Selfwealth has uncovered the top 10 most traded exchange-traded funds (ETFs) by its users in FY24.
The online trading platform highlighted the Vanguard Australian Shares Index ETF (VAS) as the winner for highest trades by its members during the 2023–24 financial year.
“Readers who are familiar with our monthly wraps would be unsurprised to see the Vanguard Australian Shares Index ETF at the top of the list for the most traded ETFs, with the fund being a perennial favourite,” the firm described.
Nearly 11,000 unique Selfwealth portfolios traded VAS in FY24, almost double the amount of unique trades in the second highest ETF, Vanguard MSCI Index International Shares ETF (VGS) at 6,000 unique portfolios.
“When analysing the popularity of the top three names, which include VAS, VGS, and the Vanguard Diversified High Growth Index ETF, it is apparent that these funds are clear favourites.”
The top 10 traded ETFs in FY24 are as follows:
- Vanguard Australian Shares Index ETF
- Vanguard MSCI Index International Shares ETF
- Vanguard Diversified High Growth Index ETF
- iShares S&P 500 ETF
- Betashares Nasdaq 100 ETF
- Betashares Australia 200 ETF
- Vanguard US Total Market Shares Index ETF
- Betashares Geared Australian Equity (Hedge Fund) ETF
- Betashares Diversified All Growth ETF
- Vanguard Australian Shares High Yield ETF
Overall trade volume in the top three ETFs, unsurprisingly dominated by Vanguard, exceeded the combined total for the remaining seven products in the top 10 list.
“As further proof regarding the level of concentration in the top ETF trades, the top 10 accounted for 46.9 per cent of all ETF trades in the 12 months ending 30 June 2024.”
Moreover, Selfwealth provided a generational breakdown of trading activity in the past financial year on the platform.
Generation Z demonstrated the greatest relative interest in ETFs of any age group, followed by Millennials. The top three Vanguard ETFs mentioned prior were highly popular among both age groups, Selfwealth observed.
The findings aligned with the ASX Australian Investor Study 2023, which saw 14 per cent of new investors embrace the investment vehicle. Investors who start with ETFs tend to be younger at a median age of 28 and start with smaller portfolios with a median of $46,500.
Meanwhile, Generation X on Selfwealth exhibited the greatest level of engagement in US shares. The VAS ETF still came in the top spot for this cohort.
For Baby Boomers, ETFs were not featured in the top 10 most traded securities. Instead, this cohort focused on ASX-listed blue chip shares over international securities.
