24/7 Wall Street
17 Jul 2026, 23:30 UTC · 1h ago
SPY's 0.0945% Fee Could Cost You Thousands Over Two Decades Against Its Own Sister Fund
NewsImpactScreener rates every claim in this story for market impact and maps it to the tickers most exposed.
24/7 Wall Street
17 Jul 2026, 23:30 UTC · 1h ago
NewsImpactScreener rates every claim in this story for market impact and maps it to the tickers most exposed.
What the story claims
3 claims · each scored for market impact
SPY's Unit Investment Trust (UIT) structure prevents internal dividend reinvestment and securities lending, creating a performance drag compared to open-end funds like SPYM and VOO. — This reveals a structural inefficiency that leads to lower total returns for long-term holders of the most popular S&P 500 ETF.
-0.30SPY charges a net expense ratio of 0.0945%, which is nearly five times higher than its sister fund SPYM (0.02%) and significantly higher than VOO (0.03%). — Higher costs reduce the net return for investors, though the absolute percentage difference is small.
-0.20SPY maintains a significant competitive advantage in intraday liquidity and options market depth compared to other S&P 500 ETFs. — This feature remains a critical moat that attracts and retains high-volume active traders and institutional hedgers.
+0.20Which stocks this story touches
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Highlighted as a superior, low-cost alternative with a better structure for long-term compounding.
Criticized for having higher expense ratios and structural inefficiencies compared to cheaper alternatives for long-term investors.
Praised as a low-fee alternative with a beneficial open-end structure.
Mentioned as part of the low-fee tier of S&P 500 ETFs.
[mutual] Both are S&P 500 index ETFs competing for the same customer base.
[mutual] Both are S&P 500 index ETFs competing for the same customer base.
[mutual] Both are low-fee S&P 500 index ETFs competing for the same customer base.
[mutual] Both are low-fee S&P 500 index ETFs competing for the same customer base.
[mutual] Both are S&P 500 ETFs from the same issuer (State Street) competing for investor capital.
[mutual] Both are low-fee S&P 500 index ETFs competing for the same customer base.
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