No Underlying Index ETF Overview

With 320 ETFs traded in the U.S. markets, No Underlying Index ETFs gather total assets under management of $96.91B. The average expense ratio is 0.67%. No Underlying Index ETFs can be found in the following asset classes:

  • Equity
  • Fixed Income
  • Asset Allocation
  • Alternatives
  • Commodities
  • Currency

The largest No Underlying Index ETF is the PIMCO Enhanced Short Maturity Active ETF MINT with $13.50B in assets. In the last trailing year, the best performing No Underlying Index ETF was the IETC at 21.71%. The most-recent ETF launched in the No Underlying Index space was the Innovator S&P 500 Ultra Buffer ETF - December UDEC in 12/02/19.

Top ETF Performers

ARKG ARK Genomic Revolution ETF 11.66%
MFMS MFAM Small-Cap Growth ETF 9.53%
ARKK ARK Innovation ETF 8.53%
DWMC AdvisorShares Dorsey Wright Micro-Cap ETF 5.86%
IEIH iShares Evolved U.S. Innovative Healthcare ETF 5.83%

Bottom ETF Performers

CNBS Amplify Seymour Cannabis ETF -14.06%
TOKE Cambria Cannabis ETF -11.96%
AMZA InfraCap MLP ETF -10.60%
YOLO AdvisorShares Pure Cannabis ETF -9.36%
BATT Amplify Advanced Battery Metals and Materials ETF -5.60%

Top Creations

JPST JPMorgan Ultra-Short Income ETF 580.18
MINT PIMCO Enhanced Short Maturity Active ETF 305.96
ICSH iShares Ultra Short-Term Bond ETF 261.78
FPE First Trust Preferred Securities & Income ETF 190.93
FLCO Franklin Liberty Investment Grade Corporate ETF 179.73

Top Redemptions

PAPR Innovator S&P 500 Power Buffer ETF - April -171.15
PAUG Innovator S&P 500 Power Buffer ETF - August -117.10
UOCT Innovator S&P 500 Ultra Buffer ETF - October -100.20
FTSM First Trust Enhanced Short Maturity ETF -84.15
IJUL Innovator MSCI EAFE Power Buffer ETF - July -60.33

AUM Winners

BNOV Innovator S&P 500 Buffer ETF - November 605.32%
UNOV Innovator S&P 500 Ultra Buffer ETF - November 251.82%
FNOV FT Cboe Vest U.S. Equity Buffer ETF - November 249.35%
ULTR IQ Ultra Short Duration ETF 208.35%
OPER ClearShares Ultra-Short Maturity ETF 183.33%

AUM Losers

PAPR Innovator S&P 500 Power Buffer ETF - April -24.07%
HDGE AdvisorShares Ranger Equity Bear ETF -23.65%
HUSE Strategy Shares U.S. Market Rotation Strategy ETF -23.29%
LQDH iShares Interest Rate Hedged Corporate Bond ETF -18.43%
MCEF First Trust Municipal CEF Income Opportunity ETF -17.80%

ETF Report

Top ETF Launches From 2019

The top 2019 ETF launches gathered between $100 million and $1.6 billion in assets.

ETF Report

 Commodities In Review: December 2019

October was mostly positive for commodity ETFs

ETF Report

Key Developments In ETFs

A look at some of the biggest themes in the ETF industry during the year.


ETF Prime Podcast: The ESG Debate

Plus, green bonds and ETF due diligence tools.

Features and News

Record Demand For Fixed Income ETFs

Year-to-date inflows for fixed income ETFs are a whopping $129.2 billion. Analysis

Capital Gains & ETFs

While rare, ETFs can incur capital gains. Here’s why.

Daily ETF Watch

First Trust Adds To Defined Outcome ETFs

New ETFs will reset every November.

Features and News

Key Trends In ETF Issuer Growth

The ETF market is growing, and the rising tide lifts all boats—but not evenly. Live Chat!

Live Chat: Bubbles & Deadbeat Uncles

Dave Nadig answers readers' ETF questions in real time. Here’s the transcript.