Guide

How to track ETF performance

Tracking an ETF properly means more than watching its price. The number that matters is total return — price change plus reinvested dividends, in your own currency — compared against the index the fund promises to follow. Here are the main ways to do it, what each is good and bad at, and how the most popular funds differ when you track them.

Tools and platforms

Where you trade

Your broker's app

Pros

  • Shows your real position: cost basis, dividends received and total return in your own currency
  • No setup — the funds you own are already there
  • Corporate actions and dividend reinvestment are handled automatically

Cons

  • Only tracks what you hold; comparing against funds you don't own is clunky
  • Benchmark comparisons are usually basic or missing
  • Charts rarely show tracking difference versus the index

Official source

Issuer websites (iShares, Vanguard, Invesco, ProShares…)

Pros

  • The authoritative NAV, holdings, factsheet and KID for each fund
  • First place dividend announcements and index-change notices appear
  • Free, with no account needed

Cons

  • One issuer per site — you can't compare a Vanguard fund against an iShares one in the same view
  • Performance tables update monthly or quarterly, not intraday
  • No portfolio tracking across multiple providers

Everyday monitoring

Free market trackers (Yahoo Finance, Google Finance, TradingView)

Pros

  • Free real-time or near-real-time quotes, charts and watchlists
  • Easy to compare several ETFs on one chart
  • News and basic fund data in the same place

Cons

  • Quoted returns are price returns — dividends are often left out unless you look for a total-return series
  • No knowledge of your actual holdings or cost basis
  • Data on smaller European listings can be delayed or incomplete

Full control

A spreadsheet with a price feed

Pros

  • You define exactly what 'performance' means — total return, currency-hedged, against any benchmark
  • Works offline and survives any platform shutting down
  • Google Sheets' GOOGLEFINANCE function pulls prices automatically

Cons

  • Manual upkeep: splits, ticker changes and delistings break formulas
  • Dividends must be entered by hand to get total return
  • Easy to make quiet errors that compound over years

Serious record-keeping

Portfolio trackers (Sharesight, Portfolio Performance, getquin)

Pros

  • True total return including dividends, fees and currency moves
  • Tax reports and benchmarking against an index built in
  • Import trades from most brokers

Cons

  • The useful tiers are usually paid
  • Setup time — you must import your full trade history for accurate figures
  • Overkill if you hold one or two funds

Pros and cons of the popular index ETFs

The right fund to track depends on what you want it to do. These are the strengths and weaknesses most worth knowing for the biggest index families — find any of them in our ticker search.

SPY / VOO / IVV

S&P 500 trackers

  • Deepest liquidity of any ETF family; spreads are effectively zero
  • Rock-bottom fees (VOO and IVV charge 0.03%)
  • The benchmark most active managers fail to beat
  • Top-heavy: the ten largest companies are roughly a third of the index
  • US-only exposure priced in dollars — non-US investors carry currency risk
  • SPY's higher fee only makes sense for very active traders

QQQ

Nasdaq-100 tracker

  • Concentrated exposure to the largest US growth companies
  • Has outpaced the S&P 500 over most long recent periods
  • Very liquid, with a deep options market
  • Sector concentration: technology and communication services dominate
  • Bigger drawdowns than the S&P 500 in every major sell-off
  • 0.20% fee is several times a plain S&P 500 tracker

VTI / VT

Total-market and world trackers

  • One fund covers the whole US market (VTI) or the whole world (VT)
  • No need to guess which index or region will win
  • Cheap: 0.03% for VTI, 0.07% for VT
  • Still dominated by the same US mega-caps at the top
  • World funds hold thousands of small positions that dilute any single winner
  • Currency exposure across dozens of markets

Leveraged ETFs need closer tracking

Leveraged and inverse products reset their exposure every day, so their long-run returns diverge from a simple multiple of the index — checking in quarterly is not enough. The main products we follow, with issuer and listing details, are on the leveraged ETF hub:

Leveraged and inverse ETFs to track closely
TickerProductIndexDaily leverage
SSOProShares Ultra S&P 500S&P 500+2x
UPROProShares UltraPro S&P 500S&P 500+3x
SPUUDirexion Daily S&P 500 Bull 2X SharesS&P 500+2x
SPXLDirexion Daily S&P 500 Bull 3X SharesS&P 500+3x
SHProShares Short S&P 500S&P 500−1x
SDSProShares UltraShort S&P 500S&P 500−2x
SPXUProShares UltraPro Short S&P 500S&P 500−3x
SPXSDirexion Daily S&P 500 Bear 3X SharesS&P 500−3x
QLDProShares Ultra QQQNasdaq-100+2x
TQQQProShares UltraPro QQQNasdaq-100+3x
PSQProShares Short QQQNasdaq-100−1x
QIDProShares UltraShort QQQNasdaq-100−2x
SQQQProShares UltraPro Short QQQNasdaq-100−3x
LUK2WisdomTree FTSE 100 2x Daily LeveragedFTSE 100+2x
3UKLWisdomTree FTSE 100 3x Daily LeveragedFTSE 100+3x
SUK2WisdomTree FTSE 100 2x Daily ShortFTSE 100−2x
3UKSWisdomTree FTSE 100 3x Daily ShortFTSE 100−3x

The daily reset means these products can lose money even when the index ends the period flat — the hub page walks through a worked example.

Keep going

Fees and product details change — always confirm on the issuer's own factsheet. Nothing here is investment advice.