Vanguard index product becomes first ETF to top $1 trillion in assets

Vanguard index product becomes first ETF to top $1 trillion in assets Salim Ramji, CEO of Vanguard, speaks to The Economic Club of New York · Reuters Suzanne McGee Wed, June 3, 2026 at 11:44 PM GMT+2 1 min read VOO SPY ^GSPC IVV By Suzanne McGee ORLANDO, Florida, June 3 (Reuters) - The Vanguard S&P 500 ETF, the index investing pioneer's ‌flagship exchange-traded product, became the first in ‌the history of ETFs to reach and exceed $1 trillion in assets, ​the investment firm confirmed on Wednesday. The Vanguard fund hit this milestone, the latest record in the remarkable ascent of exchange-traded funds, on Tuesday, less than 18 months after ‌overtaking State Street ⁠Investment Management's SPDR S&P 500 ETF in assets, as investors looking for broad market ⁠exposure also sought out the lowest-cost funds. VOO levies a management fee of only 0.

03%, compared to 0. 09% for ​the State ​Street fund, which now ​is third in the ‌three-way race between those two firms and BlackRock Inc.. More from Yahoo Scout Which ETFs are competing for S&P 500 market share?

How do management fees compare across major S&P funds? What milestone did the Vanguard S&P 500 ETF achieve? What factors drove Vanguard's ETF to surpass competitors?

BlackRock, the world's largest asset manager, has the second-largest ETF tracking the Standard & Poor's 500 index, with its iShares Core S&P 500 ETF that now boasts $860 billion in ‌assets and fees of 0. 03%, ​according to VettaFi. SPY, the ​market pioneer that ​helped open up the ETF market with ‌its 1993 launch, now has $785 ​billion in assets.

"This ​is a key milestone," said Todd Rosenbluth, head of research at VettaFi. "Investors continue to turn to ​low-cost broad market ‌exposure to gain access to the S&P 500 ​using VOO.