SPYM vs. SPY: Lower Fees, Same S&P 500 Exposure

SPDR offers an ETF called SPYM, which tracks the S&P 500 and comes with significantly lower fees. What's interesting is that SPYM holds the exact same stocks, in the same proportions, as the popular SPY fund. Both also pay similar dividends. The key difference lies in the expense ratio: SPYM charges just 0.02% in fees, while SPY charges 0.0945%. This means SPYM costs about one-fifth of the fees of SPY, offering identical exposure to the S&P 500. This could impact how much of your investment goes to fees versus growth.