Market insights and analysis

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

2nd Quarter | 2022

Market insights and analysis


Updates on how dynamic, risk-managed investment solutions are performing in the current market environment.

In December, 30 exchange-traded products (“ETPs”) were added to the ETF Deathwatch list and 21 were removed, bringing the total to 356.

Sixteen products were removed due to improved health and five were delisted.

All but three additions were due to low trading volume. The low volume in these products could be due to the nature of their investment product. The other 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-three 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 increased from $9.76 million to $9.93 million, and 29 products had less than $2 million in assets. The average age of products on the list decreased from 50.17 months to 48.91 months. The number of products at least 5 years of age stayed at 104. The largest ETP on the list had an AUM of $24.83 million, while the smallest had assets of just $138,479.

Here is the Complete List of 356 ETFs and ETNs on ETF Deathwatch for December 2021 compiled using the objective ETF Deathwatch Criteria.

The 30 ETPs added to ETF Deathwatch for December:

  1. Global X Clean Water ETF (AQWA)
  2. Alger 35 ETF (ATFV)
  3. ETFMG 2x Daily Travel Tech ETF (AWYX)
  4. MicroSectors US Big Banks Index -3X Inverse Leveraged ETN (BNKD)
  5. WisdomTree Emerging Currency Strategy Fund (CEW)
  6. Global X MSCI China Health Care ETF (CHIH)
  7. Asian Growth CUBS ETF (CUBS)
  8. Amplify Cleaner Living ETF (DTOX)
  9. ProShares Decline of the Retail Store ETF (EMTY)
  10. American Century Sustainable Growth ETF (ESGY)
  11. Fidelity Women’s Leadership ETF (FDWM)
  12. iShares iBonds 2027 Term High Yield and Income ETF (IBHG)
  13. Sparkline Intangible Value ETF (ITAN)
  14. Janus Henderson U.S. Real Estate ETF (JRE)
  15. KraneShares CICC China Leaders 100 Index ETF (KFYP)
  16. TrueShares Structured Outcome May ETF (MAYZ)
  17. AdvisorShares North Square McKee ESG Core Bond ETF (MENV)
  18. ETFMG 2X Daily Alternative Harvest ETF (MJXL)
  19. Pacer iPath Gold Trendpilot ETNs (PBUG)
  20. Pacer Swan SOS Conservative July ETF (PSCJ)
  21. Pacer Swan SOS Flex July ETF (PSFJ)
  22. FT Cboe Vest Nasdaq-100 Buffer ETF - March (QMAR)
  23. Innovator Growth Accelerated Plus ETF - July (QTJL)
  24. ETFMG Prime 2x Daily Junior Silver Miners ETF (SILX)
  25. ETFMG Prime 2x Daily Inverse Junior Silver Miners ETF (SINV)
  26. Active Dividend Stock ETF/The (TADS)
  27. T Rowe Price US Equity Research ETF (TSPA)
  28. Innovator U.S. Equity Accelerated 9 Buffer ETF - July (XBJL)
  29. First Trust Expanded Technology ETF (XPND)
  30. Innovator US Equity Accelerated Plus ETF - April (XTAP)

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

  1. AllianzIM US Large Cap Buffer20 Apr ETF (AZBA)
  2. Franklin FTSE Australia ETF (FLAU)
  3. JPMorgan Carbon Transition U.S. Equity ETF (JCTR)
  4. WisdomTree Emerging Markets Efficient Core Fund (NTSE)
  5. First Trust Total US Market AlphaDEX ETF (TUSA)
  6. SPDR Bloomberg 3-12 Month T-Bill ETF (BILS)
  7. Democratic Large Cap Core ETF (DEMZ)
  8. First Trust International Developed Capital Strength ETF (FICS)
  9. ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B (HDLB)
  10. Franklin Intelligent Machines ETF (IQM)
  11. iPath Series B Bloomberg Grains Subindex Total Return ETN (JJG)
  12. SmartETFs Smart Transportation & Technology ETF (MOTO)
  13. ProShares Global Listed Private Equity ETF (PEX)
  14. ProShares Short Real Estate (REK)
  15. ProShares Ultra Nasdaq Cybersecurity ETF (UCYB)
  16. ProShares Ultra Consumer Goods (UGE)

The 5 ETPs removed from ETF Deathwatch due to delisting:

  1. Invesco BulletShares 2021 USD Emerging Markets Debt ETF (BSAE)
  2. Credit Suisse FI Enhanced Europe 50 ETNs (FEUL)
  3. MicroSectors FANG Index 2X Inverse Leveraged ETN (FNGZ)
  4. MicroSectors FANG Index Inverse ETN (GNAF)
  5. MicroSectors Cannabis 2X Leveraged ETN (MJO)

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