Week of April 24, 2023 KPI Summary
- This week, the industry experienced 6 ETF launches and 0 closures, shifting the 1-year Open-to-Close ratio to 2.11 and total US ETFs to 3,139.
- March was a steady month after a volatile start to the year and April was similar with a few notable changes (data comparing 4/2/2023 to 4/30/2023):
- Total assets increased 1.15%, there was an increase of 0 ETFs to total US ETF count (3,139), and 7 additional issuers by brand.
- From our 11 asset class categories, Options increased the most (9.1%) with Volatility next (4.8%). Currency had the worst performance (-4.2%) with Commodities Derivative not far behind (-3.1%). The two largest asset classes of Equity (76.0% of assets) and Fixed Income (19.4%) were similar at 1.5% and 1.6% respectively.
- The ETF expense ratio annual revenue stayed firm at $11.7 Bn.
- In the past 16 months, the second lowest change of total ETFs for each month has been +8, in August of 2022. This past month was the lowest with no change. Oddly, there was an increase of 7 new issuers during the same time period. Besides October and November of 2022, March and April 2023 is the only consecutive positive increase in month-to-month assets in the past 16 months.
- The tracked indexes had differing experiences in April. The Toroso ETF Industry Index was up 0.4% while the S&P Financial Select Sector Index led at 3.2%.
FT Cboe Vest U.S. Equity Moderate Buffer ETF – April (ticker: GAPR)
Morgan Dempsey Large Cap Value ETF (ticker: MDLV)
DriveWealth ICE 100 Index ETF (ticker: CETF)
FT Cboe Vest DJIA® Dogs 10 Target Income ETF (ticker: DOGG)
Harbor Small Cap Explorer ETF (ticker: QWST)
Columbia Research Enhanced ReaI Estate ETF (ticker: CRED)
TETF.Index Performance vs. S&P Financial Select Sector Index
(as of April 28, 2023)
TETF.Index Performance vs. Other Leading Financial Indices
(March 31, 2017 through April 28, 2023)
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.