Week of April 22, 2024 KPI Summary
Ryan Fitzgerald- This week, the industry experienced 5 ETF launches and 7 closures, shifting the 1-year Open-to-Close ratio to 2.23 and total US ETFs to 3,477.
- It’s time for our monthly update to review some notable KPIs from April thus far (data comparing 3/31/24 – 4/28/24).
- Total assets decreased -2.4%, there was an increase of 25 ETFs to total US ETF count (3,477), and +9 issuers by brand.
- From our 11 asset class categories, Currency increased the most (8.86%) with Managed Futures next (8.85%). Volatility had the worst performance (-8.3%) with Geared/Swaps at second worst (-6.6%). The two largest asset classes of Equity (76.9% of assets) and Fixed Income (17.3%) dipped -2.8% and -1.1% respectively.
- After being in the bottom two since December, Currency is atop the categories in April.
- Commodities Physical category has risen approximately 36.4% over the last 3 months.
- Back-to-back months with Managed Futures (a category of only 5 ETFs) in the top two categories; an AUM increase of 21.8% since 3/4/24.
- The ETF expense ratio annual revenue increased from $14.2 Bn to $14.3 Bn.
- Very interesting to see this increase in a down month for total assets.
- After 5 consecutive months of increased AUM, April is the first drop of 2024. Another 9 issuers is a standout number after +9 last month as well. An increase of 25 ETFs is close to normal, but fairly low considering there were only 8 closures in April.
- The tracked indexes had similar experiences in April. The Toroso ETF Industry Index was down -1.81% while the S&P Financial Select Sector Index led at -1.33%.
ETF Launches
FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF – April (ticker: XAPR)
FT Vest Nasdaq-100 Conservative Buffer ETF – April (ticker: QCAP)
Optimize Strategy Index ETF (ticker: OPTZ)
Themes Robotics & Automation ETF (ticker: BOTT)
YieldMax Bitcoin Option Income Strategy ETF (ticker: YBIT)
ETF Closures
Global X MSCI China Utilities ETF (ticker: CHIU)
IQ Chaikin US Small Cap ETF (ticker: CSML)
iM RBA Responsible Global Allocation ETF (ticker: IRBA)
IQ Ultra Short Duration ETF (ticker: ULTR)
Anfield Capital Diversified Alternatives ETF (ticker: DALT)
FlexShares ESG & Climate Emerging Markets Core Index Fund ETF (ticker: FEEM)
ProShares S&P 500® Bond ETF (ticker: SPXB)
Fund/Ticker Changes
None
TETF.Index Performance vs. S&P Financial Select Sector Index
(as of April 26, 2024)
TETF.Index Performance vs. Other Leading Financial Indices
(March 31, 2017 through April 26, 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.
