S&P 500 ETF decision tool
VOO vs SPY: Fees, Prices and Long-Term Cost
Compare VOO and SPY prices, expense ratios, fund age, and long-term costs.
The key difference between VOO and SPY
Both track the S&P 500, but VOO has the lower annual expense ratio.
VOO and SPY prices
VOO
Vanguard S&P 500 ETF
$704.02
- Daily change
- +0.31%
- Previous close
- $701.83
SPY
State Street SPDR S&P 500 ETF Trust
$765.91
- Daily change
- +0.32%
- Previous close
- $763.47
is the timestamp of this five-minute cached quote snapshot.
Official fund facts
| Item | VOO | SPY |
|---|---|---|
| Benchmark | S&P 500 | S&P 500 |
| Expense ratio | 0.03% | 0.0945% |
| Inception date | Sep 7, 2010 | Jan 22, 1993 |
| Facts as of | Apr 28, 2026 | Jul 28, 2026 |
Long-term cost difference calculator
Use the same principal and gross return while applying VOO’s 0.03% and SPY’s 0.0945% expense ratios.
- VOO after fees
- $38,480
- SPY after fees
- $38,019
- Estimated VOO advantage
- $461
This estimate assumes unchanged expense ratios and reinvestment at the same return. It excludes taxes, commissions, bid-ask spreads, and tracking differences.
VOO
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Which ETF fits each investor?
VOO is a direct choice when the priority is long-term S&P 500 exposure with a lower stated expense ratio. Frequent traders or investors using SPY options should compare actual spreads and their trading strategy in addition to the annual fee. A lower share price does not make one ETF a better investment.
Why are their returns usually similar?
Both products track the S&P 500, so their major holdings and broad market direction overlap. Actual returns also reflect expenses, tracking differences, and distribution reinvestment timing. Similar historical returns do not guarantee future results.
Official fund documents
Expense ratios, inception dates, and benchmark details come from each sponsor’s product page. Fund terms can change, so investors should check the latest documents before buying.
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VOO vs SPY questions
Do VOO and SPY track the same index?
Both ETFs track the S&P 500. Their structures, expenses, and realized tracking results can still differ.
Which has the lower expense ratio, VOO or SPY?
VOO has the lower stated expense ratio at 0.03%, compared with 0.0945% for SPY.
Is the ETF with the lower share price better?
No. Share price affects the purchase unit, but it does not directly measure expected return or valuation.
What does the long-term calculator include?
It applies each official expense ratio to the same principal, horizon, and assumed gross return. It excludes taxes, trading costs, and tracking differences.