This Week In ETFs
This Week In ETFs
Week of Feb. 8-12, 2021
What happened in ETF markets this week? We crunch the numbers below.
NOTE: Unless otherwise stated, data range is from Monday through Thursday's close. ETNs and leveraged/inverse ETFs are excluded.
Total # of ETFs: 2,420
Total AUM: $5.85 trillion
Average Expense Ratio: 0.54%
5-Day Net Flows: $34.14 billion
30-Day Net Flows: $109.60 billion
90-Day Net Flows: $287.75 billion
YTD Net Flows: $112.29 billion
1-Year Net Flows: $539.64 billion
Best Performing ETFs
Two Amplify funds were in the group of top performers this week: the Amplify Transformational Data Sharing ETF (BLOK), which rose 17.40%, and the Amplify Seymour Cannabis ETF (CNBS), which rose 11.00% in a slight pullback for cannabis ETFs. The Global X Cannabis ETF (POTX) also performed well, rising 11.55^ over the week.
Other top performers include the Breakwave Dry Bulk Shipping ETF (BDRY), which rose 12.79%; and the NorthShore Global Uranium Mining ETF (URNM), which gained 11.13%.
Worst Performing ETFs
The week's worst performer was the Simplify Volt RoboCar Disruption And Tech ETF (VCAR), which dropped 3.23%; followed by the ProShares Short Euro Fund (EUFX), which dropped 2.55%.
Other big declines were notched by several single country ETFs, including the Global X MSCI Pakistan ETF (PAK), which fell 2.33%; the iShares MSCI New Zealand ETF (ENZL), which dropped 2.12%; and the Global X MSCI Nigeria ETF (NGE), which fell 2.05%;
ETFs with the Largest 5-Day Net Inflows
Core S&P 500 ETFs led in flows this week, with the iShares Core S&P 500 ETF (IVV) pulling in $6.84 billion in net assets; and the SPDR S&P 500 ETF Trust (SPY), gaining $4.51 billion in net assets. The iShares Russell 2000 ETF (IWM) also gained $2.15 billion.
ARK funds were once again popular with investors: The ARK Innovation ETF (ARKK), which gained $1.24 billion, while the ARK Next Generation Internet ETF (ARKW) brought in $815 million.
ETFs with the Largest 5-Day Net Outflows
The iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) led in net 5-day outflows, losing $1.12 billion in net assets. Precious metals also saw outflows, with the SPDR Gold Shares (GLD), losing $1.01 billion and the iShares Silver Trust (SLV) losing $767 million;
Sector funds also fell: the Health Care Select Sector SPDR Fund (XLV), dropped by $685 million in net assets; and the Consumer Staples Select Sector SPDR Fund (XLP), which fell $617 million in net assets;
ETF(s) With the Highest Yields
The Cambria Research Enhanced Value ETF (REVS) has lived up to its name: REVS has returned more income to investors over the past year than any other ETF. It has a trailing twelve-month yield of 26.50%.
But that's yield at the fund level. The ETF portfolio with the highest weighted average yield for its constituent companies is the Invesco Dynamic Oil & Gas Services ETF (PXJ), with an average yield of 12.90%.
ETFs at the Largest % Above & Below Their 200-Day SMAs
Funds closing at significant levels above or below their 200-day simple moving averages (SMA) tend to be exhibiting long-term trends to the upside and downside, respectively.
The ETF at the largest percentage above its 200-day SMA is the Amplify Seymour Cannabis ETF (CNBS), which is 119.76% above its 200-day SMA. Meanwhile, the ETF at the largest percentage below its 200-day SMA is the ProShares VIX Short-Term Futures ETF (VIXY), which is 35.17% below its 200-day SMA.
Source: ETF Action
Notable Launches: 2/5-2/11
- UBS launched seven new 2x leveraged factor ETNs, including:
- ETRACS 2x Leveraged US Value Factor TR ETN (IWDL)
- ETRACS 2x Leveraged US Growth Factor TR ETN (IWFL)
- ETRACS 2x Leveraged US Size Factor TR ETN (IWML)
- ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN (MTUL)
- ETRACS 2x Leveraged MSCI US Quality Factor TR ETN (QULL)
- ETRACS 2x Leveraged US Dividend Factor TR ETN (SCDL)
- ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN (USML)
- Roundhill Streaming Services & Technology ETF (SUBZ): First ETF to invest in streaming services companies, including video streamers like Netflix; audio streaming like Spotify; and streaming tech firms like Roku.
- Virtus Newfleet ABS/MBS ETF (VABS): Income-seeking active ETF that invests in short-duration, investment-grade securitized debt in asset-backed securities & mortgage-backed securities.
Notable Closures: 2/5-2/11
No notable closures this week.
Notable Filings: 2/5-2/11
- Bitwise makes another attempt at a bitcoin ETF. The proposed fund wouldn't hold bitcoin directly, though. Rather, it would hold crypto "innovators," or stocks involved in the crypto ecosystem, such as trading platforms, custodians, servicers, tech providers, and others.
- T. Rowe Price registers an ETF clone of its T. Rowe Price U.S. Equity Research I Fund, a mutual fund driven by the company's internal analysis. It'll cost 0.34%, three basis points less than the mutual fund.
- AlphaArchitect's white label business continues to grow. First up: A new filing for the Freedom Day Dividend ETF (SAVR), not related to the platform's Freedom 100 Emerging Markets ETF (FRDM). SAVR will use fundamental and quantitative analysis to identify potential dividend-growing U.S. stocks.
- AlphaArchitect's white label also filed for a series of eight "Strategic" brand thematic ETFs, covering e-commerce, digital payments, hotels, Internet of Things, healthcare, residential real estate, streaming/gaming, and e-commerce real estate.
- Principal files for three actively managed multi-factor ETFs in small caps, large caps and international equities. (h/t: ETF Hearsay)
Lara Crigger is the Editor-in-Chief of ETF Action. Contact her at email@example.com
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