Trading · ranked by cost to trade $10,000 one way, half the 30-day median bid-ask spread, lowest first, among thematic ETFs
Cheapest thematic ETFs to trade
As of Oct 22, 2026, SOXQ’s 30-day median bid-ask spread is 0.02%, so a $10,000 order costs $1.00 one way. See 100 funds ranked by cost to trade $10,000 one way, half the 30-day median bid-ask spread, lowest first, among thematic ETFs. Updated Oct 22, 2026.
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Ask IQ about Cheapest thematic ETFs to tradeAnswers cite the figures on this page.
| # | Ticker | Fund | Score | Tier | Cost to trade ↑ | At $10,000 | Full cost to own · 1 yr | Fee | Flags | Net assets |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | SOXQ | Invesco PHLX Semiconductor ETF | Not scored | No tier | 0.010% | $1.00 | Not measured | 0.19% | None | $2.8bn |
| 2 | FDN | First Trust Dow Jones Internet Index Fund | Not scored | No tier | 0.020% | $2.00 | Not measured | 0.49% | None | $5.1bn |
| 3 | KWEB | KraneShares CSI China Internet ETF | Not scored | No tier | 0.020% | $2.00 | Not measured | 0.69% | None | $4.3bn |
| 4 | SILJ | Amplify Junior Silver Miners ETF | Not scored | No tier | 0.020% | $2.00 | Not measured | 0.69% | None | $3.1bn |
| 5 | PNQI | Invesco NASDAQ Internet ETF | Not scored | No tier | 0.020% | $2.00 | Not measured | 0.60% | None | $545m |
| 6 | QQQJ | Invesco NASDAQ Next Gen 100 ETF | Not scored | No tier | 0.025% | $2.50 | Not measured | 0.15% | None | $1.2bn |
| 7 | NASA | Tema Space Innovators ETF | Not scored | No tier | 0.025% | $2.50 | Not measured | 0.75% | None | $951m |
| 8 | CIBR | First Trust NASDAQ Cybersecurity ETF | Not scored | No tier | 0.030% | $3.00 | Not measured | 0.58% | None | $17.7bn |
| 9 | PPA | Invesco Aerospace & Defense ETF | Not scored | No tier | 0.030% | $3.00 | Not measured | 0.58% | None | $7.3bn |
| 10 | FTXL | First Trust Nasdaq Semiconductor ETF | Not scored | No tier | 0.030% | $3.00 | Not measured | 0.60% | None | $1.1bn |
| 11 | AIRR | First Trust RBA American Industrial Renaissance ETF | Not scored | No tier | 0.035% | $3.50 | Not measured | 0.69% | None | $8.2bn |
| 12 | SKYY | First Trust Cloud Computing ETF | Not scored | No tier | 0.035% | $3.50 | Not measured | 0.60% | None | $3.5bn |
| 13 | MISL | First Trust Indxx Aerospace & Defense ETF | Not scored | No tier | 0.035% | $3.50 | Not measured | 0.60% | None | $666m |
| 14 | PBW | Invesco WilderHill Clean Energy ETF | Not scored | No tier | 0.035% | $3.50 | Not measured | 0.63% | None | $284m |
| 15 | RBLD | First Trust Alerian U.S. NextGen Infrastructure ETF | Not scored | No tier | 0.040% | $4.00 | Not measured | 0.65% | None | $42m |
| 16 | FBT | First Trust NYSE Arca Biotechnology Index Fund | Not scored | No tier | 0.045% | $4.50 | Not measured | 0.55% | None | $3.0bn |
| 17 | PHO | Invesco Water Resources ETF | Not scored | No tier | 0.045% | $4.50 | Not measured | 0.59% | None | $2.0bn |
| 18 | QCLN | First Trust Nasdaq Clean Edge Green Energy Index Fund | Not scored | No tier | 0.045% | $4.50 | Not measured | 0.59% | None | $470m |
| 19 | ONLN | ProShares Online Retail ETF | 66 | Liquid with care | 0.045% | $4.50 | 0.72% | 0.58% | None | $59m |
| 20 | PSI | Invesco Semiconductors ETF | Not scored | No tier | 0.050% | $5.00 | Not measured | 0.55% | None | $2.4bn |
| 21 | FIW | First Trust Water ETF | Not scored | No tier | 0.050% | $5.00 | Not measured | 0.50% | None | $1.8bn |
| 22 | PEJ | Invesco Leisure and Entertainment ETF | Not scored | No tier | 0.050% | $5.00 | Not measured | 0.58% | None | $357m |
| 23 | GRID | First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund | Not scored | No tier | 0.055% | $5.50 | Not measured | 0.56% | None | $11.1bn |
| 24 | PDBA | Invesco Agriculture Commodity Strategy No K-1 ETF | Not scored | No tier | 0.055% | $5.50 | Not measured | 0.59% | None | $477m |
| 25 | IBBQ | Invesco Nasdaq Biotechnology ETF | Not scored | No tier | 0.060% | $6.00 | Not measured | 0.19% | None | $114m |
| 26 | EPAI | Harbor AI Inflection Strategy ETF | Not scored | No tier | 0.060% | $6.00 | Not measured | 0.88% | None | $5m |
| 27 | TKNQ | Amplify Tokenization Technology Leaders ETF | Not scored | No tier | 0.060% | $6.00 | Not measured | 0.69% | None | $1m |
| 28 | HACK | Amplify Cybersecurity ETF | Not scored | No tier | 0.065% | $6.50 | Not measured | 0.60% | None | $3.5bn |
| 29 | FAI | First Trust Bloomberg Artificial Intelligence ETF | Not scored | No tier | 0.065% | $6.50 | Not measured | 0.65% | None | $251m |
| 30 | TAN | Invesco Solar ETF | Not scored | No tier | 0.070% | $7.00 | Not measured | 0.70% | None | $874m |
| 31 | BLOK | Amplify Blockchain Technology ETF | Not scored | No tier | 0.075% | $7.50 | Not measured | 0.70% | None | $930m |
| 32 | FAN | First Trust Global Wind Energy ETF | Not scored | No tier | 0.090% | $9.00 | Not measured | 0.60% | None | $189m |
| 33 | IBUY | Amplify Online Retail ETF | Not scored | No tier | 0.090% | $9.00 | Not measured | 0.65% | None | $129m |
| 34 | REXC | Sprott Rare Earths Ex-China ETF | Not scored | No tier | 0.090% | $9.00 | Not measured | 0.65% | None | $69m |
| 35 | IGPT | Invesco AI and Next Gen Software ETF | Not scored | No tier | 0.095% | $9.50 | Not measured | 0.57% | None | $1.3bn |
| 36 | CGW | Invesco S&P Global Water Index ETF | Not scored | No tier | 0.095% | $9.50 | Not measured | 0.58% | None | $1.1bn |
| 37 | AIS | VistaShares Artificial Intelligence Supercycle ETF | Not scored | No tier | 0.095% | $9.50 | Not measured | 0.75% | One dealer | $1.1bn |
| 38 | ROBT | First Trust Nasdaq Artificial Intelligence and Robotics ETF | Not scored | No tier | 0.095% | $9.50 | Not measured | 0.65% | None | $743m |
| 39 | ETHO | Amplify Etho Climate Leadership U.S. ETF | Not scored | No tier | 0.095% | $9.50 | Not measured | 0.45% | One dealer | $193m |
| 40 | MDEV | First Trust Indxx Medical Devices ETF | Not scored | No tier | 0.095% | $9.50 | Not measured | 0.70% | None | $3m |
| 41 | PBE | Invesco Biotechnology & Genome ETF | Not scored | No tier | 0.10% | $10 | Not measured | 0.59% | None | $431m |
| 42 | WELD | Tema U.S. Manufacturing & Reshoring ETF | Not scored | No tier | 0.10% | $10 | Not measured | 0.75% | None | $240m |
| 43 | KMEM | Kurv Memory Select ETF | Not scored | No tier | 0.10% | $10 | Not measured | 0.65% | None | $22m |
| 44 | TNXT | T. Rowe Price Innovation Leaders ETF | Not scored | No tier | 0.10% | $10 | Not measured | 0.49% | None | $20m |
| 45 | URNM | Sprott Uranium Miners ETF | Not scored | No tier | 0.10% | $11 | Not measured | 0.75% | None | $1.6bn |
| 46 | SATO | Invesco Alerian Galaxy Crypto Economy ETF | Not scored | No tier | 0.10% | $11 | Not measured | 0.66% | None | $7m |
| 47 | AMMO | VistaShares Defense Supercycle ETF | Not scored | No tier | 0.10% | $11 | Not measured | 0.75% | None | $2m |
| 48 | STBQ | Amplify Stablecoin Technology Leaders ETF | Not scored | No tier | 0.10% | $11 | Not measured | 0.69% | None | $2m |
| 49 | KOID | KraneShares Global Humanoid Robotics and Physical AI Index ETF | Not scored | No tier | 0.11% | $11 | Not measured | 0.69% | None | $327m |
| 50 | IQSZ | Invesco Global Equity Net Zero ETF | Not scored | No tier | 0.11% | $11 | Not measured | 0.19% | One dealer | $168m |
| 51 | MSOS | AdvisorShares Pure US Cannabis ETF | Not scored | No tier | 0.11% | $11 | Not measured | 0.78% | None | $752m |
| 52 | FPWR | First Trust EIP Power Solutions ETF | Not scored | No tier | 0.12% | $12 | Not measured | 0.96% | None | $33m |
| 53 | VOLT | Tema Electrification ETF | Not scored | No tier | 0.12% | $12 | Not measured | 0.75% | None | $757m |
| 54 | KNCT | Invesco Next Gen Connectivity ETF | Not scored | No tier | 0.12% | $12 | Not measured | 0.40% | None | $147m |
| 55 | CNBS | Amplify Seymour Cannabis ETF | Not scored | No tier | 0.12% | $12 | Not measured | 0.76% | None | $65m |
| 56 | FTAG | First Trust Indxx Global Agriculture ETF | Not scored | No tier | 0.12% | $12 | Not measured | 0.70% | One dealer | $14m |
| 57 | NXTG | First Trust Indxx NextG ETF | Not scored | No tier | 0.13% | $13 | Not measured | 0.70% | None | $541m |
| 58 | EKG | First Trust Nasdaq Lux Digital Health Solutions ETF | Not scored | No tier | 0.13% | $13 | Not measured | 0.65% | One dealer | $10m |
| 59 | HVAC | AdvisorShares HVAC and Industrials ETF | Not scored | No tier | 0.13% | $13 | Not measured | 1.00% | One dealer | $12m |
| 60 | AGIX | KraneShares Public-Private AI & Technology ETF | Not scored | No tier | 0.14% | $14 | Not measured | 1.00% | None | $731m |
| 61 | SGDJ | Sprott Junior Gold Miners ETF | Not scored | No tier | 0.14% | $14 | Not measured | 0.50% | None | $294m |
| 62 | THNR | Amplify Weight Loss Drug & Treatment ETF | Not scored | No tier | 0.14% | $14 | Not measured | 0.59% | None | $6m |
| 63 | AIEQ | Amplify AI Powered Equity ETF | Not scored | No tier | 0.15% | $15 | Not measured | 0.75% | None | $113m |
| 64 | POW | VistaShares Electrification Supercycle ETF | Not scored | No tier | 0.15% | $15 | Not measured | 0.75% | None | $54m |
| 65 | TOLZ | ProShares DJ Brookfield Global Infrastructure ETF | Not scored | No tier | 0.15% | $16 | Not measured | 0.46% | None | $168m |
| 66 | PBD | Invesco Global Clean Energy ETF | Not scored | No tier | 0.15% | $16 | Not measured | 0.75% | One dealer | $102m |
| 67 | ILDR | First Trust Innovation Leaders ETF | Not scored | No tier | 0.16% | $16 | Not measured | 0.75% | None | $337m |
| 68 | GGME | Invesco Next Gen Media and Gaming ETF | Not scored | No tier | 0.16% | $16 | Not measured | 0.63% | None | $44m |
| 69 | GAMR | Amplify Video Game Leaders ETF | Not scored | No tier | 0.16% | $16 | Not measured | 0.59% | None | $38m |
| 70 | IPAY | Amplify Digital Payments ETF | Not scored | No tier | 0.17% | $17 | Not measured | 0.75% | None | $149m |
| 71 | DISK | Tema Memory ETF | Not scored | No tier | 0.17% | $17 | Not measured | 0.75% | None | $52m |
| 72 | URNJ | Sprott Junior Uranium Miners ETF | Not scored | No tier | 0.17% | $17 | Not measured | 0.80% | None | $286m |
| 73 | FSPC | First Trust Bloomberg Space Economy ETF | Not scored | No tier | 0.17% | $17 | Not measured | 0.65% | None | $2m |
| 74 | COPP | Sprott Copper Miners ETF | Not scored | No tier | 0.18% | $18 | Not measured | 0.66% | None | $246m |
| 75 | METL | Sprott Active Metals & Miners ETF | Not scored | No tier | 0.18% | $18 | Not measured | 0.99% | None | $70m |
| 76 | LAZR | Tema Photonics & Optical ETF | Not scored | No tier | 0.18% | $19 | Not measured | 0.75% | None | $180m |
| 77 | GBUG | Sprott Active Gold & Silver Miners ETF | Not scored | No tier | 0.18% | $19 | Not measured | 0.90% | None | $159m |
| 78 | PAWZ | ProShares Pet Care ETF | 56 | Liquid with care | 0.18% | $19 | 0.97% | 0.50% | None | $34m |
| 79 | RTOO | VistaShares Robotics Supercycle ETF | Not scored | No tier | 0.18% | $19 | Not measured | 0.75% | None | $3m |
| 80 | SETM | Sprott Critical Materials ETF | Not scored | No tier | 0.19% | $19 | Not measured | 0.65% | None | $427m |
| 81 | DRNZ | REX Drone ETF | Not scored | No tier | 0.20% | $20 | Not measured | 0.65% | None | $95m |
| 82 | HLTH | Tema Healthcare AI ETF | Not scored | No tier | 0.20% | $20 | Not measured | 0.75% | None | not published |
| 83 | FDNI | First Trust Dow Jones International Internet ETF | Not scored | No tier | 0.20% | $21 | Not measured | 0.65% | One dealer | $29m |
| 84 | BNGE | First Trust S-Network Streaming & Gaming ETF | Not scored | No tier | 0.21% | $21 | Not measured | 0.70% | None | $5m |
| 85 | PIO | Invesco Global Water ETF | Not scored | No tier | 0.23% | $23 | Not measured | 0.75% | One dealer | $270m |
| 86 | LEGR | First Trust Indxx Innovative Transaction & Process ETF | Not scored | No tier | 0.23% | $23 | Not measured | 0.65% | None | $128m |
| 87 | GALX | VistaShares Space Supercycle ETF | Not scored | No tier | 0.23% | $24 | Not measured | 0.75% | None | $3m |
| 88 | BATT | Amplify Lithium & Battery Technology ETF | Not scored | No tier | 0.24% | $24 | Not measured | 0.59% | None | $98m |
| 89 | ARMY | Tema International Defense ETF | Not scored | No tier | 0.24% | $24 | Not measured | 0.68% | One dealer | $12m |
| 90 | RCTR | First Trust Bloomberg Nuclear Power ETF | Not scored | No tier | 0.25% | $25 | Not measured | 0.70% | None | $29m |
| 91 | ISHP | First Trust S-Network E-Commerce ETF | Not scored | No tier | 0.26% | $26 | Not measured | 0.60% | One dealer | $5m |
| 92 | SGDM | Sprott Gold Miners ETF | Not scored | No tier | 0.26% | $26 | Not measured | 0.46% | None | $606m |
| 93 | CUT | Invesco MSCI Global Timber ETF | Not scored | No tier | 0.28% | $28 | Not measured | 0.76% | None | $30m |
| 94 | ION | ProShares S&P Global Core Battery Metals ETF | 41 | Thin | 0.28% | $28 | 1.76% | 0.58% | Price can drift from value | $10m |
| 95 | AWAY | Amplify Travel Tech ETF | Not scored | No tier | 0.29% | $30 | Not measured | 0.75% | None | $23m |
| 96 | NIKL | Sprott Nickel Miners ETF | Not scored | No tier | 0.32% | $32 | Not measured | 0.75% | None | $42m |
| 97 | DTRE | First Trust Alerian Disruptive Technology Real Estate ETF | Not scored | No tier | 0.32% | $32 | Not measured | 0.60% | One dealer | $14m |
| 98 | TINY | ProShares Nanotechnology ETF | 23 | Hard to trade | 0.32% | $32 | 1.69% | 0.58% | Price can drift from value | $12m |
| 99 | PSIL | AdvisorShares Psychedelics ETF | Not scored | No tier | 0.32% | $32 | Not measured | 1.00% | None | $46m |
| 100 | EVMT | Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF | Not scored | No tier | 0.34% | $35 | Not measured | 0.59% | One dealer | $5m |
Cheapest thematic ETFs to trade, ranked by cost to trade $10,000 one way, half the 30-day median bid-ask spread, lowest first, among thematic ETFs, as of Oct 22, 2026. Scores and tiers as of Oct 22, 2026. Cost to trade is one way for a $10,000 order, half the issuer’s median spread over the 30 days to Oct 20, 2026 to Oct 22, 2026. Full cost to own is for $10,000 held a year, with the median premium over 12 months to Oct 22, 2026. Source: ETFIQ.
Method
Every ETF ETFIQ places among thematic ETFs whose issuer states a 30-day median bid-ask spread, by the cost to trade a $10,000 order one way: half that spread. A tie is broken by net assets. 110 of the 4,708 ETFs that may be listed qualify tonight, and the first 100 are shown.
The rest of the method
The IQ Liquidity Score measures trading conditions, not the fund, and no list here is a recommendation. The list sorts one published figure, with no scoring or weighting. Too new and closing funds are left out, as are funds no longer listed.
Where to next
ETF trading costs and liquidity→How the IQ Liquidity Score is built→Most liquid ETFs100 →Most liquid small ETFs53 →Low-volume ETFs with deep liquidity6 →ETFs whose full cost to own is far above the fee8 →Widest ETF premiums and discounts, last 30 days100 →ETFs with the most days more than 1% from NAV100 →ETFs with one active authorized participant100 →ETFs with the most authorized participants100 →The trading score file→
Where these figures came from
Rule 6c-11, what every ETF must publish daily: its spread, premium and holdings ↗SEC EDGAR, full-text search of fund filings ↗SEC Form N-PORT, what a fund filed it holds ↗Rule 19a-1, what a distribution notice must say ↗
ETFIQ links to the documents behind every figure; a link is not an endorsement. A ranking is not a recommendation or an opinion.
Questions people ask
What does an ETF’s bid-ask spread cost?
Half the spread each way, on average, when you trade at the quote. A limit order at the midpoint plus half the spread caps it.
Which ETF tops this list as of Oct 22, 2026?
SOXQ, at 0.010% one way, $1.00 on $10,000, from a 30-day median spread of 0.02% to Oct 22, 2026.
Cite this pageCitation, APA and Markdown
ETFIQ, Cheapest thematic ETFs to trade, ranked by cost to trade $10,000 one way, half the 30-day median bid-ask spread, lowest first, among thematic ETFs, data as of Oct 22, 2026. https://etfiq.com/rankings/trading-cheapest-thematic-etfs-to-trade
ETFIQ. (Oct 22, 2026). Cheapest thematic ETFs to trade, ranked by cost to trade $10,000 one way, half the 30-day median bid-ask spread, lowest first, among thematic ETFs. Retrieved from https://etfiq.com/rankings/trading-cheapest-thematic-etfs-to-trade
[Cheapest thematic ETFs to trade, ranked by cost to trade $10,000 one way, half the 30-day median bid-ask spread, lowest first, among thematic ETFs (ETFIQ, Oct 22, 2026)](https://etfiq.com/rankings/trading-cheapest-thematic-etfs-to-trade)
Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data.