Weekly Channel Summary
The Single Stock ETF channel continues to be a battleground for high-conviction traders, with total assets under management holding strong at $40 Billion across 391 ETFs from 17 Issuers. This week, we saw a modest net inflow of $80 Million, keeping the momentum alive. While the weekly number seems quiet, the underlying churn is massive, contributing to a staggering $36.53 Billion in year-to-date inflows. The appetite for volatility hasn’t waned—it’s just shifting targets.
This Week’s Performance Leaders and Laggards
Space and speculative tech took flight this week, while energy infrastructure and crypto-adjacent names hit a wall. Rocket Lab (RKLB) absolutely skyrocketed, leading the pack, followed closely by the seemingly unstoppable rally in Carvana (CVNA). On the flip side, clean energy play Bloom Energy (BE) cratered, dragging the bottom of the list alongside other high-beta names like Oklo and Vertiv that faced heavy selling pressure.
Top & Bottom Underlying Stock Performance (WTD)
| Ticker | Underlying Stock | Week-To-Date Return | Year-To-Date Return | # of Funds |
|---|---|---|---|---|
| Top Performers | ||||
| RKLB | Rocket Lab Corporation | 25.35% | 141.42% | 2 |
| CVNA | Carvana Co. Class A | 13.99% | 124.08% | 2 |
| VOYG | Voyager Technologies, Inc. | 11.71% | — | 1 |
| FLY | Firefly Aerospace, Inc. | 11.56% | — | 1 |
| NEM | Newmont Corporation | 9.34% | 168.11% | 2 |
| Bottom Performers | ||||
| BE | Bloom Energy Corporation | -20.31% | 327.65% | 1 |
| CRDO | Credo Technology Group | -18.25% | 114.12% | 1 |
| OKLO | Oklo Inc. Class A | -16.48% | 311.78% | 1 |
| UPXI | Upexi, Inc. | -15.04% | -35.61% | 1 |
| VRT | Vertiv Holdings Co. Class A | -14.68% | 42.15% | 1 |
Weekly Performance: The Winners and Losers
Leverage was the ultimate differentiator this week. RKLX capitalized on Rocket Lab’s surge to deliver a blistering 53.48% weekly return. Conversely, the bear funds and wrong-way bets got crushed—RKLZ and BEX both shed roughly 40% of their value in just five trading days. This is the double-edged sword of daily resets in action; when the underlying stock moves fast, the leveraged ETFs move faster.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| RKLX | Defiance Daily Target 2X Long RKLB ETF | 53.48% |
| CVNX | Defiance Daily Target 2X Long CVNA ETF | 27.76% |
| VOYX | Tradr 2X Long VOYG Daily ETF | 22.55% |
| GEMG | Leverage Shares 2X Long GEMI Daily ETF | 22.54% |
| FLYT | Tradr 2X Long FLY Daily ETF | 21.33% |
| Bottom Performers | ||
| RKLZ | Defiance Daily Target 2x Short RKLB ETF | -40.61% |
| BEX | Tradr 2X Long BE Daily ETF | -39.02% |
| CRDU | Tradr 2X Long CRDO Daily ETF | -34.34% |
| OKLL | Defiance Daily Target 2x Long OKLO ETF | -33.06% |
| SMUP | T-REX 2X Long SMR Daily Target ETF | -28.94% |
Analyzing the Weekly Flows
Sentiment remains squarely “Risk On.” The Levered category was the clear winner, pulling in nearly $100 million for the week, signaling that traders are chasing beta and betting on continuation. Meanwhile, the Inverse category saw an exodus of over $40 million, as bears threw in the towel. Investors aren’t looking for protection right now; they are looking for amplification.
Where the Money Went This Week
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Levered | 227 | $27,462.6M | $98M | $1,822M | $5,185M | $8,683M | $9,879M |
| Synthetic Income | 95 | $11,114.9M | $25M | $12,805M | $14,537M | $26,373M | $27,152M |
| Currency Hedged | 10 | $25.0M | $1M | $3M | $8M | $14M | $13M |
| Inverse | 45 | $1,320.3M | ($43M) | ($87M) | $112M | $1,439M | $1,400M |
Flow Leaders & Laggards: The ETF Tale of the Tape
Investors piled into enterprise tech and crypto-proxies this week. ORCX (Oracle Bull) took the crown with a massive $128 million inflow, followed by Broadcom and Netflix bulls. However, we saw significant profit-taking in the biggest names: NVDL bled $160 million, and leveraged bets on Meta and Tesla also faced a wave of redemption. It seems traders are rotating cash from the “Magnificent” stalwarts into fresher momentum plays.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| ORCX | Defiance Daily Target 2X Long ORCL ETF | $128M |
| AVGX | Defiance Daily Target 2X Long AVGO ETF | $53M |
| NFXL | Direxion Daily NFLX Bull 2X Shares | $50M |
| AVL | Direxion Daily AVGO Bull 2X Shares | $35M |
| MSTU | T-Rex 2X Long MSTR Daily Target ETF | $32M |
| Outflows | ||
| NVDL | GraniteShares 2x Long NVDA Daily ETF | ($160M) |
| METU | Direxion Daily META Bull 2X Shares | ($66M) |
| TSLL | Direxion Daily TSLA Bull 2X Shares | ($53M) |
| TSLT | T-REX 2X Long Tesla Daily Target ETF | ($45M) |
| MSTY | YieldMax MSTR Option Income Strategy ETF | ($40M) |
Issuer League Table Update
Direxion maintains its heavyweight title with nearly 30% of the total market share, but the flow story was mixed. Defiance was the clear flow champion this week, raking in assets while larger incumbents like GraniteShares faced net redemptions.
The Heavyweights: Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| Direxion | 51 | $11.80B | 29.55% |
| GraniteShares | 56 | $8.86B | 22.17% |
| YieldMax | 41 | $8.70B | 21.79% |
| Defiance | 48 | $2.88B | 7.21% |
| T-Rex | 33 | $2.82B | 7.06% |
Weekly Flows: Issuer Edition
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| Defiance | $306M |
| Leverage Shares | $28M |
| Roundhill | $19M |
| Outflows | |
| GraniteShares | -$226M |
| YieldMax | -$22M |
| Direxion | -$19M |
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.
