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ETF Industry KPI

Posted by Michael Venuto on Apr 26, 2021 11:54:37 AM
Michael Venuto
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Week of April 19, 2021 KPI Summary

This week, the industry experienced 6 new ETF launches and zero closures, shifting the 2021 YTD Open-to-Close ratio to 1.50 and total US ETFs to 2,490. It has been a neutral week for US ETF total assets, up 0.04%. One thing to note is that the 1-year open to close ratio is back to 1.50. The universe was at this ratio going into March 2020, but coming out of the first two months of US covid shutdowns, the ratio dropped to around 1.00 with an equal combination of less launches and more closures. The ratio hovered between 0.90-1.10 from May 2020 to February 2021. However, over the last 2 months, there have been less closures and plenty more launched ETFs. We will continue to study the trend and identify if: 1.50 is a healthy rate of growth, the ratio drops due to trimming the unsuccessful or underfunded ETFs, or the ratio continues to rise with the universe’s pie of assets expanding with it. Both indexes experienced minimal change this week, Toroso ETF Industry Index was up 0.54% while the S&P Financial Select Sector Index trailed at -0.02%. 

KPI-Apr-26-2021-04-13-35-58-PM

 

ETF Launches

AdvisorShares Hotel ETF (ticker: BEDZ)
AdvisorShares Restaurant ETF (ticker: EATZ)
Acruence Active Hedge US Equity ETF (ticker: XVOL)
Invesco MSCI Green Building ETF (ticker: GBLD)
FT Cboe Vest US Equity Buffer ETF April (ticker: FAPR)
FT Cboe Vest US Equity Deep Buffer ETF April (ticker: DAPR)

ETF Closures

None

TETF.Index Performance vs. S&P Financial Select Sector Index
(as of April 23, 2021)

table-Apr-26-2021-04-13-35-58-PM


TETF.Index Performance vs. Other Leading Financial Indices
(March 31, 2017 through April 23, 2021)

chart-Apr-26-2021-04-13-35-62-PM

Source: Morningstar Direct


Why Follow the ETF Industry KPIs

The team at Toroso Investments began tracking the ETF Industry Key Performance Indicators (KPI's) in the early 2000's and have been consistently reporting on, and analyzing these metrics ever since. The table above was the impetus for the creation of the TETF.Index, the index that tracks the ETF industry. Each week, we will share the statistics we believe to be the most useful for identifying industry trends, in addition to the performance of the TEFT.Index. 


DISCLAIMER

Past performance is no guarantee of future returns. This article is for informational and educational purposes only; is not intended to constitute legal, tax, accounting or investment advice; and does not constitute an offer to sell or a solicitation of an offer to buy any security or service. Furthermore, the Indexes shown above are not investable. While Toroso has gathered the information presented from sources that it believes to be reliable, Toroso cannot guarantee the accuracy or completeness of the information presented and the information presented should not be relied upon as such. Any opinions expressed are Toroso’s opinions and do not reflect the opinions of any affiliates or related persons. All opinions are current only as of the date of initial publication and are subject to change without notice. All investment strategies and investments involve risk of loss, including the possible loss of all amounts invested.

Topics: ETF Industry KPI’s

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