Weekly Channel Summary
Thematic ETFs represent $381.85 billion in assets under management across 449 funds from 110 issuers. The channel attracted significant capital this week, recording net inflows of $3.56 billion. This recent activity contributes to a year-to-date total of $62.53 billion and a one-year total of $104.81 billion in net new assets.
This Week’s Performance Leaders and Laggards
The Industrial Revolution category led performance for the week with a 6.32% gain, rebounding from recent losses. On the other end of the spectrum, FinTech was the worst-performing category, declining by 3.47%, followed closely by Disruptive Tech which fell 3.15%. Despite a mixed week for technology-focused themes, Health Innovation posted a solid 3.57% return, extending its year-to-date lead to an impressive 35.66%.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Industrial Revolution | 6.32% | -7.67% | 4.18% | 6.00% | 8.60% | 26.52% |
| Health Innovation | 3.57% | 22.92% | 39.82% | 35.30% | 35.66% | 67.98% |
| Alternative Equity | 2.79% | -0.66% | 3.01% | -9.15% | -8.53% | -12.93% |
| Multi-Sector | 2.16% | -2.11% | 20.17% | 13.16% | 14.46% | 27.27% |
| Precious Metals | 2.12% | -11.54% | -15.90% | -7.42% | -7.68% | 56.15% |
| Evolving Consumer | 1.22% | 0.42% | 13.14% | 2.15% | 2.52% | 12.14% |
| Natural Resources | 0.02% | -12.52% | -5.44% | 2.65% | 5.98% | 37.38% |
| Sustainability | -0.01% | -14.06% | 10.22% | 14.31% | 18.89% | 47.97% |
| Midstream & MLPs | -0.03% | -0.55% | 1.11% | 16.16% | 17.25% | 18.22% |
| Infrastructure | -1.97% | -2.16% | 8.75% | 18.25% | 20.70% | 32.40% |
| Disruptive Tech | -3.15% | -9.05% | 36.12% | 29.27% | 30.28% | 45.75% |
| FinTech | -3.47% | -10.82% | 20.82% | 1.08% | 6.05% | 9.54% |
Top & Bottom 5 ETFs by Weekly Performance
Space and defense-related funds soared this week, with the Global X Space Tech ETF (ORBX) leading all thematic products with a 14.15% return. Several peers, including VanEck Space ETF (WARP) and Tema International Defense ETF (ARMY), also posted double-digit gains. Conversely, funds focused on digital assets and memory chips faced significant headwinds, as seen with the CoinShares Bitcoin Mining ETF (WGMI), which fell 19.08%.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| ORBX | Global X Space Tech ETF | 14.15% |
| WARP | VanEck Space ETF | 12.24% |
| ARMY | Tema International Defense ETF | 12.09% |
| MARS | Roundhill Space & Technology ETF | 11.40% |
| XDEF | Xtrackers Europe Defense Technologies ETF | 11.17% |
| Bottom Performers | ||
| WGMI | CoinShares Bitcoin Mining ETF | -19.08% |
| MNRS | Grayscale Bitcoin Miners ETF | -16.30% |
| DRAM | Roundhill Memory ETF | -15.65% |
| BKCH | Global X Blockchain ETF | -13.20% |
| DRMP | Tuttle Capital Memory Stack Income Blast ETF | -11.60% |
Analyzing the Weekly Flows
Thematic ETFs saw net inflows of $3.56 billion this week, driven overwhelmingly by a single category. Disruptive Tech funds dominated asset gathering, pulling in $3.20 billion, which continues a strong trend that has brought in over $28.9 billion year-to-date. Infrastructure also saw healthy demand with $749 million in new assets, while the Industrial Revolution category experienced the largest outflows at $417 million.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Disruptive Tech | 74 | $106.73B | $3,200M | $9,714M | $26,053M | $28,901M | $43,892M |
| Infrastructure | 47 | $67.07B | $749M | $3,570M | $10,466M | $16,520M | $24,168M |
| Evolving Consumer | 50 | $14.21B | $346M | -$26M | $56M | -$1,440M | -$1,575M |
| Precious Metals | 15 | $42.33B | $199M | -$543M | -$1,976M | -$1,610M | $2,149M |
| Multi-Sector | 47 | $31.06B | $152M | -$652M | -$547M | -$172M | $3,145M |
| Health Innovation | 25 | $3.03B | $64M | $109M | $88M | $137M | $157M |
| Midstream & MLPs | 18 | $25.43B | $23M | $8M | $369M | $1,228M | $1,960M |
| Alternative Equity | 9 | $2.41B | -$5M | $17M | $240M | $344M | $703M |
| Sustainability | 28 | $9.19B | -$221M | -$178M | $904M | $1,358M | $2,297M |
| Natural Resources | 57 | $54.70B | -$250M | -$234M | $1,291M | $10,360M | $17,712M |
| FinTech | 28 | $4.51B | -$282M | -$601M | -$296M | -$639M | -$165M |
| Industrial Revolution | 51 | $21.18B | -$417M | -$925M | $3,610M | $7,536M | $10,366M |
Top & Bottom 5 ETFs by 5-Day Flow
A single fund accounted for the vast majority of weekly flows, as the Roundhill Memory ETF (DRAM) attracted an immense $3.05 billion in net inflows. This occurred despite the fund’s significant performance drop of over 15% for the week, highlighting a major divergence between flows and returns. On the redemption side, the iShares A.I. Innovation and Tech Active ETF (BAI) shed $556 million, and the Tema Space Innovators ETF (NASA) saw outflows of $200 million.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| DRAM | Roundhill Memory ETF | $3,052M |
| MAGS | Roundhill Magnificent Seven ETF | $396M |
| XHB | State Street SPDR S&P Homebuilders ETF | $315M |
| PAVE | Global X U.S. Infrastructure Development ETF | $189M |
| GDX | VanEck Gold Miners ETF | $178M |
| Outflows | ||
| BAI | iShares A.I. Innovation and Tech Active ETF | -$556M |
| NASA | Tema Space Innovators ETF | -$200M |
| SHLD | Global X Defense Tech ETF | -$175M |
| XME | State Street SPDR S&P Metals & Mining ETF | -$132M |
| ICLN | iShares Global Clean Energy ETF | -$128M |
Issuer League Table Update
Global X and iShares continue to lead the thematic space by assets, commanding 17.42% and 15.82% of the market share, respectively. Roundhill was the standout asset gatherer of the week, bringing in $3.45 billion in net new assets, largely due to a single fund’s massive intake. Meanwhile, iShares experienced the largest net redemptions among issuers, with investors pulling $290 million from its thematic lineup.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| Global X | 38 | $66.51B | 17.42% |
| iShares | 33 | $60.39B | 15.82% |
| First Trust | 30 | $54.40B | 14.25% |
| VanEck | 20 | $41.02B | 10.74% |
| Roundhill | 11 | $30.99B | 8.12% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| Roundhill | $3,446M |
| First Trust | $368M |
| Corgi | $142M |
| Outflows | |
| iShares | -$290M |
| Tema | -$211M |
| CoinShares | -$124M |
For a deeper dive into these trends, access our FREE, in-depth Thematic 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.
