100 Highest Non-Leveraged Expense Ratio ETFs

While “plain vanilla” passively-managed ETFs offer expense ratios under 10 basis points, many ETFs that implement more complex investment strategies (such as leveraged investing or hedge fund strategies) charge higher fees. Below are the 100 ETFs with the highest expense ratios in the industry, excluding leveraged and inverse products. Even the ETFs included on this list feature expense ratios below the average for traditional actively-managed mutual funds, which approximates 1.4%. You may also wish to peruse our list of the 100 ETFs with the lowest expense ratios.

To include leveraged and inverse ETFs in this list, click here.

Symbol	Name	Expense Ratio	ETF Database Category
PBDC	Putnam BDC Income ETF	13.49%	Financials Equities
FBDC	FT Confluence BDC & Specialty Finance Income ETF	12.44%	N/A
ORR	Militia Long/Short Equity ETF	10.91%	N/A
VPC	Virtus Private Credit Strategy ETF	10.60%	Small Cap Blend Equities
BIZD	VanEck BDC Income ETF	9.69%	Financials Equities
LBO	WHITEWOLF Publicly Listed Private Equity ETF	6.53%	Financials Equities
KBWD	Invesco KBW High Dividend Yield Financial ETF	5.39%	Financials Equities
RTAI	Rareview Tax Advantaged Income ETF	4.59%	National Munis
TXXS	21Shares 2x Long Sui ETF	4.55%	N/A
HYIN	WisdomTree Private Credit and Alternative Income Fund	4.34%	Diversified Portfolio
CEFS	Saba Closed End Funds ETF	4.29%	Diversified Portfolio
RDFI	Rareview Dynamic Fixed Income ETF	4.23%	Total Bond Market
FCEF	First Trust Income Opportunities ETF	3.69%	Diversified Portfolio
BWET	Breakwave Tanker Shipping ETF	3.50%	Commodities
BDRY	Breakwave Dry Bulk Shipping ETF	3.50%	Commodities
TXXD	21Shares 2x Long Dogecoin ETF	3.36%	N/A
YYY	Amplify CEF High Income ETF	3.23%	Diversified Portfolio
CCEF	Calamos CEF Income & Arbitrage ETF	3.19%	Diversified Portfolio
THYP	21Shares Hyperliquid ETF	3.00%	N/A
PEX	ProShares Global Listed Private Equity ETF	2.95%	Financials Equities
NLSI	NEOS Long/Short Equity Income ETF	2.89%	Long-Short
WEAT	Teucrium Wheat Fund	2.80%	Agricultural Commodities
CANE	Teucrium Sugar Fund	2.80%	Agricultural Commodities
YYYM	Amplify Municipal CEF High Income ETF	2.78%	N/A
XXRP	Teucrium 2x Long Daily XRP ETF	2.77%	N/A
SOYB	Teucrium Soybean Fund	2.73%	Agricultural Commodities
CORN	Teucrium Corn Fund	2.71%	Agricultural Commodities
PCEF	Invesco CEF Income Composite ETF	2.71%	Total Bond Market
EHLS	Even Herd Long Short ETF	2.62%	N/A
SURI	Simplify Propel Opportunities ETF	2.56%	N/A
ETHE	Grayscale Ethereum Staking ETF	2.50%	Currency
BITW	Bitwise 10 Crypto Index ETF	2.50%	Technology Equities
ICAP	Infrastructure Capital Equity Income ETF	2.47%	N/A
SPCK	SPAC and New Issue ETF	2.32%	N/A
LSEQ	Harbor Long-Short Equity ETF	2.28%	N/A
EMPB	Efficient Market Portfolio Plus ETF Trust Units	2.21%	N/A
SNK	GraniteShares 2x Short SpaceX Daily ETF	2.20%	N/A
NDOW	Anydrus Advantage ETF	2.15%	Diversified Portfolio
SLON	ProShares Ultra Solana ETF	2.14%	N/A
NMBL	NovaTide Flexible Allocation ETF	1.99%	N/A
HBTC	Fortuna Hedged Bitcoin ETF	1.97%	N/A
XMPT	VanEck CEF Muni Income ETF	1.97%	Total Bond Market
TFPN	Blueprint Chesapeake Multi-Asset Trend ETF	1.96%	N/A
MKTN	Federated Hermes MDT Market Neutral ETF	1.94%	Hedge Fund
TXXH	21Shares 2x Long HYPE ETF	1.89%	N/A
XBNB	Teucrium xETFs 2x Long Daily BNB ETF	1.89%	N/A
FXED	Sound Enhanced Fixed Income ETF	1.89%	Total Bond Market
CBLS	Clough Hedged Equity ETF	1.89%	Long-Short
SUIL	Volatility Shares 2x Sui ETF	1.85%	N/A
AVAZ	2x Avalanche ETF	1.85%	N/A
STLU	Volatility Shares 2x Stellar ETF	1.85%	N/A
CRDX	Volatility Shares 2x Cardano ETF	1.85%	N/A
CHNU	Volatility Shares 2x Chainlink ETF	1.85%	N/A
RULE	Adaptive Core ETF	1.84%	Diversified Portfolio
XOVR	ERShares Private-Public Crossover ETF	1.81%	High Yield Bonds
THRV	Prospera Income ETF	1.80%	N/A
PSP	Invesco Global Listed Private Equity ETF	1.80%	Global Equities
QTAC	Q3 All-Season Tactical Advantage ETF	1.78%	N/A
GHTA	Goose Hollow Tactical Allocation ETF	1.77%	Hedge Fund
QPX	AdvisorShares Q Dynamic Growth ETF	1.74%	Diversified Portfolio
RDTY	YieldMax R2000 0DTE Covered Strategy ETF	1.73%	N/A
MVPL	Miller Value Partners Leverage ETF	1.72%	N/A
AMZA	InfraCap MLP ETF	1.72%	MLPs
PLYY	GraniteShares YieldBOOST PLTR ETF	1.70%	N/A
HF	DGA Core Plus Absolute Return ETF	1.70%	N/A
NELS	Nelson Select ETF	1.69%	N/A
MARB	First Trust Merger Arbitrage ETF	1.69%	Long-Short
UXRP	ProShares Ultra XRP ETF	1.67%	N/A
AMUB	ETRACS Alerian MLP Index ETN Class B	1.65%	MLPs
MLPB	ETRACS Alerian MLP Infrastructure Index ETN Series B	1.65%	MLPs
WBIF	WBI BullBear Value 3000 ETF	1.65%	Global Equities
FFLS	Future Fund Long/Short ETF	1.60%	N/A
SNAV	Mohr Sector Nav ETF	1.59%	Large Cap Blend Equities
WBIG	WBI BullBear Yield 3000 ETF	1.59%	Global Equities
ILS	Brookmont Catastrophic Bond ETF	1.58%	High Yield Bonds
TTOP	21Shares FTSE Crypto 10 Index ETF	1.57%	N/A
MAMB	Monarch Ambassador Income Index ETF	1.56%	Diversified Portfolio
RMIF	LHA Risk-Managed Income ETF	1.55%	Total Bond Market
MSTQ	LHA Market State Tactical Q ETF	1.55%	Volatility Hedged Equity
WBIL	WBI BullBear Quality 3000 ETF	1.55%	Global Equities
TSII	REX TSLA Growth & Income ETF	1.52%	N/A
CLSE	Convergence Long/Short Equity ETF	1.52%	Long-Short
RHTX	RH Tactical Outlook ETF	1.51%	Diversified Portfolio
SPAL	GraniteShares 2x Long SpaceX Daily ETF	1.50%	N/A
TEUP	T-REX 2X Long TE Daily Target ETF	1.50%	N/A
LITU	T-REX 2X Long LITE Daily Target ETF	1.50%	N/A
ASUP	T-REX 2X Long ASTS Daily Target ETF	1.50%	N/A
AXTU	T-REX 2X Long AXTI Daily Target ETF	1.50%	N/A
SNDU	T-REX 2X Long SNDK Daily Target ETF	1.50%	N/A
PAAU	T-REX 2X Long PAAS Daily Target ETF	1.50%	N/A
APHU	T-REX 2X Long APH Daily Target ETF	1.50%	N/A
FGRU	T-REX 2X Long FIGR Daily Target ETF	1.50%	N/A
RDWU	T-REX 2X Long RDW Daily Target ETF	1.50%	N/A
EOSU	T-REX 2X Long EOSE Daily Target ETF	1.50%	N/A
CIFU	T-REX 2X Long CIFR Daily Target ETF	1.50%	N/A
SBTU	T-REX 2X Long SBET Daily Target ETF	1.50%	N/A
NBIL	GraniteShares 2x Long NBIS Daily ETF	1.50%	N/A
ISUL	GraniteShares 2x Long ISRG Daily ETF	1.50%	N/A
GLXU	T-REX 2X Long GLXY Daily Target ETF	1.50%	N/A
CRCD	T-REX 2X Inverse CRCL Daily Target ETF	1.50%	N/A

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