Market insights and analysis

In May, 33 exchange-traded products (“ETPs”) were added to the ETF Deathwatch list and seven were removed, bringing the total to 788 ETPs.

All of the additions were due to low trading volume. The low volume could be due to the nature of their investment product. None were 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.

Among the removals, two were due to delisting and five were due to improved health.

Seventy-eight 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 $10.39 million to $10.37 million, and 67 products had assets of less than $2 million. The average age of products on the list decreased from 45.32 months to 45.26 months, and the number of products at least 5 years of age increased to 151. The largest ETP on the list had an AUM of $24.94 million, while the smallest had assets of just $435,715.

Here is the complete list of 788 ETPs on ETF Deathwatch for May 2025 compiled using the objective ETF Deathwatch Criteria.

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

1. VistaShares Artificial Intelligence Supercycle ETF (AIS)
2. AstraZeneca PLC ADRhedged (AZNH)
3. Bancreek International Large Cap ETF (BCIL)
4. YieldMax Target 12 Big 50 Option Income ETF (BIGY)
5. iShares International Country Rotation Active ETF (CORO)
6. 2x Corn ETF (CORX)
7. BlackRock Enhanced Short-Term Bond ETF (CSHP)
8. First Trust Bloomberg Artificial Intelligence ETF (FAI)
9. Fidelity Enhanced US All-Cap Equity ETF (FEAC)
10. Fidelity Enhanced Emerging Markets ETF (FEMR)
11. Fidelity Fundamental Developed International ETF (FFDI)
12. Fidelity Fundamental Emerging Markets ETF (FFEM)
13. FT Vest US Equity Quarterly Dynamic Buffer ETF (FHDG)
14. FIRE Funds Income Target ETF (FIRI)
15. FIRE Funds Wealth Builder ETF (FIRS)
16. AllianzIM US Equity 6 Month Floor5 Apr/Oct ETF (FLAO)
17. iShares Lifepath Target Date 2070 ETF (ITDJ)
18. TrueShares Structured Outcome January ETF (JANZ)
19. VanEck Vectors NDR CMG Long/Flat Allocation ETF (LFEQ)
20. AdvisorShares MSOS 2x Daily ETF (MSOX)
21. GraniteShares 2x Long MU Daily ETF (MULL)
22. Innovator Growth-100 Power Buffer ETF – November (NNOV)
23. FT Vest US Equity Max Buffer ETF – November (NOVM)
24. Virtus SEIX AAA Private Credit CLO ETF (PCLO)
25. PGIM Municipal Income Opportunities ETF (PMIO)
26. Invesco Dynamic Oil & Gas Services ETF (PXJ)
27. Invesco QQQ Low Volatility ETF (QQLV)
28. Simplify US Small Cap PLUS Income ETF (SCY)
29. YieldMax Target 12 Semiconductor Option Income ETF (SOXY)
30. GraniteShares 2x Long TSM Daily ETF (TSMU)
31. Atlas America Fund (USAF)
32. 2x Wheat ETF (WHTX)
33. FT Vest US Equity Buffer & Premium Income ETF- December (XIDE)

ETPs removed from ETF Deathwatch due to delisting:

1. KraneShares MSCI All China Index ETF (KALL)
2. KraneShares Rockefeller Ocean Engagement ETF (KSEA)

ETPs removed from ETF Deathwatch due to improved health:

1. Global X S&P Catholic Values Developed EX-US ETF (CEFA)
2. iShares ESG Aware MSCI USA Growth ETF (EGUS)
3. Arrow Dow Jones Global Yield ETF (GYLD)
4. Janus Henderson U.S. Real Estate ETF (JRE)
5. AllianzIM US Equity Buffer15 Uncapped Sep ETF (SEPU)