Largest ETFs by Assets: The Top 50, Plus the Biggest Fund of Each Kind

Size is not a measure of quality, but it tells you a lot. The biggest ETFs are where most investors’ money actually sits, they tend to be the cheapest and the easiest to trade, and a fund with hundreds of billions of dollars is very unlikely to close. This page ranks ETFs by the net assets reported in their latest SEC filings rather than a vendor’s estimate.

Most of the top of the list is broad, low-cost index funds. The second table shows the largest fund of each kind, from bonds to gold, which is often the simplest place to start when comparing within a category.

The 50 largest ETFs

Ranked by net assets in each fund’s latest filing with the SEC. Broad, low-cost index funds dominate the top of the list.

Together these 50 funds hold $12.43T, by their latest filings.
Vanguard runs 23, iShares runs 15, SPDR runs 4 of them.
10 are broad US stock market funds; the largest bond fund, BND, ranks #7.
Costs run from 0.01% (SPYM) to 0.4% (GLD), with a median of 0.05%.
The youngest fund in the top 50 is QQQM, launched in 2020.

Fund	#	Type	Net assets	Cost	1 yr	5 yr	10 yr	Daily trading
VTI Vanguard Total Stock Market ETF	1	US stock market	$2.30T^†	0.03%	+12.1%	+10.8%	—	$1.13B
VOO Vanguard S&P 500 ETF	2	US stock market	$1.67T^†	0.03%	+12.1%	+11.9%	—	$4.92B
IVV iShares Core S&P 500 ETF	3	US stock market	$888.13B	0.03%	+11.5%	+11.8%	+15.5%	$4.45B
SPY SPDR S&P 500 ETF Trust	4	US stock market	$781.19B	0.09%	+11.5%	+11.7%	+15.4%	$31.70B
VXUS Vanguard Total International Stock ETF	5	International and global	$645.86B^†	0.05%	+13.2%	+8.0%	+9.2%	$429.3M
QQQ Invesco QQQ Trust Series I	6	US stock market	$490.10B	0.18%	+8.8%	+12.5%	+20.3%	$7.67B
BND Vanguard Total Bond Market ETF	7	Bonds	$397.11B^†	0.03%	-0.4%	-0.3%	+1.4%	$155.0M
VUG Vanguard Growth ETF	8	US growth	$379.29B^†	0.03%	+3.3%	+10.8%	—	$527.9M
VEA Vanguard FTSE Developed Markets ETF	9	International and global	$316.42B^†	0.03%	+16.9%	+9.1%	—	$681.8M
VTV Vanguard Value ETF	10	US value	$254.48B^†	0.03%	+25.3%	+12.3%	—	$660.1M
VO Vanguard Mid-Cap ETF	11	US small and mid caps	$224.06B^†	0.03%	+14.9%	+6.9%	—	$227.4M
IEFA iShares Core MSCI EAFE ETF	12	International and global	$190.11B	0.07%	+13.7%	+8.2%	+9.4%	$973.7M
VB Vanguard Small Cap ETF	13	US small and mid caps	$188.70B^†	0.03%	+15.3%	+5.9%	—	$154.6M
VGT Vanguard Information Technology ETF	14	Sector	$170.66B^†	0.09%	+19.4%	+17.3%	—	$591.0M
VWO Vanguard FTSE Emerging Markets ETF	15	Emerging markets	$162.04B^†	0.06%	+3.8%	+5.0%	—	$447.0M
IEMG iShares Core MSCI Emerging Markets ETF	16	Emerging markets	$160.90B	0.09%	+11.7%	+6.7%	+8.2%	$1.11B
SPYM SPDR Portfolio S&P 500 ETF · formerly SPLG	17	US stock market	$153.92B	0.01%	+11.5%	+11.8%	—	$1.17B
AGG iShares Core U.S. Aggregate Bond ETF	18	Bonds	$138.32B	0.03%	-0.4%	-0.2%	+1.4%	$1.21B
VIG Vanguard Dividend Appreciation ETF	19	Dividend and income	$130.90B^†	0.04%	+16.0%	+10.4%	—	$269.6M
GLD SPDR Gold Shares	20	Gold and commodities	$130.10B	0.4%	-1.8%	+16.7%	+11.3%	$3.30B
IWF iShares Russell 1000 Growth ETF	21	US growth	$128.90B	0.18%	-3.7%	+9.9%	+17.5%	$608.6M
IJH iShares Core S&P Mid-Cap ETF	22	US small and mid caps	$124.33B	0.05%	+15.3%	+6.9%	+11.3%	$559.7M
XLK Technology Select Sector SPDR Fund	23	Sector	$123.91B	0.08%	+20.0%	+2.8%	+15.6%	$1.67B
BNDX Vanguard Total International Bond ETF	24	Bonds	$122.53B^†	0.07%	-0.7%	+0.2%	+1.5%	$232.5M
SCHD Schwab US Dividend Equity ETF	25	Dividend and income	$112.34B	0.06%	+38.9%	+10.5%	+13.9%	$787.3M
IJR iShares Core S&P Small-Cap ETF	26	US small and mid caps	$111.32B	0.06%	+21.6%	+5.8%	+11.0%	$488.0M
SGOV iShares 0-3 Month Treasury Bond ETF	27	Treasury bonds	$105.98B	0.09%	+3.4%	+3.8%	—	$2.26B
QQQM Invesco NASDAQ 100 ETF	28	US stock market	$104.38B	0.15%	+8.8%	+12.6%	—	$929.6M
VYM Vanguard High Dividend Yield Index ETF	29	Dividend and income	$99.19B^†	0.04%	+19.3%	+11.6%	—	$177.6M
VT Vanguard Total World Stock ETF	30	International and global	$97.88B^†	0.06%	+12.3%	+9.8%	—	$469.4M
VXF Vanguard Extended Market ETF	31	US small and mid caps	$97.70B^†	0.05%	+10.0%	+4.6%	—	$100.2M
RSP Invesco S&P 500® Equal Weight ETF	32	Factor and smart beta	$96.47B	0.2%	+18.9%	+8.4%	+12.5%	$1.84B
VEU Vanguard FTSE All-World ex-US Index Fund	33	International and global	$95.84B^†	0.04%	+13.8%	+8.3%	—	$224.1M
ITOT iShares Core S&P Total U.S. Stock Market ETF	34	US stock market	$94.14B	0.03%	+11.4%	+10.7%	+14.9%	$219.5M
IWM iShares Russell 2000 ETF	35	US small and mid caps	$82.97B	0.19%	+14.5%	+4.8%	+10.6%	$6.81B
IWD iShares Russell 1000 Value ETF	36	US value	$79.74B	0.18%	+28.8%	+11.4%	+12.1%	$530.0M
EFA iShares MSCI EAFE ETF	37	International and global	$77.98B	0.32%	+13.5%	+8.4%	+9.3%	$1.54B
SMH VanEck Semiconductor ETF	38	Sector	$77.20B	0.35%	+40.5%	+30.2%	+32.4%	$1.31B
IVW iShares S&P 500 Growth ETF	39	US growth	$74.97B	0.18%	+7.0%	+11.2%	+17.4%	$277.5M
SCHX Schwab U.S. Large-Cap ETF	40	US stock market	$74.17B	0.03%	+10.9%	+11.2%	+15.4%	$393.7M
VV Vanguard Large Cap ETF	41	US stock market	$73.83B^†	0.03%	+11.5%	+11.5%	—	$79.8M
VNQ Vanguard Real Estate ETF	42	Real estate	$73.11B^†	0.13%	+9.3%	+0.7%	—	$421.1M
VCIT Vanguard Intermediate-Term Corporate Bond ETF	43	Bonds	$72.04B^†	0.03%	-0.5%	+0.8%	+2.6%	$195.2M
VTIP Vanguard Short-Term Inflation-Protected Secur…	44	Bonds	$71.01B^†	0.03%	+2.6%	+3.1%	+3.2%	$27.4M
BSV Vanguard Short-Term Bond ETF	45	Bonds	$69.75B^†	0.03%	+1.6%	+1.9%	+2.0%	$270.7M
SCHF Schwab International Equity ETF	46	International and global	$69.68B	0.03%	+17.7%	+9.4%	+10.0%	$275.7M
VBR Vanguard Small Cap Value ETF	47	US value	$67.80B^†	0.05%	+20.2%	+8.4%	—	$61.7M
SCHG Schwab U.S. Large-Cap Growth ETF	48	US growth	$63.03B	0.04%	+2.2%	+11.5%	+18.5%	$310.9M
IAU iShares Gold Trust	49	Gold and commodities	$60.11B	0.25%	-1.6%	+16.9%	+11.6%	$348.9M
IXUS iShares Core MSCI Total International Stock E…	50	International and global	$58.39B	0.07%	+13.8%	+8.0%	+9.3%	$84.1M

The largest fund of each kind

Up to three of the biggest funds in each category. The largest fund of a kind is often the cheapest and the easiest place to start comparing.

The biggest funds in 15 categories, up to three each.
The cheapest category leader is VTI (US stock market) at 0.03% a year.

Fund	Type	Net assets	Cost	Yield	5 yr	10 yr	2022 drop
VTI Vanguard Total Stock Market ETF	US stock market	$2.30T^†	0.03%	1.06%	+10.8%	—	-25.4%
VOO Vanguard S&P 500 ETF	US stock market	$1.67T^†	0.03%	1.07%	+11.9%	—	-24.5%
IVV iShares Core S&P 500 ETF	US stock market	$888.13B	0.03%	1.11%	+11.8%	+15.5%	-24.5%
VUG Vanguard Growth ETF	US growth	$379.29B^†	0.03%	0.87%	+10.8%	—	-34.5%
IWF iShares Russell 1000 Growth ETF	US growth	$128.90B	0.18%	0.63%	+9.9%	+17.5%	-31.9%
IVW iShares S&P 500 Growth ETF	US growth	$74.97B	0.18%	0.37%	+11.2%	+17.4%	-32.0%
VTV Vanguard Value ETF	US value	$254.48B^†	0.03%	1.83%	+12.3%	—	-14.0%
IWD iShares Russell 1000 Value ETF	US value	$79.74B	0.18%	1.36%	+11.4%	+12.1%	-17.6%
VBR Vanguard Small Cap Value ETF	US value	$67.80B^†	0.05%	1.82%	+8.4%	—	-17.2%
VO Vanguard Mid-Cap ETF	US small and mid caps	$224.06B^†	0.03%	2.35%	+6.9%	—	-25.0%
VB Vanguard Small Cap ETF	US small and mid caps	$188.70B^†	0.03%	1.26%	+5.9%	—	-22.9%
IJH iShares Core S&P Mid-Cap ETF	US small and mid caps	$124.33B	0.05%	1.23%	+6.9%	+11.3%	-20.0%
VIG Vanguard Dividend Appreciation ETF	Dividend and income	$130.90B^†	0.04%	1.47%	+10.4%	—	-19.8%
SCHD Schwab US Dividend Equity ETF	Dividend and income	$112.34B	0.06%	2.95%	+10.5%	+13.9%	-14.7%
VYM Vanguard High Dividend Yield Index ETF	Dividend and income	$99.19B^†	0.04%	2.25%	+11.6%	—	-12.8%
RSP Invesco S&P 500® Equal Weight ETF	Factor and smart beta	$96.47B	0.2%	1.45%	+8.4%	+12.5%	-20.3%
QUAL iShares MSCI USA Quality Factor ETF	Factor and smart beta	$46.53B	0.15%	0.21%	+10.6%	+14.7%	-27.3%
DYNF iShares U.S. Equity Factor Rotation Active ETF	Factor and smart beta	$38.61B	0.26%	0.84%	+12.9%	—	-26.2%
VGT Vanguard Information Technology ETF	Sector	$170.66B^†	0.09%	0.96%	+17.3%	—	-34.5%
XLK Technology Select Sector SPDR Fund	Sector	$123.91B	0.08%	0.47%	+2.8%	+15.6%	-33.1%
SMH VanEck Semiconductor ETF	Sector	$77.20B	0.35%	0.22%	+30.2%	+32.4%	-44.4%
ESGU iShares ESG Aware MSCI USA ETF	Screened and ESG	$18.15B	0.15%	0.94%	+10.6%	—	-26.1%
VXUS Vanguard Total International Stock ETF	International and global	$645.86B^†	0.05%	2.42%	+8.0%	+9.2%	-27.6%
VEA Vanguard FTSE Developed Markets ETF	International and global	$316.42B^†	0.03%	2.46%	+9.1%	—	-28.3%
IEFA iShares Core MSCI EAFE ETF	International and global	$190.11B	0.07%	3.4%	+8.2%	+9.4%	-28.8%
VWO Vanguard FTSE Emerging Markets ETF	Emerging markets	$162.04B^†	0.06%	2.65%	+5.0%	—	-25.9%
IEMG iShares Core MSCI Emerging Markets ETF	Emerging markets	$160.90B	0.09%	2.42%	+6.7%	+8.2%	-28.2%
EEM iShares MSCI Emerging Markets ETF	Emerging markets	$31.21B	0.72%	1.82%	+6.2%	+7.7%	-29.0%
BND Vanguard Total Bond Market ETF	Bonds	$397.11B^†	0.03%	4.12%	-0.3%	+1.4%	-14.5%
AGG iShares Core U.S. Aggregate Bond ETF	Bonds	$138.32B	0.03%	4.13%	-0.2%	+1.4%	-14.4%
BNDX Vanguard Total International Bond ETF	Bonds	$122.53B^†	0.07%	4.6%	+0.2%	+1.5%	-13.6%
SGOV iShares 0-3 Month Treasury Bond ETF	Treasury bonds	$105.98B	0.09%	3.65%	+3.8%	—	+0.8%
VGIT Vanguard Intermediate-Term Treasury ETF	Treasury bonds	$48.41B^†	0.03%	3.97%	+0.1%	+1.2%	-11.2%
BIL SPDR Bloomberg 1-3 Month T-Bill ETF	Treasury bonds	$47.08B	0.14%	3.65%	+3.7%	+2.3%	+0.6%
VNQ Vanguard Real Estate ETF	Real estate	$73.11B^†	0.13%	3.63%	+0.7%	—	-31.8%
GLD SPDR Gold Shares	Gold and commodities	$130.10B	0.4%	—	+16.7%	+11.3%	-7.3%
IAU iShares Gold Trust	Gold and commodities	$60.11B	0.25%	0%	+16.9%	+11.6%	-7.2%
SLV iShares Silver Trust	Gold and commodities	$28.21B	0.5%	0%	+15.9%	+10.1%	-16.9%
IBIT iShares Bitcoin Trust ETF	Crypto	$43.40B	0.25%	—	—	—	—
FBTC Fidelity Wise Origin Bitcoin Fund	Crypto	$10.31B	0.25%	—	—	—	—
GBTC Grayscale Bitcoin Trust ETF	Crypto	$8.14B	1.5%	—	—	—	—

Reading the size ranking

Vanguard counts its mutual fund too (†)

Most Vanguard ETFs are a share class of a fund that also sells mutual fund shares, and the SEC filing reports the whole fund. That makes Vanguard funds look larger than their ETF shares alone.

Bigger is not always cheaper

The oldest giants were built before today’s fee wars. Newer, smaller funds that track the same index sometimes charge less; compare the cost column within a category.

Trading volume matters to traders

A huge daily trading volume means tight buying and selling prices, which matters if you trade often or use options. For buy-and-hold investors in any large fund, it makes little difference.

Large funds rarely close

Fund closures are mostly small funds that never gathered assets. A closure isn’t a loss, since you get the fund’s value back, but it can mean an unplanned sale and a tax bill.

The right fund is the one that fits your plan

Popular funds are a fine starting point. ReadyAimRetire shows how your mix of funds, Social Security and spending plays out year by year in retirement.

Test my plan →

Questions investors ask

What is the largest ETF?

By the net assets in the latest SEC filings, VTI (Vanguard Total Stock Market ETF) is the largest, counting all of its share classes, including mutual fund shares, followed by VOO and IVV.

Why are Vanguard funds so large?

Vanguard ETFs are usually a share class of a fund that also has mutual fund shares, and filings report the whole fund. Vanguard is also one of the largest fund companies, and its index funds have been among the cheapest for decades.

Does fund size affect returns?

Not directly. Two funds tracking the same index earn nearly the same return whatever their size; the differences come from costs and how closely each tracks the index. Size matters more for trading costs and the risk of a fund closing.

Are the largest ETFs the safest?

Size doesn’t protect against market losses: the largest stock funds fell as much as the market in every crash. Large funds are less likely to close and cheaper to trade, but how risky a fund is depends on what it holds.

How we built this list

Which funds: the 160 largest ETFs in our fund database (leveraged and inverse funds left out), re-ranked by the net assets in each fund’s latest N-PORT report filed with the SEC. Gold and bitcoin trusts, which don’t file N-PORT reports, use the net assets in their latest 10-K or 10-Q.
Report dates: filings differ by fund; most are dated within a few months of Jun 30, 2026. † marks Vanguard funds, whose reports cover all share classes, including mutual fund shares.
Types: assigned from each fund’s name and category. A fund appears in the second table only under one type.
Returns and trading: total returns with distributions reinvested, to Nov 2, 2026; daily trading is the average of daily volume times price over the 30 trading days to Nov 2, 2026.

Figures computed Nov 3, 2026. For education only, not a recommendation to buy or sell any fund. Past results do not predict future results.

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