Week of May 3, 2021 KPI Summary
This week, the industry experienced 7 ETF launches and zero closures, shifting the 2021 1-year Open-to-Close ratio to 1.72 and total US ETFs to 2,496. In a 3-month view, total ETF assets have increased 9.33% from approximately 5.75 Tn to 6.34 Tn dollars. The Equity sector is outperforming that average (9.33%) at 10.11%, while fixed income is underperforming at 3.72% growth and losing 1.08% market share in the US ETF industry (from 18.46% to 17.38% over 3-months). Following the 3-month outlook since early February, revenue from non-traditional beta has decreased 7.10% while revenue from active ETFs has increased 3.93%. Lastly, while the NYSE ACRA has maintained approximately 64% market share of listings, the Nasdaq has relinquished around 1% to CBOE, widening the gap between them. Both indexes experienced significant change over the last 3 months, the Toroso ETF Industry Index is up 16.81% while the S&P Financial Select Sector Index led at 22.88%.
ClearShares Piton Intermediate Fixed Income ETF (ticker: BTC)
TrueShares Structured Outcome (May) ETF (ticker: MAYZ)
Alger 35 ETF (ticker: ATFV)
Freedom Day Dividend ETF (ticker: MBOX)
Wisdom Tree Alternative Income Fund ETF (ticker: HYIN)
Principal US Large-Cap Adaptive Multi-Factor ETF (ticker: PLRG)
Principal US Small-Cap Adaptive Multi-Factor ETF (ticker: PLTL)
TETF.Index Performance vs. S&P Financial Select Sector Index
(as of May 7, 2021)
TETF.Index Performance vs. Other Leading Financial Indices
(March 31, 2017 through May 7, 2021)
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.
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.