{"url":"https://etfiq.com/rankings/trading-most-liquid-small-etfs","section":"rankings","title":"Most Liquid Small ETFs: Small but Liquid Funds | ETFIQ","description":"TWM leads most liquid small ETFs at 88 (score), as of Oct 22, 2026. 53 funds from ETFIQ\u2019s own published figures. A ranking is not a recommendation.","as_of":"Oct 22, 2026","structured_data":[{"@type":"ItemList","name":"Most liquid small ETFs","numberOfItems":53,"itemListOrder":"https://schema.org/ItemListOrderDescending","itemListElement":[{"@type":"ListItem","position":1,"name":"TWM","url":"https://etfiq.com/funds/twm"},{"@type":"ListItem","position":2,"name":"BITI","url":"https://etfiq.com/funds/biti"},{"@type":"ListItem","position":3,"name":"DXD","url":"https://etfiq.com/funds/dxd"},{"@type":"ListItem","position":4,"name":"SEF","url":"https://etfiq.com/funds/sef"},{"@type":"ListItem","position":5,"name":"SRTY","url":"https://etfiq.com/funds/srty"},{"@type":"ListItem","position":6,"name":"MYCI","url":"https://etfiq.com/funds/myci"},{"@type":"ListItem","position":7,"name":"EUM","url":"https://etfiq.com/funds/eum"},{"@type":"ListItem","position":8,"name":"SPCF","url":"https://etfiq.com/funds/spcf"},{"@type":"ListItem","position":9,"name":"SKF","url":"https://etfiq.com/funds/skf"},{"@type":"ListItem","position":10,"name":"DUG","url":"https://etfiq.com/funds/dug"},{"@type":"ListItem","position":11,"name":"MYY","url":"https://etfiq.com/funds/myy"},{"@type":"ListItem","position":12,"name":"MYCO","url":"https://etfiq.com/funds/myco"},{"@type":"ListItem","position":13,"name":"UCC","url":"https://etfiq.com/funds/ucc"},{"@type":"ListItem","position":14,"name":"QQXL","url":"https://etfiq.com/funds/qqxl"},{"@type":"ListItem","position":15,"name":"MYCF","url":"https://etfiq.com/funds/mycf"},{"@type":"ListItem","position":16,"name":"MYCG","url":"https://etfiq.com/funds/mycg"},{"@type":"ListItem","position":17,"name":"OBND","url":"https://etfiq.com/funds/obnd"},{"@type":"ListItem","position":18,"name":"MYCJ","url":"https://etfiq.com/funds/mycj"},{"@type":"ListItem","position":19,"name":"SSG","url":"https://etfiq.com/funds/ssg"},{"@type":"ListItem","position":20,"name":"UPW","url":"https://etfiq.com/funds/upw"},{"@type":"ListItem","position":21,"name":"REK","url":"https://etfiq.com/funds/rek"},{"@type":"ListItem","position":22,"name":"UXI","url":"https://etfiq.com/funds/uxi"},{"@type":"ListItem","position":23,"name":"UPV","url":"https://etfiq.com/funds/upv"},{"@type":"ListItem","position":24,"name":"SMDD","url":"https://etfiq.com/funds/smdd"},{"@type":"ListItem","position":25,"name":"DIG","url":"https://etfiq.com/funds/dig"},{"@type":"ListItem","position":26,"name":"EUO","url":"https://etfiq.com/funds/euo"},{"@type":"ListItem","position":27,"name":"EQQQ","url":"https://etfiq.com/funds/eqqq"},{"@type":"ListItem","position":28,"name":"REW","url":"https://etfiq.com/funds/rew"},{"@type":"ListItem","position":29,"name":"SZK","url":"https://etfiq.com/funds/szk"},{"@type":"ListItem","position":30,"name":"TBX","url":"https://etfiq.com/funds/tbx"},{"@type":"ListItem","position":31,"name":"SRS","url":"https://etfiq.com/funds/srs"},{"@type":"ListItem","position":32,"name":"MYMF","url":"https://etfiq.com/funds/mymf"},{"@type":"ListItem","position":33,"name":"MYHA","url":"https://etfiq.com/funds/myha"},{"@type":"ListItem","position":34,"name":"SCC","url":"https://etfiq.com/funds/scc"},{"@type":"ListItem","position":35,"name":"SDP","url":"https://etfiq.com/funds/sdp"},{"@type":"ListItem","position":36,"name":"UGE","url":"https://etfiq.com/funds/uge"},{"@type":"ListItem","position":37,"name":"RXD","url":"https://etfiq.com/funds/rxd"},{"@type":"ListItem","position":38,"name":"KOLD","url":"https://etfiq.com/funds/kold"},{"@type":"ListItem","position":39,"name":"URSP","url":"https://etfiq.com/funds/ursp"},{"@type":"ListItem","position":40,"name":"PRAB","url":"https://etfiq.com/funds/prab"},{"@type":"ListItem","position":41,"name":"UST","url":"https://etfiq.com/funds/ust"},{"@type":"ListItem","position":42,"name":"MRGR","url":"https://etfiq.com/funds/mrgr"},{"@type":"ListItem","position":43,"name":"SETH","url":"https://etfiq.com/funds/seth"},{"@type":"ListItem","position":44,"name":"MYHB","url":"https://etfiq.com/funds/myhb"},{"@type":"ListItem","position":45,"name":"LTL","url":"https://etfiq.com/funds/ltl"},{"@type":"ListItem","position":46,"name":"MZZ","url":"https://etfiq.com/funds/mzz"},{"@type":"ListItem","position":47,"name":"MYCK","url":"https://etfiq.com/funds/myck"},{"@type":"ListItem","position":48,"name":"MYCL","url":"https://etfiq.com/funds/mycl"},{"@type":"ListItem","position":49,"name":"MYMK","url":"https://etfiq.com/funds/mymk"},{"@type":"ListItem","position":50,"name":"MYCN","url":"https://etfiq.com/funds/mycn"},{"@type":"ListItem","position":51,"name":"MYCM","url":"https://etfiq.com/funds/mycm"},{"@type":"ListItem","position":52,"name":"SIJ","url":"https://etfiq.com/funds/sij"},{"@type":"ListItem","position":53,"name":"BIS","url":"https://etfiq.com/funds/bis"}]},{"@type":"Dataset","name":"Most liquid small ETFs","description":"TWM leads most liquid small ETFs at 88 (score), as of Oct 22, 2026. 53 funds from ETFIQ\u2019s own published figures. A ranking is not a recommendation.","url":"https://etfiq.com/rankings/trading-most-liquid-small-etfs","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":"What is the IQ Liquidity Score?","acceptedAnswer":{"@type":"Answer","text":"A measure of how easy an ETF is to trade, from 0 to 100, where 100 is best. It combines the spread, what the holdings can absorb in a day, the premium to NAV, the active dealers and bad days. It is not a rating."}},{"@type":"Question","name":"Which ETF tops this list as of Oct 22, 2026?","acceptedAnswer":{"@type":"Answer","text":"TWM, with an IQ Liquidity Score of 88, Trades like a giant, of 53 funds listed."}}]},{"@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":"Most liquid small ETFs","item":"https://etfiq.com/rankings/trading-most-liquid-small-etfs"}]},{"@type":"WebPage","name":"Most Liquid Small ETFs: Small but Liquid Funds","description":"TWM leads most liquid small ETFs at 88 (score), as of Oct 22, 2026. 53 funds from ETFIQ\u2019s own published figures. A ranking is not a recommendation.","url":"https://etfiq.com/rankings/trading-most-liquid-small-etfs","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":9058,"truncated":false,"content":"ETFIQ / Rankings / Most liquid small ETFs \n \n As of Oct 22, 2026 . Rebuilt every trading night.\n Most liquid small ETFs\n As of Oct 22, 2026, TWM is first at an IQ Liquidity Score of 88. See 53 funds ranked by IQ Liquidity Score, highest first, among funds flagged Small but liquid. Updated Oct 22, 2026.\n Most liquid small ETFs, ranked by IQ Liquidity Score, highest first, among funds flagged Small but liquid, 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 Score Tier Cost to trade At $10,000 Full cost to own \u00b7 1 yr Fee Flags Net assets \n 1 TWM ProShares UltraShort Russell2000 88 Trades like a giant 0.020% $2.00 1.05% 0.95% Small but liquid $61m \n 2 BITI ProShares Short Bitcoin ETF 87 Trades like a giant 0.030% $3.00 1.12% 1.02% Small but liquid $73m \n 3 DXD ProShares UltraShort Dow30 87 Trades like a giant 0.030% $3.00 1.05% 0.95% Small but liquid $44m \n 4 SEF ProShares Short Financials 87 Trades like a giant 0.030% $3.00 1.04% 0.95% Small but liquid $14m \n 5 SRTY ProShares UltraPro Short Russell2000 86 Trades like a giant 0.020% $2.00 1.10% 0.95% Small but liquid $70m \n 6 MYCI State Street My2029 Corporate Bond ETF 86 Trades like a giant 0.020% $2.00 0.24% 0.15% Small but liquid $58m \n 7 EUM ProShares Short MSCI Emerging Markets 86 Trades like a giant 0.030% $3.00 1.07% 0.95% Small but liquid $15m \n 8 SPCF ProShares Ultra SpaceX 84 Liquid 0.030% $3.00 1.12% 0.95% Small but liquid $87m \n 9 SKF ProShares UltraShort Financials 84 Liquid 0.040% $4.00 1.10% 0.95% Small but liquid $10m \n 10 DUG ProShares UltraShort Energy 82 Liquid 0.035% $3.50 1.09% 0.95% Small but liquid $33m \n 11 MYY ProShares Short MidCap400 82 Liquid 0.065% $6.50 1.12% 0.95% Small but liquid $4m \n 12 MYCO State Street My2035 Corporate Bond ETF 81 Liquid 0.045% $4.50 0.32% 0.15% Small but liquid $7m \n 13 UCC ProShares Ultra Consumer Discretionary 80 Liquid 0.060% $6.00 1.14% 0.95% Small but liquid $9m \n 14 QQXL ProShares Ultra QQQ Top 30 80 Liquid 0.060% $6.00 1.14% 0.96% Small but liquid $5m \n 15 MYCF State Street My2026 Corporate Bond ETF 79 Liquid 0.040% $4.00 0.27% 0.15% Small but liquid $51m \n 16 MYCG State Street My2027 Corporate Bond ETF 79 Liquid 0.040% $4.00 0.28% 0.15% Small but liquid $45m \n 17 OBND State Street Loomis Sayles Opportunistic Bond ETF 79 Liquid 0.020% $2.00 0.80% 0.55% Small but liquid $31m \n 18 MYCJ State Street My2030 Corporate Bond ETF 78 Liquid 0.040% $4.00 0.32% 0.15% Small but liquid $51m \n 19 SSG ProShares UltraShort Semiconductors 78 Liquid 0.050% $5.00 1.14% 0.95% Small but liquid $41m \n 20 UPW ProShares Ultra Utilities 78 Liquid 0.055% $5.50 1.17% 0.95% Small but liquid $13m \n 21 REK ProShares Short Real Estate 78 Liquid 0.030% $3.00 1.06% 0.95% Small but liquid, One dealer $12m \n 22 UXI ProShares Ultra Industrials 77 Liquid 0.080% $8.00 1.20% 0.95% Small but liquid $25m \n 23 UPV ProShares Ultra FTSE Europe 77 Liquid 0.085% $8.50 1.16% 0.95% Small but liquid $12m \n 24 SMDD ProShares UltraPro Short MidCap400 77 Liquid 0.060% $6.00 1.20% 0.95% Small but liquid $2m \n 25 DIG ProShares Ultra Energy 76 Liquid 0.045% $4.50 1.11% 0.95% Small but liquid $93m \n 26 EUO ProShares UltraShort Euro 76 Liquid 0.060% $6.00 1.17% 0.95% Small but liquid $45m \n 27 EQQQ ProShares Ultra QQQ Equal Weight 76 Liquid 0.080% $8.00 1.16% 0.95% Small but liquid $5m \n 28 REW ProShares UltraShort Technology 76 Liquid 0.10% $10 1.23% 0.95% Small but liquid $4m \n 29 SZK ProShares UltraShort Consumer Staples 76 Liquid 0.065% $6.50 1.20% 0.95% Small but liquid $633,342 \n 30 TBX ProShares Short 7-10 Year Treasury 75 Liquid 0.10% $10 1.17% 0.95% Small but liquid $24m \n 31 SRS ProShares UltraShort Real Estate 75 Liquid 0.055% $5.50 1.12% 0.95% Small but liquid $17m \n 32 MYMF State Street My2026 Municipal Bond ETF 75 Liquid 0.040% $4.00 0.41% 0.20% Small but liquid $9m \n 33 MYHA State Street My2027 High Yield Corporate Bond ETF 75 Liquid 0.060% $6.00 0.64% 0.39% Small but liquid $5m \n 34 SCC ProShares UltraShort Consumer Discretionary 75 Liquid 0.065% $6.50 1.16% 0.95% Small but liquid, One dealer $3m \n 35 SDP ProShares UltraShort Utilities 75 Liquid 0.060% $6.00 1.18% 0.95% Small but liquid $2m \n 36 UGE ProShares Ultra Consumer Staples 74 Liquid 0.055% $5.50 1.17% 0.95% Small but liquid $10m \n 37 RXD ProShares UltraShort Health Care 74 Liquid 0.10% $10 1.27% 0.95% Small but liquid $3m \n 38 KOLD ProShares UltraShort Bloomberg Natural Gas 73 Liquid 0.020% $2.00 1.55% 0.95% Small but liquid, Price can drift from value $97m \n 39 URSP ProShares Ultra S&P 500 Equal Weight 73 Liquid 0.095% $9.50 1.23% 0.95% Small but liquid $45m \n 40 PRAB State Street IG Public & Private ABS ETF 73 Liquid 0.040% $4.00 0.74% 0.39% Small but liquid $28m \n 41 UST ProShares Ultra 7-10 Year Treasury 73 Liquid 0.13% $13 1.25% 0.95% Small but liquid $16m \n 42 MRGR ProShares Merger ETF 73 Liquid 0.065% $6.50 1.06% 0.75% Small but liquid $16m \n 43 SETH ProShares Short Ether ETF 72 Liquid 0.085% $8.50 1.17% 0.95% Small but liquid $8m \n 44 MYHB State Street My2028 High Yield Corporate Bond ETF 72 Liquid 0.080% $8.00 0.67% 0.39% Small but liquid $5m \n 45 LTL ProShares Ultra Communication Services 72 Liquid 0.065% $6.50 1.19% 0.95% Small but liquid $5m \n 46 MZZ ProShares UltraShort MidCap400 72 Liquid 0.080% $8.00 1.19% 0.95% Small but liquid, One dealer $5m \n 47 MYCK State Street My2031 Corporate Bond ETF 71 Liquid 0.040% $4.00 0.29% 0.15% Small but liquid, One dealer $26m \n 48 MYCL State Street My2032 Corporate Bond ETF 71 Liquid 0.040% $4.00 0.30% 0.15% Small but liquid, One dealer $12m \n 49 MYMK State Street My2031 Municipal Bond ETF 70 Liquid 0.13% $13 0.47% 0.20% Small but liquid $11m \n 50 MYCN State Street My2034 Corporate Bond ETF 70 Liquid 0.045% $4.50 0.30% 0.15% Small but liquid, One dealer $9m \n 51 MYCM State Street My2033 Corporate Bond ETF 70 Liquid 0.045% $4.50 0.31% 0.15% Small but liquid, One dealer $8m \n 52 SIJ ProShares UltraShort Industrials 70 Liquid 0.10% $11 1.27% 0.95% Small but liquid $2m \n 53 BIS ProShares UltraShort Nasdaq Biotechnology 70 Liquid 0.090% $9.00 1.20% 0.95% Small but liquid $2m \n \n Method\n Every ETF carrying the Small but liquid flag: net assets under $100m, or a median of under 20,000 shares traded a day, with an IQ Liquidity Score of 70 or more. A tie is broken by net assets. 53 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 What is the IQ Liquidity Score? A measure of how easy an ETF is to trade, from 0 to 100, where 100 is best. It combines the spread, what the holdings can absorb in a day, the premium to NAV, the active dealers and bad days. It is not a rating. Which ETF tops this list as of Oct 22, 2026? TWM , with an IQ Liquidity Score of 88, Trades like a giant, of 53 funds listed. Where to next\n ETF trading costs and liquidity How the IQ Liquidity Score is built Most liquid ETFs Low-volume ETFs with deep liquidity ETFs whose full cost to own is far above the fee 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, Most liquid small ETFs, ranked by IQ Liquidity Score, highest first, among funds flagged Small but liquid, data as of Oct 22, 2026. https://etfiq.com/rankings/trading-most-liquid-small-etfs 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, Most liquid small ETFs, ranked by IQ Liquidity Score, highest first, among funds flagged Small but liquid, data as of Oct 22, 2026. https://etfiq.com/rankings/trading-most-liquid-small-etfs APA ETFIQ. (Oct 22, 2026). Most liquid small ETFs, ranked by IQ Liquidity Score, highest first, among funds flagged Small but liquid. Retrieved from https://etfiq.com/rankings/trading-most-liquid-small-etfs Markdown [Most liquid small ETFs, ranked by IQ Liquidity Score, highest first, among funds flagged Small but liquid (ETFIQ, Oct 22, 2026)](https://etfiq.com/rankings/trading-most-liquid-small-etfs)","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, Most liquid small ETFs, ranked by IQ Liquidity Score, highest first, among funds flagged Small but liquid, data as of Oct 22, 2026. https://etfiq.com/rankings/trading-most-liquid-small-etfs"}