Evidence Based

Goodbye to Some Memorable ETF Tickers

Last year saw the closure of 224 ETFs—the second most in history behind only 2020. This is notable for a couple of reasons...

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February 1, 2024
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Last year saw the closure of 224 ETFs—the second most in history behind only 2020. This is notable for a couple of reasons. First, it’s a reminder that ETFs are not impervious to attrition, highlighting the importance of evaluating portfolios based on the underlying investment approach and how it aligns with an investor’s long-term goals. And ETFs catering to flavor-of-the-month themes are less likely to stand the test of time.

The mass closures also provide an opportunity to eulogize some memorable tickers in the space. These are a handful of my favorites:

LJIM—RIP to the ETF composed of Jim Cramer’s recommendations. It’s ironic this one was outlasted by SJIM, the ETF shorting his recommendations.

TUNE—The music industry-themed ETF shut down after just a few months of operation. I don’t think they can blame Napster.

GENY—Is a work tenure of seven years on-brand for a millennial-themed ETF?

BAD—Maybe investors were disappointed that this ETF had nothing to do with Michael Jackson’s album. The fund closed before the December holidays, which seems ill-advised for a “sin stock” strategy.

MEME—The meme stock ETF’s creators apparently felt demand for this ticker would be to the moon, but the tendies never came.1

Fund closures have been a fixture in the mutual fund space over the last 20 years. That might be a preview of what to expect from ETFs over the next 20.


1 “To the moon” and “tendies” were common slang expressions used on message boards during the meme stock craze in 2021. They refer to a large increase in value and profits, respectively.


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