Market insights and analysis

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

1st Quarter | 2024

Quarterly recap



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

In March, 22 exchange-traded products (“ETPs”) were added to the ETF Deathwatch list, and 35 were removed, bringing the total down to 436.

Among the additions, 20 were due to low trading volume. The low volume in these products could be due to the nature of their investment product. Two additions were due to low assets under management (“AUM”), though they may have enough AUM to avoid closure. Our system takes into account both AUM and volume. If both remain low, these funds could be considered for closure.

Fifteen products were removed due to delisting, and 20 products were removed due to improved health.

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 increased from $8.32 million to $8.85 million, and 33 products had less than $2 million in assets. The average age of products on the list increased from 46.90 months to 47.59 months, and the number of products at least 5 years of age decreased from 98 to 95. The largest ETP on the list had an AUM of $60.37 million, while the smallest had assets of just $257,000.

Here is the complete list of 436 ETPs on ETF Deathwatch for March 2024 compiled using the objective ETF Deathwatch Criteria.

The 20 ETPs added to ETF Deathwatch for March due to low trading volume:

  1. Matthews Asia Dividend Active ETF (ADVE)
  2. USCF Aluminum Strategy Fund (ALUM)
  3. CoreValues Alpha Greater China Growth ETF (CGRO)
  4. Global X Data Center & Digital Infrastructure ETF (DTCR)
  5. ProShares Equities For Rising Rates ETF (EQRR)
  6. First Trust Indxx Global Agriculture ETF (FTAG)
  7. Goldman Sachs North American Pipelines & Power Equity ETF (GPOW)
  8. Simplify Commodities Strategy NO K-1 ETF (HARD)
  9. Amplify Cash Flow High Income ETF (HCOW)
  10. Matthews India Active ETF (INDE)
  11. FlexShares International Quality Dividend Defensive Index Fund (IQDE)
  12. Innovator Premium Income 20 Barrier ETF-July (JULH)
  13. ProShares Merger ETF (MRGR)
  14. Innovator Premium Income 10 Barrier ETF - October (OCTD)
  15. Innovator Premium Income 20 Barrier ETF - October (OCTH)
  16. Pacer WealthShield ETF (PWS)
  17. iShares Transition-Enabling Metals ETF (TMET)
  18. Invesco Bloomberg Analyst Rating Improvers ETF (UPGD)
  19. Arch Indices VOI Absolute Income ETF (VWI)
  20. Western Asset Short Duration Income ETF (WINC)

The 2 ETPs added to ETF Deathwatch for March due to low AUM:

  1. Foundations Dynamic Value ETF (FDVL)
  2. Matthews Japan Active ETF (JPAN)

The 15 ETPs removed from ETF Deathwatch for March due to delisting:

  1. Xtrackers MSCI China A Inclusion Equity ETF (ASHX)
  2. Xtrackers MSCI All China Equity ETF (CN)
  3. Simplify Tail Risk Strategy ETF (CYA)
  4. Xtrackers MSCI Germany Hedged Equity ETF (DBGR)
  5. Subversive Decarbonization ETF (DKRB)
  6. Xtrackers Bloomberg US Investment Grade Corporate ESG ETF (ESCR)
  7. Xtrackers J.P. Morgan ESG Emerging Markets Sovereign ETF (ESEB)
  8. Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF (ESHY)
  9. KraneShares Bloomberg China Bond Inclusion Index ETF (KBND)
  10. KraneShares CICC China Consumer Leaders Index ETF (KBUY)
  11. Subversive Food Security ETF (KCAL)
  12. KraneShares China Innovation ETF (KGRO)
  13. Subversive Cannabis ETF (LGLZ)
  14. Subversive Mental Health ETF (SANE)
  15. VanEck Future of Food ETF (YUMY)

The 20 ETPs removed from ETF Deathwatch for March due to improved health:

  1. GraniteShares 2x Long AAPL Daily ETF (AAPB)
  2. FlexShares Real Assets Allocation Index Fund (ASET)
  3. Bitwise Bitcoin Strategy Optimum Roll ETF (BITC)
  4. Neos Enhanced Income Aggregate Bond ETF (BNDI)
  5. Pacer US Small Cap Cash Cows Growth Leaders ETF (CAFG)
  6. VanEck Robotics ETF (IBOT)
  7. Harbor Health Care ETF (MEDI)
  8. Global X Nasdaq 100 Risk Managed Income ETF (QRMI)
  9. Innovator Growth Accelerated Plus ETF - July (QTJL)
  10. Clockwise Core Equity & Innovation ETF (TIME)
  11. abrdn Bloomberg Industrial Metals Strategy K-1 Free ETF (BCIM)
  12. Carbon Collective Climate Solutions US Equity ETF (CCSO)
  13. Range Cancer Therapeutics ETF (CNCR)
  14. Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF (EMSG)
  15. Pinnacle Focused Opportunities ETF (FCUS)
  16. Allianzim US Large Cap Buffer10 Mar Etf (MART)
  17. ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN (MTUL)
  18. GraniteShares 2x Short NVDA Daily ETF (NVD)
  19. BondBloxx USD High Yield Bond Energy Sector ETF (XHYE)
  20. BondBloxx USD High Yield Bond Healthcare Sector ETF (XHYH)

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