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 January, 30 exchange-traded products (“ETPs”) were added to the ETF Deathwatch list and 29 were removed, bringing the total to 511.

Thirteen products were removed due to improved health, while 16 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.

Forty 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 increased from $8.93 million to $8.99 million, and 51 products had less than $2 million in assets. The average age of products on the list increased from 41.95 months to 42.18 months, and the number of products at least 5 years of age increased to 117. The largest ETP on the list had an AUM of $24.97 million, while the smallest had assets of just $324,600.

Here is the Complete List of 514 ETPs on ETF Deathwatch for January 2023 compiled using the objective ETF Deathwatch Criteria.

The 30 ETPs added to ETF Deathwatch for January due to low trading volume:

  1. GraniteShares 1.75x Long AAPL Daily ETF (AAPB)
  2. Horizon Kinetics Blockchain Development ETF (BCDF)
  3. GraniteShares 1.5x Long COIN Daily ETF (CONL)
  4. Direxion Daily Electric & Autonomous Vehicles Bull 2X Shares (EVAV)
  5. ELEMENTS Linked to the ICE BofAML Commodity Index eXtra Grains Total Return (GRU)
  6. iPath Series B Bloomberg Agriculture Subindex Total Return ETN (JJA)
  7. ALPS Global Travel Beneficiaries ETF (JRNY)
  8. KraneShares CICC China 5G and Semiconductor Index ETF (KFVG)
  9. Formidable Fortress ETF (KONG)
  10. Touchstone US Large Cap Focused ETF (LCF)
  11. IQ Mackay Multi-Sector Income ETF (MMSB)
  12. AXS 2X NKE Bull Daily ETF (NKEL)
  13. AXS 2X NKE Bear Daily ETF (NKEQ)
  14. ProShares Global Listed Private Equity ETF (PEX)
  15. Invesco DWA Consumer Cyclicals Momentum ETF (PEZ)
  16. AXS 2X PFE Bull Daily ETF (PFEL)
  17. AXS 2X PFE Bear Daily ETF (PFES)
  18. FIS Biblically Responsible Risk Managed ETF (PRAY)
  19. AXS 1.5X PYPL Bear Daily ETF (PYPS)
  20. AXS 1.5X PYPL Bull Daily ETF (PYPT)
  21. First Trust RiverFront Dynamic Europe ETF (RFEU)
  22. ProShares UltraShort Consumer Services (SCC)
  23. Sprott ESG Gold ETF (SESG)
  24. Syntax Stratified Total Market II ETF (SYII)
  25. GraniteShares 1.25 Long TSLA Daily ETF (TSL)
  26. Innovator Hedged TSLA ETF (TSLH)
  27. GraniteShares 1x Short TSLA Daily ETF (TSLI)
  28. SoFi Web 3 ETF (TWEB)
  29. Virtus Private Credit Strategy ETF (VPC)
  30. WisdomTree US Corporate Bond Fund (WFIG)

 The 13 ETPs removed from ETF Deathwatch due to improved health:

  1. VictoryShares US Small Cap Volatility Wtd ETF (CSA)
  2. Cultivar ETF (CVAR)
  3. First Trust Dividend Strength (FTDS)
  4. Goldman Sachs Future Real Estate And Infrastructure Equity ETF (GREI)
  5. Global X MSCI Nigeria ETF (NGE)
  6. Putnam Focused Large Cap Growth ETF (PGRO)
  7. American Century Quality Preferred ETF (QPFF)
  8. US Equity Dividend Select ETF (RNDV)
  9. Sound Equity Income ETF (SDEI)
  10. Arrow Reverse Cap 500 ETF (YPS)
  11. Global X MSCI China Real Estate ETF (CHIR)
  12. Franklin FTSE Mexico ETF (FLMX)
  13. Corbett Road Tactical Opportunity ETF (OPPX)

The 16 ETPs removed from ETF Deathwatch due to delisting:

  1. Apex Healthcare ETF (APXH)
  2. Invesco BulletShares 2022 USD Emerging Markets Debt ETF (BSBE)
  3. Volt Crypto Industry and Equit (BTCR)
  4. AXS de-Spac ETF (DSPC)
  5. Capital Link Global Green Energy Transport and Technology Leaders ETF (EKAR)
  6. Franklin FTSE Russia ETF (FLRU)
  8. ELEMENTS Linked to the ICE BofAML Commodity Index eXtra Biofuels Total Return (FUE)
  9. Qraft AI-Enhanced US High Dividend ETF (HDIV)
  10. IQ S&P High Yield Low Volatility Bond ETF (HYLV)
  11. Amberwave Invest USA JSG Fund (IUSA)
  12. IQ Hedge Macro Tracker ETF (MCRO)
  13. IQ Hedge Event-Driven Tracker ETF (QED)
  14. IQ Hedge Market Neutral Tracker ETF (QMN)
  15. Viridi Bitcoin Miners ETF (RIGZ)
  16. VanEck Russia Small-Cap ETF (RSXJ)

Comments are closed.