The size of the ETF Billion Dollar Club held steady this month at 15 for the second month in a row.  However, once again, there are changes in the roster.

HOLDRS Oil Services (OIH) is back on the list after barely missing the cutoff the past three months, and iShares MSCI EAFE (EFA) is back after a one-month absence.  The two funds leaving the list were Direxion Daily Financial Bear 3x Shares (FAZ) and iShares DJ US Real Estate (IYR).

Trading activity in SPDR S&P 500 (SPY) was down for the month but still managed to swamp everything else.  SPY had an Average Daily Value Traded (ADVT) of $21.4 Billion in June, down more than -9% from May.  However, the June amount is still impressive.  In fact, the trading in SPY was more than the next 11 most actively traded ETFs combined.

The trading in SPY was more than the combined total from 830 (98%) of the ETFs and ETNs with the lowest ADVT, representing 31.3% of all ETF traded value.  The 15 current members of the exclusive ETF Billion Dollar Club, those with an ADVT in excess of $1 billion during the month of June, accounted for 67.2% of all ETF trading.

ETF Billion Dollar Club – July 2009


Rank Ticker Name ADVT
1 SPY SPDR S&P; 500 $21,357,637,632
2 QQQQ PowerShares QQQ $4,134,902,016
3 IWM iShares Russell 2000 $2,567,078,656
4 EEM iShares MSCI Emerging Markets $2,438,246,656
5 SDS ProShares UltraShort S&P500; $2,308,650,240
6 FAS Direxion Daily Financial Bull 3x Shares $1,651,676,416
7 XLF SPDR Select Sector Financial $1,606,761,728
8 SKF ProShares UltraShort Financials $1,594,144,768
9 DIA Dow Diamonds $1,275,335,168
10 GLD SPDR Gold Trust $1,266,244,096
11 EWZ iShares MSCI Brazil $1,193,306,496
12 XLE SPDR Select Sector Energy $1,183,197,696
13 SSO ProShares Ultra S&P500; $1,141,664,640
14 OIH HOLDRS Oil Services $1,101,806,080
15 EFA iShares MSCI EAFE $1,028,939,840

Links to previous rosters:

ETF Billion Dollar Club – June 2009

ETF Billion Dollar Club – May 2009

ETF Billion Dollar Club – April 2009

ETF Billion Dollar Club – March 2009

Disclosure:  long some of the names on this list