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ETF Industry KPI

Posted by Michael Venuto on Oct 18, 2021 12:41:36 PM
Michael Venuto
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Week of October 11, 2021 KPI Summary
  • This week, the industry experienced 3 new ETF launches and 4 closures, shifting the 2021 YTD Open-to-Close ratio to 3.26 and total US ETFs to 2,696.  

  • It was an excellent week for ETF assets, rising nearly two percent.  

  • As a result, the ETF expense ratio 12-month revenue increased approximately $280 million from last week to total $12.39 billion.  

  • As a quick check-in, here are a few KPIs to compare from exactly one year ago.

    • Open-to-close ratio was 0.91 and is now 3.26.

    • Total ETF assets were $4.91 trillion and are $6.79 trillion today.

    • The ETF expense ratio 12- month revenue was $8.98 billion and, as previously mentioned, is now $12.39 billion.

    • Lastly, there were 152 issuers by brand which has surged to 220 total.

  • Both indexes experienced minimal change over the last week, the Toroso ETF Industry Index was up 2.22% while the S&P Financial Select Sector Index trailed at 1.24%.


KPI-Oct-18-2021-01-49-00-13-PM

ETF Launches

iShares® USD Bond Factor ETF (ticker: USBF)
First Trust Multi-Manager Small Cap Opportunities ETF (ticker: MMSC)
Alpha Dog ETF (ticker: RUFF)

ETF Closures

WisdomTree US Short-Term High Yield Corporate Bond Fund (ticker: SFHY)
PGIM QMA Strategic Alpha Large Cap Core ETF (ticker: PQLC)
PGIM QMA Strategic Alpha Small Cap Growth ETF (ticker: PQSG)
PGIM QMA Strategic Alpha Small Cap Value ETF (ticker: PQSV)



TETF.Index Performance vs. S&P Financial Select Sector Index
(as of October 15, 2021)

table-Oct-18-2021-01-49-00-13-PM


TETF.Index Performance vs. Other Leading Financial Indices
(March 31, 2017 through October 15, 2021)

chart-Oct-18-2021-01-49-00-12-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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