What is the largest ETF market in the world?
As of March 7, 2024, State Street's SPDR S&P 500 ETF Trust was the highest valued exchange-traded fund (ETF) globally, with a market capitalization of over 467 billion U.S. dollars.
- SPY - $501.50 billion.
- IVV - $450.03 billion.
- VOO - $420.71 billion.
- VTi - $380.70 billion.
- QQQ - $258.64 billion4.
| Symbol | Name | Avg Daily Share Volume (3mo) |
|---|---|---|
| SQQQ | ProShares UltraPro Short QQQ | 140,183,891 |
| TQQQ | ProShares UltraPro QQQ | 73,031,180 |
| SPY | SPDR S&P 500 ETF Trust | 72,796,852 |
| SOXL | Direxion Daily Semiconductor Bull 3x Shares | 71,072,484 |
| Fund (ticker symbol) | Assets under management | 10-year average annual returns |
|---|---|---|
| SPDR S&P 500 ETF Trust (SPY) | $530.7 billion | 12.7% |
| iShares Core S&P 500 ETF (IVV) | $451.0 billion | 12.7% |
| Vanguard 500 Index Fund (VOO) | $434.3 billion | 12.7% |
| Vanguard Total Stock Market ETF (VTI) | $388.5 billion | 12.1% |
Exchange traded funds (ETFs) remain a fraction of the total global financial market in both equities and fixed income, ranging from 4.6%-13% of equities and 0.4%-2.8% of fixed income assets by region.
| ETF Brand | Issuer | Assets Under Management (AUM) |
|---|---|---|
| Vanguard | Vanguard | $2.2 trillion |
| SPDR | State Street Global Advisors | $1.1 trillion |
| Invesco | Invesco | $431 billion |
| Charles Schwab | Charles Schwab | $300 billion |
The largest Nasdaq 100 Index ETFs are the Invesco QQQ Trust ETF (QQQ) and the Invesco NASDAQ 100 ETF (QQQM).
The SPDR S&P 500 ETF Trust (SPY) seeks to track the performance of the S&P 500 index, which is a cap-weighted basket of the largest publicly traded companies in the U.S. SPY is the oldest ETF listed on a U.S. exchange and is the largest ETF as measured by AUM.
In contrast, the riskiest ETF in the Morningstar database, ProShares Ultra VIX Short-term Futures Fund (UVXY), has a three-year standard deviation of 132.9. The fund, of course, doesn't invest in stocks. It invests in volatility itself, as measured by the so-called Fear Index: The short-term CBOE VIX index.
| Symbol Symbol | ETF Name ETF Name | ESG Score Global Percentile (%) ESG Score Global Percentile (%) |
|---|---|---|
| VGT | Vanguard Information Technology ETF | 83.61% |
| XLK | Technology Select Sector SPDR Fund | 88.36% |
| IVW | iShares S&P 500 Growth ETF | 52.61% |
| SCHG | Schwab U.S. Large-Cap Growth ETF | 51.92% |
What company is bigger than Vanguard?
Vanguard is the world's second-largest investment company or brokerage firm, offering a range of active and passive options, as well as a competitive fee structure and other attractive selling points. BlackRock, Inc. is the world's largest investment firm and asset manager.
When was SPY created? SPY was created on January 22, 1993. It was the first US ETF to be listed on a national stock exchange, and it remains the most widely traded ETF in the world.
Some examples of companies that are currently larger than BlackRock in terms of market capitalization include: - Apple Inc. - Facebook Inc. - Tesla Inc.
Global Exchange Traded Fund (“ETF”) assets under management (“AuM”) achieved a remarkable Compound Annual Growth Rate (“CAGR”) of 18.9% in the past five years, and has grown by more than 25% from December 2022 to reach a new record of almost $11.5 trillion at the end of 2023 - according to PwC analysis.
The largest global ex. -U.S. stock ETF is the Vanguard Total International Stock ETF (VXUS), which mostly invests in the Asia-Pacific and European regions. Two other notable ETFs for investors seeking international exposure are the iShares MSCI ACWI ex-U.S. ETF (ACWX) and the Vanguard FTSE All-World ex-US ETF (VEU).
ETFs' market share relative to mutual funds — a chief rival among retail investors — has swelled to almost 30%, up from 13% a decade ago, according to Morningstar. More than 16 million U.S. households — about 12% of them — held ETFs in 2022, according to Investment Company Institute estimates.
Warren Buffett owns 2 ETFs—this one is better for everyday investors, experts say.
This ranking presents the largest providers of Exchange Traded Funds (ETFs) in the United States as of September 11, 2023, by assets under management (AUM). At that time, BlackRock proved to be the largest ETFs provider, with managed assets amounting to approximately 2.1 trillion U.S. dollars.
| FUND(TICKER) | EXPENSE RATIO | 10-YEAR RETURN AS OF APRIL 1 |
|---|---|---|
| iShares Russell 1000 Growth ETF (IWF) | 0.19% | 15.78% |
| iShares S&P 500 Growth ETF (IVW) | 0.18% | 14.34% |
| Schwab U.S. Large-Cap Growth ETF (SCHG) | 0.04% | 15.95% |
| SPDR Portfolio S&P 500 Growth ETF (SPYG) | 0.04% | 14.45% |
Key Takeaways
The SPDR Dow Jones Industrial Average ETF Trust (DIA) is the top (and only) exchange-traded fund tracking the Dow.
What are the top 10 ETFs?
| Fund (ticker) | YTD performance | Expense ratio |
|---|---|---|
| Vanguard Information Technology ETF (VGT) | 8.6 percent | 0.10 percent |
| Financial Select Sector SPDR Fund (XLF) | 12.4 percent | 0.09 percent |
| Energy Select Sector SPDR Fund (XLE) | 13.5 percent | 0.09 percent |
| Industrial Select Sector SPDR Fund (XLI) | 10.8 percent | 0.09 percent |
- ProShares Bitcoin Strategy ETF (BITO)
- Invesco QQQ Trust (QQQ)
- Vanguard Information Technology ETF (VGT)
- VanEck Semiconductor ETF (SMH)
- Invesco S&P MidCap Momentum ETF (XMMO)
- SPDR S&P Homebuilders ETF (XHB)
- Invesco S&P 500 GARP ETF (SPGP)
Leveraged ETF prices tend to decay over time, and triple leverage will tend to decay at a faster rate than 2x leverage. As a result, they can tend toward zero.
ETFs are subject to market fluctuation and the risks of their underlying investments. ETFs are subject to management fees and other expenses. Unlike mutual funds, ETF shares are bought and sold at market price, which may be higher or lower than their NAV, and are not individually redeemed from the fund.
Holding too many ETFs in your portfolio introduces inefficiencies that in the long term will have a detrimental impact on the risk/reward profile of your portfolio.
