List of American exchange-traded funds explained

See main article: List of exchange-traded funds.

This is a table of notable American exchange-traded funds, or ETFs. As of 2020, the number of exchange-traded funds worldwide was over 7,600,[1] representing about 7.74 trillion U.S. dollars in assets.[2] The largest ETF, as of April 2021, was the SPDR S&P 500 ETF Trust, with about $353.4 billion in assets. The second-largest was the iShares Core S&P 500 ETF with around $270.0 billion, and third-largest was the Vanguard Total Stock Market ETF with $213.1 billion.[3]

Stock ETFs

Broad market ETFs

Index-tracking ETFs

Style ETFs

Large-cap ETFs

Mid-cap ETFs

Small-cap ETFs

International ETFs

Broad ex-US ETFs

("ex-US" excludes the United States)

Regional ex-US ETFs

("ex-US" excludes the United States)

Country ETFs

Developed ex-US markets

("ex-US" excludes the United States)

Emerging markets

Sector ETFs

Sector ETFs may track sector-based indexes or simply correspond to a basket of companies thought to be representative of a specific market sector.

US domestic sectors

Consumer discretionary
Consumer staples
Energy

Electronic Sports

Financials
Health care
Industrials
Materials
Information technology
Telecommunication
Utilities

Global sectors

Consumer discretionary
Consumer staples
Energy
Financials
Health care
Industrials
Materials
Information technology
Telecommunication
Utilities

Bond ETFs

Commodity ETFs

Commodity ETFs, also known as exchange-traded commodities (ETCs), track a commodity index or a specific commodity. This is often via commodity futures. These fall into four general categories, agricultural, which includes livestock and "softs"; energy resources; industrial materials; and precious metals. The most popular precious metals ETFs hold physical stocks of the metal rather than futures.

Broad basket

Agricultural ETFs

Energy commodity ETFs

Industrial commodity ETFs

Precious metals ETFs

See main article: Gold exchange-traded fund and Silver exchange-traded fund.

Gold
Silver
Others

Real estate ETFs

Leveraged & short ETFs

Typically ETFs track an index. Using a combination of options, futures, and swaps some firms have designed ETFs capable of tracking approximately -1x, 2x, -2x, 3x and -3x the daily returns of an index. 3x and -3x ETFs were first released on November 8, 2008 by Direxion Funds. These funds are structured in a sophisticated way, and due to their extreme volatility they may not be appropriate vehicles for the casual investor.[5] (Note that obtaining 2x the daily returns for one year does not imply that one will receive double the annual returns of an index). On August 18, 2009 the U.S. Securities and Exchange Commission issued a warning to investors that leveraged exchange-traded funds could lead to big losses even if the market index or benchmark they track shows a gain.[6]

Short ETFs

Short ETFs enable investors to profit from declines in an underlying index without directly selling short any securities. Investors who think an index will decline purchase shares of the short ETF that tracks the index, and the shares increase or decrease in value inversely with the index, that is to say that if the value of the underlying index goes down, then the value of the short ETF shares goes up, and vice versa. Some popular short ETFs include:

AdvisorShares

ProShares

Tuttle

Leveraged ETFs

The following ETFs are good examples of Leveraged ETFs:

Leveraged short ETFs

The following funds are both short and leveraged:

Asset allocation

ETFs can be asset allocation funds, which include different asset classes rather than just one. They are usually, but not exclusively, implemented using a fund-of-funds structure. The most common ones use fixed strategies, which can be described with terms like "aggressive" or "conservative", denoting more in stocks and more in bonds, respectively. Other ones may have a target-date strategy where the allocation changes over time.

An example of such an ETF is the Russell Investments OneFund (NYSE Arca ONEF), which is composed of nine ETFs (Vanguard and iShares ETFs). Another is the AdvisorShares Cambria Global Tactical ETF (NYSE Arca GTAA). A lineup of Target Date ETFs is offered by iShares (e.g., iShares S&P Target Date 2040 Index Fund; NYSE Arca TZV).

Active ETFs

The following ETFs are not index-based but rather actively managed:

AdvisorShares[9]

ALPS[10]

Amplify[11]

Ark Invest[12]

Cambria[13]

ValueShares[14]

MomentumShares[15]

Columbia Management Group[16]

First Trust[17]

Flexshares[18]

Franklin Templeton Investments[19]

Guggenheim[20]

iShares[21]

KraneShares[22]

PIMCO ETFs[23]

Quadratic Capital Management[24]

Invesco PowerShares[25]

State Street SPDR[26]

WisdomTree Investments[27]

See also

References

  1. Web site: Number of exchange traded funds (ETFs) worldwide from 2003 to 2020 . limited . Statista . 8 April 2021 . en.
  2. Web site: Development of assets of global exchange traded funds (ETFs) from 2003 to 2020 . limited . Statista . 8 April 2021 . en.
  3. Web site: Largest ETFs: Top 100 ETFs By Assets. ETF Database.
  4. Web site: NERD ETF. Roundhill ETFs. en. 2019-06-05.
  5. Web site: The Case Against Leveraged ETFs. Yates. Tristan. 2007-05-17. Seeking Alpha. en. 2019-01-16.
  6. News: SEC warns investors on leveraged ETF holdings. 2009-08-18. Reuters. 2019-01-16. en.
  7. Web site: FBGX Quote - FI Enhanced Large Cap Growth ETN Fund. .
  8. Web site: Credit Suisse FI Large Cap Gr Enh ETN (FLGE) Quote - ARCX | Morningstar.
  9. Web site: AdvisorShares Funds.
  10. Web site: ALPS Funds.
  11. Web site: Home - Amplify ETFs. 2021-04-24. www.amplifyetfs.com.
  12. Web site: ARK Invest Innovation Funds.
  13. Web site: Cambria Funds.
  14. Web site: ValueShares.
  15. Web site: MomentumShares.
  16. Web site: Columbia Management.
  17. Web site: First Trust.
  18. Web site: FlexShares.
  19. Web site: Franklin Templeton ETFs.
  20. Web site: Guggenheim Investments ETFs.
  21. Web site: iShares.
  22. Web site: KraneShares .
  23. Web site: PIMCO ETFs.
  24. Web site: Quadratic Capital Management.
  25. Web site: PowerShares Exchange-Traded Funds.
  26. Web site: SPDR Exchange Traded Funds.
  27. Web site: WisdomTree ETFs.

External links

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