ETF Research and Analysis

by Adam McCullough, CFA
Suitability
SPDR S&P 500 ETF offers diversified exposure to U.S. large-cap stocks. A reasonably representative and broadly diversified benchmark leaves this fund well-positioned to continue its long streak of producing superior   Read more 

Bull Case

The index that this fund tracks is well-diversified and broadly representative of the large-cap equity opportunity set.
This is among the cheapest funds in the category.
Low turnover keeps transaction costs down. Read more 

Bear Case

As a unit investment trust, the fund cannot reinvest dividends or purchase futures or options on the index, which may create greater tracking error.
The fund's legal structure prohibits it from lending securities, which most index fund managers use to produce extra income that can help improve performance. Read more 

Why Index Construction Matters for ETF Investors 
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