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by everfree 1536 days ago
> SPY and VOO have a slightly different mix of stocks and VOO had a larger maximum drawdown at -19.58% vs -19.43%. It’s easy to argue that VOO is obviously better, but I don’t think that’s completely accurate.

We're really splitting hairs here. SPY and VOO don't have a "slightly different mix of stocks," they have an effectively identical mix of stocks. They use identical strategies to track an identical index.

The difference you're seeing likely comes down to the exchange traded product's discount/premium to NAV, or is the result of sheer chance due to slightly different timings of rebalancing, dividends, etc between the two issuers.

> More importantly even with the first mover advantage SPY is only twice the size of VOO rather than 10x the size of all competitors combined.

SPY is 20x the size of VOO by volume, which is the metric you're using to compare USDT to USDC. So by volume SPY is actually even more dominant over VOO than USDT is over USDC, not less.

All that said, even if what you were saying about SPY and VOO were true, I still disagree that it's logical to use an instrument's popularity as a proxy for its financial soundness.
1 comments
Retric 1536 days ago
> The difference your seeing

No, it’s both a different list and slightly different weighting. VOO 510 companies https://stockanalysis.com/etf/voo/holdings/

SPY 507 companies https://stockanalysis.com/etf/spy/holdings/

As to trading volume, 10:1 is comparing every stable coin. There are far more than just 2 mutual funds loosely tracking the S&P 500.

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everfree 1536 days ago
That data is out of date. Go directly to Vanguard's VOO page and you can see that they also hold 507 companies, just like SPY. But it doesn't even matter.

Even if the fund held 510 companies, those last three companies would each represent 0.00% of the fund's holdings. We're literally arguing over a 0.00% difference between two funds.

I also think that the difference between a comparison to total market volume and a comparison to a second competitor is immaterial to this conversation. It doesn't really affect any conclusions about anything.

In conclusion, we're so far off-topic that it may be best to call this thread quits.

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