IQ
BZZ
Corgi Drones & Urban Air Mobility ETF
Category ThemesIssuer CorgiNet assets $2.9mFee 0.35%

BZZ bid-ask spread and liquidity

See what BZZ costs to trade and how closely it tracks its value.

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Not scored

IQ Liquidity Score

· 1 of 6 measured · Nov 11, 2026
$6.4m
its holdings can absorb a day
+0.09%
latest close, Nov 11
±0.18%
95% of days within
0 · Hard to trade100 · Trades like a giant

How easily this fund trades, from 0 to 100 on the same anchors for every fund; 100 is best. Method →

Cost to trade
Not measured · the issuer's 30-day median spread is not read for this fund
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Capacity
Holdings can absorb $6.4m a day, Nov 11, 2026
26.8
Price fidelity
Not measured · 19 days of closing premium are held, under the 20 needed
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Primary market
Not measured · no N-CEN ETF row for series S000102690 in the quarters read (2024q4 to 2026q3)
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Bad-day behaviour
Not measured · 2 of the 10 worst days and 17 other days are held, under the 5 and 60 needed
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Depth
Not measured · needs trade and quote data
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Capacity: what its holdings can absorb in a day. Price fidelity: how close its price stays to NAV, the value of what it holds. Primary market: the dealers who create and redeem its shares. Bad-day behaviour: its premium on the market’s worst days. Depth: the dollars quoted at the bid and the ask. How to read the score →

BZZ is not scored: its spread is not read, so it has no point on this chart. 137 scored Themes ETFs are plotted for comparison, Nov 12, 2026.

Spread against score

BZZ among Themes ETFs

Cheaper to trade sits left, easier to trade sits up.

137 scored
Hard to tradeThinLiquid with careLiquidTrades like a giantNov 12, 2026
Premium or discount to valueDaily, 19 days to Nov 11, 2026 · the ±1% band marked

Above zero: a premium. Below: a discount.

BZZ premium or discount to NAV, 19 days+1%0−1%Sep 11, 2026Nov 11, 2026
Latest close, Nov 11
+0.09%
95% of days within
±0.18%
Days more than 1% from NAV
0 of 19
Widest
−0.18%, Oct 30, 2026
CapacityWhat its holdings making up 95% of the weight can absorb a day, at 10% of each one’s volume
Holdings can absorb
$6.4m

BZZ’s holdings can absorb $6.4m a day, measured on its own holdings, as of Nov 11, 2026. A $1m order is 15.67% of a day’s capacity.

The holding that sets the limit: AIRO Group Holdings Inc (AIRO), 2.69% of the fund, $1.8m a day traded, the median of 20 days to Nov 11, 2026.

What retail orders paid

One way on $10,000, Sep 2026
All wholesalers read
$0.85
Schwab customers
$6.04
Fidelity customers
$7.85

In Sep 2026, retail market orders in BZZ paid $0.85 one way on $10,000, against $13 at the quote.

98% of shares filled better than the quote.

Where it trades

Q2 2026, 38 trading days
Odd lots, of exchange volume
3.5%

In Q2 2026, odd lots were 3.5% of BZZ’s exchange volume.

Off exchange means wholesalers and dark pools. Odd lots are orders under 100 shares, a sign of retail trading.

How to place the order

To buy or to sell, up to $100,000
When
ETF spreads are usually widest in the first minutes after the open and the last before the close.
Size
Up to $63,827 is 1% of what its holdings can absorb in a day, for a buy or a sell.
Watch
The premium to NAV, charted above: a buyer pays more, and a seller gets less, when it is wide.
Why low volume does not mean illiquid →Limit orders vs market orders for ETFs →
Not measured yet: these need trade data
Spread through the day

Median spread by half hour, 30 days.

Buyers against sellers

Volume bought at the ask against volume sold at the bid.

Retail flow, estimated

Trades priced in fractions of a cent, a sign of retail orders.

Large trades

Trades above $500k: how many, and their share of volume.

Closing auction

Share of the day’s volume at the close.

Questions people ask

Does BZZ trade at a premium or discount to NAV?

It closed +0.09% from its NAV on Nov 11, 2026. On 95% of the 19 days to then it was within ±0.18%, and it closed more than 1% from NAV on 0 of them.

Who is the LMM for BZZ?

BZZ’s lead market maker (LMM) on Cboe BZX is GTS Securities LLC. Lead market maker per Cboe BZX, as of Nov 9, 2026.
Where to next
ETF trading costs and liquidity→Cost-to-trade checker→Why low volume does not mean illiquidguide →Limit orders vs market orders for ETFsguide →How the IQ Liquidity Score is builtmethod →BZZ fund page→
Sources and dates
Premium to NAVETFIQ, close against the issuer’s NAV · Sep 11, 2026 to Nov 11, 2026
CapacityETFIQ, each holding’s 20-day median dollar volume · to Nov 11, 2026
Retail ordersSEC Rule 605 reports · Sep 2026
Where it tradesSEC MIDAS · Q2 2026

The score measures trading conditions, not the fund. ETFIQ makes no recommendations.

Cite this pageCitation, APA and Markdown

ETFIQ, BZZ trading: cost, capacity, premium and dealers, data as of Nov 11, 2026. https://etfiq.com/funds/bzz/trading/

Open data →

The score measures trading conditions, not the fund. ETFIQ makes no recommendations.