Vanguard S&P 500 ETF has no $3,000 minimum investment
Vanguard S&P 500 ETF tracks the S&P 500 index, offering the same portfolio as VFIAX without the $3,000 minimum investment.
The ETF has top holdings including NVDA and AAPL, with one-year returns differing by just 0.03% from VFIAX.
Vanguard allows a one-way, tax-free conversion from VFIAX to VOO in taxable accounts, providing an alternative to the mutual fund wrapper.