Week of January 24, 2022 KPI Summary
- This week, the industry experienced 6 ETF launches and 3 closures, shifting the 1-year Open-to-Close ratio to 5.08 and total US ETFs to 2,835.
- The month of January was a down month for the ETF Industry (data will compare 12/31/21 KPIs to 1/30/22).
- Total assets decreased -5.68%, there was an increase of 32 ETFs to total US ETF count (2,835), and 6 additional issuers by brand.
- From our 11 asset class categories, Commodities Derivative increased the most (11.66%) and Geared/Swaps had the worst performance (-12.95%). The two largest asset classes of Equity (77.80% of assets) and Fixed Income (17.55%) dropped -5.68% and -6.57% respectively.
- ETF expense ratio 12-month revenue dropped from $12.21 Billion to $11.88 Billion.
- Lastly, while revenue from Non-Traditional ETFs stayed relatively stagnant, Active revenue surged from 9.67% to 10.56% of total ETF revenue while Traditional ETF revenue declined from 47.56% to 46.24%.
- While ETFs continued to launch, the growth in assets over the last few months dissipated during January.
- The tracked indexes had different experiences in January. The Toroso ETF Industry Index was down -6.91% while the S&P Financial Select Sector Index led at -1.26%.
Global X Disruptive Materials ETF (ticker: DMAT)
iShares MSCI China Multisector Tech ETF (ticker: TCHI)
Strategas Global Policy Opportunities ETF (ticker: SAGP)
Strategas Macro Thematic Opportunities ETF (ticker: SAMT)
Subversive Metaverse ETF (ticker: PUNK)
Clockwise Capital Innovation ETF (ticker: CWC)
Direxion Flight to Safety Strategy ETF (ticker: FLYT)
Direxion Dynamic Hedge ETF (ticker: DYHG)
Direxion Daily Latin America Bull 2X ETF (ticker: LBJ)
First Trust Nasdaq Retail ETF (ticker: FTXD) became
First Trust S-Network E-Commerce ETF (ticker: ICHP)
TETF.Index Performance vs. S&P Financial Select Sector Index
(as of January 28, 2022)
TETF.Index Performance vs. Other Leading Financial Indices
(March 31, 2017 through January 28, 2022)
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 Torosoâ€™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.