Week of February 21, 2022 KPI Summary
This week, the industry experienced 14 new ETF launches and one closure, shifting the 1-year Open-to-Close ratio to 5.11 and total US ETFs to 2,878.
The month of February was a calm month for the ETF Industry (data will compare 1/30/22 KPIs to 2/28/22).
Total assets increased a mere 0.64%, there was an increase of 43 ETFs to total US ETF count (2,878), and 6 additional issuers by brand.
From our 11 asset class categories, Commodities Derivative increased the most (13.66%) and Preferred Stock had the worst performance (-4.81%).The two largest asset classes of Equity (77.93% of assets) and Fixed Income (17.25%) rose 0.80% and dipped slightly -1.08% respectively.
ETF expense ratio 12-month revenue rose from $11.88 Billion to $12.00 Billion.
There was not a significant change in revenues from Active, Non-traditional Beta, and Traditional Beta as well as the ETF market share listings from the exchanges.
February continues the trend of consistent ETF launches, limited closures, and steady increase of issuers while assets halted their slide from January.
The tracked indexes had different experiences in February. The Toroso ETF Industry Index was down -0.71% while the S&P Financial Select Sector Index led at 1.64%.
Convergence Long/Short Equity ETF(ticker: CLSE)
– formerly the mutual fund Convergence Long/Short Equity Fund (ticker: MARNX)
First Trust S-Network Global E-Commerce ETF(ticker: ISHP)
– formerly First Trust Nasdaq Retail ETF (ticker: FTXD)
Capital Group Core Equity ETF(ticker: CGUS)
Capital Group Core Plus Income ETF (ticker: CGCP)
Capital Group Dividend Value ETF (ticker: CGDV)
Capital Group Global Growth Equity ETF (ticker: CGGO)
Capital Group Growth ETF (ticker: CGGR)
Capital Group International Focus Equity ETF (ticker: CGXU)
Dimensional US High Profitability ETF (ticker: DUHP)
Dimensional US Real Estate ETF (ticker: DFAR)
Dimensional US Small Cap Value ETF (ticker: DFSV)
Global X Dow 30 Covered Call ETF (ticker: DJIA)
Harbor Corporate Culture Leaders ETF (ticker: HAPY)
Home Appreciation US REIT ETF (ticker: HAUS)
Large Cap Growth Index-Linked ETN due 2028 (ticker: FRLG)
TETF.Index Performance vs. S&P Financial Select Sector Index
(as of February 25, 2022)
TETF.Index Performance vs. Other Leading Financial Indices
(March 31, 2017 through February 25, 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.