Week of May 17, 2021 KPI Summary
This week, the industry experienced 11 ETF launches and no closures, shifting the 2021 1-year Open-to-Close ratio to 1.73 and total US ETFs to 2,508. The major milestone of total US ETFs crossing the 2,500 mark for the first time shouldn’t be overlooked. There have been 135 ETF launches YTD, gradually picking up momentum every month. On the assets side, it was intriguing to see that asset categories like Equities and Fixed Income have stayed consistently around their current category market share (77% and 18% respectively) on a one and two-year outlook. Even with total ETFs broken into our categories, the Equity and Fixed Income market share has hovered around 61% and 17% respectively for the past 2 years, with minimal dips and surges. Therefore, with the long-term gradual increase in launches and assets we have observed, there seems to be a calculated balance in the ETF universe. Both indexes experienced minimal change this week, Toroso ETF Industry Index was down -0.15% while the S&P Financial Select Sector Index trailed at -0.86%.
LGBTQ100 ESG ETF (ticker: LGBT)
The Short De-SPAC ETF (ticker: SOGU)
Strategy Shares Gold-Hedged Bond ETF (ticker: GLDB)
The De-SPAC ETF (ticker: DSPC)
iShares BBB Rated Corporate Bond ETF (ticker: LQDB)
ProShares Nasdaq-100 Dorsey Wright Select ETF (ticker: QQQA)
WisdomTree Emerging Markets Efficient Core ETF (ticker: NTSE)
WisdomTree International Efficient Core ETF (ticker: NTSI)
Principal US Large-Cap Adaptive Multi-Factor ETF (ticker: PLRG)
Principal US Small-Cap Adaptive Multi-Factor ETF (ticker: PLTL)
Principal International Adaptive Multi-Factor ETF (ticker: PXUS)
TETF.Index Performance vs. S&P Financial Select Sector Index
(as of May 21, 2021)
TETF.Index Performance vs. Other Leading Financial Indices
(March 31, 2017 through May 21, 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.