ETF Action: Research

3.22.2023

An overview of the Global Thematic ETF landscape - Performance, Flows, Valuations, Earnings, & Technicals.

• Sustainability ETFs have seen $810 million in net outflows over the past 3 months and $958 million in net outflows in the last 6 months
• Over the past week, the ARK Innovation ETF (ARKK) has gathered $243 million in net inflows and the KraneShares CSI China Internet ETF (KWEB) has seen $159 million in net outflows
• All thematic segments have declined more than 5% in the last month. Evovling Consumer ETFs and Health Innovation ETFs are down more than 7% on average in the period
• All thematic ETFs have seen negative returns over the last month. The AdvisorShares Psychedelics ETF (PSIL) has fallen the furthest, sinking 17.57%

3.21.2023

An overview of the U.S. Factor ETF landscape - Performance, Flows, Valuations, Earnings, & Technicals.

• Over the past month, Low Volatility ETFs, Momentum/ Growth ETFs, Dividend ETFs, and Size ETFs are all down more than 5% on average while Value ETFs are down more than 10% on average
• Momentum/ Growth ETFs saw $905 million in net outflows over the past week
• The iShares MSCI USA Quality Factor ETF (QUAL) gathered nearly $5 billion in net inflows over the last week and is up 5.31% year-to-date
• The Invesco S&P Smallcap 600 Pure Value ETF (RZV) has been the worst performing U.S. factor ETF in the last month, falling 16.13%
• S&P 500 Equal Weight (RSP), S&P 500 Low Volatility (SPLV), S&P 500 Momentum (SPMO), S&P 500 Value (SPVU), and S&P 500 Dividend (SPYD) are all trading below relative 50-day and 200-day moving averages

3.15.2023

An overview of the Global Thematic ETF landscape - Performance, Flows, Valuations, Earnings, & Technicals.

• Sustainability ETFs have seen $810 million in net outflows over the past 3 months and $958 million in net outflows in the last 6 months
• Over the past week, the ARK Innovation ETF (ARKK) has gathered $243 million in net inflows and the KraneShares CSI China Internet ETF (KWEB) has seen $159 million in net outflows
• All thematic segments have declined more than 5% in the last month. Evovling Consumer ETFs and Health Innovation ETFs are down more than 7% on average in the period
• All thematic ETFs have seen negative returns over the last month. The AdvisorShares Psychedelics ETF (PSIL) has fallen the furthest, sinking 17.57%

3.14.2023

An overview of the U.S. Factor ETF landscape - Performance, Flows, Valuations, Earnings, & Technicals.

• Value ETFs have declined nearly 10.75% on average in the last month and are now underperforming Momentum/ Growth ETFs thus far in 2023
• In the last week, SIze ETFs have seen $753 million in net inflows while Quality ETFs have gathered $180 million in net inflows
• The Schwab US Dividend Equity ETF (SCHD) saw $201 million in net inflows over the last week and has gathered $3.1 billion in net inflows year-to-date
• All U.S. factor ETFs have posted losses over the past month. The Invesco S&P 500 Pure Value ETF (RPV) has been the worst performer, sinking 15.08%
• S&P 500 Equal Weight (RSP), S&P 500 Low Volatility (SPLV), S&P 500 Momentum (SPMO), S&P 500 Value (SPVU), and S&P 500 Dividend (SPYD) are all trading below relative 50-day and 200-day moving averages

3.13.2023

An overview of the U.S. Sector ETF landscape - Performance, Flows, Valuations, Earnings, & Technicals.

• Financials ETFs saw $434 million in net outflows over the past week while Real Estate ETFs saw $262 million in net outflows
• The Global X U.S. Infrastructure Development ETF (PAVE) gathered $258 million in net inflows in the last week. Over the past year, PAVE has seen $889 million in net outflows 
• Following the collapse of Silicon Valley Bank and a handful of other regional banks, Financials ETFs have declined nearly 11% on average thus far in March
• The iShares U.S. Regional Banks ETF (IAT) and the SPDR S&P Regional Banking ETF (KRE) have dropped 20.81% and 19.53%, respectively, in the last month
• Communication Services (XLC), Consumer Discretionary (XLY), Consumer Staples (XLP), Financials (XLF), Health Care (XLV), Real Estate (XLRE), and Utilities (XLU) are all trading below relative 50-day and 200-day moving averages

3.9.2023

An overview of the Global Thematic ETF landscape - Performance, Flows, Valuations, Earnings, & Technicals.

• Industrial Revolution ETFs gathered $48 million in net inflows over the past week but have seen $1.8 billion in net outflows over the past year
• The Global X Robotics & Artificial Intelligence ETF (BOTZ) saw $40 million in net inflows last week and now has total assets under management of $1.54 billion. Year-to-date, BOTZ has gathered $95 million in net inflows 
• FinTech ETFs have underperformed other thematic segments in the last month falling more than 10.50% on average. Year-to-date, FinTech ETFs are still up more than 29% on average
• The Valkyrie Bitcoin Miners ETF (WGMI) has been the worst performing thematic ETF over the past month, plunging 18.69%. WGMI has rocketed 61.52% thus far in 2023

3.7.2023

An overview of the U.S. Factor ETF landscape - Performance, Flows, Valuations, Earnings, & Technicals.

• Thus far in March, all U.S. factor strategies have seen modest gains. Quality ETFs are up 1.70% on average in March and have risen nearly 5% on average in 2023
• Low Volatility ETFs saw $251 million in net outflows over the last week and have seen $1.62 billion in net outflows over the past 3 months
• The SPDR Portfolio S&P 500 High Dividend ETF (SPYD) has seen $681 million in net outflows over the past week. In the last year, SPYD has gathered $1.38 billion in net inflows
• The Invesco S&P Smallcap 600 Pure Value ETF (RZV) has declined 5.64% in the last month but is up nearly 11% year-to-date
• S&P 500 Equal Weight (RSP), S&P 500 Quality (SPHQ), and S&P 500 Value (SPVU) are all trading above relative 50-day and 200-day moving averages

3.6.2023

An overview of the U.S. Sector ETF landscape - Performance, Flows, Valuations, Earnings, & Technicals.

• In the last week, Energy ETFs have gathered $744 million in net inflows while Health Care ETFs have seen $622 million in net outflows and Real Estate ETFs have seen $583 million in net outflows
• The Energy Select Sector SPDR Fund (XLE) saw the largest net inflows over the past week with $982 million. Over the past year, XLE has seen $2.1 billion in net outflows
• Communication Services ETFs are down more than 7% on average in the last month and have plunged nearly 19% on average in the last year
• Each of the 10 best performing U.S. Sector & Industry ETFs over the past month are Energy ETFs. The Invesco Dynamic Oil & Gas Services ETF (PXJ) has led the charge, climbing 9.76%
• Communication Services (XLC), Energy (XLE), Financials (XLF), Industrials (XLI), Materials (XLB), and Technology (XLK) are all trading above relative 50-day and 200-day moving averages