VTI competes with ETFs such as the iShares Core S&P Total US Stock Market ETF (NYSEArca: ITOT) and the Schwab U.S. Broad Market ETF (NYSEArca: SCHB). SCHB tracks an index similar to total-market benchmarks, like the Russell 3000, but the it includes less exposure to the smallest stocks.
“SCHB claims one of the lowest industry expense ratios at just 0.03% annually. This fee has been incrementally lowered multiple times over the years, which adds to its attractiveness for long-term investors. It’s even conceivable that one day this ETF will charge as low as one basis point per year for access to its diversified stock portfolio,” adds ETF Daily News.
For more information on ETFs, visit our ETF 101 category.