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ETF Industry KPIs – 5/20/2024
This week, the industry experienced 11 ETF launches and 1 closure, shifting the 1-year Open-to-Close ratio to 2.25 and total US ETFs to 3,511.
- This week, the industry experienced 11 ETF launches and 1 closure, shifting the 1-year Open-to-Close ratio to 2.25 and total US ETFs to 3,511.
- Happy National “Be a Millionaire Day”, where you wonder what it’s like to be a millionaire or be grateful for being one! As a result, let’s look at the ETFs that have likely helped create some millionaires thus far in 2024 with the top performers in assets YTD.
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- Nvidia ETFs -The top 3, no surprise, are NVDX (202% YTD), NVDL (175.5%), and NVDU (135.9%); all Nvidia leveraged ETFs with the NVDA boom this year. NVDL is the largest of the three at $1.9 Billion.
- Bitcoin ETFs - There are 10 Bitcoin ETFs inside the top 30 YTD performers, with 7 of them in the top 16. BITX, 2x Bitcoin Strategy ETF, is leading the pack at 83.6% YTD. The next 6 are bunched up between 49.7 – 55.6% with MAXI at the top.
- Cannabis ETFs - 6 Cannabis ETFs are inside the top 50 performers YTD, however none cracked the top 20.AdvisorShares MSOS 2x Daily ETF, MSOX, leads the group at 41.4% YTD and has the highest price at 95 bps (average of the remaining 5 is 63 bps).The group averaged 36.7% with a tight range of 31.8 – 41.4% YTD. Over the past year, Roundhill’s ‘WEED’ has dominated the group with a 94.8% increase in total revenues.
- The remaining two ETFs inside the top 10 that didn’t make a category above are ProShares Ultra Silver (AGQ) and Direxion Daily FTSE China Bull 3X ETF (YINN).
- The tracked indexes experienced similar performance last week. The Toroso ETF Industry Index was down 2.85% while the S&P Financial Select Sector Index led at 1.39%.
ETF Launches
Anydrus Advantage ETF (ticker: NDOW)
Direxion Daily AI and Big Data Bear 2X ETF (ticker: AIBD)
Direxion Daily AI and Big Data Bull 2X ETF (ticker: AIBU)
JPMorgan Active Developing Markets Equity ETF (ticker: JADE)
Macquarie Focused Large Growth ETF (ticker: LRGG)
Peerles Option Income Wheel ETF (ticker: WEEL)
PGIM US Large-Cap Buffer 12 ETF – October (ticker: OCTP)
PGIM US Large-Cap Buffer 12 ETF – September (ticker: SEPP)
PGIM US Large-Cap Buffer 20 ETF – October (ticker: PBOC)
PGIM US Large-Cap Buffer 20 ETF – September (ticker: PBSE)
Virtus AlphaSimplex Managed Futures ETF (ticker: ASMF)
ETF Closures
Opportunistic Trader ETF (ticker: WZRD)
Fund/Ticker Changes
None
TETF.Index Performance vs. S&P Financial Select Sector Index
(as of May 17, 2024)
TETF.Index Performance vs. Other Leading Financial Indices
(March 31, 2017 through May 17, 2024)
Segments
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Mentioned ETFs
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Further reading
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Active Trader Report: Use of Leveraged & Inverse ETFs Way Up
Direxion partnered with Compound Insights and Vanda to explore what’s driving the evolution of active trading — and how active traders are using leveraged and inverse funds across equities, single stocks, commodities, and volatility.
