As the stock market skyrocketed in November due to favorite coronavirus vaccine news and the presidential election, the ETFs with the most assets saw the highest average daily trading volumes.
The SPDR S&P 500 ETF (SPY), with $324.7 billion in net assets, saw its one-month average daily volume hit $79.41 million, even as its one-year net outflows reached $5.82 billion. Invesco's QQQ ETF, however, which tracks the Nasdaq compared to SPY's S&P 500, has seen one-year net flows of $18.72 billion, boosting its net assets to $144.53 billion. Its daily trading volume over the past 30 days was nearly half that of SPY, at $39.14 billion.
Data as of 11/30/2020.
Aniket Ullal is VP, ETF Data and Analytics for CFRA, one of the world’s largest providers of independent investment research. Aniket founded First Bridge Data, a leading source for global ETF data and analytics that was acquired by CFRA in August 2019.
Prior to starting First Bridge, he had product management responsibility for S&P’s US indices, including the widely followed S&P 500 and S&P/Case-Shiller indices. These indices have over $1Trillion in ETF assets tracking them.
Aniket is the author of 'ETF Investment Strategies' (McGraw-Hill; 2013). He is a graduate of Northwestern's Kellogg School of Management and the Indian Institute of Management in Ahmedabad.