Weekly Channel Summary
The Thematic ETF channel, now comprising 394 ETFs from 101 issuers, holds a total of $275B in assets under management as of October 31, 2025. This past week, the channel saw solid net inflows of $1.46B, contributing to a strong year-to-date flow of $40.72B and trailing one-year flows of $45.51B.
This Week’s Performance Leaders and Laggards
Disruptive Tech led performance this week with an average 1.36% WTD return, building on its impressive 29.13% YTD performance. On the other end of the spectrum, FinTech was the primary laggard, dropping -3.13% WTD. Despite the weekly dip, the FinTech category remains one of the year’s top performers, up 49.39% YTD.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Disruptive Tech | 1.36% | 4.93% | 14.01% | 39.38% | 29.13% | 38.31% |
| Sustainability | 0.99% | 8.31% | 23.59% | 52.55% | 40.85% | 34.52% |
| Health Innovation | 0.71% | 7.44% | 18.30% | 23.10% | 16.69% | 8.94% |
| Industrial Revolution | 0.65% | 4.28% | 15.92% | 41.25% | 34.00% | 42.29% |
| Thematic – Multi-Sector | 0.59% | 3.64% | 12.06% | 35.33% | 27.12% | 34.98% |
| Natural Resources | 0.07% | 3.58% | 22.18% | 43.75% | 41.38% | 29.29% |
| Midstream & MLPs | -0.36% | -3.33% | -3.81% | 1.33% | 2.63% | 9.29% |
| Infrastructure | -0.66% | 2.52% | 8.41% | 21.74% | 22.12% | 19.36% |
| Alternative Equity | -1.09% | -2.34% | -6.79% | 2.27% | -3.37% | 0.43% |
| Precious Metals | -1.18% | -3.98% | 44.75% | 58.68% | 116.63% | 84.95% |
| Evolving Consumer | -2.15% | -3.76% | 10.00% | 23.33% | 21.49% | 18.54% |
| FinTech | -3.13% | 5.93% | 27.74% | 82.43% | 49.39% | 65.65% |
Top & Bottom 5 ETFs by Weekly Performance
The week’s single best performer was the URNM (Sprott Uranium Miners ETF) with a 10.48% gain. The two worst-performing ETFs were MJ (Amplify Alternative Harvest ETF) at -6.85% and STCE (Schwab Crypto Thematic ETF) at -6.44%.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| URNM | Sprott Uranium Miners ETF | 10.48% |
| URNJ | Sprott Junior Uranium Miners ETF | 9.15% |
| HYDR | Global X Hydrogen ETF | 7.62% |
| URA | Global X Uranium ETF | 7.47% |
| LFSC | F/M Emerald Life Sciences Innovation ETF | 6.37% |
| Bottom Performers | ||
| MJ | Amplify Alternative Harvest ETF | -6.85% |
| STCE | Schwab Crypto Thematic ETF | -6.44% |
| IPAY | Amplify Digital Payments ETF | -6.42% |
| CNBS | Amplify Seymour Cannabis ETF | -6.35% |
| MSOS | AdvisorShares Pure US Cannabis ETF | -6.10% |
Analyzing the Weekly Flows
The Thematic channel gathered $1.46B in net new assets this week. Disruptive Tech was the clear leader, pulling in $1.145B, and holds $54.6B in total AUM. Infrastructure also saw significant inflows of $230M. The largest outflows came from the Natural Resources category, which shed $102M over the past five days.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Disruptive Tech | 61 | $54.6B | $1,145M | $3,463M | $10,303M | $18,049M | $20,108M |
| Infrastructure | 40 | $39.4B | $230M | $1,677M | $4,069M | $7,579M | $10,360M |
| Industrial Revolution | 34 | $16.0B | $157M | $785M | $2,418M | $4,850M | $4,837M |
| Sustainability | 27 | $6.3B | $92M | $294M | $457M | ($95M) | ($477M) |
| Thematic – Multi-Sector | 40 | $26.2B | $23M | $225M | $465M | $5,960M | $5,398M |
| Health Innovation | 25 | $2.2B | $22M | $80M | $5M | ($61M) | ($218M) |
| Midstream & MLPs | 16 | $20.9B | $17M | $26M | $379M | $1,469M | $2,272M |
| Alternative Equity | 9 | $2.3B | $0M | $74M | $230M | $708M | $890M |
| Evolving Consumer | 45 | $17.3B | ($30M) | ($695M) | $408M | $114M | ($285M) |
| FinTech | 24 | $6.2B | ($38M) | $58M | $270M | $349M | $628M |
| Thematic – Precious Metals | 14 | $40.9B | ($67M) | $1,311M | $2,496M | ($1,241M) | ($1,472M) |
| Natural Resources | 54 | $42.4B | ($102M) | $2,033M | $3,645M | $3,040M | $3,462M |
Top & Bottom 5 ETFs by 5-Day Flow
The top-gathering ETF this week was AIQ (Global X Artificial Intelligence & Technology E..), which brought in $229M. The largest outflows were seen in XME (SPDR S&P Metals & Mining ETF) at -$234M and PAVE (Global X U.S. Infrastructure Development ETF) at -$103M.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| AIQ | Global X Artificial Intelligence & Technology E.. | $229M |
| BAI | iShares A.I. Innovation and Tech Active ETF | $160M |
| QTUM | Defiance Quantum ETF | $153M |
| MAGS | Roundhill Magnificent Seven ETF | $149M |
| GRID | First Trust Nasdaq Clean Edge Smart GRID In.. | $142M |
| Outflows | ||
| XME | SPDR S&P Metals & Mining ETF | ($234M) |
| PAVE | Global X U.S. Infrastructure Development ETF | ($103M) |
| GDX | VanEck Gold Miners ETF | ($81M) |
| XHB | SPDR S&P Homebuilders ETF | ($76M) |
| ARKK | ARK Innovation ETF | ($74M) |
Issuer League Table Update
Global X (17.69%) and iShares (16.01%) remain the top two issuers by market share in the Thematic space. This week, First Trust gathered the most inflows at $459M. Among the largest issuers, State Street saw the most significant outflows at -$312M, followed by VanEck with -$110M in outflows.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| Global X | 35 | $48.60B | 17.69% |
| iShares | 33 | $43.98B | 16.01% |
| First Trust | 29 | $41.08B | 14.95% |
| VanEck | 18 | $39.19B | 14.26% |
| ARK | 7 | $15.44B | 5.62% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| First Trust | $459M |
| Global X | $372M |
| iShares | $222M |
| Outflows | |
| State Street | ($312M) |
| VanEck | ($110M) |
| Amplify | ($35M) |
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.
