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ODEON KAPITAL AG

UID CHE-348.764.474 · CH-ID CH-020.3.052.833-2
FCRO-ID 1579892

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Neumarkt 6, 8001 Zürich

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ODEONKAPITALS
HomeAccount types
  1. Learn
  2. Trading Glossary
  3. Net Asset Value (NAV)

Net Asset Value (NAV)

Net asset value is a fund’s assets minus liabilities, usually expressed per share using the valuation rules and calculation time in its documents.

Defined termReviewed 16 July 2026

Related terms

Exchange-Traded Fund (ETF)PortfolioQuoteMarket RiskAccount BalanceAccount Equity

Educational risk notice

This material is general education, not personal investment advice or a promise of results. Markets can move beyond planned levels, and losses can exceed expectations when leverage, liquidity, gaps, or operational failures are involved.

Read the full risk disclosure
Trading glossaryReviewed 16 July 2026

Definition

Net asset value is a fund’s assets minus liabilities, usually expressed per share using the valuation rules and calculation time in its documents.

In market context

For an ETF, NAV is calculated from the underlying portfolio while shares trade in the market throughout the day. The trading price can be above or below NAV because of supply, demand, spreads, timing, and valuation differences. NAV also depends on pricing inputs for assets that may be illiquid or closed, so it should not be assumed to be an immediately executable liquidation value.

Source

Use the primary source for fuller regulatory or market context.

Investor.gov — Exchange-Traded Funds

Educational risk notice

This material is general education, not personal investment advice or a promise of results. Markets can move beyond planned levels, and losses can exceed expectations when leverage, liquidity, gaps, or operational failures are involved.

Read the full risk disclosure

Related glossary terms

Selected from explicit term relationships and shared tags.

beginner3 min

Exchange-Traded Fund (ETF)

An exchange-traded fund pools assets under a stated strategy while its shares trade throughout the day on an exchange at market prices.

funds · marketsRead guide
beginner3 min

Portfolio

A portfolio is the combined set of cash, holdings, positions, and other financial exposures considered together for allocation, performance, and risk.

portfolio · reportingRead guide
beginner3 min

Quote

A quote is current pricing information for buying or selling an instrument, usually including a bid, ask, size, timestamp, and relevant conditions.

pricing · executionRead guide
beginner3 min

Market Risk

Market risk is the possibility of loss caused by adverse changes in prices, rates, volatility, correlations, or other broad market conditions.

risk · marketsRead guide