No Underlying Index ETF Overview

With 362 ETFs traded in the U.S. markets, No Underlying Index ETFs gather total assets under management of $94.07B. The average expense ratio is 0.68%. 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 $11.95B in assets. In the last trailing year, the best performing No Underlying Index ETF was the DWSH at 52.21%. The most-recent ETF launched in the No Underlying Index space was the Innovator Russell 2000 Power Buffer ETF - April KAPR in 04/01/20.

Top ETF Performers

DWSH AdvisorShares Dorsey Wright Short ETF 31.35%
HDGE AdvisorShares Ranger Equity Bear ETF 28.00%
TAIL Cambria Tail Risk ETF 12.66%
USDU WisdomTree Bloomberg U.S. Dollar Bullish Fund 5.48%
FUT ProShares Managed Futures Strategy ETF 4.98%

Bottom ETF Performers

AMZA InfraCap MLP ETF -63.88%
PFFA Virtus InfraCap U.S. Preferred Stock ETF -56.09%
DIVY Reality Shares DIVS ETF -46.52%
OILK ProShares K-1 Free Crude Oil Strategy ETF -40.20%
PQSV PGIM QMA Strategic Alpha Small-Cap Value ETF -34.39%

Top Creations

ARKK ARK Innovation ETF 200.94
PDBC Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF 181.44
DAUG FT Cboe Vest U.S. Equity Deep Buffer ETF - August 181.22
LMBS First Trust Low Duration Opportunities ETF 101.29
AVUS Avantis U.S. Equity ETF 98.84

Top Redemptions

MINT PIMCO Enhanced Short Maturity Active ETF -2,494.99
JPST JPMorgan Ultra-Short Income ETF -1,894.33
GSY Invesco Ultra Short Duration ETF -642.29
ICSH iShares Ultra Short-Term Bond ETF -472.03
TOTL SPDR DoubleLine Total Return Tactical ETF -337.60

AUM Winners

DAUG FT Cboe Vest U.S. Equity Deep Buffer ETF - August 2,063.18%
UJUN Innovator S&P 500 Ultra Buffer ETF - June 1,420.05%
UMAR Innovator S&P 500 Ultra Buffer ETF - March 1,122.43%
BMAR Innovator S&P 500 Buffer ETF - March 584.13%
DNOV FT Cboe Vest U.S. Equity Deep Buffer ETF - November 381.14%

AUM Losers

LRNZ TrueMark Technology, AI & Deep Learning ETF -77.58%
HECO Strategy Shares EcoLogical Strategy ETF -76.73%
AMZA InfraCap MLP ETF -65.44%
FFTG FormulaFolios Tactical Growth ETF -65.34%
FFSG FormulaFolios Smart Growth ETF -64.72%

Features and News

Does Active ETF Transparency Matter?

How will portfolio opacity change ETF investor outcomes?

Features and News

2019 ETF.com Award Winners

The winners reflect a diverse and maturing ETF industry.

Daily ETF Watch

Defined Outcome ETFs Launch, Reset

A pair of Innovator ETFs launched today, while another three marked their annual reset.

ETF Report

The Last Word: Take A Deep Breath

Keep calm and trust in the power of ETFs

Features and News

March Market Madness Unprecedented

Investors have never ridden such a wild ride.

Features and News

Staying Ahead With Tail Risk ETF

Cambria’s Meb Faber on what’s working well, and what you should focus on in the current market.

Features and News

Negative Interest Rates Coming To US?

We discuss the possibility of negative rates and what it means for investors.

Features and News

Beating The Downturn With Alt ETFs

These off-the-beaten-path strategies can offer different returns, but due diligence is mandatory.

ETF Industry Perspective

Innovator: Why Earn Your Money Twice?

Own the market with a built-in buffer. Innovator ETFs’ Bruce Bond discusses the massive inflows into the firm’s defined outcome products.