{"url":"https://etfiq.com/learn/what-is-an-etf-premium-or-discount","section":"learn","title":"What is an ETF premium or discount? | ETFIQ","description":"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. Updated every trading night.","as_of":"Nov 4, 2026","structured_data":[{"@type":"Article","@id":"https://etfiq.com/learn/what-is-an-etf-premium-or-discount#article","headline":"What is an ETF premium or discount?","description":"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.","url":"https://etfiq.com/learn/what-is-an-etf-premium-or-discount","mainEntityOfPage":"https://etfiq.com/learn/what-is-an-etf-premium-or-discount","dateModified":"2026-11-04","datePublished":"2026-11-04","author":{"@type":"Organization","name":"ETFIQ Research","url":"https://etfiq.com"},"publisher":{"@type":"Organization","name":"ETFIQ Research","url":"https://etfiq.com"},"about":"What is an ETF premium or discount?","inLanguage":"en"},{"@type":"FAQPage","@id":"https://etfiq.com/learn/what-is-an-etf-premium-or-discount#questions","mainEntity":[{"@type":"Question","name":"Why does an ETF trade away from its value?","acceptedAnswer":{"@type":"Answer","text":"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."}},{"@type":"Question","name":"Is a premium a cost?","acceptedAnswer":{"@type":"Answer","text":"Yes, if you pay more than the basket is worth. The gap closes over time, but you may trade out before it does."}},{"@type":"Question","name":"Where do I see a fund\u2019s premium?","acceptedAnswer":{"@type":"Answer","text":"On its trading page, with the median, the largest gap and the source."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Learn","item":"https://etfiq.com/learn/"},{"@type":"ListItem","position":3,"name":"What is an ETF premium or discount?","item":"https://etfiq.com/learn/what-is-an-etf-premium-or-discount"}]},{"@type":"WebPage","name":"What is an ETF premium or discount?","description":"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. Updated every trading night.","url":"https://etfiq.com/learn/what-is-an-etf-premium-or-discount","dateModified":"2026-11-04","isPartOf":{"@type":"WebSite","name":"ETFIQ","url":"https://etfiq.com"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".lede",".faq"]},"publisher":{"@id":"https://etfiq.com/#org"}}],"characters":2154,"truncated":false,"content":"ETFIQ / Learn / What is an ETF premium or discount? \n \n What is an ETF premium or discount?\n Data as of Nov 4, 2026. Rebuilt every trading night.\n 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.\n \n In plain words\n An ETF\u2019s 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.\n 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%.\n Questions\n 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.\n 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.\n Where do I see a fund\u2019s premium? On its trading page, with the median, the largest gap and the source.\n Where to next\n Premiums and discounts Trading Center Screener: filter every ETF What is an ETF bid-ask spread? How do ETF creation and redemption work? How do you measure ETF liquidity? All ETF explainers How ETFIQ computes these numbers \n Cite this page. ETFIQ, What is an ETF premium or discount?, data as of Nov 4, 2026. https://etfiq.com/learn/what-is-an-etf-premium-or-discount Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data .\n Other forms Plain ETFIQ, What is an ETF premium or discount?, data as of Nov 4, 2026. https://etfiq.com/learn/what-is-an-etf-premium-or-discount APA ETFIQ. (Nov 4, 2026). What is an ETF premium or discount?. Retrieved from https://etfiq.com/learn/what-is-an-etf-premium-or-discount Markdown [What is an ETF premium or discount? (ETFIQ, Nov 4, 2026)](https://etfiq.com/learn/what-is-an-etf-premium-or-discount)","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","license_text":"Data ETFIQ computes is free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.","citation":"ETFIQ, What is an ETF premium or discount?, data as of Nov 4, 2026. https://etfiq.com/learn/what-is-an-etf-premium-or-discount"}