Weekly Channel Summary
The Sector & Industry channel closed the week with $1,116.44B in assets spread across 270 ETFs from 58 issuers. Net flows were negative on the week at $-4,284M, though the channel remains solidly positive over longer horizons with $60,189M gathered YTD and $78,093M over the trailing year. This divergence highlights a week of tactical repositioning within a channel that has otherwise seen durable, broad-based demand throughout 2026.
This Week’s Performance Leaders and Laggards
Information Technology led all categories with a 4.17% WTD gain, extending a remarkable run that has pushed its YTD return to 45.12% and 1-Year return to 53.41%. Communication Services (2.31% WTD) and Health Care (1.36% WTD) also posted solid weekly gains, while Utilities (-3.02%) and Energy (-2.99%) brought up the rear despite Energy’s strong 40.90% YTD showing. Semiconductor-focused funds dominated the top performers list, with PSI gaining 7.98% and SMHX up 7.78% on the week. On the downside, energy exploration and production names struggled, led lower by IEO, down 4.51%.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Information Technology | 4.17% | 8.12% | 4.63% | 45.74% | 45.12% | 53.41% |
| Communication Services | 2.31% | 0.87% | 7.64% | 3.38% | -2.07% | -0.48% |
| Health Care | 1.36% | -3.16% | 9.23% | 19.53% | 14.60% | 34.49% |
| Industrial | 0.34% | -5.64% | -7.42% | -0.01% | 6.57% | 10.60% |
| Materials | 0.10% | -6.76% | -2.97% | 2.22% | 11.79% | 16.73% |
| Consumer Discretionary | -0.15% | -6.15% | -2.57% | 0.67% | -6.33% | -5.33% |
| Consumer Staples | -0.27% | -4.60% | -1.68% | 1.62% | 7.18% | 7.63% |
| Real Estate | -1.09% | -7.29% | -5.57% | 5.22% | 6.10% | 5.69% |
| Financials | -1.52% | -5.58% | 1.88% | 12.37% | 3.06% | 6.72% |
| Energy | -2.99% | 0.14% | 14.72% | 3.05% | 40.90% | 39.62% |
| Utilities | -3.02% | -7.88% | -13.05% | -11.20% | -5.44% | -4.89% |
Top & Bottom 5 ETFs by Weekly Performance
The week’s standout performers were concentrated in semiconductors, with PSI (7.98%), SMHX (7.78%), and SOXX (7.43%) all posting gains above 7%. These results align with Information Technology’s sector-wide strength and its outsized YTD gain of 45.12%. Conversely, oil and gas exploration and production funds populated the bottom of the leaderboard, with IEO (-4.51%), PXI (-4.49%), and PXE (-4.45%) all declining more than 4%. The spread between the best and worst performing categories this week, Information Technology and Utilities, exceeded seven percentage points.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| PSI | Invesco Semiconductors ETF | 7.98% |
| SMHX | VanEck Fabless Semiconductor ETF | 7.78% |
| SOXX | iShares Semiconductor ETF | 7.43% |
| FTXL | First Trust Nasdaq Semiconductor ETF | 7.29% |
| XSD | State Street SPDR S&P Semiconductor ETF | 6.76% |
| Bottom Performers | ||
| IEO | iShares U.S. Oil & Gas Exploration & Production ETF | -4.51% |
| PXI | Invesco Dorsey Wright Energy Momentum ETF | -4.49% |
| PXE | Invesco Energy Exploration & Production ETF | -4.45% |
| XOP | State Street SPDR S&P Oil & Gas Exploration & Production ETF | -4.39% |
| PSCE | Invesco S&P SmallCap Energy ETF | -4.33% |
Analyzing the Weekly Flows
The channel recorded a net outflow of $4,284M for the week, driven primarily by a $2,977M redemption from Information Technology despite that category’s strong price performance. Financials (-$1,189M) and Industrial (-$986M) rounded out the largest weekly outflows, contrasting with their positive YTD flow totals of -$3,915M and $12,642M respectively. On the inflow side, Utilities gathered $357M and Communication Services added $341M, both continuing modest positive momentum on a 30-day basis. Real Estate also drew $188M for the week, extending a strong longer-term trend that has brought in $9,270M over the trailing year.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Utilities | 11 | $34.88B | $357M | $726M | $1,109M | $46M | $2,191M |
| Communication Services | 7 | $32.15B | $341M | $594M | -$234M | -$3,343M | -$2,642M |
| Consumer Discretionary | 13 | $31.99B | $242M | $401M | $1,057M | -$1,529M | -$1,454M |
| Real Estate | 53 | $91.21B | $188M | $731M | $2,534M | $6,007M | $9,270M |
| Consumer Staples | 13 | $26.48B | $70M | $328M | $944M | -$944M | -$1,744M |
| Materials | 10 | $13.80B | -$27M | $247M | -$136M | $3,024M | $3,035M |
| Energy | 33 | $70.77B | -$63M | $349M | -$2,039M | $7,556M | $7,402M |
| Health Care | 32 | $114.01B | -$240M | $1,416M | $6,382M | $6,085M | $11,501M |
| Industrial | 30 | $81.90B | -$986M | -$848M | $707M | $12,642M | $15,679M |
| Financials | 35 | $97.31B | -$1,189M | -$1,598M | $539M | -$3,915M | -$6,507M |
| Information Technology | 33 | $521.94B | -$2,977M | $5,821M | $11,479M | $34,560M | $41,360M |
Top & Bottom 5 ETFs by 5-Day Flow
Fund-level flows were led by XLK, which took in $551M, followed closely by VGT with $499M, both reflecting continued investor appetite for broad technology exposure even as the category saw net outflows overall. On the redemption side, SMH saw the largest outflow of the week at $3,218M, a sharp reversal despite the semiconductor sub-segment’s strong price performance. XLF followed with a $727M outflow, consistent with Financials’ broader weekly redemption trend.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| XLK | State Street Technology Select Sector SPDR ETF | $551M |
| VGT | Vanguard Information Technology ETF | $499M |
| VNQ | Vanguard Real Estate ETF | $460M |
| XLU | State Street Utilities Select Sector SPDR ETF | $363M |
| XLC | State Street Communication Services Select Sector SPDR ETF | $267M |
| Outflows | ||
| SMH | VanEck Semiconductor ETF | -$3,218M |
| XLF | State Street Financial Select Sector SPDR ETF | -$727M |
| IDEF | iShares Defense Industrials and Tech Active ETF | -$484M |
| IGV | iShares Expanded Tech-Software Sector ETF | -$370M |
| RSPT | Invesco S&P 500 Equal Weight Technology ETF | -$359M |
Issuer League Table Update
SPDR remains the largest issuer in the channel with $424.26B in assets and a 38.00% market share, followed by Vanguard at $275.17B and 24.65% share. Vanguard led all issuers in weekly inflows, gathering $838M, with US Global adding a smaller but notable $145M. On the outflow side, VanEck experienced the heaviest weekly redemptions at $3,320M, consistent with the sharp single-fund outflow from SMH, while SPDR also saw $857M in net outflows despite its dominant asset base.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| SPDR | 28 | $424.26B | 38.00% |
| Vanguard | 12 | $275.17B | 24.65% |
| iShares | 48 | $202.23B | 18.11% |
| VanEck | 20 | $79.21B | 7.09% |
| Fidelity | 12 | $41.42B | 3.71% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| Vanguard | $838M |
| US Global | $145M |
| Fidelity | $50M |
| Outflows | |
| VanEck | -$3,320M |
| SPDR | -$857M |
| iShares | -$642M |
For a deeper dive into these trends, access our FREE, in-depth Sector & Industry 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.
