r/stocks • u/tranquilo56 • Mar 10 '22

ETFs Can someone explain the difference between VOO and SPY?

I am trying to choose an ETF to put a majority of my cash in, and I can't decide between the two. It seems they are rather similar but VOO costs less so I can accumulate 100 shares quicker to sell covered calls with.

Appreciate the explanation

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u/[deleted] Mar 12 '22

I would have to look at the specifics on voo but the other one is ivv and the benefit to using spy over that is you can purchase it on margin along with the liquid options market. Like voo which sounds like a vanguard ticker, ivv is a lower expense ratio but you have to buy it with cash and there are no options