"Since its 1957 debut, the S&P 500 Index has been such a strong and reliable arbiter of US stock market health that Warren Buffett and Charlie Munger have both routinely touted it in interviews. In 2007, Buffett famously bet Ted Seides of Protégé Partners $10 million that an S&P 500 fund would beat Seides' choice of hedge funds over a 10-year span, with proceeds to go to charity. In the end, the S&P 500 returned 125.8%gain vs. 36.3% for the hedge funds."
"Such is the index's popularity that the $1.3 trillion net asset Vanguard S&P 500 ETF (NYSEARCA: VOO) is now the largest ETF in the world. With 10.79% year-to-date returns at the time of this writing, the S&P 500 is on track for another year of double digit returns by the end of December. Rival State Street's SPDR S&P 500 ETF (NYSEARCA: SPY) is right at its heels with a 10.72% year-to-date return."
The S&P 500 has served as the principal benchmark of US stock market and industry health since 1957 and is widely tracked by large passive ETFs such as VOO and SPY. Historical performance has generated strong long-term gains, highlighted by a decade-long comparison that returned 125.8% for the S&P 500 versus 36.3% for selected hedge funds. Vanguard's VOO holds roughly $1.3 trillion in net assets and, along with SPY, produced about 10.7–10.8% year-to-date returns at the referenced time. The Fundstrat Granny Shots US Large Cap ETF debuted in November 2024 with a novel stock selection process that contrasts with the S&P 500's market-cap weighting.
Read at 24/7 Wall St.
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