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ETF Industry KPI

Posted by Michael Venuto on Oct 17, 2022 12:12:20 PM
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Week of October 10, 2022 KPI Summary
  • This week, the industry experienced 9 ETF launches and 1 closure, shifting the 1-year Open-to-Close ratio to 3.25 and total US ETFs to 3,042.
  • With minimal changes this week, let’s do a final issuer check-in before the end of 2022.
    • There have been +20 additional issuers YTD for a current total of 266. Even though new issuers and funds continue to enter the ETF marketplace, the top 20 issuers control the industry’s assets.
      • As of today, the top 20 issuers manage 97.1% of total ETF assets, which is actually a slight decrease since 12/31/21 which was 97.5%.
      • Of course, it helps when the top 20 issuers make-up 60.8% of total ETFs (1,849 of 3,042) as well.
    • Of the top 20 issuers, the top performer in assets YTD has been Pacer (+54.6%) with American Century close behind (+41.3%). On net increase, Dimensional is leading with +$13.7 Bn, shifting from 11th to 8th largest issuer by assets today.
    • Of the top 20 issuers, the worst performer in assets YTD has been Direxion (-34.3%) with Xtrackers next in line (-28.6%). On net decrease, iShares has lost $471.9 Bn YTD and Vanguard in second worst with a $359.8 Bn loss.
  • The tracked indexes had different experiences in the past week. The Toroso ETF Industry Index was down -2.09% while the S&P Financial Select Sector Index led at 0.23%.

KPI-Oct-17-2022-01-40-31-27-PM


ETF Launches

SRH U.S. Quality ETF (ticker: SRHQ)
God Bless America ETF (ticker: YALL)
Unlimited HFND Multi-Strategy Return Tracker ETF (ticker: HFND)
American Century® Short Duration Strategic Income ETF (ticker: SDSI)
Invesco NASDAQ Patent Innovators ETF (ticker: QQQS)
Schwab Municipal Bond ETF (ticker: SCMB)
VictoryShares WestEnd U.S. Sector ETF (ticker: MODL)
Harbor Corporate Culture ETF (ticker: HAPI)
Burney U.S. Factor Rotation ETF (ticker: BRNY)


ETF Closures

Amplify Cleaner Living ETF (ticker: DTOX)

Fund/Ticker Changes

None


TETF.Index Performance vs. S&P Financial Select Sector Index

(as of October 14, 2022)

table-Oct-17-2022-01-40-31-14-PM


TETF.Index Performance vs. Other Leading Financial Indices
(March 31, 2017 through October 14, 2022)

chart-Oct-17-2022-01-40-31-19-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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