Vanguard S&P 500 ETF (VOO) Performance and Investment Insights

The Vanguard S&P 500 ETF (VOO), a popular investment vehicle tracking the performance of the S&P 500 index, has shown significant growth over the past year. As of October 23, 2024, VOO is up 0.07% over the past five days and has risen 41.06% over the past year.

According to TipRanks‘ ETF analyst consensus, VOO is currently rated as a Moderate Buy, with a Street average price target of $587.52, implying an upside of 9.58%. The ETF’s holdings with the highest upside potential include Moderna (MRNA), First Solar (FSLR), Halliburton (HAL), LKQ Corporation (LKQ), and Biogen (BIIB).

On the other hand, the holdings with the greatest downside potential are Palantir (PLTR), Boston Properties (BXP), Axon Enterprise (AXON), AFLAC (AFL), and Walgreens Boots Alliance (WBA).

Investors considering VOO for a shorter investment horizon, such as 5-10 years, are advised to exercise caution. Several investors on Reddit suggest that this timeframe is risky for stock market investments, recommending instead a mix of equities and bonds or the use of target date funds (TDFs) to mitigate risk.

Historically, consistent investments in the S&P 500, as tracked by VOO, have been a pathway to significant long-term wealth accumulation. For example, investments in VOO since its IPO have returned over 587%, outperforming the broader S&P 500 index.