285.88 +1.82 (0.64%)
Pre-Market: 6:53AM EDT
|Bid||284.03 x 4000|
|Ask||0.00 x 4000|
|Day's Range||282.47 - 285.11|
|52 Week Range||235.46 - 296.93|
|PE Ratio (TTM)||85.64|
|Beta (3Y Monthly)||1.00|
|Expense Ratio (net)||0.04%|
Over the past three years, the iShares Core S&P 500 ETF (IVV) , which tracks the benchmark S&P 500 Index, is higher by 48.6% while the iShares MSCI ACWI ex U.S. ETF (ACWX) is up just 27.3% over the same period. ACWX tracks the MSCI ACWI ex USA Index, which excludes U.S. equities. Some market observers believe expected returns on U.S. stocks are lower from a historical perspective due to high valuations.
We look at the differences in investing in an S&P 500 and the Russell 2000 exchange-traded funds, and when to choose the one over the other.
BY JOHN MAULDIN In the course of inventing new tools, sometimes you find that the old tools weren’t so bad. Sometimes they might even be better than your “improved” versions . And that might be the case with our key inflation measure. My friend John ...
How to Make Sense of Economic Indicators and Invest Accordingly(Continued from Prior Part)Wall Street and the economyIn developed economies like the US, the stock market and the real economy are closely linked, or at least this used to be the
Gold: Analysts Are Bullish despite Weak Performance in 2019(Continued from Prior Part)BMO Capital Markets BMO Capital Markets raised its gold price forecast for 2019 0.8% to $1,293 per ounce in March. The firm is expecting gold prices to average
Do Strong Growth and Weak Inflation Make a Case for a Lower Rate?(Continued from Prior Part)Fed to balance strong growth and muted inflation The Fed is starting its two-day policy meeting tomorrow. While the markets aren’t expecting any changes in
Why Jeffrey Gundlach Thinks Now's a Good Selling OpportunityJeffrey Gundlach on markets So-called bond king Jeffrey Gundlach, who is also the CEO of DoubleLine Capital, discussed his views regarding markets, assets, and the economy in general during
Ups and Downs for Einhorn’s Greenlight Capital in Q1(Continued from Prior Part)Einhorn is a Tesla bear David Einhorn is known for being short on Tesla (TSLA). Last November, he referred to Tesla’s peak in the last quarter as being “as good as
The SPDR S&P 500 ETF (NYSEARCA:SPY) has some nifty superlatives attached to it. Having debuted in 1993, SPY is the first ETF that listed in the U.S. As of April 10, 2019, SPY is home to $274.23 billion in assets under management, making it the world's largest ETF.Source: Shutterstock SPY's size is remarkable. Consider this: SPY has nearly $100 billion more in assets than the second-largest U.S. listed ETF, the iShares Core S&P 500 ETF (NYSEARCA:IVV). There are other important differences between SPY and its primary rivals, IVV and the Vanguard S&P 500 ETF (NYSEARCA:VOO), for investors to consider. The Case for SPY's RivalsLong term, buy-and-hold investors may want to consider IVV or VOO over SPY. With an annual fee of 0.0945%, or $9.45 on a $10,000 investment, SPY fits the bill as a cheap ETF, but it is not cheap as its rivals. IVV and VOO both charge 0.04% per year. Additionally, due to the way SPY is structured, its dividends cannot be reinvested. Owing to the fact that SPY is one of the world's oldest ETFs, it is structured as a unit investment trust (UIT).InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 9 High-Risk Stocks to Buy for Massive Rewards Under the UIT structure, SPY's dividends are held until the end of the quarters and paid out to shareholders. By not being able to reinvest dividends, SPY shareholders lose the potency of compounding, something that is not an issue with IVV or VOO.Conversely, SPY is the go-to ETF for professional investors looking for cost-efficient, easy, liquid exposure to U.S. stocks. SPY's tight bid/ask spreads ensure professional traders can transact in SPY in significant size without disrupting the underlying market. Additionally, SPY has a massive options market, often larger than the fund's total assets under management, adding another layer of liquidity to the fund. What You're Getting With SPYAs its name implies, SPY tracks the venerable S&P 500, the world's most widely followed equity benchmark. The weighted average market capitalization of SPY's holdings is nearly $238 billion, confirming the S&P 500's status as a mostly large-cap index.The S&P 500 and the aforementioned ETFs are cap-weighted, meaning the largest U.S. companies command the biggest weights in the index and in SPY. As of April 10, Microsoft (NASDAQ:MSFT), Apple (NASDAQ:AAPL) and Amazon.com (NASDAQ:AMZN) combined for 10.73% of SPY's weight.The S&P 500 is home to 11 sectors with weights ranging from 2.68% for materials at the bottom to 21.46% for technology at the top. After technology, healthcare and financial services follow with weights of 14.30% and 12.80%, respectively. Bottom Line on the SPYThe bottom line with SPY and the other ETFs mentioned here is that investors considering these funds are making a bet on U.S. stocks and the world's largest economy. With that wager comes macro risk, including the Federal Reserve, electoral politics, geopolitical flare ups and more.Imminently, the SPY thesis will be tested by first-quarter earnings reports and it is earnings that usually chart the course for SPY and rival funds."Industry analysts in aggregate predict the S&P 500 will see a 7.5% increase in price over the next twelve months," according to FactSet. "This percentage is based on the difference between the bottom-up target price and the closing price for the index as of yesterday (April 4). The bottom-up target price is calculated by aggregating the median target price estimates (based on company-level estimates submitted by industry analysts) for all the companies in the index. On April 4, the bottom-up target price for the S&P 500 was 3096.66, which was 7.5% above the closing price of 2879.39." * 7 Marijuana Companies: Which Pot Stocks Should You Buy? Healthcare and energy, two sectors that combine for almost 20% of SPY's weight, are expected to see the largest price increases.Todd Shriber owns shares of VOO. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Internet Stocks to Watch * 7 AI Stocks to Watch with Strong Long-Term Narratives * 10 Dow Jones Stocks Holding the Blue Chip Index Back Compare Brokers The post Is It Time to Buy the SPY? appeared first on InvestorPlace.
Bulls versus Bears: Analysts Are Split on the Earnings Outlook(Continued from Prior Part)BMO on the earnings recessionBMO Capital Markets has a year-end target of 3,000 for the S&P 500 (SPY). BMO’s equity strategist, Brian Belski, doesn’t
Strong Economy and a Rate Cut: Can Trump Have It Both Ways?US jobs report impressed the marketsOn April 5, the US jobs report was released, and the data came as a relief to the markets. After dismal job addition numbers in February, job gains
Job Market Rebounds in March, Markets Breathe Sigh of Relief(Continued from Prior Part)Wage growth slowed While job additions in March topped analysts’ estimate of 175,000, coming in at 196,000, wage growth came in below expectations. Economists
Job Market Rebounds in March, Markets Breathe Sigh of ReliefJob additions beat expectations The US (IVV) jobs report for March was released on April 5. Job additions in the country came in at 196,000 in March, which was higher than expected.