The lowest-fee ETFs that buy the S&P 500.
- First0.04%a yearIVV · iShares S&P 500 ETFiShares0.02% average spread · $14.9bn investedGo to site
- Second0.07%a yearV500 · Vanguard S&P 500 US Shares Index ETFVanguard0.042% average spread · $183m investedGo to site
- Third0.09%a yearV5AH · Vanguard S&P 500 US Shares Index (Hedged) ETFVanguardHedged · 0.064% average spread · $28m investedGo to site
Ranked by the management fee (MER) a year, lowest first; a tie goes to the narrower average bid/ask spread. Leaves out actively managed funds, which don’t buy the index, and complex products (geared, short or built on derivatives). Compares 3 issuers, not the whole market.
The other 2 ETFs
Ranked by the management fee (MER) a year, lowest first; a tie goes to the narrower average bid/ask spread.
| # | ETF | Spread | Fund size | S&P 500 | Links |
|---|---|---|---|---|---|
| 4 |  | 0.035% | $403m | 0.0945%a year0.05 above first ranked | Go to site |
| 5 |  | 0.025% | $4.25bn | 0.10%a year0.06 above first ranked | Go to site |
- 4SPY · SPDR S&P 500 ETFState Street0.0945%a year0.05 above first ranked0.035% average spread · $403m invested
- 5IHVV · iShares S&P 500 AUD Hedged ETFiShares0.10%a year0.06 above first rankedHedged · 0.025% average spread · $4.25bn invested
Every fund here follows the S&P 500. A hedged fund also pays to remove the effect of the Australian dollar’s moves against the US dollar, and is marked Hedged.
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As of 14 October 2026, among the S&P 500 ETFs on the ASX that BankMate tracks, the lowest management fee is 0.04% a year, at IVV (iShares S&P 500 ETF). How we rank →