Market insights and analysis

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

1st 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 February, 17 exchange-traded products (“ETPs”) were added to the ETF Deathwatch list and 19 were removed, bringing the total to 360.

Fifteen products were removed due to improved health and four were delisted.

All of the additions to the list were due to low trading volume. The low volume in these products could be due to the nature of their 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.

Forty-two 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 $9.36 million to $9.09 million, and 32 products had less than $2 million in assets. The average age of products on the list decreased from 48.03 months to 47.94 months. The number of products at least 5 years of age decreased from 100 to 99. The largest ETP on the list had an AUM of $24.78 million, while the smallest had assets of just $228,624.

Here is the Complete List of 360 ETFs and ETNs on ETF Deathwatch for February 2022 compiled using the objective ETF Deathwatch Criteria.

The 17 ETPs added to ETF Deathwatch for February:

  1. Virtus LifeSci Biotech Product ETF (BBP)
  2. First Trust BICK Index Fund (BICK)
  3. Amplify Digital & Online Trading ETF (BIDS)
  4. ETFMG Breakwave Sea Decarbonization Tech ETF (BSEA)
  5. Direxion Daily US Infrastructure Bull 2X Shares (DOZR)
  6. AltShares Event-Driven ETF (EVNT)
  7. ProShares Ultra MSCI Japan (EZJ)
  8. FlexShares ESG & Climate US Large Cap Core Index Fund (FEUS)
  9. Fidelity Sustainable U.S. Equi (FSST)
  10. LifeGoal Home Down Payment Investment ETF (HOM)
  11. Renaissance International IPO ETF (IPOS)
  12. ETRACS 2x Leveraged US Size Factor TR ETN (IWML)
  13. LifeGoal Conservative Wealth B (SAVN)
  14. Alphamark Actively Managed Small Cap ETF (SMCP)
  15. US Value ETF (USVT)
  16. LifeGoal Wealth Builder ETF (WLTH)
  17. Global X Wind Energy ETF (WNDY)

The 15 ETPs removed from ETF Deathwatch due to improved health:

  1. AltShares Merger Arbitrage ETF (ARB)
  2. Distillate International Fundamental Stability & Value ETF (DSTX)
  3. John Hancock Mortgage-Backed Securities ETF (JHMB)
  4. Leatherback Long/Short Alternative Yield ETF (LBAY)
  5. Cambria Value and Momentum ETF (VAMO)
  6. Invesco BulletShares 2028 High Yield Corporate Bond ETF (BSJS)
  7. Global X MSCI China Energy ETF (CHIE)
  8. Global X MSCI China Materials ETF (CHIM)
  9. Direxion Daily Cloud Computing Bear 2X Shares (CLDS)
  10. iShares Emerging Markets Infrastructure ETF (EMIF)
  11. JPMorgan US Minimum Volatility ETF (JMIN)
  12. Pacer Swan SOS Moderate January ETF (PSMD)
  13. Sound Enhanced Fixed Income ETF (SDEF)
  14. Simplify US Equity PLUS Upside Convexity ETF (SPUC)
  15. ProShares Ultra Euro (ULE)

The 4 ETPs removed from ETF Deathwatch due to delisting:

  1. Xtrackers Eurozone Equity ETF (EURZ)
  2. Pacer Salt Low truBeta US Mark (LSLT)
  3. Pacer Salt High truBeta US Mar (SLT)
  4. Siren Large Cap Blend Index ETF (SPQQ)



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