ETFs vs Mutual Funds

The table below summarizes the key structure of Actively managed ETFs vs traditional ETFs and mutual funds.

Feature	Active ETF	Index ETF	Mutual Fund
Marginable	YES	YES	NO
Shortable	YES	YES	NO
Tax Efficient*	YES	YES	MAYBE
Trades Intraday	YES	YES	NO
Active Professional Management	YES	NO	MAYBE
Passive Management	NO	YES	MAYBE

*ETFs are, however, subject to commission costs each time you buy or sell.