Editing S&P 500 (section)

===Mutual and exchange-traded funds===
[[Index fund]]s, including [[mutual fund]]s and [[exchange-traded fund]]s (ETFs), can replicate, before fees and expenses, the performance of the index by holding the same stocks as the index in the same proportions. ETFs that replicate the performance of the index are issued by [[The Vanguard Group]] ({{NYSE Arca|VOO}}), [[iShares]] ({{NYSE Arca|IVV}}), and [[State Street Corporation]] ([[SPDR S&P 500 ETF Trust]], {{NYSE Arca|SPY}} and {{NYSE Arca|SPLG}}). The most liquid based on average daily volume is ({{NYSE Arca|SPY}}), although SPY has a higher annual expense ratio of 0.09% compared to 0.03% for VOO and IVV, and 0.02% for SPLG. Mutual funds that track the index are offered by [[Fidelity Investments]], [[T. Rowe Price]], and [[Charles Schwab Corporation]].<ref>{{cite news | url=https://money.usnews.com/investing/funds/slideshows/s-p-index-funds-to-buy-now | title=7 S&P Index Funds to Buy Now | first=Ellen | last=Chang | work=[[U.S. News & World Report]] | date=June 28, 2019}}</ref><ref>{{Cite web |url=https://www.thebalancemoney.com/best-sandp-500-index-funds-2466399 |title=The Best S&P 500 Index Funds |last=Thune |first=Kent |website=[[The Balance (website)|The Balance]] |archive-url=https://web.archive.org/web/20230603123933/https://www.thebalancemoney.com/best-sandp-500-index-funds-2466399 |archive-date=June 3, 2023 |url-status=live}}</ref>

[[Direxion]] offers [[leveraged ETFs]] which attempt to produce three times the daily return of either investing in ({{NYSE Arca|SPXL}}) or [[Short (finance)|short]]ing ({{NYSE Arca|SPXS}}) the S&P 500 index.<ref>{{Cite web | url=https://www.direxion.com/product/daily-sp-500-bull-bear-3x-etfs | title=SPXL SPXS | publisher=[[Direxion]]}}</ref> [[ProShares]] offers 2x daily return ({{NYSE Arca|SSO}}) and 3x daily return ({{NYSE Arca|UPRO}}).