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ETF Industry KPI – 7/16/2023

Week of July 10, 2023 KPI Summary

Ryan Fitzgerald

  • This week, the industry experienced 11 ETF launches and 2 closures, shifting the 1-year Open-to-Close ratio to 2.02 and total US ETFs to 3,198.
    • The US ETF industry had a great past week in assets!  
  • The 1-week change was +2.90%, which ranks 16th of the last 200 weeks and tied for the best of 2023 with April 2nd.
    • Total assets are +14.8% YTD. Here is the comparison at this time in mid-July in previous years:
      • 2022: -13.5%
      • 2021: 18.7%
      • 2020: 2.5%
      • 2019: 17.8%
      • 2018: 3.2%
  • Unsurprisingly, this week’s Total US Assets, $7.47 Trillion, is the highest in 5 years. Additionally, the Active ETF 12-month Revenue of 13.41% is also the all-time highest.
  • The tracked indexes experienced similar performances last week. The Toroso ETF Industry Index was up 3.49% while the S&P Financial Select Sector Index led at 1.98%.

      ETF Launches

      Principal Focused Blue Chip ETF (ticker: BCHP)
      Xtrackers Cybersecurity Select Equity ETF (ticker: PSWD)
      Xtrackers Semiconductor Select Equity ETF (ticker: CHPS)
      Xtrackers US Green Infrasturcture Select Equity ETF (ticker: UPGR)
      Texas Capital Texas Equity Index ETF (ticker: TXS)
      Simplify Multi-QIS Alternative ETF (ticker: QIS)
      Schwab High Yield Bond ETF (ticker: SCYB)
      Goldman Sachs North American Pipelines & Power Equity ETF (ticker: GPOW)
      Global X US Cash Flow Kings 100 ETF (ticker: FLOW)
      Blueprint Chesapeake Multi-Asset Trend ETF (ticker: TFPN)
      BlackRock Short-Term California Muni Bond ETF (ticker: CALY)

      ETF Closures

      FlexShares ESG & Climate High Yield Corporate Core ETF (ticker: FEHY)
      VanEck Muni Allocation ETF (ticker: MAAX)

      Fund/Ticker Changes

      Matthews Korea Fund (ticker: MAKOX)
      became Matthews Korea Active ETF (ticker: MKOR)

      TETF.Index Performance vs. S&P Financial Select Sector Index

      (as of July 14, 2023)

      TETF.Index Performance vs. Other Leading Financial Indices
      (March 31, 2017 through July 14, 2023)

      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.

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