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Fractional Shares

Broker-supported ownership of less than one share, letting dollar-based orders invest an exact amount ('$500 of VOO') regardless of share price. Support varies by broker and by order type — many brokers restrict fractional trading to market orders, which matters when a strategy rests limit orders.
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Backtests are hypothetical, computed by DeployQuant's engine on minute-resolution consolidated US market data (2021-01-04 to 2026-07-17, $10,000 starting capital, no margin, fees and slippage not modeled) and do not guarantee future results. Nothing on this page is investment advice. Live trading involves risk of loss.