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 July, 20 exchange-traded products (“ETPs”) were added to the ETF Deathwatch list and 31 were removed, bringing the total to 466. 

Nineteen products were removed from the list due to improved health, and 12 were delisted.

Eighteen 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. The other two 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 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 $9.22 million to $8.59 million, and 45 products had less than $2 million in assets. The average age of products on the list increased from 40.96 months to 41.61 months, and the number of products at least 5 years of age decreased from 105 to 103. The largest ETP on the list had an AUM of $24.90 million, while the smallest had assets of just $33,400. 

Here is the Complete List of 466 ETPs on ETF Deathwatch for July 2022 compiled using the objective ETF Deathwatch Criteria.

The 18 ETPs added to ETF Deathwatch for July due to low trading volume:

  1. First Trust S-Network Streaming and Gaming ETF (BNGE)
  2. Direxion Daily S&P 500 Equal Weight Bull 2x Shares (EVEN)
  3. First Trust Alerian US NextGen (RBLD)
  4. Franklin Emerging Market Core (DIEM)
  5. Franklin U.S. Equity Index ETF (USPX)
  6. Direxion Daily Fintech Bull 2x Shares (FNTC)
  7. Goldman Sachs Bloomberg Clean Energy Equity ETF (GCLN)
  8. IM Rba Responsible Global Allocation ETF (IRBA)
  9. Amberwave Invest USA JSG Fund (IUSA)
  10. IQ US Large Cap R&D Leaders ETF (LRND)
  11. IQ US Mid Cap R&D Leaders ETF (MRND)
  13. Subversive Metaverse ETF (PUNK)
  14. Tidal ETF Trust - SoFi Social 50 ETF (SFYF)
  15. iShares MSCI China Multisector Tech ETF (TCHI)
  16. Ecofin Digital Payments Infras (ETPA)
  17. IQ Global Equity R&D Leaders ETF (WRND)
  18. Arrow Reverse Cap 500 ETF (YPS)

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

  1. Global X Funds-Global X Disruptive Materials ETF (DMAT)
  2. Valkyrie Bitcoin Miners ETF (WGMI)

The 19 ETPs removed from ETF Deathwatch due to improved health:

  1. American Century Emerging Markets Bond ETF (AEMB)
  2. AllianzIM US Large Cap Buffer10 Jul ETF (AZAL)
  3. AllianzIM US Large Cap Buffer20 Jul ETF (AZBL)
  4. BNY Mellon Concentrated International ETF (BKCI)
  5. ALPS Emerging Sector Dividend Dogs ETF (EDOG)
  6. First Trust Nasdaq Pharmaceuticals ETF (FTXH)
  7. Inspire Faithward Mid Cap Momentum ESG ETF (GLRY)
  8. Simplify Hedged Equity ETF (HEQT)
  9. iShares iBonds Dec 2028 Term Treasury ETF (IBTI)
  10. iShares iBonds Dec 2031 Term Treasury ETF (IBTL)
  11. American Century Mid Cap Growth Impact ETF (MID)
  12. Pacer iPath Gold Trendpilot ETNs (PBUG)
  13. Pacer Swan SOS Moderate July ETF (PSMJ)
  14. Robinson Alternative Yield Pre-Merger SPAC ETF (SPAX)
  15. Day Hagan/Ned Davis Research Smart Sector Fixed Income ETF (SSFI)
  16. Innovator U.S. Equity Ultra Buffer ETF - June (UJUN)
  17. FT Cboe Vest US Equity Enhance & Moderate Buffer ETF - June (XJUN)
  18. Invesco S&P SmallCap High Dividend Low Volatility ETF (XSHD)
  19. FT Cboe Vest International Equity Buffer ETF - June (YJUN)

The 12 ETPs removed from ETF Deathwatch due to delisting:

  1. AI Powered International Equity ETF (AIIQ)
  2. AVDR US LargeCap ESG ETF (AVDG)
  3. ARK Transparency ETF (CTRU)
  4. Euclid Capital Growth ETF (EUCG)
  5. First Trust Alerian US NextGen (FLM)
  6. Franklin Emerging Market Core (FLQE)
  7. Franklin U.S. Equity Index ETF (FLQG)
  8. Franklin International Core Dividend Tilt Index ETF (FLQH)
  9. ETFMG Real Estate Tech ETF (HHH)
  10. ETFMG Prime 2x Daily Inverse Junior Silver Miners ETF (SINV)
  11. Ecofin Digital Payments Infras (TPAY)
  12. Volshares Large Cap ETF (VSL)

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