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 February, 28 exchange-traded products (“ETPs”) were added to the ETF Deathwatch list and 21 were removed, bringing the total to 518.

Twelve products were removed due to improved health and nine were delisted.

All additions to the list 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.

Thirty-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 $8.99 million to $8.74 million, and 65 products had less than $2 million in assets. The average age of products on the list decreased from 42.18 months to 41.09 months, and the number of products at least 5 years of age decreased from 117 to 114. The largest ETP on the list had an AUM of $24.66 million, while the smallest had assets of just $289,850.

Here is the complete list of 518 ETPs on ETF Deathwatch for February 2023 compiled using the objective ETF Deathwatch Criteria.

The 28 ETPs added to ETF Deathwatch for February due to low trading volume:

  1. AdvisorShares MSOS 2x Daily ETF (MSOX)
  2. ConvexityShares 1x Spikes Futures ETF (SPKX)
  3. ConvexityShares Daily 1.5x Spikes Futures ETF (SPKY)
  4. Neos S&P 500 High Income ETF (SPYI)
  5. Innovator 20+ Year Treasury Bond 5 Floor ETF - July (TFJL)
  6. JPMorgan Sustainable Infrastructure ETF (BLLD)
  7. Neos Enhanced Income Aggregate Bond ETF (BNDI)
  8. Innovator IBD Breakout Opportunities ETF (BOUT)
  9. BlackRock Future Financial And Technology ETF (BPAY)
  10. Invesco BulletShares 2030 High Yield Corporate Bond ETF (BSJU)
  11. JPMorgan Sustainable Consumption ETF (CIRC)
  12. Emerge EMPWR Sustainable Dividend Equity ETF/DE (EMCA)
  13. Emerge ETF Trust-Emerge EMPWR Sustainable Emerging Markets Equity ETF/DE (EMCH)
  14. Emerge EMPWR Sustainable Select Growth Equity ETF/US (EMGC)
  15. Emerge EMPWR Unified Sustainable Equity ETF/US (EMPW)
  16. Emerge EMPWR Sustainable Global Core Equity ETF/DE (EMZA)
  17. FormulaFolios Smart Growth ETF (FFSG)
  18. Procure Disaster Recovery ETF (FIXT)
  19. Defiance Daily Short Digital Economy ETF (IBIT)
  20. iShares Neuroscience And Healthcare ETF (IBRN)
  21. ETF Series Solutions-Carbon ETF (KARB)
  22. KPOP and Korean Entertainment ETF (KPOP)
  23. Pacer Swan SOS Moderate October ETF (PSMO)
  24. Global X Solar ETF (RAYS)
  25. Columbia Research Enhanced Value ETF (REVS)
  26. SEI Enhanced US Large Cap Quality Factor ETF (SEIQ)
  27. JPMorgan Social Advancement ETF (UPWD)
  28. Innovator US Equity Accelerated 9 Buffer ETF - April (XBAP)

 The 12 ETPs removed from ETF Deathwatch due to improved health:

  1. iShares MSCI Belgium ETF (EWK)
  2. ProShares Ultra MSCI Japan (EZJ)
  3. Fidelity Investment Grade Bond ETF (FIGB)
  4. WisdomTree Efficient Gold Plus Gold Miners Strategy Fund (GDMN)
  5. Sparkline Intangible Value ETF (ITAN)
  6. Xtrackers MSCI Eurozone Hedged Equity ETF (DBEZ)
  7. Touchstone US Large Cap Focused ETF (LCF)
  8. Putnam Sustainable Future ETF (PFUT)
  9. Putnam Sustainable Leaders ETF (PLDR)
  10. ETRACS 2x Leveraged MSCI US Quality Factor TR ETN (QULL)
  11. Sound Enhanced Fixed Income ETF (SDEF)
  12. Virtus Private Credit Strategy ETF (VPC)

The 9 ETPs removed from ETF Deathwatch due to delisting:

  1. Direxion Daily US Infrastructure Bull 2X Shares (DOZR)
  2. Procure Disaster Recovery ETF (FEMA)
  3. Direxion Daily Fintech Bull 2x Shares (FNTC)
  4. ELEMENTS Linked to the ICE BofAML Commodity Index eXtra Grains Total Return (GRU)
  5. Defiance Digital Revolution ETF (NFTZ)
  6. Impact Shares Sustainable Development Goals Global Equity ETF (SDGA)
  7. Direxion Nanotechnology ETF (TYNE)
  8. UBC Algorithmic Fundamentals ETF (UBCB)
  9. Principal Ultra-Short Active Income ETF (USI)

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