Week of September 12, 2022 KPI summary

This week, the industry experienced 19 ETF launches and 4 closures, shifting the 1-year Open-to-Close ratio to 3.47 and total US ETFs to 3,020

Football season is back for College Football and NFL fans alike. Yesterday in the NFL, there were 3 historic comeback victories by the Arizona Cardinals, Miami Dolphins, and New York Jets. Sportsbooks had Dolphins and Cardinals as long as 25-1 late in the games with the Jets even 175-1! This got us thinking, which ETFs have had a comeback performance lately?

> Of the 100 worst performing ETFs from 2021, 47 have positive change in 2022 YTD. As you can imagine, 40 of the 47 are Inverse ETFs with the remaining being leverage (3) and Exposure equities (4).

> > The best performing Inverse ETF of the group is Direxion Daily Dow Jones Internet Bear 3X ETF (WEBS) at 109.4% change. The best performing Equity YTD is iShares MSCI Turkey ETF (TUR) at 33.1% change. Lastly, the top Leveraged ETF YTD is MicroSectors™ US Big Banks Index 3X Inverse Leveraged ETN (BNKD) at 15.4%.

> Of the 100 worst performing ETFs of 2022 YTD (ranging -100% to -46%). Only 3 have positive performance over the past month.  

> > The top comeback ETF by far is ProShares UltraShort Bloomberg Natural Gas (KOLD) in this category at 28.3% 1-month, yet -94.6% YTD.

> Surprisingly, 58 of the 100 have had positive change over a 3-month time period. This category is pretty evenly split between Geared/Swaps and Equity ETFs. 

> > Top performing Geared/Swaps ETF is Direxion Daily S&P Biotech Bull 3X ETF (LABU) at 86.4%.

> > Top performing Equity is First Trust SkyBridge Crypto Industry and Digital Economy ETF (CRPT) at 21.4%.

It’s been a difficult year for ETF performance across various segments, but comeback stories – historic performance or otherwise – are real and fun to see.

The tracked indexes had a negative change last week. The Toroso ETF Industry Index was down -4.93% while the S&P Financial Select Sector Index led at -3.77%.