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 March, 27 exchange-traded products (“ETPs”) were added to the ETF Deathwatch list and 23 were removed, bringing the total to 364.

Products that came off the list last month were removed due to improved health.

Twenty-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 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 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 $9.09 million to $8.94 million, and 28 products had less than $2 million in assets. The average age of products on the list decreased from 47.94 months to 45.59 months. The number of products at least 5 years of age decreased from 99 to 94. The largest ETP on the list had an AUM of $24.56 million, while the smallest had assets of just $179,400.

Here is the Complete List of 364 ETFs and ETNs on ETF Deathwatch for March 2022 compiled using the objective ETF Deathwatch Criteria.

The 24 ETPs added to ETF Deathwatch for March due to low trading volume:

  1. BlackRock Future Climate and Sustainable Economy ETF (BECO)
  2. Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF (BLKC)
  3. Global X Founder - Run Companies ETF (BOSS)
  4. Cannabis Growth ETF (BUDX)
  5. ProShares S&P Kensho Cleantech ETF (CTEX)
  6. ProShares Big Data Refiners ETF (DAT)
  7. DriveWealth Power Saver ETF (EERN)
  8. Innovator Emerging Markets Power Buffer ETF-October (EOCT)
  9. First Trust Asia Pacific ex-Japan AlphaDEX Fund (FPA)
  10. VanEck China Growth Leaders ETF (GLCN)
  11. BlackRock Intermediate Muni Income Bond ETF (INMU)
  12. JPMorgan Carbon Transition U.S. Equity ETF (JCTR)
  13. Jacob Forward ETF (JFWD)
  14. KraneShares China Innovation ETF (KGRO)
  15. ProShares S&P Kensho Smart Factories ETF (MAKX)
  16. ETFMG 2x Daily Inverse Alternative Harvest ETF (MJIN)
  17. VanEck Morningstar ESG Moat ETF (MOTE)
  18. Pacer Swan SOS Conservative October ETF (PSCQ)
  19. Pacer Swan SOS Flex October ETF (PSFO)
  20. Pacer Swan SOS Moderate October ETF (PSMO)
  21. Innovator Growth Accelerated Plus ETF-October (QTOC)
  22. DriveWealth Steady Saver ETF (STBL)
  23. Direxion Daily 5G Communications Bull 2X Shares (TENG)
  24. ProShares Ultra Nasdaq Cybersecurity ETF (UCYB)

The 3 ETPs added to ETF Deathwatch due to low AUM:

  1. lnnovator U.S. Equity Accelerated ETF - July (XDJL)
  2. Innovator U.S. Equity Accelerated ETF-October (XDOC)
  3. Zacks Earnings Consistent Portfolio ETF (ZECP)

The 23 ETPs removed from ETF Deathwatch due to improved health:

  1. First Trust Latin America AlphaDEX Fund (FLN)
  2. Formidable ETF (FORH)
  3. Innovator International Developed Power Buffer ETF - April (IAPR)
  4. iPath Series B Bloomberg Industrial Metals Subindex Total Return ETN (JJM)
  5. Virtus Newfleet Multi-Sector Bond ETF (NFLT)
  6. Overlay Shares Hedged Large Cap Equity ETF (OVLH)
  7. FT Cboe Vest Nasdaq-100 Buffer ETF - March (QMAR)
  8. Invesco BulletShares 2029 Municipal Bond ETF (BSMT)
  9. Global X MSCI China Real Estate ETF (CHIR)
  10. iMGP DBi Hedge Strategy ETF (DBEH)
  11. ProShares Decline of the Retail Store ETF (EMTY)
  12. Franklin FTSE Mexico ETF (FLMX)
  13. First Trust Indxx Global Agriculture ETF (FTAG)
  14. First Trust Exchange-Traded Fund VI First Trust Hedged BuyWrite Income ETF (FTLB)
  15. First Trust Nasdaq Food & Beverage ETF (FTXG)
  16. ELEMENTS Linked to the ICE BofAML Commodity Index eXtra Grains Total Return (GRU)
  17. iShares Currency Hedged MSCI United Kingdom ETF (HEWU)
  18. KraneShares MSCI China ESG Leaders Index ETF (KESG)
  19. Leuthold Core ETF (LCR)
  20. Mairs & Power Minnesota Municipal Bond ETF (MINN)
  21. ELEMENTS Linked to the Rogers International Commodity Index - Energy To Return (RJN)
  22. Direxion Daily Dow Jones Internet Bear 3x Shares ETF (WEBS)
  23. Innovator US Equity Accelerated Plus ETF-April (XTAP)



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