Market insights and analysis

How dynamic, risk-managed investment solutions are performing in the current market environment

1st Quarter | 2022

Market insights and analysis


Updates on how dynamic, risk-managed investment solutions are performing in the current market environment.

ETF Deathwatch for April 2021

The ETF Deathwatch shrank in April. Sixteen exchange-traded products (“ETPs”) were added to the list, and 20 were removed.

All of the removals were due to increased health. This is no surprise given the strong performance of the S&P 500 Index and the Dow Jones Industrial Average in April.

All of the additions were due to low average daily volume for the past three months, which could be due to the nature of each ETP’s investment product. These ETPs may have enough assets under management (“AUM”) to keep them from closure. However, our system takes into account both AUM and volume. If both remain low, these funds may be considered for closure.

Thirty-nine ETPs on Deathwatch have been in the market for more than 10 years, including many short ETPs.

The average asset level of the threatened ETPs on ETF Deathwatch increased from $9.4 million to $9.84 million, and 21 products had less than $2 million in assets. The average age of products on the list decreased from 56.27 to 55.32, and the number of products at least 5 years of age decreased from 104 to 103. The largest ETP on the list had an AUM of $24.87 million, while the smallest had assets of $686,256.

Here is the Complete List of 294 ETFs and ETNs on ETF Deathwatch for April 2021 compiled using the objective ETF Deathwatch Criteria.

The 16 ETFs/ETNs added to ETF Deathwatch for April:

  1. Innovator S&P 500 Buffer ETF – November (BNOV)
  2. Invesco BulletShares 2028 High Yield Corporate Bond ETF (BSJS)
  3. Invesco BulletShares 2027 Municipal Bond ETF (BSMR)
  4. Invesco BulletShares 2030 Municipal Bond ETF (BSMU)
  5. VictoryShares Emerging Market High Dividend Volatility WTD Index ETF (CEY)
  6. VictoryShares International High Div Volatility Wtd ETF (CID)
  7. DEMZ Political Contributions ETF (DEMZ)
  8. FT Cboe Vest US Equity Deep Buffer ETF – Jul (DJUL)
  9. FT Cboe Vest US Equity Deep Buffer ETF – Jun (DJUN)
  10. Xtrackers MSCI EAFE ESG Leaders Equity ETF (EASG)
  11. FI Enhanced Global High Yield ETN/UBS (FIHD)
  12. Invesco S&P International Developed High Dividend Low Volatility ETF (IDHD)
  13. TrueShares Structured Outcome November ETF (NVMZ)
  14. IQ Hedge Long/Short Tracker ETF (QLS)
  15. VictoryShares Protect America ETF (SHLD)
  16. VictoryShares Top Veteran Employers ETF (VTRN)

The 20 ETFs/ETNs removed from ETF Deathwatch due to improved health:

  1. Franklin FTSE Canada ETF (FLCA)
  2. iShares iBonds Dec 2027 Term Treasury ETF (IBTH)
  3. Invesco Strategic Emerging Markets ETF (ISEM)
  4. iPath Series B Bloomberg Energy Subindex Total Return ETN (JJE)
  5. First Trust India Nifty 50 Equal Weight ETF (NFTY)
  6. ProShares Inflation Expectations ETF (RINF)
  7. TrimTabs All Cap International Free Cash-Flow ETF (TTAI)
  8. Allianzim US Large Cap Buffer10 Jul ETF (AZAL)
  9. AdvisorShares Dorsey Wright Micro-Cap ETF (DWMC)
  10. Global X MSCI SuperDividend EAFE ETF (EFAS)
  11. Franklin FTSE Australia ETF (FLAU)
  12. First Trust Nasdaq Retail ETF (FTXD)
  13. iPath GSCI Total Return Index ETN (GSP)
  14. Pacer Developed Markets International Cash Cows 100 ETF (ICOW)
  15. Legg Mason Global Infrastructure ETF (INFR)
  16. American Century Mid Cap Growth Impact ETF (MID)
  17. Invesco PureBeta FTSE Emerging Markets ETF (PBEE)
  18. Global X Variable Rate Preferred ETF (PFFV)
  19. Invesco Balanced Multi-Asset Allocation ETF (PSMB)
  20. Teucrium Agricultural Fund (TAGS)

Comments are closed.