{"id":9787,"date":"2025-05-08T15:27:46","date_gmt":"2025-05-08T13:27:46","guid":{"rendered":"https:\/\/www.forexsrovnavac.cz\/mag\/?p=9787"},"modified":"2025-06-25T23:38:02","modified_gmt":"2025-06-25T21:38:02","slug":"nejlevnejsi-etf-fondy-nakladove-nejefektivnejsich-moznosti-investovani","status":"publish","type":"post","link":"https:\/\/www.forexsrovnavac.cz\/mag\/nejlevnejsi-etf-fondy-nakladove-nejefektivnejsich-moznosti-investovani\/","title":{"rendered":"Nejlevn\u011bj\u0161\u00ed ETF fondy: N\u00e1kladov\u011b nejefektivn\u011bj\u0161\u00edch mo\u017enosti investov\u00e1n\u00ed"},"content":{"rendered":"<p>Exchange Traded Funds (ETF) si v posledn\u00edch letech z\u00edskaly v\u00fdraznou oblibu jako efektivn\u00ed n\u00e1stroj pro diverzifikaci investi\u010dn\u00edho portfolia. Umo\u017e\u0148uj\u00ed investor\u016fm vstoupit do cel\u00fdch tr\u017en\u00edch segment\u016f nebo konkr\u00e9tn\u00edch odv\u011btv\u00ed prost\u0159ednictv\u00edm jedin\u00e9ho obchodovateln\u00e9ho cenn\u00e9ho pap\u00edru. Mezi kl\u00ed\u010dov\u00e9 p\u0159ednosti ETF pat\u0159\u00ed jejich obvykle ni\u017e\u0161\u00ed n\u00e1klady ve srovn\u00e1n\u00ed s klasick\u00fdmi pod\u00edlov\u00fdmi fondy. Pro investory je p\u0159itom z\u00e1sadn\u00ed sledovat v\u00fd\u0161i spr\u00e1vcovsk\u00fdch poplatk\u016f, kter\u00e9 jsou vyj\u00e1d\u0159eny ro\u010dn\u00edm \u201eexpense ratio\u201c (n\u00e1kladov\u00fd pom\u011br).<\/p>\n<p>Ni\u017e\u0161\u00ed expense ratio p\u0159\u00edmo ovliv\u0148uje celkovou v\u00fdnosnost investice, zejm\u00e9na u\u00a0<strong>pasivn\u011b \u0159\u00edzen\u00fdch indexov\u00fdch fond\u016f<\/strong>, jejich\u017e strategie kop\u00edruje p\u0159edem dan\u00fd benchmark. I mal\u00e9 rozd\u00edly v n\u00e1kladech se d\u00edky efektu\u00a0<strong>slo\u017een\u00e9ho \u00faro\u010den\u00ed<\/strong>\u00a0mohou v dlouhodob\u00e9m horizontu projevit jako v\u00fdznamn\u00fd rozd\u00edl ve v\u00fdnosech. Tato anal\u00fdza se zam\u011b\u0159uje na identifikaci <a href=\"https:\/\/www.forexsrovnavac.cz\/mag\/co-jsou-to-etf-vyhody-a-nevyhody-investovani-do-etf\/\">ETF<\/a> s nejni\u017e\u0161\u00edm expense ratio nap\u0159\u00ed\u010d hlavn\u00edmi t\u0159\u00eddami aktiv, kter\u00e9 jsou relevantn\u00ed pro r\u016fzn\u00e9 investi\u010dn\u00ed strategie. Konkr\u00e9tn\u011b se v\u011bnujeme ETF sleduj\u00edc\u00edm indexy\u00a0<strong>S&amp;P 500<\/strong>,\u00a0<strong>Nasdaq 100<\/strong>, evropsk\u00e9 akciov\u00e9 trhy, dluhopisy, komodity a sektor obnoviteln\u00e9 energie.<\/p>\n\n\t<div class=\"space-shortcode-wrap space-shortcode-4 relative\">\n\t\t<div class=\"space-shortcode-wrap-ins relative\">\n\n\t\t\t\t\t\t<div class=\"space-block-title relative\">\n\t\t\t\t<span>ETF bez poplatk\u016f u t\u011bchto broker\u016f<\/span>\n\t\t\t<\/div>\n\t\t\t\n\t\t\t<div class=\"space-organizations-3-archive-items box-100 relative\">\n\n\t\t\t\t\n\t\t\t\t<div class=\"space-organizations-3-archive-item box-100 relative\">\n\t\t\t\t\t<div class=\"space-organizations-3-archive-item-ins relative\">\n\t\t\t\t\t\t<div class=\"space-organizations-3-archive-item-logo box-25 relative\">\n\t\t\t\t\t\t\t<div class=\"space-organizations-3-archive-item-logo-ins box-100 text-center relative\">\n\n\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"180\" height=\"72\" src=\"https:\/\/www.forexsrovnavac.cz\/mag\/wp-content\/uploads\/2021\/05\/xtb.png\" class=\"attachment-mercury-9999-80 size-mercury-9999-80\" alt=\"XTB\" srcset=\"https:\/\/www.forexsrovnavac.cz\/mag\/wp-content\/uploads\/2021\/05\/xtb.png 180w, https:\/\/www.forexsrovnavac.cz\/mag\/wp-content\/uploads\/2021\/05\/xtb-150x60.png 150w, https:\/\/www.forexsrovnavac.cz\/mag\/wp-content\/uploads\/2021\/05\/xtb-100x40.png 100w, https:\/\/www.forexsrovnavac.cz\/mag\/wp-content\/uploads\/2021\/05\/xtb-80x32.png 80w\" sizes=\"auto, (max-width: 180px) 100vw, 180px\" \/>\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"space-organizations-3-archive-item-count absolute\">\n\t\t\t\t\t\t\t\t\t<span>1<\/span>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<div class=\"space-organizations-3-archive-item-terms box-25 relative\">\n\t\t\t\t\t\t\t<div class=\"space-organizations-3-archive-item-terms-ins box-100 text-center relative\">\n\t\t\t\t\t\t\tRe\u00e1ln\u00e9 akcie a ETF. N\u00edzk\u00e9 poplatky + \u010cesk\u00e1 z\u00e1kaznick\u00e1 podpora. V\u00edce ne\u017e 8600 instrument\u016f k obchodov\u00e1n\u00ed. Denn\u00ed webin\u00e1\u0159e a zpr\u00e1vy z trh\u016f pro klienty.\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<div class=\"space-organizations-3-archive-item-rating box-25 relative\">\n\t\t\t\t\t\t\t<div class=\"space-organizations-3-archive-item-rating-ins box-100 text-center relative\">\n\n\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"space-organizations-3-archive-item-rating-box relative\">\n\t\t\t\t\t\t\t\t\t\t<div class=\"star-rating\"><div class=\"star star-full\" aria-hidden=\"true\"><\/div><div class=\"star star-full\" aria-hidden=\"true\"><\/div><div class=\"star star-full\" aria-hidden=\"true\"><\/div><div class=\"star star-full\" aria-hidden=\"true\"><\/div><div class=\"star star-half\" aria-hidden=\"true\"><\/div><\/div>\t\t\t\t\t\t\t\t\t\t<span>4.8<\/span>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"space-organization-header-button-notice relative\" style=\"margin-top: 5px;\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"tc-apply\">Hodnocen\u00ed u\u017eivatel\u016f<\/span>\n\t\t\t\t\t\t\t\t\t\t<div class=\"tc-desc\">\n\t\t\t\t\t\t\t\t\t\t\t&nbsp;\r\n\r\n \t\u27a1\ufe0f Trustpilot hodnocen\u00ed 4.0\/5 \u2b50 \u00a0(Pr\u016fm\u011br z celkov\u00e9ho po\u010dtu 1174 hodnocen\u00ed)\r\n \t\u27a1\ufe0f Google play hodnocen\u00ed 4,4\/5 \u2b50 (Pr\u016fm\u011br z celkov\u00e9ho po\u010dtu 57 000 hodnocen\u00ed)\r\n\r\n&nbsp;\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t<div class=\"space-organizations-archive-item-button-notice relative\" style=\"margin-top: 5px;\">\n\t\t\t\t\t\t\t\t\t75% CFDs \u00fa\u010dt\u016f je ztr\u00e1tov\u00fdch\t\t\t\t\t\t\t\t<\/div>\n\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<div class=\"space-organizations-3-archive-item-button box-25 relative\">\n\t\t\t\t\t\t\t<div class=\"space-organizations-3-archive-item-button-ins box-100 text-center relative\">\n\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.forexsrovnavac.cz\/mag\/xt-cs\" title=\"Nav\u0161t\u00edvit XTB\" target=\"_blank\" rel=\"nofollow\"><i class=\"fas fa-check-circle\"><\/i> Nav\u0161t\u00edvit XTB<\/a>\n\n\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\n\t\t\t\t\n\t\t\t\t<div class=\"space-organizations-3-archive-item box-100 relative\">\n\t\t\t\t\t<div class=\"space-organizations-3-archive-item-ins relative\">\n\t\t\t\t\t\t<div class=\"space-organizations-3-archive-item-logo box-25 relative\">\n\t\t\t\t\t\t\t<div class=\"space-organizations-3-archive-item-logo-ins box-100 text-center relative\">\n\n\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"262\" height=\"80\" src=\"https:\/\/www.forexsrovnavac.cz\/mag\/wp-content\/uploads\/2022\/01\/etoro-logo-3-262x80.png\" class=\"attachment-mercury-9999-80 size-mercury-9999-80\" alt=\"eToro recenze\" srcset=\"https:\/\/www.forexsrovnavac.cz\/mag\/wp-content\/uploads\/2022\/01\/etoro-logo-3-262x80.png 262w, https:\/\/www.forexsrovnavac.cz\/mag\/wp-content\/uploads\/2022\/01\/etoro-logo-3-150x46.png 150w, https:\/\/www.forexsrovnavac.cz\/mag\/wp-content\/uploads\/2022\/01\/etoro-logo-3-131x40.png 131w, https:\/\/www.forexsrovnavac.cz\/mag\/wp-content\/uploads\/2022\/01\/etoro-logo-3-105x32.png 105w, https:\/\/www.forexsrovnavac.cz\/mag\/wp-content\/uploads\/2022\/01\/etoro-logo-3-442x135.png 442w, https:\/\/www.forexsrovnavac.cz\/mag\/wp-content\/uploads\/2022\/01\/etoro-logo-3-24x7.png 24w, https:\/\/www.forexsrovnavac.cz\/mag\/wp-content\/uploads\/2022\/01\/etoro-logo-3-36x11.png 36w, https:\/\/www.forexsrovnavac.cz\/mag\/wp-content\/uploads\/2022\/01\/etoro-logo-3-48x15.png 48w, https:\/\/www.forexsrovnavac.cz\/mag\/wp-content\/uploads\/2022\/01\/etoro-logo-3.png 720w\" sizes=\"auto, (max-width: 262px) 100vw, 262px\" \/>\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"space-organizations-3-archive-item-count absolute\">\n\t\t\t\t\t\t\t\t\t<span>2<\/span>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<div class=\"space-organizations-3-archive-item-terms box-25 relative\">\n\t\t\t\t\t\t\t<div class=\"space-organizations-3-archive-item-terms-ins box-100 text-center relative\">\n\t\t\t\t\t\t\tRe\u00e1ln\u00e9 akcie a kryptom\u011bny. N\u00edzk\u00fd minim\u00e1ln\u00ed vklad 50 USD.\r\nMo\u017enost kop\u00edrov\u00e1n\u00ed obchod\u016f. Denn\u00ed webin\u00e1\u0159e a zpr\u00e1vy z trh\u016f pro klienty.\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<div class=\"space-organizations-3-archive-item-rating box-25 relative\">\n\t\t\t\t\t\t\t<div class=\"space-organizations-3-archive-item-rating-ins box-100 text-center relative\">\n\n\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"space-organizations-3-archive-item-rating-box relative\">\n\t\t\t\t\t\t\t\t\t\t<div class=\"star-rating\"><div class=\"star star-full\" aria-hidden=\"true\"><\/div><div class=\"star star-full\" aria-hidden=\"true\"><\/div><div class=\"star star-full\" aria-hidden=\"true\"><\/div><div class=\"star star-full\" aria-hidden=\"true\"><\/div><div class=\"star star-half\" aria-hidden=\"true\"><\/div><\/div>\t\t\t\t\t\t\t\t\t\t<span>4.5<\/span>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"space-organization-header-button-notice relative\" style=\"margin-top: 5px;\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"tc-apply\">Hodnocen\u00ed u\u017eivatel\u016f<\/span>\n\t\t\t\t\t\t\t\t\t\t<div class=\"tc-desc\">\n\t\t\t\t\t\t\t\t\t\t\t&nbsp;\r\n\r\n \t\u27a1\ufe0f Trustpilot hodnocen\u00ed 4,4\/5 \u2b50 \u00a0(Pr\u016fm\u011br z celkov\u00e9ho po\u010dtu 20 891 hodnocen\u00ed)\r\n \t\u27a1\ufe0f Google play hodnocen\u00ed 4,2\/5 \u2b50 (Pr\u016fm\u011br z celkov\u00e9ho po\u010dtu 110 000 hodnocen\u00ed)\r\n\r\n&nbsp;\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t<div class=\"space-organizations-archive-item-button-notice relative\" style=\"margin-top: 5px;\">\n\t\t\t\t\t\t\t\t\t52% CFDs \u00fa\u010dt\u016f retailov\u00fdch je ztr\u00e1tov\u00fdch\t\t\t\t\t\t\t\t<\/div>\n\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<div class=\"space-organizations-3-archive-item-button box-25 relative\">\n\t\t\t\t\t\t\t<div class=\"space-organizations-3-archive-item-button-ins box-100 text-center relative\">\n\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.forexsrovnavac.cz\/mag\/ecns\" title=\"Nav\u0161t\u00edvit eToro\" target=\"_blank\" rel=\"nofollow\"><i class=\"fas fa-check-circle\"><\/i> Nav\u0161t\u00edvit eToro<\/a>\n\n\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\t<\/div>\n\n\n<h2><strong>Nejlevn\u011bj\u0161\u00ed ETF na index S&amp;P 500<\/strong><\/h2>\n<p class=\"ds-markdown-paragraph\">Pro investory, kte\u0159\u00ed cht\u011bj\u00ed z\u00edskat \u0161irokou expozici americk\u00e9mu akciov\u00e9mu trhu, jsou ETF sleduj\u00edc\u00ed index\u00a0<a href=\"https:\/\/www.forexsrovnavac.cz\/mag\/jak-koupit-index-sp-500\/\"><strong>S&amp;P 500<\/strong><\/a>\u00a0jednou z nejobl\u00edben\u011bj\u0161\u00edch voleb. Anal\u00fdza dostupn\u00fdch dat ukazuje, \u017ee mezi hlavn\u00edmi fondy s nejni\u017e\u0161\u00ed n\u00e1kladovost\u00ed vynikaj\u00ed:\u00a0<strong>SPDR Portfolio S&amp;P 500 ETF (SPLG)<\/strong>\u00a0s n\u00e1kladov\u00fdm pom\u011brem (<strong>expense ratio<\/strong>)\u00a0<strong>0,02 %<\/strong>,\u00a0<strong>Vanguard S&amp;P 500 ETF (VOO)<\/strong>\u00a0a\u00a0<strong>iShares Core S&amp;P 500 ETF (IVV)<\/strong>\u00a0se shodn\u00fdm pom\u011brem\u00a0<strong>0,03 %<\/strong>, a\u00a0<strong>SPDR S&amp;P 500 ETF Trust (SPY)<\/strong>\u00a0s vy\u0161\u0161\u00edm n\u00e1kladov\u00fdm pom\u011brem\u00a0<strong>0,09 %<\/strong>. Nez\u00e1visl\u00e9 zdroje potvrzuj\u00ed, \u017ee\u00a0<strong>SPLG<\/strong>\u00a0dlouhodob\u011b dr\u017e\u00ed pozici nejv\u00fdhodn\u011bj\u0161\u00edho ETF z hlediska n\u00e1klad\u016f.<\/p>\n<p class=\"ds-markdown-paragraph\">Zat\u00edmco\u00a0<strong>SPLG<\/strong>\u00a0nab\u00edz\u00ed nejni\u017e\u0161\u00ed ro\u010dn\u00ed poplatek, je kl\u00ed\u010dov\u00e9 zv\u00e1\u017eit i\u00a0<strong>objem spravovan\u00fdch aktiv (AUM)<\/strong>. Data ukazuj\u00ed, \u017ee fondy\u00a0<strong>VOO<\/strong>\u00a0a\u00a0<strong>IVV<\/strong>\u00a0maj\u00ed v\u00fdrazn\u011b vy\u0161\u0161\u00ed AUM ne\u017e SPLG, co\u017e m\u016f\u017ee zlep\u0161ovat jejich likviditu na trhu. P\u0159esto i AUM fondu\u00a0<strong>SPLG<\/strong>, kter\u00e9 dosahuje p\u0159ibli\u017en\u011b\u00a0<strong>61,98 miliardy USD<\/strong>, poskytuje dostate\u010dnou likviditu pro v\u011bt\u0161inu individu\u00e1ln\u00edch investor\u016f.<\/p>\n<p class=\"ds-markdown-paragraph\">Rozd\u00edl v n\u00e1kladovosti mezi\u00a0<strong>SPLG (0,02 %)<\/strong>\u00a0a\u00a0<strong>VOO\/IVV (0,03 %)<\/strong>\u00a0je sice minim\u00e1ln\u00ed, ale v dlouhodob\u00e9m horizontu (d\u00edky efektu slo\u017een\u00e9ho \u00faro\u010den\u00ed) m\u016f\u017ee p\u0159edstavovat znateln\u00fd rozd\u00edl ve v\u00fdnosech. Pro dlouhodob\u011b orientovan\u00e9 investory je proto SPLG atraktivn\u00ed volbou, zat\u00edmco VOO a IVV z\u016fst\u00e1vaj\u00ed alternativami s vy\u0161\u0161\u00ed likviditou.<\/p>\n<p><strong>Tabulka 1: P\u0159ehled nejlevn\u011bj\u0161\u00edch ETF na index S&amp;P 500<\/strong><\/p>\n\n<table id=\"tablepress-57\" class=\"tablepress tablepress-id-57\">\n<thead>\n<tr class=\"row-1\">\n\t<th class=\"column-1\">Symbol<\/th><th class=\"column-2\">N\u00e1zev fondu<\/th><th class=\"column-3\">Expense Ratio<\/th><th class=\"column-4\">AUM (k 1. kv\u011btnu 2025)<\/th>\n<\/tr>\n<\/thead>\n<tbody class=\"row-striping row-hover\">\n<tr class=\"row-2\">\n\t<td class=\"column-1\">SPLG<\/td><td class=\"column-2\">SPDR Portfolio S&amp;P 500 ETF<\/td><td class=\"column-3\">0,02 %<\/td><td class=\"column-4\">61,98 miliard USD<\/td>\n<\/tr>\n<tr class=\"row-3\">\n\t<td class=\"column-1\">VOO<\/td><td class=\"column-2\">Vanguard S&amp;P 500 ETF<\/td><td class=\"column-3\">0,03 %<\/td><td class=\"column-4\">607,99 miliard USD<\/td>\n<\/tr>\n<tr class=\"row-4\">\n\t<td class=\"column-1\">IVV<\/td><td class=\"column-2\">iShares Core S&amp;P 500 ETF<\/td><td class=\"column-3\">0,03 %<\/td><td class=\"column-4\">560,80 miliard USD<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-57 from cache -->\n<ul>\n<li>\n<p class=\"ds-markdown-paragraph\">P\u0159i n\u00e1kupu ETF p\u0159es brokery (nap\u0159. <strong>xtb<\/strong>,\u00a0<strong>etoro<\/strong>,\u00a0<strong>Interactive Brokers<\/strong>) ov\u011b\u0159te dostupnost konkr\u00e9tn\u00edho fondu a p\u0159\u00edpadn\u00e9 poplatky za obchodov\u00e1n\u00ed.<\/p>\n<\/li>\n<li>\n<p class=\"ds-markdown-paragraph\"><strong>SPY<\/strong>\u00a0m\u00e1 vy\u0161\u0161\u00ed n\u00e1klady, ale historicky nejvy\u0161\u0161\u00ed likviditu \u2013 vhodn\u00e9 pro kr\u00e1tkodob\u00e9 strategie nebo op\u010dn\u00ed obchody.<\/p>\n<\/li>\n<li>\n<p class=\"ds-markdown-paragraph\">Pro dlouhodob\u00e9 investov\u00e1n\u00ed (5+ let) je SPLG optim\u00e1ln\u00ed volbou d\u00edky minim\u00e1ln\u00edm n\u00e1klad\u016fm.<\/p>\n<\/li>\n<\/ul>\n<h2><strong>Nejlevn\u011bj\u0161\u00ed ETF na index Nasdaq 100<\/strong><\/h2>\n<p class=\"ds-markdown-paragraph\">Pro investory zam\u011b\u0159en\u00e9 na technologick\u00fd sektor a r\u016fstov\u00e9 akcie jsou ETF sleduj\u00edc\u00ed index\u00a0<strong><a href=\"https:\/\/www.forexsrovnavac.cz\/cs\/burzovni-akciove-indexy-kurzy\/nasdaq-index-usa\">Nasdaq<\/a> 100<\/strong>\u00a0atraktivn\u00ed volbou. V t\u00e9to kategorii vynik\u00e1\u00a0<strong>Invesco NASDAQ 100 ETF (QQQM)<\/strong>\u00a0jako n\u00e1kladov\u011b v\u00fdhodn\u011bj\u0161\u00ed alternativa k popul\u00e1rn\u00edmu\u00a0<strong>Invesco QQQ Trust Series I (QQQ)<\/strong>. Zat\u00edmco QQQ m\u00e1 n\u00e1kladov\u00fd pom\u011br (<strong>expense ratio<\/strong>)\u00a0<strong>0,20 %<\/strong>, QQQM nab\u00edz\u00ed ni\u017e\u0161\u00ed n\u00e1klady ve v\u00fd\u0161i\u00a0<strong>0,15 %<\/strong>. Tyto \u00fadaje potvrzuj\u00ed nez\u00e1visl\u00e9 zdroje, nap\u0159\u00edklad\u00a0<strong>Morningstar<\/strong>\u00a0nebo\u00a0<strong>ETF.com<\/strong>.<\/p>\n<p class=\"ds-markdown-paragraph\">Stejn\u011b jako u ETF na S&amp;P 500 je zde patrn\u00fd rozd\u00edl v objemu spravovan\u00fdch aktiv (<strong>AUM<\/strong>). Fond\u00a0<strong>QQQ<\/strong>\u00a0disponuje v\u00fdrazn\u011b vy\u0161\u0161\u00edm AUM ne\u017e\u00a0<strong>QQQM<\/strong>, co\u017e m\u016f\u017ee zlep\u0161ovat likviditu pro velk\u00e9 investory. Nicm\u00e9n\u011b i AUM fondu QQQM, kter\u00e9 dosahuje p\u0159ibli\u017en\u011b\u00a0<strong>42,22 miliard USD<\/strong> (\u00fadaj z roku 2025), zaji\u0161\u0165uje dostate\u010dnou likviditu pro v\u011bt\u0161inu individu\u00e1ln\u00edch investor\u016f.<\/p>\n<p class=\"ds-markdown-paragraph\">Rozd\u00edl v n\u00e1kladovosti\u00a0<strong>0,05 %<\/strong>\u00a0mezi QQQM a QQQ se m\u016f\u017ee v dlouhodob\u00e9m horizontu (d\u00edky efektu slo\u017een\u00e9ho \u00faro\u010den\u00ed) projevit jako v\u00fdznamn\u00e1 \u00faspora. Pro investory s horizontem 10+ let je proto QQQM ekonomicky v\u00fdhodn\u011bj\u0161\u00ed volbou, zat\u00edmco QQQ z\u016fst\u00e1v\u00e1 preferov\u00e1n pro kr\u00e1tkodob\u011bj\u0161\u00ed strategie d\u00edky vy\u0161\u0161\u00ed likvidit\u011b.<\/p>\n<p><strong>Tabulka 2: P\u0159ehled nejlevn\u011bj\u0161\u00edch ETF na index Nasdaq 100<\/strong><\/p>\n\n<table id=\"tablepress-58\" class=\"tablepress tablepress-id-58\">\n<thead>\n<tr class=\"row-1\">\n\t<th class=\"column-1\">Symbol<\/th><th class=\"column-2\">N\u00e1zev fondu<\/th><th class=\"column-3\">Expense Ratio<\/th><th class=\"column-4\">AUM (k 1. kv\u011btnu 2025)<\/th>\n<\/tr>\n<\/thead>\n<tbody class=\"row-striping row-hover\">\n<tr class=\"row-2\">\n\t<td class=\"column-1\">QQQM<\/td><td class=\"column-2\">Invesco NASDAQ 100 ETF<\/td><td class=\"column-3\">0,15 %<\/td><td class=\"column-4\">42,22 miliard USD<\/td>\n<\/tr>\n<tr class=\"row-3\">\n\t<td class=\"column-1\">QQQ<\/td><td class=\"column-2\">Invesco QQQ Trust Series I<\/td><td class=\"column-3\">0,20 %<\/td><td class=\"column-4\">298,74 miliard USD<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-58 from cache -->\n<h2>Nejlevn\u011bj\u0161\u00ed ETF na evropsk\u00e9 akcie<\/h2>\n<p class=\"ds-markdown-paragraph\">P\u0159i hled\u00e1n\u00ed n\u00e1kladov\u011b nejefektivn\u011bj\u0161\u00edch ETF na evropsk\u00e9 akcie je situace slo\u017eit\u011bj\u0161\u00ed kv\u016fli \u0161ir\u0161\u00ed \u0161k\u00e1le index\u016f a fond\u016f dostupn\u00fdch na r\u016fzn\u00fdch trz\u00edch. Pro\u00a0<strong>americk\u00e9 investory<\/strong>\u00a0p\u0159edstavuje v\u00fdhodnou volbu\u00a0<strong>Vanguard FTSE Europe ETF (VGK)<\/strong>\u00a0s n\u00e1kladov\u00fdm pom\u011brem (<strong>expense ratio<\/strong>)\u00a0<strong>0,06 %<\/strong>, kter\u00fd sleduje index\u00a0<strong>FTSE Developed Europe<\/strong>\u00a0(zahrnuj\u00edc\u00ed akcie rozvinut\u00fdch trh\u016f v\u010detn\u011b Velk\u00e9 Brit\u00e1nie). Dal\u0161\u00ed n\u00edzkon\u00e1kladov\u00e9 mo\u017enosti pro americk\u00fd trh jsou\u00a0<strong>iShares Core MSCI Europe ETF (IEUR)<\/strong>\u00a0a\u00a0<strong>JPMorgan BetaBuilders Europe ETF (BBEU)<\/strong>\u00a0s n\u00e1kladov\u00fdm pom\u011brem\u00a0<strong>0,09 %<\/strong>, oba nav\u00e1zan\u00e9 na index\u00a0<strong>MSCI Europe<\/strong>.<\/p>\n<p class=\"ds-markdown-paragraph\">Pro\u00a0<strong>evropsk\u00e9 investory<\/strong>\u00a0jsou dostupn\u00e9\u00a0<strong>UCITS ETF<\/strong>\u00a0sleduj\u00edc\u00ed index\u00a0<strong>Euro Stoxx 50<\/strong>\u00a0s je\u0161t\u011b ni\u017e\u0161\u00ed n\u00e1kladovost\u00ed. Mezi n\u011b pat\u0159\u00ed nap\u0159\u00edklad:<\/p>\n<ul>\n<li>\n<p class=\"ds-markdown-paragraph\"><strong>Invesco EURO STOXX 50 UCITS ETF Acc<\/strong><\/p>\n<\/li>\n<li>\n<p class=\"ds-markdown-paragraph\"><strong>HSBC EURO STOXX 50 UCITS ETF EUR (Acc)<\/strong>,<\/p>\n<\/li>\n<\/ul>\n<p class=\"ds-markdown-paragraph\">ob\u011b s n\u00e1kladov\u00fdm pom\u011brem kolem\u00a0<strong>0,05 %<\/strong>.<\/p>\n<p><strong>Vanguard FTSE Europe ETF (VGK)<\/strong>\u00a0kombinuje n\u00edzk\u00e9 n\u00e1klady a vysok\u00fd objem spravovan\u00fdch aktiv (<strong>AUM<\/strong>), co\u017e z n\u011bj \u010din\u00ed atraktivn\u00ed volbu pro americk\u00e9 investory. Pro evropsk\u00e9 investory s p\u0159\u00edstupem k m\u00edstn\u00edm fond\u016fm jsou pak\u00a0<strong>UCITS ETF na Euro Stoxx 50<\/strong>\u00a0zaj\u00edmav\u00e9 d\u00edky je\u0161t\u011b ni\u017e\u0161\u00edm n\u00e1klad\u016fm a zam\u011b\u0159en\u00ed na euroz\u00f3nu.<\/p>\n<p><strong>Tabulka 3: P\u0159ehled nejlevn\u011bj\u0161\u00edch ETF na evropsk\u00e9 akcie<\/strong><\/p>\n\n<table id=\"tablepress-59\" class=\"tablepress tablepress-id-59\">\n<thead>\n<tr class=\"row-1\">\n\t<th class=\"column-1\">Symbol<\/th><th class=\"column-2\">Sledovan\u00fd index<\/th><th class=\"column-3\">Expense Ratio<\/th><th class=\"column-4\">AUM (k 1. kv\u011btnu 2025)<\/th>\n<\/tr>\n<\/thead>\n<tbody class=\"row-striping row-hover\">\n<tr class=\"row-2\">\n\t<td class=\"column-1\">VGK<\/td><td class=\"column-2\">FTSE Developed Europe<\/td><td class=\"column-3\">0,06 %<\/td><td class=\"column-4\">23,35 miliard USD<\/td>\n<\/tr>\n<tr class=\"row-3\">\n\t<td class=\"column-1\">IEUR<\/td><td class=\"column-2\">MSCI Europe<\/td><td class=\"column-3\">0,09 %<\/td><td class=\"column-4\">5,82 miliard USD<\/td>\n<\/tr>\n<tr class=\"row-4\">\n\t<td class=\"column-1\">BBEU<\/td><td class=\"column-2\">MSCI Europe<\/td><td class=\"column-3\">0,09 %<\/td><td class=\"column-4\">4,34 miliard USD<\/td>\n<\/tr>\n<tr class=\"row-5\">\n\t<td class=\"column-1\">SX5E (UCITS)*<\/td><td class=\"column-2\">EURO STOXX 50<\/td><td class=\"column-3\">0,05 % - 0,09 %<\/td><td class=\"column-4\">Neuvedeno<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-59 from cache -->\n<h2>Nejlevn\u011bj\u0161\u00ed dluhopisov\u00e9 ETF<\/h2>\n<p class=\"ds-markdown-paragraph\">\u00a0segmentu dluhopisov\u00fdch ETF pat\u0159\u00ed mezi nejv\u00fdhodn\u011bj\u0161\u00ed mo\u017enosti pro \u0161irokou expozici americk\u00e9mu dluhopisov\u00e9mu trhu fondy\u00a0<strong>Vanguard Total Bond Market ETF (BND)<\/strong>\u00a0a\u00a0<strong>iShares Core U.S. Aggregate Bond ETF (AGG)<\/strong>, oba s n\u00e1kladov\u00fdm pom\u011brem (<strong>expense ratio<\/strong>)\u00a0<strong>0,03 %<\/strong>. Stejn\u011b n\u00edzk\u00e9 n\u00e1klady nab\u00edzej\u00ed i\u00a0<strong>Schwab U.S. Aggregate Bond ETF (SCHZ)<\/strong>\u00a0a\u00a0<strong>iShares Core Total USD Bond Market ETF (IUSB)<\/strong>. Spole\u010dnost\u00a0<strong>Vanguard<\/strong>\u00a0nav\u00edc poskytuje \u0159adu specializovan\u00fdch dluhopisov\u00fdch ETF s n\u00e1kladov\u00fdm pom\u011brem\u00a0<strong>0,03 %<\/strong>, kter\u00e9 pokr\u00fdvaj\u00ed r\u016fzn\u00e9 dura\u010dn\u00ed profily \u2013 nap\u0159\u00edklad\u00a0<strong>Vanguard Short-Term Bond ETF (BSV)<\/strong>,\u00a0<strong>Vanguard Intermediate-Term Bond ETF (BIV)<\/strong>\u00a0a\u00a0<strong>Vanguard Long-Term Bond ETF (BLV)<\/strong>.<\/p>\n<p class=\"ds-markdown-paragraph\">Fondy\u00a0<strong>BND<\/strong>\u00a0a\u00a0<strong>AGG<\/strong>\u00a0kombinuj\u00ed velmi n\u00edzkou n\u00e1kladovost s masivn\u00edm objemem spravovan\u00fdch aktiv (<strong>AUM<\/strong>), co\u017e potvrzuje jejich popularitu a vysokou likviditu. Investo\u0159i tak maj\u00ed k dispozici n\u011bkolik konkurenceschopn\u00fdch ETF, kter\u00e1 umo\u017e\u0148uj\u00ed n\u00e1kladov\u011b efektivn\u00ed expozici \u0161irok\u00e9mu spektru americk\u00e9ho dluhopisov\u00e9ho trhu.<\/p>\n<p><strong>Tabulka 4: P\u0159ehled nejlevn\u011bj\u0161\u00edch dluhopisov\u00fdch ETF<\/strong><\/p>\n\n<table id=\"tablepress-60\" class=\"tablepress tablepress-id-60\">\n<thead>\n<tr class=\"row-1\">\n\t<th class=\"column-1\">Symbol<\/th><th class=\"column-2\">Segment dluhopisov\u00e9ho trhu<\/th><th class=\"column-3\">Expense Ratio<\/th><th class=\"column-4\">AUM (k 1. kv\u011btnu 2025)<\/th>\n<\/tr>\n<\/thead>\n<tbody class=\"row-striping row-hover\">\n<tr class=\"row-2\">\n\t<td class=\"column-1\">BND<\/td><td class=\"column-2\">Celkov\u00fd dluhopisov\u00fd trh<\/td><td class=\"column-3\">0,03 %<\/td><td class=\"column-4\">126,80 miliard USD<\/td>\n<\/tr>\n<tr class=\"row-3\">\n\t<td class=\"column-1\">AGG<\/td><td class=\"column-2\">Celkov\u00fd dluhopisov\u00fd trh<\/td><td class=\"column-3\">0,03 %<\/td><td class=\"column-4\">124,20 miliard USD<\/td>\n<\/tr>\n<tr class=\"row-4\">\n\t<td class=\"column-1\">SCHZ<\/td><td class=\"column-2\">Celkov\u00fd dluhopisov\u00fd trh<\/td><td class=\"column-3\">0,03 %<\/td><td class=\"column-4\">Neuvedeno<\/td>\n<\/tr>\n<tr class=\"row-5\">\n\t<td class=\"column-1\">IUSB<\/td><td class=\"column-2\">Celkov\u00fd dluhopisov\u00fd trh<\/td><td class=\"column-3\">0,03 %<\/td><td class=\"column-4\">Neuvedeno<\/td>\n<\/tr>\n<tr class=\"row-6\">\n\t<td class=\"column-1\">BSV<\/td><td class=\"column-2\">Kr\u00e1tkodob\u00e9 dluhopisy<\/td><td class=\"column-3\">0,03 %<\/td><td class=\"column-4\">38,65 miliard USD<\/td>\n<\/tr>\n<tr class=\"row-7\">\n\t<td class=\"column-1\">BIV<\/td><td class=\"column-2\">St\u0159edn\u011bdob\u00e9 dluhopisy<\/td><td class=\"column-3\">0,03 %<\/td><td class=\"column-4\">Neuvedeno<\/td>\n<\/tr>\n<tr class=\"row-8\">\n\t<td class=\"column-1\">BLV<\/td><td class=\"column-2\">Dlouhodob\u00e9 dluhopisy<\/td><td class=\"column-3\">0,03 %<\/td><td class=\"column-4\">Neuvedeno<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-60 from cache -->\n<h2><strong>Nejlevn\u011bj\u0161\u00ed komoditn\u00ed ETF<\/strong><\/h2>\n<p class=\"ds-markdown-paragraph\">V oblasti komoditn\u00edch ETF se jako relativn\u011b n\u00edzkon\u00e1kladov\u00e1 mo\u017enost pro \u0161irokou komoditn\u00ed expozici jev\u00ed\u00a0<strong>abrdn Bloomberg All Commodity Strategy K-1 Free ETF (BCI)<\/strong>\u00a0s n\u00e1kladov\u00fdm pom\u011brem (<strong>expense ratio<\/strong>)\u00a0<strong>0,26 %<\/strong>. Pro investory zam\u011b\u0159en\u00e9 konkr\u00e9tn\u011b na zlato nab\u00edzej\u00ed fyzicky zaji\u0161t\u011bn\u00e9 ETF\u00a0<strong>iShares Gold Trust Micro ETF of Benef Interest (IAUM)<\/strong>\u00a0a\u00a0<strong>SPDR Gold MiniShares Trust (GLDM)<\/strong>\u00a0konkurenceschopn\u00e9 n\u00e1klady ve v\u00fd\u0161i\u00a0<strong>0,09 %<\/strong>\u00a0(IAUM) a\u00a0<strong>0,10 %<\/strong>\u00a0(GLDM).<\/p>\n<p class=\"ds-markdown-paragraph\">Zat\u00edmco\u00a0<strong>IAUM<\/strong>\u00a0m\u00e1 nejni\u017e\u0161\u00ed n\u00e1kladovost pro expozici zlatu, fondy\u00a0<strong>SPDR Gold Shares (GLD)<\/strong>\u00a0a\u00a0<strong>iShares Gold Trust (IAU)<\/strong>\u00a0disponuj\u00ed v\u00fdrazn\u011b vy\u0161\u0161\u00edm objemem spravovan\u00fdch aktiv (<strong>AUM<\/strong>), co\u017e m\u016f\u017ee znamenat vy\u0161\u0161\u00ed likviditu pro v\u011bt\u0161\u00ed investory. Pro \u0161irokou komoditn\u00ed expozici p\u0159edstavuje\u00a0<strong>BCI<\/strong>\u00a0n\u00e1kladov\u011b v\u00fdhodn\u011bj\u0161\u00ed alternativu k popul\u00e1rn\u011bj\u0161\u00edmu\u00a0<strong>Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC)<\/strong>, kter\u00fd m\u00e1 n\u00e1kladov\u00fd pom\u011br\u00a0<strong>0,59 %<\/strong>.<\/p>\n<p><strong>Tabulka 5: P\u0159ehled nejlevn\u011bj\u0161\u00edch komoditn\u00edch ETF<\/strong><\/p>\n\n<table id=\"tablepress-61\" class=\"tablepress tablepress-id-61\">\n<thead>\n<tr class=\"row-1\">\n\t<th class=\"column-1\">Symbol<\/th><th class=\"column-2\">Zam\u011b\u0159en\u00ed na komodity<\/th><th class=\"column-3\">Expense Ratio<\/th><th class=\"column-4\">AUM (k 1. kv\u011btnu 2025)<\/th>\n<\/tr>\n<\/thead>\n<tbody class=\"row-striping row-hover\">\n<tr class=\"row-2\">\n\t<td class=\"column-1\">IAUM<\/td><td class=\"column-2\">Zlato<\/td><td class=\"column-3\">0,09 %<\/td><td class=\"column-4\">2,63 miliard USD<\/td>\n<\/tr>\n<tr class=\"row-3\">\n\t<td class=\"column-1\">GLDM<\/td><td class=\"column-2\">Zlato<\/td><td class=\"column-3\">0,10 %<\/td><td class=\"column-4\">14,63 miliard USD<\/td>\n<\/tr>\n<tr class=\"row-4\">\n\t<td class=\"column-1\">BCI<\/td><td class=\"column-2\">\u0160irok\u00e9 komodity<\/td><td class=\"column-3\">0,26 %<\/td><td class=\"column-4\">1,42 miliard USD<\/td>\n<\/tr>\n<tr class=\"row-5\">\n\t<td class=\"column-1\">PDBC<\/td><td class=\"column-2\">\u0160irok\u00e9 komodity<\/td><td class=\"column-3\">0,59 %<\/td><td class=\"column-4\">4,38 miliard USD<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-61 from cache -->\n<h2>Nejlevn\u011bj\u0161\u00ed ETF na obnovitelnou energii\/\u010distou energii (tematick\u00e9)<\/h2>\n<p class=\"ds-markdown-paragraph\">Expense ratio (n\u00e1kladov\u00fd pom\u011br) u ETF zam\u011b\u0159en\u00fdch na obnovitelnou energii je obvykle vy\u0161\u0161\u00ed ne\u017e u \u0161irok\u00fdch indexov\u00fdch ETF. Pro americk\u00e9 investory se v tomto segmentu jako relativn\u011b n\u00edzkon\u00e1kladov\u00e1 mo\u017enost jev\u00ed\u00a0<strong>iShares Global Clean Energy ETF (ICLN)<\/strong>\u00a0s n\u00e1kladov\u00fdm pom\u011brem mezi\u00a0<strong>0,41 %<\/strong>\u00a0a\u00a0<strong>0,46 %<\/strong>. Pro srovn\u00e1n\u00ed: \u0161ir\u0161\u00ed energetick\u00e1 ETF, jako\u00a0<strong>Energy Select Sector SPDR Fund (XLE)<\/strong>\u00a0a\u00a0<strong>Vanguard Energy ETF (VDE)<\/strong>, maj\u00ed v\u00fdrazn\u011b ni\u017e\u0161\u00ed n\u00e1klady (<strong>0,08 %<\/strong>\u00a0a\u00a0<strong>0,09 %<\/strong>), ale nespecializuj\u00ed se na obnoviteln\u00e9 zdroje.<\/p>\n<p class=\"ds-markdown-paragraph\"><strong>ICLN<\/strong>\u00a0kombinuje relativn\u011b n\u00edzkou n\u00e1kladovost (v r\u00e1mci tematick\u00fdch ETF na \u010distou energii) s v\u00fdznamn\u00fdm objemem spravovan\u00fdch aktiv (<strong>AUM<\/strong>), co\u017e z n\u011bj \u010din\u00ed jednu z n\u00e1kladov\u011b efektivn\u011bj\u0161\u00edch mo\u017enost\u00ed pro investory c\u00edlen\u011b hledaj\u00edc\u00ed expozici v\u016f\u010di sektoru obnoviteln\u00e9 energie.<\/p>\n<p><strong>Tabulka 6: P\u0159ehled nejlevn\u011bj\u0161\u00edch ETF na obnovitelnou energii\/\u010distou energii<\/strong><\/p>\n\n<table id=\"tablepress-62\" class=\"tablepress tablepress-id-62\">\n<thead>\n<tr class=\"row-1\">\n\t<th class=\"column-1\">Symbol<\/th><th class=\"column-2\">Zam\u011b\u0159en\u00ed<\/th><th class=\"column-3\">Expense Ratio<\/th><th class=\"column-4\">AUM (k 1. kv\u011btnu 2025)<\/th>\n<\/tr>\n<\/thead>\n<tbody class=\"row-striping row-hover\">\n<tr class=\"row-2\">\n\t<td class=\"column-1\">ICLN<\/td><td class=\"column-2\">Glob\u00e1ln\u00ed \u010dist\u00e1 energie<\/td><td class=\"column-3\">0,41 % - 0,46 %<\/td><td class=\"column-4\">1,31 miliard USD<\/td>\n<\/tr>\n<tr class=\"row-3\">\n\t<td class=\"column-1\">QCLN<\/td><td class=\"column-2\">\u010cist\u00e1 energie v USA<\/td><td class=\"column-3\">0,59 %<\/td><td class=\"column-4\">366,16 milion\u016f USD<\/td>\n<\/tr>\n<tr class=\"row-4\">\n\t<td class=\"column-1\">XLE<\/td><td class=\"column-2\">\u0160ir\u0161\u00ed energetick\u00fd sektor<\/td><td class=\"column-3\">0,08 %<\/td><td class=\"column-4\">26,31 miliard USD<\/td>\n<\/tr>\n<tr class=\"row-5\">\n\t<td class=\"column-1\">VDE<\/td><td class=\"column-2\">\u0160ir\u0161\u00ed energetick\u00fd sektor<\/td><td class=\"column-3\">0,09 %<\/td><td class=\"column-4\">6,59 miliard USD<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-62 from cache -->\n<h2><strong>Dlouhodob\u00fd dopad n\u00e1kladov\u00fdch pom\u011br\u016f (expense ratio) na v\u00fdnosy<\/strong><\/h2>\n<p>Ni\u017e\u0161\u00ed n\u00e1kladov\u00fd pom\u011br m\u00e1 p\u0159\u00edm\u00fd vliv na celkovou v\u00fdnosnost, zejm\u00e9na u pasivn\u011b \u0159\u00edzen\u00fdch ETF kop\u00edruj\u00edc\u00edch indexy. I mal\u00e9 rozd\u00edly v n\u00e1kladech se d\u00edky efektu slo\u017een\u00e9ho \u00faro\u010den\u00ed mohou v horizontu 10\u201320 let projevit jako v\u00fdznamn\u00fd rozd\u00edl ve v\u00fdsledn\u00e9m zhodnocen\u00ed.<\/p>\n<p class=\"\" data-start=\"77\" data-end=\"268\"><em data-start=\"77\" data-end=\"229\">V n\u00e1sleduj\u00edc\u00edm modelov\u00e9m p\u0159\u00edkladu uk\u00e1\u017eeme, jak r\u016fzn\u00e9 ro\u010dn\u00ed n\u00e1kladov\u00e9 pom\u011bry fondu ovlivn\u00ed kone\u010dn\u00fd v\u00fdnos jednor\u00e1zov\u00e9 investice 100\u202f000 K\u010d b\u011bhem 30\u00a0let.<\/em> Nejprve stanov\u00edme p\u0159edpoklady sc\u00e9n\u00e1\u0159e:<\/p>\n<ul data-start=\"270\" data-end=\"459\">\n<li class=\"\" data-start=\"270\" data-end=\"309\">\n<p class=\"\" data-start=\"272\" data-end=\"309\"><strong data-start=\"272\" data-end=\"296\">Po\u010d\u00e1te\u010dn\u00ed investice:<\/strong> 100\u202f000\u00a0K\u010d<\/p>\n<\/li>\n<li class=\"\" data-start=\"310\" data-end=\"340\">\n<p class=\"\" data-start=\"312\" data-end=\"340\"><strong data-start=\"312\" data-end=\"331\">Doba investice:<\/strong> 30\u00a0let<\/p>\n<\/li>\n<li class=\"\" data-start=\"341\" data-end=\"396\">\n<p class=\"\" data-start=\"343\" data-end=\"396\"><strong data-start=\"343\" data-end=\"390\">Pr\u016fm\u011brn\u00fd ro\u010dn\u00ed hrub\u00fd v\u00fdnos (p\u0159ed poplatky):<\/strong> 7\u00a0%<\/p>\n<\/li>\n<li class=\"\" data-start=\"397\" data-end=\"459\">\n<p class=\"\" data-start=\"399\" data-end=\"459\"><strong data-start=\"399\" data-end=\"425\">Ro\u010dn\u00ed n\u00e1kladov\u00fd pom\u011br:<\/strong> varianty 0,02\u00a0%, 0,09\u00a0% a\u00a00,5\u00a0%<\/p>\n<\/li>\n<\/ul>\n<p class=\"\" data-start=\"461\" data-end=\"730\">Pro ka\u017edou variantu n\u00e1kladov\u00e9ho pom\u011bru vypo\u010d\u00edt\u00e1me kone\u010dn\u00fd z\u016fstatek po\u00a030\u00a0letech (tj. po\u00a0ode\u010dten\u00ed ro\u010dn\u00edch n\u00e1klad\u016f) a porovn\u00e1me jej s\u00a0v\u00fdsledkem nejni\u017e\u0161\u00edho n\u00e1kladov\u00e9ho pom\u011bru (0,02\u00a0%). N\u00e1sleduj\u00edc\u00ed tabulka shrnuje <strong data-start=\"671\" data-end=\"691\">kone\u010dn\u00e9 z\u016fstatky<\/strong> a <strong data-start=\"694\" data-end=\"729\">rozd\u00edly oproti sc\u00e9n\u00e1\u0159i s\u00a00,02\u00a0%<\/strong>:<\/p>\n<div id=\"attachment_9803\" style=\"width: 1200px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/www.forexsrovnavac.cz\/mag\/wp-content\/uploads\/2025\/05\/vliv-slozeneho-uroceni-a-nakladu-na-konecny-vynos.png\"><img alt=\"\" loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-9803\" class=\"wp-image-9803 size-full\" title=\"Modelov\u00fd p\u0159\u00edklad \u2013 dlouhodob\u00fd dopad n\u00e1kladov\u00fdch pom\u011br\u016f na v\u00fdnos investice\" src=\"https:\/\/www.forexsrovnavac.cz\/mag\/wp-content\/uploads\/2025\/05\/vliv-slozeneho-uroceni-a-nakladu-na-konecny-vynos.png\" alt=\"\" width=\"1200\" height=\"800\" srcset=\"https:\/\/www.forexsrovnavac.cz\/mag\/wp-content\/uploads\/2025\/05\/vliv-slozeneho-uroceni-a-nakladu-na-konecny-vynos.png 1200w, https:\/\/www.forexsrovnavac.cz\/mag\/wp-content\/uploads\/2025\/05\/vliv-slozeneho-uroceni-a-nakladu-na-konecny-vynos-150x100.png 150w, https:\/\/www.forexsrovnavac.cz\/mag\/wp-content\/uploads\/2025\/05\/vliv-slozeneho-uroceni-a-nakladu-na-konecny-vynos-768x512.png 768w, https:\/\/www.forexsrovnavac.cz\/mag\/wp-content\/uploads\/2025\/05\/vliv-slozeneho-uroceni-a-nakladu-na-konecny-vynos-60x40.png 60w, https:\/\/www.forexsrovnavac.cz\/mag\/wp-content\/uploads\/2025\/05\/vliv-slozeneho-uroceni-a-nakladu-na-konecny-vynos-48x32.png 48w, https:\/\/www.forexsrovnavac.cz\/mag\/wp-content\/uploads\/2025\/05\/vliv-slozeneho-uroceni-a-nakladu-na-konecny-vynos-120x80.png 120w, https:\/\/www.forexsrovnavac.cz\/mag\/wp-content\/uploads\/2025\/05\/vliv-slozeneho-uroceni-a-nakladu-na-konecny-vynos-203x135.png 203w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><\/a><p id=\"caption-attachment-9803\" class=\"wp-caption-text\">Modelov\u00fd p\u0159\u00edklad \u2013 dlouhodob\u00fd dopad n\u00e1kladov\u00fdch pom\u011br\u016f na v\u00fdnos investice<\/p><\/div>\n<p data-start=\"461\" data-end=\"730\">V <strong data-start=\"1328\" data-end=\"1366\">nejlevn\u011bj\u0161\u00ed variant\u011b (0,02\u00a0% p.a.)<\/strong> se 100\u00a0000\u00a0K\u010d p\u0159i 7% ro\u010dn\u00edm zhodnocen\u00ed za 30\u00a0let zhodnot\u00ed na zhruba <strong data-start=\"1435\" data-end=\"1451\">756\u00a0tis\u00edc K\u010d<\/strong>. <strong data-start=\"1453\" data-end=\"1479\">Vy\u0161\u0161\u00ed n\u00e1kladov\u00e9 pom\u011bry<\/strong> sni\u017euj\u00ed \u010dist\u00fd v\u00fdnos ka\u017ed\u00fd rok, co\u017e vede k ni\u017e\u0161\u00edmu kone\u010dn\u00e9mu z\u016fstatku. P\u0159i <strong data-start=\"1554\" data-end=\"1569\">0,09\u00a0% p.a.<\/strong> naroste investice asi na <strong data-start=\"1595\" data-end=\"1611\">742\u00a0tis\u00edc K\u010d<\/strong>, tedy zhruba o <strong data-start=\"1627\" data-end=\"1650\">14,7\u00a0tis\u00edce K\u010d m\u00e9n\u011b<\/strong> ne\u017e p\u0159i 0,02\u00a0%. V\u00a0<strong data-start=\"1669\" data-end=\"1704\">nejdra\u017e\u0161\u00edm sc\u00e9n\u00e1\u0159i (0,5\u00a0% p.a.)<\/strong> dos\u00e1hne z\u016fstatek p\u0159ibli\u017en\u011b <strong data-start=\"1732\" data-end=\"1748\">661\u00a0tis\u00edc K\u010d<\/strong>, co\u017e je o\u00a0<strong data-start=\"1759\" data-end=\"1780\">~95\u00a0tis\u00edc K\u010d m\u00e9n\u011b<\/strong> ne\u017e u\u00a0nejlevn\u011bj\u0161\u00ed varianty \u2013 investice m\u00e1 tedy kone\u010dnou hodnotu o <strong data-start=\"1847\" data-end=\"1864\">~12,6\u00a0% ni\u017e\u0161\u00ed<\/strong> oproti sc\u00e9n\u00e1\u0159i s 0,02 % poplatkem.<\/p>\n<h2 data-start=\"461\" data-end=\"730\">Vliv slo\u017een\u00e9ho \u00faro\u010den\u00ed a n\u00e1klad\u016f na kone\u010dn\u00fd v\u00fdnos<\/h2>\n<p>Slo\u017een\u00e9 \u00faro\u010den\u00ed (efekt \u201e\u00farok\u016f z \u00farok\u016f\u201c) zp\u016fsobuje, \u017ee v\u00fdnosy z jednoho roku se v dal\u0161\u00edch letech d\u00e1l zhodnocuj\u00ed. D\u00edky tomu se hodnota investice v \u010dase n\u00e1sobn\u011b zv\u011bt\u0161uje. Nap\u0159\u00edklad bez jak\u00fdchkoli poplatk\u016f by 100 000 K\u010d p\u0159i 7% ro\u010dn\u00edm v\u00fdnosu narostlo za 30 let a\u017e na ~761 tis\u00edc K\u010d. V na\u0161em nejni\u017e\u0161\u00edm poplatkov\u00e9m sc\u00e9n\u00e1\u0159i (0,02 %) je kone\u010dn\u00fd z\u016fstatek podobn\u00fd, nepatrn\u011b ni\u017e\u0161\u00ed (~757 tis. K\u010d). Ka\u017ed\u00fd rok v\u0161ak i mal\u00fd poplatek ukroj\u00ed \u010d\u00e1st v\u00fdnos\u016f, kter\u00e1 se pak u\u017e nem\u016f\u017ee d\u00e1le z\u00faro\u010dit, tak\u017ee vy\u0161\u0161\u00ed n\u00e1kladov\u00fd pom\u011br p\u0159\u00edmo sni\u017euje, kolik investorovi z\u016fstane. Nav\u00edc se dopad poplatk\u016f v \u010dase s\u010d\u00edt\u00e1 a n\u00e1sob\u00ed \u2013 i zd\u00e1nliv\u011b mal\u00fd rozd\u00edl v ro\u010dn\u00edm n\u00e1kladov\u00e9m pom\u011bru m\u016f\u017ee p\u0159i dlouhodob\u00e9m investov\u00e1n\u00ed v\u00e9st k v\u00fdrazn\u011b odli\u0161n\u00e9 kone\u010dn\u00e9 hodnot\u011b portfolia<\/p>\n<p>Na grafu je vid\u011bt, \u017ee v\u0161echny t\u0159i varianty rostou zprvu podobn\u011b, ale postupem \u010dasu se k\u0159ivky rozb\u00edhaj\u00ed. K\u0159ivka pro nejni\u017e\u0161\u00ed poplatek (0,02 %) stoup\u00e1 nejv\u00fd\u0161e, zat\u00edmco u nejvy\u0161\u0161\u00edho poplatku (0,5 %) zaost\u00e1v\u00e1 \u2013 rozd\u00edl se v\u00fdrazn\u011b projev\u00ed zejm\u00e9na v pozd\u011bj\u0161\u00edch letech. Poplatky tak sni\u017euj\u00ed mno\u017estv\u00ed pen\u011bz, kter\u00e9 se d\u00e1l investuje, a b\u011bhem 30 let se efekt kumuluje do des\u00edtek tis\u00edc K\u010d rozd\u00edlu v kone\u010dn\u00e9m z\u016fstatku. V dlouhodob\u00e9m horizontu proto ni\u017e\u0161\u00ed n\u00e1kladov\u00e9 pom\u011bry jednozna\u010dn\u011b ponech\u00e1vaj\u00ed investorovi v\u00edce prost\u0159edk\u016f, kter\u00e9 mohou pracovat d\u00edky slo\u017een\u00e9mu \u00faro\u010den\u00ed. To potvrzuje, \u017ee je z hlediska kone\u010dn\u00fdch v\u00fdnos\u016f velmi d\u016fle\u017eit\u00e9 dr\u017eet investi\u010dn\u00ed n\u00e1klady co nejni\u017e\u0161\u00ed.<\/p>\n<h3>Z\u00e1v\u011br<\/h3>\n<p class=\"ds-markdown-paragraph\">Tato anal\u00fdza identifikovala ETF s nejni\u017e\u0161\u00edm n\u00e1kladov\u00fdm pom\u011brem (expense ratio) nap\u0159\u00ed\u010d kl\u00ed\u010dov\u00fdmi t\u0159\u00eddami aktiv. V kategorii\u00a0<strong>S&amp;P 500<\/strong>\u00a0dominuj\u00ed fondy\u00a0<strong>SPLG<\/strong>,\u00a0<strong>VOO<\/strong>\u00a0a\u00a0<strong>IVV<\/strong>, p\u0159i\u010dem\u017e SPLG nab\u00edz\u00ed nejni\u017e\u0161\u00ed n\u00e1klady (0,02 %). Pro\u00a0<strong>Nasdaq 100<\/strong>\u00a0je n\u00e1kladov\u011b v\u00fdhodn\u011bj\u0161\u00ed\u00a0<strong>QQQM<\/strong>\u00a0(0,15 %) oproti popul\u00e1rn\u011bj\u0161\u00edmu\u00a0<strong>QQQ<\/strong>\u00a0(0,20 %). V segmentu\u00a0<strong>evropsk\u00fdch akci\u00ed<\/strong>\u00a0vynik\u00e1\u00a0<strong>VGK<\/strong>\u00a0(0,06 %) jako dostupn\u00e1 a n\u00edzkon\u00e1kladov\u00e1 volba pro americk\u00e9 investory, zat\u00edmco evrop\u0161t\u00ed investo\u0159i mohou vyu\u017e\u00edt UCITS ETF na\u00a0<strong>Euro Stoxx 50<\/strong>\u00a0s n\u00e1klady kolem 0,05 %.<\/p>\n<div id=\"attachment_9802\" style=\"width: 905px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/www.forexsrovnavac.cz\/mag\/wp-content\/uploads\/2025\/05\/nejlevnejsi-etf.png\"><img alt=\"\" loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-9802\" class=\"wp-image-9802 size-full\" title=\"Nejlevn\u011bj\u0161\u00ed ETF na r\u016fzn\u00e9 sektory\" src=\"https:\/\/www.forexsrovnavac.cz\/mag\/wp-content\/uploads\/2025\/05\/nejlevnejsi-etf.png\" alt=\"\" width=\"905\" height=\"562\" srcset=\"https:\/\/www.forexsrovnavac.cz\/mag\/wp-content\/uploads\/2025\/05\/nejlevnejsi-etf.png 905w, https:\/\/www.forexsrovnavac.cz\/mag\/wp-content\/uploads\/2025\/05\/nejlevnejsi-etf-150x93.png 150w, https:\/\/www.forexsrovnavac.cz\/mag\/wp-content\/uploads\/2025\/05\/nejlevnejsi-etf-768x477.png 768w, https:\/\/www.forexsrovnavac.cz\/mag\/wp-content\/uploads\/2025\/05\/nejlevnejsi-etf-64x40.png 64w, https:\/\/www.forexsrovnavac.cz\/mag\/wp-content\/uploads\/2025\/05\/nejlevnejsi-etf-52x32.png 52w, https:\/\/www.forexsrovnavac.cz\/mag\/wp-content\/uploads\/2025\/05\/nejlevnejsi-etf-129x80.png 129w, https:\/\/www.forexsrovnavac.cz\/mag\/wp-content\/uploads\/2025\/05\/nejlevnejsi-etf-217x135.png 217w\" sizes=\"auto, (max-width: 905px) 100vw, 905px\" \/><\/a><p id=\"caption-attachment-9802\" class=\"wp-caption-text\">Nejlevn\u011bj\u0161\u00ed ETF na r\u016fzn\u00e9 sektory<\/p><\/div>\n<p class=\"ds-markdown-paragraph\">V\u00a0<strong>dluhopisov\u00e9m segmentu<\/strong>\u00a0jsou nejefektivn\u011bj\u0161\u00edmi mo\u017enostmi\u00a0<strong>BND<\/strong>,\u00a0<strong>AGG<\/strong>,\u00a0<strong>SCHZ<\/strong>\u00a0a\u00a0<strong>IUSB<\/strong>, v\u0161echny s n\u00e1kladov\u00fdm pom\u011brem 0,03 %. Pro\u00a0<strong>komodity<\/strong>\u00a0nab\u00edzej\u00ed nejni\u017e\u0161\u00ed n\u00e1klady na zlato\u00a0<strong>IAUM<\/strong>\u00a0(0,09 %) a\u00a0<strong>GLDM<\/strong>\u00a0(0,10 %), zat\u00edmco\u00a0<strong>BCI<\/strong>\u00a0(0,26 %) poskytuje \u0161ir\u0161\u00ed komoditn\u00ed expozici. V\u00a0<strong>obnoviteln\u00e9 energii<\/strong>\u00a0je\u00a0<strong>ICLN<\/strong>\u00a0(0,41\u20130,46 %) relativn\u011b n\u00edzkon\u00e1kladovou volbou, a\u010dkoli \u0161ir\u0161\u00ed energetick\u00e1 ETF jako\u00a0<strong>XLE<\/strong>\u00a0(0,08 %) maj\u00ed ni\u017e\u0161\u00ed n\u00e1klady, ale nesoust\u0159ed\u00ed se v\u00fdhradn\u011b na \u010distou energii.<\/p>\n<p class=\"ds-markdown-paragraph\">P\u0159i v\u00fdb\u011bru ETF je v\u0161ak nutn\u00e9 zohlednit i dal\u0161\u00ed faktory ne\u017e pouze n\u00e1kladov\u00fd pom\u011br. Mezi kl\u00ed\u010dov\u00e9 parametry pat\u0159\u00ed\u00a0<strong>tracking error<\/strong>\u00a0(odchylka od indexu),\u00a0<strong>likvidita fondu<\/strong>, objem spravovan\u00fdch aktiv (<strong>AUM<\/strong>), metodologie sledovan\u00e9ho indexu a individu\u00e1ln\u00ed investi\u010dn\u00ed c\u00edle. Pro\u00a0<strong>\u010desk\u00e9 investory<\/strong>\u00a0je nav\u00edc z\u00e1sadn\u00ed dostupnost konkr\u00e9tn\u00edho ETF u lok\u00e1ln\u00edch broker\u016f a da\u0148ov\u00e9 aspekty. Tato zpr\u00e1va se zam\u011b\u0159ila prim\u00e1rn\u011b na n\u00e1kladovou efektivitu v souladu s po\u017eadavkem, ale d\u016fkladn\u00e1 anal\u00fdza v\u0161ech faktor\u016f je p\u0159ed investic\u00ed nezbytn\u00e1.<\/p>\n<h3><strong>Na co si d\u00e1t pozor?<\/strong><\/h3>\n<ul>\n<li>\n<p class=\"ds-markdown-paragraph\"><strong>Likvidita<\/strong>: Fondy s vy\u0161\u0161\u00edm AUM (nap\u0159. VOO \u2013 800 mld. USD) nab\u00edzej\u00ed snaz\u0161\u00ed obchodov\u00e1n\u00ed.<\/p>\n<\/li>\n<li>\n<p class=\"ds-markdown-paragraph\"><strong>Dostupnost<\/strong>: N\u011bkter\u00e1 ETF (nap\u0159. UCITS) jsou l\u00e9pe dostupn\u00e1 pro evropsk\u00e9 investory p\u0159es klasick\u00e9 brokery, ale z vy\u0161\u0161\u00edmi poplatky (Fio).<\/p>\n<\/li>\n<li>\n<p class=\"ds-markdown-paragraph\"><strong>Da\u0148ov\u00e9 dopady<\/strong>: U komoditn\u00edch ETF pozor na da\u0148 z p\u0159\u00edr\u016fstku hodnoty u fyzicky zaji\u0161t\u011bn\u00fdch fond\u016f.<\/p>\n<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Exchange Traded Funds (ETF) si v posledn\u00edch letech z\u00edskaly v\u00fdraznou oblibu jako efektivn\u00ed n\u00e1stroj pro diverzifikaci investi\u010dn\u00edho portfolia. Umo\u017e\u0148uj\u00ed investor\u016fm vstoupit do cel\u00fdch tr\u017en\u00edch segment\u016f nebo konkr\u00e9tn\u00edch odv\u011btv\u00ed prost\u0159ednictv\u00edm jedin\u00e9ho obchodovateln\u00e9ho cenn\u00e9ho pap\u00edru. Mezi kl\u00ed\u010dov\u00e9 p\u0159ednosti ETF pat\u0159\u00ed jejich obvykle ni\u017e\u0161\u00ed n\u00e1klady ve srovn\u00e1n\u00ed s klasick\u00fdmi pod\u00edlov\u00fdmi fondy. Pro investory je p\u0159itom z\u00e1sadn\u00ed sledovat v\u00fd\u0161i [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":9801,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"none","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","_lmt_disableupdate":"no","_lmt_disable":"","footnotes":""},"categories":[194],"tags":[],"class_list":["post-9787","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-akcie"],"modified_by":"Krpensk\u00fd Martin","_links":{"self":[{"href":"https:\/\/www.forexsrovnavac.cz\/mag\/wp-json\/wp\/v2\/posts\/9787","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.forexsrovnavac.cz\/mag\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.forexsrovnavac.cz\/mag\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.forexsrovnavac.cz\/mag\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.forexsrovnavac.cz\/mag\/wp-json\/wp\/v2\/comments?post=9787"}],"version-history":[{"count":0,"href":"https:\/\/www.forexsrovnavac.cz\/mag\/wp-json\/wp\/v2\/posts\/9787\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.forexsrovnavac.cz\/mag\/wp-json\/wp\/v2\/media\/9801"}],"wp:attachment":[{"href":"https:\/\/www.forexsrovnavac.cz\/mag\/wp-json\/wp\/v2\/media?parent=9787"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.forexsrovnavac.cz\/mag\/wp-json\/wp\/v2\/categories?post=9787"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.forexsrovnavac.cz\/mag\/wp-json\/wp\/v2\/tags?post=9787"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}