Week of January 29, 2024 KPI Summary
Ryan Fitzgerald- This week, the industry experienced 12 ETF launches and 2 closures, shifting the 1-year Open-to-Close ratio to 2.17 and total US ETFs to 3,431.
- It’s time for our monthly update to review some notable KPIs from January (data comparing 12/31/23 – 2/5/23).
- Total assets increased 1.8%, there was an increase of 54 ETFs to total US ETF count (3,431), and 4 additional issuers by brand.
- From our 11 asset class categories, Options increased the most (5.5%) with Managed Futures next (4.0%). Commodities Derivative had the worst performance (-4.5%) with Currency at second worst (-4.0%). The two largest asset classes of Equity (76.7% of assets) and Fixed Income (18.1%) jumped 2.0% and 0.9% respectively.
- The ETF expense ratio annual revenue increased from $12.9 Bn to $13.2 Bn.
- January was a positive month for the ETF industry with assets up and the second largest increase in total funds (+54) in the last 24 months behind September 2023 (+62). This is three consecutive months of positive asset change (Nov – Jan) after 3 months of negative (Aug – Oct).
- The tracked indexes had very different experiences in January. The Toroso ETF Industry Index was up 3.3% while the S&P Financial Select Sector Index trailed at -1.8%.
ETF Launches
DoubleLine Commodity ETF (ticker: DCMT)
DoubleLine Fortune 500 Equal Weight ETF (ticker: DFVE)
PGIM US Large-Cap Buffer 12 ETF – February (ticker: FEBP)
PGIM US Large-Cap Buffer 20 ETF – February (ticker: PBFB)
AllianzIM US Large Cap 6 Month Buffer10 February/August ETF (ticker: SIXF)
AllianzIM US Large Cap 6 Month Floor5 January/July ETF (ticker: FLJJ)
Miller Value Partners Appreciation ETF (ticker: MVPA)
Neuberger Berman Option Strategy ETF (ticker: NBOS)
NEOS Nasdaq-100® High Income ETF (ticker: QQQI)
Vanguard California Tax-Exempt Bond ETF (ticker: VTEC)
Vanguard Intermediate-Term Tax-Exempt Bond ETF (ticker: VTEI)
YieldMax Magnificent 7 Fund of Options Income ETFs (ticker: YMAG)
ETF Closures
Pacer Metaurus US Large Cap Dividend Multiplier 300 ETF (ticker: TRPL)
VanEck Bitcoin Strategy ETF (ticker: XBTF)
Fund/Ticker Changes
DoubleLine Commercial Real Estate ETF (ticker: DCMB) became
DoubleLine Commercial Real Estate ETF (ticker: DCRE)
Strategy Shares Gold-Hedged Bond ETF (ticker: GLDB) became
Strategy Shares Gold-Hedged Bond ETF (ticker: GOLY)
TETF.Index Performance vs. S&P Financial Select Sector Index
(as of February 2, 2024)
TETF.Index Performance vs. Other Leading Financial Indices
(March 31, 2017 through February 2, 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.
