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home / news releases / QQQ - IVV: The S&P 500 Is Not Expensive


QQQ - IVV: The S&P 500 Is Not Expensive

2024-03-28 21:44:36 ET

Summary

  • The iShares Core S&P 500 ETF replicates the S&P 500 faithfully and has identical long-term performance at a .03% fee.
  • IVV strikes a diversified balance between growth and value and is an excellent proxy for many of the best US companies.
  • The market (S&P 500) is not irrationally expensive, with a PE ratio of 20x and a PEG ratio of 1.5x.
  • However, bottom consensus price targets point to a 5% upside potential to year-end.  The start of a Fed easing cycle and higher earnings growth via productivity are required for stronger medium-term gains.

Summary

For further details see:

IVV: The S&P 500 Is Not Expensive
Stock Information

Company Name: PowerShares QQQ Trust Ser 1
Stock Symbol: QQQ
Market: NASDAQ

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