Week of January 15, 2024 KPI Summary
Ryan Fitzgerald- This week, the industry experienced 9 ETF launches and 0 closures, shifting the 1-year Open-to-Close ratio to 2.09 and total US ETFs to 3,403.
- The 3,400 total ETFs mark has officially been crossed! The industry reached 3,100 ETFs exactly 1 year ago.
- While it took about a year to get from 3,000 to 3,200, it’s taken only 5 months to get the next 200. We reported the largest influx in September with 78 launches in 3 weeks alone.
- The most recent 100 ETFs have been across the last 15 weeks. Amazingly, there have been 82 closures in that time period, and the industry is still up +102 funds.
- While there is plenty of trimming of outdated and unsuccessful funds, it appears there is plenty of innovation and faith in new launches.
- In the last 15 weeks (since 10/9/23), total issuers have also increased from 297 to 310. From 3,200 to 3,300 ETFs, issuers only increased +6 for contrast.
- In previous iterations of these +100 ETF milestone updates, we have noted that it took exactly 147 days from 2,900 to 3,000 total ETFs AND 3,000 to 3,100 ETFs – a strange coincidence. Well, that trend has not continued with the last 3 time periods being 217 days, 42 days, and 105 days respectively (121.3 day average).
- As luck would have it though, the last 200 ETFs are 42 days + 105 days = 147 days!
- The tracked indexes experienced similar performance last week. The Toroso ETF Industry Index was down 0.33% while the S&P Financial Select Sector Index led at 0.96%.
ETF Launches
Calamos CEF Income & Arbitrage ETF (ticker: CCEF)
CCM Global Equity ETF (ticker: CCMG)
iShares Paris-Aligned Climate MSCI World Ex USA ETF (ticker: PABD)
The Brinsmere Fund – Conservative ETF (ticker: TBFC)
The Brinsmere Fund – Growth ETF (ticker: TBFG)
Federated Hermes Total Return Bond ETF (ticker: FTRB)
MAX S&P 500 4X Leveraged ETN (ticker: XXXX)
Roundhill Bitcoin Covered CaII Strategy ETF (ticker: YBTC)
YieldMax Universe Fund Of Option Income ETF (ticker: YMAX)
ETF Closures
None
Fund/Ticker Changes
None
TETF.Index Performance vs. S&P Financial Select Sector Index
(as of January 19, 2024)
TETF.Index Performance vs. Other Leading Financial Indices
(March 31, 2017 through January 19, 2024)
Why Follow the ETF Industry KPIs
The team at Tidal Investments, originally operating as Toroso Investments, began tracking the ETF Industry Key Performance Indicators (KPIs) in the early 2000s and have been consistently reporting on, and analyzing these metrics ever since. This diligent tracking was the catalyst for the creation of the TETF.Index, an index that tracks the ETF industry. Now, as part of the Tidal Financial Group, which is affiliated with Tidal Investments, LLC, we are positioned to provide even more in-depth analysis and insights. 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 TETF.Index.
DISCLAIMER
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 Tidal Investments, LLC (formerly known as Toroso Investments, LLC) has gathered the information presented from sources that it believes to be reliable, Tidal Investments, LLC 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 Tidal Investments, LLC’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.
