The Vanguard S&P 500 ETF (VOO), which tracks the S&P 500 Index (SPX), rose 0.67% in Monday’s pre-market trading. The gains come as investors reacted to signs of possible easing in the U.S.-Iran conflict, including planned peace talks in Pakistan, which helped improve sentiment. This comes even as the U.S.-Iran war has intensified, entering its fifth week, keeping concerns about the global economy in place.
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At the time of writing, the global oil benchmark Brent (CM:BZ) was up 2.28% at $115.12 a barrel, while West Texas Intermediate (WTI) crude (CM:CL) gained 1.79% to $101.42 per barrel.
Markets took another beating last week, marking the fifth straight decline. The Dow shed 0.90%, S&P 500 plunged 2.12%, and Nasdaq100 tumbled 3.20%. Both the Dow and Nasdaq are now in correction territory, with the S&P 500 down about 9% from its January high.
Overall, VOO has lost 3.76% over the past five days but has gained 13.44% over the past year.
VOO’s Key Holdings with Highest Upside/Downside Potential
According to TipRanks’ unique ETF analyst consensus, determined based on a weighted average of analyst ratings on its holdings, VOO is a Moderate Buy. The Street’s average price target of $764.56 implies an upside of 31.15%.
Currently, VOO’s five holdings with the highest upside potential are:
Meanwhile, its five holdings with the greatest downside potential are:
- Moderna (MRNA)
- APA Corp. (APA)
- CF Industries Holdings (CF)
- Valero Energy (VLO)
- Marathon Petroleum (MPC)
Revealingly, VOO ETF’s Smart Score is seven, implying that this ETF will likely perform in line with the market.
Does VOO Pay Dividends?
Yes, VOO pays dividends. These payments come from the dividends paid by the companies in the S&P 500, and VOO distributes them to shareholders every quarter. The payout amount can change from quarter to quarter because company dividends vary. Investors can receive the dividend as cash or choose to automatically reinvest it into more shares through a dividend reinvestment program.