Vanguard’s VOO Becomes the World’s Largest ETF, Surpassing State Street’s SPY

The Vanguard S&P 500 ETF overtakes the SPDR S&P 500 Trust after massive inflows, marking a significant shift in the ETF industry.

Vanguard’s VOO now holds $632.2 billion in assets, surpassing SPY’s $630.4 billion, according to data from FactSet and Bloomberg.
VOO achieved this milestone after $121.1 billion in net inflows over the past year, compared to SPY’s $23.6 billion in the same period.
Investors are drawn to VOO’s lower expense ratio of 0.03%, compared to SPY’s 0.09%, making it a favorite among cost-conscious, buy-and-hold investors.
SPY, launched in 1993 as the first U.S. ETF, remains a popular choice for institutional investors due to its liquidity and trading volume advantages.
BlackRock’s iShares Core S&P 500 ETF (IVV), with $609 billion in assets and a matching 0.03% fee, remains a strong competitor in the ETF landscape.