The Vanguard ETF has an expense ratio of just 0.03%, so you get to keep most of your gains.

What is the highest performing ETF? ›

100 Highest 5 Year ETF Returns
SymbolName5-Year Return
PSIInvesco Semiconductors ETF23.83%
ITBiShares U.S. Home Construction ETF23.78%
FBGXUBS AG FI Enhanced Large Cap Growth ETN23.63%
XHBSPDR S&P Homebuilders ETF21.97%
93 more rows

Which ETF gives the highest return? ›

Performance of ETFs
SchemesLatest PriceReturns in % (as on May 08, 2024)
CPSE Exchange Traded Fund85.8099.74
Kotak PSU Bank ETF712.0070.14
Nippon ETF PSU Bank BeES79.3970.04
SBI - ETF Nifty Next 5059.63
35 more rows

Should I buy tips in 2024? ›

TIPS are more attractive if the real yield is higher than the fixed rate component on I Bonds. As of November 2024, TIPS are more attractive than I bonds because the real yield on TIPS for maturities between 5 and 17 years is 2.3% or higher. In comparison, the fixed rate component of I Bonds is only 1.3%.

What stock sectors perform best in a recession? ›

Historically, the industries considered to be the most defensive and better placed to fare reasonably during recessions are utilities, health care, and consumer staples.

What sectors are not doing well? ›

The S&P 500 utilities and consumer staples sectors are two of the worst-performing sectors in the large-cap benchmark index this year, down 10.6% and 2.4%, respectively.

Should you invest in multiple S&P 500 ETFs? ›

S&P 500 index funds will be nearly identical to one another in terms of their performance and their holdings, or the particular stocks held within the fund. Investing in multiple S&P 500 index funds will not necessarily further diversify your portfolio.

Which S&P 500 has the best return? ›

Top S&P 500 index funds in 2024
Fund (ticker)5-year annual returnsExpense ratio
iShares Core S&P 500 ETF (IVV)14.5%0.03%
Schwab S&P 500 Index (SWPPX)14.5%0.02%
Vanguard 500 Index Fund (VFIAX)14.5%0.04%
Fidelity 500 index fund (FXAIX)14.5%0.015%
4 more rows
Apr 5, 2024

Is SPLG better than VOO? ›

Average Return. In the past year, SPLG returned a total of 27.27%, which is slightly higher than VOO's 27.17% return. Over the past 10 years, SPLG has had annualized average returns of 12.70% , compared to 12.73% for VOO. These numbers are adjusted for stock splits and include dividends.

What's the best ETF to invest in right now? ›

  • ProShares Bitcoin Strategy ETF (BITO)
  • Global X Copper Miners ETF (COPX)
  • YieldMax NVDA Option Income Strategy ETF (NVDY)
  • iShares Semiconductor ETF (SOXX)
  • Simplify Interest Rate Hedge ETF (PFIX)
  • WisdomTree Japan Hedged Equity Fund (DXJ)
  • Invesco S&P 500 Momentum ETF (SPMO)

What's the best ETF to buy right now? ›

  • Top 7 ETFs to buy now.
  • Vanguard 500 ETF.
  • Invesco QQQ Trust.
  • Vanguard Growth ETF.
  • iShares Core SP Small-Cap ETF.
  • iShares Core Dividend Growth ETF.
  • Vanguard Total Stock Market ETF.
  • iShares Core MSCI Total International Stock ETF.
Apr 1, 2024

Which ETF is best for long-term investment? ›

List of 15 Best ETFs in India
  • Nippon India ETF Nifty 50 BeES. ₹ 241.63.
  • Nippon India ETF PSU Bank BeES. ₹ 76.03.
  • BHARAT 22 ETF. ₹ 96.10.
  • Mirae Asset NYSE FANG+ ETF. ₹ 84.5.
  • UTI S&P BSE Sensex ETF. ₹ 781.
  • Nippon India ETF Gold BeES. ₹ 55.5.
  • Nippon India Etf Nifty Bank Bees. ₹ 471.9.
  • HDFC Nifty50 Value 20 ETF. ₹ 123.2.
Mar 27, 2024


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