There's no one ETF that's 'best' for everyone. Instead, consider your own individual needs and investment strategy to decide what ETF is right for you. Further, nobody can say for certain which direction a fund will go as past performance is no guarantee of future results. So keep in mind these are ideas only and should not be taken as personal financial advice.
The S&P 500 is a stock market index that tracks the performance of 500 of the largest companies on the US stock market.
If you want to diversify your portfolio and get exposure to S&P 500 stocks, exchange traded funds (ETFs) offer an easy and affordable way to do so.
Better still, ASX-listed ETFs offer exposure to the S&P 500 without having to worry about currency conversion or US withholding tax, and you can get started with as little as a few dollars.
But with so many options to choose from, how do you find the best S&P 500 ETF? To help make your choice easier, we've crunched the numbers to find the top ASX S&P 500 ETFs you can invest in from Australia.
To select the best S&P 500 ETFs, we looked for funds that met the following conditions and sorted them based on their recent performance:
We excluded leveraged and inverse ETFs due to their higher level of risk and the fact that they're not suitable for long-term buy-and-hold investment.
Remember, the funds displayed on this page may not be the best for you and you should always do your own research or speak to a professional before investing.
There are several reasons why you might want to invest in an S&P 500 ETF:
In order to buy an S&P 500 ETF, you'll need an account with a share trading platform or broker.
While the majority of S&P ETFs trade on the US stock market, there are a number of ETFs that track the S&P 500 but trade on the Australian Securities Exchange (ASX), including the best ETFs identified in this guide.
The benefits of investing in an ASX-listed S&P 500 ETF are that you avoid the need for potentially expensive currency conversion fees and the tax complications of buying a US-listed ETF.
These days it's possible to start investing in ETFs from a few dollars, and it's even possible to pay $0 brokerage when you trade ASX S&P 500 ETFs.
You can compare share trading platforms that let you trade S&P 500 ETFs using the table below.
We currently don't have that product, but here are others to consider:
How we picked theseWe've scored over 30 share trading platforms assessing them for their core features, fees, customer experience and accessibility. Our experts give each platform a score out of 10.
Remember to consider the following factors when deciding which is the right S&P 500 ETF for your needs:
Like any type of investment, S&P 500 ETFs are not without risk. Make sure you're aware of the following risks before investing:
If you're looking for a simple way to gain exposure to some of the world's largest companies, ASX-listed S&P 500 ETFs are a convenient, cost-effective option that can help diversify your portfolio.
However, it's up to you to compare a range of options to find the right ETF. Consider your own financial goals as well as the management fees, dividend yields and track records of S&P 500 ETFs to find the best fund for your needs.
Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, options or any specific provider, service or offering. It should not be relied upon as advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involve substantial risk of loss and therefore are not appropriate for all investors. Past performance is not an indication of future results. Consider your own circumstances and obtain your own advice before making any trades. Read the Product Disclosure Statement (PDS) and Target Market Determination (TMD) for the product on the provider's website.
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