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Affordable Index Funds for New Investors Under $500

A curated selection of low-cost index funds and ETFs ideal for beginners with limited capital. This list highlights platforms and funds that minimize fees, offer fractional shares, and provide broad market exposure to help new investors build a diversified portfolio without significant upfront costs.

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Items: 20
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Vanguard Total Stock Market ETF (VTI)

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One of the most popular ETFs for long-term growth, VTI tracks the entire US stock market. It offers extremely low expense ratios and allows investors to gain instant diversification across thousands of companies with minimal investment requirements.

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Fidelity Zero Total Market Index Fund

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A mutual fund with a zero expense ratio, making it exceptionally cheap for building wealth over time. It provides broad exposure to the US equity market and is available at Fidelity, which allows for fractional share purchases starting at $1.

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Schwab S&P 500 Index Fund

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Tracks the S&P 500 index with a very low expense ratio, offering exposure to 500 large-cap US companies. It is a staple for beginners seeking steady, broad-market performance without the high fees associated with actively managed funds.

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iShares Core S&P Total US Stock Market ETF (ITOT)

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Providing broad diversification across the US equity market, ITOT has a low expense ratio of 0.03%. It is traded on exchanges like stocks, allowing investors to buy fractional shares through many modern brokerages with under $500.

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Vanguard Total International Stock ETF (VXUS)

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Essential for global diversification, this ETF tracks the performance of developed and emerging markets outside the US. It helps balance a portfolio by reducing reliance on the domestic economy, available for purchase as fractional shares.

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Fidelity ZERO International Index Fund

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Offers international diversification at zero cost, matching the low-cost philosophy of its domestic counterpart. It allows beginners to add global exposure to their portfolio without sacrificing returns to high management fees.

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Schwab U.S. Dividend Equity ETF (SCHD)

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Focuses on high-quality US companies with strong dividend histories, offering a blend of growth and income. It is highly regarded for its low fees and consistent performance, making it a popular choice for conservative beginner investors.

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Vanguard FTSE Emerging Markets ETF (VWO)

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Provides access to fast-growing economies in emerging markets, offering higher potential returns with higher risk. It is a low-cost way to diversify beyond developed markets, available for fractional purchase to fit small budgets.

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SPDR S&P 500 ETF Trust (SPY)

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The original and most traded ETF in the world, tracking the S&P 500. While historically higher in expense ratio than newer competitors, it offers unmatched liquidity and is accessible via fractional shares for small initial investments.

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iShares Core S&P 500 ETF (IVV)

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Similar to SPY but with a slightly lower expense ratio, IVV is a top choice for passive investors. It provides precise tracking of the S&P 500 and is widely available through major brokerages that support fractional trading.

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Invesco S&P 500 Equal Weight ETF (RSP)

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Offers a different approach by weighting all 500 S&P companies equally, reducing concentration risk in large tech firms. It is a viable low-cost alternative for beginners wanting to avoid market-cap bias while staying within a small budget.

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Vanguard Growth ETF (VUG)

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Focuses on companies with above-average growth expectations, such as technology and healthcare firms. It is a low-cost way to capture the performance of innovative sectors, suitable for beginners with a higher risk tolerance.

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Vanguard Value ETF (VTV)

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Targets companies considered undervalued relative to their fundamentals, often offering higher dividends. It serves as a hedge against growth stock volatility and is available for fractional purchase, making it accessible for small portfolios.

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iShares Core U.S. Aggregate Bond ETF (AGG)

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Provides broad exposure to the US investment-grade bond market, offering stability and income. For beginners with under $500, fractional shares allow easy inclusion of fixed-income assets to balance equity risk in a new portfolio.

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Vanguard Total Bond Market ETF (BND)

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One of the largest and most liquid bond ETFs, tracking the total US investment-grade bond market. It offers diversification benefits and lower volatility compared to stocks, accessible via fractional shares for small initial investments.

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Fidelity 500 Index Fund (FXAIX)

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A mutual fund with a zero expense ratio that tracks the S&P 500. Unlike ETFs, it trades at the end of the day, but it is ideal for automated, dollar-cost averaging strategies with very little money.

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Charles Schwab S&P 500 Index Fund

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Anno zero expense ratio for mutual fund investors, this fund tracks the S&P 500. It is particularly good for those using Schwab’s brokerage platform, which offers extensive research tools and no transaction fees for ETFs.

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Vanguard Dividend Appreciation ETF (VIG)

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Tracks companies with a record of increasing dividends for at least 10 consecutive years. It offers a conservative, quality-focused approach to equity investing, suitable for beginners prioritizing sustainable income and lower volatility.

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iShares Core MSCI EAFE IMI Index ETF (IEMG)

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Provides exposure to developed and emerging markets with a focus on small and mid-cap companies. It offers broader international diversification than large-cap only funds, available for fractional purchase to fit tight budgets.

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Motley Fool Stock Advisor

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While not a fund, this service provides individual stock picks and guidance for beginners. It is a low-cost resource ($99/year) for those who prefer active stock selection over passive index investing, offering educational content.