Week of January 11, 2021 KPI Summary
This week, there were 9 new ETF launches and zero closures. This brought the Open-to-Close ratio up from 0.97 to 0.99, and total US ETFs to 2,319. US ETF assets decreased just barely, from $5.59 Tn to $5.58 Tn. ETF expense ratio revenue followed suit and also decreased, from $10.46 Bn to $10.14 Bn. The S&P Financial Select Sector Index came out on top with 1-week returns at 0.04% versus Toroso ETF Industry Index’s -1.36% 1-week returns. However, TETF is still on top in overall returns, at 18.11% since inception, vs S&P’s 9.48%.
Direxion Daily Cloud Computing Bull 2X Shares ETF (ticker: CLDL)
Direxion Daily Cloud Computing Bear 2X Shares ETF (ticker: CLDS)
Horizon Kinetics Inflation Beneficiaries ETF (ticker: INFL)
Global X Adaptive US Risk Management ETF (ticker: ONOF)
Alpha Architect Merlyn.AI Best-of-Breed Core Momentum ETF (ticker: BOB)
Franklin Exponential Data ETF (ticker: XDAT)
IQ Healthy Hearts ETF (ticker: HART)
Overlay Share Hedged Large Cap Equity ETF (ticker: OVLH)
Overlay Shares Short Term Bond ETF (ticker: OVT)
TETF.Index Performance vs. S&P Financial Select Sector Index
(as of January 15, 2021)
TETF.Index Performance vs. Other Leading Financial Indices
(March 31, 2017 through January 15, 2021)
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.