Why did these two ETFs grow at different percentages today?

ETFs, or Exchange-Traded Funds, trade on stock exchanges much like individual stocks and can experience different price movements due to a variety of factors. Here are some reasons why the two ETFs might have grown at different rates:
Underlying Holdings: The performance of an ETF is largely driven by the performance of its underlying assets. If the two ETFs have different compositions or hold different securities, they will likely experience different levels of growth. For instance, an ETF that tracks the technology sector might grow at a different rate compared to one that tracks the healthcare sector due to sector-specific news or earnings reports.
Market Conditions: Broader market conditions may affect ETFs differently. Economic data, geopolitical events, or central bank decisions can impact sectors or asset classes differently, leading to varying performances. For example, interest rate changes might affect bond ETFs differently from equity ETFs.
Trading Volume and Liquidity: Sometimes, the trading volume and liquidity of an ETF can impact its price to a small extent. An ETF with high trading volume is likely to have tighter bid-ask spreads, which might influence its closing price.
Management and Fees: Actively managed ETFs have the potential to outperform or underperform indices due to the decisions of the fund manager. Differences in management styles and fee structures can result in different performance outcomes.
News and Economic Data: Company-specific news, industry trends, or relevant economic data releases can impact the sectors or regions that the ETFs are exposed to. For example, a positive economic report for Europe might boost ETFs with European exposure more significantly.
Dividends and Distributions: The timing of dividend payments or capital gains distributions may temporarily affect the ETF’s price. An ETF might drop in price when dividends are paid out, but this would not necessarily reflect poor performance.

Understanding these factors can help provide insight into why two ETFs moved differently on any given day. Each ETF’s unique composition and the broader economic context both play critical roles in their daily performance.