# What is ETF net asset value?

> As of Nov 4, 2026, the median ETF closed 0.09% from its net asset value across 3,211 funds, and 467 closed over 1% away on a day.

Data as of Nov 4, 2026. Rebuilt every trading night.

## What is ETF net asset value?

Data as of Nov 4, 2026. Rebuilt every trading night.

As of Nov 4, 2026, the median ETF closed 0.09% from its net asset value across 3,211 funds, and 467 closed over 1% away on a day.

### In plain words

Net asset value, or NAV, is what the basket inside a fund is worth per share, worked out after the close from closing prices, plus cash, less costs.

The market price is not NAV: during the day it moves with trading, and the gap is the premium or discount. The median ETF closed 0.09% from NAV across 3,211 measured funds, and 467 had a day over 1%. Funds with foreign shares can show a gap that is only timing, because their NAV is set at a different time.

### Questions

Is NAV the price I pay? No. You pay the market price. NAV is the value of the basket.

When is NAV set? After the close, from closing prices.

Where do I see a fund’s gap? On its trading page.

### Where to next

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Source: ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.
Cite: ETFIQ, What is ETF net asset value?, data as of Nov 4, 2026. https://etfiq.com/learn/what-is-etf-net-asset-value
Licence: https://etfiq.com/license/ Data ETFIQ computes is free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.
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