The Weekly ETF Market Monitor (Feb 2–6, 2026)

Sector ETF Flows: Materials, Industrials and Energy Stand Out

Sector-level flows were mixed, with clear differences across industries.

Materials ETFs led inflows with $1,191 million, closely followed by Industrials at $1,189 million. Energy products attracted $1,037 million, while Information Technology gathered $828 million.

Outflows were concentrated in several defensive and rate-sensitive sectors. Financials recorded $1,168 million of outflows, while Real Estate saw $789 million leave.

Consumer Staples lost $562 million, Health Care $510 million, and Communication Services $499 million.

Utilities and Consumer Discretionary also ended the week in negative territory.

Sector Performance: Defensive Strength and Select Weakness

Sector ETF performance showed notable dispersion. Consumer Staples posted the strongest weekly gain at 5.3%, followed by Energy at 3.73% and Industrials at 2.3%.

On the downside, Information Technology declined 1.5%, while Communication Services recorded a larger drop of 3.5%, placing it among the weakest-performing sectors of the week.

Geographic Equity Flows: U.S. Exposure Dominates

Geographic equity ETFs saw strong concentration in domestic exposure. U.S.-focused equity ETFs led with $12,358 million of inflows.

Global equity products followed with $2,708 million, while Developed Markets attracted $2,020 million. Emerging Markets gathered $1,640 million.

At a regional level, North America recorded $1,070.9 million of inflows.

Japan attracted $395 million, Europe $333 million, and Asia $237 million.

Taiwan was the only market to record notable outflows, with $53 million leaving over the week.

Geographic Equity Performance: Wide Divergence

Performance across country ETFs varied significantly. Mexico led with a 6.3% gain, followed by the UAE at 5.2% and Japan at 4.73%. Thailand also advanced 3.49%.

At the weaker end of the spectrum, Argentina declined 5.13%, Greater China fell 4.53%, Vietnam dropped 4.40%, and Denmark ended the week down 4.31%.

Thematic ETF Flows: Selective Inflows and Broad Outflows

U.S. Defense attracted $182.5 million, Natural Resources $152 million, and Smart City themes $142 million. Solar Energy gathered $95 million.

Outflows dominated across several technology- and infrastructure-linked themes. Artificial Intelligence & Big Data recorded $418 million of outflows, Global Infrastructure $319 million, and Digital Infrastructure & Connectivity $252 million.

Blockchain, Nuclear Energy, and Future Mobility also posted net outflows over the period.

Thematic ETF Performance: Sharp Swings

Travel Technology & Services led with a 10.39% gain, followed by Solar Energy at 6.02% and Global Infrastructure at 5.2%. Timber & Forestry rose 4.37%.

Several themes recorded steep declines. Blockchain fell 8.39%, Asia Defense 8.23%, and Next Generation Internet 8.17%. Nuclear Energy declined 8.08%, while Metaverse and Video Games & iGaming also posted sizeable losses.

Fixed Income ETF Flows: Investment Grade Dominates

Fixed income ETF flows were concentrated in higher-quality exposures. Government Investment Grade ETFs led with $3,819 million of inflows, followed by Aggregate Investment Grade products at $3,074 million. Corporate Investment Grade ETFs attracted $2,335 million, while broad Aggregate exposures gathered $2,238 million.

Outflows were recorded in lower-quality and duration-sensitive segments. Government Aggregate ETFs saw $745 million leave, while Corporate High Yield products experienced $651 million of net outflows over the week.

Commodity ETF Flows: Silver Leads, Gold Reverses

Commodity ETF flows were uneven across exposures. Silver ETFs recorded the largest inflows at $2,059 million, while Crude Oil attracted $138 million. Precious Metals products also posted modest inflows of $114 million.

Gold ETFs moved in the opposite direction, with $709 million of net outflows, accounting for the bulk of withdrawals within the commodity ETF universe.

Crypto ETF Flows: Continued Net Redemptions

Crypto ETF activity remained under pressure. Bitcoin-linked ETFs recorded $1,021 million of net outflows, while Ether ETFs saw $371 million leave. XRP-linked products were the only segment to post inflows, attracting $34.7 million over the week.

Top ETF Issuers of the Week by Net Inflows

1. Vanguard: $14,833 million
2. iShares: $7,729 million
3. Invesco: $1,481 million
4. Capital Group: $1,454 million
5. J.P. Morgan Asset Management: $1,384 million
6. Dimensional: $1,029 million
7. American Century Investments: $991 million
8. First Trust: $922 million
9. Fidelity: $762 million
10. Janus Henderson Investors: $632 million

Top Performing ETFs of the Week

1. ADRH GSK p.l.c – USD Hedged (GSKH): 16.06%
2. U.S. Global Jets ETF (JETS): 11.06%
3. SPDR S&P Transportation ETF (XTN): 10.23%
4. Strategy Shares Gold Enhanced Yield ETF (GOLY): 9.98%
5. Tema American Reshoring ETF (RSHO): 9.81%
6. Concourse Capital Focused Equity ETF (CCFE): 8.47%
7. Invesco Dynamic Building & Construction ETF (PKB): 8.39%
8. iShares U.S. Regional Banks ETF (IAT): 8.28%
9. Themes US Infrastructure ETF (HWAY): 8.26%
10. SPDR S&P Homebuilders ETF (XHB): 8.20%

Most Popular ETFs of the Week by Net Inflows

1. Vanguard S&P 500 ETF (VOO): $6,459 million
2. Invesco S&P 500® Equal Weight ETF (RSP): $2,691 million
3. iShares 0–3 Month Treasury Bond ETF (SGOV): $1,867 million
4. iShares Silver Trust ETF (SLV): $1,768 million
5. Vanguard Total Stock Market ETF (VTI): $1,398 million
6. iShares Expanded Tech-Software Sector ETF (IGV): $1,244 million
7. State Street SPDR Portfolio S&P 500 ETF (SPYM): $1,038 million
8. State Street Energy Select Sector SPDR ETF (XLE): $935 million
9. VanEck Gold Miners ETF (GDX): $762 million
10. Vanguard Total International Stock ETF (VXUS): $709 million

Please note this article is for information purposes only and does not in any way constitute investment advice. It is essential that you seek advice from a registered financial professional prior to making any investment decision.