Basics of stock trading 101: Stock traders and Mono to me!

[The Minsky Moment]

The expense ratio on IVV (an S&P 500 tracker ETF) is 0.09% or half the expenses of Vanguard.  If you buy it through Fidelity there is no brokerage fee.

The Vanguard fund is a broader fund than the S&P500, and if you have more money the expense ratio falls to .09%.

That isn't very relevant to this discussion, your ETF may be better for Drakken, I just wanted to defend Vanguard. 

The broader Vanguard index is actually available in ETF form under "VTI" with an expense ratio of .07%   
Needless to say the correlation with the S&P is very high.