Week of September 20, 2021 KPI Summary
This week, the industry experienced 19 ETF launches and no closures, shifting the 2021 YTD Open-to-Close ratio to 2.85 and total US ETFs to 2,658.
With the surge of launches in the last few weeks, the 1-year Open-to-Close is pushing to new heights with 2.85 being an all-time high (since we began recording in January 2018). According to our Security Master, there have been 300 ETFs launched in 2021 that are currently open and only 66 closures YTD, an even more staggering open-to-close ratio of 4.55.
Assets take a small dip this past week and three issuers by brand are added, but all other KPIs remain constant.
Looking from a YTD view, while ETF assets have increased 23.32%, Toroso ETF Industry Index is up 27.69% and the S&P Financial Select Sector Index leads at 31.54%.
TrueShares Structured Outcome (November) ETF (ticker: NOVZ)
Quadratic Deflation ETF (ticker: BNDD)
FT Cboe Vest International Equity Buffer ETF September (ticker: YSEP)
FT Cboe Vest Nasdaq-100® Buffer ETF September (ticker: QSPT)
AltShares Event-Driven ETF (ticker: EVNT)
APEX HealthCare ETF (ticker: APXH)
CrossingBridge Pre-Merger SPAC ETF (ticker: SPC)
ETFMG Breakwave Sea Decarbonization Tech ETF (ticker: BSEA)
FlexShares ESG & Climate High Yield Corporate Core Index (ticker: FEHY)
FlexShares ESG & Climate US Large Cap Core Index (ticker: FEUS)
FlexShares ESG & Climate Developed Markets ex-US Core Index (ticker: FEDM)
FlexShares ESG & Climate Investment Grade Corporate Core Index (ticker: FEIG)
Amplify Digital & Online Trading ETF (ticker: BIDS)
Avantis® US Large Cap Value ETF (ticker: AVLV)
Columbia Short Duration Bond ETF (ticker: SBND)
Discipline Fund ETF (ticker: DSCF)
Hartford Sustainable Income ETF (ticker: HSUN)
Hoya Capital High Dividend Yield ETF (ticker: RIET)
Direxion Daily US Infrastructure Bull 2X ETF (ticker: DOZR)
TETF.Index Performance vs. S&P Financial Select Sector Index
(as of September 24, 2021)
TETF.Index Performance vs. Other Leading Financial Indices
(March 31, 2017 through September 24, 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.