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ETF Industry KPIs – 1/2/2024
This week, the industry experienced 1 ETF launch and 8 closures, shifting the 1-year Open-to-Close ratio to 2.05 and total US ETFs to 3,377.
- This week, the industry experienced 1 ETF launch and 8 closures, shifting the 1-year Open-to-Close ratio to 2.05 and total US ETFs to 3,377.
- In our last KPI article, we celebrated US ETF assets crossing the $8 Trillion mark. With back-to-back positive 1-week changes since then, today’s $8.13 Trillion is the new record high for the industry. Let’s see how December did overall in a few noteworthy metrics we track (data comparing 12/3/23 – 12/31/23).Total assets increased 5.2%, there was an increase of 24 ETFs to total US ETF count (3,377), and 4 additional issuers by brand.From our 11 asset class categories, Geared/Swaps increased the most (7.7%) with Allocation next (5.9%). Currency had the worst performance (-9.2%) with Volatility at second worst (-8.4%). The two largest asset classes of Equity (76.6% of assets) and Fixed Income (18.2%) jumped 5.8% and 3.0% respectively.After 3 consecutive months (Aug – Oct) with Geared/Swaps in the bottom two performing categories, it moves to #1 for November and December.On the other hand, Volatility is bottom 2 for November and December after coming off consecutive months in the top 2 (Sept – Oct).The ETF expense ratio annual revenue increased from $12.3 Bn to $12.9 Bn.This is the highest ETF Expense Ratio Annual Revenue ever recorded for US ETF industry.This metric has been in the 12s in 46 different weeks in the past 3 years, never 12.9 or higher.
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- December ended 2023 on a positive note in the ETF industry. It was the 3rd largest increase in assets behind November (11.4%) and January (7.8%). With an uptick in closures, the +24 ETFs sit in the middle of the pack for total ETFs month over month, yet the lowest since July (+19). From August on, we have seen +23 issuers to the industry, a massive and consistent increase month to month (+4 lowest and +6 highest in 5-month span).
- Lastly, the last two weeks have set record highs in “ETFs launched in the last 12-months” with +512 last week and +514 the week before that (12/17/23 – 12/24/23).
- The tracked indexes had different positive experiences in December. The Toroso ETF Industry Index was up 10.2% while the S&P Financial Select Sector Index trailed at 5.4%.
ETF Launches
Cyber Hornet S&P 500 and Bitcoin 75/25 Strategy ETF (ticker: ZZZ)
ETF Closures
Invesco BulletShares 2023 Corporate Bond ETF (ticker: BSCN)
Invesco BulletShares 2023 High Yield Corporate Bond ETF (ticker: BSJN)
Invesco BulletShares 2023 Municipal Bond ETF (ticker: BSMN)
JPMorgan Sustainable Consumption ETF (ticker: CIRC)
JPMorgan Social Advancement ETF (ticker: UPWD)
Merk Stagflation ETF (ticker: STGF)
Corbett Road Tactial Opportunity ETF (ticker: OPPX)
Armor US Equity Index ETF (ticker: ARMR)
Fund/Ticker Changes
None
TETF.Index Performance vs. S&P Financial Select Sector Index
(as of December 29, 2023)
TETF.Index Performance vs. Other Leading Financial Indices (March 31, 2017 through December 29, 2023)
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Further reading
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