With more than 4,000 ETFs, it is easy to get lost in the tickers. Last week’s ETF.com awards program even had a category for best new ticker. However, there could only be one ticker that won the coveted ETF of the Year for 2024. That was the Vanguard S&P 500 ETF (VOO ). VettaFi was there to celebrate with the industry.
A Record-Breaking Year
While VOO became the largest U.S- listed ETF in 2025, last year was a record-breaking one for the Vanguard ETF. VOO had net inflows of $116 billion, more than twice the amount any ETF pulled in previously. The flows were strong throughout the year though they accelerated in the fourth quarter.
VOO also rose in value 25% in 2024. This was the ETF’s second straight year of 20%-plus gains. The fund tracks a widely followed large-cap index. For many advisors and investors, it serves as a core building block for a portfolio. Indeed, while VOO declined in value thus far in 2025, the ETF has gathered $50 billion as of late April. VOO’s net inflows in 2025 are equal to the next four most popular ETFs. It is remarkable that a new record could be set so fast.
I’m sure many readers already know the following, but I’m here to share. There are 500 companies represented in VOO, but not 500 stocks. There are actually more than 500 holdings as some companies like Alphabet have dual share classes.
What’s Inside VOO?
As of the end of the first quarter, information technology was the largest of the 11 sectors represented. Tech was 30% of VOO’s assets. However, consumer discretionary, financials, and healthcare sectors each comprised more than 10% of the portfolio. Communications services, consumer staples, energy, industrials, materials, real estate, and utilities companies can also be found within the fund.
Apple was the largest position at 7% of VOO, while fellow tech sector constituents Microsoft and Nvidia were close to 6% each. Other companies like Amazon.com and Alphabet are thought of as information technology stocks, but they are actually in other sectors.
VOO is market-cap-weighted, with the median-sized company worth $247 billion. More moderately sized companies like Caesars Entertainment, Franklin Resources, and Milrose Properties were 0.01% of the ETF’s assets.
As a portfolio, VOO had a price-to-earnings ratio of 25 and price-to-book ratio of 4.6, according to Vanguard. VOO undergoes minimal annual turnover, with the latest rate of 2.3%. Vanguard closely follows changes made by S&P Dow Jones to the underlying index throughout the year.
VettaFi Joined for the Awards Event
VOO provides access to these companies for a minuscule fee of 0.03%. While the fund is not the cheapest U.S. large-cap equity ETF, VOO is the most popular. I could not think of a more appropriate award recipient for the ETF of the Year for 2024 than Vanguard S&P 500 ETF. I’m glad VettaFi got the opportunity to celebrate with the Vanguard team, as well as many of their peers, on site.
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