ETF Research and Analysis

by Adam McCullough, CFA
Suitability
SPDR S&P 500 ETF a compelling option for exposure to U.S. large-cap stocks. This fund gains a leg up over most of its category peers by efficiently tracking a broadly diversified and representative benchmark at a low   Read more 

Bull Case

The S&P 500 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 than funds structured as registered investment companies.
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 

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