The author argues the Vanguard S&P 500 ETF (VOO) remains one of the best long-term investments despite questions about concentration. Technology makes up roughly 40% of the index and the top 10 holdings nearly 40%, both historically high, making the S&P 500 less diversified than at almost any point in its history. The author attributes the index's adaptability to its market-cap weighting, which has shifted leadership from railroads and energy to financials and now technology. The index includes hundreds of the largest U.S. companies, but it may still go through periods of concentration, underperformance, or a 20% to 30% drawdown.
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• NeutralSPDR S&P 500 ETF
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/30/2026 | 755.71 |
| Change that session | -1.77% |
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