The IQ Liquidity Score measures how easily an ETF trades, from 0 to 100. 100 is the easiest.
It uses fixed anchors, so a fund’s score does not move because other funds changed.
Beside it, the page prints the fund’s percentile in its category.
The tiers
Trades like a giant: 85 to 100. Liquid: 70 to 84. Liquid with care: 55 to 69.
Thin: 35 to 54. Hard to trade: 0 to 34.
122 ETFs scored Liquid or better on Oct 22, 2026.
The six components
Cost to trade: the fund’s 30-day median bid-ask spread, from its issuer.
Capacity: what the holdings could absorb in a day.
Price fidelity: how closely the closing price tracked net asset value (NAV).
Primary market: the active authorized participants (APs) named in Form N-CEN.
Bad-day behaviour: how the price held against NAV on the market’s hardest days.
Depth: how much is offered at the quote. It needs quote data ETFIQ does not hold yet.
Reading one fund
Each component prints with its raw figure, so you can see what drives the score.
The score describes trading in a fund, not whether to own it.
The low volume guide explains why a small fund can score high.