Calculator

ETF premium or discount to NAV calculator.

Enter an ETF’s market price and NAV to see whether it is trading at a premium or a discount, and by how much.

By · Updated

Difference per unit–
Premium (+) or discount (−)–
Status–

Runs in your browser; nothing is sent anywhere. Illustrative arithmetic only, not investment advice.

How it is calculated

Premium or discount (%) = (market price − NAV) ÷ NAV × 100. A positive result is a premium; a negative one is a discount. Use a price and NAV from the same session and note when each was taken, since a timing gap alone can create an apparent premium. Read ETF premium and discount to NAV, explained. This calculator is arithmetic for research; it is not investment advice.

Questions

How do I calculate an ETF’s premium to NAV?

(Market price − NAV) ÷ NAV × 100; a positive result is a premium and a negative one a discount.

Which NAV should I use?

One for the same session as the price, noting when each was taken, so timing differences do not distort the result.

See it on your own data. Terminal X — Filings and market data, collected. Book a 30-minute working session with an engineer.

General guidance, current as of the date above. Figures and examples are illustrative unless a source is linked.