Australian (ASX) Stock Market Forum

Hi Does anyone know why the SPY SPDR has had a negative correlation to the S&P 500 for the last 4 days and what this may mean?
 
SPY breaking down?

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The SPDR S&P 500 ETF Trust seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of the S&P 500 Index.

http://www.spdr.com.au/etf/fund/fund_detail_SPY.html
is this VOO even a thing?

Vanguard's massive ETF growth propels it to the top of the ETF management game.

Vanguard’s S&P 500 ETF (VOO) has overtaken State Street Global Advisors’ SPDR S&P 500 ETF (SPY) to become the world’s largest exchange-traded fund, marking a significant shift in the $US11 trillion ($17.3 trillion) ETF industry. As of 2025, VOO holds nearly $US632 billion in assets after attracting around $US23 billion in inflows this year, according to Bloomberg data. This surpasses SPY, which previously held the top spot with $US630 billion in assets.

SPY, launched in 1993 by the then-American Stock Exchange and State Street Global Advisors, has long dominated the ETF market, benefiting from its status as one of the oldest ETFs still in existence. Its first-mover advantage helped it build a massive presence in terms of trading volume and liquidity.

However, since its inception in 2010, VOO has steadily gained ground, fueled by Vanguard’s strong base of fee-conscious retail investors and financial advisors. Last year, VOO set a record by pulling in more than $US116 billion in new investment, reflecting the growing appeal of low-cost ETFs for long-term investors.

There’s a symbolic moment here in that SPY was created to trade. It was literally invented by an exchange. It’s the liquidity king,” said Eric Balchunas, senior ETF analyst at Bloomberg Intelligence. “VOO taking over shows how much the retail and adviser market have adopted ETFs.”

While SPY remains a dominant force in ETF trading, VOO’s rise highlights the growing demand for low-fee, passive investment strategies. As retail and institutional investors continue shifting toward ETFs, competition among fund managers is expected to intensify.
 
is this VOO even a thing?

Vanguard's massive ETF growth propels it to the top of the ETF management game.

Vanguard’s S&P 500 ETF (VOO) has overtaken State Street Global Advisors’ SPDR S&P 500 ETF (SPY) to become the world’s largest exchange-traded fund, marking a significant shift in the $US11 trillion ($17.3 trillion) ETF industry. As of 2025, VOO holds nearly $US632 billion in assets after attracting around $US23 billion in inflows this year, according to Bloomberg data. This surpasses SPY, which previously held the top spot with $US630 billion in assets.

SPY, launched in 1993 by the then-American Stock Exchange and State Street Global Advisors, has long dominated the ETF market, benefiting from its status as one of the oldest ETFs still in existence. Its first-mover advantage helped it build a massive presence in terms of trading volume and liquidity.

However, since its inception in 2010, VOO has steadily gained ground, fueled by Vanguard’s strong base of fee-conscious retail investors and financial advisors. Last year, VOO set a record by pulling in more than $US116 billion in new investment, reflecting the growing appeal of low-cost ETFs for long-term investors.

There’s a symbolic moment here in that SPY was created to trade. It was literally invented by an exchange. It’s the liquidity king,” said Eric Balchunas, senior ETF analyst at Bloomberg Intelligence. “VOO taking over shows how much the retail and adviser market have adopted ETFs.”

While SPY remains a dominant force in ETF trading, VOO’s rise highlights the growing demand for low-fee, passive investment strategies. As retail and institutional investors continue shifting toward ETFs, competition among fund managers is expected to intensify.
Thanks for the update on VOO and the SPY.

Interestingly the online broker I use for US trades, IKBR , Interactive Brokers , late last year suggested there were better etf's than SPY which I held. While not recommending VOO specifically they did suggest "looking elsewhere due to fees". Perhaps the word on liquidity vs fees is getting out to retail such as I and may contribute to the change in fortunes of the 2 etf's.

I was unsure which to change to, so kept the SPY until I was ready to sell anyway. A dood information post @Dona Ferentes .

gg
 
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