No Underlying Index ETF Overview

The No Underlying Index measures the performance of Investment Grade securities and is selected by a Proprietary process. Currently, 218 ETFs track the No Underlying Index with more than $49.27 B in ETP assets with an average expense ratio of 0.74%. The largest ETF is PIMCO Enhanced Short Maturity Active ETF (MINT) by PIMCO with $8.48 B in assets.

In the last 12 months, the best performing No Underlying Index ETF was the ARK Web x.0 ETF (ARKW) at 85.33%. The most-recent ETF launched by No Underlying Index was the Horizons Cadence Hedged U.S. Dividend Yield ETF (USDY) in February 2018.


VMAXREX VolMAXX Long VIX Weekly Futures Strategy ETF106.11%
HDGEAdvisorShares Ranger Equity Bear ETF7.73%
CROCProShares UltraShort Australian Dollar4.17%
FXYCurrencyShares Japanese Yen Trust3.97%
VESHVirtus Enhanced Short U.S. Equity ETF3.02%


VMINREX VolMAXX Short VIX Weekly Futures Strategy ETF-91.88%
AMZAInfraCap MLP ETF-10.12%
AMLXAmplify YieldShares Oil Hedged MLP Income ETF-9.28%
WBIBWBI Tactical SMV Shares-7.31%
EMLPFirst Trust North American Energy Infrastructure Fund-7.30%

top creations

BLOKAmplify Transformational Data Sharing ETF188.43
MINTPIMCO Enhanced Short Maturity Active ETF170.77
PDBCPowerShares Optimum Yield Diversified Commodity Strategy No K-1 Portfolio153.34
SRLNSPDR Blackstone / GSO Senior Loan ETF132.83
ARKKARK Innovation ETF130.29

top redemptions

TOTLSPDR DoubleLine Total Return Tactical ETF-72.69
HOLDAdvisorShares Sage Core Reserves ETF-22.35
FTSMFirst Trust Enhanced Short Maturity ETF-21.02
HDGEAdvisorShares Ranger Equity Bear ETF-13.81
MINCAdvisorShares Newfleet Multi-Sector Income ETF-12.11


DALTAnfield Capital Diversified Alternatives ETF933.20%
FIXDFirst Trust TCW Opportunistic Fixed Income ETF49.17%
FNGAdvisorShares New Tech and Media ETF44.47%
ICSHiShares Ultra Short-Term Bond ETF44.22%
TTAITrimTabs All Cap International Free-Cash-Flow ETF36.57%


COMGGraniteShares S&P GSCI Commodity Broad Strategy No K-1 ETF-48.29%
HYGHiShares Interest Rate Hedged High Yield Bond ETF-28.53%
VMINREX VolMAXX Short VIX Weekly Futures Strategy ETF-23.51%
ELDWisdomTree Emerging Markets Local Debt Fund-15.36%
PSRPowerShares Active US Real Estate Fund-13.52%

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