Whose funds made money
for investors1M

Find an issuer

Data as of Nov 4, 2026 · a scoreboard, not advice

1MSchwab’s funds made $1.9B for investors this past month.

02 / 04

The Standings

ETF Issuer Standings

Money made · 1M

#
1	Schwab	34	21 of 33	64%	+1.0%	$1.9B	$437M	1	$622B	$0.07
2	PIMCOAllianz	25	19 of 25	76%	+1.0%	$1.1B	$308M	2	$63.8B	$0.48
3	Pacer	74	20 of 74	27%	−1.0%	$652M	$234M	18	$43.9B	$0.53
4	VictorySharesVictory Capital	25	20 of 25	80%	+2.2%	$614M	$122M	2	$29.9B	$0.41
5	Akre Fund	1	1 of 1	100%	+11.7%	$527M	$49.2M	0	$5.0B	$0.98
6	Janus Henderson	19	10 of 19	53%	+0.0%	$326M	$113M	5	$48.1B	$0.23
7	Distillate	3	3 of 3	100%	+6.6%	$161M	$9.7M	0	$2.4B	$0.40
8	ALPS	26	14 of 26	54%	+1.7%	$161M	$178M	1	$23.1B	$0.77
9	PGIMPrudential	70	21 of 70	30%	−0.3%	$160M	$89.8M	9	$42.5B	$0.21
10	Bahl & Gaynor	4	4 of 4	100%	+3.1%	$155M	$24.1M	0	$4.8B	$0.50
11	Eagle	1	1 of 1	100%	+2.9%	$136M	$39.4M	0	$4.9B	$0.81
12	USCF	16	6 of 16	38%	−2.7%	$135M	$52.7M	0	$5.5B	$0.95
	All US ETFs	5,803	2,460 of 5,754	43%	−0.8%	−$435B	$29.5B	1,120	$16.40T	$0.18

End-of-day Nov 4, 2026 · top 12 of 506 · white tick = all ETFs 43%

The League

Money Made by ETF Issuers

−$435Bmade by all US ETFs · an estimate

#IssuerMade

1Schwab$1.9B

2PIMCO$1.1B

3Pacer$652M

4VictoryShares$614M

5Akre Fund$527M

6Janus Henderson$326M

7Distillate$161M

8ALPS$161M

9PGIM$160M

10Bahl & Gaynor$155M

End-of-day Nov 4, 2026

AUM by ETF Issuer

Today

$16.40TAUM in all US ETFs · % is each issuer’s share

#IssuerAUM

1iShares28.3%$4.63T

2Vanguard28.0%$4.59T

3SPDR13.0%$2.13T

4Invesco5.9%$965B

5Schwab3.8%$622B

6Dimensional3.0%$500B

7J.P. Morgan2.2%$355B

8First Trust1.8%$289B

9Fidelity1.2%$189B

10Capital Group1.0%$164B

End-of-day Nov 4, 2026

Fees Earned by ETF Issuers

$29.5Bearned by all issuers in a year · % of it

#IssuerEarned

1iShares25.4%$7.5B

2SPDR8.6%$2.5B

3Invesco7.5%$2.2B

4Vanguard6.4%$1.9B

5First Trust5.9%$1.7B

6Dimensional3.9%$1.2B

7J.P. Morgan3.5%$1.0B

8ProShares2.9%$848M

9VanEck2.5%$751M

10Capital Group2.1%$616M

End-of-day Nov 4, 2026

ETF Issuer Win %

43%of all US ETFs made money · 2,460 of 5,754

#Issuer · 10+ fundsWin %

1F/m20 of 20100%

2DoubleLine10 of 10100%

3BondBloxx19 of 2095%

4GMO8 of 989%

5Stone Ridge10 of 1283%

6VictoryShares20 of 2580%

7Nuveen22 of 2879%

8BNY Mellon17 of 2277%

9PIMCO19 of 2576%

10FlexShares35 of 4873%

End-of-day Nov 4, 2026

Lowest-Fee ETF Issuers

Today

$0.18per $100 a year, all US ETFs · the tick

#Issuer · 10+ fundsFee

1Vanguard$4.59T$0.04

2Schwab$622B$0.07

3SPDR$2.13T$0.12

4BondBloxx$8.8B$0.14

5F/m$10.5B$0.16

6iShares$4.63T$0.16

7ADR hedged$23.8M$0.19

8Goldman Sachs$69.2B$0.21

$0$0.25

End-of-day Nov 4, 2026

All ETF Launches

2026

1,120new US ETFs in 2026

#IssuerNew

1Corgi Funds207 funds206

2LeverageShares117 funds64

3Tradr83 funds47

4Defiance93 funds43

5First Trust333 funds32

6GraniteShares92 funds28

7Direxion135 funds22

8Rexshares63 funds22

End-of-day Nov 4, 2026

Head to Head

Pick any two

Vanguard vs iShares

116 funds · $4.59TVanguardvsiSharesBlackRock · 482 funds · $4.63T

Money made

−$89.1B

−$117B

Vanguard wins+27478963994.1 pts

Assets

$4.59T

$4.63T

iShares1.0× more

Fees earned

$1.9B

$7.5B

iShares4.0× more

Launches 2026

iShares1.6× more

Win %

72%

54%

Vanguard wins+17.7 pts

Typical fund return

+1.7%

+0.3%

Vanguard wins+1.4 pts

Fee per $100

$0.04

$0.16

Vanguard wins4× cheaper

Vanguard4Wins0iShares

End-of-day Nov 4, 2026 · money made is an estimate · dots mark the 4 scored measures

Schwab vs Vanguard

34 fundsSchwabvsVanguard116 funds

Money made

$1.9B

−$89.1B

Schwab

AUM

$622B

$4.59T

Vanguard 7.4×

Fees earned

$437M

$1.9B

Vanguard 4.3×

Funds

116

Vanguard +82

AlsoSchw.Vang.

Win %64%72%

Typical fund+1.0%+1.7%

Fee per $100$0.07$0.04

Launches113

Wins13

End-of-day Nov 4, 2026 · money made is an estimate

SPDR vs Invesco

SPDRState Street · 187 funds

Invesco247 funds

−$40.2BMoney made−$60.5B

$2.13TAssets$965B

67%Win %65%

+0.8%Typical return+1.1%

$0.12Fee per $100$0.23

$2.5BFees earned$2.2B

16Launches 202615

3Wins1

3–1SPDR wins

End-of-day Nov 4, 2026

Avantis vs Dimensional

Avantis

American Century · 33 funds

−1.6%

typical return

Dimensional

46 funds

+0.2%

typical return

34%Win %53%

11 of 32Made money24 of 45

−$4.1BMoney made−$2.0B

$156BAssets$500B

$0.25Fee per $100$0.23

$386MFees earned$1.2B

0Wins4

End-of-day Nov 4, 2026 · money made is an estimate

Direxion vs ProShares

Win % · 1M

Direxion

135 funds

48%

win %

64 of 134 made money

Typical return

−2.3%

Money made

−$22.1B

Fee per $100

$0.96

Assets

$62.1B

Launches 2026

Wins

ProShares

172 funds

44%

win %

76 of 172 made money

Typical return

−0.8%

Money made

−$16.8B

Fee per $100

$0.73

Assets

$116B

Launches 2026

Wins

End-of-day Nov 4, 2026 · money made is an estimate

Vanguard vs All ETFs

Vanguard

116 funds

72%

win % · 83 of 116

All ETFs

5,803 funds

43%

win % · 2,460 of 5,754

Typical return+1.7%−0.8%

Fee per $100$0.04$0.18

Vanguard’s slice

Assets28.0% · $4.59T of $16.40T

Money made[…] · −$89.1B of −$435B

Funds2.0% · 116 of 5,803

End-of-day Nov 4, 2026 · money made is an estimate

Closer In

ETF Issuer Launches vs Record

2026

464 of 1,1202026 launches came from these eight issuers · 41%

#IssuerFundsLaunches 2026Win %Money made

1Corgi Funds207206new—

2LeverageShares1176423%−$493M

3Tradr834715%−$667M

4Defiance934335%−$411M

5First Trust3333288%$31.9B

6GraniteShares922823%−$1.3B

7Direxion1352241%−$1.6B

8Rexshares632213%−$1.6B

End-of-day Nov 4, 2026 · win % and money made over the past year · “new” = no fund a year old

Corgi Funds

2026

206launches · 18.4% of all 2026 launches

New in 2026 · 206Older · 1

AUM: $632M
Fees earned: $1.9M
Fee per $100: $0.31
Win %: 22%

End-of-day Nov 4, 2026

ETF Issuer Fee Ladder

Today

$18a year on $10,000, all US ETFs · the tick

12 largest$0$0.35$0.70$100$10K

Vanguard$0.04$4

Schwab$0.07$7

SPDR$0.12$12

iShares$0.16$16

Invesco$0.23$23

Dimensional$0.23$23

Fidelity$0.23$23

Avantis$0.25$25

J.P. Morgan$0.29$29

Capital Group$0.38$38

VanEck$0.48$48

First Trust$0.60$60

End-of-day Nov 4, 2026

Money Lost by ETF Issuers

−$443Blost by issuers whose funds lost money

#IssuerLost

1iShares−$117B

2Vanguard−$89.1B

3Invesco−$60.5B

4SPDR−$40.2B

5Direxion−$22.1B

6VanEck−$19.6B

7ProShares−$16.8B

8Roundhill−$7.1B

9Fidelity−$5.9B

10Global X−$5.2B

End-of-day Nov 4, 2026 · an estimate · the 10 largest losses

Where ETF Issuer Fees Go

$29.5Ball ETF issuer fees in a year, split by issuer

End-of-day Nov 4, 2026

Whose funds made moneyfor investors1M

The Standings

The League

Head to Head

Closer In

Whose funds made money
for investors1M