Macro Summary
Total ETF market volume registered $242.0B, trading at 86% of its 30-day average in a relatively subdued session. The day’s most significant activity was a pronounced, anomalous surge in the Multi-Asset space, specifically within the Asset Allocation: Target Risk – Conservative category, which saw volume spike to 338% of its daily average despite finishing the day nearly flat at +0.01%. This was complemented by elevated trading in Equity’s Latin America region (which fell -0.55% on the day) and Health Care sector (which rose +0.69%), pointing to specific pockets of rebalancing rather than broad-market conviction.
Asset Class Summary
| Asset Class | Volume | 30D Avg. | % of 30D Avg. |
|---|---|---|---|
| Equity | $159.9B | $186.1B | 86% |
| Fixed Income | $27.4B | $30.4B | 90% |
| Commodities | $11.9B | $13.3B | 90% |
| Crypto | $6.0B | $8.7B | 69% |
| Currencies | $57.0M | $77.7M | 73% |
| Alternatives | $722.1M | $1.5B | 48% |
| Non-Traditional | $35.8B | $41.8B | 86% |
| Multi-Asset | $175.2M | $180.5M | 97% |
Equity
Equity ETFs traded $159.9B in total, which was 86% of the 30-day average. While trading was subdued overall, notable activity was seen in the Health Care sector, which traded at 140% of its average volume (closing up +0.69%) and was driven by heavy turnover in XLV (closing +1.43%). The Latin America region also saw a surge at 236% of its average, finishing the day down -0.55%, with significant ticker-level activity in ECH (closing +2.10%) and ILF (closing -1.16%). The only other high-volume category was Thematic – Midstream & MLPs (finishing down -0.46%).
High-Volume Categories (>$100M Traded)
| Category | Activity vs ADV | $ Volume | 1-Day Return |
|---|---|---|---|
| Health Care | 140% | $4.9B | +0.69% |
| Midstream & MLPs | 127% | $166.9M | -0.46% |
| Latin America | 236% | $137.2M | -0.55% |
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| TSME | Thrivent Small-Mid Cap Equity ETF | 2619% | $78.8M | +0.27% |
| SEIM | SEI Enhanced U.S. Large Cap Momentum Factor ETF | 585% | $18.9M | +0.58% |
| BKIE | BNY Mellon International Equity ETF | 559% | $15.0M | +0.79% |
| IAI | iShares U.S. Broker-Dealers & Securities Exchanges ETF | 409% | $76.5M | +1.34% |
| CAOS | Alpha Architect Tail Risk ETF | 381% | $11.5M | -0.05% |
| SNPE | Xtrackers S&P 500 Scored & Screened ETF | 366% | $63.8M | +0.08% |
| ECH | iShares MSCI Chile ETF | 332% | $80.0M | +2.10% |
| EWP | iShares MSCI Spain ETF | 305% | $98.0M | +1.20% |
| CWI | SPDR MSCI ACWI ex-US ETF | 294% | $21.6M | +0.44% |
| SUSA | iShares ESG Optimized MSCI USA ETF | 273% | $24.2M | +0.24% |
Fixed Income
Fixed Income ETFs traded $27.4B in total, which was 90% of the 30-day average. Elevated activity was seen in Bank Loans, which traded at 138% of its average (closing -0.02%), driven by exceptionally high turnover in EVLN (closing +0.03%). International USD funds also saw above-average volume at 124% (finishing +0.03%), led by a massive 824% activity spike in NXUS (closing +0.00%).
High-Volume Categories (>$100M Traded)
| Category | Activity vs ADV | $ Volume | 1-Day Return |
|---|---|---|---|
| Bank Loans | 138% | $665.1M | -0.02% |
| International USD | 124% | $352.4M | +0.03% |
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| EVLN | Eaton Vance Floating-Rate ETF | 6287% | $206.3M | +0.03% |
| NXUS | NuShares ETF Trust Nuveen International Aggregate Bond ETF | 824% | $150.0M | +0.00% |
| CLIP | Global X 1-3 Month T-Bill ETF | 654% | $119.2M | +0.01% |
| TIPX | State Street SPDR Bloomberg 1-10 Year TIPS ETF | 515% | $19.6M | -0.16% |
| IBDX | iShares iBonds Dec 2032 Term Corporate ETF | 479% | $27.5M | -0.06% |
| NHYB | Nuveen High Yield Corporate Bond ETF | 451% | $149.7M | -0.17% |
| XEMD | BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF | 289% | $15.7M | -0.04% |
| ZROZ | PIMCO 25+ Year Zero Coupon US Treasury Index Exchange-Traded Fund | 275% | $64.8M | +0.05% |
| SPLB | State Street SPDR Portfolio Long Term Corporate Bond ETF | 268% | $171.2M | -0.37% |
| PWZ | Invesco California AMT-Free Municipal Bond ETF | 254% | $14.1M | -0.06% |
Commodities
Commodities ETFs traded $11.9B in total, which was 90% of the 30-day average. The only category to see above-average activity was Multi-Sector – Broad Market, which traded at 127% of its average volume (finishing down -0.60%). This was led by elevated turnover in DBC (closing -1.12%) and PDBC (closing -1.19%).
High-Volume Categories (>$100M Traded)
| Category | Activity vs ADV | $ Volume | 1-Day Return |
|---|---|---|---|
| Broad Market | 127% | $242.0M | -0.60% |
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| DBC | Invesco DB Commodity Index Tracking Fund | 215% | $18.6M | -1.12% |
| PDBC | Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF | 179% | $145.3M | -1.19% |
Crypto
Crypto ETFs traded $6.0B in total, which was 69% of the 30-day average. It was a quiet session for the asset class, with no categories meeting the high-volume criteria. The only notable ticker outlier was BRRR (closing -1.00%), which traded at 155% of its average volume.
High-Volume Categories (>$100M Traded)
| Category | Activity vs ADV | $ Volume | 1-Day Return |
|---|---|---|---|
| No categories met the high-volume criteria. | |||
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| BRRR | Coinshares Bitcoin ETF | 155% | $23.7M | -1.00% |
Currencies
Currencies ETFs traded $57.0M in total, which was 73% of the 30-day average. It was a quiet session for the asset class, with no categories meeting the high-volume criteria and no high-activity ticker outliers.
High-Volume Categories (>$100M Traded)
| Category | Activity vs ADV | $ Volume | 1-Day Return |
|---|---|---|---|
| No categories met the high-volume criteria. | |||
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| No high-activity ticker outliers for this asset class. | ||||
Alternatives
Alternatives ETFs traded $722.1M in total, which was 48% of the 30-day average. It was a quiet session for the asset class, with no categories meeting the high-volume criteria and no high-activity ticker outliers.
High-Volume Categories (>$100M Traded)
| Category | Activity vs ADV | $ Volume | 1-Day Return |
|---|---|---|---|
| No categories met the high-volume criteria. | |||
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| No high-activity ticker outliers for this asset class. | ||||
Non-Traditional
Non-Traditional ETFs traded $35.8B in total, which was 86% of the 30-day average. No categories met the high-volume threshold. Ticker-level activity was led by BUYW (closing -0.32%) and UDOW (closing +2.46%), which traded at 300% and 228% of their average volumes, respectively.
High-Volume Categories (>$100M Traded)
| Category | Activity vs ADV | $ Volume | 1-Day Return |
|---|---|---|---|
| No categories met the high-volume criteria. | |||
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| BUYW | Main BuyWrite ETF | 300% | $13.2M | -0.32% |
| UDOW | ProShares UltraPro Dow30 | 228% | $667.7M | +2.46% |
| IDVO | Amplify CWP International Enhanced Dividend Income ETF | 203% | $11.0M | +0.42% |
| XYLD | Global X S&P 500 Covered Call ETF | 184% | $64.6M | +0.01% |
| UCO | ProShares Ultra Bloomberg Crude Oil | 157% | $84.6M | -7.13% |
Multi-Asset
Multi-Asset ETFs traded $175.2M in total, which was 97% of the 30-day average. The session was defined by an anomalous volume spike in the Target Risk – Conservative category, which traded 338% of its average (finishing +0.01%). This activity was almost entirely concentrated in AOK (closing +0.05%), which saw its own volume at 363% of its 30-day average.
High-Volume Categories (>$100M Traded)
| Category | Activity vs ADV | $ Volume | 1-Day Return |
|---|---|---|---|
| No categories met the high-volume criteria. | |||
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| AOK | iShares Core 30/70 Conservative Allocation ETF | 363% | $15.9M | +0.05% |
