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ETF Industry KPI

Posted by Michael Venuto on Nov 7, 2022 1:46:22 PM
Michael Venuto
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Week of October 31, 2022 KPI Summary
  • This week, the industry experienced 13 ETF launches and 7 closures, shifting the 1-year Open-to-Close ratio to 3.29 and total US ETFs to 3,065.
  • Yesterday’s end of Daylight Savings time gave us an extra hour to “Fall back” asleep. Let’s take a look at funds that have certainly fallen back in assets since March 13th, 2022 (Spring Daylight Savings).
    • The three funds (minimum $100 Million in assets) having the worst drawback in this period (3/13/22 - 11/6/22) are:
      • First Trust Consumer Discretionary AlphaDEX Fund (FXD) down -80.95%
      • iShares Interest Rate Hedged Long-Term Corp Bond (IGBH) down -77.79%
      • ProShares Online Retail ETF (ONLN) down -74.64%
      • The index sub-type that is featured the most at the top of this list is Exposure ETFs with it labeling 34 of the top 50
    • The three funds (minimum $1 Billion in assets) having the worst drawback in this period are:
      • JPMorgan BetaBuilders Europe ETF (BBEU) down -62.28%
      • First Trust NASDAQ-100-Tech Sector ETF (QTEC) down -56.57%
      • iShares MSCI Taiwan ETF (EWT) down -54.61%
    • Lastly, the three funds (minimum $10 Billion in assets) having the worst drawback in this period are: 
      • VanEck Gold Miners ETF (GDX) down -35.15%
      • Schwab US TIPS ETF (SCHP) down -32.99%
      • Vanguard FTSE Europe ETF (VGK) down -30.71%
  • One thing we learned while searching through these ETFs that “Fell Back” like the clock yesterday is that as much as there are correlations amongst these funds, there is plenty of diversity. Atop the lists are both Equity and Fixed income funds, all 4 geographical categories, Non-Traditional and Traditional funds, multiple sectors, and several different index attributes. This year’s drawback has taken no prisoners. 
  • The tracked indexes had similar experiences in the past week. The Toroso ETF Industry Index was down -0.52% while the S&P Financial Select Sector Index trailed at -0.76%.

KPI-Nov-07-2022-02-51-36-3670-PM


ETF Launches

BrandywineGLOBAL Dynamic U.S. Large Cap Value ETF (ticker: DVAL)
Martin Currie Sustainable International Equity ETF (ticker: MCSE)
AllianzIM U.S. Large Cap Buffer10 Nov ETF (ticker: NVBT)
AllianzIM U.S. Large Cap Buffer20 Nov ETF (ticker: NVBW)
Aptus Enhanced Yield ETF (ticker: JUCY)
Dimensional Emerging Markets Sustainability Core 1 ETF (ticker: DFSE)
Dimensional International Sustainability Core 1 ETF (ticker: DFSI)
Dimensional US Sustainability Core 1 ETF (ticker: DFSU)
iShares Environmental Infrastructure & Industrials ETF (ticker: EFRA)
VanEck® Dynamic High Income ETF (ticker: INC)
Adaptiv™ Select ETF (ticker: ADPV)
BNY Mellon Global Infrastructure Income ETF (ticker: BKGI)
Reverb ETF (ticker: RVRB)


ETF Closures

Emles @Home ETF (ticker: LIV)
Emles Federal Contractors ETF (ticker: FEDX)
Emles Made in America ETF (ticker: AMER)
Emles Real Estate Credit ETF (ticker: REC)
Emles Luxury Goods ETF (ticker: LUXE)
Emles Alpha Opportunities ETF (ticker: EOPS)
Valkyrie Balance Sheet Opportunities ETF (ticker: VBB)


Fund/Ticker Changes

AllianzIM US Large Cap Buffer10 Apr ETF (ticker: AZAA)
became AllianzIM US Large Cap Buffer10 Apr ETF (ticker: APRT)

AllianzIM US Large Cap Buffer20 Apr ETF (ticker: AZBA)
became AllianzIM US Large Cap Buffer20 Apr ETF (ticker: APRW)

AllianzIM US Large Cap Buffer10 Jul ETF (ticker: AZAL)
became AllianzIM US Large Cap Buffer10 Jul ETF (ticker: JULT)

AllianzIM US Large Cap Buffer20 Jul ETF (ticker: AZBL)
became AllianzIM US Large Cap Buffer20 Jul ETF (ticker: JULW)

AllianzIM US Large Cap Buffer10 Oct ETF (ticker: AZAO)
became AllianzIM US Large Cap Buffer10 Oct ETF (ticker: OCTT)

AllianzIM US Large Cap Buffer20 Oct ETF (ticker: AZBO)
became AllianzIM US Large Cap Buffer20 Oct ETF (ticker: OCTW)

AllianzIM US Large Cap Buffer10 Jan ETF (ticker: AZAJ)
became AllianzIM US Large Cap Buffer10 Jan ETF (ticker: JANT)

AllianzIM US Large Cap Buffer20 Jan ETF (ticker: AZBJ)
became AllianzIM US Large Cap Buffer20 Jan ETF (ticker: JANW)


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

(as of November 4, 2022)

table-Nov-07-2022-02-51-36-1941-PM


TETF.Index Performance vs. Other Leading Financial Indices
(March 31, 2017 through November 4, 2022)

chart-Nov-07-2022-02-51-36-2642-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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