Segregated Funds

How the Largest ETFs Performed in May

By 
June 4, 2025
5 mins read


Each month, we check in on the performance of the largest US stock, bond, and active exchange-traded funds.

The Morningstar US Market Index rose 6.38% during May and is up 13.28% over the past year. The Morningstar US Core Bond Index fell 0.74% last month and is up 5.44% over the past year.

In the global markets, stocks gained 5.81% during May, as measured by the Morningstar Global Markets Index. Bonds fell 0.47%, as measured by the Morningstar Global Core Bond Index. Over the past year, global stocks are up 13.39% and global bonds are are up 6.73%.

Largest US Stock ETF Performance

Out of the 10 largest US stock ETFs, the top performer last month was the $338.5 billion Invesco QQQ Trust QQQ, which gained 9.11%. The bottom performer was the $183.6 billion Vanguard Value Index Fund VTV, which gained 2.9%.

Here’s more about the performance of the largest stock ETFs.

Vanguard Total Stock Market ETF VTI

The Vanguard Total Stock Market ETF gained 6.34% in May, outperforming the average fund in the large blend category, which rose 5.86%. The $1.7 trillion fund has gained 12.98% over the past year, while the average fund in its category is up 11.24%. The Vanguard fund, launched in May 2001, has climbed 13.73% over the past three years and 15.24% over the past five.

Vanguard 500 Index ETF VOO

The Vanguard 500 Index ETF gained 6.29% in May, outperforming the average fund in the large blend category, which rose 5.86%. The $1.3 trillion fund has gained 13.49% over the past year, while the average fund in its category is up 11.24%. The Vanguard fund, launched in September 2010, has climbed 14.37% over the past three years and 15.90% over the past five.

SPDR S&P 500 ETF Trust SPY

In May, the SPDR S&P 500 ETF Trust rose 6.28%, while the average large blend fund gained 5.86%. The fund placed in the 43rd percentile for performance. The $607 billion fund has climbed 13.41% over the past year, outperforming the average fund in its category, which rose 11.24%. The State Street fund, launched in January 1993, has climbed 14.31% over the past three years and 15.84% over the past five.

iShares Core S&P 500 ETF IVV

The $587.7 billion iShares Core S&P 500 ETF rose 6.29% in May. The gain on the fund beat the 5.86% gain on the average fund in the large blend category, leaving it in the 42nd percentile for performance. Over the past year, the iShares fund rose 13.49%, while the average fund in its category rose 11.24%. The fund, launched in May 2000, has climbed 14.38% over the past three years and 15.91% over the past five.

Vanguard Total International Stock ETF VXUS

The $469.8 billion Vanguard Total International Stock ETF rose 4.65% in May. The gain on the fund was roughly in line with the 4.78% gain on the average fund in the foreign large blend category, leaving it in the 60th percentile for performance. Over the past year, the Vanguard fund rose 12.92%, while the average fund in its category rose 13.05%. The fund, launched in January 2011, has climbed 9.20% over the past three years and 10.41% over the past five.

Largest US Bond ETF Performance

Out of the 10 largest US bond ETFs, the top performer last month was the $47.7 billion iShares 0-3 Month Treasury Bond ETF SGOV, which gained 0.37%. The bottom performer was the $48.7 billion iShares 20+ Year Treasury Bond ETF TLT, which lost 3.11%.

Here’s more about the performance of the largest bond ETFs.

Vanguard Total Bond Market ETF BND

The $352.8 billion Vanguard Total Bond Market ETF fell 0.69% in May. The loss on the fund was worse than the 0.65% loss on the average fund in the intermediate core bond category, leaving it in the 49th percentile for performance. Over the past year, the Vanguard fund rose 5.41%, while the average fund in its category rose 5.43%. The fund, launched in April 2007, has climbed 1.56% over the past three years and lost 0.89% over the past five years.

iShares Core US Aggregate Bond ETF AGG

The iShares Core US Aggregate Bond ETF lost 0.72% in May, falling further than the average fund in the intermediate core bond category, which fell 0.65%. The $124 billion fund has gained 5.45% over the past year, while the average fund in its category is up 5.43%. The iShares fund, launched in September 2003, has climbed 1.49% over the past three years and lost 0.91% over the past five years.

Vanguard Total International Bond ETF BNDX

The Vanguard Total International Bond ETF was flat in May, outperforming the average fund in the global bond-USD hedged category, which was unchanged. The $102.9 billion fund has gained 6.40% over the past year, while the average fund in its category is up 6.09%. The Vanguard fund, launched in May 2013, has climbed 2.86% over the past three years and 0.04% over the past five.

Vanguard Short-Term Bond ETF BSV

The $64.4 billion Vanguard Short-Term Bond ETF fell 0.23% in May. The loss on the fund was worse than the 0.14% gain on the average fund in the short-term bond category, leaving it in the 92nd percentile for performance. Over the past year, the Vanguard fund rose 6.25%, while the average fund in its category rose 6.21%. The fund, launched in April 2007, has climbed 3.13% over the past three years and 1.09% over the past five.

Vanguard Short-Term Inflation-Protected Securities ETF VTIP

The Vanguard Short-Term Inflation-Protected Securities ETF lost 0.36% in May, falling further than the average fund in the short-term inflation-protected bond category, which fell 0.34%. The $58.5 billion fund has gained 6.60% over the past year, while the average fund in its category is up 6.61%. The Vanguard fund, launched in October 2012, has climbed 3.27% over the past three years and 3.79% over the past five.

Largest US Active ETF Performance

While passive ETFs track indexes, active ETFs have managers who decide which investments to own. Like index-tracking ETFs, active ETFs trade on an exchange and are typically lower-cost and more tax-efficient than traditional actively managed mutual funds.

Out of the 10 largest US active ETFs, the top performer last month was the $17.7 billion iShares US Equity Factor Rotation Active ETF DYNF, which gained 7.03%. The bottom performer was the $18.6 billion Fidelity Total Bond ETF FBND, which lost 0.44%.

Here’s more about the performance of the largest active ETFs.

JPMorgan Equity Premium Income ETF JEPI

In May, the JPMorgan Equity Premium Income ETF rose 1.74%, while the average derivative income fund gained 5.26%. The fund placed in the 76th percentile for performance and lagged its benchmark, the S&P 500 Index, by 4.55 percentage points.

The $39.8 billion fund has climbed 6.74% over the past year, underperforming the average fund in its category, which rose 8.99%. The JPMorgan fund, launched in May 2020, has climbed 8.00% over the past three years and 10.94% over the past five.

Dimensional US Core Equity 2 ETF DFAC

The $33.3 billion Dimensional US Core Equity 2 ETF rose 6.04% in May. The gain on the fund was roughly in line with the 5.86% gain on the average fund in the large blend category, leaving it in the 57th percentile for performance. The fund performed roughly in line with its benchmark, the Russell 3000 Index.

Over the past year, the Dimensional fund rose 8.79%, while the average fund in its category rose 11.24%. The fund, launched in October 2007, has climbed 11.56% over the past three years and 15.30% over the past five.

JPMorgan Ultra-Short Income ETF JPST

In May, the JPMorgan Ultra-Short Income ETF rose 0.30%, while the average ultrashort bond fund gained 0.43%. The fund placed in the 82nd percentile for performance and lagged its benchmark, the ICE BofA 0-3 Month US Treasury Bill Index, by 0.07 percentage points.

The $31.1 billion fund has climbed 5.33% over the past year, performing roughly in line with the average fund in its category, which rose 5.27%. The JPMorgan fund, launched in May 2017, has climbed 4.74% over the past three years and 3.03% over the past five.

JPMorgan Nasdaq Equity Premium Income ETF JEPQ

In May, the JPMorgan Nasdaq Equity Premium Income ETF rose 3.63%, while the average derivative income fund gained 5.26%. The fund placed in the 59th percentile for performance and lagged its benchmark, the S&P 500 Index, by 2.66 percentage points.

The $26.3 billion fund has climbed 8.49% over the past year, underperforming the average fund in its category, which rose 8.99%. The JPMorgan fund, launched in May 2022, has gained 14.40% over the past three years.

Janus Henderson AAA CLO ETF JAAA

The $20.8 billion Janus Henderson AAA CLO ETF rose 0.91% in May. The gain on the fund beat the 0.43% gain on the average fund in the ultrashort bond category, leaving it in the third percentile for performance.The fund beat its benchmark, the Bloomberg US Aggregate Bond Index, by 1.62 percentage points.

Over the past year, the Janus Henderson fund rose 5.96%, while the average fund in its category rose 5.27%. The fund, launched in October 2020, has gained 6.73% over the past three years.

This article was generated with the help of automation and reviewed by Morningstar editors.
Learn more about Morningstar’s use of automation.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *