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ETF Industry KPI

Posted by Michael Venuto on Nov 29, 2021 12:55:29 PM
Michael Venuto
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Week of November 22, 2021 KPI Summary
  • This week, the industry experienced 1 new ETF launch and zero closures, shifting the 2021 1-year Open-to-Close ratio to 4.14 and total US ETFs to 2,746.

  • The month of November was a down month for the ETF Industry thus far (data will compare 10/31/21 KPIs to 11/28/21)

    • Total assets decreased approximately -0.22%, there was an increase of 40 ETFs to total US ETF count (2,746), and 5 additional issuers by brand.

    • From our 11 asset class categories, Volatility increased the most (18.13%) and Currency had the worst performance (-5.51%). The two largest asset classes of Equity (77.98% of assets) and Fixed Income (17.38%) dipped -0.51% and rose slightly 0.87% respectively.

    • ETF expense ratio 12-month revenue dropped from $12.62 Billion to $12.43 Billion.

    • Lastly, while revenue from Active ETFs stayed stagnant, Non-traditional Beta revenue surged from 42.15% to 44.36% of total ETF revenue, nearly catching up to Traditional Beta revenue at 45.89%.

  • While ETFs continued to launch, the growth in assets over the last few months flattened during the month of November.

  • The tracked indexes had similar experiences in November. The Toroso ETF Industry Index was down -3.93% while the S&P Financial Select Sector Index trailed at -4.49%.


ETF Launches

Direxion Nanotechnology ETF (ticker: TYNE)

ETF Closures


TETF.Index Performance vs. S&P Financial Select Sector Index
(as of November 26, 2021)


TETF.Index Performance vs. Other Leading Financial Indices
(March 31, 2017 through November 26, 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.

Topics: ETF Industry KPI’s

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