Is What's Inside VOO Worth The Price On The Label?

The Vanguard S&P 500 ETF (VOO) currently trades at a price-to-earnings ratio of 27.2, a level about 11% above its five-year average. That premium forces a sharp question for any investor: with the 10-year US Treasury yielding a risk-free 4.5%, is what you're getting inside this fund worth the price you have to pay for it.