Week of December 7, 2020 KPI Summary
Based on our ETF Think Tank Security Master, there are currently 166 non-levered equity ETFs listed in the US. That represents $107 Billion in assets with an average weighted expense ratio of 63.5 bps. We will be speaking with State Street Global Advisors about thematic ETFs on Wednesday, December 16, on the Think Tank Exchange.
This week, the industry experienced a staggering 13 new ETF launches. With only 1 closure, the Open-to-Close ratio climbed up from 0.91 to 0.95, and total US ETFs is at 2,309. US ETF assets are still at $5.32 Tn this week, but YTD change is still positive 20.35%. ETF Expense Ratio 12-month Revenue saw a big drop, falling from $10.79 Bn to $9.84 Bn with rotation into low cost beta. Both indexes experienced minimal change this week, but the Toroso ETF Industry Index is still outperforming the S&P Financial Select Sector Index in YTD returns. TETFindex stands at 21.62% YTD, while S&P stands at negative -5.56% YTD.
MicroSectors™ Gold Miners 3X Leveraged ETN (ticker: GDXU)
MicroSectors™ Gold Miners 3X Inverse Leveraged ETN (ticker: GDXD)
Inspire Faithward Large Cap Momentum ESG ETF (ticker: FEVR)
Inspire Faithward Mid Cap Momentum ESG ETF (ticker: GLRY)
TrimTabs Donoghue Forlines Risk Managed Innovation ETF (ticker: DFNV)
TrimTabs Donoghue Forlines Tactical High Yield ETF (ticker: DFHY)
Adasina Social Justice All Cap Global ETF (ticker: JSTC)
Blue Horizon BNE ETF (ticker: BNE)
KraneShares MSCI AII China Consumer Discretionary ETF (ticker: KBUY)
JPMorgan Carbon Transition US Equity ETF (ticker: JCTR)
Avantis® Core Municipal Fixed Income ETF (ticker: AVMU)
Simplify Growth Equity Plus Convexity ETF (ticker: QQC)
Simplify Growth Equity Plus Downside Convexity ETF (ticker: QQD)
C-Tracks ETNs Miller/Howard MLP Fundamental B (ticker: MLPE)
TETF.Index Performance vs. S&P Financial Select Sector Index
(as of December 11, 2020)
TETF.Index Performance vs. Other Leading Financial Indices
(March 31, 2017 through December 11, 2020)
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.