Underlying Asset Performance: The ETF's price closely tracks the performance of its underlying assets, so fluctuations in their prices directly impact the ETF's value.

Supply and Demand: Market demand for the ETF relative to its supply influences its price, with higher demand typically leading to higher prices.

Index Tracking Efficiency: How well the ETF replicates the index it follows affects its price, with deviations potentially causing price differences.

Expense Ratio: The ETF's expense ratio can slightly impact its price, as higher expenses may reduce returns compared to similar ETFs.

Market Sentiment: Overall market sentiment, whether bullish or bearish, can affect the ETF's price, independent of its underlying assets.