Week of December 14, 2020 KPI Summary
This week, the industry experienced 4 new ETF launches and a shocking 15 closures. The Open-to-Close ratio dropped from 0.95 to 0.89 and total US ETFs decreased to 2,298. US ETF assets increased from $5.32 to $5.34 Tn this week, and YTD rose over 2.5% to 22.88%. This is tacking onto the bull market of the last 3 months. Referencing the September 21st KPIs, US ETF assets have surged nearly $800 Bn in the past 3 months, around 14% of ETF’s total assets. In that same period, ETF Expense Ratio 12-month revenue has escalated from $8.48 to $10.08 Bn and added 11 more issuers to the ETF industry.
Both indexes experienced minimal change this week, but the Toroso ETF Industry Index is still outperforming the S&P Financial Select Sector Index in YTD returns. TETFindex stands at 23.7% YTD, while S&P stands at negative -5.4% YTD.
ETF Launches
Distillate International Fundamental Stability & Value ETF (ticker: DSTX)
First Trust International Developed Cap Strength ETF (ticker: FICS)
SPAC and New Issue ETF (ticker: SPCX)
Direxion World Without Waste ETF (ticker: WWOW)
ETF Closures
DB Commodity Double Long ETN (ticker: DYY)
DB Base Metals Double Long ETN (ticker: BDD)
DB Base Metals Double Short ETN (ticker: BOM)
DB Crude Oil Long ETN (ticker: OLO)
VelocityShares VIX Short-Term ETN (ticker: VIIX)
VelocityShares Daily Inverse VIX Medium-Term ETN (ticker: ZIV)
iPath® Pure Beta Crude Oil ETN (ticker: OLEM)
VelocityShares 3x Inverse Gold ETN (ticker: DGLD)
VelocityShares 3x Inverse Silver ETN (ticker: DSLV)
VelocityShares 3x Long Gold ETN (ticker: UGLD)
Guggenheim BulletShares 2020 Corporate Bond ETF (ticker: BSCK)
Guggenheim BulletShares 2020 High Yield Corporate Bond ETF (ticker: BSJK)
iShares iBonds December 2020 Term Corporate ETF (ticker: IBDL)
Natixis Seeyond International Minimum Volatility ETF (ticker: MVIN)
Perth Mint Physical Gold ETF (ticker: AAAU)
TETF.Index Performance vs. S&P Financial Select Sector Index
(as of December 18, 2020)
TETF.Index Performance vs. Other Leading Financial Indices
(March 31, 2017 through December 18, 2020)
Why Follow the ETF Industry KPIs
The team at Toroso Investments began tracking the ETF Industry Key Performance Indicators (KPI’s) in the early 2000’s and have been consistently reporting on, and analyzing these metrics ever since. The table above was the impetus for the creation of the TETF.Index, the index that tracks the ETF industry. 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 TEFT.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 Toroso has gathered the information presented from sources that it believes to be reliable, Toroso 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 Toroso’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.
