Week of March 15, 2021 KPI Summary
This week, the industry experienced 6 new ETF launches and zero closures, updating the total US ETFs to 2,468. We are now at the start of Springtime, so let’s look back at how the ETF industry advanced since the start of the winter (December 21, 2020). Total assets increased approximately 9% with total US ETF Assets rising from $5.43 to $5.97 Trillion dollars. The total number of US ETFs surged from 2,298 to 2,468 and 18 additional issuers. Two other data points that stand out are the average weighted expense ratio of all ETFs dropping from 0.19% to 0.17% and the revenue from Active ETFs increased 16%. Both indexes experienced positive growth this winter, with the Toroso ETF Industry Index trailing the S&P Financial Select Sector Index in 3-month returns. TETFindex climbed 5.89% and the S&P 16.22% in the past 3 months.
Stance Equity ESG Large Cap Core ETF (ticker: STNC)
BlackRock High Yield Muni Income Bond ETF (ticker: HYMU)
BlackRock Intermediate Muni Income Bond ETF (ticker: INMU)
Hartford Longevity Economy ETF (ticker: HLGE)
Roundhill MVP ETF (ticker: MVP)
Syntax Stratified US Total Market ETF (ticker: SYUS)
TETF.Index Performance vs. S&P Financial Select Sector Index
(as of March 19, 2021)
TETF.Index Performance vs. Other Leading Financial Indices
(March 31, 2017 through March 19, 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.