NAV Return

NAV return, or net asset value return, is one way to measure the performance of a fund, including mutual funds, exchange-traded funds, and closed-end funds. A fund’s NAV return is the percentage change between its net asset value at the beginning and end of a particular period.

The NAV return may not reflect the return an investor receives from a fund. A fund’s total return or market return more closely represent a shareholder’s actual return.

A fund’s NAV return may differ from its total return because the NAV return doesn’t include dividends, interest, or capital gains that have been paid out to shareholders. The total return of an ETF or closed-end fund can differ from its NAV return because their market price, which fluctuates throughout the trading day, may be different from its NAV.