<p>Should You Hold Off on Buying VOO?</p><p>A Critical Look at the Market's Valuations</p>

The Vanguard S&P 500 ETF (NYSEMKT: VOO) is the largest ETF in the world and has recently accumulated over $1 trillion in assets.

In the last three years, VOO has gathered a staggering $386 billion in net assets, making up more than one-third of its total assets.

However, the recent surge in VOO's net assets has raised concerns among investors, particularly with the S&P 500 hitting an all-time high and valuations at an elevated level.

While VOO should be a staple in every portfolio, investors may want to consider diversifying into ETFs that perform well in market downturns, like dividend ETFs.

One great option is the WisdomTree U.S. High Dividend ETF (NYSEMKT: DHS), which tracks a proprietary index of stocks expected to pay the highest dividends.

The Wisdom Tree U.S. High Dividend ETF has gained 8% in 2022 and is up 13% year to date, beating the S&P 500.

Before buying stock in Vanguard S&P 500 ETF, consider the 10 best stocks for investors to buy now from The Motley Fool Stock Advisor analyst team.

Note: The Motley Fool has a disclosure policy and positions in and recommends Vanguard S&P 500 ETF.