5 categories, 500 listed.

How the groups are drawn

Funds are grouped by what they hold and how they hold it, not by industry. A gold trust belongs with the other commodity funds even though its filing carries a broker classification, because what it tracks is the metal.

Leveraged and inverse funds are kept in their own groups rather than mixed in with the index funds they track. They reset their exposure daily, so holding one for longer than a day compounds the daily moves and the result drifts from the multiple printed on the label. That is a different instrument from a fund that simply holds the index.

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