Best NYSE ETFs Right Now

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Contributor, Benzinga
June 27, 2023

The New York Stock Exchange (NYSE) is one of the oldest and most diverse exchange groups in the world. It offers a broad spectrum of financial products such as equities, options, exchange-traded funds (ETFs) and bonds to invest your money. More than 8,000 companies are listed on NYSE, resulting in more than 1/3 of the world’s cash equity trade volume being routed through it.  Investors should learn about NYSE ETFs.

The NYSE is one of the most liquid markets for trade. Currently, ETFs listed on NYSE are among the fastest-growing investments across the globe. Unlike stocks, you can trade a single ETF share to gain access to an entire index of companies without the burden of investing in each of them. 

ETFs afford you a chance to own small assets in a wide range of small, mid and large companies across sectors. If you are new to trading on NYSE, you should consider investing in ETFs as a sound strategy to increase your wealth.    

Quick Look at the Best NYSE ETFs:

NYSE ETFs Biggest Gainers and Losers

Here’s a quick look at ETFs on the New York Stock Exchange with the best profits and worst losses. 

Stock Movers

Session: Jul 25, 2024 4:00PM EDT - Jul 26, 2024 3:59PM EDT

Premarket NYSE ETFs

Here’s a quick look at the premarket positions of ETFs on the NYSE to help you predict their price movements during trading sessions. 

Stock Movers

Loser

TickerCompany±%Buy Stock
No Results
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Session: Jul 25, 2024 4:00PM EDT - Jul 26, 2024 9:29AM EDT

Aftermarket NYSE ETFs

Here’s a quick look at the positions of ETFs after the NYSE is closed for trading.   

Stock Movers

Gainers

TickerCompany±%Buy Stock
No Results
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Loser

TickerCompany±%Buy Stock
VOOVanguard S&P 500 ETF$500.18-0.03%4.5MBuy/Sell
SPYSPDR S&P 500$544.30-0.03%49.7MBuy/Sell
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Session: Jul 26, 2024 4:00PM EDT - Jul 26, 2024 7:59PM EDT

Why Invest in NYSE ETFs?

Here are the top 4 reasons to invest in ETFs listed on NYSE. 

1. Cost-Effective 

ETFs listed on the NYSE provide an affordable entry into major multinational corporations at a fraction of the cost it would take you to own stocks in a single large-cap company. ETFs charge you a small fee as expense ratios to cover the cost of managing the funds and other operational expenses. 

Mutual funds charge you an average of 1.42% in annual fees whereas ETFs charge you an average expense ratio of 0.40%, which is significantly lower. As an added advantage, most online brokers let you trade ETFs commission-free. Additionally, you can purchase a single share of an ETF at a time without any minimum trade volume or amount whereas many index mutual funds require you to buy at least $100 worth.

2. Transparency

You can monitor the holdings of most ETFs on the NYSE throughout the day. NYSE ETFs give you a detailed summary of price movements and the value of funds in 1 view. Public information is also widely available on the underlying companies of an ETF. 

You can use all this data to measure the outcome of your investments in the NYSE and to verify whether ETFs meet your financial goals on time. The transparency of ETFs also discourages fund managers from applying point-spread scams to deceive eager traders.

3. Strategic Asset Allocation

The best ETFs listed on the NYSE provide a good balance of asset allocation and diversification. You can swiftly scan the tickers on the ETFs to evaluate the right mix of companies to add to your financial portfolio. Based on your risk tolerance, you can set an asset allocation strategy to include stocks, commodities, real estate or gold among others, to optimize the returns on your investment. 

ETFs can be highly volatile. You should keep a close watch on your asset allocation to make timely trades that can reduce risks and maximize gains. With a little training and experience, you’ll be able to achieve desired results from your investments that could match the numbers of a paid fund manager. 

4. High Liquidity

ETFs can be traded throughout the day during trading sessions open on the Exchange. According to the U.S. Market Statistics, the average daily value of U.S. ETF transactions is $78.95 billion. By that estimate, you should be able to validate the high liquidity of ETFs. 

Like stocks, you can buy and sell ETF shares at any time. You can use limit and stop orders to manage the risk of your investments during turbulent trading sessions. You can short an ETF to cut losses and buy them on margins. You can also trade in NYSE options to buy or sell ETFs.  

3 NYSE ETFs by AUM

ETFs combine the trading simplicity of stocks with the diversified risk of mutual funds. This quality of ETFs makes it a hotbed for investors looking to trade on the NYSE. You can also do in-depth research on the ETFs you want to invest in on Morningstar.com and Zacks.com.

Evaluate certain key factors such as expense ratios, historical performance, liquidity and the total Assets Under Management (AUM) before you invest in ETFs. Based on these criteria, Benzinga recommends the following ETFs to invest in the New York Stock Exchange.

1. SPDR S&P 500 ETF (SPY)

SPDR S&P 500 ETF has been on the market since January 1993. It tracks the S&P 500 Index and offers exposure to one of the most well-known equity benchmarks in the U.S. As of April 02, 2020 it had an opening rate of $251.83 with a change rate of 2.31%. It has a low expense ratio of 0.09% with a total AUM of $224,917 million. It has high liquidity with an average daily trade volume of 136,985,922 shares. 

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2. Vanguard S&P 500 ETF (VOO)

Vanguard S&P 500 ETF has been on the market since September 2010. It tracks the S&P 500 Index and offers exposure to mega and large-cap companies in America. As of April 02, 2020 it had an opening rate of $231.44 with a change rate of 2.34%. It has a low expense ratio of 0.03% with a total AUM of $114,885.1 million. It has high liquidity with an average daily trade volume of 6,299,447 shares.

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3. Cambria Global Value ETF (GVAL)

Cambria Global Value ETF has been on the market since March 2014. It tracks the Cambria Global Value Index and offers exposure to stocks with strong value characteristics from 45 countries. As of April 02, 2020 it had an opening rate of $15.24 with a change rate of 2.28%. It has an expense ratio of 0.69% with a total AUM of $9,388,018 million. It has comparatively low liquidity with an average daily trade volume of 53,078 shares.

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Best Online Brokers for NYSE ETFs

You can easily find ETFs listed on the NYSE with an online broker. You can trade ETFs at a $0 commission rate on most online brokers. Benzinga has hand-picked the best online brokers to help you on your investment journey.  

Self Direct Investment by JP Morgan
Best For
  • Chase Customers
securely through Self Direct Investment by JP Morgan's website

1. You Invest by J.P. Morgan

If you’re already a customer with Chase Bank, Chase You Invest by J.P. Morgan is a no-brainer. You can easily research, trade and manage your investments from your mobile device. You Invest provides online tools to search for investments, track companies and roll over your assets.

Only U.S. clients are able to open a You Invest account but it takes, on average, just a day to open and you’re able to apply fully online. Equipped with portfolio reports and pie charts, the mobile app is simple and user-friendly. The app is available for both iOS and Android devices.

With Chase You Invest you’ll have access to roughly 5,000 stock exchanges. There are plenty of research and educational tools provided on the app. Overall, the Chase You Invest platform for stock trading is a good option because it’s easy to open and fund an account. It’s also reliable thanks to its strong parent company, J.P. Morgan. 

TradeStation
Best For
  • Futures Trading
securely through TradeStation's website

2. TradeStation

TradeStation offers a world-class financial ecosystem for investors worldwide. On it, you can open a TS GO account with a $0 minimum deposit or a TS Select account with a $2,000 minimum deposit. You can trade on TradeStation using its desktop, web and mobile application.

TradeStation opens you up to diverse opportunities with over 2,000 ETFs to invest in. ETFs can be traded commission-free on the platform. With TradeStation, you can access a massive historical database of stocks, futures, ETFs and indices. Daily index data on TradeStation goes back as far as 59 years, with the Dow 30 going back to 1920. TradeStation is regulated by the SEC and FINRA.  

Firstrade
Best For
  • Mobile Investing
securely through Firstrade's website

3. Firstrade

Firstrade has been a leading online broker for trade since it was founded in 1985. You can open an account on Firstrade with a $0 minimum deposit. You can invest your money on Firstrade using its desktop, iPad and mobile application. 

Firstrade gives you access to trade with over 2,200 ETFs and has comprehensive information on more than 100 ETF providers. Most ETFs can be traded at a $0 commission rate on the platform. You can filter ETFs based on performance and analyst ratings on the Firstrade screener. It is regulated by the SEC and FINRA.

TD Ameritrade
Best For
  • Forex and investing app
securely through TD Ameritrade's website

4. TD Ameritrade

TD Ameritrade is a popular online broker with an estimated 500,000 trades taking place each day. You can open an account on TD Ameritrade with a $0 minimum deposit. You can trade on the platform using its web or mobile application.

All ETFs available on TD Ameritrade can be traded commission-free. You can scan for the latest buzz on ETFs from Yahoo! Finance from a customizable dock on its web platform. TD Ameritrade is regulated by FINRA.   

Diversify and Conquer

Owning shares in large corporations and global industries is at arm's reach, thanks to ETFs listed on the NYSE. ETFs are packed with value for investors to cash in on and conquer the market. The built-in diversification of ETFs and the low cost of its shares make it a powerful product for financial growth. 

Frequently Asked Questions

Q

What are NYSE ETFs?

A

NYSE ETFs are shares of companies whose stocks are listed on the New York Stock Exchange.

Q

Are NYSE ETFs a good investment?

A

NYSE ETFs are a good investment for many people because having them in your portfolio is a great way to diversify it.

Q

Which NYSE ETFs are a good investment?

A

Benzinga offers a list of NYSE ETFs on the list above.