Week of April 8, 2024 KPI Summary
Ryan Fitzgerald- This week, the industry experienced 10 ETF launches and 0 closures, shifting the 1-year Open-to-Close ratio to 2.18 and total US ETFs to 3,477.
- Let’s take a look at the 2024 1st Quarter performance for the ETF industry (comparing data from 12/31/23 and 4/1/24).
- Total assets increased approximately 9.1%, there was an increase of 75 ETFs to total US ETF count (3,452), and +11 issuers by brand.
- From our 11 asset class categories, Commodities Physical increased the most (33.9%) with Managed Futures next (22.3%). Currency had the worst performance (-9.7%) with Fixed Income at second worst (2.3%). The two largest asset classes of Equity (77.3% of assets) and Fixed Income (17.1%) rose 9.9% and 2.3% respectively.
- Currency’s 14 ETFs now total approximately $1.57 Billion, down 52% over the last 15 months.
- On the other hand, Equities are up $1.89 Trillion, up 38% over the last 15 months.
- ETF expense ratio 12-month revenue increased from $12.9 Billion to $14.2 Billion.
- The 1st Quarter has been strong. All three months had positive asset performance with only one category in the red (Currency) over the quarter.
- The tracked indexes experienced similar performance in Q1. The Toroso ETF Industry Index was up 7.52% while the S&P Financial Select Sector Index trailed at 12.46%.
ETF Launches
Carbon Collective Short Duration Green Bond ETF (ticker: CCSB)
Fidelity Dynamic Buffered Equity ETF (ticker: FBUF)
Fidelity Hedged Equity ETF (ticker: FHEQ)
Fidelity Yield Enhanced Equity ETF (ticker: FYEE)
Westwood Salient Enhanced Midstream Income ETF (ticker: MDST)
StockSnips AI-Powered Sentiment US ALL Cap ETF (ticker: NEWZ)
Obra High Grade Structured Products ETF (ticker: OGSP)
Obra Opportunistic Structured Products ETF (ticker: OOSP)
Performance Trust Short Term Bond ETF (ticker: STBF)
Strive Mid-Cap ETF (ticker: STXM)
ETF Closures
None
Fund/Ticker Changes
None
TETF.Index Performance vs. S&P Financial Select Sector Index
(as of April 12, 2024)
TETF.Index Performance vs. Other Leading Financial Indices
(March 31, 2017 through April 12, 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.
