Market insights and analysis

In January, 24 exchange-traded products (“ETPs”) were added to the ETF Deathwatch list and 15 were removed, bringing the list total up to 564 ETPs.

Among the additions, 23 were due to low trading volume. The low volume in these products could be due to the nature of their investment product. One addition was due to low assets under management (“AUM”). Our system takes into account both AUM and volume. If both remain low, these funds could be considered for closure.

All 15 of the products that were removed were due to improved health.

Forty-six 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 $8.64 million to $9.30 million, and 48 products had less than $2 million in assets. The average age of products on the list increased from 42.64 months to 42.80 months, and the number of products at least 5 years of age stayed at 98. The largest ETP on the list had an AUM of $24.99 million, while the smallest had assets of just $86,125.

Here is the complete list of 564 ETPs on ETF Deathwatch for January 2025 compiled using the objective ETF Deathwatch Criteria.

ETPs added to ETF Deathwatch for January due to low trading volume:

1. Calvert US Large-Cap Diversity Equity and Inclusion Index ETF (CDEI)
2. Draco Evolution AI ETF (DRAI)
3. Innovator Emerging Markets 10 Buffer ETF – Quarterly (EBUF)
4. First Trust EIP Carbon Impact ETF (ECLN)
5. ProShares Ultra MSCI EAFE (EFO)
6. AB Corporate Bond ETF (EYEG)
7. Federated Hermes Short Duration Corporate ETF (FCSH)
8. Simplify Gamma Emerging Market Bond ETF (GAEM)
9. Home Appreciation U.S. REIT ETF (HAUS)
10. Matthews India Active ETF (INDE)
11. BlackRock US Industry Rotation ETF (INRO)
12. Innovator US Small Cap Power Buffer ETF – June (KJUN)
13. OneAscent Small Cap Core ETF (OASC)
14. PGIM US Large-Cap Buffer 20 ETF – October (PBOC)
15. Cboe Validus S&P 500 Dynamic Putwrite Index ETF (PUTD)
16. ProShares Nasdaq-100 Dorsey Wright Momentum ETF (QQQA)
17. Pacer Nasdaq 100 Top 50 Cash Cows Growth Leaders ETF (QQQG)
18. Rockefeller California Municipal Bond ETF (RMCA)
19. Rockefeller New York Municipal Bond ETF (RMNY)
20. ProShares UltraShort SmallCap600 (SSD)
21. TrueShares Structured Outcome September ETF (SEPZ)
22. US Treasury 20 Year Bond ETF (UTWY)
23. FT Vest US Equity Buffer & Premium Income ETF – June (XIJN)

ETP added to ETF Deathwatch for January due to low AUM:

1. Roundhill Cannabis ETF (WEED)

ETPs removed from ETF Deathwatch due to improved health:

1. iShares Interest Rate Hedged US Aggregate Bond ETF (AGRH)
2. Avantis All International Markets Value ETF (AVNV)
3. Foundations Dynamic Value ETF (FDVL)
4. Future Fund Active ETF (FFND)
5. Franklin Ultra Short Bond ETF (FLUD)
6. First Trust SMID Capital Strength ETF (FSCS)
7. iPathA Series B Carbon ETN (GRN)
8. iShares iBonds Oct 2029 Term TIPS ETF (IBIF)
9. PGIM US Large-Cap Buffer 20 ETF – January (PBJA)
10. VanEck Commodity Strategy ETF (PIT)
11. Simplify Volt TSLA Revolution ETF (TESL)
12. Tema Monopolies and Oligopolies ETF (TOLL)
13. ETRACS CMCI Total Return ETN Series B (UCIB)
14. FT Vest US Equity Enh & Mod Buffer ETF – May (XMAY)
15. First Trust Expanded Technology ETF (XPND)