Macro Summary
The total ETF market volume reached $260.19B during the May 29, 2026 session, representing activity at 103% of the 30-day average. The session was balanced, with most asset classes trading near their average daily volumes. Equity dominated total turnover at $164.62B (101% of ADV), while Non-Traditional strategies continued to see strong engagement, printing $50.06B (104% of ADV). Notably, Currency ETFs experienced outsized activity relative to their baseline, trading at 158% of their 30-day average, albeit on lower absolute volume ($176.3M).
| Asset Class | Volume | 30D Avg. | % of 30D Avg. |
|---|---|---|---|
| Equity | $164.62B | $163.08B | 101% |
| Fixed Income | $32.7B | $27.96B | 117% |
| Commodity | $7.33B | $7.83B | 94% |
| Digital Asset | $4.08B | $4.08B | 100% |
| Currency | $176.35M | $111.3M | 158% |
| Alternative | $968.1M | $1.06B | 91% |
| Non-Traditional | $50.06B | $48.18B | 104% |
| Multi-Asset | $245.48M | $244.88M | 100% |
Equity
Equity ETFs accounted for $164.62B in trading volume, operating at 101% of their 30-day average. Thematic and specialty strategies drove outlier activity. The Equity: Specialty – Long | Short category led with a remarkable 434% of its average volume ($656.3M), heavily influenced by IALT. Global Ex-U.S. Small/Mid Cap strategies also saw elevated engagement at 301% of ADV ($861.9M). Across individual tickers, systematic and factor-based U.S. Blend funds, such as QEFA (1863% of ADV) and BBEM (1441% of ADV), registered the most extreme volume anomalies.
High-Volume Categories
| Category | Activity vs ADV | $ Volume | 1-Day Return |
|---|---|---|---|
| Equity: Specialty – Long | Short | 434% | $656.29M | +0.02% |
| Equity: Global Ex-U.S. Small | Mid Cap | 301% | $861.91M | +0.21% |
| Equity: Thematic – Industrial Revolution | 241% | $1.45B | -0.35% |
| Equity: Thematic – Health Innovation | 182% | $142.33M | +0.10% |
| Equity: Thematic – Sustainability | 180% | $590.62M | -0.31% |
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| QEFA | State Street SPDR MSCI EAFE StrategicFactors ETF | 1863% | $52.4M | +0.03% |
| BBEM | JPMorgan BetaBuilders Emerging Markets Equity ETF | 1441% | $36.47M | +0.12% |
| HEWJ | iShares Currency Hedged MSCI Japan ETF | 925% | $59.29M | +0.14% |
| JEMA | JPMorgan ActiveBuilders Emerging Markets Equity ETF | 907% | $42.92M | +0.07% |
| HFXI | NYLI FTSE International Equity Currency Neutral ETF | 791% | $62.44M | +0.00% |
| DVYE | iShares Emerging Markets Dividend ETF | 722% | $28.05M | -0.50% |
| PBUS | Invesco MSCI USA ETF | 690% | $88.94M | +0.19% |
| DIVB | iShares Core Dividend ETF | 637% | $28.78M | +1.49% |
| QLTY | GMO US Quality ETF | 616% | $123.93M | +0.17% |
| USPX | Franklin U.S. Equity Index ETF | 616% | $27.36M | +0.20% |
Fixed Income
Fixed Income ETFs generated $32.7B in volume, trading at an elevated 117% of their 30-day average. The session was defined by substantial activity in the short end of the curve and international debt. Taxable – International USD strategies saw the highest relative engagement at 237% of ADV, driven heavily by IAGG. Taxable – Short-Term and Government Ultrashort categories commanded significant capital, turning over $1.7B and $6.3B, respectively. High Yield debt showed concentrated outlier activity, with BHYB trading at 2141% of its normal volume.
High-Volume Categories
| Category | Activity vs ADV | $ Volume | 1-Day Return |
|---|---|---|---|
| Fixed Income: Taxable – International USD | 237% | $1.12B | +0.10% |
| Fixed Income: Taxable – Short-Term | 188% | $1.7B | +0.03% |
| Fixed Income: Taxable – Government Ultrashort | 153% | $6.3B | +0.02% |
| Fixed Income: Taxable – Ultrashort | 150% | $2.3B | -0.07% |
| Fixed Income: Taxable – Core Enhanced | 145% | $1.16B | +0.03% |
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| BHYB | Xtrackers USD High Yield BB-B ex Financials ETF | 2141% | $151.84M | +0.21% |
| BBAG | JPMorgan BetaBuilders U.S. Aggregate Bond ETF | 1051% | $70.43M | +0.19% |
| FLCB | Franklin U.S Core Bond ETF | 721% | $47.79M | +0.07% |
| BSJQ | Invesco BulletShares 2026 High Yield Corp Bond ETF | 693% | $36.96M | +0.07% |
| SMTH | ALPS/SMITH Core Plus Bond ETF | 480% | $40.39M | +0.10% |
| JPST | JPMorgan Ultra-Short Income ETF | 392% | $1.13B | +0.05% |
| IGSB | iShares 1-5 Year Investment Grade Corporate Bond ETF | 366% | $574.76M | +0.11% |
| IAGG | iShares Core International Aggregate Bond ETF | 335% | $445.58M | +0.09% |
| VRP | Invesco Variable Rate Preferred ETF | 297% | $71.0M | -0.33% |
| IBHI | iShares iBonds 2029 Term High Yield and Income ETF | 284% | $8.87M | +0.04% |
Commodity
Commodity ETFs experienced muted volume, trading $7.33B, which represented 94% of the 30-day average. The session lacked broad-based participation, though Multi-Sector Broad Market strategies saw a slight uptick. PIT and CMDY emerged as the sole tickers meeting outlier criteria within the asset class.
High-Volume Categories
No items met the inclusion criteria for this session.
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| PIT | VanEck Commodity Strategy ETF | 293% | $8.42M | -0.55% |
| CMDY | iShares Bloomberg Roll Select Commodity Strategy ETF | 199% | $8.7M | -0.56% |
Digital Asset
Digital Asset ETFs traded perfectly in line with their historical baseline, generating $4.08B in volume (100% of the 30-day average). The action was concentrated primarily in Bitcoin funds, which accounted for $3.44B of the total turnover. BRRR registered as the only significant volume outlier in the group.
High-Volume Categories
No items met the inclusion criteria for this session.
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| BRRR | Coinshares Bitcoin ETF | 187% | $7.59M | +0.17% |
Currency
Currency ETFs displayed anomalous strength relative to their baseline, trading at 158% of their 30-day average. Total volume printed at $176.35M. Both broad US Dollar bullish exposure (UUP) and Euro exposure (FXE) saw outsized engagement.
High-Volume Categories
| Category | Activity vs ADV | $ Volume | 1-Day Return |
|---|---|---|---|
| Currency | 158% | $176.35M | +0.07% |
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| UUP | Invesco DB US Dollar Index Bullish Fund | 223% | $116.52M | -0.13% |
| FXE | Invesco CurrencyShares Euro Trust | 204% | $32.86M | +0.19% |
Alternative
Alternative strategies had a muted session, executing $968.1M in volume, or 91% of their 30-day average. Activity was spread thin across sub-categories, with Absolute Return – Managed Futures capturing slightly above-average attention (113% of ADV). KMLM was the only notable ticker to break the outlier threshold.
High-Volume Categories
No items met the inclusion criteria for this session.
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| KMLM | KraneShares Mount Lucas Managed Futures Index Strategy ETF | 154% | $11.63M | -0.88% |
Non-Traditional
Non-Traditional ETFs sustained strong momentum, posting $50.06B in volume, which equated to 104% of their 30-day average. Leverage | Inverse – Single Stock funds drove massive trading activity, capturing $18.53B at 126% of ADV. Tickers tracking PLTR (PTIR, PLTU) and ASTS (ASTX) dominated the outlier tape with high volatility and extreme volume spikes. Synthetic Income – Equity strategies also proved popular, managing $2.65B at 129% of ADV.
High-Volume Categories
| Category | Activity vs ADV | $ Volume | 1-Day Return |
|---|---|---|---|
| Non-Traditional: Synthetic Income – Equity | 129% | $2.65B | +0.03% |
| Non-Traditional: Leverage | Inverse – Single Stock | 126% | $18.53B | +1.69% |
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| PTIR | GraniteShares 2x Long PLTR Daily ETF | 443% | $276.49M | +18.21% |
| ASTX | Tradr 2X Long ASTS Daily ETF | 405% | $843.56M | -31.03% |
| PMAY | Innovator U.S. Equity Power Buffer ETF – May | 402% | $62.35M | +0.11% |
| PLTU | Direxion Daily PLTR Bull 2X ETF | 331% | $412.54M | +18.42% |
| AIPI | REX AI Equity Premium Income ETF | 284% | $16.94M | +1.12% |
| JEPQ | JPMorgan NASDAQ Equity Premium Income ETF | 254% | $982.03M | +0.34% |
| ORCX | Defiance Daily Target 2X Long ORCL ETF | 242% | $234.67M | +21.40% |
| ROCQ | JPMorgan Nasdaq Equity Premium Yield ETF | 212% | $21.87M | +0.22% |
| PLTY | YieldMax PLTR Option Income Strategy ETF | 207% | $17.16M | +7.54% |
| MUU | Direxion Daily MU Bull 2X ETF | 203% | $2.56B | +9.06% |
Multi-Asset
Multi-Asset ETFs recorded a balanced session with $245.48M in trading volume, exactly matching their 30-day average (100%). Target Risk portfolios formed the bulk of the activity, with Conservative Allocation funds like AOK experiencing a localized surge. Within the Specialty group, NTSX showed elevated interest among alternative allocation models.
High-Volume Categories
No items met the inclusion criteria for this session.
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| AOK | iShares Core 30/70 Conservative Allocation ETF | 196% | $16.0M | +0.12% |
| NTSX | WisdomTree U.S. Efficient Core Fund | 153% | $3.82M | +0.22% |
