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 August, 26 exchange-traded products (“ETPs”) were added to the ETF Deathwatch list and 19 were removed, bringing the total to 513.

Twenty-one 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. Five products were added 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.

Five products were removed from the list due to delisting and 14 were removed due to improved health.

Forty-five 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 $9.52 million to $9.20 million, and 38 ETPs had less than $2 million in assets. The average age of products on the list increased from 45.15 months to 45.70 months, and the number of products at least 5 years of age increased from 112 to 118. The largest ETP on the list had an AUM of $24.89 million, while the smallest had assets of just $226,000.

Here is the complete list of 513 ETPs on ETF Deathwatch for August 2023 compiled using the objective ETF Deathwatch Criteria.

The 21 ETPs added to ETF Deathwatch due to low trading volume:

  1. PMV Adaptive Risk Parity ETF (ARP)
  2. Alger Weatherbie Enduring Growth ETF (AWEG)
  3. VanEck Vectors ChinaAMC SME-Ch (CNXT)
  4. MicroSectors Gold -3X Inverse Leveraged ETN (DULL)
  5. Hartford Schroders Commodity Strategy ETF (HCOM)
  6. iShares Currency Hedged MSCI Canada ETF (HEWC)
  7. Alpha Architect High Inflation And Deflation ETF (HIDE)
  8. iShares Future Metaverse Tech And Communications ETF (IVRS)
  9. JPMorgan Active Small Cap Value ETF (JPSV)
  10. Long Cramer Tracker ETF (LJIM)
  11. Allianzim US Large Cap Buffer10 Mar ETF (MART)
  12. Simplify Bitcoin Strategy PLUS Income ETF (MAXI)
  13. Horizon Kinetics Energy Remediation ETF (NVIR)
  14. Global X MSCI Portugal ETF (PGAL)
  15. Global X Nasdaq 100 ESG Covered Call ETF (QYLE)
  16. SPDR Kensho Intelligent Structures ETF (SIMS)
  17. Inverse Cramer Tracker ETF (SJIM)
  18. Engine No. 1 Transform Supply Chain ETF (SUPP)
  19. MicroSectors Energy -3X Inverse Leveraged ETN (WTID)
  20. MicroSectors Energy 3X Leveraged ETN (WTIU)
  21. Global X S&P 500 ESG Covered Call ETF (XYLE)

The 5 ETPs added to ETF Deathwatch due to low AUM:

  1. Direxion Daily AMZN Bear 1X Shares (AMZD)
  2. Avantis Inflation Focused Equity ETF (AVIE)
  3. First Trust Bloomberg Emerging Market Democracies ETF (EMDM)
  4. Direxion Daily Googl Bear 1x Shares (GGLS)
  5. MicroSectors Gold 3X Leveraged ETN (SHNY)

The 5 ETPs removed from ETF Deathwatch due to delisting:

  1. Asian Growth CUBS ETF (CUBS)
  2. Strategy Shares Nasdaq 5handl Index ETF (FIVR)
  3. iBet Sports Betting & Gaming ETF (IBET)
  4. AdvisorShares Poseidon Dynamic Cannabis ETF (PSDN)
  5. AXS 1.5X PYPL Bull Daily ETF (PYPT)

The 14 ETPs removed from ETF Deathwatch due to improved health:

  1. Calvert US Mid-Cap Core Responsible Index ETF (CVMC)
  2. Esoterica NextG Economy ETF (WUGI)
  3. BondBloxx USD High Yield Bond Financial & REIT Sector ETF (XHYF)
  4. BondBloxx USD High Yield Bond Industrial Sector ETF (XHYI)
  5. BondBloxx USD High Yield Bond Telecom Media & Technology Sector ETF (XHYT)
  6. BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF (XTEN)
  7. Virtus LifeSci Biotech Product ETF (BBP)
  8. Direxion Daily Cloud Computing Bull 2X Shares (CLDL)
  9. GraniteShares 1.5x Long COIN Daily ETF (CONL)
  10. American Century Sustainable Growth ETF (ESGY)
  11. Direxion Daily Electric & Autonomous Vehicles Bull 2X Shares (EVAV)
  12. Spear Alpha ETF (SPRX)
  13. AAM Transformers ETF (TRFM)
  14. GraniteShares 1.25 Long TSLA Daily ETF (TSL)

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