ETF Deathwatch, December 2009: 128 Funds and Counting

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 |  Includes: BDG, BHH, BVL, DOD, EEH, GBB, JEM, JFT, JJT, KME, MZG, MZN, MZO, PGD, PTD, TZD, TZE, UBC, UBN, UEM
by: Ron Rowland

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 (NYSEARCA: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
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Past issues of ETF Deathwatch are available here.

Disclosure covering writer, editor, and publisher: No positions in any of the securities mentioned. No positions in any of the companies or ETF sponsors mentioned. No income, revenue, or other compensation (either directly or indirectly) received from, or on behalf of, any of the companies or ETF sponsors mentioned.