Macro Summary
The ETF market experienced a relatively muted session on April 16, 2026, with total trading volume reaching $222.57B, registering at just 65% of the 30-day average. Activity was universally subdued across all major asset classes, with Equities and Fixed Income seeing 62% and 64% of their typical daily volumes, respectively. Non-Traditional and Digital Asset segments maintained the highest relative participation, though still lagging their 30-day benchmarks at 88% and 87%.
| Asset Class | Volume | 30D Avg. | % of 30D Avg. |
|---|---|---|---|
| Equity | $144.06B | $232.28B | 62% |
| Fixed Income | $26.12B | $40.88B | 64% |
| Commodities | $6.87B | $18.75B | 37% |
| Digital Asset | $4.27B | $4.92B | 87% |
| Currencies | $67.75M | $190.95M | 35% |
| Alternatives | $1.16B | $1.89B | 61% |
| Non-Traditional | $39.80B | $45.09B | 88% |
| Multi-Asset | $214.06M | $246.60M | 87% |
Equity
Equity ETF trading was notably balanced and quiet overall, with $144.06B in volume representing 62% of the trailing average. Despite the muted broader tape, targeted pockets of thematic and sector-specific rotation drove outsized activity, particularly within Infrastructure and Materials.
High-Volume Categories
| Category | Activity vs ADV | $ Volume | 1-Day Return |
|---|---|---|---|
| Equity: Thematic – Infrastructure | 171% | $846.94M | +0.27% |
| Equity: Thematic – Health Innovation | 137% | $101.48M | -0.57% |
| Equity: Sector – Materials | 126% | $1.04B | +0.67% |
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| GEM | Goldman Sachs ActiveBeta Emerging Markets Equity ETF | 1306% | $85.94M | +0.34% |
| IDU | iShares U.S. Utilities ETF | 1102% | $193.40M | +0.57% |
| FFLG | Fidelity Fundamental Large Cap Growth ETF | 910% | $24.23M | -0.06% |
| IYM | iShares U.S. Basic Materials ETF | 833% | $387.66M | +0.53% |
| GXC | State Street SPDR S&P China ETF | 801% | $25.91M | +0.92% |
| PIZ | Invesco Dorsey Wright Developed Markets Momentum ETF | 593% | $23.44M | -0.07% |
| TSPA | T. Rowe Price U.S. Equity Research ETF | 505% | $54.40M | +0.27% |
| RSPU | Invesco S&P 500 Equal Weight Utilities ETF | 502% | $20.91M | +0.69% |
| FFLC | Fidelity Fundamental Large Cap Core ETF | 375% | $20.87M | +0.08% |
| IYZ | iShares U.S. Telecommunications ETF | 368% | $229.55M | +4.24% |
Fixed Income
Fixed Income flows were subdued, processing $26.12B in total volume (64% of ADV). Despite the light aggregate volume, defined maturity and rate-sensitive portfolios saw intermittent surges as investors adjusted yield curve positioning.
High-Volume Categories
No items met the inclusion criteria for this session.
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| JCPI | JPMorgan Inflation Managed Bond ETF | 415% | $11.50M | -0.12% |
| IBDS | iShares iBonds Dec 2027 Term Corporate ETF | 335% | $44.52M | +0.02% |
| PMMF | iShares Prime Money Market ETF | 298% | $31.83M | +0.00% |
| VRP | Invesco Variable Rate Preferred ETF | 247% | $24.51M | -0.31% |
| FSMB | First Trust Short Duration Managed Municipal ETF | 229% | $5.93M | -0.02% |
| FSEC | Fidelity Investment Grade Securitized ETF | 219% | $16.29M | +0.05% |
| IBDT | iShares iBonds Dec 2028 Term Corporate ETF | 218% | $34.50M | -0.02% |
| CALI | iShares Short-Term California Muni Active ETF | 207% | $7.97M | +0.05% |
| CGSM | Capital Group Short Duration Municipal Income ETF | 194% | $14.33M | +0.08% |
| BBAG | JPMorgan BetaBuilders U.S. Aggregate Bond ETF | 188% | $8.42M | -0.22% |
Commodities
Commodity ETF volume contracted significantly, printing just $6.87B for the session (37% of average). Precious metals and broad commodity baskets saw negligible participation relative to historical norms.
High-Volume Categories
No items met the inclusion criteria for this session.
High-Activity Ticker Outliers
No items met the inclusion criteria for this session.
Digital Asset
Digital Asset ETFs commanded $4.27B in volume, operating at 87% of average daily levels. While slightly below trend, the asset class delivered a robust +1.87% average return, highlighting persistent price momentum despite quieter flows.
High-Volume Categories
No items met the inclusion criteria for this session.
High-Activity Ticker Outliers
No items met the inclusion criteria for this session.
Currencies
Currency ETFs saw extremely light trading action, generating only $67.75M in volume, or 35% of their typical 30-day average. The segment remained fundamentally flat with a +0.01% average return.
High-Volume Categories
No items met the inclusion criteria for this session.
High-Activity Ticker Outliers
No items met the inclusion criteria for this session.
Alternatives
Alternative strategies experienced a subdued session, seeing $1.16B in total volume (61% of ADV). Absolute Return and Volatility complexes traded tightly in line with the broader risk-off volume environment.
High-Volume Categories
No items met the inclusion criteria for this session.
High-Activity Ticker Outliers
No items met the inclusion criteria for this session.
Non-Traditional
Non-Traditional ETFs maintained relatively elevated engagement compared to the broader market, recording $39.80B in volume (88% of average). Leveraged and inverse single-stock exposures dominated the tape as tactical traders sought magnified daily moves in mega-cap tech names.
High-Volume Categories
No items met the inclusion criteria for this session.
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| TSMX | Direxion Daily TSM Bull 2X ETF | 422% | $201.80M | -6.54% |
| AMDL | GraniteShares 2x Long AMD Daily ETF | 308% | $402.45M | +14.88% |
| MSFU | Direxion Daily MSFT Bull 2X ETF | 275% | $325.57M | +4.00% |
| ORCX | Defiance Daily Target 2X Long ORCL ETF | 270% | $248.28M | +9.91% |
| BULZ | MicroSectors Solactive FANG & Innovation 3X Leveraged ETN | 224% | $76.28M | +2.71% |
| ROM | ProShares Ultra Technology | 212% | $7.42M | +2.31% |
| FNGU | MicroSectors FANG+ 3 Leveraged ETNs | 201% | $229.32M | -1.94% |
| BUFD | FT Vest Laddered Deep Buffer ETF | 162% | $13.19M | +0.09% |
| CSHI | NEOS Enhanced Income 1-3 Month T-Bill ETF | 162% | $30.21M | -0.01% |
| IRE | Defiance Daily Target 2X Long IREN ETF | 157% | $144.11M | -5.80% |
Multi-Asset
Multi-Asset funds traded $214.06M, registering 87% of their average volume. Specialty asset allocations and alternative sleeves experienced mild participation, returning +0.12% on average.
High-Volume Categories
No items met the inclusion criteria for this session.
High-Activity Ticker Outliers
| Ticker | Name | Activity vs ADV | $ Volume | 1D Return |
|---|---|---|---|---|
| RLY | State Street Multi-Asset Real Return ETF | 222% | $19.59M | +0.22% |
| NTSX | WisdomTree U.S. Efficient Core Fund | 161% | $4.87M | +0.20% |
