Market insights and analysis

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

1st Quarter | 2024

Quarterly recap

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

In May, 41 exchange-traded products (“ETPs”) were added to the ETF Deathwatch list, and 18 were removed, bringing the total up to 476.

Among the additions, 35 additions were due to low trading volume. The low volume in these products could be due to the nature of their investment product. Six 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.

Eight products were removed due to delisting, while 10 products were removed due to improved health.

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 increased from $8.36 million to $8.50 million, and 43 products had less than $2 million in assets. The average age of products on the list decreased from 46.54 months to 45.37 months, and the number of products at least 5 years of age increased from 96 to 99. The largest ETP on the list had an AUM of $24.92 million, while the smallest had assets of just $268,800.

Here is the complete list of 476 ETPs on ETF Deathwatch for May 2024 compiled using the objective ETF Deathwatch criteria.

ETPs added to ETF Deathwatch for May due to low trading volume:

  1. Themes Airlines ETF (AIRL)
  2. Macquarie Global Listed Infrastructure ETF (BILD)
  3. VanEck Brazil Small-Cap ETF (BRF)
  4. Themes Natural Monopoly ETF (CZAR)
  5. Grizzle Growth ETF (DARP)
  6. Invesco S&P High Dividend Growers ETF (DIVG)
  7. ETRACS 2x Leveraged MSCI US ESG Focus TR ETN (ESUS)
  8. Eaton Vance High Yield ETF (EVHY)
  9. First Trust SMID Capital Strength ETF (FSCS)
  10. Goose Hollow Enhanced Equity ETF (GHEE)
  11. Innovator Premium Income 9 Buffer ETF-October (HOCT)
  12. Hartford US Quality Growth ETF (HQGO)
  13. iShares iBonds Oct 2024 Term TIPS ETF (IBIA)
  14. iShares iBonds Oct 2026 Term TIPS ETF (IBIC)
  15. iShares iBonds Oct 2028 Term TIPS ETF (IBIE)
  16. iShares iBonds Oct 2030 Term TIPS ETF (IBIG)
  17. iShares iBonds Oct 2031 Term TIPS ETF (IBIH)
  18. iShares iBonds Oct 2033 Term TIPS ETF (IBIJ)
  19. Innovator International Developed Power Buffer ETF - December (IDEC)
  20. Columbia International Equity Income ETF (INEQ)
  21. WHITEWOLF Publicly Listed Private Equity ETF (LBO)
  22. Harbor Long-Short Equity ETF (LSEQ)
  23. Aztlan North America Nearshoring Stock Selection ETF (NRSH)
  24. Macquarie Energy Transition ETF (PWER)
  25. RiverFront Dynamic Core Income ETF (RFCI)
  26. ALPS Active Equity Opportunity ETF (RFFC)
  27. Virtus Newfleet Short Duration Core Plus Bond ETF (SDCP)
  28. AllianzIM US Large Cap Buffer10 Sep ETF (SEPT)
  29. Themes US Small Cap Cash Flow Champions ETF (SMCF)
  30. Themes Cybersecurity ETF (SPAM)
  31. SPDR Portfolio S&P Sector Neutral Dividend ETF (SPDG)
  32. Macquarie Tax-Free USA Short Term ETF (STAX)
  33. TCW Transform Supply Chain ETF (SUPP)
  34. Themes US Cash Flow Champions ETF (USCF)
  35. Hartford US Value ETF (VMAX)

ETPs added to ETF Deathwatch for May due to low AUM:

  1. ARK 21Shares Active On-Chain Bitcoin Strategy ETF (ARKC)
  2. ARK 21Shares Blockchain and Digital Economy Innovation ETF (ARKD)
  3. Themes Gold Miners ETF (AUMI)
  4. Invesco Nasdaq Free Cash Flow Achievers ETF (QOWZ)
  5. InfraCap Small Cap Income ETF (SCAP)
  6. Themes US R&D Champions ETF (USRD)

ETPs removed from ETF Deathwatch due to delisting:

  1. BTD Capital Fund (DIP)
  2. Global X MSCI Next Emerging & Frontier ETF (EMFM)
  3. Columbia International Equity Income ETF (ESGN)
  4. Capital Link Global Fintech Leaders ETF (KOIN)
  5. Teucrium AiLA Long-Short Base Metals Strategy ETF (OAIB)
  6. First Trust SMID Capital Strength ETF (RNMC)
  7. Xtrackers S&P SmallCap 600 ESG ETF (SMLE)
  8. US Value ETF (USVT)

ETPs removed from ETF Deathwatch due to improved health:

  1. TrueShares Structured Outcome April ETF (APRZ)
  2. PMV Adaptive Risk Parity ETF (ARP)
  3. Cambria Global Real Estate ETF (BLDG)
  4. JPMorgan Sustainable Infrastructure ETF (BLLD)
  5. Clough Hedged Equity ETF (CBLS)
  6. Veridien Climate Action ETF (CLIA)
  7. iShares Copper and Metals Mining ETF (ICOP)
  8. Tema American Reshoring ETF (RSHO)
  9. WealthTrust DBS Long Term Growth ETF (WLTG)
  10. MicroSectors Gold 3X Leveraged ETN (SHNY)



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