Earlier this week, we introduced our Index Database, a comprehensive collection of all indexes covered by U.S.-listed exchange-traded funds. Today, ETF Database is pleased to announce that we have integrated the Index Database with our free ETF screener to create a unique tool that allows investors to quickly and easily identify ETFs that seek to replicate the performance of a certain benchmark.
For example, selecting the “equity” dropdown box in the screener will then present the option to select from the universe of indexes covered by equity ETFs. Selecting “S&P MidCap 400 Index” will narrow the list of ETFs to two: the SPDR S&P MidCap 400 ETF (MDY) and iShares S&P MidCap 400 Index Fund (IJH). Indexes are also available for all other asset classes: users who select “commodity” as the asset class and then “Dow Jones-UBS Commodity Index Total Return” as the index they are looking to track will narrow the universe to two possible ETFs: DJCI and DJP.
The new and improved screener has a variety of potential uses, and will be particularly helpful for investors and advisors looking to replace traditional actively-managed mutual funds with more cost efficient ETFs. Mapping actively-managed funds benchmarked against a certain index to an ETF that passively tracks the same index is now a relatively simple process with the new ETF screening tool.
The upgrade to our screener marks the third phase of improvements to ETF Database this week. In addition to the launch of the Index Database, we have beefed up our ticker pages to include the name and description of the underlying index, as well as a link to the issuer page for each fund (see EEG as an example).
We’re excited about the upgrade to the ETF screener–we think the new and improved version gives investors another valuable tool for identifying the right ETF for their portfolios. And we’re continuing to work on some more exciting improvements to ETF Database that we’ll be rolling out in coming months. As always, we welcome any feedback on the ETF screener and all of our resources, as well as suggestions for any tools you’re like to see in the future (thanks to all the readers who have already written with suggestions!)
Don’t hesitate to contact me directly with any comments, suggestions, or questions.
Disclosure: No positions at time of writing.