Week of May 10, 2021 KPI Summary
This week, the industry experienced 7 ETF launches and 0 closures, shifting the 2021 1-year Open-to-Close ratio to 1.70 and total US ETFs to 2,499. A down week for assets this past week measured at -1.56%, the lowest in fact since the final week of February 2021, -2.20%. Another data point that stood out was the revenue from traditional and active ETFs dipped with Non-Traditional surging 10.2% from last week to constitute 41.25% of the sector this week. Lastly, the ETF expense ratio 12-month revenue jumped 5.0% from the previous week to $11.36 Billion currently. Both indexes experienced minimal change this week, Toroso ETF Industry Index was down -0.55% while the S&P Financial Select Sector Index led at 0.32%.
Simplify Interest Rate Hedge ETF (ticker: PFIX)
6 Meridian Quality Growth ETF (ticker: SXQG)
SoFi Weekly Dividend ETF (ticker: WKLY)
ETFMG US Alternative Harvest ETF (ticker: MJUS)
First Trust New York High Income Municipal ETF (ticker: FMNY)
Simplify Volatility Premium ETF (ticker: SVOL)
SonicShares™ Airlines, Hotels, Cruise Lines ETF (ticker: TRYP)
TETF.Index Performance vs. S&P Financial Select Sector Index
(as of May 14, 2021)
TETF.Index Performance vs. Other Leading Financial Indices
(March 31, 2017 through May 14, 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.