10/15/2026
The S&P 500 gets most of the attention.
But there are trillions of dollars invested in ETFs outside of it.
And what’s interesting is that some of the biggest ETFs outside the S&P 500… still look a lot like the S&P 500.
Take VTI.
It owns the total U.S. stock market, but roughly 88% of its weight overlaps with the S&P 500.
So if you already own an S&P 500 fund and then add VTI, you technically own another ETF…
But you may not have changed your portfolio very much.
That’s where a lot of investors get stuck.
They start adding ETFs because they’ve heard:
“International is good.”
“Bonds are safer.”
“Gold is a hedge.”
“Tech has more growth.”
“Emerging markets have more upside.”
And before long, they own 6, 8, or 10 funds without really knowing what each one is supposed to do.
Some of the ETFs on this list actually give you exposure to something meaningfully different:
* Bonds
* Gold
* Emerging markets
* Developed international markets
* Stocks outside the U.S.
Others may still overlap heavily with what you already own.
That doesn’t make them bad funds.
It just means the better question isn’t "What ETF should I add next?”
It’s "What am I missing, and what job would this ETF actually do in my portfolio?”
That’s the difference between collecting investments and actually building a portfolio.
You don’t need to own everything.
You need to understand what you own, why you own it, and how the pieces work together.
That’s exactly what I go deeper into in Beyond the S&P 500.
How to think through diversification, overlap, and what different assets can actually add to your portfolio.
Comment BEYOND and I’ll send you the link.
– Josh