World’s largest ETF SPY hits historic milestone as it crosses $600B in AUM

The world’s largest exchange-traded fund, the SPDR S&P 500 ETF Trust (NYSEARCA:SPY), hit an historic milestone as it became the world’s first ETF to reach $600B in assets under management.

As of October 17, SPY’s AUM totaled $603B.

SPY’s influence on the investment landscape is evident in its impressive trading statistics. The ETF trades 2.7 times more than Apple (AAPL), 3.5 times more than Microsoft (MSFT), and 7.6 times more than Google (GOOG), showcasing its unparalleled level of liquidity.

Moreover, SPY trades more than the next three most liquid ETFs combined, based on year-to-date volume, and the fund accounts for roughly 20% of the entire U.S. ETF trading volume. SPY’s presence on U.S. exchanges are also very significant, as it represents approximately 6% of all exchange volume.

These figures solidify SPY’s status as a cornerstone of global financial markets. As investors continue to flock to low-cost, diversified ETFs, SPY’s remarkable growth signals a shift toward passive investing and its increasing role in shaping modern portfolios.

This achievement of surpassing $600B showcases the profound impact SPY has had since its launch as the first U.S.-listed exchange-traded fund, transforming how traders and investors access the market.

Year-to-date performance for SPY: +22.5%.

For traders looking to track SPY and its accompanying benchmark S&P 500 index (SP500), here are some other ETFs and mutual funds that may be of interest:(VOO), (IVV), (SSO), (RSP), (UPRO), (SH), (SDS), (SPXU), (FXAIX), (VFIAX), and (VFFSX).