Market insights and analysis

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

4th Quarter | 2023

Quarterly recap

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

In February, 15 exchange-traded products (“ETPs”) were added to the ETF Deathwatch list, and 62 were removed, bringing the total down to 449.

Among the additions, 13 were 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”), 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.

Thirty products were removed due to delisting, and 32 products were removed due to improved health.

Thirty-nine 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 $8.68 million to $8.32 million, and 44 products had less than $2 million in assets. The average age of products on the list decreased from 48.24 months to 46.90 months, and the number of products at least 5 years of age decreased from 115 to 98. The largest ETP on the list had an AUM of $24.48 million, while the smallest had assets of just $492,500.

Here is the complete list of 449 ETPs on ETF Deathwatch for February 2024 compiled using the objective ETF Deathwatch Criteria.

The 13 ETPs added to ETF Deathwatch for February due to low trading volume:

  1. JPMorgan Sustainable Infrastructure ETF (BLLD)
  2. Tema Oncology ETF (CANC)
  3. Veridien Climate Action ETF (CLIA)
  4. VanEck Office and Commercial REIT ETF (DESK)
  5. Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF (EMSG)
  6. JPMorgan International Value ETF (JIVE)
  7. KraneShares Global Luxury Index ETF (KLXY)
  8. KraneShares Rockefeller Ocean Engagement ETF (KSEA)
  9. Subversive Cannabis ETF (LGLZ)
  10. Roundhill Alerian LNG ETF (LNGG)
  11. Harbor Multi-Asset Explorer ETF (MAPP)
  12. Global X India Active ETF (NDIA)
  13. USCF Gold Strategy Plus Income ETF (USG)

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

  1. Simplify Tail Risk Strategy ETF (CYA)
  2. GraniteShares 1.25 Long TSLA Daily ETF (TSL)

The 30 ETPs removed from ETF Deathwatch for February due to delisting:

  1. Qraft AI-Pilot US Large Cap Dynamic Beta Etf (AIDB)
  2. Global X Funds Global X Health & Wellness ETF (BFIT)
  3. BNY Mellon Global Emerging Markets ETF (BKES)
  4. BNY Mellon Sustainable International Equity ETF (BKIS)
  5. BNY Mellon Sustainable US Equity ETF (BKUS)
  6. SoFi Be Your Own Boss ETF (BYOB)
  7. Global X MSCI China Communication Services ETF (CHIC)
  8. Global X MSCI China Energy ETF (CHIE)
  9. Global X MSCI China Health Care ETF (CHIH)
  10. Global X MSCI China Industrials ETF (CHII)
  11. Global X MSCI China Information Technology ETF (CHIK)
  12. Global X MSCI China Materials ETF (CHIM)
  13. Global X MSCI China Consumer Staples ETF (CHIS)
  14. Global X MSCI China Utilities ETF (CHIU)
  15. SoFi Smart Energy ETF (ENRG)
  16. ERShares NextGen Entrepreneurs ETF (ERSX)
  17. Rareview Inflation/deflation ETF (FLTN)
  18. USCF Gold Strategy Plus Income ETF (GLDX)
  19. Nationwide S&P 500 Risk-Managed Income ETF (NSPI)
  20. Nationwide Russell 2000 Risk-Managed Income ETF (NTKI)
  21. Global X Carbon Credits Strategy ETF (NTRL)
  22. Qraft AI-Enhanced US Next Value ETF (NVQ)
  23. Optimize AI Smart Sentiment Event-Driven ETF (OAIE)
  24. Global X MSCI Portugal ETF (PGAL)
  25. First Trust Bloomberg Shareholder Yield ETF (RNLC)
  26. Inverse Cramer Tracker ETF (SJIM)
  27. AXS Cannabis ETF (THCX)
  28. SoFi Web 3 ETF (TWEB)
  29. SoFi Weekly Dividend ETF (WKLY)
  30. Arrow Reverse Cap 500 ETF (YPS)

The 32 ETPs removed from ETF Deathwatch for February due to improved health:

  1. Hashdex Bitcoin Futures ETF (DEFI)
  2. ETRACS 2x Leveraged MSCI US ESG Focus TR ETN (ESUS)
  3. Tactical Advantage ETF (FDAT)
  4. Goldman Sachs Future Health Care Equity ETF (GDOC)
  5. IQ Winslow Large Cap Growth ETF (IWLG)
  6. VanEck Long/Flat Trend ETF (LFEQ)
  7. Natixis Loomis Sayles Focused Growth ETF (LSGR)
  8. TrueShares Structured Outcome March ETF (MARZ)
  9. Unusual Whales Subversive Democratic Trading ETF (NANC)
  10. Columbia Research Enhanced Value ETF (REVS)
  11. SEI Enhanced US Large Cap Quality Factor ETF (SEIQ)
  12. Pacer Data And Digital Revolution ETF (TRFK)
  13. AXS Esoterica NEXTG Economy ETF (WUGI)
  14. Fundx Aggressive Etf (XNAV)
  15. Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF (ASHS)
  16. Virtus LifeSci Biotech Product ETF (BBP)
  17. BNY Mellon Global Infrastructure Income ETF (BKGI)
  18. Franklin Disruptive Commerce ETF (BUYZ)
  19. VanEck ChiNext ETF (CNXT)
  20. VanEck Digital India ETF (DGIN)
  21. ProShares Ultra MSCI EAFE (EFO)
  22. iShares MSCI Belgium ETF (EWK)
  23. FMQQ The Next Frontier Internet & Ecommerce ETF (FMQQ)
  24. Fidelity Sustainable High Yield ETF (FSYD)
  25. WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE)
  26. WisdomTree Alternative Income Fund (HYIN)
  27. Franklin Intelligent Machines ETF (IQM)
  28. ProShares Nasdaq-100 Dorsey Wright Momentum ETF (QQQA)
  29. ALPS Active REIT ETF (REIT)
  30. Invesco Alerian Galaxy Crypto Economy ETF (SATO)
  31. Simplify US Equity PLUS GBTC ETF (SPBC)
  32. US Treasury 30 Year Bond ETF (UTHY)



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