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VUSA is better, look at the vol. costs and yield.
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Well the SPY5 has 1.11% and vusa 1.08%..quite the same but spy5 has paid 5.61€ in last 12months as its share has higher value.
The metric that i considered was lowering TER ratio( 0.03. In contrast vusa has more than double TER (0.07). Volume of a fund SPY5 has doubled in extremely short time and i would say it has potential to outperform vusa completely.
I find it really attractive as fees do add up over time and for long term might be very attractive option.
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