Discover the best index funds for 2024 that offer broad market exposure with low costs. These funds track the S&P 500, providing diversification and strong potential returns. Ideal for investors aiming for cost-effective, reliable stock market investments, including ETFs and mutual funds recognized for their affordability and performance.

Top Index Funds to Consider for 2024 Investment Success

Choosing index funds is an effective way to gain diversified exposure to the stock market at a low cost. These funds reduce investment risk by tracking broad market indices, making them preferred choices over individual stocks. For 2024, the leading options are based on the S&P 500, representing 500 large-cap companies from various sectors. Below, we highlight some of the best S&P 500 index funds known for affordability and solid returns.

Fidelity Zero Large Cap Index (FNILX)

This fund replicates the Fidelity Large Cap Index, closely aligned with the S&P 500. Its main advantage is a zero expense ratio, appealing to cost-conscious investors. Fund management costs are minimized since Fidelity doesn’t use the S&P 500 branding, supporting long-term growth.

Schwab S&P 500 Index Fund (SWPPX)

This fund aims to replicate the S&P 500's performance, investing approximately 80% of assets in the index's stocks. It tracks the total return with an ultra-low expense ratio of 0.02%, making it highly suitable for cost-effective investing.

SPDR S&P 500 ETF Trust (SPY)

Established in 1993, SPY is one of the most actively traded ETFs worldwide. It closely follows the S&P 500 index and offers high liquidity, often resulting in lower trading costs. With an expense ratio of 0.09%, it’s a versatile choice for both short-term and long-term investors.

Vanguard 500 Index Fund Admiral Shares (VFIAX)

With over USD 740 billion in assets, VFIAX ranks as one of the largest index funds. It seeks to match the S&P 500's performance, boasting an expense ratio of 0.04%, providing a cost-efficient way to access the broad market.

iShares Core S&P 500 ETF (IVV)

Offered by BlackRock, IVV tracks the S&P 500 with an expense ratio of just 0.03%. Its low costs and attractive dividend yield make it a favored option for investors seeking consistent, affordable exposure to the U.S. stock market.