Money isn’t labelled, so each exit is spread across where money landed, in proportion · Net flow = change in shares outstanding × price · Massive, Nov 5

ETF Buckets Growing

3MAug 4 – Nov 5Buckets over $5B

Size 3 months agoNew money inMoney that left

Leveraged bearLeveraged

$10B bucket, +$4.0B · led by SOXS

+38.4%

MunisBonds

$202B bucket, +$31.8B · led by MUB

+15.7%

Cyber & cloudTheme

$25B bucket, +$2.9B · led by CIBR

+11.9%

Commodity basketsCommodities

$27B bucket, +$3.0B · led by HGER

+11.3%

Cash & T-billsBonds

$236B bucket, +$25.8B · led by SGOV

+10.9%

Short-term bondsBonds

$23B bucket, +$2.5B · led by NBSD

+10.9%

Other bondsBonds

$99B bucket, +$9.5B · led by PYLD

+9.6%

Ultra-short bondsBonds

$139B bucket, +$12.2B · led by JPST

+8.8%

Hedged equityBuffer

$14B bucket, +$994M · led by BALT

+7.2%

BitcoinCrypto

$83B bucket, +$5.8B · led by IBIT

+7.0%

Net money in as % of size at the start · Net flow = change in shares outstanding × price · Massive, Nov 5

ETF Buckets Shrinking

3MAug 4 – Nov 5Only 9 shrank

Size 3 months agoNew money inMoney that left

Clean energy & EVTheme

$7.0B bucket, −$739M · biggest exit TAN

−10.5%

Single-stockLeveraged

$45B bucket, −$3.7B · biggest exit NVDL

−8.2%

FinancialsSector

$108B bucket, −$6.3B · biggest exit XLF

−5.8%

ChinaTheme

$23B bucket, −$1.2B · biggest exit CQQQ

−5.2%

Mortgage bondsBonds

$92B bucket, −$2.4B · biggest exit MBB

−2.6%

FactorUS stocks

$167B bucket, −$3.5B · biggest exit MTUM

−2.1%

Defense & spaceTheme

$47B bucket, −$733M · biggest exit SHLD

−1.6%

ConsumerSector

$61B bucket, −$933M · biggest exit XLP

−1.5%

MinersCommodities

$53B bucket, −$336M · biggest exit COPX

−0.6%

Net money out as % of size at the start · Net flow = change in shares outstanding × price · Massive, Nov 5

Net Money In, by Bucket

3MAug 4 – Nov 5Box size = money in

Bonds+$168.5B

US stocks+$126.7B

International+$76.9B

Everything else+$51.2B

Income+$37.3B

Core bonds

+$35.1B

Munis

+$31.8B

Treasuries

+$30.3B

Cash & T-bills

+$25.8B

Corporate bonds

+$15.5B

Ultra-short

+$12.2B

Other bonds

+$9.5B

Intl bonds

+$4.9B

S&P 500

+$46.6B

US large-cap

+$27.1B

Total market

+$18.7B

Nasdaq-100

+$11.9B

Mid-cap

+$10.1B

Value

+$5.0B

Ex-US broad

+$35.1B

Emerging

+$13.0B

Developed

+$12.0B

Single countries

+$10.5B

Global

+$6.3B

Bitcoin

+$5.8B

Lev. bull

+$5.6B

Gold

+$5.5B

AI & semis

+$4.8B

Buffer

+$4.0B

Lev. bear

+$4.0B

Health care

+$3.7B

Cyber & cloud

+$2.9B

Dividend stocks

+$28.9B

Option income

+$7.0B

Bonds+$168.5B

US stocks+$126.7B

International+$76.9B

Everything else+$51.2B

Income+$37.3B

Core bonds

+$35.1B

Munis

+$31.8B

Treasuries

+$30.3B

Cash & T-bills

+$25.8B

Other bonds

+$9.5B

S&P 500

+$46.6B

US large-cap

+$27.1B

Total market

+$18.7B

Mid-cap

+$10.1B

Ex-US broad

+$35.1B

Emerging

+$13.0B

Developed

+$12.0B

Dividend stocks

+$28.9B

Shrankthe 10 buckets with more money out than in, −$19.9B together

−$6.3BFinancials

−$3.7BSingle-stock

−$3.5BFactor

−$2.4BMortgage bonds

−$1.2BChina

−$933MConsumer

−$739MClean energy & EV

−$733MDefense & space

−$336MMiners

−$85MOil & gas

Net flow = change in shares outstanding × price · Massive, Nov 5

Net Money into US ETFs, Each Month

Nov 2025 – Oct 2026+$2.24T in 12 months

Stocks+$1.36T+14.7% of its size in a year

In every month

Bonds+$631.4B+31.1% of its size in a year

In every month

Stock income+$175.3B+24.0% of its size in a year

In every month

Commodities+$37.7B+11.2% of its size in a year

Out Mar–Jun, back in since

Buffer & outcome+$18.1B+24.7% of its size in a year

In every month

Crypto+$9.5B+6.2% of its size in a year

Out 3 of 12 months

Leveraged+$2.7B+1.8% of its size in a year

Out 5 of 12 months

Each lane on its own scale · monthly · Net flow = change in shares outstanding × price · Massive, Nov 5

This Year So Far

Top 8 Thematic ETFs

YTD

Average fund+7.7%

By assets+19.9%

Past year+4.2%

Today−0.1%

ETFs268

#TickerFundTrendTodayYTD ▼1YAssets

1WCBRWisdomTree Cybersecurity Fund−0.4%+62.0%+43.4%$213M

2FTXLFirst Trust Nasdaq Semiconductor ETF−2.8%+56.9%+59.3%$1.1B

3BUGGlobal X - Cybersecurity ETF+0.3%+54.2%+36.2%$2.1B

4CHPSXtrackers Semiconductor Select Equity ETF−2.6%+53.7%+53.6%$127M

5SOXXiShares Semiconductor ETF−3.1%+49.8%+46.5%$42.6B

6CHPXGlobal X - AI Semiconductor & Quantum ETF−2.8%+48.9%+38.6%$111M

7HACKAmplify Cybersecurity ETF−0.2%+48.8%+37.0%$3.4B

8SPAMThemes Cybersecurity ETF+0.8%+48.2%+31.5%$7M

End-of-day Nov 5, 2026 · 268 funds ranked by YTD

Market Sector ETFs

YTD

+38.5%Energy · 38 funds
$87.8B · asset-weighted

10 sectorsYTD

Energy+38.5%

Health care+24.7%

Technology+22.4%

Materials+17.2%

Real estate+13.8%

Consumer+11.0%

Financials+9.5%

Industrials+8.6%

Utilities+4.1%

Communication−8.2%

End-of-day Nov 5, 2026 · asset-weighted

ETF Market Breakdown

YTD

Strategies · 8

Low-Cost Core+13.8%Income+10.0%Thematic+7.7%Thematic Income−0.7%Leveraged−16.8%Crypto−18.9%Single-Stock−26.7%New Launches—

Asset classes · 6

Sectors+13.7%US Stock Styles+13.5%International+11.1%Commodities+8.4%Defined Outcome+8.3%Bonds & Cash+0.7%

End-of-day Nov 5, 2026

Total ETF Returns by Bucket

YTD

End-of-day Nov 5, 2026 · return so far

US ETF Market Map

YTD

SmallerLeveraged$163.5B−16.8%Crypto$131.7B−18.9%Defined Outcome$101.8B+8.3%Thematic Income$13.4B−0.7%New Launches$10.8B

End-of-day Nov 5, 2026 · size = AUM · colour = YTD · bucket = average fund

Thematic

268 ETFs · $385.5B

AI & Semis ETFs

YTD

+37.8%100 funds · $168.6B
asset-weighted

Share of Thematic money44%

Largest fundsYTD

SMH$65.4B+40.0%

SOXX$42.6B+49.8%

DRAM$17.6Bnew

AIQ$9.6B+17.7%

96 more funds$33.4B

End-of-day Nov 5, 2026 · theme YTD is asset-weighted

Cyber & Cloud ETFs

YTD

+37.9%15 funds · $28.0B
1st of 9 themes

theme +37.9%, asset-weighted

LargestShare of theme

CIBR$16.9B60%

HACK$3.4B12%

SKYY$3.2B11%

BUG$2.1B8%

End-of-day Nov 5, 2026

Leveraged

795 ETFs · $163.5B

Leveraged vs Plain

YTD

Leveraged2× and 3× daily fundsPlainthe same index, no leverageaimed for

PairYear to dateDeliveredFee

TQQQ 3× · vs QQQ+18.8%+13.0%1.44×0.94% · 0.18%

QLD 2× · vs QQQ+17.8%+13.0%1.36×0.96% · 0.18%

SOXL 3× · vs SOXX+58.8%+49.8%1.18×0.91% · 0.33%

TECL 3× · vs XLK+39.7%+23.0%1.72×0.94% · 0.08%

SPXL 3× · vs VOO+28.4%+13.4%2.13×0.95% · 0.03%

UPRO 3× · vs VOO+28.0%+13.4%2.10×0.88% · 0.03%

SSO 2× · vs VOO+20.9%+13.4%1.57×0.88% · 0.03%

End-of-day Nov 4, 2026 · delivered = leveraged return ÷ plain return

Leveraged ETFs

YTD

Average fund−16.8%

By assets+16.3%

795 funds · $163.5B

Largest 5YTD

TQQQ$33.2B+18.8%

SOXL$19.9B+58.8%

QLD$12.8B+17.8%

SSO$8.4B+20.9%

SPXL$6.6B+28.4%

End-of-day Nov 5, 2026

Bonds & Cash

927 ETFs · $2.64T

Bonds & Cash ETFs

YTD

Core aggregate

−0.1%

$584.5B

Treasuries

−0.3%

$473.3B

Corporate

+0.6%

$396.0B

Cash & T-bills

+3.1%

$281.3B

Municipal

+0.4%

$244.3B

Ultra-short

+2.9%

International

+0.7%

High yield

+1.5%

Other bonds

+1.8%

Ultra-short +2.9%International +0.7%High yield +1.5%Other bonds +1.8%Mortgage −0.1%Short-term +1.6%

End-of-day Nov 5, 2026 · type YTD is asset-weighted

Bonds vs Cash

YTD

BNDBonds

−0.1%

T-billsSGOV

+3.1%

4.1%Yield3.6%

+0.5%Group, by assets+3.1%

End-of-day Nov 4, 2026

Crypto

146 ETFs · $131.7B

Crypto ETFs

YTD

Spot bitcoin

−8.9%

70 funds · $108.5B

Spot ether

−18.3%

21 funds · $14.8B

$131.7B in all55 other funds · $8.4B

LargestFeeAssetsYTD

IBITiShares0.25%$64.5B−8.7%

FBTCFidelity0.25%$15.4B−8.7%

GBTCGrayscale1.5%$10.0B−9.6%

ETHAiShares0.25%$7.2B−18.7%

BTCGrayscale0.15%$5.0B−8.6%

End-of-day Nov 5, 2026 · 146 funds

Income

582 ETFs · $1.01T

Income ETFs

YTD

+10.0%average fund
582 funds · $1.01T

Dividend stocks402$857.9B+18.0%

Premium income91$114.4B+10.7%

Covered calls89$42.6B+10.5%

BiggestYieldOn $10KYTD

SCHDSchwab2.9%$291/yr+35.3%

VIGVanguard1.4%$144/yr+16.4%

VYMVanguard2.2%$222/yr+17.2%

DGROiShares1.8%$181/yr+20.6%

JEPIJ.P. Morgan7.8%$783/yr+8.8%

JEPQJ.P. Morgan12.2%$1,217/yr+8.5%

End-of-day Nov 5, 2026 · trailing yield

International

605 ETFs · $2.29T

International ETFs

YTD

Average fund+11.1%

By assets+13.3%

605 funds
$2.29T

RegionETFsMoneyYTD

Developed66$703.0B+13.3%

Ex-US broad173$669.4B+13.2%

Emerging133$458.7B+11.0%

Region & country134$263.7B+18.4%

YTD

VTVValue

cheaper, steadier companies

VUGGrowth

fast-growing companies

MeasureVTVVUG

Today+1.5%+1.5%

Yield1.8%0.4%

Fee0.03%0.03%

Assets$184B$233B

End-of-day Nov 4, 2026

SOXX vs SMH

YTD

SOXXiShares · AI & semisSMHVanEck · AI & semis

Year to date

+49.8%

+40.0%

SOXX wins+9.8 pts

Past year

+46.5%

+38.2%

SOXX wins+8.4 pts

Fee

0.33%

0.35%

SOXX winslower fee

Yield

0.3%

0.2%

SOXX wins+0.1 pts

AUM

$42.6B

$65.4B

SMH1.5× more

4–0SOXX wins

End-of-day Nov 4, 2026 · AUM not scored

Vanguard vs iShares

116 funds · $4.59TVanguardvsiSharesBlackRock · 482 funds · $4.69T

Money made

$488B

$440B

Vanguard wins1.1×

Assets

$4.59T

$4.69T

iShares1.0× more

Fees earned

$1.9B

$7.6B

iShares4.0× more

Launches 2026

iShares1.6× more

Win %

87%

85%

Vanguard wins+2.2 pts

Typical fund return

+9.7%

+10.2%

iShares wins+0.6 pts

Fee per $100

$0.04

$0.16

Vanguard wins4× cheaper

3–1Vanguard wins

End-of-day Nov 4, 2026 · money made is an estimate · dots mark the 4 scored measures

Closer In

From a whole theme down to two funds.

SMH vs VOO

YTD

SMH · VanEck Semiconductor

+40.0%

VOO · S&P 500

+13.4%

Gap

26.7 pts

End-of-day Nov 4, 2026 · total return, dividends in

AI & Semis vs Thematic

Average · YTD

SOXX

+49.8%

SMH

+40.0%

Thematic average

+7.7%

End-of-day Nov 4, 2026

Every ETF, every strategy,on the big screen

Story of the Week

Today’s Stories

Four Ways into the Market

Where the Money Went

This Year So Far

Thematic

Leveraged

Bonds & Cash

Crypto

Income

International

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on the big screen