Index ETFs: What are the largest on the market?
In the modern stock market, aside from the well-known stocks, there are many other different products that can be used for trading and obtaining profit through speculation and price fluctuations. One of these products is an Exchange-traded fund, or ETF, which combines the volatility and liquidity of a stock with diversification.
There are currently about 700 ETFs which follow a variety or indices or commodities like gold or oil, but index ETFs are the most common, and hence, the most popular. Generally, while all ETFs have a variety of metrics that describe their performance, the basic figures that describe an ETF is Assets Under Management, daily trading volume and year-to-date return, among others.
With this in mind, Insider Monkey compiled a list of ten largest index ETFs, in terms of Assets Under Management. Also we have included the index that each ETF follows, and some other figures that can give you an idea regarding the performance of the ETF, similar to our list of the best short ETFs.
As a little preview, in tenth we have included iShares Core S&P Mid Cap ETF (NYSEARCA:IJH). This ETF issued by iShares is tracking the S&P MidCap 400 Index, which is responsible for offering investors a touchstone for mid-sized enterprises. With Assets Under Management of $19.3 billion and an average trading daily volume of about $1.1 million, the ETF has returned over 18% since the beginning of the year.
Check out the rest of our list of Index ETFs on the following pages: