🕷️ Crawler Inspector

URL Lookup

Direct Parameter Lookup

Raw Queries and Responses

1. Shard Calculation

Query:

Response:

Calculated Shard: 139 (from laksa136)

2. Crawled Status Check

Query:

curl -X POST \
  'http://laksa139.int.ahrefs:8124/' \
  -H 'Content-Type: text/plain' \
  -H 'X-ClickHouse-Database: crawler3' \
  -H 'Authorization: Basic YXBpOg==' \
  -d 'SELECT getAhrefsURLFromUnparsed(src_unparsed) AS found_url, ifNull(toUnixTimestamp(download_stamp), 0) AS crawl_time, ifNull(toUnixTimestamp(props_url_first_seen), 0) AS first_indexed_time, download_http_code AS http_code, src_unparsed AS src_unparsed, src_root_hash AS src_root_hash, history_drop_reason AS history_drop_reason, meta_title AS meta_title, meta_descriptions AS meta_descriptions, attrs_boilerpipe_text AS attrs_boilerpipe_text, attrs_markdown AS attrs_markdown, attrs_readable_markdown AS attrs_readable_markdown, meta_canonical AS meta_canonical FROM crawler3.page_info_local FINAL PREWHERE (src_root_hash, src_unparsed) IN ((getAhrefsRootHashFromUnparsed(getAhrefsUnparsedNoserviceFromURL(\'https://us.etrade.com/knowledge/library/etfs/what-is-an-etf\')), getAhrefsUnparsedNoserviceFromURL(\'https://us.etrade.com/knowledge/library/etfs/what-is-an-etf\'))) FORMAT JSONEachRow'

Response:

{"found_url":"https:\/\/us.etrade.com\/knowledge\/library\/etfs\/what-is-an-etf","crawl_time":1775849374,"first_indexed_time":1607694693,"http_code":200,"src_unparsed":"com,etrade!us,\/knowledge\/library\/etfs\/what-is-an-etf s443","src_root_hash":"15933511626430855539","history_drop_reason":null,"meta_title":"What is an ETF? | E*TRADE","meta_descriptions":["Learn about exchange-traded funds and the investment benefits of them. Discover the three main reasons why you should invest in exchange-traded funds."],"attrs_boilerpipe_text":"Along with stocks and mutual funds, ETFs are a popular type of investment. They can offer diversification, and can be cost effective, among other potential benefits. But what exactly is an ETF?\nETF\nstands for exchange-traded fund. Like a mutual fund, an ETF can invest in a variety, or “basket”, of securities such as stocks or bonds. Also like a mutual fund, an ETF is professionally managed. On the other hand, an ETF is more like a stock in one important way: it can be bought and sold during market hours throughout the day.\nMost ETFs are designed to track, or try to match, the performance of a market index, less the fund’s fees. There are numerous market indices of all kinds; they might track mid-sized companies, international stocks, investment grade bonds or even themes like artificial intelligence or sustainable investing. You can find one or more ETFs that try to match the returns of almost all of these indices.\nWhy invest in ETFs?\nThere are three main reasons to consider ETFs.\nDiversification\n. Because an ETF can invest in dozens or even hundreds of different securities, it can be inherently diversified. This may reduce risk compared to putting your money in a single stock or bond. With just one ETF, you can also gain a diversified position across a specific investment theme—large-cap stocks, investment grade bonds, or an industry sector like healthcare, for example. With only a few ETFs, you can build a diversified portfolio.\nValue\n. ETFs can have low fees. Plus, at E*TRADE from Morgan Stanley you pay zero commissions on ETF trades. Finally, because of the way ETFs work, they are often more tax-efficient than mutual funds.\nTransparency\n. With many ETFs, you can know what you own.\nAnd remember, since you can buy or sell ETFs any time the market is open, they may allow you to act quickly on an investing idea.\nKeep in mind, however:\nThe price of an ETF share is determined by the market as opposed to the value of the assets held by the ETF. This impacts the liquidity of an ETF’s shares. If few market participants want to buy or sell a particular ETF –\ni.e.\n, it is “thinly traded” – an investor may have to accept a lower price if they desire to sell their ETF shares in the short-term. This risk may be exacerbated during times of market stress if the trading volume for an ETF decreases, if more participants desire to sell rather than buy an ETF’s shares or for other reasons. Any of these reasons may lead to an investor selling their shares at a “discount” to what the ETF’s underlying holdings are actually worth.\nHow can E*TRADE help?\nWhat to read next...\nStocks vs. ETFs: Which is right for you?\nUnderstanding the similarities and differences between stocks and exchange-traded funds (ETFs) is the first step in deciding how they may fit your investment goals. But first, let’s be clear about what stocks and ETFs are.\nHow to choose mutual funds\nMutual funds can offer a simple and safer way to invest, but how do you choose amongst a multitude of options? Learn more about the various types and how their diversity can benefit your portfolio.\nLooking to expand your financial knowledge?","attrs_markdown":"[Skip to content](https:\/\/us.etrade.com\/knowledge\/library\/etfs\/what-is-an-etf#page-content)\n\n[Log on](https:\/\/us.etrade.com\/etx\/pxy\/login)   [View Stock Plans](https:\/\/us.etrade.com\/stock-plans)\n\nCustomer Service & Support *keyboard\\_arrow\\_down*\n\nCustomer Service & Support\n\n[Contact Us](https:\/\/us.etrade.com\/contact-us)   [FAQs](https:\/\/us.etrade.com\/frequently-asked-questions\/most-popular)   [Forms and Applications](https:\/\/us.etrade.com\/forms-applications)\n\n[![](https:\/\/cdn2.etrade.net\/1\/26022716140.0\/aempros\/content\/dam\/etrade\/retail\/en_US\/images\/global\/logos\/etrade-from-morgan-stanley-logo-light-theme.svg)](https:\/\/us.etrade.com\/home)\n\n- Trading & Investing *keyboard\\_arrow\\_down*\n  [Accounts](https:\/\/us.etrade.com\/what-we-offer\/our-accounts)\n  \n  Find an account type for virtually every financial goal.\n  \n  [Brokerage](https:\/\/us.etrade.com\/what-we-offer\/our-accounts\/brokerage-account)\n  \n  [Banking](https:\/\/us.etrade.com\/bank)\n  \n  [Retirement](https:\/\/us.etrade.com\/what-we-offer\/our-accounts\/retirement)\n  \n  [More Accounts *arrow\\_forward*](https:\/\/us.etrade.com\/what-we-offer\/our-accounts)\n  \n  [Platforms](https:\/\/us.etrade.com\/platforms)\n  \n  Discover powerful platforms that adapt to how you trade.\n  \n  [E\\*TRADE Platform For aspiring and experienced investors](https:\/\/us.etrade.com\/platforms#etrade)\n  \n  [Power E\\*TRADE Platform For active and advanced traders](https:\/\/us.etrade.com\/platforms#power-etrade)\n  \n  [Demos](https:\/\/us.etrade.com\/knowledge\/library\/platform-demos)\n  \n  [Products](https:\/\/us.etrade.com\/what-we-offer\/investment-choices)\n  \n  [Stocks](https:\/\/us.etrade.com\/what-we-offer\/investment-choices\/stocks)\n  \n  [Options](https:\/\/us.etrade.com\/what-we-offer\/investment-choices\/options)\n  \n  [Mutual Funds](https:\/\/us.etrade.com\/what-we-offer\/investment-choices\/mutual-funds)\n  \n  [ETFs](https:\/\/us.etrade.com\/what-we-offer\/investment-choices\/etfs)\n  \n  [Futures](https:\/\/us.etrade.com\/what-we-offer\/investment-choices\/futures)\n  \n  [Bonds](https:\/\/us.etrade.com\/what-we-offer\/investment-choices\/bonds)\n  \n  [Cryptocurrency](https:\/\/us.etrade.com\/what-we-offer\/investment-choices\/cryptocurrency)\n  \n  ![](https:\/\/cdn2.etrade.net\/1\/26022716080.0\/aempros\/content\/dam\/etrade\/retail\/en_US\/images\/navigation\/nav-card-thumbnail-brokerage-offer.jpeg)\n  \n  ### Get up to \\$1,500 for a limited time\n  Open and fund a new brokerage account with a qualifying deposit by 06\/30\/26. Terms apply. Use promo code: **OFFER26**\n  \n  [Learn how](https:\/\/us.etrade.com\/promo\/brokerage)\n- Banking *keyboard\\_arrow\\_down*\n  [Banking](https:\/\/us.etrade.com\/bank)\n  \n  Make the most of your cash with fully integrated bank accounts from Morgan Stanley Private Bank, National Association, Member FDIC.\n  \n  [Premium Savings Account](https:\/\/us.etrade.com\/bank\/premium-savings-account)\n  \n  [Max-Rate Checking](https:\/\/us.etrade.com\/bank\/max-rate-checking)\n  \n  [Checking](https:\/\/us.etrade.com\/bank\/checking)\n  \n  [Certificates of Deposit (CDs)](https:\/\/us.etrade.com\/bank\/certificate-of-deposit)\n  \n  [Line of Credit](https:\/\/us.etrade.com\/bank\/line-of-credit)\n  \n  ![](https:\/\/cdn2.etrade.net\/1\/26022716080.0\/aempros\/content\/dam\/etrade\/retail\/en_US\/images\/navigation\/nav-card-thumbnail-savings-offer.jpeg)\n  \n  ### Earn a boosted 4.00% APY for six months\n  Open and fund a Premium Savings Account with qualifying deposits by 5\/20\/2026. Terms apply.\n  \n  [Learn how](https:\/\/us.etrade.com\/bank\/premium-savings-account)\n- Planning & Advice *keyboard\\_arrow\\_down*\n  [Planning](https:\/\/us.etrade.com\/planning)\n  \n  Discover resources to help you prepare for life’s biggest moments.\n  \n  [Tools Calculate, estimate, and build your strategy](https:\/\/us.etrade.com\/planning#tools)\n  \n  [Education Knowledge to help guide your decisions](https:\/\/us.etrade.com\/planning#education)\n  \n  [Advice](https:\/\/us.etrade.com\/l\/advice)\n  \n  Choose from a range of solutions based on your financial needs and preferences.\n  \n  [Automated Investing Digital technology builds and manages your portfolio](https:\/\/us.etrade.com\/what-we-offer\/our-accounts\/core-portfolios)\n  \n  [Morgan Stanley Financial Advisors One-on-one guidance for your financial goals](https:\/\/us.etrade.com\/l\/advice#msfa)\n  \n  ![](https:\/\/cdn2.etrade.net\/1\/26022716080.0\/aempros\/content\/dam\/etrade\/retail\/en_US\/images\/navigation\/nav-card-thumbnail-wsidwmm-podcast.jpg)\n  \n  ### What Should I Do With My Money?\n  A podcast where real people get real answers from Financial Advisors to their most important questions about money.\n  \n  [Listen now](https:\/\/www.morganstanley.com\/ideas\/what-should-I-do-with-my-money-podcast)\n- Why E\\*TRADE *keyboard\\_arrow\\_down*\n  [What Sets Us Apart](https:\/\/us.etrade.com\/why-etrade)\n  \n  Learn what makes E\\*TRADE from Morgan Stanley stand out from the crowd.\n  \n  [Our Story](https:\/\/us.etrade.com\/why-etrade#our-story)\n  \n  [Who We Serve](https:\/\/us.etrade.com\/why-etrade#who-we-serve)\n  \n  [Awards and Recognition](https:\/\/us.etrade.com\/l\/awards-recognition)\n  \n  [Education Deepen your knowledge of trading, investing, retirement planning, and more.](https:\/\/us.etrade.com\/knowledge\/knowledge-center)\n  \n  ![](https:\/\/cdn2.etrade.net\/1\/26022716080.0\/aempros\/content\/dam\/etrade\/retail\/en_US\/images\/navigation\/nav-card-thumbnail-research-insights-morgan-stanley.jpeg)\n  \n  ### Expert research and insights from Morgan Stanley\n  Real-time market news, analyst reports, and exclusive Morgan Stanley research to guide your investment strategy.\n  \n  [View library](https:\/\/us.etrade.com\/knowledge\/library\/morgan-stanley)\n- [Pricing](https:\/\/us.etrade.com\/what-we-offer\/pricing-and-rates)\n\n[Log on](https:\/\/us.etrade.com\/etx\/pxy\/login)   [View Stock Plans](https:\/\/us.etrade.com\/stock-plans)\n\n*search* Search\n\nSearch by Symbol\/Keyword\n\nClose search *close*\n\n*search*\n\n[Open an account](https:\/\/express.etrade.com\/etx\/rtao\/ma\/account-category)\n\n[![E\\*TRADE from Morgan Stanley](https:\/\/cdn2.etrade.net\/1\/26022716140.0\/aempros\/content\/dam\/etrade\/retail\/en_US\/images\/global\/logos\/etrade-from-morgan-stanley-logo-light-theme.svg)](https:\/\/us.etrade.com\/home)\n\n[Log on](https:\/\/us.etrade.com\/etx\/pxy\/login)   [View Stock Plans](https:\/\/us.etrade.com\/stock-plans)\n\nOpen search *search*\n\nSearch by Symbol\/Keyword\n\n*search*\n\nClose search *close*\n\n- Trading & Investing  *keyboard\\_arrow\\_left*Back\n  - [Accounts *arrow\\_forward*](https:\/\/us.etrade.com\/what-we-offer\/our-accounts)\n    [Brokerage](https:\/\/us.etrade.com\/what-we-offer\/our-accounts\/brokerage-account)\n    \n    [Banking](https:\/\/us.etrade.com\/bank)\n    \n    [Retirement](https:\/\/us.etrade.com\/what-we-offer\/our-accounts\/retirement)\n    [More Accounts *arrow\\_forward*](https:\/\/us.etrade.com\/what-we-offer\/our-accounts)\n    [Platforms *arrow\\_forward*](https:\/\/us.etrade.com\/platforms)\n    [E\\*TRADE Platform](https:\/\/us.etrade.com\/platforms#etrade)\n    \n    [Power E\\*TRADE Platform](https:\/\/us.etrade.com\/platforms#power-etrade)\n    \n    [Demos](https:\/\/us.etrade.com\/knowledge\/library\/platform-demos)\n    [Products *arrow\\_forward*](https:\/\/us.etrade.com\/what-we-offer\/investment-choices)\n    [Stocks](https:\/\/us.etrade.com\/what-we-offer\/investment-choices\/stocks)\n    \n    [Options](https:\/\/us.etrade.com\/what-we-offer\/investment-choices\/options)\n    \n    [Mutual Funds](https:\/\/us.etrade.com\/what-we-offer\/investment-choices\/mutual-funds)\n    \n    [ETFs](https:\/\/us.etrade.com\/what-we-offer\/investment-choices\/etfs)\n    \n    [Futures](https:\/\/us.etrade.com\/what-we-offer\/investment-choices\/futures)\n    \n    [Bonds](https:\/\/us.etrade.com\/what-we-offer\/investment-choices\/bonds)\n    \n    [Cryptocurrency](https:\/\/us.etrade.com\/what-we-offer\/investment-choices\/cryptocurrency)\n- Banking  *keyboard\\_arrow\\_left*Back\n  - [Banking *arrow\\_forward*](https:\/\/us.etrade.com\/bank)\n    [Premium Savings Account](https:\/\/us.etrade.com\/bank\/premium-savings-account)\n    \n    [Max-Rate Checking](https:\/\/us.etrade.com\/bank\/max-rate-checking)\n    \n    [Checking](https:\/\/us.etrade.com\/bank\/checking)\n    \n    [Certificates of Deposit (CDs)](https:\/\/us.etrade.com\/bank\/certificate-of-deposit)\n    \n    [Line of Credit](https:\/\/us.etrade.com\/bank\/line-of-credit)\n- Planning & Advice  *keyboard\\_arrow\\_left*Back\n  - [Planning *arrow\\_forward*](https:\/\/us.etrade.com\/planning)\n    [Tools](https:\/\/us.etrade.com\/planning#tools)\n    \n    [Education](https:\/\/us.etrade.com\/planning#education)\n    [Advice *arrow\\_forward*](https:\/\/us.etrade.com\/l\/advice)\n    [Automated Investing](https:\/\/us.etrade.com\/what-we-offer\/our-accounts\/core-portfolios)\n    \n    [Morgan Stanley Financial Advisors](https:\/\/us.etrade.com\/l\/advice#msfa)\n- Why E\\*TRADE  *keyboard\\_arrow\\_left*Back\n  - [What Sets Us Apart *arrow\\_forward*](https:\/\/us.etrade.com\/why-etrade)\n    [Our Story](https:\/\/us.etrade.com\/why-etrade#our-story)\n    \n    [Who We Serve](https:\/\/us.etrade.com\/why-etrade#who-we-serve)\n    \n    [Awards and Recognition](https:\/\/us.etrade.com\/l\/awards-recognition)\n    \n    [Education](https:\/\/us.etrade.com\/knowledge\/knowledge-center)\n- [Pricing](https:\/\/us.etrade.com\/what-we-offer\/pricing-and-rates)\n- Customer Service & Support  *keyboard\\_arrow\\_left*Back\n  - Customer Service & Support\n    [Contact Us](https:\/\/us.etrade.com\/contact-us)   [FAQs](https:\/\/us.etrade.com\/frequently-asked-questions\/most-popular)   [Forms and Applications](https:\/\/us.etrade.com\/forms-applications)\n\n[Open an account](https:\/\/express.etrade.com\/etx\/rtao\/ma\/account-category)\n\nWhat is an ETF?\n\n# What is an ETF?\nE\\*TRADE from Morgan Stanley\n\n12\/07\/20\n\n###\nAlong with stocks and mutual funds, ETFs are a popular type of investment. They can offer diversification, and can be cost effective, among other potential benefits. But what exactly is an ETF?\n\n*ETF* stands for exchange-traded fund. Like a mutual fund, an ETF can invest in a variety, or “basket”, of securities such as stocks or bonds. Also like a mutual fund, an ETF is professionally managed. On the other hand, an ETF is more like a stock in one important way: it can be bought and sold during market hours throughout the day.\n\nMost ETFs are designed to track, or try to match, the performance of a market index, less the fund’s fees. There are numerous market indices of all kinds; they might track mid-sized companies, international stocks, investment grade bonds or even themes like artificial intelligence or sustainable investing. You can find one or more ETFs that try to match the returns of almost all of these indices.\n\n### Why invest in ETFs?\nThere are three main reasons to consider ETFs.\n\n1. **Diversification**. Because an ETF can invest in dozens or even hundreds of different securities, it can be inherently diversified. This may reduce risk compared to putting your money in a single stock or bond. With just one ETF, you can also gain a diversified position across a specific investment theme—large-cap stocks, investment grade bonds, or an industry sector like healthcare, for example. With only a few ETFs, you can build a diversified portfolio.\n2. **Value**. ETFs can have low fees. Plus, at E\\*TRADE from Morgan Stanley you pay zero commissions on ETF trades. Finally, because of the way ETFs work, they are often more tax-efficient than mutual funds.\n3. **Transparency**. With many ETFs, you can know what you own.\n\nAnd remember, since you can buy or sell ETFs any time the market is open, they may allow you to act quickly on an investing idea.\n\n### Keep in mind, however:\nThe price of an ETF share is determined by the market as opposed to the value of the assets held by the ETF. This impacts the liquidity of an ETF’s shares. If few market participants want to buy or sell a particular ETF – *i.e.*, it is “thinly traded” – an investor may have to accept a lower price if they desire to sell their ETF shares in the short-term. This risk may be exacerbated during times of market stress if the trading volume for an ETF decreases, if more participants desire to sell rather than buy an ETF’s shares or for other reasons. Any of these reasons may lead to an investor selling their shares at a “discount” to what the ETF’s underlying holdings are actually worth.\n### How can E\\*TRADE help?\n[Prebuilt Portfolios Select your risk tolerance and easily invest in diversified, professionally selected portfolios of mutual funds or exchange-traded funds (ETFs). And you pay no trading commissions although fund fees and expenses still apply. Get started with as little as \\$500 (mutual funds) or \\$2,500 (ETFs). Learn more *arrow\\_forward*](https:\/\/us.etrade.com\/what-we-offer\/investment-choices\/prebuilt-portfolios)\n\n[Thematic Investing Find ETFs that align with your values or with social, economic, and technology trends. Learn more *arrow\\_forward*](https:\/\/us.etrade.com\/knowledge\/thematic-investing)\n\n[Core Portfolios With Core Portfolios, we'll build, manage, and rebalance a diversified ETF portfolio for you. And we can help you invest in socially responsible companies too. Learn more *arrow\\_forward*](https:\/\/us.etrade.com\/what-we-offer\/our-accounts\/core-portfolios)\n\n[Choice ETFs Choose from a list of exchange-traded funds, selected by Morgan Stanley Smith Barney, LLC. Learn more *arrow\\_forward*](https:\/\/www.etrade.wallst.com\/v1\/fundresearch\/allstarfunds\/all_star_fund_results.asp?selectedAllstarCategory=domestic_large&allstarType=etf&results_view=performance&sortBy=ETDWETradeFundName&c=ETDWETradeAllStarGroup:LIKE:Large%20Cap;ETDWCategorySymbol:LIKE:LB:LIKE:LG:LIKE:LV;ETDWETradeAllStarListFlag:EQU:1;)\n\n### What to read next...\n### [ETFs vs. mutual funds: Understand the difference](https:\/\/us.etrade.com\/knowledge\/library\/etfs\/etfs-vs-mutual-funds)\nLearn about the similarities and differences between exchange-traded funds and mutual funds. Let E\\*TRADE help you figure out which funds are right for you.\n***\n\n### [Stocks vs. ETFs: Which is right for you?](https:\/\/us.etrade.com\/knowledge\/library\/etfs\/stocks-vs-etfs)\nUnderstanding the similarities and differences between stocks and exchange-traded funds (ETFs) is the first step in deciding how they may fit your investment goals. But first, let’s be clear about what stocks and ETFs are.\n***\n\n### [How to choose mutual funds](https:\/\/us.etrade.com\/knowledge\/library\/mutual-funds\/why-choose-mutual-funds)\nMutual funds can offer a simple and safer way to invest, but how do you choose amongst a multitude of options? Learn more about the various types and how their diversity can benefit your portfolio.\n***\n\n## Looking to expand your financial knowledge?\n[Explore our library *arrow\\_forward*](https:\/\/us.etrade.com\/knowledge\/library\/getting-started)\n\n## ETRADE Footer\n#### **About Us** **\n- [Company Overview](https:\/\/www.morganstanley.com\/?icid=etrade_globalfooterdefault_companyoverview)\n- [Awards & Recognition](https:\/\/us.etrade.com\/l\/awards-recognition?icid=etrade_globalfooterdefault_awards)\n- [Investor Relations](https:\/\/www.morganstanley.com\/about-us-ir?icid=etrade_globalfooterdefault_investorrelations)\n- [Newsroom](https:\/\/www.morganstanley.com\/about-us-newsroom#-536583991-tab)\n- [Careers](https:\/\/www.morganstanley.com\/people?icid=etrade_globalfooterdefault_careers)\n- [Accessibility at E\\*TRADE](https:\/\/us.etrade.com\/accessibility?icid=etrade_globalfooterdefault_accessibility)\n- [Privacy & Cookies](https:\/\/www.morganstanley.com\/privacy-pledge?icid=etrade_globalfooterdefault_privacy)\n- [Your Privacy Choices ![Your Privacy Choices](https:\/\/cdn2.etrade.net\/1\/23053017320.0\/aempros\/content\/dam\/etrade\/retail\/en_US\/images\/global\/icons\/etprivacyoptions123x59.png)]()\n\n#### **Service** **\n- [Contact Us](https:\/\/us.etrade.com\/contact-us?icid=etrade_globalfooterdefault_contactus)\n- [FAQs](https:\/\/us.etrade.com\/frequently-asked-questions\/most-popular?icid=etrade_globalfooterdefault_faqs)\n- [Forms and Applications](https:\/\/us.etrade.com\/forms-applications?icid=etrade_globalfooterdefault_forms)\n\n#### **Quick Links** **\n- [Open An Account](https:\/\/us.etrade.com\/what-we-offer\/our-accounts?icid=etrade_globalfooterdefault_openaccount)\n- [Fund My Account](https:\/\/us.etrade.com\/what-we-offer\/our-accounts\/fund-my-account?icid=etrade_globalfooterdefault_fundaccount)\n- [Cash Management](https:\/\/us.etrade.com\/l\/cash-management?icid=etrade_globalfooterdefault_cashmanagement)\n- [Find a Financial Advisor](https:\/\/advisor.morganstanley.com\/search?icid=etrade_globalfooterdefault_findfinancialadvisor)\n- [Stock Plans](https:\/\/us.etrade.com\/stock-plans?icid=etrade_globalfooterdefault_stockplans)\n- [Executive Services](https:\/\/us.etrade.com\/l\/executive-services?icid=etrade_globalfooterdefault_executiveservices)\n- [Security Center](https:\/\/us.etrade.com\/security-center?icid=etrade_globalfooterdefault_securitycenter)\n- [Site Map](https:\/\/us.etrade.com\/sitemap?icid=etrade_globalfooterdefault_sitemap)\n\n#### Connect with us\n[*phone* 800-387-2331](Tel:18003872331)\n\n- [![twitter](https:\/\/cdn2.etrade.net\/1\/25051518240.0\/aempros\/content\/dam\/etrade\/retail\/en_US\/images\/global\/icons\/twitterxfooter.svg)](https:\/\/twitter.com\/etrade)\n***\n#### **Please read all the important disclosures below.**\n**Investing:**\n\nCheck the background of Morgan Stanley Smith Barney LLC on [FINRA's BrokerCheck](https:\/\/brokercheck.finra.org\/) and see the Morgan Stanley Smith Barney LLC [Relationship Summary](https:\/\/www.morganstanleyclientserv.com\/publiccontent\/msoc\/pdf\/ClientRelationshipSummary.pdf).\n\n|   |\n|---|\n| **Investment Products • Not FDIC Insured • No Bank Guarantee • May Lose Value** |\n\n![SiPC logo](https:\/\/cdn2.etrade.net\/1\/24082718520.0\/aempros\/content\/dam\/etrade\/retail\/en_US\/images\/global\/footer\/disclaimer-logo-sipc-member.svg)\n***\n**Banking:**\n\nBanking products and services are provided by Morgan Stanley Private Bank, National Association, Member [FDIC](https:\/\/us.etrade.com\/e\/t\/estation\/help?id=1600000001).\n\n|   |\n|---|\n| **Banking Products • FDIC Insured • Bank Guarantee** |\n\n![FDIC Insured - Backed by the full faith and credit of the U.S. Government](https:\/\/cdn2.etrade.net\/1\/24082619370.0\/aempros\/content\/dam\/etrade\/retail\/en_US\/images\/global\/footer\/fdic-digital-sign-desktop.svg)\n\n![Equal housing lender logo](https:\/\/cdn2.etrade.net\/1\/24101721230.0\/aempros\/content\/dam\/etrade\/retail\/en_US\/images\/global\/footer\/equal-housing-lender-logo.png) Equal Housing Lender\n***\n\n**The E\\*TRADE ETF and Mutual Fund Screeners are not a recommendation by Morgan Stanley Smith Barney LLC or its affiliates to buy, sell or hold any security, financial product or instrument, nor is it an endorsement of any specific security, company, fund family, product, or service.**\n\n**An Exchange-Traded Fund’s (“ETF”) prospectus contains its investment objectives, risks, charges, expenses, and other important information, and should be read and carefully considered before investing. For a current prospectus, visit the Exchange-Traded Funds Center at [www.etrade.com\/etf](https:\/\/us.etrade.com\/e\/t\/invest\/prospectus?vanity=etf).**\n\nETFs are subject to risks similar to those of other diversified investments. Investing in ETFs involves risk, including the possible loss of principal. Although ETFs are designed to provide investment results that generally correspond to the performance of their respective underlying indices, they may not be able to exactly replicate the performance of the indices because of expenses and other factors. ETF shares cannot be redeemed directly from the ETF. ETFs are required to distribute portfolio gains to shareholders at year-end, which may be generated by portfolio rebalancing or the need to meet diversification requirements. ETF trading may also have tax consequences. An ETF’s expense ratio is the annual operating expense charged to investors.\n\nUnless stated otherwise, the web content provided by E\\*TRADE is for educational purposes only. The information and tools provided neither are, nor should be construed as, an offer, or a solicitation of an offer, or a recommendation, to buy or sell securities or other instruments by E\\*TRADE. Unless stated otherwise, no information presented constitutes a recommendation by E\\*TRADE to buy, sell, or hold any security, financial product, or instrument discussed therein, or to open a particular account or to engage in any specific investment strategy. This information neither is, nor should be construed, as an offer, or a solicitation of an offer, or a recommendation, to buy, sell, or hold any security, financial product or instrument or to open a particular account or engage in any specific investment strategy.\n\nSecurities products and investment advisory services offered by Morgan Stanley Smith Barney LLC, Member [**SIPC**](http:\/\/www.sipc.org\/) and a Registered Investment Adviser. Commodity futures and options on futures products and services offered by E\\*TRADE Futures LLC, Member [**NFA**](http:\/\/www.nfa.futures.org\/). Stock plan administration solutions and services offered by E\\*TRADE Financial Corporate Services, Inc., and are a part of Morgan Stanley at Work. Banking products and services provided by Morgan Stanley Private Bank, National Association, Member [**FDIC**](https:\/\/us.etrade.com\/e\/t\/estation\/help?id=1600000001). All entities are separate but affiliated subsidiaries of Morgan Stanley. E\\*TRADE from Morgan Stanley and Morgan Stanley at Work are registered trademarks of Morgan Stanley.\n\n**System response and account access times may vary due to a variety of factors, including trading volumes, market conditions, system performance, and other factors.**\n\nFor information on the **E\\*TRADE Customer Protection Guarantee** visit the [**Security Center**](https:\/\/us.etrade.com\/security-center).\n\n[**Statement of Financial Condition**](https:\/\/www.morganstanley.com\/about-us-ir\/subsidiaries) \\| [**About Asset Protection**](https:\/\/us.etrade.com\/l\/f\/asset-protection) \\| [**Account Agreements and Disclosures**](https:\/\/us.etrade.com\/l\/f\/agreement-library#tab_0) \\| [**Quarterly 606 Report**](https:\/\/us.etrade.com\/l\/quarterly-order-routing-report) \\| [**Business Resiliency Plan**](https:\/\/us.etrade.com\/l\/f\/disclosure-library\/business-resiliency-plan)\n\n©currentYear E\\*TRADE from Morgan Stanley. All rights reserved. [**Copyright Policy**](https:\/\/us.etrade.com\/l\/copyright-policy)\n***\n\n252w401m5-14w401m5","attrs_readable_markdown":"Along with stocks and mutual funds, ETFs are a popular type of investment. They can offer diversification, and can be cost effective, among other potential benefits. But what exactly is an ETF?\n\n*ETF* stands for exchange-traded fund. Like a mutual fund, an ETF can invest in a variety, or “basket”, of securities such as stocks or bonds. Also like a mutual fund, an ETF is professionally managed. On the other hand, an ETF is more like a stock in one important way: it can be bought and sold during market hours throughout the day.\n\nMost ETFs are designed to track, or try to match, the performance of a market index, less the fund’s fees. There are numerous market indices of all kinds; they might track mid-sized companies, international stocks, investment grade bonds or even themes like artificial intelligence or sustainable investing. You can find one or more ETFs that try to match the returns of almost all of these indices.\n\nWhy invest in ETFs?\n\nThere are three main reasons to consider ETFs.\n\n1. **Diversification**. Because an ETF can invest in dozens or even hundreds of different securities, it can be inherently diversified. This may reduce risk compared to putting your money in a single stock or bond. With just one ETF, you can also gain a diversified position across a specific investment theme—large-cap stocks, investment grade bonds, or an industry sector like healthcare, for example. With only a few ETFs, you can build a diversified portfolio.\n2. **Value**. ETFs can have low fees. Plus, at E\\*TRADE from Morgan Stanley you pay zero commissions on ETF trades. Finally, because of the way ETFs work, they are often more tax-efficient than mutual funds.\n3. **Transparency**. With many ETFs, you can know what you own.\n\nAnd remember, since you can buy or sell ETFs any time the market is open, they may allow you to act quickly on an investing idea.\n\nKeep in mind, however:\n\nThe price of an ETF share is determined by the market as opposed to the value of the assets held by the ETF. This impacts the liquidity of an ETF’s shares. If few market participants want to buy or sell a particular ETF – *i.e.*, it is “thinly traded” – an investor may have to accept a lower price if they desire to sell their ETF shares in the short-term. This risk may be exacerbated during times of market stress if the trading volume for an ETF decreases, if more participants desire to sell rather than buy an ETF’s shares or for other reasons. Any of these reasons may lead to an investor selling their shares at a “discount” to what the ETF’s underlying holdings are actually worth.\n\nHow can E\\*TRADE help?\n\nWhat to read next...\n\n[Stocks vs. ETFs: Which is right for you?](https:\/\/us.etrade.com\/knowledge\/library\/etfs\/stocks-vs-etfs)\n\nUnderstanding the similarities and differences between stocks and exchange-traded funds (ETFs) is the first step in deciding how they may fit your investment goals. But first, let’s be clear about what stocks and ETFs are.\n***\n\n[How to choose mutual funds](https:\/\/us.etrade.com\/knowledge\/library\/mutual-funds\/why-choose-mutual-funds)\n\nMutual funds can offer a simple and safer way to invest, but how do you choose amongst a multitude of options? Learn more about the various types and how their diversity can benefit your portfolio.\n***\n\nLooking to expand your financial knowledge?","meta_canonical":null}

3. Robots.txt Check

Query:

Response:

4. Spam/Ban Check

Query:

Response:

5. Seen Status Check

ℹ️ Skipped - page is already crawled

📄

INDEXABLE

✅

CRAWLED

2 days ago

🤖

ROBOTS ALLOWED

Page Info Filters

Filter	Status	Condition	Details
HTTP status	PASS	`download_http_code = 200`	HTTP 200
Age cutoff	PASS	`download_stamp > now() - 6 MONTH`	0.1 months ago
History drop	PASS	`isNull(history_drop_reason)`	No drop reason
Spam/ban	PASS	`fh_dont_index != 1 AND ml_spam_score = 0`	ml_spam_score=0
Canonical	PASS	`meta_canonical IS NULL OR = '' OR = src_unparsed`	Not set

Page Details

Property	Value
URL	https://us.etrade.com/knowledge/library/etfs/what-is-an-etf
Last Crawled	2026-04-10 19:29:34 (2 days ago)
First Indexed	2020-12-11 13:51:33 (5 years ago)
HTTP Status Code	200
Meta Title	What is an ETF? \| E*TRADE
Meta Description	Learn about exchange-traded funds and the investment benefits of them. Discover the three main reasons why you should invest in exchange-traded funds.
Meta Canonical	null
Boilerpipe Text	Along with stocks and mutual funds, ETFs are a popular type of investment. They can offer diversification, and can be cost effective, among other potential benefits. But what exactly is an ETF? ETF stands for exchange-traded fund. Like a mutual fund, an ETF can invest in a variety, or “basket”, of securities such as stocks or bonds. Also like a mutual fund, an ETF is professionally managed. On the other hand, an ETF is more like a stock in one important way: it can be bought and sold during market hours throughout the day. Most ETFs are designed to track, or try to match, the performance of a market index, less the fund’s fees. There are numerous market indices of all kinds; they might track mid-sized companies, international stocks, investment grade bonds or even themes like artificial intelligence or sustainable investing. You can find one or more ETFs that try to match the returns of almost all of these indices. Why invest in ETFs? There are three main reasons to consider ETFs. Diversification . Because an ETF can invest in dozens or even hundreds of different securities, it can be inherently diversified. This may reduce risk compared to putting your money in a single stock or bond. With just one ETF, you can also gain a diversified position across a specific investment theme—large-cap stocks, investment grade bonds, or an industry sector like healthcare, for example. With only a few ETFs, you can build a diversified portfolio. Value . ETFs can have low fees. Plus, at ETRADE from Morgan Stanley you pay zero commissions on ETF trades. Finally, because of the way ETFs work, they are often more tax-efficient than mutual funds. Transparency . With many ETFs, you can know what you own. And remember, since you can buy or sell ETFs any time the market is open, they may allow you to act quickly on an investing idea. Keep in mind, however: The price of an ETF share is determined by the market as opposed to the value of the assets held by the ETF. This impacts the liquidity of an ETF’s shares. If few market participants want to buy or sell a particular ETF – i.e. , it is “thinly traded” – an investor may have to accept a lower price if they desire to sell their ETF shares in the short-term. This risk may be exacerbated during times of market stress if the trading volume for an ETF decreases, if more participants desire to sell rather than buy an ETF’s shares or for other reasons. Any of these reasons may lead to an investor selling their shares at a “discount” to what the ETF’s underlying holdings are actually worth. How can ETRADE help? What to read next... Stocks vs. ETFs: Which is right for you? Understanding the similarities and differences between stocks and exchange-traded funds (ETFs) is the first step in deciding how they may fit your investment goals. But first, let’s be clear about what stocks and ETFs are. How to choose mutual funds Mutual funds can offer a simple and safer way to invest, but how do you choose amongst a multitude of options? Learn more about the various types and how their diversity can benefit your portfolio. Looking to expand your financial knowledge?
Markdown	[Skip to content](https://us.etrade.com/knowledge/library/etfs/what-is-an-etf#page-content) [Log on](https://us.etrade.com/etx/pxy/login) [View Stock Plans](https://us.etrade.com/stock-plans) Customer Service & Support keyboard\_arrow\_down Customer Service & Support [Contact Us](https://us.etrade.com/contact-us) [FAQs](https://us.etrade.com/frequently-asked-questions/most-popular) [Forms and Applications](https://us.etrade.com/forms-applications) [![](https://cdn2.etrade.net/1/26022716140.0/aempros/content/dam/etrade/retail/en_US/images/global/logos/etrade-from-morgan-stanley-logo-light-theme.svg)](https://us.etrade.com/home) - Trading & Investing keyboard\_arrow\_down [Accounts](https://us.etrade.com/what-we-offer/our-accounts) Find an account type for virtually every financial goal. [Brokerage](https://us.etrade.com/what-we-offer/our-accounts/brokerage-account) [Banking](https://us.etrade.com/bank) [Retirement](https://us.etrade.com/what-we-offer/our-accounts/retirement) [More Accounts arrow\_forward](https://us.etrade.com/what-we-offer/our-accounts) [Platforms](https://us.etrade.com/platforms) Discover powerful platforms that adapt to how you trade. [E\TRADE Platform For aspiring and experienced investors](https://us.etrade.com/platforms#etrade) [Power E\TRADE Platform For active and advanced traders](https://us.etrade.com/platforms#power-etrade) [Demos](https://us.etrade.com/knowledge/library/platform-demos) [Products](https://us.etrade.com/what-we-offer/investment-choices) [Stocks](https://us.etrade.com/what-we-offer/investment-choices/stocks) [Options](https://us.etrade.com/what-we-offer/investment-choices/options) [Mutual Funds](https://us.etrade.com/what-we-offer/investment-choices/mutual-funds) [ETFs](https://us.etrade.com/what-we-offer/investment-choices/etfs) [Futures](https://us.etrade.com/what-we-offer/investment-choices/futures) [Bonds](https://us.etrade.com/what-we-offer/investment-choices/bonds) [Cryptocurrency](https://us.etrade.com/what-we-offer/investment-choices/cryptocurrency) ![](https://cdn2.etrade.net/1/26022716080.0/aempros/content/dam/etrade/retail/en_US/images/navigation/nav-card-thumbnail-brokerage-offer.jpeg) ### Get up to \$1,500 for a limited time Open and fund a new brokerage account with a qualifying deposit by 06/30/26. Terms apply. Use promo code: OFFER26 [Learn how](https://us.etrade.com/promo/brokerage) - Banking keyboard\_arrow\_down [Banking](https://us.etrade.com/bank) Make the most of your cash with fully integrated bank accounts from Morgan Stanley Private Bank, National Association, Member FDIC. [Premium Savings Account](https://us.etrade.com/bank/premium-savings-account) [Max-Rate Checking](https://us.etrade.com/bank/max-rate-checking) [Checking](https://us.etrade.com/bank/checking) [Certificates of Deposit (CDs)](https://us.etrade.com/bank/certificate-of-deposit) [Line of Credit](https://us.etrade.com/bank/line-of-credit) ![](https://cdn2.etrade.net/1/26022716080.0/aempros/content/dam/etrade/retail/en_US/images/navigation/nav-card-thumbnail-savings-offer.jpeg) ### Earn a boosted 4.00% APY for six months Open and fund a Premium Savings Account with qualifying deposits by 5/20/2026. Terms apply. [Learn how](https://us.etrade.com/bank/premium-savings-account) - Planning & Advice keyboard\_arrow\_down [Planning](https://us.etrade.com/planning) Discover resources to help you prepare for life’s biggest moments. [Tools Calculate, estimate, and build your strategy](https://us.etrade.com/planning#tools) [Education Knowledge to help guide your decisions](https://us.etrade.com/planning#education) [Advice](https://us.etrade.com/l/advice) Choose from a range of solutions based on your financial needs and preferences. [Automated Investing Digital technology builds and manages your portfolio](https://us.etrade.com/what-we-offer/our-accounts/core-portfolios) [Morgan Stanley Financial Advisors One-on-one guidance for your financial goals](https://us.etrade.com/l/advice#msfa) ![](https://cdn2.etrade.net/1/26022716080.0/aempros/content/dam/etrade/retail/en_US/images/navigation/nav-card-thumbnail-wsidwmm-podcast.jpg) ### What Should I Do With My Money? A podcast where real people get real answers from Financial Advisors to their most important questions about money. [Listen now](https://www.morganstanley.com/ideas/what-should-I-do-with-my-money-podcast) - Why E\TRADE keyboard\_arrow\_down* [What Sets Us Apart](https://us.etrade.com/why-etrade) Learn what makes E\TRADE from Morgan Stanley stand out from the crowd. [Our Story](https://us.etrade.com/why-etrade#our-story) [Who We Serve](https://us.etrade.com/why-etrade#who-we-serve) [Awards and Recognition](https://us.etrade.com/l/awards-recognition) [Education Deepen your knowledge of trading, investing, retirement planning, and more.](https://us.etrade.com/knowledge/knowledge-center) ![](https://cdn2.etrade.net/1/26022716080.0/aempros/content/dam/etrade/retail/en_US/images/navigation/nav-card-thumbnail-research-insights-morgan-stanley.jpeg) ### Expert research and insights from Morgan Stanley Real-time market news, analyst reports, and exclusive Morgan Stanley research to guide your investment strategy. [View library](https://us.etrade.com/knowledge/library/morgan-stanley) - [Pricing](https://us.etrade.com/what-we-offer/pricing-and-rates) [Log on](https://us.etrade.com/etx/pxy/login) [View Stock Plans](https://us.etrade.com/stock-plans) search* Search Search by Symbol/Keyword Close search close search [Open an account](https://express.etrade.com/etx/rtao/ma/account-category) [![E\TRADE from Morgan Stanley](https://cdn2.etrade.net/1/26022716140.0/aempros/content/dam/etrade/retail/en_US/images/global/logos/etrade-from-morgan-stanley-logo-light-theme.svg)](https://us.etrade.com/home) [Log on](https://us.etrade.com/etx/pxy/login) [View Stock Plans](https://us.etrade.com/stock-plans) Open search search* Search by Symbol/Keyword search Close search close - Trading & Investing keyboard\_arrow\_leftBack - [Accounts arrow\_forward](https://us.etrade.com/what-we-offer/our-accounts) [Brokerage](https://us.etrade.com/what-we-offer/our-accounts/brokerage-account) [Banking](https://us.etrade.com/bank) [Retirement](https://us.etrade.com/what-we-offer/our-accounts/retirement) [More Accounts arrow\_forward](https://us.etrade.com/what-we-offer/our-accounts) [Platforms arrow\_forward](https://us.etrade.com/platforms) [E\TRADE Platform](https://us.etrade.com/platforms#etrade) [Power E\TRADE Platform](https://us.etrade.com/platforms#power-etrade) [Demos](https://us.etrade.com/knowledge/library/platform-demos) [Products arrow\_forward](https://us.etrade.com/what-we-offer/investment-choices) [Stocks](https://us.etrade.com/what-we-offer/investment-choices/stocks) [Options](https://us.etrade.com/what-we-offer/investment-choices/options) [Mutual Funds](https://us.etrade.com/what-we-offer/investment-choices/mutual-funds) [ETFs](https://us.etrade.com/what-we-offer/investment-choices/etfs) [Futures](https://us.etrade.com/what-we-offer/investment-choices/futures) [Bonds](https://us.etrade.com/what-we-offer/investment-choices/bonds) [Cryptocurrency](https://us.etrade.com/what-we-offer/investment-choices/cryptocurrency) - Banking keyboard\_arrow\_leftBack - [Banking arrow\_forward](https://us.etrade.com/bank) [Premium Savings Account](https://us.etrade.com/bank/premium-savings-account) [Max-Rate Checking](https://us.etrade.com/bank/max-rate-checking) [Checking](https://us.etrade.com/bank/checking) [Certificates of Deposit (CDs)](https://us.etrade.com/bank/certificate-of-deposit) [Line of Credit](https://us.etrade.com/bank/line-of-credit) - Planning & Advice keyboard\_arrow\_leftBack - [Planning arrow\_forward](https://us.etrade.com/planning) [Tools](https://us.etrade.com/planning#tools) [Education](https://us.etrade.com/planning#education) [Advice arrow\_forward](https://us.etrade.com/l/advice) [Automated Investing](https://us.etrade.com/what-we-offer/our-accounts/core-portfolios) [Morgan Stanley Financial Advisors](https://us.etrade.com/l/advice#msfa) - Why E\TRADE keyboard\_arrow\_leftBack - [What Sets Us Apart arrow\_forward](https://us.etrade.com/why-etrade) [Our Story](https://us.etrade.com/why-etrade#our-story) [Who We Serve](https://us.etrade.com/why-etrade#who-we-serve) [Awards and Recognition](https://us.etrade.com/l/awards-recognition) [Education](https://us.etrade.com/knowledge/knowledge-center) - [Pricing](https://us.etrade.com/what-we-offer/pricing-and-rates) - Customer Service & Support keyboard\_arrow\_leftBack - Customer Service & Support [Contact Us](https://us.etrade.com/contact-us) [FAQs](https://us.etrade.com/frequently-asked-questions/most-popular) [Forms and Applications](https://us.etrade.com/forms-applications) [Open an account](https://express.etrade.com/etx/rtao/ma/account-category) What is an ETF? # What is an ETF? E\TRADE from Morgan Stanley 12/07/20 ### Along with stocks and mutual funds, ETFs are a popular type of investment. They can offer diversification, and can be cost effective, among other potential benefits. But what exactly is an ETF? ETF stands for exchange-traded fund. Like a mutual fund, an ETF can invest in a variety, or “basket”, of securities such as stocks or bonds. Also like a mutual fund, an ETF is professionally managed. On the other hand, an ETF is more like a stock in one important way: it can be bought and sold during market hours throughout the day. Most ETFs are designed to track, or try to match, the performance of a market index, less the fund’s fees. There are numerous market indices of all kinds; they might track mid-sized companies, international stocks, investment grade bonds or even themes like artificial intelligence or sustainable investing. You can find one or more ETFs that try to match the returns of almost all of these indices. ### Why invest in ETFs? There are three main reasons to consider ETFs. 1. Diversification. Because an ETF can invest in dozens or even hundreds of different securities, it can be inherently diversified. This may reduce risk compared to putting your money in a single stock or bond. With just one ETF, you can also gain a diversified position across a specific investment theme—large-cap stocks, investment grade bonds, or an industry sector like healthcare, for example. With only a few ETFs, you can build a diversified portfolio. 2. Value. ETFs can have low fees. Plus, at E\TRADE from Morgan Stanley you pay zero commissions on ETF trades. Finally, because of the way ETFs work, they are often more tax-efficient than mutual funds. 3. Transparency. With many ETFs, you can know what you own. And remember, since you can buy or sell ETFs any time the market is open, they may allow you to act quickly on an investing idea. ### Keep in mind, however: The price of an ETF share is determined by the market as opposed to the value of the assets held by the ETF. This impacts the liquidity of an ETF’s shares. If few market participants want to buy or sell a particular ETF – i.e., it is “thinly traded” – an investor may have to accept a lower price if they desire to sell their ETF shares in the short-term. This risk may be exacerbated during times of market stress if the trading volume for an ETF decreases, if more participants desire to sell rather than buy an ETF’s shares or for other reasons. Any of these reasons may lead to an investor selling their shares at a “discount” to what the ETF’s underlying holdings are actually worth. ### How can E\TRADE help? [Prebuilt Portfolios Select your risk tolerance and easily invest in diversified, professionally selected portfolios of mutual funds or exchange-traded funds (ETFs). And you pay no trading commissions although fund fees and expenses still apply. Get started with as little as \$500 (mutual funds) or \$2,500 (ETFs). Learn more arrow\_forward](https://us.etrade.com/what-we-offer/investment-choices/prebuilt-portfolios) [Thematic Investing Find ETFs that align with your values or with social, economic, and technology trends. Learn more arrow\_forward](https://us.etrade.com/knowledge/thematic-investing) [Core Portfolios With Core Portfolios, we'll build, manage, and rebalance a diversified ETF portfolio for you. And we can help you invest in socially responsible companies too. Learn more arrow\_forward](https://us.etrade.com/what-we-offer/our-accounts/core-portfolios) [Choice ETFs Choose from a list of exchange-traded funds, selected by Morgan Stanley Smith Barney, LLC. Learn more arrow\_forward](https://www.etrade.wallst.com/v1/fundresearch/allstarfunds/all_star_fund_results.asp?selectedAllstarCategory=domestic_large&allstarType=etf&results_view=performance&sortBy=ETDWETradeFundName&c=ETDWETradeAllStarGroup:LIKE:Large%20Cap;ETDWCategorySymbol:LIKE:LB:LIKE:LG:LIKE:LV;ETDWETradeAllStarListFlag:EQU:1;) ### What to read next... ### [ETFs vs. mutual funds: Understand the difference](https://us.etrade.com/knowledge/library/etfs/etfs-vs-mutual-funds) Learn about the similarities and differences between exchange-traded funds and mutual funds. Let E\TRADE help you figure out which funds are right for you. ### [Stocks vs. ETFs: Which is right for you?](https://us.etrade.com/knowledge/library/etfs/stocks-vs-etfs) Understanding the similarities and differences between stocks and exchange-traded funds (ETFs) is the first step in deciding how they may fit your investment goals. But first, let’s be clear about what stocks and ETFs are. * ### [How to choose mutual funds](https://us.etrade.com/knowledge/library/mutual-funds/why-choose-mutual-funds) Mutual funds can offer a simple and safer way to invest, but how do you choose amongst a multitude of options? Learn more about the various types and how their diversity can benefit your portfolio. *** ## Looking to expand your financial knowledge? [Explore our library arrow\_forward](https://us.etrade.com/knowledge/library/getting-started) ## ETRADE Footer #### About Us  - [Company Overview](https://www.morganstanley.com/?icid=etrade_globalfooterdefault_companyoverview) - [Awards & Recognition](https://us.etrade.com/l/awards-recognition?icid=etrade_globalfooterdefault_awards) - [Investor Relations](https://www.morganstanley.com/about-us-ir?icid=etrade_globalfooterdefault_investorrelations) - [Newsroom](https://www.morganstanley.com/about-us-newsroom#-536583991-tab) - [Careers](https://www.morganstanley.com/people?icid=etrade_globalfooterdefault_careers) - [Accessibility at E\TRADE](https://us.etrade.com/accessibility?icid=etrade_globalfooterdefault_accessibility) - [Privacy & Cookies](https://www.morganstanley.com/privacy-pledge?icid=etrade_globalfooterdefault_privacy) - [Your Privacy Choices ![Your Privacy Choices](https://cdn2.etrade.net/1/23053017320.0/aempros/content/dam/etrade/retail/en_US/images/global/icons/etprivacyoptions123x59.png)]() #### Service*  - [Contact Us](https://us.etrade.com/contact-us?icid=etrade_globalfooterdefault_contactus) - [FAQs](https://us.etrade.com/frequently-asked-questions/most-popular?icid=etrade_globalfooterdefault_faqs) - [Forms and Applications](https://us.etrade.com/forms-applications?icid=etrade_globalfooterdefault_forms) #### Quick Links  - [Open An Account](https://us.etrade.com/what-we-offer/our-accounts?icid=etrade_globalfooterdefault_openaccount) - [Fund My Account](https://us.etrade.com/what-we-offer/our-accounts/fund-my-account?icid=etrade_globalfooterdefault_fundaccount) - [Cash Management](https://us.etrade.com/l/cash-management?icid=etrade_globalfooterdefault_cashmanagement) - [Find a Financial Advisor](https://advisor.morganstanley.com/search?icid=etrade_globalfooterdefault_findfinancialadvisor) - [Stock Plans](https://us.etrade.com/stock-plans?icid=etrade_globalfooterdefault_stockplans) - [Executive Services](https://us.etrade.com/l/executive-services?icid=etrade_globalfooterdefault_executiveservices) - [Security Center](https://us.etrade.com/security-center?icid=etrade_globalfooterdefault_securitycenter) - [Site Map](https://us.etrade.com/sitemap?icid=etrade_globalfooterdefault_sitemap) #### Connect with us [phone 800-387-2331](Tel:18003872331) - [![twitter](https://cdn2.etrade.net/1/25051518240.0/aempros/content/dam/etrade/retail/en_US/images/global/icons/twitterxfooter.svg)](https://twitter.com/etrade) * #### Please read all the important disclosures below. Investing: Check the background of Morgan Stanley Smith Barney LLC on [FINRA's BrokerCheck](https://brokercheck.finra.org/) and see the Morgan Stanley Smith Barney LLC [Relationship Summary](https://www.morganstanleyclientserv.com/publiccontent/msoc/pdf/ClientRelationshipSummary.pdf). \| \| \|---\| \| Investment Products • Not FDIC Insured • No Bank Guarantee • May Lose Value \| ![SiPC logo](https://cdn2.etrade.net/1/24082718520.0/aempros/content/dam/etrade/retail/en_US/images/global/footer/disclaimer-logo-sipc-member.svg) * Banking: Banking products and services are provided by Morgan Stanley Private Bank, National Association, Member [FDIC](https://us.etrade.com/e/t/estation/help?id=1600000001). \| \| \|---\| \| Banking Products • FDIC Insured • Bank Guarantee \| ![FDIC Insured - Backed by the full faith and credit of the U.S. Government](https://cdn2.etrade.net/1/24082619370.0/aempros/content/dam/etrade/retail/en_US/images/global/footer/fdic-digital-sign-desktop.svg) ![Equal housing lender logo](https://cdn2.etrade.net/1/24101721230.0/aempros/content/dam/etrade/retail/en_US/images/global/footer/equal-housing-lender-logo.png) Equal Housing Lender * The E\TRADE ETF and Mutual Fund Screeners are not a recommendation by Morgan Stanley Smith Barney LLC or its affiliates to buy, sell or hold any security, financial product or instrument, nor is it an endorsement of any specific security, company, fund family, product, or service.* An Exchange-Traded Fund’s (“ETF”) prospectus contains its investment objectives, risks, charges, expenses, and other important information, and should be read and carefully considered before investing. For a current prospectus, visit the Exchange-Traded Funds Center at [www.etrade.com/etf](https://us.etrade.com/e/t/invest/prospectus?vanity=etf). ETFs are subject to risks similar to those of other diversified investments. Investing in ETFs involves risk, including the possible loss of principal. Although ETFs are designed to provide investment results that generally correspond to the performance of their respective underlying indices, they may not be able to exactly replicate the performance of the indices because of expenses and other factors. ETF shares cannot be redeemed directly from the ETF. ETFs are required to distribute portfolio gains to shareholders at year-end, which may be generated by portfolio rebalancing or the need to meet diversification requirements. ETF trading may also have tax consequences. An ETF’s expense ratio is the annual operating expense charged to investors. Unless stated otherwise, the web content provided by E\TRADE is for educational purposes only. The information and tools provided neither are, nor should be construed as, an offer, or a solicitation of an offer, or a recommendation, to buy or sell securities or other instruments by E\TRADE. Unless stated otherwise, no information presented constitutes a recommendation by E\TRADE to buy, sell, or hold any security, financial product, or instrument discussed therein, or to open a particular account or to engage in any specific investment strategy. This information neither is, nor should be construed, as an offer, or a solicitation of an offer, or a recommendation, to buy, sell, or hold any security, financial product or instrument or to open a particular account or engage in any specific investment strategy. Securities products and investment advisory services offered by Morgan Stanley Smith Barney LLC, Member [SIPC](http://www.sipc.org/) and a Registered Investment Adviser. Commodity futures and options on futures products and services offered by E\TRADE Futures LLC, Member [NFA](http://www.nfa.futures.org/). Stock plan administration solutions and services offered by E\TRADE Financial Corporate Services, Inc., and are a part of Morgan Stanley at Work. Banking products and services provided by Morgan Stanley Private Bank, National Association, Member [FDIC](https://us.etrade.com/e/t/estation/help?id=1600000001). All entities are separate but affiliated subsidiaries of Morgan Stanley. E\TRADE from Morgan Stanley and Morgan Stanley at Work are registered trademarks of Morgan Stanley. System response and account access times may vary due to a variety of factors, including trading volumes, market conditions, system performance, and other factors. For information on the *E\TRADE Customer Protection Guarantee visit the [Security Center](https://us.etrade.com/security-center). [Statement of Financial Condition](https://www.morganstanley.com/about-us-ir/subsidiaries) \\| [About Asset Protection](https://us.etrade.com/l/f/asset-protection) \\| [Account Agreements and Disclosures](https://us.etrade.com/l/f/agreement-library#tab_0) \\| [Quarterly 606 Report](https://us.etrade.com/l/quarterly-order-routing-report) \\| [Business Resiliency Plan*](https://us.etrade.com/l/f/disclosure-library/business-resiliency-plan) ©currentYear E\TRADE from Morgan Stanley. All rights reserved. [Copyright Policy](https://us.etrade.com/l/copyright-policy) *** 252w401m5-14w401m5
Readable Markdown	Along with stocks and mutual funds, ETFs are a popular type of investment. They can offer diversification, and can be cost effective, among other potential benefits. But what exactly is an ETF? ETF stands for exchange-traded fund. Like a mutual fund, an ETF can invest in a variety, or “basket”, of securities such as stocks or bonds. Also like a mutual fund, an ETF is professionally managed. On the other hand, an ETF is more like a stock in one important way: it can be bought and sold during market hours throughout the day. Most ETFs are designed to track, or try to match, the performance of a market index, less the fund’s fees. There are numerous market indices of all kinds; they might track mid-sized companies, international stocks, investment grade bonds or even themes like artificial intelligence or sustainable investing. You can find one or more ETFs that try to match the returns of almost all of these indices. Why invest in ETFs? There are three main reasons to consider ETFs. 1. Diversification. Because an ETF can invest in dozens or even hundreds of different securities, it can be inherently diversified. This may reduce risk compared to putting your money in a single stock or bond. With just one ETF, you can also gain a diversified position across a specific investment theme—large-cap stocks, investment grade bonds, or an industry sector like healthcare, for example. With only a few ETFs, you can build a diversified portfolio. 2. Value. ETFs can have low fees. Plus, at E\TRADE from Morgan Stanley you pay zero commissions on ETF trades. Finally, because of the way ETFs work, they are often more tax-efficient than mutual funds. 3. Transparency. With many ETFs, you can know what you own. And remember, since you can buy or sell ETFs any time the market is open, they may allow you to act quickly on an investing idea. Keep in mind, however: The price of an ETF share is determined by the market as opposed to the value of the assets held by the ETF. This impacts the liquidity of an ETF’s shares. If few market participants want to buy or sell a particular ETF – i.e., it is “thinly traded” – an investor may have to accept a lower price if they desire to sell their ETF shares in the short-term. This risk may be exacerbated during times of market stress if the trading volume for an ETF decreases, if more participants desire to sell rather than buy an ETF’s shares or for other reasons. Any of these reasons may lead to an investor selling their shares at a “discount” to what the ETF’s underlying holdings are actually worth. How can E\TRADE help? What to read next... [Stocks vs. ETFs: Which is right for you?](https://us.etrade.com/knowledge/library/etfs/stocks-vs-etfs) Understanding the similarities and differences between stocks and exchange-traded funds (ETFs) is the first step in deciding how they may fit your investment goals. But first, let’s be clear about what stocks and ETFs are. * [How to choose mutual funds](https://us.etrade.com/knowledge/library/mutual-funds/why-choose-mutual-funds) Mutual funds can offer a simple and safer way to invest, but how do you choose amongst a multitude of options? Learn more about the various types and how their diversity can benefit your portfolio. * Looking to expand your financial knowledge?
Shard	139 (laksa)
Root Hash	15933511626430855539
Unparsed URL	com,etrade!us,/knowledge/library/etfs/what-is-an-etf s443