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.
先锋标准普尔500 etf（纽交所：VOO）打破了纪录，今年的年流入额超过1000亿，是任何etf在同一时期的历史最高。
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.
来自ETF.com的数据表明，该基金获得了1010.7亿的投资者新资金，超过了两个最接近竞争对手的总流入：iShares Core 标准普尔500 etf（纽交所：IVV）为592亿，而SPDR标准普尔500 etf trust（纽交所：SPY）仅为229亿。
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.
在数万亿美元的交易所交易基金行业板块中，这一趋势引发了关于SPY是否即将失去其长期王冠的辩论，因为SPY是全球最大的etf。
$VOO Poised To Become The World's Largest ETF Next Year
$VOO有望在明年成为全球最大的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.
尽管SPY仍然保持全球最大的etf，管理的资产（AUM）为6200亿，但它与VOO之间的差距——目前为5790亿——缩小至410亿。
"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.
"这意味着VOO很有可能在明年就超越SPY，成为全球最大的etf，" ETF.com的高级分析师Sumit Roy评论道。
"But even if that happens, SPY's slide down the ETF leaderboard might not stop there. IVV is also nipping at its heels, with $565 billion in AUM," he added.
"但即使那样，SPY在etf排行榜上的滑落可能也不会就此停止。IVV也紧随其后，管理资产达到5650亿，"他补充道。
World's 10 Largest ETFs by AUM
全球前10大etf按管理资产排名
| ETF Name | AUM ($ 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 名称 | 资产管理规模（亿美元） | 费用比率 |
|---|---|---|
| SPDR标普500指数交易信托基金(trust) | 620.26 | 0.09% |
| Vanguard S&P 500 ETF | 579.35 | 0.03% |
| iShares 核心标普500 ETF | 559.64 | 0.03% |
| 先锋总股票市场（纽交所：VTI） | 460.11 | 0.03% |
| 英维克QQQ信托，系列1（纳斯达克：QQQ） | 310.27 | 0.20% |
| 成长股etf-vanguard (纽交所:VUG) | 151.13 | 0.04% |
| 富时成熟市场etf-vanguard (纽交所:VEA) | 135.42 | 0.06% |
| 价值股etf-vanguard (纽交所:VTV) | 133.31 | 0.04% |
| 富时总债券市场etf (纽交所:BND) | 119.17 | 0.03% |
Expense Ratio: A Critical Factor For VOO's Institutional Inflows
费用比率：对VOO的机构流入的关键因素
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成功的一个关键驱动力是其极低的费用比率，仅为0.03%，不到SPY的0.0945%的三分之一。
These differences have significant implications, especially for institutional investors managing billions.
这些差异具有重要意义，尤其是对于管理数十亿资产的机构投资者。
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.
一个零售投资者在年初投入$5,000到VOO，只需支付$1.50的年度费用，而同样的投资在SPY中则需$4.73——这基本上是一个无关紧要的差别。
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，一个将$50亿配置到VOO的机构投资者仅需支付$150万的费用，而SPY则要$473万——差额高达$323万。
This simple example may explain that expense ratio differences are a huge driver of wholesale investor flows into ETFs.
这个简单的例子可能解释了费用比率的差异是驱动批发投资者流入etf的重要因素。
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