Weekly Channel Summary
The Single Stock ETF channel encompasses 611 products from 18 issuers, with total assets under management standing at $40.74 billion. The category experienced net outflows of $751 million for the week, though it remains firmly positive on the year. Year-to-date, the channel has attracted $11.08 billion in net new assets, contributing to a one-year total of $19.82 billion.
This Week’s Performance Leaders and Laggards
Leverage and Inverse single stock products were the top-performing category, gaining 9.09% for the week and extending their impressive year-to-date return to over 103%. The performance of underlying stocks was mixed, with names like Meta Platforms and Nvidia posting strong gains. Meanwhile, Synthetic Income and Currency Hedged strategies also delivered positive but more modest weekly returns of 3.33% and 2.58%, respectively.
Top & Bottom Underlying Stock Performance (WTD)
| Ticker | Underlying Stock | Week-To-Date Return | Year-To-Date Return | Number of Funds Following Stock |
|---|---|---|---|---|
| Top Performers | ||||
| META | Meta Platforms Inc | 6.70% | -6.56% | 2 |
| NVDA | Nvidia Corporation | 5.89% | 23.52% | 8 |
| MRNA | Moderna Inc | 5.48% | 393.56% | 1 |
| COIN | Coinbase Global Inc Shs | 3.36% | -18.35% | 2 |
| AMD | Advanced Micro Devices Inc | 2.58% | 123.00% | 1 |
| Bottom Performers | ||||
| BABA | Alibaba Group Hldg Ltd Sponsored Ads | -4.76% | -22.75% | 1 |
| NFLX | Netflix Inc. | -4.25% | -16.54% | 1 |
| AMZN | Amazon Com Inc | -2.97% | 12.00% | 3 |
| MSFT | Microsoft Corp | -2.69% | 3.32% | 2 |
| GOOG | Alphabet Inc Cap Stk Cl C | -2.21% | 6.85% | 3 |
Top & Bottom 5 ETFs by Weekly Performance
The week’s top performers were dominated by leveraged long funds tracking IREN, with several products surging over 54%. Tradr 2X Long IREN Daily ETF (IREX) led the pack with a 56.11% gain. On the other end of the spectrum, leveraged funds tracking CRDO saw significant losses, as exemplified by the Tradr 2X Long CRDO Daily ETF (CRDU), which fell by more than 50%.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| IREX | Tradr 2X Long IREN Daily ETF | 56.11% |
| IREG | Leverage Shares 2X Long IREN Daily ETF | 55.54% |
| IRE | Defiance Daily Target 2X Long IREN ETF | 54.78% |
| IREC | Corgi IREN 2x Daily ETF | 54.77% |
| BEC | Corgi BE 2x Daily ETF | 42.14% |
| Bottom Performers | ||
| CRDU | Tradr 2X Long CRDO Daily ETF | -50.34% |
| CRD | Corgi CRDO 2x Daily ETF | -50.16% |
| IREZ | Tradr 2X Short IREN Daily ETF | -40.14% |
| CRCD | T-REX 2X Inverse CRCL Daily Target ETF | -36.60% |
| LULG | Leverage Shares 2X Long LULU Daily ETF | -34.10% |
Analyzing the Weekly Flows
Single Stock ETFs recorded net outflows of $751 million, driven almost entirely by redemptions from Levered products. This implementation group saw $820 million exit, reversing some of the strong demand seen over the past quarter. Bucking the trend, Options Overlay and Inverse strategies attracted modest new assets, collecting $53 million and $17 million, respectively.
Where the Money Went This Week
| Implementation | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Options Overlay | 105 | $7.51B | $53M | $42M | $575M | $804M | $3,755M |
| Inverse | 63 | $1.37B | $17M | $216M | -$104M | $337M | $645M |
| Autocallable | 8 | $19M | $1M | $5M | $8M | $13M | $13M |
| Currency Hedged | 10 | $23M | -$3M | -$9M | -$8M | $2M | $3M |
| Levered | 425 | $31.83B | -$820M | -$2,075M | $2,995M | $9,919M | $15,406M |
Top & Bottom 5 ETFs by 5-Day Flow
GraniteShares 2x Long MU Daily ETF (MULL) was the week’s most popular fund, attracting $109 million in fresh capital. However, outflows were far more substantial and concentrated in other leveraged technology funds. Tradr 2X Long SNDK Daily ETF (SNXX) led redemptions with a $229 million withdrawal, while Direxion Daily TSLA Bull 2X ETF (TSLL) was second with $157 million in outflows.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| MULL | GraniteShares 2x Long MU Daily ETF | $109M |
| AVL | Direxion Daily AVGO Bull 2X ETF | $53M |
| CRDU | Tradr 2X Long CRDO Daily ETF | $44M |
| NBIG | Leverage Shares 2X Long NBIS Daily ETF | $31M |
| MVLL | GraniteShares 2x Long MRVL Daily ETF | $29M |
| Outflows | ||
| SNXX | Tradr 2X Long SNDK Daily ETF | -$229M |
| TSLL | Direxion Daily TSLA Bull 2X ETF | -$157M |
| MUU | Direxion Daily MU Bull 2X ETF | -$143M |
| NVDL | GraniteShares 2x Long NVDA Daily ETF | -$70M |
| INTW | GraniteShares 2x Long INTC Daily ETF | -$57M |
Issuer League Table Update
Direxion and GraniteShares continue to lead the single stock space, controlling a combined market share of over 52% with $12.63 billion and $8.90 billion in assets, respectively. However, the largest players also saw the largest redemptions this week, with Direxion experiencing $412 million in outflows. Roundhill was the top issuer by inflows, though it only gathered a modest $25 million in new assets.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| Direxion | 60 | $12.63B | 31.01% |
| GraniteShares | 73 | $8.90B | 21.84% |
| YieldMax | 41 | $6.02B | 14.77% |
| Tradr | 78 | $4.36B | 10.71% |
| Defiance | 57 | $2.45B | 6.02% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| Roundhill | $25M |
| YieldMax | $23M |
| Kurv | $2M |
| Outflows | |
| Direxion | -$412M |
| Tradr | -$133M |
| GraniteShares | -$111M |
For a deeper dive into these trends, access our FREE, in-depth Single Stock 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.
