S&P 500 price on freetrade vs others

[boymistakes]

I have what I assume will be a dumb question.

S&P 500 is around 41 quid on Freetrade but $2,907.41 on the stock exchange.

Just wondering why the difference?

Thanks!

[Rat_au_van (Emma)]

I think you might be asking this

What do the bars on a share price graph tell me?

Also wanted to add a bit of off-topic (in regards to the prices you mentioned); as per the Pricing UK Securities, UK (London Stock Exchange) is the only exchange in the world pricing its securities using currency subunits (pence instead of pounds) Being a US index, S&P 500 is not quite related to GBP in any shape or form. Moreover, the figure you see on the screenshot (2914.04) is not USD either, it is an arbitrary “points” figure that kept growing since 1923 when S&P index was only created (it…

The S&P 500 you can invest in is a bundled together divided version of all the companies that make up the exchange

[Vlad (Vladislav Kozub)]

How do you even dig these things out? I simply admire

[Rat_au_van (Emma)]

I remembered the rice charts from that thread

[john]

When you buy the Vanguard S&P 500 ETF for around £41, you’re buying a small piece of a fund which has a stake in every company listed on the S&P 500. So indirectly you own a piece of all of those companies.

The total pool of assets in that fund is $22.4bn, and you’re buying a fraction of that.

The 2907 number isn’t a dollar figure. It’s an index, and it’s the number you’ll here on the news when they say ‘the FTSE is up 2 points today’.

[boymistakes]

Very well put for a simpleton invester. Thank you, John.

[markw6640]

I am also confused by this. I am new to investing. Today’s S&P 500 (ishares) on this app shows it up by about 0.8% but on the stock exchange the S&P 500 is down by about 2.79%.

Does this ETF not mirror the stock exchange?

[Connor]

Note to the mods that this question has been hopefully answered.