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US Total Market and Broad ETFs List
(click on symbol for data and articles)

Total Market ETFs
iShares Russell 3000 Index ETF (NYSEARCA:IWV)
iShares Dow Jones U.S. Total Market Index Fund (NYSEARCA:IYY)
iShares Core S&P Total U.S. Stock Market ETF (NYSEARCA:ITOT)
Guggenheim Wilshire 5000 Total Market Index ETF (NYSEARCA:WFVK)
SPDR DJ Wilshire Total Market ETF (TMW)
Schwab U.S. Broad Market ETF (NYSEARCA:SCHB)
Vanguard Russell 3000 ETF (NASDAQ:VTHR)
Vanguard Total Stock Market ETF (NYSEARCA:VTI)

Leveraged and Short Leveraged Total Market ETFs
ProShares Ultra Russell 3000 (NYSEARCA:UWC)
Direxion Daily Total Market Bear 1X Shares ETF (NYSEARCA:TOTS)
ProShares UltraShort Russell 3000 (NYSEARCA:TWQ)

Broad ETFs Defined by Stock Exchange
iShares NYSE Composite Index Fund (NYSEARCA:NYC)
Fidelity Nasdaq Composite Index Tracking (NASDAQ:ONEQ)

WisdomTree Fundamental ETFs
WisdomTree Total Earnings Fund (NYSEARCA:EXT)

MidCap + Small Cap
Vanguard Extended Market ETF (NYSEARCA:VXF)
Guggenheim Wilshire 4500 Completion Index ETF (NYSEARCA:WXSP)

What Are They?

  • US Total Market and Broad ETFs cover the majority of the US equity market in a single ETF.

Why & How To Use Them

  • Use of one of these ETFs allows a long term investor to cover US equities with a single ETF, perhaps as part of a diversified and rounded portfolio consisting of only 5 or so ETFs. Although the rebalancing opportunities are more limited, simple ETF portfolios are easier to manage.
  • Total market ETFs are less volatile than sector ETFs or other narrow or specialty ETFs, so they tend to be less well suited to short term trading.
  • Total and broad market ETFs tend to be cheap, with low expense ratios and fairly narrow bid-ask spreads.

What to Look Out For

  • If you're looking to build a broad, diversified portfolio, avoid the ETFs defined by stock exchange, such as the NYSE Composite (NYC) and Nasdaq Composite (ONEQ) ETFs.
  • The Vanguard Extended Market ETF (VXF) doesn't cover large cap stocks, so if you want to use a Vanguard ETF to cover all US equities, choose the Vanguard Total Stock Market ETF (VTI) instead.

Further Reading

This page is part of The Seeking Alpha ETF Selector which sorts ETFs by type, highlights how to use them and what to look out for, and provides links to articles that discuss key issues for investors.

Source: A Guide to U.S. Total Market and Broad ETFs