Last month, Jim Wiandt at Index Universe put together a table for exchange traded fund (ETF) data nerds. It was such a hit, he’s got more for you.
He put all 664 ETFs on a spreadsheet, multiplied the assets for each ETF by its expense ratio, then divided that number by the total assets under management for all ETFs, getting the average dollar-weighted expense ratio for the entire U.S.-listed ETF universe: 0.354995%.
From there, he calculated that the total revenues in the ETF business are $1.994 billion (calculated using 603 funds, after he eliminated the HOLDRs and funds that didn’t have their expense ratios).
Broken down by revenue per fund, the top five are:
- iShares MSCI Emerging Markets (EEM), $192.6 million
- iShares MSCI EAFE (EFA), $164 million
- streetTRACKS Gold Shares (GLD), $79.9 million
- SPDRs (SPY), $66.5 million
- iShares MSCI Brazil (EWZ), $55.7 million
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.