One isn’t publicly traded (MF) while the other is (ETF).
Some are both : a MF you can trade through an ETF. This is something Vanguard does a lot.
Example :
* VFIAX is the Mutal Fund
* VOO is the ETF
Both are the same exact fund. The only difference between them is the way you invest in the fund.
tl;dr: An ETF is a fund that emits shares you can publicly trade to invest in the fund, instead of investing directly in the fund with a subscription.
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