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 March, 22 exchange-traded products (“ETPs”) were added to the ETF Deathwatch list and 20 were removed, bringing the total to 520.

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

All additions 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-seven 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 $8.74 million to $8.93 million, and 57 products had less than $2 million in assets. The average age of products on the list decreased from 41.09 months to 40.83 months, and the number of products at least 5 years of age decreased from 114 to 109. The largest ETP on the list had an AUM of $24.93 million, while the smallest had assets of just $258,500.

Here is the Complete List of 520 ETPs on ETF Deathwatch for March 2023 compiled using the objective ETF Deathwatch Criteria.

The 22 ETPs added to ETF Deathwatch for March due to low trading volume:

  1. FlexShares Real Assets Allocation Index Fund (ASET)
  2. BlackRock Floating Rate Loan ETF (BRLN)
  3. Bitwise Web3 ETF (BWEB)
  4. Carbon Collective Climate Solutions US Equity Etf (CCSO)
  5. Cultivar ETF (CVAR)
  6. Hashdex Bitcoin Futures ETF (DEFI)
  7. Siren DIVCON Dividend Defender (DFND)
  8. Goldman Sachs Future Real Estate And Infrastructure Equity ETF (GREI)
  9. iShares MSCI Water Management Multisector ETF (IWTR)
  10. John Hancock US High Dividend ETF (JHDV)
  11. KraneShares S&P Pan Asia Dividend Aristocrats ETF (KDIV)
  12. KraneShares Hang Seng TECH Index ETF (KTEC)
  13. NightShares 2000 ETF (NIWM)
  14. Nuveen ESG Large-Cap ETF (NULC)
  15. Pacer Swan SOS Conservative January ETF (PSCX)
  16. American Century Quality Convertible Securities ETF (QCON)
  17. Simplify Exchange Traded Funds Simplify Nasdaq 100 PLUS Downside Convexity ETF (QQD)
  18. Global X Nasdaq 100 Risk Managed Income ETF (QRMI)
  19. Global X Russell 2000 Covered Call & Growth ETF (RYLG)
  20. Putnam BioRevolution ETF (SYNB)
  21. AXS Cannabis ETF (THCX)
  22. BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF (XTEN)

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

  1. John Hancock Mortgage-Backed Securities ETF (JHMB)
  2. Hull Tactical US ETF (HTUS)
  3. Robo Global Artificial Intelligence ETF (THNQ)
  4. Innovator Growth Accelerated Plus ETF - January (QTJA)
  5. Harbor Disruptive Innovation ETF (INNO)
  6. Innovator US Equity Accelerated ETF - April (XDAP)
  7. Fidelity Emerging Markets Multifactor ETF (FDEM)
  8. Global X MSCI Pakistan ETF (PAK)
  9. Global X Wind Energy ETF (WNDY)
  10. Innovator US Equity Accelerated ETF - Quarterly (XDSQ)
  11. AAM S&P Emerging Markets High Dividend Value ETF (EEMD)
  12. IQ Real Return ETF (CPI)

The 8 ETPs removed from ETF Deathwatch due to delisting:

  1. Invesco S&P International Developed High Dividend Low Volatility ETF (IDHD)
  2. Invesco Russell 1000 Low Beta Equal Weight ETF (USLB)
  3. Invesco US Large Cap Core ESG ETF (IVLC)
  4. Invesco FTSE International Low Beta Equal Weight ETF (IDLB)
  5. Invesco Russell 1000 Enhanced Equal Weight ETF (USEQ)
  7. Invesco Select Growth ETF (IVSG)
  8. Invesco Focused Discovery Growth ETF (IVDG)

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