Vanguard's S&P 500 ETF Hits $100 Billion Inflows In 2024: Is SPY's Crown At Risk?
Vanguard's S&P 500 ETF Hits $100 Billion Inflows In 2024: Is SPY's Crown At Risk?
Despite SPY still holding the title of the world's largest ETF, with $620 billion in assets under management (AUM), the gap between it and VOO — currently at $579 billion — has narrowed to $41 billion.The Vanguard S&P 500 ETF (NYSE:VOO) has shattered records, crossing $100 billion in annual inflows this year, a historic high for any ETF over the same period.
先鋒標準普爾500 etf（紐交所：VOO）打破了紀錄，今年的年流入額超過1000億，是任何etf在同一時期的歷史最高。
Data from ETF.com shows that the fund witnessed $101.07 billion in fresh money from investors, more than the combined inflows of its two closest competitors: iShares Core S&P 500 ETF (NYSE:IVV) with $59.2 billion and SPDR S&P 500 ETF Trust (NYSE:SPY) with just $22.9 billion.
來自ETF.com的數據表明，該基金獲得了1010.7億的投資者新資金，超過了兩個最接近競爭對手的總流入：iShares Core 標準普爾500 etf（紐交所：IVV）爲592億，而SPDR標準普爾500 etf trust（紐交所：SPY）僅爲229億。
In the multi-trillion-dollar exchange-traded fund industry, this trend is sparking debate over whether SPY, the world's largest ETF, is now on the brink of losing its long-standing crown.
在數萬億美元的交易所交易基金行業板塊中，這一趨勢引發了關於SPY是否即將失去其長期王冠的辯論，因爲SPY是全球最大的etf。
$VOO Poised To Become The World's Largest ETF Next Year
$VOO有望在明年成爲全球最大的etf
Despite SPY still holding the title of the world's largest ETF, with $620 billion in assets under management (AUM), the gap between it and VOO — currently at $579 billion — has narrowed to $41 billion.
儘管SPY仍然保持全球最大的etf，管理的資產（AUM）爲6200億，但它與VOO之間的差距——目前爲5790億——縮小至410億。
"That means that there is a very real possibility that VOO overtakes SPY as the world's largest ETF as soon as next year," commented Sumit Roy, senior analyst at ETF.com.
"這意味着VOO很有可能在明年就超越SPY，成爲全球最大的etf，" ETF.com的高級分析師Sumit Roy評論道。
"But even if that happens, SPY's slide down the ETF leaderboard might not stop there. IVV is also nipping at its heels, with $565 billion in AUM," he added.
"但即使那樣，SPY在etf排行榜上的滑落可能也不會就此停止。IVV也緊隨其後，管理資產達到5650億，"他補充道。
World's 10 Largest ETFs by AUM
全球前10大etf按管理資產排名
| ETF Name | AUM ($ bn) | Expense ratio |
|---|---|---|
| SPDR S&P 500 ETF TRUST | 620.26 | 0.09% |
| Vanguard S&P 500 ETF | 579.35 | 0.03% |
| iShares Core S&P 500 ETF | 559.64 | 0.03% |
| Vanguard Total Stock Market (NYSE:VTI) | 460.11 | 0.03% |
| Invesco QQQ Trust, Series 1 (NASDAQ:QQQ) | 310.27 | 0.20% |
| Vanguard Growth ETF (NYSE:VUG) | 151.13 | 0.04% |
| Vanguard FTSE Developed Markets ETF (NYSE:VEA) | 135.42 | 0.06% |
| Vanguard Value ETF (NYSE:VTV) | 133.31 | 0.04% |
| Vanguard Total Bond Market (NYSE:BND) | 119.17 | 0.03% |
| ETF 名稱 | 資產管理規模（億美元） | 費用比率 |
|---|---|---|
| SPDR標普500指數交易信託基金(trust) | 620.26 | 0.09% |
| Vanguard S&P 500 ETF | 579.35 | 0.03% |
| iShares 核心標普500 ETF | 559.64 | 0.03% |
| 先鋒總股票市場（紐交所：VTI） | 460.11 | 0.03% |
| 英維克QQQ信託，系列1（納斯達克：QQQ） | 310.27 | 0.20% |
| 成長股etf-vanguard (紐交所:VUG) | 151.13 | 0.04% |
| 富時成熟市場etf-vanguard (紐交所:VEA) | 135.42 | 0.06% |
| 價值股etf-vanguard (紐交所:VTV) | 133.31 | 0.04% |
| 富時總債券市場etf (紐交所:BND) | 119.17 | 0.03% |
Expense Ratio: A Critical Factor For VOO's Institutional Inflows
費用比率：對VOO的機構流入的關鍵因素
A key driver of VOO's success is its rock-bottom expense ratio of 0.03%, less than a third of SPY's 0.0945%.
VOO成功的一個關鍵驅動力是其極低的費用比率，僅爲0.03%，不到SPY的0.0945%的三分之一。
These differences have significant implications, especially for institutional investors managing billions.
這些差異具有重要意義，尤其是對於管理數十億資產的機構投資者。
A retail investor putting $5,000 into VOO at the start of the year would pay only $1.50 in annual expenses, while the same investment in SPY would cost $4.73 – basically an irrelevant difference.
一個零售投資者在年初投入$5,000到VOO，只需支付$1.50的年度費用，而同樣的投資在SPY中則需$4.73——這基本上是一個無關緊要的差別。
In sharp contrast, an institutional investor allocating $5 billion to VOO would pay just $1.5 million in fees, compared to $4.73 million with SPY—a staggering $3.23 million difference.
相比之下，一個將$50億配置到VOO的機構投資者僅需支付$150萬的費用，而SPY則要$473萬——差額高達$323萬。
This simple example may explain that expense ratio differences are a huge driver of wholesale investor flows into ETFs.
這個簡單的例子可能解釋了費用比率的差異是驅動批發投資者流入etf的重要因素。
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