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 November, 18 exchange-traded products (“ETPs”) were added to the ETF Deathwatch list and 20 were removed, bringing the total to 505.

Sixteen products were removed due to improved health, and four were delisted.

All additions to the list in November were due to low trading volume. The low volume in these products could be due to the nature of their investment product. These ETPs may have enough assets under management (“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.

Forty 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 $8.91 million to $8.93 million, and 47 products had less than $2 million in assets. The average age of products on the list increased from 41.00 months to 41.95 months, and the number of products at least 5 years of age stayed the same at 112. The largest ETP on the list had an AUM of $24.91 million, while the smallest had assets of just $261,800.

Here is the Complete List of 505 ETPs on ETF Deathwatch for November 2022 compiled using the objective ETF Deathwatch Criteria.

The 18 ETPs added to ETF Deathwatch for November due to low trading volume:

  1. Newday Ocean Health ETF (AHOY)
  2. Direxion Breakfast Commodities Strategy ETF (BRKY)
  3. iShares Emerging Markets Infrastructure ETF (EMIF)
  4. Procure Disaster Recovery ETF (FEMA)
  5. First Trust Eurozone AlphaDEX Fund (FEUZ)
  6. First Trust Germany AlphaDEX Fund (FGM)
  7. iShares Focused Value Factor ETF (FOVL)
  8. Optimize AI Smart Sentiment Event-Driven ETF (OAIE)
  9. SPDR Bloomberg SASB Emerging Markets ESG Select ETF (REMG)
  10. SEI Enhanced US Large Cap Momentum Factor ETF (SEIM)
  11. SEI Enhanced US Large Cap Value Factor ETF (SEIV)
  12. SEI Enhanced Low Volatility US Large Cap ETF (SELV)
  13. Pacer Industrials and Logistics ETF (SHPP)
  14. Robo Global Artificial Intelligence ETF (THNQ)
  15. Motley Fool Capital Efficiency Index ETF (TMFE)
  16. Pacer Data And Digital Revolution ETF (TRFK)
  17. USCF Dividend Income Fund (UDI)
  18. V-Shares MSCI World Esg Materiality And Carbon Transition ETF (VMAT)

 The 16 ETPs removed from ETF Deathwatch due to improved health:

  1. American Century Emerging Markets Bond ETF (AEMB)
  2. First Trust Alerian Disruptive (DTRE)
  3. Federated Hermes Short Duration Corporate ETF (FCSH)
  4. ETRACS 2X Leveraged IFED Invest With The FED TR Index ETN (FEDL)
  5. FI Enhanced Global High Yield ETN/UBS (FIHD)
  6. FPA Global Equity ETF (FPAG)
  7. iShares MSCI International Size Factor ETF (ISZE)
  8. JPMorgan ActiveBuilders International Equity ETF (JIDA)
  9. JPMorgan ActiveBuilders U.S. Large Cap Equity ETF (JUSA)
  10. Formidable Fortress ETF (KONG)
  11. Nuveen ESG Large-Cap ETF (NULC)
  12. Pacer Swan SOS Moderate October ETF (PSMO)
  13. American Century Quality Convertible Securities ETF (QCON)
  14. WisdomTree Emerging Markets ESG Fund (RESE)
  15. ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN (USML)
  16. FT Cboe Vest International Equity Buffer ETF - September (YSEP)

The 4 ETPs removed from ETF Deathwatch due to delisting:

  1. Ecofin Digital Payments Infras (ETPA)
  2. Genuine Investors ETF (GCIG)
  3. ETFMG 2x Daily Inverse Alternative Harvest ETF (MJIN)
  4. Merlyn AI Tactical Growth & Income ETF (SNUG)

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