Week of November 25, 2024 KPI Summary
The ETF industry had a sluggish Thanksgiving week, highlighted by 5 ETF closures.
- The current 1 Year ETF Open-to-Close ratio dipped to 3.55.
- The total number of US ETFs also fell to 3,848.
Our Toroso ETF Industry Index, which tracks companies generating revenue from the ETF ecosystem, rose 1.19% last week, outperforming the S&P Financial Select Sector Index, which rose by 1.11%.
ETF activity from the past week includes:
Roundhill closes 4 Funds: The delisting of several Roundhill ETFs, including LNGG (Roundhill Alerian LNG ETF), MAGQ (Roundhill Daily Inverse Mag Seven ETF), KNGS (Roundhill S&P Dividend Monarchs ETF), and LUXX (Roundhill S&P Global Luxury ETF), highlight the challenges niche ETFs can face in maintaining sufficient AUM and trading volume.
Arch Indices Delists: Arch Indices has withdrawn its sole fund, the Arch Indices VOI Absolute Income ETF (VWI), from the market. This ETF aimed to optimize income generation while reducing volatility through a proprietary weighting strategy.
ETF Launches
None
ETF Closures
Arch Indices VOI Absolute Income ETF (ticker: VWI)
Roundhill Alerian LNG ETF (ticker: LNGG)
Roundhill Daily Inverse Magnificent Seven ETF (ticker: MAGQ)
Roundhill S&P Dividend Monarchs ETF (ticker: KNGS)
Roundhill S&P Global Luxury ETF (ticker: LUXX)
Fund/Ticker Changes
None
TETF.Index Performance vs. S&P Financial Select Sector Index
(as of November 29, 2024)
TETF.Index Performance vs. Other Leading Financial Indices
(March 31, 2017 through November 29, 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.
