Weekly Channel Summary
The Single Stock ETF channel, comprising 612 funds from 18 issuers, currently holds $41.62 billion in assets under management. The segment experienced a net outflow of $223 million for the week, a notable reversal from recent trends. Despite the weekly withdrawal, year-to-date flows remain strongly positive at $10.8 billion, and the one-year total stands at an impressive $20.2 billion.
This Week’s Performance Leaders and Laggards
It was a challenging week for performance across the board, with all categories finishing in the red. The Leverage | Inverse category saw the steepest decline, falling 2.73% for the week. Synthetic Income funds followed with a 1.62% loss, while Currency Hedged products were nearly flat with a minor 0.07% dip. Despite the weekly pullback, the Leverage | Inverse segment maintains a substantial year-to-date gain of 99.41%.
Top & Bottom Underlying Stock Performance (WTD)
| Ticker | Underlying Stock | Week-To-Date Return | Year-To-Date Return | Number of Funds Following Stock |
|---|---|---|---|---|
| Top Performers | ||||
| AMD | Advanced Micro Devices Inc | 8.07% | 141.00% | 1 |
| META | Meta Platforms Inc | 5.07% | -1.83% | 2 |
| XOM | Exxonmobil Holdings Corp Com Shs | 4.09% | 37.93% | 1 |
| AAPL | Apple Inc | 3.84% | 22.22% | 4 |
| TSLA | Tesla Inc | 3.21% | -18.74% | 10 |
| Bottom Performers | ||||
| NVDA | Nvidia Corporation | -5.24% | 17.05% | 8 |
| COIN | Coinbase Global Inc Shs | -5.08% | -22.50% | 2 |
| XYZ | Block Inc | -4.29% | 21.69% | 1 |
| BABA | Alibaba Group Hldg Ltd Sponsored Ads | -3.48% | -25.43% | 1 |
| PYPL | Paypal Hldgs Inc | -2.26% | -7.98% | 1 |
Top & Bottom 5 ETFs by Weekly Performance
Performance among individual funds was highly dependent on the movement of their underlying stocks. The Leverage Shares 2X Long MXL Daily ETF (MXLL) was the week’s standout winner, surging 42.50%. Conversely, funds providing exposure to SMR suffered significant losses. The T-REX 2X Long SMR Daily Target ETF (SMUP) was the worst performer, dropping 25.85% for the week.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| MXLL | Leverage Shares 2X Long MXL Daily ETF | 42.50% |
| HPEL | Leverage Shares 2X Long HPE Daily ETF | 38.17% |
| SMTG | Leverage Shares 2X Long SMTC Daily ETF | 25.41% |
| CRCD | T-REX 2X Inverse CRCL Daily Target ETF | 24.70% |
| VIAG | Leverage Shares 2X Long VIAV Daily ETF | 21.87% |
| Bottom Performers | ||
| SMUP | T-REX 2X Long SMR Daily Target ETF | -25.85% |
| SMU | Tradr 2X Long SMR Daily ETF | -25.41% |
| LEUX | Tradr 2X Long LEU Daily ETF | -24.86% |
| SMRX | Corgi SMR 2x Daily ETF | -24.60% |
| OKLL | Defiance Daily Target 2x Long OKLO ETF | -24.30% |
Analyzing the Weekly Flows
Investors pulled a net $223 million from the Single Stock channel, marking a distinct shift in sentiment. This withdrawal was driven entirely by the Levered category, which bled $485 million in assets. In contrast, traders allocated capital to other strategies, with Inverse funds attracting $191 million and Options Overlay products gathering $70 million. This pivot suggests a move towards more defensive or bearish positioning.
Where the Money Went This Week
| Implementation | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Inverse | 62 | $1.35B | $191M | $266M | $314M | $494M | $700M |
| Options Overlay | 105 | $7.55B | $70M | $148M | $581M | $884M | $3,951M |
| Autocallable | 8 | $20M | $1M | $5M | $9M | $15M | $15M |
| Currency Hedged | 10 | $22M | $0M | -$5M | -$8M | $2M | $3M |
| Levered | 426 | $32.62B | -$485M | -$2,427M | $2,222M | $9,408M | $15,535M |
Top & Bottom 5 ETFs by 5-Day Flow
Flows at the fund level were dominated by a significant directional bet against a single company. The Tradr 2X Short SNDK Daily ETF (SNDQ) led all funds with $97 million in new assets. At the same time, its bullish counterpart, the Tradr 2X Long SNDK Daily ETF (SNXX), saw the largest redemption of the week at $172 million. The Direxion Daily META Bull 2X ETF (METU) also experienced heavy outflows, losing $86 million.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| SNDQ | Tradr 2X Short SNDK Daily ETF | $97M |
| GGLL | Direxion Daily GOOGL Bull 2X ETF | $73M |
| NVDX | T-Rex 2X Long NVIDIA Daily Target ETF | $49M |
| MSTU | T-Rex 2X Long MSTR Daily Target ETF | $45M |
| TSLL | Direxion Daily TSLA Bull 2X ETF | $40M |
| Outflows | ||
| SNXX | Tradr 2X Long SNDK Daily ETF | -$172M |
| METU | Direxion Daily META Bull 2X ETF | -$86M |
| MUU | Direxion Daily MU Bull 2X ETF | -$79M |
| AMDL | GraniteShares 2x Long AMD Daily ETF | -$67M |
| BEX | Tradr 2X Long BE Daily ETF | -$51M |
Note: the following fund(s) were excluded from the flow totals above because the weekly flow exceeds 75% of the fund’s AUM and may be the result of a custom rebalance: SKDD ($48M).
Issuer League Table Update
The issuer landscape remains concentrated, with Direxion leading the way with a 30.60% market share, followed by GraniteShares at 21.73%. For the week, Defiance captured the most new capital, bringing in $128 million in net inflows. On the other hand, Tradr faced the largest withdrawals among all issuers, with a net outflow of $239 million for the week.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| Direxion | 60 | $12.74B | 30.60% |
| GraniteShares | 73 | $9.05B | 21.73% |
| YieldMax | 41 | $6.04B | 14.50% |
| Tradr | 78 | $4.72B | 11.34% |
| T-Rex | 42 | $2.56B | 6.15% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| Defiance | $128M |
| T-Rex | $83M |
| YieldMax | $71M |
| Outflows | |
| Tradr | -$239M |
| GraniteShares | -$175M |
| Leverage Shares | -$46M |
For a deeper dive into these trends, access our FREE, in-depth Single Stock ETF reports in the right side panel of this page.
Disclosures
This material is for informational purposes only and should not be considered investment advice. All investments, including ETFs, involve risk, including the possible loss of principal. Investors should consider their investment objectives, risks, charges, and expenses carefully before investing.
This analysis was developed by the team at ETF Action. We leverage advanced AI tools to assist in the drafting and refinement of our content, based on our expert prompts, direction, and final review.
