Weekly Channel Summary
The Thematic channel, comprising 449 ETFs from 110 issuers, holds a total of $372.66B in assets under management. The channel experienced a robust week of inflows, attracting $3.55B in new capital. This brings year-to-date net flows to a substantial $69.30B, while the one-year total now stands at an impressive $108.02B.
This Week’s Performance Leaders and Laggards
Thematic categories saw widespread declines this week, with only a few areas posting gains. Midstream & MLPs stood out as the top-performing group, rising 2.24% and extending its year-to-date lead to over 21%. In contrast, Disruptive Tech experienced the steepest losses, falling 8.17% for the week, though it remains up more than 24% year-to-date. Other notable laggards included Precious Metals and FinTech, which dropped 5.96% and 5.88%, respectively.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Midstream & MLPs | 2.24% | 6.27% | 7.53% | 16.47% | 21.47% | 23.19% |
| Alternative Equity | 1.41% | 4.06% | -2.56% | -9.36% | -6.83% | -15.55% |
| Evolving Consumer | -1.37% | 1.29% | 1.47% | -2.64% | 0.02% | 7.54% |
| Infrastructure | -1.72% | -3.34% | -0.07% | 10.56% | 18.00% | 27.49% |
| Health Innovation | -2.74% | 12.24% | 19.73% | 19.68% | 28.08% | 59.23% |
| Natural Resources | -3.40% | -9.67% | -14.70% | -9.40% | 1.89% | 28.72% |
| Sustainability | -3.69% | -8.67% | -3.18% | 4.37% | 12.10% | 35.22% |
| Multi-Sector | -4.56% | -3.88% | 3.07% | 4.66% | 9.29% | 17.67% |
| Industrial Revolution | -5.10% | -9.30% | -11.96% | -12.09% | 0.13% | 10.41% |
| FinTech | -5.88% | -10.70% | -6.17% | -12.40% | 0.37% | -2.97% |
| Precious Metals | -5.96% | -15.81% | -29.08% | -27.12% | -16.60% | 43.62% |
| Disruptive Tech | -8.17% | -9.10% | 24.31% | 21.19% | 24.38% | 35.02% |
Top & Bottom 5 ETFs by Weekly Performance
At the individual fund level, performance was highly dispersed across different themes. The Hexis Active Nicotine Engagement ETF (NICO) led all thematic funds with a 4.51% gain, followed closely by several cybersecurity ETFs. On the other end of the spectrum, the Roundhill Memory ETF (DRAM) was the worst performer, plummeting 16.37% for the week. Funds focused on quantum computing and bitcoin mining also faced significant double-digit declines.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| NICO | Hexis Active Nicotine Engagement ETF | 4.51% |
| WCBR | WisdomTree Cybersecurity Fund | 4.03% |
| BUG | Global X Cybersecurity ETF | 3.84% |
| PRVT | Tema Listed Private Managers ETF | 3.52% |
| XA | Corgi AI Cybersecurity ETF | 3.45% |
| Bottom Performers | ||
| DRAM | Roundhill Memory ETF | -16.37% |
| DRMP | Tuttle Capital Memory Stack Income Blast ETF | -16.27% |
| QTUP | Defiance Long Pure Quantum ETF | -14.53% |
| WGMI | CoinShares Bitcoin Mining ETF | -14.29% |
| CQTM | Corgi Quantum Computing ETF | -13.66% |
Analyzing the Weekly Flows
Investors added a net $3.55B to the Thematic channel this week, continuing a strong year for inflows. The vast majority of new assets were concentrated in just two categories, with Disruptive Tech attracting $2.34B and Infrastructure pulling in $1.84B. Conversely, several categories experienced significant redemptions, led by Evolving Consumer which saw outflows of $352M. The Multi-Sector and Industrial Revolution categories also posted notable net withdrawals for the week.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Disruptive Tech | 75 | $105.69B | $2,341M | $11,131M | $29,853M | $34,631M | $48,877M |
| Infrastructure | 47 | $65.44B | $1,842M | $4,068M | $10,452M | $18,156M | $24,694M |
| Precious Metals | 15 | $40.62B | $70M | $6M | -$1,589M | -$1,308M | $2,240M |
| Health Innovation | 25 | $3.02B | $31M | $187M | $190M | $240M | $269M |
| Natural Resources | 57 | $52.98B | $30M | -$305M | $761M | $10,253M | $17,091M |
| Midstream & MLPs | 18 | $26.74B | $18M | $59M | $419M | $1,315M | $2,071M |
| Alternative Equity | 9 | $2.47B | $10M | $23M | $93M | $343M | $651M |
| Sustainability | 28 | $8.36B | -$10M | -$471M | $630M | $1,192M | $2,125M |
| FinTech | 27 | $4.26B | -$25M | -$334M | -$549M | -$707M | -$303M |
| Industrial Revolution | 51 | $19.67B | -$136M | -$1,516M | $2,801M | $7,326M | $9,995M |
| Multi-Sector | 47 | $29.78B | -$266M | -$973M | -$857M | -$100M | $2,823M |
| Evolving Consumer | 50 | $13.64B | -$352M | -$472M | -$430M | -$2,038M | -$2,514M |
Top & Bottom 5 ETFs by 5-Day Flow
Flows were highly concentrated in a few specific funds, led by two massive creations. The Roundhill Memory ETF (DRAM) gathered an impressive $1.89B, despite its sharp performance decline, while the First Trust RBA American Industrial Renaissance ETF (AIRR) was close behind with $1.79B in new assets. On the redemption side, the ARK Innovation ETF (ARKK) experienced the largest outflow at $358M. The State Street SPDR S&P Homebuilders ETF (XHB) also saw significant withdrawals, shedding $239M.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| DRAM | Roundhill Memory ETF | $1,890M |
| AIRR | First Trust RBA American Industrial Renaissance ETF | $1,790M |
| MAGS | Roundhill Magnificent Seven ETF | $301M |
| JTEK | JPMorgan U.S. Tech Leaders ETF | $118M |
| BUG | Global X Cybersecurity ETF | $73M |
| Outflows | ||
| ARKK | ARK Innovation ETF | -$358M |
| XHB | State Street SPDR S&P Homebuilders ETF | -$239M |
| BAI | iShares A.I. Innovation and Tech Active ETF | -$191M |
| ITB | iShares U.S. Home Construction ETF | -$90M |
| XOVR | ERShares Private-Public Crossover ETF | -$46M |
Issuer League Table Update
Global X and iShares continue to lead the Thematic channel by assets, commanding 17.05% and 15.71% of the market share, respectively. In terms of weekly flows, Roundhill was the clear winner, attracting nearly $2.17B in net new assets, largely driven by a single fund. Conversely, ARK saw the largest net redemptions among issuers, with investors pulling $391M from its lineup.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| Global X | 38 | $63.52B | 17.05% |
| iShares | 33 | $58.55B | 15.71% |
| First Trust | 30 | $54.10B | 14.52% |
| VanEck | 20 | $38.98B | 10.46% |
| Roundhill | 11 | $32.47B | 8.71% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| Roundhill | $2,169M |
| First Trust | $1,872M |
| JPMorgan | $118M |
| Outflows | |
| ARK | -$391M |
| SPDR | -$297M |
| iShares | -$194M |
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.
