President Donald Trump's election victory and the subsequent inauguration have shifted risk on markets such as equities and cryptocurrency. While several popular investment vehicles have plummeted, a few others have increased their returns dramatically.
What happened: Vanguard S&P 500 ETF VOO is the world’s largest exchange-traded fund, with $620 billion in assets under management as of this writing. The fund tracks the performance of the S&P 500 index, thereby acting as one of the most popular mediums for those looking to bet on the U.S. market.
However, since taking office, Trump’s aggressive tariff policies have tanked the stock market. Overhauling decades of free-trade agreements, the president placed 25% import duties on goods from key trading partners such as Canada and Mexico, raising fears of a trade war and a slowdown in economic growth.
As a result, ETFs like VOO have suffered significant losses. The stock has plummeted 1.8% since Trump's election victory on November 5, 2024, and more than 5% since his oath earlier in January.
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On the other hand, XRP XRP/USD, currently a $142 billion-valued cryptocurrency, has seen its fortunes soar after Trump's victory.
Several bullish catalysts have aided the coin’s progress, including the departure of previous SEC Chair Gary Gensler, the coin's inclusion in a U.S. digital asset stockpile, and, eventually, the end of the SEC’s enforcement against Ripple Labs.
Since the election day, XRP has skyrocketed 388%.
So, if you invested $1000 in both assets, hoping to profit from Trump's presidency, the VOO bet would have reduced it to $982, while XRP would have seen it swell to $4,888.
| Asset | Price (Recorded on Nov. 5, 2024) | Price (Recorded at 3:00 a.m. ET) | Gains +/- |
| Vanguard S&P 500 ETF | $530.10 | $520.26 | -1.8% |
| XRP | $0.5032 | $2.46 | +388.871% |
Price Action: Shares of the Vanguard ETF closed 0.02% higher at $520.26 at Friday’s market close.
The VOO stock exhibited a moderate momentum score as of this writing. You can check out some of the top momentum stocks at Benzinga's proprietary Edge Rankings.
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