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ETF Industry KPI

Posted by Michael Venuto on May 16, 2022 1:20:04 PM
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Week of May 9, 2022 KPI Summary
  • This week, the industry experienced 3 ETF launches and no closures, shifting the 1-year Open-to-Close ratio to 5.48 and total US ETFs to 2,931.

  • As we are halfway through the second quarter of 2022, let’s look at some of the KPIs from the past 3 months (data comparing 5/15/2022 to 2/13/2022).

    • Total assets decreased -7.18%, there was an increase of 80 ETFs to total US ETF count (2,931), and +2 additional issuers by brand.

    • From our 11 asset class categories, Currency increased the most (52.4%) with Managed Futures in second (48.0%). Volatility had the worst performance (-17.9%) with Preferred Stock close behind (-13.6%). The two largest asset classes of Equity (76.7% of assets) and Fixed Income (18.2%) dropped -8.91% and -1.43% respectively.

    • ETF expense ratio 12-month revenue sank from $12.06 Billion to $11.19 Billion.

    • Share of Revenue from Active ETFs actually rose from 10.7% to 11.4% compared to Non-traditional and Traditional ETFs.

    • Unsurprisingly, the open-to-close ratio rose again from 5.11 to 5.48.

  • A few categories had great performance in the past 3 months, but the industry overall has taken a huge hit with Equities dropping significantly. Despite a drop in assets and plateauing number of issuers of late, ETF listings continue to grow at a steady pace nearing the upcoming 3,000 ETFs milestone.

  • The tracked indexes had similar experiences in the last 3 months. The Toroso ETF Industry Index is down -18.21% while the S&P Financial Select Sector Index leads at -16.11%.


KPI-May-16-2022-01-35-52-61-PM

ETF Launches

Gabelli Financial Services Opportunities ETF (ticker: GABF)
7.125% Notes due 2027 (ticker: SCCF)
SPDR MarketAxess Investment Grade 400 Corporate Bond ETF (ticker: LQIG)


ETF Closures

None

Fund/Ticker Changes

First Trust Hedged BuyWrite Income ETF (ticker: FTLB)
became First Trust Nasdaq BuyWrite Income ETF (ticker: FTQI)

 

TETF.Index Performance vs. S&P Financial Select Sector Index
(as of May 13, 2022)

table-May-16-2022-01-35-52-52-PM


TETF.Index Performance vs. Other Leading Financial Indices
(March 31, 2017 May 13, 2022)

chart-May-16-2022-01-35-52-56-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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