Whose funds made money
for investors3Y

Find an issuer

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

3YVanguard’s funds made $1.90T for investors over the past 3 years.

02 / 04

The Standings

ETF Issuer Standings

Money made · 3Y

#
1	Vanguard	116	82 of 82	100%	+72.0%	$1.90T	$1.9B	13	$4.59T	$0.04
2	iSharesBlackRock	482	377 of 383	98%	+61.3%	$1.74T	$7.5B	21	$4.63T	$0.16
3	SPDRState Street	187	132 of 132	100%	+63.8%	$923B	$2.5B	16	$2.13T	$0.12
4	Invesco	247	197 of 199	99%	+56.4%	$441B	$2.2B	15	$965B	$0.23
5	Schwab	34	29 of 29	100%	+76.6%	$255B	$437M	1	$622B	$0.07
6	Dimensional	46	34 of 34	100%	+77.7%	$195B	$1.2B	1	$500B	$0.23
7	First Trust	333	217 of 217	100%	+54.5%	$109B	$1.7B	32	$289B	$0.60
8	J.P. Morgan	80	53 of 53	100%	+61.7%	$108B	$1.0B	5	$355B	$0.29
9	VanEck	91	56 of 59	95%	+44.3%	$83.5B	$751M	19	$156B	$0.48
10	AvantisAmerican Century	33	24 of 24	100%	+84.4%	$69.9B	$386M	3	$156B	$0.25
11	Capital Group	25	14 of 14	100%	+60.8%	$56.5B	$616M	0	$164B	$0.38
12	ProShares	172	85 of 138	62%	+29.5%	$48.0B	$848M	12	$116B	$0.73
	All US ETFs	5,803	2,675 of 2,827	95%	+57.5%	$6.38T	$29.5B	1,120	$16.40T	$0.18

End-of-day Nov 4, 2026 · top 12 of 506 · white tick = all ETFs 95%

The League

Money Made by ETF Issuers

$6.38Tmade by all US ETFs · an estimate

#IssuerMade

1Vanguard$1.90T

2iShares$1.74T

3SPDR$923B

4Invesco$441B

5Schwab$255B

6Dimensional$195B

7First Trust$109B

8J.P. Morgan$108B

9VanEck$83.5B

10Avantis$69.9B

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 %

95%of all US ETFs made money · 2,675 of 2,827

#Issuer · 10+ fundsWin %

1First Trust217 of 217100%

2SPDR132 of 132100%

3Innovator88 of 88100%

4Vanguard82 of 82100%

5WisdomTree71 of 71100%

6Franklin Templeton55 of 55100%

7J.P. Morgan53 of 53100%

8Fidelity53 of 53100%

9Pacer43 of 43100%

10Dimensional34 of 34100%

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

$1.90T

$1.74T

Vanguard wins1.1×

Assets

$4.59T

$4.63T

iShares1.0× more

Fees earned

$1.9B

$7.5B

iShares4.0× more

Launches 2026

iShares1.6× more

Win %

100%

98%

Vanguard wins+1.6 pts

Typical fund return

+72.0%

+61.3%

Vanguard wins+10.8 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

$255B

$1.90T

Vanguard 7.5×

AUM

$622B

$4.59T

Vanguard 7.4×

Fees earned

$437M

$1.9B

Vanguard 4.3×

Funds

116

Vanguard +82

AlsoSchw.Vang.

Win %100%100%

Typical fund+76.6%+72.0%

Fee per $100$0.07$0.04

Launches113

Wins12

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

SPDR vs Invesco

SPDRState Street · 187 funds

Invesco247 funds

$923BMoney made$441B

$2.13TAssets$965B

100%Win %99%

+63.8%Typical return+56.4%

$0.12Fee per $100$0.23

$2.5BFees earned$2.2B

16Launches 202615

4Wins0

4–0SPDR wins

End-of-day Nov 4, 2026

Avantis vs Dimensional

Avantis

American Century · 33 funds

+84.4%

typical return

Dimensional

46 funds

+77.7%

typical return

100%Win %100%

24 of 24Made money34 of 34

$69.9BMoney made$195B

$156BAssets$500B

$0.25Fee per $100$0.23

$386MFees earned$1.2B

1Wins2

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

Direxion vs ProShares

Win % · 3Y

Direxion

135 funds

62%

win %

44 of 71 made money

Typical return

+42.3%

Money made

$22.6B

Fee per $100

$0.96

Assets

$62.1B

Launches 2026

Wins

ProShares

172 funds

62%

win %

85 of 138 made money

Typical return

+29.5%

Money made

$48.0B

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

100%

win % · 82 of 82

All ETFs

5,803 funds

95%

win % · 2,675 of 2,827

Typical return+72.0%+57.5%

Fee per $100$0.04$0.18

Vanguard’s slice

Assets28.0% · $4.59T of $16.40T

Money made29.8% · $1.90T of $6.38T

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 %: —

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

−$441Mlost by issuers whose funds lost money

#IssuerLost

1Tradr−$151M

2AGF−$143M

3Teucrium−$143M

4Max−$3.6M

5Core Alternative−$470K

End-of-day Nov 4, 2026 · an estimate · the 5 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 investors3Y

The Standings

The League

Head to Head

Closer In

Whose funds made money
for investors3Y