Week of October 26, 2020 KPI Summary
This week, the ETF industry experienced declines in many areas, including number of ETFs, assets and revenue. There were 6 new ETFs launched this week, but 11 closed, bringing the Open-to-Close ratio down to 0.90. One-week change in US ETF assets was -4.36%, with total US ETF assets dropping from $4.90 Tn to $4.69 Tn. Change YTD for assets is still positive 6.09%, however. Active ETFs are now 3% of the assets but almost 8% of industry revenue.
ETF Exchange Ratio revenue is in a similar situation, dropping from $8.95 Bn to $8.56 Bn. One-week returns for both indexes also fell; the Toroso ETF Industry Index is at -5.14% this week, as opposed to -1.74% last week. The S&P Financial Select Sector Index is at -5.49% this week, as opposed to 1.03% last week.
TETF.Index Performance vs. S&P Financial Select Sector Index
(as of October 30, 2020)
TETF.Index Performance vs. Other Leading Financial Indices
(March 31, 2017 through October 30, 2020)
LeaderShares® Activist Leaders® ETF (ticker: ACTV)
LeaderShares® AlphaFactor® Tactical Focused ETF (ticker: LSAT)
Global X CleanTech ETF (ticker: CTEC)
Global X Data Center REITs & Digital Infrastructure ETF (ticker: VPN)
iShares US Small Cap Value Factor ETF (ticker: SVAL)
American Conservative Values ETF (ticker: ACVF)
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.