## [ETF Glossary](/etf-education-center/etf-glossary) # ETF Glossary ETF Dictionary - ### [ A-D](#dictionary-A-D) - ### [ E-H](#dictionary-E-H) - ### [ I-L](#dictionary-I-L) - ### [ M-P](#dictionary-M-P) - ### [ Q-T](#dictionary-Q-T) - ### [ U-X](#dictionary-U-X) - ### [ Y-Z](#dictionary-Y-Z) ### A-D ## [Active Management Definition](/sections/active-management-definition) ## [Alpha Definition](/sections/alpha-definition) ## [Arbitrage Opportunity Definition](/sections/arbitrage-opportunity-definition) ## [Asset Allocation Definition](/sections/asset-allocation-definition) ## [Assets Under Management (AUM) Definition](/sections/assets-under-management-aum-definition) ## [Authorized Participant Definition](/sections/authorized-participant-definition) ## [Average Daily Volume (ADV) Definition](/sections/average-daily-volume-adv-definition) ## [Backwardation Definition](/sections/backwardation-definition) ## [Balanced ETF Definition](/sections/balanced-etf-definition) ## [Basis Point Definition](/sections/basis-point-definition) ## [Benchmark Definition](/sections/benchmark-definition) ## [Beta Definition](/sections/beta-definition) ## [Bid/Ask Spread Definition](/sections/bidask-spread-definition-0) ## [Blend Fund Definition](/sections/blend-fund-definition) ## [Cash Balancing Amount Definition](/sections/cash-balancing-amount-definition) ## [Closed-End Fund Definition](/sections/closed-end-fund-definition) ## [Commission Definition](/sections/commission-definition) ## [Commodity Pool Definition](/sections/commodity-pool-definition) ## [Contango Definition](/sections/contango-definition) ## [Corporate Bond Definition](/sections/corporate-bond-definition) ## [Correction Definition](/sections/correction-definition) ## [Counterparty Risk Definition](/sections/counterparty-risk-definition) ## [Creation and Redemption Mechanism Definition](/sections/creation-and-redemption-mechanism-definition) ## [Credit Quality Definition](/sections/credit-quality-definition) ## [Custodian Definition](/sections/custodian-definition) ## [Custom Basket Definition](/sections/custom-basket-definition) ## [Derivatives-Based ETF Definition](/sections/derivatives-based-etf-definition) ## [Direct Indexing Definition](/sections/direct-indexing-definition) ## [Diversification Definition](/sections/diversification-definition) Active Management Definition Learn the definition of active management and other ETF terminology from the etf.com glossary. [Read More](/sections/active-management-definition) Alpha Definition Learn the definition of alpha and other ETF terminology from the etf.com glossary. [Read More](/sections/alpha-definition) Arbitrage Opportunity Definition Learn the definition of asset allocation and other ETF terminology from the etf.com glossary. [Read More](/sections/arbitrage-opportunity-definition) Asset Allocation Definition Learn the definition of asset allocation and other ETF terminology from the etf.com glossary. [Read More](/sections/asset-allocation-definition) Assets Under Management (AUM) Definition Learn the definition of assets under management (AUM) and other ETF terminology from the etf.com glossary. [Read More](/sections/assets-under-management-aum-definition) Authorized Participant Definition Learn the definition of authorized participant and other ETF terminology from the etf.com glossary. [Read More](/sections/authorized-participant-definition) Average Daily Volume (ADV) Definition Learn the definition of average daily volume (ADV) and other ETF terminology from the etf.com glossary. [Read More](/sections/average-daily-volume-adv-definition) Backwardation Definition Learn the definition of backwardation and other ETF terminology from the etf.com glossary. [Read More](/sections/backwardation-definition) Balanced ETF Definition Learn the definition of balanced etf and other ETF terminology from the etf.com glossary. [Read More](/sections/balanced-etf-definition) Basis Point Definition Learn the definition of basis point and other ETF terminology from the etf.com glossary. [Read More](/sections/basis-point-definition) Benchmark Definition Learn the definition of benchmark and other ETF terminology from the etf.com glossary. [Read More](/sections/benchmark-definition) Beta Definition Learn the definition of beta and other ETF terminology from the etf.com glossary. [Read More](/sections/beta-definition) Bid/Ask Spread Definition Learn the definition of bid/ask spread and other ETF terminology from the etf.com glossary. [Read More](/sections/bidask-spread-definition-0) Blend Fund Definition Learn the definition of blend fund and other ETF terminology from the etf.com glossary. [Read More](/sections/blend-fund-definition) Cash Balancing Amount Definition Learn the definition of cash balancing amount and other ETF terminology from the etf.com glossary. [Read More](/sections/cash-balancing-amount-definition) Closed-End Fund Definition Learn the definition of closed-end fund and other ETF terminology from the etf.com glossary. [Read More](/sections/closed-end-fund-definition) Commission Definition Learn the definition of commission and other ETF terminology from the etf.com glossary. [Read More](/sections/commission-definition) Commodity Pool Definition Learn the definition of commodity pool and other ETF terminology from the etf.com glossary. [Read More](/sections/commodity-pool-definition) Contango Definition Learn the definition of contango and other ETF terminology from the etf.com glossary. [Read More](/sections/contango-definition) Corporate Bond Definition Learn the definition of corporate bond and other ETF terminology from the etf.com glossary. [Read More](/sections/corporate-bond-definition) Correction Definition Learn the definition of correction and other ETF terminology from the etf.com glossary. [Read More](/sections/correction-definition) Counterparty Risk Definition Learn the definition of counterparty risk and other ETF terminology from the etf.com glossary. [Read More](/sections/counterparty-risk-definition) Creation and Redemption Mechanism Definition Learn the definition of contango and other ETF terminology from the etf.com glossary. [Read More](/sections/creation-and-redemption-mechanism-definition) Credit Quality Definition Learn the definition of credit quality and other ETF terminology from the etf.com glossary. [Read More](/sections/credit-quality-definition) Custodian Definition Learn the definition of custodian and other ETF terminology from the etf.com glossary. [Read More](/sections/custodian-definition) Custom Basket Definition Learn the definition of custom basket and other ETF terminology from the etf.com glossary. [Read More](/sections/custom-basket-definition) Derivatives-Based ETF Definition Learn the definition of derivatives-based etf and other ETF terminology from the etf.com glossary. [Read More](/sections/derivatives-based-etf-definition) Direct Indexing Definition Learn the definition of direct indexing and other ETF terminology from the etf.com glossary. [Read More](/sections/direct-indexing-definition) Diversification Definition Learn the definition of diversification and other ETF terminology from the etf.com glossary. [Read More](/sections/diversification-definition) ### E-H ## [Earnings Per Share (EPS) Definition](/sections/earnings-share-eps-definition) ## [Environmental, Social, and Corporate Governance (ESG) Definition](/sections/environmental-social-and-corporate-governance-esg-definition) ## [Equal-Weighted Index Definition](/sections/equal-weighted-index-definition) ## [ETF Agent Definition](/sections/etf-agent-definition) ## [ETF Distributor Definition](/sections/etf-distributor-definition) ## [ETF Issuer Definition](/sections/etf-issuer-definition) ## [ETF Sponsor Definition](/sections/etf-sponsor-definition) ## [Exchange Traded Fund (ETF) Definition](/sections/exchange-traded-fund-etf-definition) ## [Exchange Traded Note (ETN) Definition](/sections/exchange-traded-note-etn-definition) ## [Expense Ratio Definition](/sections/expense-ratio-definition) ## [Fundamentally-Weighted Index Definition](/sections/fundamentally-weighted-index-definition) ## [Futures Definition](/sections/futures-definition) ## [Grantor Trust Definition](/sections/grantor-trust-definition) ## [Growth Investing Definition](/sections/growth-investing-definition) ## [High-Yield Bond Definition](/sections/high-yield-bond-definition) Earnings Per Share (EPS) Definition Learn the definition of earnings per share (EPS) and other ETF terminology from the etf.com glossary. [Read More](/sections/earnings-share-eps-definition) Environmental, Social, and Corporate Governance (ESG) Definition Learn the definition of environmental, social, and corporate governance (ESG) and other ETF terminology from the etf.com glossary. [Read More](/sections/environmental-social-and-corporate-governance-esg-definition) Equal-Weighted Index Definition Learn the definition of equal-weighted index and other ETF terminology from the etf.com glossary. [Read More](/sections/equal-weighted-index-definition) ETF Agent Definition Learn the definition of etf agent and other ETF terminology from the etf.com glossary. [Read More](/sections/etf-agent-definition) ETF Distributor Definition Learn the definition of etf distributor and other ETF terminology from the etf.com glossary. [Read More](/sections/etf-distributor-definition) ETF Issuer Definition Learn the definition of etf issuer and other ETF terminology from the etf.com glossary. [Read More](/sections/etf-issuer-definition) ETF Sponsor Definition Learn the definition of etf sponsor and other ETF terminology from the etf.com glossary. [Read More](/sections/etf-sponsor-definition) Exchange Traded Fund (ETF) Definition Learn the definition of exchange traded fund (etf) and other ETF terminology from the etf.com glossary. [Read More](/sections/exchange-traded-fund-etf-definition) Exchange Traded Note (ETN) Definition Learn the definition of exchange traded note (etn) and other ETF terminology from the etf.com glossary. [Read More](/sections/exchange-traded-note-etn-definition) Expense Ratio Definition Learn the definition of expense ratio and other ETF terminology from the etf.com glossary. [Read More](/sections/expense-ratio-definition) Fundamentally-Weighted Index Definition Learn the definition of fundamentally-weighted index and other ETF terminology from the etf.com glossary. [Read More](/sections/fundamentally-weighted-index-definition) Futures Definition Learn the definition of futures and other ETF terminology from the etf.com glossary. [Read More](/sections/futures-definition) Grantor Trust Definition Learn the definition of grantor trust and other ETF terminology from the etf.com glossary. [Read More](/sections/grantor-trust-definition) Growth Investing Definition Learn the definition of growth investing and other ETF terminology from the etf.com glossary. [Read More](/sections/growth-investing-definition) High-Yield Bond Definition Learn the definition of high-yield bond and other ETF terminology from the etf.com glossary. [Read More](/sections/high-yield-bond-definition) ### I-L ## [Implied Liquidity Definition](/sections/implied-liquidity-definition) ## [Income Equalization Definition](/sections/income-equalization-definition) ## [Index Based Definition ](/sections/index-based-definition) ## [Index Definition](/sections/index-definition) ## [Index Investing Definition](/etf-education-center/etf-glossary/index-investing) ## [Index Provider Definition](/sections/index-provider-definition) ## [Initial Margin Definition](/sections/initial-margin-definition) ## [Initial Public Offering (IPO) Definition](/sections/initial-public-offering-ipo-definition) ## [Interest Risk Rate Definition](/sections/interest-risk-rate-definition) ## [Inverse ETF Definition](/sections/inverse-etf-definition) ## [Investment Adviser Definition](/etf-education-center/etf-glossary/investment-adviser) ## [Investment Company Definition](/etf-education-center/etf-glossary/investment-company) ## [Large-Cap ETF Definition](/etf-education-center/etf-glossary/large-cap-etf) ## [Lead Market Maker Definition](/etf-education-center/etf-glossary/lead-market-maker) ## [Leveraged ETF Definition](/sections/leveraged-etf-definition) ## [Liquidity Definition](/etf-education-center/etf-glossary/liquidity) Implied Liquidity Definition Learn the definition of implied liquidity and other ETF terminology from the etf.com glossary. [Read More](/sections/implied-liquidity-definition) Income Equalization Definition Learn the definition of income equalization and other ETF terminology from the etf.com glossary. [Read More](/sections/income-equalization-definition) Index Based Definition Learn the definition of index based and other ETF terminology from the etf.com glossary. [Read More](/sections/index-based-definition) Index Definition Learn the definition of index and other ETF terminology from the etf.com glossary. [Read More](/sections/index-definition) Index Investing Definition Learn the definition of index investing and other ETF terminology from the etf.com glossary. [Read More](/etf-education-center/etf-glossary/index-investing) Index Provider Definition Learn the definition of index provider and other ETF terminology from the etf.com glossary. [Read More](/sections/index-provider-definition) Initial Margin Definition Learn the definition of initial margin and other ETF terminology from the etf.com glossary. [Read More](/sections/initial-margin-definition) Initial Public Offering (IPO) Definition Learn the definition of initial public offering (IPO) and other ETF terminology from the etf.com glossary. [Read More](/sections/initial-public-offering-ipo-definition) Interest Risk Rate Definition Learn the definition of interest risk rate and other ETF terminology from the etf.com glossary. [Read More](/sections/interest-risk-rate-definition) Inverse ETF Definition Learn the definition of inverse etf and other ETF terminology from the etf.com glossary. [Read More](/sections/inverse-etf-definition) Investment Adviser Definition Learn the definition of investment adviser and other ETF terminology from the etf.com glossary. [Read More](/etf-education-center/etf-glossary/investment-adviser) Investment Company Definition Learn the definition of investment company and other ETF terminology from the etf.com glossary. [Read More](/etf-education-center/etf-glossary/investment-company) Large-Cap ETF Definition Learn the definition of large-cap ETF and other ETF terminology from the etf.com glossary. [Read More](/etf-education-center/etf-glossary/large-cap-etf) Lead Market Maker Definition Learn the definition of lead market maker and other ETF terminology from the etf.com glossary. [Read More](/etf-education-center/etf-glossary/lead-market-maker) Leveraged ETF Definition Learn the definition of leveraged etf and other ETF terminology from the etf.com glossary. [Read More](/sections/leveraged-etf-definition) Liquidity Definition Learn the definition of liquidity and other ETF terminology from the etf.com glossary. [Read More](/etf-education-center/etf-glossary/liquidity) ### M-P ## [Market Capitalization Definition](/etf-education-center/etf-glossary/market-capitalization) ## [Market Data Vendors Definition](/etf-education-center/etf-glossary/market-data-vendors) ## [Market Maker Definition](/sections/market-maker-definition) ## [Micro-Cap ETF Definition](/etf-education-center/etf-glossary/micro-cap-etf) ## [Mid-Cap ETF Definition](/etf-education-center/etf-glossary/mid-cap-etf) ## [Minimum Margin Definition](/etf-education-center/etf-glossary/minimum-margin) ## [Minimum Volatility Definition](/etf-education-center/etf-glossary/minimum-volatility) ## [Moving Average Definition](/etf-education-center/etf-glossary/moving-average) ## [Municipal Bonds Definition](/etf-education-center/etf-glossary/municipal-bonds) ## [Mutual Fund Definition](/etf-education-center/etf-glossary/mutual-fund) ## [Net Asset Value (NAV) Definition](/sections/net-asset-value-nav-definition) ## [Nontransparent Active ETF Definition](/sections/nontransparent-active-etf-definition) ## [Open-End Funds Definition](/sections/open-end-funds-definition) ## [Passive Management Definition](/etf-education-center/etf-glossary/passive-management) ## [Physical ETF Definition](/etf-education-center/etf-glossary/physical-etf) ## [Premium Definition](/etf-education-center/etf-glossary/premium) ## [Price-Weighted Index Definition](/etf-education-center/etf-glossary/price-weighted-index) ## [Pricing Basket Definition](/etf-education-center/etf-glossary/pricing-basket) ## [Primary Market Definition](/etf-education-center/etf-glossary/primary-market) Market Capitalization Definition Learn the definition of market capitalization and other ETF terminology from the etf.com glossary. [Read More](/etf-education-center/etf-glossary/market-capitalization) Market Data Vendors Definition Learn the definition of market data vendors and other ETF terminology from the etf.com glossary. [Read More](/etf-education-center/etf-glossary/market-data-vendors) Market Maker Definition Learn the definition of market maker and other ETF terminology from the etf.com glossary. [Read More](/sections/market-maker-definition) Micro-Cap ETF Definition Learn the definition of micro-cap ETF and other ETF terminology from the etf.com glossary. [Read More](/etf-education-center/etf-glossary/micro-cap-etf) Mid-Cap ETF Definition Learn the definition of mid-cap ETF and other ETF terminology from the etf.com glossary. [Read More](/etf-education-center/etf-glossary/mid-cap-etf) Minimum Margin Definition Learn the definition of minimum margin and other ETF terminology from the etf.com glossary. [Read More](/etf-education-center/etf-glossary/minimum-margin) Minimum Volatility Definition Learn the definition of minimum volatility and other ETF terminology from the etf.com glossary. [Read More](/etf-education-center/etf-glossary/minimum-volatility) Moving Average Definition Learn the definition of moving average and other ETF terminology from the etf.com glossary. [Read More](/etf-education-center/etf-glossary/moving-average) Municipal Bonds Definition Learn the definition of municipal bonds and other ETF terminology from the etf.com glossary. [Read More](/etf-education-center/etf-glossary/municipal-bonds) Mutual Fund Definition Learn the definition of mutual fund and other ETF terminology from the etf.com glossary. [Read More](/etf-education-center/etf-glossary/mutual-fund) Net Asset Value (NAV) Definition Learn the definition of net asset value (NAV) and other ETF terminology from the etf.com glossary. [Read More](/sections/net-asset-value-nav-definition) Nontransparent Active ETF Definition Learn the definition of nontransparent active etf and other ETF terminology from the etf.com glossary. [Read More](/sections/nontransparent-active-etf-definition) Open-End Funds Definition Learn the definition of open-end funds and other ETF terminology from the etf.com glossary. [Read More](/sections/open-end-funds-definition) Passive Management Definition Learn the definition of passive management and other ETF terminology from the etf.com glossary. [Read More](/etf-education-center/etf-glossary/passive-management) Physical ETF Definition Learn the definition of physical ETF and other ETF terminology from the etf.com glossary. [Read More](/etf-education-center/etf-glossary/physical-etf) Premium Definition Learn the definition of premium and other ETF terminology from the etf.com glossary. [Read More](/etf-education-center/etf-glossary/premium) Price-Weighted Index Definition Learn the definition of price-weighted index and other ETF terminology from the etf.com glossary. [Read More](/etf-education-center/etf-glossary/price-weighted-index) Pricing Basket Definition Learn the definition of pricing basket and other ETF terminology from the etf.com glossary. [Read More](/etf-education-center/etf-glossary/pricing-basket) Primary Market Definition Learn the definition of primary market and other ETF terminology from the etf.com glossary. [Read More](/etf-education-center/etf-glossary/primary-market) ### Q-T ## [Quant Investing Definition](/etf-education-center/etf-glossary/quant-investing) ## [Redeemable Securities Definition](/etf-education-center/etf-glossary/redeemable-securities) ## [Robo-Advisor Defintition](/etf-education-center/etf-glossary/robo-advisor) ## [Savings Bond Definition](/etf-education-center/etf-glossary/savings-bond) ## [Secondary Market Definition](/etf-education-center/etf-glossary/secondary-market) ## [Securities Lending Definition](/sections/securities-lending-definition) ## [Self-Indexed ETF Definition](/etf-education-center/etf-glossary/self-indexed-etf) ## [Short Selling Definition](/etf-education-center/etf-glossary/short-selling) ## [Small-Cap ETF Definition](/etf-education-center/etf-glossary/small-cap-etf) ## [Spot Bitcoin Definition](/etf-education-center/etf-glossary/spot-bitcoin) ## [Stock Exchange Definition](/etf-education-center/etf-glossary/stock-exchange) ## [Synthetic ETF Definition](/etf-education-center/etf-glossary/synthetic-etf) ## [Tax Efficiency Definition](/etf-education-center/etf-glossary/tax-efficiency-) ## [Tracking Error Definition](/sections/tracking-error-definition) ## [Trading Volume Definition](/etf-education-center/etf-glossary/trading-volume) ## [Transparency Definition](/etf-education-center/etf-glossary/transparency) ## [Treasury Bonds Definition](/etf-education-center/etf-glossary/treasury-bonds) ## [Treasury Inflation Protected Securities (TIPS) Definition](/etf-education-center/etf-glossary/treasury-inflation-protected-securities-%28tips%29) ## [Turnover Rate Definition](/etf-education-center/etf-glossary/turnover-rate) Quant Investing Definition Learn the definition of quant investing and other ETF terminology from the etf.com glossary. [Read More](/etf-education-center/etf-glossary/quant-investing) Redeemable Securities Definition Learn the definition of redeemable securities and other ETF terminology from the etf.com glossary. [Read More](/etf-education-center/etf-glossary/redeemable-securities) Robo-Advisor Defintition Learn the definition of robo-advisor and other ETF terminology from the etf.com glossary. [Read More](/etf-education-center/etf-glossary/robo-advisor) Savings Bond Definition Learn the definition of savings bond and other ETF terminology from the etf.com glossary. [Read More](/etf-education-center/etf-glossary/savings-bond) Secondary Market Definition Learn the definition of secondary market and other ETF terminology from the etf.com glossary. [Read More](/etf-education-center/etf-glossary/secondary-market) Securities Lending Definition Learn the definition of securities lending and other ETF terminology from the etf.com glossary. [Read More](/sections/securities-lending-definition) Self-Indexed ETF Definition Learn the definition of self-indexed ETF and other ETF terminology from the etf.com glossary. [Read More](/etf-education-center/etf-glossary/self-indexed-etf) Short Selling Definition Learn the definition of short selling and other ETF terminology from the etf.com glossary. [Read More](/etf-education-center/etf-glossary/short-selling) Small-Cap ETF Definition Learn the definition of small-cap etf and other ETF terminology from the etf.com glossary. [Read More](/etf-education-center/etf-glossary/small-cap-etf) Spot Bitcoin Definition Learn the definition of spot bitcoin and other ETF terminology from the etf.com glossary. [Read More](/etf-education-center/etf-glossary/spot-bitcoin) Stock Exchange Definition Learn the definition of stock exchange and other ETF terminology from the etf.com glossary. [Read More](/etf-education-center/etf-glossary/stock-exchange) Synthetic ETF Definition Learn the definition of synthetic etf and other ETF terminology from the etf.com glossary. [Read More](/etf-education-center/etf-glossary/synthetic-etf) Tax Efficiency Definition Learn the definition of tax efficiency and other ETF terminology from the etf.com glossary. [Read More](/etf-education-center/etf-glossary/tax-efficiency-) Tracking Error Definition Learn the definition of tracking error and other ETF terminology from the etf.com glossary. [Read More](/sections/tracking-error-definition) Trading Volume Definition Learn the definition of trading volume and other ETF terminology from the etf.com glossary. [Read More](/etf-education-center/etf-glossary/trading-volume) Transparency Definition Learn the definition of transparency and other ETF terminology from the etf.com glossary. [Read More](/etf-education-center/etf-glossary/transparency) Treasury Bonds Definition Learn the definition of treasury bonds and other ETF terminology from the etf.com glossary. [Read More](/etf-education-center/etf-glossary/treasury-bonds) Treasury Inflation Protected Securities (TIPS) Definition Learn the definition of treasury inflation protected securities (TIPS) and other ETF terminology from the etf.com glossary. [Read More](/etf-education-center/etf-glossary/treasury-inflation-protected-securities-%28tips%29) Turnover Rate Definition Learn the definition of turnover rate and other ETF terminology from the etf.com glossary. [Read More](/etf-education-center/etf-glossary/turnover-rate) ### U-X ## [Unit Investment Trust (UIT) Definition](/sections/unit-investment-trust-uit-definition) ## [Value Investing Definition](/etf-education-center/etf-glossary/value-investing) ## [Variable Annuity Definition](/etf-education-center/etf-glossary/variable-annuity) Unit Investment Trust (UIT) Definition Learn the definition of unit investment trust (UIT) and other ETF terminology from the etf.com glossary. [Read More](/sections/unit-investment-trust-uit-definition) Value Investing Definition Learn the definition of value investing and other ETF terminology from the etf.com glossary. [Read More](/etf-education-center/etf-glossary/value-investing) Variable Annuity Definition Learn the definition of variable annuity and other ETF terminology from the etf.com glossary. [Read More](/etf-education-center/etf-glossary/variable-annuity) ### Y-Z ## [Yield Definition](/etf-education-center/etf-glossary/yield) Yield Definition Learn the definition of yield and other ETF terminology from the etf.com glossary. [Read More](/etf-education-center/etf-glossary/yield)