ETF Action: Research

ETF Playbooks

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Weekly reviews of popular ETF market segments, including visualizations of major market moves, performance highlights, technical trends and more.


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ETF Playbooks Archives

 Global Thematic Playbook

5.25.2022

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

  • The KraneShares CSI China Internet ETF (KWEB) gathered another $388 million in net inflows over the past week even after the fund declined over 7% on the week. The ARK Innovation ETF (ARKK) saw $207 million in net outflows last week and declined just over 4%. Year-to-date, KWEB has seen $1.9 billion in net inflows and dropped 32% while ARKK has seen $1.4 billion in net inflows and dropped 58.55%
  • All thematic segments have fallen over 20% on average thus far in 2022. FinTech has been the worst performing segment losing 47.10% on average
  • Only 9 thematic ETFs have posted gains over the past month. The list includes 2 Solar ETFs (RAYS, +9.00% & TAN, +2.81%) and 4 ETFs focused on China (KSTR, +4.69%, KEJI, +3.16%, KGRN, +2.34%, & KFVG, +94 bps)
  • Each of the top 10 worst performing thematic ETFs on the month are Blockchain ETFs, 5 of which have declined over 40% (DAPPCRPTBKCHBITQDAM)

 

 U.S. Factor Playbook

5.24.2022

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

  • Momentum/ Growth ETFs continue to lag other U.S. Factor strategies. On average, Momentum/ Growth ETFs trail all other factor strategies across the 1-month, 3-month, year-to-date, and 1-year periods
  • The iShares Core High Dividend ETF (HDV) gathered $1.9 billion in net inflows over the past week while the iShares MSCI USA Value Factor ETF (VLUE) saw $1.05 billion in net outflows on the week
  • All U.S. Factor ETFs have seen declines over the past month. The worst performer on the month was the Alpha Intelligent - Large Cap Growth ETF (AILG) which dropped 14.01%. AILG is down over 36% thus far in 2022
  • S&P 500 Equal Weight (RSP), S&P 500 Quality (SPHQ), S&P 500 Value (SPVU), and S&P 500 Momentum (SPMO) are each currently trading below relative 50-Day and 200-Day Moving Averages. S&P 500 Dividend (SPYD) is currently trading above its 200-Day Moving Average and is just below its 50-Day Moving Average

 

 U.S. Sector & Industry Playbook

5.23.2022

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

  • Financials ETFs saw nearly $1.8 billion in net outflows over the past week with the Financial Select Sector SPDR Fund (XLF) posting net outflows of $1.3 billion. The iShares U.S. Infrastructure ETF (IFRA) and the Communication Services Select Sector SPDR Fund (XLC) gathered the most net inflows last week with $659 million and $449 million, respectively
  • Consumer Discretionary ETFs have fallen nearly 12% on average thus far in May. Energy ETFs have risen 3.36% on average and Utilities ETFs have added 1.01% on average in May
  • Only 4 U.S. Sector & Industry ETFs have posted gains over the past month (AMTR, XLE, MLPO, IYE), all of which are Energy ETFs. Meanwhile the SPDR S&P Internet ETF (XWEB) has dropped nearly 25% and the SPDR S&P Metals & Mining ETF (XME) has declined nearly 23% on the month
  • All U.S. Sectors are currently trading below relative 50-Day and 200-Day Moving Averages except for Energy (XLE), which is trading above its 50-Day and 200-Day Moving Averages, and Utilities (XLU), which is trading abvoe its 200-Day Moving Averages, but just below its 50-Day Moving Average

 

 Global Thematic Playbook

5.18.2022

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

  • The ARK Innovation ETF (ARKK) saw $469 million in net inflows and the KraneShares CSI China Internet ETF (KWEB) gathered $255 million in net inflows while the iShares Global Clean Energy ETF (ICLN) saw $114 million in net outflows over the past week
  • All thematic segments have declined over 10% on average over the past month, with the exception of Industrial Revolution ETFs which have sunk 8.77%. Month-to-date, FinTech ETFs have plunged 16.92% on average
  • Over the last month, only one thematic ETF has posted gains: the ProShares Smart Materials ETF (TINT, +13 bps). 9 of the 10 worst performing ETFs on the month are Blockchain ETFs. The First Trust SkyBridge Crypto Industry & Digital Economy ETF (CRPT), the VanEck Digital Transformation ETF (DAPP), the Global X Blockchain ETF (BKCH), and the VanEck Digital Assets Mining ETF (DAM) have all plunged over 40% over the past month
  • Only three thematic ETFs (REMX, LIT, QTUM) have posted gains over the past year. The worst two performers on the year are Cannabis ETFs (POTX, MJUS) and both have declined over 67%

 

 U.S. Factor Playbook

5.17.2022

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

  • All U.S. Factor strategies are down year-to-date, with Momentum/ Growth ETFs declining over 20% on average and Quality ETFs falling over 14% on average
  • The SPDR Portfolio S&P 500 High Dividend ETF (SPYD) gathered $1.1 billion in net inflows over the past week while the iShares MSCI USA Value Factor ETF (VLUE) saw $747 million in net outflows on the week
  • Only one U.S. Factor ETF has posted gains over the past month: the Global Beta Smart Income ETF (GBDV) which has added just 35 bps. The Alpha Intelligent - Large Cap Growth ETF (AILG) has fallen the furthest over the month, dropping nearly 21%
  • S&P 500 Equal Weight (RSP), S&P 500 Quality (SPHQ), S&P 500 Value (SPVU), and S&P 500 Momentum (SPMO) are each currently trading below relative 50-Day and 200-Day Moving Averages. S&P 500 Dividend (SPYD) is currently trading above its 200-Day Moving Average and is in line with its 50-Day Moving Average

 U.S. Sector & Industry Playbook

5.16.2022

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

  • Over the past week, Financials ETFs saw nearly $1.3 billion in net outflows as the Financial Select Sector SPDR Fund (XLF) seeing $856 million in net outflows. The Fidelity MSCI Utilities Index ETF (FUTY) and the SPDR S&P Biotech ETF (XBI) saw the largest net inflows on the week with $452 million and $450 million, respectively
  • Consumer Discretionary ETFs, Communication Services ETFs, and Multi-Sector ETFs have all dallen over 20% yuear-to-date. Meanwhile, Energy ETFs have surged over 30% thus far in 2022
  • The SPDR S&P Metals & Mining ETF (XME) dropped 22.85% over the past month, but is up over12% year-to-date. The SPDR S&P Internet ETF (XWEB) has fallen 22.65% in the past month and over 40% year-to-date
  • The S&P 500 (SPY), Communication Services (XLC), Consumer Discretionary (XLY), Financials (XLF), Health Care (XLV), Industrials (XLI), Materials (XLB), Real Estate (XLRE), and Technology (XLK) are all trading below relative 50-Day and 200-Day Moving Averages. Consumer Staples (XLP) and Energy (XLE) are trading above relative 50-Day and 200-Day Moving Averages

 

 Global Thematic Playbook

5.11.2022

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

  • The ARK Innovation ETF (ARKK) gathered another $401 million in net inflows over the past week despite the fund falling over 18% on the week
  • After a brutal April, all thematic segments have fallen thus far in May. FinTech ETFs are down nearly 16% and Evolving Consumer ETFs have dropped over 10.50% in May
  • Each of the 10 worst performing thametic ETFs over the past month are Blockchain ETFs, highlighting recent weakness. The VanEck Digital Assets Mining ETF (DAM), the VanEck Digital Transformation ETF (DAPP), the First Trust SkyBridge Crypto Industry & Digital Economy ETF (CRPT), and the Global X Blockchain ETF (BKCH) have all plunged over 40% over the past month
  • Notably, nearly half (114) of the 233 global thematic ETFs listed in the U.S. are currently trading at 52-week lows

 

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