|  State Street SPDR Nuveen ICE Short Term Municipal Bond ETFSHM | $48.31 | -0.02 | -0.04% | $3.51B | Investment grade | Vanilla |
|  Schwab Municipal Bond ETFSCMB | $25.95 | 0.00 | +0.02% | $3.51B | Investment grade | Vanilla |
|  Vanguard S&P Small-Cap 600 ETFVIOO | $121.84 | 3.25 | +2.74% | $3.46B | Small cap | Vanilla |
|  JPMorgan Limited Duration Bond ETFJPLD | $52.55 | -0.02 | -0.03% | $3.45B | Investment grade | Active |
|  iShares Core U.S. REIT ETFUSRT | $60.43 | 0.98 | +1.65% | $3.44B | Real estate | Vanilla |
| iShares U.S. Small Cap Equity Factor ETFSMLF | $79.50 | 2.44 | +3.17% | $3.35B | Small cap | Multi-factor |
|  Invesco BulletShares 2028 Corporate Bond ETFBSCS | $20.63 | 0.00 | +0.02% | $3.34B | Investment grade | Bullet maturity |
|  Direxion Daily 20+ Year Treasury Bull 3X Shares (based on the NYSE 20 Year Plus Treasury Bond Index; symbol AXTWEN)TMF | $37.66 | 0.05 | +0.12% | $3.32B | Investment grade | Vanilla |
|  Pacer Trendpilot US Large Cap ETFPTLC | $56.28 | 1.15 | +2.08% | $3.32B | Large cap | Volatility hedged |
|  GMO U.S. Quality ETFQLTY | $39.02 | 0.60 | +1.57% | $3.31B | Total market | Active |
| iShares U.S. Healthcare ETFIYH | $65.86 | 1.21 | +1.86% | $3.28B | Health care | Vanilla |
| Vanguard S&P Mid-Cap 400 ETFIVOO | $121.51 | 3.69 | +3.13% | $3.25B | Mid cap | Vanilla |
| iShares Morningstar Mid-Cap Growth ETFIMCG | $82.75 | 2.58 | +3.21% | $3.22B | Mid cap | Growth |
| Invesco S&P 500 High Dividend Low Volatility ETFSPHD | $51.54 | 0.43 | +0.85% | $3.19B | Large cap | Multi-factor |
| JPMorgan U.S. Tech Leaders ETFJTEK | $83.51 | 3.19 | +3.97% | $3.19B | Theme | Active |
|  Global X S&P 500 Covered Call ETFXYLD | $40.80 | 0.63 | +1.55% | $3.17B | Large cap | Buy-write |
| iShares U.S. Equity Factor ETFLRGF | $69.72 | 1.65 | +2.42% | $3.16B | Total market | Multi-factor |
|  VanEck Fallen Angel High Yield Bond ETFANGL | $29.50 | 0.07 | +0.26% | $3.12B | High yield | Fundamental |
|  Principal Exchange-Traded Funds Principal U.S. Mega-Cap ETFUSMC | $67.88 | 1.29 | +1.93% | $3.11B | Large cap | Active |
| Vanguard Materials ETFVAW | $234.69 | 5.20 | +2.27% | $3.06B | Materials | Vanilla |
| iShares U.S. Home Construction ETFITB | $109.24 | 1.02 | +0.94% | $3.05B | Theme | Vanilla |
| State Street SPDR Nuveen ICE Municipal Bond ETFTFI | $46.07 | 0.02 | +0.03% | $3.03B | Investment grade | Vanilla |
|  Goldman Sachs ETF Trust Goldman Sachs S&P 500 Premium Income ETFGPIX | $52.81 | 0.96 | +1.85% | $3.01B | Large cap | Active |
| State Street SPDR Nuveen ICE High Yield Municipal Bond ETFHYMB | $25.10 | -0.02 | -0.10% | $3.00B | High yield | Vanilla |
| Goldman Sachs MarketBeta U.S. Equity ETFGSUS | $95.18 | 1.93 | +2.06% | $3.00B | Total market | Vanilla |
| Goldman Sachs ETF Trust Goldman Sachs Nasdaq-100 Premium Income ETFGPIQ | $51.95 | 1.07 | +2.10% | $2.95B | Large cap | Active |
| Global X MLP & Energy Infrastructure ETFMLPX | $66.99 | 0.43 | +0.65% | $2.92B | Energy | Vanilla |
| iShares iBonds Dec 2030 Term Corporate ETFIBDV | $22.10 | 0.00 | 0.00% | $2.89B | Investment grade | Bullet maturity |
| iShares Morningstar Growth ETFILCG | $102.13 | 2.68 | +2.69% | $2.89B | Total market | Growth |
|  Fidelity MSCI Health Care Index ETFFHLC | $75.19 | 1.40 | +1.90% | $2.86B | Health care | Vanilla |
|  Franklin U.S. Core Bond ETFFLCB | $21.67 | 0.00 | 0.00% | $2.86B | Investment grade | Active |
|  FT Vest Rising Dividend Achievers Target Income ETFRDVI | $27.45 | 0.57 | +2.14% | $2.85B | Total market | Active |
|  First Trust NASDAQ-100 Technology Index FundQTEC | $228.18 | 8.36 | +3.80% | $2.84B | Information technology | Exchange-specific |
|  Xtrackers MSCI USA Climate Action Equity ETFUSCA | $41.37 | 0.79 | +1.95% | $2.78B | Theme | ESG |
| iShares 10+ Year Investment Grade Corporate Bond ETFIGLB | $50.72 | 0.03 | +0.07% | $2.78B | Investment grade | Vanilla |
|  Main Sector Rotation ETFSECT | $64.38 | 1.28 | +2.03% | $2.78B | Large cap | Active |
| iShares Dow Jones U.S. ETFIYY | $168.06 | 3.55 | +2.16% | $2.77B | Total market | Vanilla |
| Invesco BulletShares 2029 Corporate Bond ETFBSCT | $18.87 | -0.02 | -0.08% | $2.77B | Investment grade | Bullet maturity |
| State Street SPDR Bloomberg Investment Grade Floating Rate ETFFLRN | $30.78 | 0.01 | +0.05% | $2.75B | Investment grade | Vanilla |
| Invesco Exchange-Traded Fund Trust Invesco RAFI US 1500 Small-Mid ETFPRFZ | $48.82 | 1.61 | +3.40% | $2.75B | Extended market | Fundamental |
| Fidelity Enhanced Large Cap Value ETFFELV | $36.63 | 0.60 | +1.66% | $2.71B | Large cap | Active |
|  PIMCO Intermediate Municipal Bond Active Exchange-Traded FundMUNI | $52.91 | 0.03 | +0.05% | $2.66B | Investment grade | Active |
|  Victory Portfolios II VictoryShares Core Intermediate Bond ETFUITB | $47.54 | 0.01 | +0.01% | $2.65B | Investment grade | Active |
|  Capital Group Municipal High-Income ETFCGHM | $25.66 | -0.02 | -0.08% | $2.64B | Broad credit | Active |
|  Nuveen Growth Opportunities ETFNUGO | $38.22 | 0.93 | +2.49% | $2.63B | Large cap | Active |
| State Street SPDR S&P 400 Mid Cap Value ETFMDYV | $92.53 | 2.35 | +2.60% | $2.62B | Mid cap | Value |
|  Dimensional US Core Equity 1 ETFDCOR | $76.48 | 1.69 | +2.26% | $2.61B | Total market | Active |
| State Street SPDR S&P 400 Mid Cap Growth ETFMDYG | $99.80 | 3.48 | +3.61% | $2.58B | Mid cap | Growth |
| VanEck IG Floating Rate ETFFLTR | $25.53 | 0.02 | +0.06% | $2.56B | Investment grade | Vanilla |
|  WisdomTree U.S. Value FundWTV | $100.36 | 1.69 | +1.71% | $2.52B | Total market | Active |
|  FlexShares iBoxx 3-Year Target Duration TIPS Index FundTDTT | $24.17 | 0.00 | +0.02% | $2.52B | Investment grade | Target duration |
| First Trust Cloud Computing ETFSKYY | $112.67 | 4.75 | +4.40% | $2.49B | Information technology | Equal |
| Fidelity MSCI Financials Index ETFFNCL | $77.48 | 1.46 | +1.93% | $2.45B | Financials | Vanilla |
| Invesco S&P 500 GARP ETFSPGP | $117.45 | 3.14 | +2.74% | $2.44B | Large cap | Fundamental |
| Direxion Daily Financial Bull 3x SharesFAS | $160.34 | 8.45 | +5.55% | $2.44B | Financials | Vanilla |
|  TrueShares Structured Outcome (November) ETFNOVZ | $44.34 | 0.72 | +1.66% | $2.43B | Large cap | Buy-write |
| Invesco Variable Rate Preferred ETFVRP | $24.47 | 0.04 | +0.14% | $2.41B | Broad credit | Vanilla |
| First Trust NYSE Arca Biotechnology Index FundFBT | $212.57 | 4.90 | +2.35% | $2.40B | Health care | Equal |
| Invesco BulletShares 2030 Corporate Bond ETFBSCU | $16.94 | 0.00 | -0.01% | $2.40B | Investment grade | Bullet maturity |
| JPMorgan Small & Mid Cap Enhanced Equity ETFJMEE | $70.32 | 2.02 | +2.96% | $2.38B | Extended market | Active |
|  Avantis U.S. Small Cap Equity ETFAVSC | $65.27 | 1.89 | +2.99% | $2.38B | Small cap | Active |
| Pacer US Large Cap Cash Cows Growth Leaders ETFCOWG | $35.17 | 1.24 | +3.64% | $2.38B | Large cap | Growth |
| State Street SPDR S&P 500 Fossil Fuel Reserves Free ETFSPYX | $56.64 | 1.13 | +2.04% | $2.38B | Large cap | Vanilla |
| Xtrackers S&P 500 Scored & Screened ETFSNPE | $63.83 | 1.35 | +2.16% | $2.37B | Large cap | ESG |
| iShares 0-5 Year Investment Grade Corporate Bond ETFSLQD | $50.77 | -0.01 | -0.03% | $2.36B | Investment grade | Vanilla |
| Invesco S&P SmallCap Momentum ETFXSMO | $80.39 | 2.59 | +3.34% | $2.34B | Small cap | Momentum |
| iShares iBonds Dec 2026 Term Treasury ETFIBTG | $22.89 | 0.01 | +0.04% | $2.34B | Investment grade | Bullet maturity |
| iShares ESG Aware MSCI USA Small-Cap ETFESML | $50.00 | 1.58 | +3.25% | $2.33B | Small cap | ESG |
| iShares Russell 2500 ETFSMMD | $80.99 | 2.77 | +3.53% | $2.32B | Extended market | Vanilla |
| State Street SPDR S&P Oil & Gas Exploration & Production ETFXOP | $146.41 | 4.92 | +3.48% | $2.30B | Energy | Equal |
| Schwab High Yield Bond ETFSCYB | $26.46 | 0.07 | +0.25% | $2.28B | High yield | Vanilla |
|  ActivePassive U.S. Equity ETFAPUE | $42.53 | 0.88 | +2.12% | $2.26B | Total market | Active |
| iShares Trust iShares Paris-Aligned Climate Optimized MSCI USA ETFPABU | $70.04 | 1.38 | +2.01% | $2.25B | Theme | ESG |
| Invesco S&P 100 Equal Weight ETFEQWL | $122.74 | 2.13 | +1.76% | $2.25B | Large cap | Equal |
| Global X U.S. Preferred ETFPFFD | $19.27 | 0.13 | +0.71% | $2.24B | Broad credit | Vanilla |
| Nuveen ESG Large-Cap Growth ETFNULG | $96.03 | 3.58 | +3.87% | $2.24B | Large cap | Growth |
|  ProShares UltraPro Short QQQSQQQ | $69.99 | -4.78 | -6.41% | $2.23B | Large cap | Exchange-specific |
| Fidelity MSCI Utilities Index ETFFUTY | $56.14 | 0.37 | +0.65% | $2.23B | Utilities | Vanilla |
| Invesco Short Term Treasury ETFTBLL | $105.69 | 0.03 | +0.03% | $2.23B | Investment grade | Vanilla |
|  BNY Mellon Core Bond ETFBKAG | $42.48 | 0.03 | +0.07% | $2.22B | Investment grade | Vanilla |
| iShares iBonds Dec 2031 Term Corporate ETFIBDW | $21.17 | 0.00 | +0.02% | $2.22B | Investment grade | Bullet maturity |
|  Aptus Collared Investment Opportunity ETFACIO | $43.73 | 0.44 | +1.01% | $2.21B | Large cap | Active |
| VanEck Intermediate Muni ETFITM | $47.55 | 0.02 | +0.03% | $2.20B | Investment grade | Vanilla |
| First Trust Financials AlphaDEX FundFXO | $62.21 | 0.98 | +1.60% | $2.20B | Financials | Multi-factor |
| Invesco Water Resources ETFPHO | $74.22 | 1.43 | +1.96% | $2.20B | Theme | Vanilla |
| Global X 1-3 Month T-Bill ETFCLIP | $100.17 | 0.03 | +0.02% | $2.19B | Investment grade | Vanilla |
|  T. Rowe Price U.S. Equity Research ETFTSPA | $43.46 | 0.91 | +2.13% | $2.19B | Total market | Active |
|  Virtus InfraCap U.S. Preferred Stock ETFPFFA | $21.72 | 0.18 | +0.82% | $2.18B | Broad credit | Active |
| iShares Climate Conscious & Transition MSCI USA ETFUSCL | $78.61 | 1.27 | +1.65% | $2.18B | Theme | ESG |
| Goldman Sachs MarketBeta U.S. 1000 Equity ETFGUSA | $59.95 | 1.06 | +1.80% | $2.17B | Large cap | Vanilla |
|  American Century U.S. Quality Growth ETFQGRO | $109.60 | 2.79 | +2.61% | $2.15B | Total market | Growth |
| VanEck Preferred Securities ex Financials ETFPFXF | $18.25 | 0.21 | +1.19% | $2.14B | Broad credit | Vanilla |
| iShares U.S. Industrials ETFIYJ | $160.21 | 4.15 | +2.65% | $2.14B | Industrials | Vanilla |
| WisdomTree U.S. Quality Growth FundQGRW | $57.14 | 1.46 | +2.63% | $2.13B | Large cap | Growth |
| Fidelity Small-Mid Multifactor ETFFSMD | $47.51 | 1.09 | +2.37% | $2.12B | Extended market | Multi-factor |
|  EA Bridgeway Omni Small-Cap Value ETFBSVO | $26.52 | 0.75 | +2.89% | $2.11B | Small cap | Active |
| iShares U.S. Financial Services ETFIYG | $91.98 | 1.98 | +2.20% | $2.10B | Financials | Vanilla |
|  Innovator Defined Wealth Shield ETFBALT | $33.73 | 0.13 | +0.40% | $2.09B | Large cap | Buy-write |
| FlexShares Quality Dividend Index FundQDF | $83.58 | 2.00 | +2.45% | $2.09B | Total market | Multi-factor |
| iShares Russell Top 200 ETFIWL | $171.08 | 3.25 | +1.93% | $2.08B | Large cap | Vanilla |
