Market insights and analysis

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

1st Quarter | 2024

Quarterly recap

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Current market environment performance of dynamic, risk-managed investment solutions.

In April, 33 exchange-traded products (“ETPs”) were added to the ETF Deathwatch list, and 27 were removed, bringing the total to 526.

Thirty-two products were added to the list in April due to low trading volume. The low volume in these products could be due to the nature of their investment product. One product was added to the list due to low assets under management (“AUM”), though it may have enough AUM to keep it from closure. Our system takes into account both AUM and volume. If both remain low, these funds could be considered for closure.

Thirteen products were removed from the list due to improved health and 14 were delisted.

Forty-two ETPs on Deathwatch this month that 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 $8.93 million to $9.04 million, and 55 products had less than $2 million in assets. The average age of products on the list increased from 40.83 months to 42.26 months, and the number of products at least 5 years of age increased from 109 to 115. The largest ETP on the list had an AUM of $24.75 million, while the smallest had assets of just $304,800.

Here is the Complete List of 526 ETPs on ETF Deathwatch for April 2023 compiled using the objective ETF Deathwatch Criteria.

The 32 ETPs added to ETF Deathwatch for April due to low trading volume:

  1. Build Bond Innovation ETF (BFIX)
  2. First Trust BICK Index Fund (BICK)
  3. iShares Environmental Infrastructure and Industrials ETF (EFRA)
  4. iShares Environmentally Aware Real Estate ETF (ERET)
  5. iShares MSCI Germany Small-Cap ETF (EWGS)
  6. First Trust Brazil AlphaDEX Fund (FBZ)
  7. FormulaFolios Tactical Growth ETF (FFTG)
  8. iPath GSCI Total Return Index ETN (GSP)
  9. Arrow Dow Jones Global Yield ETF (GYLD)
  10. Hartford Disciplined US Equity ETF (HDUS)
  11. VanEck Dynamic High Income ETF (INC)
  12. Dividend Performers ETF (IPDP)
  13. IQ Candriam ESG US Mid Cap Equity ETF (IQSM)
  14. Direxion Daily Global Clean Energy Bull 2X Shares (KLNE)
  15. Simplify Bitcoin Strategy PLUS Income ETF (MAXI)
  16. Harbor Health Care ETF (MEDI)
  17. Amplify Natural Resources Dividend Income ETF (NDIV)
  18. AllianzIM US Large Cap Buffer10 Nov Etf (NVBT)
  19. Harbor International Compounders ETF (OSEA)
  20. Innovator Growth Accelerated Plus ETF - July (QTJL)
  21. Reverb Etf (RVRB)
  22. Xtrackers S&P ESG Dividend Aristocrats ETF (SNPD)
  23. Xtrackers S&P 500 Growth ESG ETF (SNPG)
  24. Xtrackers S&P 500 Value ESG ETF (SNPV)
  25. AXS Short de-Spac ETF (SOGU)
  26. Simplify US Equity PLUS GBTC ETF (SPBC)
  27. Rivernorth Enhanced Pre-Merger SPAC ETF (SPCZ)
  28. AXS Brendan Wood Topgun Index ETF (TGN)
  29. AAM Transformers ETF (TRFM)
  30. Fundx Aggressive Etf (XNAV)
  31. Innovator U.S. Equity Accelerated Plus ETF - July (XTJL)
  32. Arrow Reverse Cap 500 ETF (YPS)

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

  1. First Trust Growth Strength ETF (FTGS)

 The 13 ETPs removed from ETF Deathwatch due to improved health:

  1. AllianzIM US Large Cap Buffer10 Apr ETF (APRT)
  2. WisdomTree Japan Hedged SmallCap Equity Fund (DXJS)
  3. Pacer Swan SOS Moderate January ETF (PSMD)
  4. Xtrackers Russell 1000 US Quality at a Reasonable Price ETF (QARP)
  5. T Rowe Price US Equity Research ETF (TSPA)
  6. Natixis Vaughan Nelson Select ETF (VNSE)
  7. Innovator US Equity Accelerated 9 Buffer ETF - April (XBAP)
  8. Anfield Dynamic Fixed Income ETF (ADFI)
  9. FT Cboe Vest Gold Strategy Quarterly Buffer ETF (BGLD)
  10. Xtrackers MSCI All China Equity ETF (CN)
  11. Pacer US Export Leaders ETF (PEXL)
  12. Valkyrie Bitcoin Miners ETF (WGMI)
  13. WisdomTree Artificial Intelligence and Innovation Fund (WTAI)

The 14 ETPs removed from ETF Deathwatch due to delisting:

  1. ETFMG 2x Daily Travel Tech ETF (AWYX)
  2. Direxion Breakfast Commodities Strategy ETF (BRKY)
  3. Morgan Creek - Exos Active Spac Arbitrage ETF (CSH)
  4. Direxion Daily S&P 500 Equal Weight Bull 2x Shares (EVEN)
  5. Defiance Daily Short Digital Economy ETF (IBIT)
  6. Direxion mRNA ETF (MSGR)
  7. Simplify Exchange Traded Funds Simplify Nasdaq 100 PLUS Convexity ETF (QQC)
  8. Simplify Exchange Traded Funds Simplify Nasdaq 100 PLUS Downside Convexity ETF (QQD)
  9. SPDR Bloomberg SASB Corporate Bond ESG Select ETF (RBND)
  10. SPDR Bloomberg SASB Developed Markets EX US ESG Select (RDMX)
  11. SPDR Bloomberg SASB Emerging Markets ESG Select ETF (REMG)
  12. Simplify US Small Cap Plus Downside Convexity ETF (RTYD)
  13. Simplify Volt Cloud & Cybersecurity Disruption ETF (VCLO)
  14. Generation Z ETF (ZGEN)



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