How ETNs Became ETFs’ Riskier, Less-Loved Cousins

Exchange-traded funds, which soared in popularity during the last decade, have a lesser-known cousin called the exchange-traded note. While ETFs and ETNs may sound a lot alike, there are huge differences, especially when it comes to risk. Massive price swings in 2020 have contributed to greater awareness about the downsides of ETNs. Now, their issuers are shutting them down at the fastest pace ever.