{"url":"https://etfiq.com/rankings/trading-full-cost-far-above-the-fee","section":"rankings","title":"ETF Hidden Costs: Full Cost to Own vs the Fee | ETFIQ","description":"SPLB leads ETFs whose full cost to own is far above the fee at 4.9\u00d7 (full cost \u00f7 fee), as of Oct 22, 2026. 8 funds from ETFIQ\u2019s own published figures.","as_of":"Oct 22, 2026","structured_data":[{"@type":"ItemList","name":"ETFs whose full cost to own is far above the fee","numberOfItems":8,"itemListOrder":"https://schema.org/ItemListOrderDescending","itemListElement":[{"@type":"ListItem","position":1,"name":"SPLB","url":"https://etfiq.com/funds/splb"},{"@type":"ListItem","position":2,"name":"SPHY","url":"https://etfiq.com/funds/sphy"},{"@type":"ListItem","position":3,"name":"SPBO","url":"https://etfiq.com/funds/spbo"},{"@type":"ListItem","position":4,"name":"MBND","url":"https://etfiq.com/funds/mbnd"},{"@type":"ListItem","position":5,"name":"SPMB","url":"https://etfiq.com/funds/spmb"},{"@type":"ListItem","position":6,"name":"SPTL","url":"https://etfiq.com/funds/sptl"},{"@type":"ListItem","position":7,"name":"SPAB","url":"https://etfiq.com/funds/spab"},{"@type":"ListItem","position":8,"name":"ION","url":"https://etfiq.com/funds/ion"}]},{"@type":"Dataset","name":"ETFs whose full cost to own is far above the fee","description":"SPLB leads ETFs whose full cost to own is far above the fee at 4.9\u00d7 (full cost \u00f7 fee), as of Oct 22, 2026. 8 funds from ETFIQ\u2019s own published figures.","url":"https://etfiq.com/rankings/trading-full-cost-far-above-the-fee","dateModified":"2026-10-22","creator":{"@id":"https://etfiq.com/#org"},"license":"https://etfiq.com/license/","isAccessibleForFree":true,"creditText":"ETFIQ (etfiq.com)","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/trading-score.json"}]},{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Why can an ETF cost more than its fee?","acceptedAnswer":{"@type":"Answer","text":"Buying and selling cost the spread, and a price above or below NAV costs or pays the gap. For a short holding those can be larger than a year\u2019s fee."}},{"@type":"Question","name":"Which ETF tops this list as of Oct 22, 2026?","acceptedAnswer":{"@type":"Answer","text":"SPLB: its full cost to own $10,000 for a year is 0.20%, 4.9 times its fee of 0.04%."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Rankings","item":"https://etfiq.com/rankings/"},{"@type":"ListItem","position":3,"name":"ETFs whose full cost to own is far above t...","item":"https://etfiq.com/rankings/trading-full-cost-far-above-the-fee"}]},{"@type":"WebPage","name":"ETF Hidden Costs: Full Cost to Own vs the Fee","description":"SPLB leads ETFs whose full cost to own is far above the fee at 4.9\u00d7 (full cost \u00f7 fee), as of Oct 22, 2026. 8 funds from ETFIQ\u2019s own published figures.","url":"https://etfiq.com/rankings/trading-full-cost-far-above-the-fee","dateModified":"2026-10-22","isPartOf":{"@type":"WebSite","name":"ETFIQ","url":"https://etfiq.com"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".lede",".faq"]},"publisher":{"@id":"https://etfiq.com/#org"}}],"characters":4677,"truncated":false,"content":"ETFIQ / Rankings / ETFs whose full cost to own is far above t... \n \n As of Oct 22, 2026 . Rebuilt every trading night.\n ETFs whose full cost to own is far above the fee\n As of Oct 22, 2026, SPLB\u2019s full cost to own for a year is 0.20%, 4.9 times its fee. See 8 funds ranked by full cost to own for a year as a multiple of the fee, largest first. Updated Oct 22, 2026.\n ETFs whose full cost to own is far above the fee, ranked by full cost to own for a year as a multiple of the fee, largest first, 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\u2019s median spread over the 30 days 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. # Ticker Fund Full cost \u00f7 fee Score Tier Cost to trade At $10,000 Full cost to own \u00b7 1 yr Fee Flags Net assets \n 1 SPLB State Street SPDR Portfolio Long Term Corporate Bond ETF 4.9\u00d7 86 Trades like a giant 0.025% $2.50 0.20% 0.04% None $1.2bn \n 2 SPHY State Street SPDR Portfolio High Yield Bond ETF 4.6\u00d7 87 Trades like a giant 0.020% $2.00 0.23% 0.05% None $11.7bn \n 3 SPBO State Street SPDR Portfolio Corporate Bond ETF 4.3\u00d7 90 Trades like a giant 0.020% $2.00 0.13% 0.03% None $2.1bn \n 4 MBND State Street Nuveen Municipal Bond ETF 3.5\u00d7 43 Thin 0.23% $24 1.40% 0.40% Price can drift from value, One dealer $25m \n 5 SPMB State Street SPDR Portfolio Mortgage Backed Bond ETF 3.4\u00d7 88 Trades like a giant 0.025% $2.50 0.14% 0.04% None $6.9bn \n 6 SPTL State Street SPDR Portfolio Long Term Treasury ETF 3.4\u00d7 90 Trades like a giant 0.020% $2.00 0.10% 0.03% None $11.7bn \n 7 SPAB State Street SPDR Portfolio Aggregate Bond ETF 3.3\u00d7 86 Trades like a giant 0.020% $2.00 0.10% 0.03% None $10.5bn \n 8 ION ProShares S&P Global Core Battery Metals ETF 3.0\u00d7 41 Thin 0.28% $28 1.76% 0.58% Price can drift from value $10m \n \n Method\n Every ETF whose full cost to own $10,000 for a year is three times its fee or more. Full cost is the fee, one round trip at the 30-day median spread, and the median premium or discount over 12 months. 8 of the 4,708 ETFs that may be listed qualify tonight. 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.\n Questions people ask\n Why can an ETF cost more than its fee? Buying and selling cost the spread, and a price above or below NAV costs or pays the gap. For a short holding those can be larger than a year\u2019s fee. Which ETF tops this list as of Oct 22, 2026? SPLB : its full cost to own $10,000 for a year is 0.20%, 4.9 times its fee of 0.04%. Where to next\n ETF trading costs and liquidity How the IQ Liquidity Score is built Most liquid ETFs Most liquid small ETFs Low-volume ETFs with deep liquidity Widest ETF premiums and discounts, last 30 days ETFs with the most days more than 1% from NAV ETFs with one active authorized participant ETFs with the most authorized participants ETFs with the tightest bid-ask spreads The trading score file Where these figures came from\n 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.\n A ranking is not a recommendation or an opinion. ETFIQ is an independent publisher, not an adviser. Standards and sources \n Cite this page. ETFIQ, ETFs whose full cost to own is far above the fee, ranked by full cost to own for a year as a multiple of the fee, largest first, data as of Oct 22, 2026. https://etfiq.com/rankings/trading-full-cost-far-above-the-fee Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data .\n Other forms Plain ETFIQ, ETFs whose full cost to own is far above the fee, ranked by full cost to own for a year as a multiple of the fee, largest first, data as of Oct 22, 2026. https://etfiq.com/rankings/trading-full-cost-far-above-the-fee APA ETFIQ. (Oct 22, 2026). ETFs whose full cost to own is far above the fee, ranked by full cost to own for a year as a multiple of the fee, largest first. Retrieved from https://etfiq.com/rankings/trading-full-cost-far-above-the-fee Markdown [ETFs whose full cost to own is far above the fee, ranked by full cost to own for a year as a multiple of the fee, largest first (ETFIQ, Oct 22, 2026)](https://etfiq.com/rankings/trading-full-cost-far-above-the-fee)","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":"Figures ETFIQ computes are free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.","citation":"ETFIQ, ETFs whose full cost to own is far above the fee, ranked by full cost to own for a year as a multiple of the fee, largest first, data as of Oct 22, 2026. https://etfiq.com/rankings/trading-full-cost-far-above-the-fee"}