Market insights and analysis

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

4th Quarter | 2023

Quarterly recap



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

In September, 57 exchange-traded products (“ETPs”) were added to the list and 23 were removed, bringing the total to 499.

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

Fifty-five products were added to the list 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”). These ETPs may have enough 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 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 decreased from $8.71 million to $8.36 million, and 53 products had less than $2 million in assets. The average age of products on the list decreased from 41.70 months to 41.13 months, and the number of products at least 5 years of age increased from 102 to 108. The largest ETP on the list had an AUM of $24.28 million, while the smallest had assets of just $240,090.

Here is the Complete List of 499 ETPs on ETF Deathwatch for September 2022 compiled using the objective ETF Deathwatch Criteria.

The 55 ETPs added to ETF Deathwatch for September due to low trading volume:

  1. Qraft AI-Enhanced US Large Cap Momentum ETF (AMOM)
  2. ProShares MSCI Transformational Changes ETF (ANEW)
  3. AllianzIM US Large Cap Buffer10 Apr ETF (AZAA)
  4. Global X Blockchain & Bitcoin Strategy ETF (BITS)
  5. Morgan Creek - Exos Active Spac Arbitrage ETF (CSH)
  6. Democratic Large Cap Core ETF (DEMZ)
  7. First Trust Alerian Disruptive (DTRE)
  8. iShares ESG Aware Conservative Allocation ETF (EAOK)
  9. Fidelity Emerging Markets Multifactor ETF (FDEM)
  10. Fidelity International Multifactor ETF (FDEV)
  11. Franklin FTSE Mexico ETF (FLMX)
  12. FMQQ The Next Frontier Internet & Ecommerce ETF (FMQQ)
  13. Fidelity Real Estate Investment ETF (FPRO)
  14. WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE)
  15. WisdomTree Efficient Gold Plus Gold Miners Strategy Fund (GDMN)
  16. ETFMG Treatments Testing and Advancements ETF (GERM)
  17. Strategy Shares Gold-Hedged Bond ETF (GLDB)
  18. Goldman Sachs Future Real Estate And Infrastructure Equity ETF (GREI)
  19. Home Appreciation US REIT ETF (HAUS)
  20. Xtrackers MSCI All World ex US High Dividend Yield Equity ETF (HDAW)
  21. Franklin Genomic Advancements ETF (HELX)
  22. Xtrackers High Beta High Yield Bond ETF (HYUP)
  23. iShares iBonds 2028 Term High Yield And Income ETF (IBHH)
  24. Dividend Performers ETF (IPDP)
  25. Preferred-Plus ETF (IPPP)
  26. First Trust S-Network E-Commer (ISHP)
  27. Amplify Inflation Fighter ETF (IWIN)
  28. iPath Series B Bloomberg Softs Subindex Total Return ETN (JJS)
  29. JPMorgan ActiveBuilders U.S. Large Cap Equity ETF (JUSA)
  30. KraneShares CICC China Consumer Leaders Index ETF (KBUY)
  31. KraneShares CICC China Leaders 100 Index ETF (KFYP)
  32. Emles Luxury Goods ETF (LUXE)
  33. First Trust Flexible Municipal High Income ETF (MFLX)
  34. Mairs & Power Minnesota Municipal Bond ETF (MINN)
  35. ETF Series Solutions-LHA Market State Tactical Q ETF (MSTQ)
  36. Neuberger Berman Next Generation Connected Consumer ETF (NBCC)
  37. Global X MSCI Nigeria ETF (NGE)
  38. Nuveen ESG Large-Cap ETF (NULC)
  39. Global X MSCI Pakistan ETF (PAK)
  40. AdvisorShares Poseidon Dynamic Cannabis ETF (PSDN)
  41. Xtrackers Russell 1000 US Quality at a Reasonable Price ETF (QARP)
  42. American Century Quality Convertible Securities ETF (QCON)
  43. ProShares Nasdaq-100 Dorsey Wright Momentum ETF (QQQA)
  44. Qraft AI-Enhanced US Large Cap ETF (QRFT)
  45. ETRACS 2x Leveraged MSCI US Quality Factor TR ETN (QULL)
  46. Alps Active REIT ETF (REIT)
  47. Viridi Bitcoin Miners ETF (RIGZ)
  48. US Equity Dividend Select ETF (RNDV)
  49. Mid Cap US Equity Select ETF (RNMC)
  50. ROC ETF (ROCI)
  51. Invesco S&P 500 Minimum Variance ETF (SPMV)
  52. ProShares Trust S&P 500 EX-Energy ETF (SPXE)
  53. Clockwise Capital Innovation ETF (TIME)
  54. ProShares Ultra Consumer Goods (UGE)
  55. First Trust Exchange-Traded Fund VIII-FT Cboe Vest International Equity Buffer E (YDEC)

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

  1. Flexshares ESG & Climate High Yield Corporate Core Index Fund (FEHY)
  2. ETFMG 2x Daily Inverse Alternative Harvest ETF (MJIN)

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

  1. First Trust BICK Index Fund (BICK)
  2. FT Cboe Vest Gold Strategy Quarterly Buffer ETF (BGLD)
  3. Invesco BulletShares 2029 High Yield Corporate Bond ETF (BSJT)
  4. Pacer US Cash Cows Growth ETF (BUL)
  5. ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN (CEFD)
  6. Global X MSCI China Energy ETF (CHIE)
  7. ProShares UltraShort MSCI Japan (EWV)
  8. Pacer Cash Cows Fund of Funds ETF (HERD)
  9. WisdomTree Alternative Income Fund (HYIN)
  10. KraneShares Hang Seng TECH Index ETF (KTEC)
  11. MicroSectors Oil & Gas Exploration & Production -3X Inverse Leveraged ETN (OILD)
  12. Global X MSCI Portugal ETF (PGAL)
  13. ELEMENTS Linked to the Rogers International Commodity Index - Energy To Return (RJN)
  14. Invesco ESG S&P 500 Equal Weight ETF (RSPE)
  15. ProShares UltraShort Basic Materials (SMN)
  16. ProShares Ultra Yen (YCL)

The 7 ETPs removed from ETF Deathwatch due to delisting:

  1. Amplify Cleaner Living ETF (DTOX)
  2. Amplify Pure Junior Gold Miners ETF (JGLD)
  3. Direxion Low Priced Stock ETF (LOPX)
  4. Direxion Fallen Knives ETF (NIFE)
  5. Direxion Daily 5G Communications Bull 2X Shares (TENG)
  6. WBI BullBear Trend Switch US 3000 Total Return ETF (WBIT)
  7. Direxion World Without Waste ETF (WWOW)

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