Market insights and analysis

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

2nd Quarter | 2022

Market insights and analysis

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

In April, 36 exchange-traded products (“ETPs”) were added to the ETF Deathwatch and 20 were removed, bringing the total to 380.

Eight products were removed due to improved health, and 12 were delisted.

Thirty-four of the additions were due to low trading volume. The low volume in these products could be due to the nature of their investment product. The remaining additions were due to low assets under management (“AUM”). These ETPs may have enough 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-seven ETPs on Deathwatch this month have been in the market for at least 10 years, including many short ETPs.

The average asset level of the threatened ETPs on ETF Deathwatch decreased from $8.94 million to $8.54 million, and 34 products had less than $2 million in assets. The average age of products on the list decreased from 45.59 months to 42.68 months. The number of products at least 5 years of age decreased from 94 to 88. The largest ETP on the list had an AUM of $24.88 million, while the smallest had assets of just $110,300.

Here is the Complete List of 380 ETFs and ETNs on ETF Deathwatch for April 2022 compiled using the objective ETF Deathwatch Criteria.

The 34 ETPs added to ETF Deathwatch for April due to low trading volume:

  1. Apex Healthcare ETF (APXH)
  2. Allianzim US Large Cap Buffer10 Jul Etf (AZAL)
  3. BlackRock Future Innovators ETF (BFTR)
  4. Volt Crypto Industry Revolution and Tech ETF (BTCR)
  5. Roundhill IO Digital Infrastructure ETF (BYTE)
  6. IQ Cleaner Transport ETF (CLNR)
  7. First Trust EIP Carbon Impact ETF (ECLN)
  8. IQ Engender Equality ETF (EQUL)
  9. iShares ESG MSCI USA Min Vol Factor ETF (ESMV)
  10. Euclid Capital Growth ETF (EUCG)
  11. The Future Fund Active ETF (FFND)
  12. USCF Gold Strategy Plus Income ETF (GLDX)
  13. ETFMG Real Estate Tech ETF (HHH)
  14. WisdomTree Alternative Income Fund (HYIN)
  15. iShares Cloud 5G and Tech ETF (IDAT)
  16. iShares Evolved US Media and Entertainment ETF (IEME)
  17. Franklin Intelligent Machines ETF (IQM)
  18. ATAC Credit Rotation ETF (JOJO)
  19. First Trust Multi-Manager Small Cap Opportunities ETF (MMSC)
  20. VanEck Morningstar Global Wide Moat ETF (MOTG)
  21. VanEck Morningstar Global Wide Moat ETF (MOTG)
  22. SmartETFs Smart Transportation & Technology ETF (MOTO)
  23. Amplify Thematic All-Stars ETF (MVPS)
  24. Nuveen ESG Dividend ETF (NUDV)
  25. IQ Clean Oceans ETF (OCEN)
  26. ProShares On-Demand ETF (OND)
  27. Invesco ESG Nasdaq Next Gen 100 ETF (QQJG)
  28. Robinson Alternative Yield Pre-Merger SPAC ETF (SPAX)
  29. Morgan Creek-Exos SPAC Originated ETF (SPXZ)
  30. Fount Subscription Economy ETF (SUBS)
  31. ProShares Smart Materials ETF (TINT)
  32. ProShares Nanotechnology ETF (TINY)
  33. First Trust Dividend Strength (FTDS)
  34. iShares USD Bond Factor ETF (USBF)

The 2 ETPs added to ETF Deathwatch due to low AUM:

  1. First Trust Indxx Medical Devices ETF (MDEV)
  2. Impact Shares MSCI Global Climate Select ETF (NTZO)

The 20 ETPs removed from ETF Deathwatch:

  1. ProShares Morningstar Alternatives Solution ETF (ALTS)
  2. Defiance Next Gen Big Data ETF (BIGY)
  3. Cannabis Growth ETF (BUDX)
  4. ProShares UltraShort Australian Dollar ETF (CROC)
  5. ProShares Short Oil & Gas (DDG)
  6. ProShares Trust - ProShares Short Term USD Emerging Markets Bond (EMSH)
  7. ProShares Short Euro ETF (EUFX)
  8. ProShares Managed Futures Strategy ETF (FUT)
  9. LGBTQ+ ESG100 ETF (LGBT)
  10. Roundhill Pro Sports Media & Apparel ETF (MVP)
  11. ProShares RAFI Long/Short (RALS)
  12. ProShares Short Basic Materials (SBM)
  13. Merlyn AI Best-of-Breed Core Momentum ETF (BOB)
  14. Invesco BulletShares 2028 Municipal Bond ETF (BSMS)
  15. Fidelity Emerging Markets Multifactor ETF (FDEM)
  16. iPath Series B Bloomberg Softs Subindex Total Return ETN (JJS)
  17. iShares MSCI Kuwait ETF (KWT)
  18. First Trust Merger Arbitrage ETF (MARB)
  19. ProShares UltraShort Technology (REW)
  20. Innovator 20+ Year Treasury Bond 5 Floor ETF - July (TFJL)



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