Week of March 4, 2024 KPI Summary
Ryan Fitzgerald- This week, the industry experienced 17 ETF launches and 0 closures, shifting the 1-year Open-to-Close ratio to 2.03 and total US ETFs to 3,438.
- On March 11, 2020, the WHO declared COVID-19 a global pandemic. As we cross the 4-year mark, let’s take a quick look at the ETF industry since then (data comparing 3/16/2020 to 3/10/2024).
- Total Assets are up 126.9% over the past 4 years (~$3.8T to $8.6T), an increase of 1,122 ETFs to total US ETF count (3,438), and 167 additional issuers by brand (a 115.2% increase).
- The two largest asset classes of Equity (78.7% of assets) and Fixed Income (17.9%) rose 138.3% and 80.1% respectively.
- ETF expense ratio 12-month revenue rose from $6.8 Billion to $13.8 Billion.
- Luckily most Americans’ covid masks are now collecting dust. On the other hand, the ETF industry is not collecting dust and practically doubled in most categories in the last 4 years!
- The tracked indexes experienced similar performance last week. The Toroso ETF Industry Index was up 1.59% while the S&P Financial Select Sector Index trailed at 0.84%.
ETF Launches
Sprott Copper Miners ETF (ticker: COPP)
Cullen Enhanced Equity Income ETF (ticker: DIVP)
Simplify Tara India Opportunities ETF (ticker: IOPP)
iREIT MarketVector Quality REIT Index ETF (ticker: IRET)
Monarch Dividend Plus ETF (ticker: MDPL)
Monarch Select Subsector ETF (ticker: MSSS)
Monarch Volume Factor Dividend Tree ETF (ticker: MVFD)
Monarch Volume Factor Global Unconstrained ETF (ticker: MVFG)
Nuveen Core Plus Bond ETF (ticker: NCPB)
Nuveen Preferred and Income ETF (ticker: NPFI)
Nuveen Sustainable Core ETF (ticker: NSCR)
Nuveen Ulta Short Income ETF (ticker: NUSB)
Roundhill N-100 0DTE Covered Call Strategy ETF (ticker: QDTE)
Roundhill S&P 500 0DTE Covered Call Strategy ETF (ticker: XDTE)
Direxion Daily Concentrated Qs Bear 1X ETF (ticker: QQQD)
Direxion Daily Concentrated Qs Bull 2X ETF (ticker: QQQU)
Defiance S&P 500 Target Income ETF (ticker: SPYT)
ETF Closures
None
Fund/Ticker Changes
First Trust Large Cap US Equity Select ETF (ticker: RNLC)
became First Trust Bloomberg Shareholder Yield ETF (ticker: SHRY)
USCF Gold Strategy Plus Income Fund (ticker: GLDX)
became USCF Gold Strategy Plus Income Fund (ticker: USG)
TETF.Index Performance vs. S&P Financial Select Sector Index
(as of March 8, 2024)
TETF.Index Performance vs. Other Leading Financial Indices
(March 31, 2017 through March 8, 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.
