Choosing the best exchange-traded funds (ETFs) can be daunting, especially when considering the wide variety of funds available in the market. Fortunately, TradingView’s ETF Screener simplifies the process, offering a robust set of tools to narrow down your search.
Whether you’re looking to focus on asset classes, dividends, expense ratios, or specific strategies, the ETF Screener empowers investors to make informed decisions swiftly. In this article, we’ll explore how the ETF Screener works and how you can utilize its features to select the best ETFs for your portfolio.
What Is the ETF Screener?
TradingView’s ETF Screener is a powerful resource for evaluating ETFs and exchange-traded notes (ETNs) using an extensive array of financial, analytical, and technical indicators. This tool allows users to filter ETFs across different asset classes and regions, providing detailed insights into fund inflows, net asset values (NAV), holdings, and additional metrics.
When you open the ETF Screener from TradingView’s main menu, you’ll notice multiple templates with pre-set filters designed to highlight popular ETF categories. You can further customize these filters according to your preferences, making it a versatile tool for both novice and seasoned investors.
Also Read: How to Analyze ETF Data with TradingView’s Screener?
Key Features of TradingView’s ETF Screener
Here is the Key Features of TradingView’s ETF Screener:
1. Popular Templates and Custom Filters
TradingView’s ETF Screener provides users with access to several popular templates that highlight various ETF categories, such as “Largest AUM” (Assets Under Management) or “High Dividend Yield.” These templates are easily customizable, allowing users to add filters based on personal preferences. For instance, you can refine your search by focusing on ETFs with high dividend payouts, low expense ratios, or specific asset classes like equities or commodities.
2. Analytical and Technical Indicators
The ETF Screener offers a comprehensive range of indicators, including fund flows, which display the inflow and outflow of assets over different time periods. Other useful data points include NAV performance, which reflects the value and growth of an ETF’s net assets. Additionally, investors can examine holdings information that details the portfolio structure, including issuer names, regions, and the weightage of specific assets within the fund.
3. Security Info Section
The ETF Screener features a “Security Info” section that offers comprehensive details about the issuer, asset class, ETF category, country of registration, and adherence to UCITS (Undertakings for Collective Investment in Transferable Securities) standards. This information is especially useful for investors seeking region-specific ETFs or funds that meet specific regulatory guidelines.
Also Read: Best ETF Screener Filters For Long-Term Investors
How to Use the ETF Screener to Find the Best ETFs
Here’s a step-by-step guide on how to make the most of TradingView’s ETF Screener:
- Step 1: Accessing the ETF Screener Start by navigating to TradingView’s website and selecting “Screeners” from the main menu. From there, choose “ETF Screener” to begin your search.
- Step 2: Selecting a Template Once inside the screener, you’ll see a list of popular templates. For instance, if you are searching for funds with the “Largest AUM,” simply click on the corresponding filter. This template will automatically display ETFs with significant assets under management.
- Step 3: Adding Custom FiltersTo further refine your search, you can apply custom filters by selecting characteristics such as asset class, expense ratio, and dividend yield. For instance, if you’re looking for equity-based ETFs that pay a dividend of more than 2%, you can apply both the “Equity” and “Dividend Yield” filters.
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Example of Using the ETF Screener
Suppose you’re looking for ETFs that have low expense ratios and are concentrated on the U.S. equity market. Here’s the approach you would take:
- Step 1: Choose “U.S. Market” from the drop-down options.
- Step 2: Add a filter for “Expense Ratio” and set the maximum to 0.20%.
- Step 3: Narrow your focus further by selecting “Equity” under asset classes.
After applying these filters, the ETF Screener will present a list of U.S. equity ETFs with expense ratios below 0.20%. You can now compare these ETFs based on additional factors like dividend yield, historical performance, and fund flows.
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Importance of Expense Ratios and Dividends
Expense ratios are a crucial factor when selecting ETFs. These fees, charged by the fund to cover management and operational expenses, directly impact your returns. TradingView’s ETF Screener allows you to filter ETFs by expense ratio, helping you identify low-cost options that won’t erode your profits over time.
Dividends are another important consideration for many investors. ETFs that offer a consistent and high dividend yield can provide a steady income stream, making them attractive for income-focused investors. With TradingView’s ETF Screener, you can easily filter ETFs based on dividend yields and other payout characteristics.
Analysing ETF Holdings
A fund’s performance and holdings give deeper insights into its overall risk and return potential. With the ETF Screener, you can examine a fund’s top holdings, including the region, sector, and the weight of each asset. This can help you better understand the composition of the ETF and its alignment with your investment strategy.
For instance, if you’re interested in an ETF with significant exposure to technology stocks, you can use the ETF Screener to focus on funds with large allocations in that sector. Additionally, performance metrics like NAV growth and total return are crucial in gauging whether an ETF aligns with your financial goals.
Also Read: How to Create Custom Screens Using TradingView’s Stock Screener?
Chart View for Technical Investors
For those who rely on technical analysis, TradingView’s ETF Screener integrates with chart views, enabling users to analyze price movements over various time frames. By switching to chart mode, you can visually assess the performance of multiple ETFs and apply technical indicators like moving averages, RSI, and more. This is particularly useful for investors who prefer to time their trades based on price patterns and trends.
Conclusion
TradingView’s ETF Screener is an indispensable tool for investors seeking to identify the best ETFs. Its powerful combination of customizable filters, technical indicators, and in-depth analysis tools make it suitable for all types of investors, whether you’re focused on dividends, expense ratios, or sector-specific funds. By using this tool effectively, you can streamline the process of ETF selection and build a well-diversified, high-performing portfolio.
