Morningstar

How the Largest US ETFs Performed in November

Vanguard Mid Cap Index Fund led, while Vanguard Total Intl Stock Idx Fund lagged.

Illustration of generic coins and bills floating over graph with the 'ETF' in the center
Securities in This Article
Vanguard Short-Term Bond Index Fund ETF Shares
(BSV)
Dimensional U.S. Equity Market ETF
(DFUS)
Dimensional U.S. Core Equity 2 ETF
(DFAC)
JPMorgan Nasdaq Equity Premium Income ETF
(JEPQ)
Vanguard Intermediate-Term Bond Index Fund ETF Shares
(BIV)

This article mentions funds that have an issuer-initiated rating and/or track a Morningstar Index. For full disclosure information, please refer to the specific funds, which are demarcated with a * symbol, listed below.

Each month, we check how the largest US stock, bond, and active exchange-traded funds have performed. The Morningstar US Market Index rose 6.46% during November and is up 34.38% over the past year. The Morningstar US Core Bond Index rose 1.02% last month and is up 6.77% over the past year.

In the global markets, stocks gained 3.78% during November as measured by the Morningstar Global Markets Index. Bonds rose 0.36% as measured by the Morningstar Global Core Bond Index. Over the past year, global stocks are up 26.08% and global bonds are up 4.43%.

Top US Stock ETF Performers

Out of the 10 largest US stock ETFs, the $174.7 billion Vanguard Mid Cap Index Fund was on top in November, gaining 8.28%. The bottom performer was the $441.7 billion Vanguard Total Intl Stock Idx Fund, which lost 0.24%.

Here’s more about the performance of the largest US stock ETFs.

Vanguard Total Stock Market Index Fund

The Vanguard Total Stock Market Index Fund gained 6.63% in November, outperforming the average fund in the large blend category, which rose 5.96%. The $1.7 trillion fund has gained 34.40% over the past 12 months, while the average fund in its category is up 31.52%. The Vanguard fund, launched in May 2001, has climbed 10.36% over the past three years and 15.15% over the past five.

Vanguard 500 Index Fund

The Vanguard 500 Index Fund gained 5.87% in November, performing roughly in line with the average fund in the large blend category, which rose 5.96%. The $1.3 trillion fund has gained 33.86% over the past 12 months, while the average fund in its category is up 31.52%. The Vanguard fund, launched in September 2010, has climbed 11.39% over the past three years and 15.72% over the past five.

SPDR S&P 500 ETF Trust

The $633.1 billion SPDR S&P 500 ETF Trust rose 5.85% in November. The gain on the fund was roughly in line with the 5.96% gain on the average fund in the large blend category, leaving it in the 53rd percentile for performance. Over the past 12 months, the State Street fund rose 33.71%, while the average fund in its category rose 31.52%. The fund, launched in January 1993, has climbed 11.33% over the past three years and 15.68% over the past five.

iShares Core S&P 500 ETF

In November, the iShares Core S&P 500 ETF rose 5.87%, while the average large blend fund gained 5.96%. The fund placed in the 51st percentile for performance. The $579.4 billion fund has climbed 33.85% over the past 12 months, outperforming the average fund in its category, which rose 31.52%. The iShares fund, launched in May 2000, has climbed 11.41% over the past three years and 15.73% over the past five.

Vanguard Total Intl Stock Idx Fund

The Vanguard Total Intl Stock Idx Fund lost 0.24% in November, falling further than the average fund in the foreign large blend category, which fell 0.03%. The $441.7 billion fund has gained 13.48% over the past 12 months, while the average fund in its category is up 13.11%. The Vanguard fund, launched in January 2011, has climbed 2.94% over the past three years and 5.75% over the past five.

Top US Bond ETF Performers

Out of the 10 largest US bond ETFs, November’s top performer was the $58.9 billion iShares 20+ Year Treasury Bond ETF, which gained 1.88%. At the bottom was the $53.9 billion Vanguard Short-Term Inflation-Protected Securities Index Fund, which gained 0.41%.

Here’s more about the performance of the largest US bond ETFs.

Vanguard Total Bond Market Index Fund

The Vanguard Total Bond Market Index Fund gained 1.04% in November, performing roughly in line with the average fund in the intermediate core bond category, which rose 1.09%. The $338 billion fund has gained 6.85% over the past 12 months, while the average fund in its category is up 7.08%. The Vanguard fund, launched in April 2007, has dropped 1.96% over the past three years and is flat over the past five.

iShares Core US Aggregate Bond ETF

In November, the iShares Core US Aggregate Bond ETF rose 1.13%, while the average intermediate core bond fund gained 1.09%. The fund placed in the 41st percentile for performance. The $120.4 billion fund has climbed 6.94% over the past 12 months, performing roughly in line with the average fund in its category, which rose 7.08%. The iShares fund, launched in September 2003, has dropped 1.92% over the past three years and 0.02% over the past five.

Vanguard Total International Bond Index Fund

The $98.7 billion Vanguard Total International Bond Index Fund rose 1.49% in November. The gain on the fund beat the 1.37% gain on the average fund in the global bond-USD hedged category, leaving it in the 41st percentile for performance. Over the past 12 months, the Vanguard fund rose 7.76%, while the average fund in its category rose 8.10%. The fund, launched in May 2013, has dropped 0.59% over the past three years and gained 0.16% over the past five.

iShares 20+ Year Treasury Bond ETF

The $58.9 billion iShares 20+ Year Treasury Bond ETF rose 1.88% in November. The gain on the fund beat the 1.74% gain on the average fund in the long government category, leaving it in the 45th percentile for performance. Over the past 12 months, the iShares fund rose 6.68%, while the average fund in its category rose 6.79%. The fund, launched in July 2002, has dropped 12.10% over the past three years and 5.42% over the past five.

Vanguard Short-Term Bond Index Fund

The Vanguard Short-Term Bond Index Fund gained 0.44% in November, underperforming the average fund in the short-term bond category, which rose 0.60%. The $58.6 billion fund has gained 5.54% over the past 12 months, while the average fund in its category is up 6.79%. The Vanguard fund, launched in April 2007, has climbed 0.90% over the past three years and 1.33% over the past five.

Top US Active ETF Performers

While passive ETFs have portfolios with holdings that track the performance of an index, active ETFs have managers who decide which investments to own. Like index-tracking ETFs, active ETFs trade on an exchange and are typically lower-cost and more tax-efficient than traditional actively managed mutual funds.

Out of the 10 largest US active ETFs, November’s top performer was the $16.2 billion Avantis US Small Cap Value ETF, which gained 11.21%. The bottom performer was the $28.5 billion JPMorgan Ultra-Short Income ETF, which gained 0.41%.

Here’s more about the performance of the largest US active ETFs.

JPMorgan Equity Premium Income ETF

The JPMorgan Equity Premium Income ETF gained 4.22% in November, underperforming the average fund in the derivative income category, which rose 5.58%. The fund placed in the 61st percentile for performance and lagged its benchmark, the S&P 500 Index, by 1.65 percentage points.

The $37.7 billion fund has gained 19.66% over the past 12 months, while the average fund in its category is up 24.60%. The JPMorgan fund, launched in May 2020, has gained 9.73% over the past three years.

Dimensional US Core Equity 2 ETF

The $33.8 billion Dimensional US Core Equity 2 ETF rose 7.12% in November. The gain on the fund beat the 5.96% gain on the average fund in the large blend category, leaving it in the 12th percentile for performance. The fund beat its benchmark, the Russell 3000 Index, by 0.46 percentage points.

Over the past 12 months, the Dimensional fund rose 33.80%, while the average fund in its category rose 31.52%. The fund, launched in October 2007, has climbed 10.97% over the past three years and 14.67% over the past five.

JPMorgan Ultra-Short Income ETF

In November, the JPMorgan Ultra-Short Income ETF rose 0.41%, while the average ultrashort bond fund gained 0.46%. The fund placed in the 60th percentile for performance and performed roughly in line with its benchmark, the ICE BofA 0-3 Month US Treasury Bill Index.

The $28.5 billion fund has climbed 5.92% over the past 12 months, performing roughly in line with the average fund in its category, which rose 6.10%. The JPMorgan fund, launched in May 2017, has climbed 3.79% over the past three years and 2.78% over the past five.

JPMorgan Nasdaq Equity Premium Income ETF

The JPMorgan Nasdaq Equity Premium Income ETF gained 5.55% in November, performing roughly in line with the average fund in the derivative income category, which rose 5.58%. The fund placed in the 34th percentile for performance and lagged its benchmark, the S&P 500 Index, by 0.32 percentage points.

The $19.6 billion fund has gained 28.04% over the past 12 months, while the average fund in its category is up 24.60%. The fund launched in May 2022.

Fidelity Total Bond ETF

The Fidelity Total Bond ETF gained 1.13% in November, performing roughly in line with the average fund in the intermediate core-plus bond category, which rose 1.10%. The fund placed in the 51st percentile for performance and beat its benchmark, the Bloomberg US Aggregate Bond Index, by 0.07 percentage points.

The $16.8 billion fund has gained 8.09% over the past 12 months, while the average fund in its category is up 7.99%. The Fidelity fund, launched in October 2014, has dropped 1.01% over the past three years and gained 1.21% over the past five.

This article was generated with the help of automation and reviewed by Morningstar editors. Learn more about Morningstar’s use of automation.

The author or authors do not own shares in any securities mentioned in this article. Find out about Morningstar’s editorial policies.

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