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S&P 500 ETF is one of the best funds to capture these trends in an efficient, ultra-low-cost way.10 stocks we like better than Vanguard S&P 500 ETF ›Thanks to its heavy concentration in tech and the "Magnificent Seven" stocks, the S&P 500 has become a quality growth engine for investors. With the artificial intelligence (AI) boom still in the early innings and the long-term potential huge, it's not unreasonable to think that the S&P 500 could be a growth leader for years to come.That's what makes the Vanguard S&P 500 ETF (NYSEMKT: VOO) such a solid choice right now. Investors get the outsize growth and tech exposure. They still maintain exposure to the rest of the U.S. economy in case market leadership shifts along the way. And with an expense ratio of just 0.03%, it costs next to nothing to own.When it comes to risk-adjusted return potential, few options hold up as well as this Vanguard ETF.Image source: Getty Images.As a quick refresher, the Vanguard S&P 500 ETF owns 500 of the largest U.S. companies and weights them by market cap. The biggest holdings are Nvidia, Apple, Microsoft, Amazon, and Broadcom. All are companies with big exposure and big investment in the AI trade.While that heavy concentration at the top is some cause for concern, it also gives shareholders easy access to the most innovative and influential businesses in the world. These are companies that have committed tens, if not hundreds, of billions of dollars into artificial intelligence development. We've seen solid early returns from these investments, but the lion's share of its return on investment (ROI) may not come for years. That means there's plenty of explosive growth potential left in these companies and, by extension, the S&P 500.Because of its market cap weighting methodology, the S&P 500 is also a self-working momentum trade. As stocks outperform, their weight in the S&P 500 becomes larger and vice versa. The more successful companies earn greater influence in the index, helping to keep investors' portfolios in line with what's working.While tech stocks have gotten most of the attention over the past few years, it's important to remember that the S&P 500 is much more than just a narrow group of stocks.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P 5006,896.24 -9.50 (-0.14%)Dow 3048,367.06 -94.87 (-0.20%)Nasdaq23,419.08 -55.27 (-0.24%)Russell 20002,500.59 -19.21 (-0.76%)VIX14.33 +0.13 (+0.92%)Gold4,353.00 -33.30 (-0.76%)Trending tickersBTC-USD Bitcoin USD 88,300.28 +1,089.69 (+1.25%)NIO NIO Inc. 5.50 +0.16 (+3.00%)ETH-USD Ethereum USD 2,965.70 +30.44 (+1.04%)PFSA Profusa, Inc. 0.1218 +0.0535 (+78.33%)EKSO Ekso Bionics Holdings, Inc. 10.58 +5.12 (+93.77%)PortfolioSign in to access your portfolioSign inTop gainersRARE Ultragenyx Pharmaceutical Inc. 22.78 +3.06 (+15.52%)FTAI FTAI Aviation Ltd. 197.68 +24.85 (+14.38%)FRMI Fermi Inc. 8.09 +0.57 (+7.58%)UAA Under Armour, Inc. 5.14 +0.36 (+7.53%)ONDS Ondas Holdings Inc. 8.99 +0.53 (+6.26%)Top losersCORT Corcept Therapeutics Incorporated 70.20 -9.62 (-12.06%)DJTWW Trump Media & Technology Group Corp. 6.85 -0.65 (-8.67%)VIPS Vipshop Holdings Limited 18.02 -1.34 (-6.92%)UUUU Energy Fuels Inc. 14.21 -0.86 (-5.71%)RIVN Rivian Automotive, Inc. 19.59 -1.08 (-5.22%)Most activeNVDA NVIDIA Corporation 187.54 -0.68 (-0.36%)NIO NIO Inc. 5.50 +0.16 (+3.00%)PLUG Plug Power Inc. 1.9400 -0.0300 (-1.52%)INTC Intel Corporation 37.30 +0.62 (+1.69%)TSLA Tesla, Inc. 454.43 -5.21 (-1.13%)Top economic eventsEarnings eventsMy earnings eventsEarnings events