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 May, 54 exchange-traded products (“ETPs”) were added to the ETF Deathwatch list and 12 were removed, bringing the total to 421.

The 12 ETPs removed were taken off due to improved health.

Fifty-three 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 addition was 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 increased from $8.54 million to $8.98 million, and 41 products had less than $2 million in assets. The average age of products on the list decreased from 42.68 months to 40.71 months. The number of products at least 5 years of age increased from 88 to 92. The largest ETP on the list had an AUM of $24.99 million, while the smallest had assets of just $393,900.

Here is the Complete List of 421 ETPs on ETF Deathwatch for May 2022 compiled using the objective ETF Deathwatch Criteria.

The 53 ETPs added to ETF Deathwatch for May due to low trading volume:

  1. American Century Emerging Markets Bond ETF (AEMB)
  2. Alpha Intelligent-Large Cap Growth ETF (AILG)
  3. Alpha Intelligent-Large Cap Value ETF (AILV)
  4. AdvisorShares Hotel ETF (BEDZ)
  5. BNY Mellon Concentrated International ETF (BKCI)
  6. Invesco BulletShares 2029 High Yield Corporate Bond ETF (BSJT)
  7. Franklin Disruptive Commerce ETF (BUYZ)
  8. ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN (CEFD)
  9. VictoryShares US Small Cap Volatility Wtd ETF (CSA)
  10. Innovator Double Stacker 9 Buffer ETF - October (DBOC)
  11. WisdomTree Germany Hedged Equity Fund (DXGE)
  12. Ishares ESG Advanced Investment Grade Corporate Bond ETF (ELQD)
  13. ERShares NextGen Entrepreneurs ETF (ERSX)
  14. ETRACS 2x Leveraged MSCI US ESG Focus TR ETN (ESUS)
  15. First Trust New York Municipal High Income ETF (FMNY)
  16. Genuine Investors ETF (GCIG)
  17. Goose Hollow Tactical Allocation ETF (GHTA)
  18. Inspire Faithward Mid Cap Momentum ESG ETF (GLRY)
  19. Goldman Sachs ActiveBeta Paris Aligned Climate US Large Cap Equity ETF (GPAL)
  20. Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF (GSIG)
  21. ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B (HDLB)
  22. Hartford Longevity Economy ETF (HLGE)
  23. Hull Tactical US ETF (HTUS)
  24. iBet Sports Betting & Gaming ETF (IBET)
  25. Harbor Disruptive Innovation ETF (INNO)
  26. Innovator International Developed Power Buffer ETF - October (IOCT)
  27. ETRACS 2x Leveraged US Growth Factor TR ETF (IWFL)
  28. FIS Knights of Columbus Global Belief ETF (KOCG)
  29. Roundhill Meme ETF (MEME)
  30. Direxion mRNA ETF (MSGR)
  31. Fount Metaverse ETF (MTVR)
  32. Invesco S&P SmallCap Utilities & Communication Services ETF (PSCU)
  33. AdvisorShares Psychedelics ETF (PSIL)
  34. Pacer Swan SOS Moderate January ETF (PSMD)
  35. IQ Hedge Event-Driven Tracker ETF (QED)
  36. American Century Quality Preferred ETF (QPFF)
  37. Amplify BlackSwan Tech & Treasury ETF (QSWN)
  38. SPDR Bloomberg SASB Corporate Bond ESG Select ETF (RBND)
  39. ETFB Green SRI REITs ETF (RITA)
  40. Large Cap US Equity Select ETF (RNLC)
  41. SPDR S&P Kensho Final Frontiers ETF (ROKT)
  42. Rareview Tax Advantaged Income ETF (RTAI)
  43. Simplify US Equity PLUS Upside Convexity ETF (SPUC)
  44. Day Hagan/Ned Davis Research Smart Sector Fixed Income ETF (SSFI)
  45. Innovator Triple Stacker ETF - October (TSOC)
  46. Direxion Nanotechnology ETF (TYNE)
  47. UVA Dividend Value ETF (UVDV)
  48. Valkyrie Balance Sheet Opportunities ETF (VBB)
  49. WealthTrust DBS Long Term Growth ETF (WLTG)
  50. WisdomTree Artificial Intelligence and Innovation Fund (WTAI)
  51. Innovator Growth-100 Accelerated ETF-Quarterly (XDQQ)
  52. Innovator US Equity Accelerated ETF-Quarterly (XDSQ)
  53. VanEck Future of Food ETF (YUMY)

The 1 ETP added to ETF Deathwatch due to low AUM:

  1. MicroSectors Oil & Gas Exploration & Production -3X Inverse Leveraged ETN (OILD)

The 12 ETPs removed from ETF Deathwatch:

  1. AllianzIM US Large Cap Buffer10 Apr ETF (AZAA)
  2. MicroSectors FANG & Innovation -3X Inverse Leveraged ETN (BERZ)
  3. MicroSectors US Big Banks Index -3X Inverse Leveraged ETN (BNKD)
  4. FlexShares ESG & Climate US Large Cap Core Index Fund (FEUS)
  5. Franklin FTSE Europe Hedged ETF (FLEH)
  6. Franklin FTSE Germany ETF (FLGR)
  7. Franklin FTSE Japan Hedged ETF (FLJH)
  8. Franklin FTSE Latin America ETF (FLLA)
  9. Global Beta Smart Income ETF (GBDV)
  10. KraneShares CICC China Leaders 100 Index ETF (KFYP)
  11. ProShares Short SmallCap600 (SBB)
  12. ClearBridge Dividend Strategy ESG ETF (YLDE)



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