WHat is the cheapest alterntive to the SPY

Screening Filters & Rationale

1. Weekly Average Turnover (min: 1,000,000):

   • Purpose: Ensures the ETF has sufficient liquidity for easy buying and selling.
   • Rationale: High turnover minimizes transaction costs and reduces the risk of price slippage.

2. Expense Ratio (max: 0.1%):

   • Purpose: Identifies low-cost ETFs to maximize net returns.
   • Rationale: Lower expense ratios reduce the drag on performance, aligning with cost-effectiveness goals.

3. Index Tracked (S&P 500):

   • Purpose: Focuses on ETFs that replicate the performance of the S&P 500 index.
   • Rationale: Ensures alignment with SPY's benchmark, providing similar market exposure.