ETF Deathwatch Report For December 2009
December 7th, 2009
Ron Rowland From InvestWithAnEdge puts out his monthly ETF Deathwatch Report: The number of funds on ETF Deathwatch jumped 13% to 128 this month from 113 in November. The count consists of 88 ETFs and 40 ETNs that failed to generate at least $100,000 in average daily value traded (ADVT) for the past month.
E-TRACS CMCI Short Platinum Excess Return (PTD) headed the list for the fourth month in a row. PTD saw action on only one day in November and it was for only 100 shares. So far in 2009 PTD has only traded on 33 days. In the August-November period it traded on just 10 days for a cumulative volume of 1,100 shares while posting 74 days of zero volume. Its highest volume day during that four-month span was just 300 shares.
Hello? E-TRACS? Is anybody home? More than 90% of your entire product line is in shambles. This is not a new revelation. It’s been going on for a long time. Yet someone at E-TRACS had the courage (if that the right word) to launch yet another new product last month.
Claymore has 16 products on this month’s list. Last month, Claymore announced that four (MZG, MZN, MZO, UEM) of them would be shut down in December but has said nothing about the others.
Elements has eight products on this month’s deathwatch, including three named after Ben Graham. Clearly it takes more than a name to make an exchange-traded product financially successful. PowerShares has the dubious distinction of having the largest quantity of products on the list at 29. To make things worse for these struggling ETFs, ETNs, and sponsors, Schwab has now upped the ante for anyone wanting to compete in this arena.
The average age of the funds on ETF Deathwatch is more than 28 months, so this isn’t really a “new fund” phenomenon. In fact, the 83 new products launched in the past six months are excluded to give them a chance to establish a foothold.
ETF Deathwatch – December 2009
| Rank | Ticker | Name | Age (mths) | Avg Daily Volume | Avg Daily Value Traded |
|---|---|---|---|---|---|
| 1 | (PTD) | E-TRACS CMCI Short Platinum Exc Ret ETN | 19 | 5 | $171 |
| 2 | (DOD) | Elements Dogs of the Dow Total Return ETN | 25 | 545 | $3,617 |
| 3 | (JEM) | Barclays GEMS Currency Index ETN | 22 | 90 | $4,070 |
| 4 | (MZG) | Claymore/Mrngstr Manufact. SuperSector | 28 | 210 | $4,326 |
| 5 | (MZO) | Claymore/Mrngstr Services SuperSector | 28 | 250 | $4,384 |
| 6 | (JFT) | First Trust Enhanced 130/30 Large Cap ETN | 19 | 220 | $5,521 |
| 7 | (BHH) | HOLDRS B2B Internet ETF | 119 | 14,530 | $5,700 |
| 8 | (JJT) | iPath DJ-UBS Tin ETN | 17 | 165 | $5,840 |
| 9 | (BVL) | Elements Ben Graham Large Cap Value ETN | 16 | 640 | $5,987 |
| 10 | (PBTQ) | PowerShares Global Biotech Portfolio | 15 | 270 | $6,161 |
| 11 | (PNXQ) | PowerShares Nasdaq Next Q | 20 | 305 | $6,793 |
| 12 | (PGD) | Barclays Asian&Gulf Currency Reval. ETN | 18 | 135 | $6,826 |
| 13 | (KME) | SPDR KBW Mortgage Finance ETF | 7 | 175 | $7,028 |
| 14 | (BDG) | PowerShares DB Base Metals Lng ETN | 18 | 360 | $7,713 |
| 15 | (GBB) | iPath GBP/USD Exchange Rate ETN | 31 | 180 | $8,067 |
| 16 | (TZD) | iShares S&P Target Date 2010 Index Fund | 13 | 285 | $8,281 |
| 17 | (UBN) | E-TRACS CMCI Energy Total Return ETN | 20 | 575 | $8,632 |
| 18 | (UBC) | E-TRACS CMCI Livestock Total Return ETN | 20 | 500 | $8,970 |
| 19 | (TZE) | iShares S&P Target Date 2015 Index Fund | 13 | 330 | $9,770 |
| 20 | (EEH) | Elements Spec LgCap US Sector Mo ETN | 28 | 1,265 | $9,931 |
| 21 | (MKH) | HOLDRS Merrill Lynch Market 2000+ | 113 | 255 | $12,487 |
| 22 | (FUE) | Elements MLCX Biofuels ETN | 22 | 1,565 | $12,748 |
| 23 | (GWO) | Elements CS Global Warming ETN | 20 | 1,790 | $13,151 |
| 24 | (BSC) | Elements Ben Graham Small Cap Value ETN | 16 | 1,290 | $13,209 |
| 25 | (AYT) | Barclays GEMS Asia 8 ETN | 15 | 290 | $13,437 |
| 26 | (BVT) | Elements Ben Graham Total Mkt Value ETN | 16 | 1,385 | $13,888 |
| 27 | (STH) | Claymore/Sabrient Stealth | 39 | 970 | $14,244 |
| 28 | (UEM) | Claymore U.S.-1-The Capital Markets | 22 | 350 | $15,875 |
| 29 | (IIH) | HOLDRS Internet Infrastructure | 119 | 8,110 | $19,554 |
| 30 | (TZV) | iShares S&P Target Date 2040 Index Fund | 13 | 660 | $19,586 |
| 31 | (URR) | Market Vectors Double Long Euro ETN | 19 | 537 | $19,645 |
| 32 | (TZG) | iShares S&P Target Date 2020 Index Fund | 13 | 720 | $21,309 |
| 33 | (UBD) | Claymore U.S. Capital Markets Bond ETF | 22 | 430 | $22,018 |
| 34 | (EXB) | Claymore/Beacon Global Exch, Brkrs, & Asst Mgrs | 30 | 1,610 | $22,023 |
| 35 | (RHO) | Rydex Inverse 2x S&P Health Care | 18 | 655 | $23,138 |
| 36 | (TZL) | iShares S&P Target Date 2030 Index Fund | 13 | 795 | $23,520 |
| 37 | (CZA) | Claymore/Zacks Mid-Cap Core ETF | 32 | 1,073 | $24,004 |
| 38 | (PQSC) | PowerShares FTSE Nasdaq Small Cap | 20 | 1,220 | $24,779 |
| 39 | (TZI) | iShares S&P Target Date 2025 Index Fund | 13 | 880 | $26,108 |
| 40 | (IPD) | SPDR S&P International Consumer Discr | 16 | 1,090 | $26,389 |
| 41 | (OTP) | Claymore/Ocean Tomo Patent | 36 | 1,235 | $27,395 |
| 42 | (ADZ) | PowerShares DB Agriculture Short ETN | 20 | 905 | $28,808 |
| 43 | (IRY) | SPDR S&P International Health Care | 16 | 1,020 | $29,954 |
| 44 | (AGF) | PowerShares DB Agriculture Long ETN | 20 | 1,750 | $30,169 |
| 45 | (UBM) | E-TRACS CMCI Industrial Metals TR ETN | 20 | 1,565 | $30,302 |
| 46 | (PLK) | PowerShares Active Low Duration | 20 | 1,215 | $30,844 |
| 47 | (RTW) | Rydex Inverse 2x S&P Technology | 18 | 1,449 | $30,934 |
| 48 | (IPN) | SPDR S&P International Industrial | 16 | 1,367 | $32,026 |
| 49 | (PTRP) | PowerShares Glb Progressive Transport. | 15 | 1,220 | $32,048 |
| 50 | (IPU) | SPDR S&P International Utilities | 16 | 1,470 | $32,956 |
| 51 | (PJO) | PowerShares FTSE RAFI Japan | 30 | 1,005 | $35,598 |
| 52 | (USV) | E-TRACS CMCI Silver Total Return ETN | 20 | 1,400 | $36,709 |
| 53 | (PAO) | PowerShares Auto Balanced Growth NFA | 19 | 3,250 | $36,874 |
| 54 | (TGR) | iShares S&P Target Date Retirement Inc. | 13 | 1,325 | $37,063 |
| 55 | (UAG) | E-TRACS CMCI Agriculture TR ETN | 20 | 1,775 | $38,100 |
| 56 | (DPC) | WisdomTree Intl Consumer Cyclical | 38 | 2,000 | $38,769 |
| 57 | (JYN) | iPath JPY/USD Exchange Rate ETN | 31 | 600 | $39,655 |
| 58 | (BOM) | PowerShares DB Base Metals Dbl Sh ETN | 18 | 1,945 | $39,746 |
| 59 | (JYF) | WisdomTree Dreyfus Japan Yen | 19 | 1,360 | $39,996 |
| 60 | (UCI) | E-TRACS CMCI Total Return ETN | 20 | 2,085 | $39,999 |
| 61 | (INY) | SPDR Barclays New York Muni Bond | 26 | 1,825 | $40,422 |
| 62 | (OTR) | Claymore/Ocean Tomo Growth | 32 | 1,750 | $40,888 |
| 63 | (TDD) | TDX Independence 2010 | 26 | 1,850 | $43,379 |
| 64 | (FUD) | E-TRACS CMCI Food Total Return ETN | 20 | 2,055 | $43,501 |
| 65 | (TZO) | iShares S&P Target Date 2035 Index Fund | 13 | 1,480 | $43,963 |
| 66 | (FVI) | First Trust Value Line Equity Allocation | 36 | 2,705 | $44,061 |
| 67 | (MZN) | Claymore/Mrngstr Inform. SuperSector | 28 | 2,145 | $44,091 |
| 68 | (RGI) | Rydex S&P Equal Weight Industrials | 37 | 1,056 | $44,247 |
| 69 | (GVT) | Grail American Beacon Large Cap Value | 7 | 1,390 | $44,321 |
| 70 | (IFNA) | iShares FTSE NAREIT North America | 25 | 1,475 | $44,549 |
| 71 | (GRN) | iPath Global Carbon ETN | 17 | 1,860 | $46,108 |
| 72 | (INR) | Market Vectors Indian Rupee/USD ETN | 21 | 1,240 | $47,215 |
| 73 | (PCA) | PowerShares Auto Balanced NFA | 19 | 4,170 | $49,702 |
| 74 | (CRO) | Claymore/Zacks Country Rotation | 29 | 2,960 | $49,947 |
| 75 | (EKH) | HOLDRS Europe 2001 | 108 | 820 | $50,532 |
| 76 | (PQY) | PowerShares Active AlphaQ | 20 | 2,340 | $50,992 |
| 77 | (PQBW) | PowerShares Nasdaq 100 Buy/Write | 18 | 2,385 | $53,224 |
| 78 | (WMW) | Elements Mrngstr Wide Moat Focus ETN | 26 | 5,405 | $54,389 |
| 79 | (TDN) | TDX Independence 2030 | 26 | 3,082 | $57,594 |
| 80 | (DEF) | Claymore/Sabrient Defender | 36 | 2,835 | $57,925 |
| 81 | (JPP) | SPDR Russell/Nomura PRIME Japan | 37 | 1,595 | $58,041 |
| 82 | (WMH) | HOLDRS Wireless | 111 | 1,290 | $58,398 |
| 83 | (PTO) | PowerShares Auto Growth NFA | 19 | 5,405 | $58,468 |
| 84 | (PTE) | PowerShares Dynamic Telecom & Wireless | 49 | 4,625 | $58,555 |
| 85 | (RHM) | Rydex 2x S&P Health Care | 18 | 960 | $58,745 |
| 86 | (JJS) | iPath DJ-UBS Softs ETN | 17 | 1,260 | $58,803 |
| 87 | (FAD) | First Trust Multi Cap Growth AlphaDEX | 31 | 2,620 | $59,170 |
| 88 | (PQZ) | PowerShares Active Alpha Multi-Cap | 20 | 3,615 | $60,016 |
| 89 | (DDP) | PowerShares DB Commodity Short ETN | 19 | 1,545 | $60,603 |
| 90 | (RTL) | iShares FTSE NAREIT Retail Capped | 31 | 3,110 | $61,564 |
| 91 | (IPS) | SPDR S&P International Consumer Staples | 16 | 2,325 | $64,388 |
| 92 | (MBG) | SPDR Barclays Mortgage Backed Bond ETF | 10 | 2,430 | $65,694 |
| 93 | (DPU) | PowerShares DB Commodity Long ETN | 19 | 4,150 | $66,015 |
| 94 | (TDV) | TDX Independence 2040 | 26 | 3,710 | $66,876 |
| 95 | (EMV) | SPDR Dow Jones Mid Cap Value | 49 | 1,550 | $67,484 |
| 96 | (PFI) | PowerShares Dynamic Financials | 38 | 4,020 | $67,589 |
| 97 | (PTJ) | PowerShares Dynamic Healthcare Services | 38 | 3,655 | $68,109 |
| 98 | (EEN) | Claymore/BNY Mellon EW Euro-Pacific LDRs | 34 | 3,880 | $70,502 |
| 99 | (BOS) | PowerShares DB Base Metals Sht ETN | 18 | 2,920 | $70,528 |
| 100 | (ADRU) | BLDRS Europe 100 ADR | 86 | 3,260 | $71,101 |
| 101 | (GCE) | Claymore CEF Index GS Connect ETN | 24 | 4,495 | $72,313 |
| 102 | (PMA) | PowerShares Active Mega-Cap Portfolio | 20 | 3,285 | $72,379 |
| 103 | (ERO) | iPath EUR/USD Exchange Rate ETN | 31 | 1,250 | $72,691 |
| 104 | (RHS) | Rydex S&P Equal Weight Cons Staples | 37 | 1,475 | $73,128 |
| 105 | (EZY) | WisdomTree Large Cap Value | 34 | 2,155 | $74,517 |
| 106 | (RWW) | RevenueShares Financials Sector Fund | 13 | 2,655 | $75,023 |
| 107 | (JJE) | iPath DJ-UBS Energy ETN | 26 | 2,935 | $76,746 |
| 108 | (ROB) | Claymore/Robb Report Global Luxury | 28 | 4,420 | $77,335 |
| 109 | (TDX) | TDX Independence In-Target | 26 | 3,141 | $79,471 |
| 110 | (PWO) | PowerShares Dynamic OTC | 80 | 2,120 | $81,644 |
| 111 | (IFEU) | iShares FTSE EPRA/NAREIT Europe | 25 | 2,710 | $83,114 |
| 112 | (TDH) | TDX Independence 2020 | 26 | 3,993 | $84,145 |
| 113 | (PZJ) | PowerShares Zacks Small Cap | 46 | 5,070 | $85,056 |
| 114 | (PKW) | PowerShares Buyback Achievers | 36 | 4,290 | $85,644 |
| 115 | (QQXT) | First Trust Nasdaq-100 ex-Technology | 34 | 5,140 | $87,290 |
| 116 | (RWV) | RevenueShares Navellier Overall A-100 | 10 | 2,960 | $89,727 |
| 117 | (PKN) | PowerShares Global Nuclear Energy | 20 | 4,850 | $90,878 |
| 118 | (AGA) | PowerShares DB Agriculture Dbl Short ETN | 20 | 2,475 | $92,229 |
| 119 | (RMS) | Rydex Inverse 2x S&P MidCap 400 | 25 | 2,680 | $92,320 |
| 120 | (SJL) | ProShares UltraShort Russell Midcap Value | 34 | 3,125 | $93,582 |
| 121 | (UBG) | E-TRACS CMCI Gold Total Return ETN | 20 | 2,955 | $93,642 |
| 122 | (XRO) | Claymore/Zacks Sector Rotation | 39 | 4,808 | $94,477 |
| 123 | (IPF) | SPDR S&P International Financial | 17 | 4,425 | $94,803 |
| 124 | (FIO) | iShares FTSE NAREIT Industrial/Office Cpd | 31 | 4,505 | $97,072 |
| 125 | (PEF) | PowerShares FTSE RAFI Europe | 30 | 2,670 | $98,268 |
| 126 | (DBT) | WisdomTree Intl Technology | 38 | 5,490 | $98,668 |
| 127 | (BWV) | iPath CBOE S&P 500 BuyWrite Index ETN | 31 | 2,265 | $99,107 |
| 128 | (FPX) | First Trust US IPO Index Fund | 44 | 5,200 | $99,789 |
Past issues of ETF Deathwatch are available here.
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