Even at an All-Time High, The Vanguard S&P 500 ETF Isn't as Expensive as It Seems

Exchange-traded funds (ETFs) can provide low-cost ways to get exposure to a diversified basket of stocks. With over $1.5 trillion in assets, the Vanguard S&P 500 ETF (NYSEMKT: VOO) is the largest S&P 500 (SNPINDEX: ^GSPC) fund by net assets -- even larger than the iShares Core S&P 500 ETF and the SPDR S&P 500 ETF Trust .The Vanguard S&P 500 ETF is hovering around an all-time high at the time of this writing -- up 8.5% year to date and a whopping 66.4% since the start of 2023. But S&P 500 earnings haven't grown nearly as fast, which has pushed up the valuation of the index.Here's why the S&P 500 isn't as expensive as it seems, including a few reasons why it could still be a good buy at an all-time high.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool