What is an ETF's total return?

An ETF's price return captures only changes in the share price. Total return includes price changes plus distributions (dividends/interest), assuming they're reinvested.

For comparing ETFs, total return is usually the more meaningful metric because it reflects what an investor actually earns when income is considered.

If you're evaluating income-focused ETFs, total return can be especially helpful. A fund can have a high distribution rate but poor total return if the share price steadily declines.