Both track the S&P 500. Both charge 0.03% in expenses. Yet over the past year, IVV returned 32.22% while VOO returned 32.12%. Over ten years, the gap flipped the other way: VOO at 318.99% versus IVV at 318.56%. Tiny gaps, but real, and they come from fund plumbing rather than index composition.
VTI tracks the CRSP US Total Market Index. ITOT, run by BlackRock's iShares, follows the S&P Total Market Index (TMI). Both reach across mega caps, mid caps, and small caps, so the top of each portfolio looks nearly identical. ITOT's published top holdings include NVIDIA at 6.69%, Apple at 5.88%, Microsoft at 4.34%, Amazon at 3.21%, and Alphabet's Class A shares at 2.64%.
Founded in 1946, Fidelity Investments of Boston is one of America's largest managers of mutual funds and exchange-traded funds (ETFs). Retirees looking for ETFs with low management fees have a lot of options at Fidelity. Here are 10 ETFs with the lowest expense ratios at the company. No. 10: Fidelity MSCI Financials Index ETF (FNCL) This ETF invests in financial institutions, seeking to track the MSCI USA IMI Financials Index. Top holdings include JP Morgan Chase, Mastercard and Visa.