- As of Nov 4, 2026, the median ETF closed 0.09% from its net asset value, and 467 of 3,211 funds closed over 1% away on a day.
In plain words
An ETF’s net asset value is the worth of its basket, worked out once a day. Priced above value, the fund trades at a premium; below, at a discount.
Large traders step in when the gap grows, so it is usually tiny. The median fund closed 0.09% from value, and 467 of 3,211 funds closed over 1% away on at least one day. Funds with foreign stocks can show a gap that is only timing, because their holdings close at different times. ETFIQ shows the median, the largest gap and the days over 1%.
Questions
- Why does an ETF trade away from its value?
Supply and demand for the shares can move the price before the basket catches up, especially in fast markets or for funds that own foreign stocks.
- Is a premium a cost?
Yes, if you pay more than the basket is worth. The gap closes over time, but you may trade out before it does.
- Where do I see a fund’s premium?
On its trading page, with the median, the largest gap and the source.