ETF Radar

Tuesday, November 10, 2026

Bitcoin & crypto funds fell 6.1% over five sessions on 1.0× usual volume, as bitcoin pulled IBIT down 5.4% and ether dragged ETHA 10.2% lower. Commodities slid 11.3%, led by BWET, down 35.8%. Gold lifted GLD 2.8% and silver lifted SLV 3.7%. Semiconductors gained 5.8% as AMD rose 6.5%, while NVDA fell 18.3%. FLJP traded 7.5× usual volume, falling 1.1%.

Themes in play, last 5 sessions

#	Theme	Funds	5 sessions	Volume	Tue, Nov 10
1	Bitcoin & crypto IBIT -5.4% · BITO -2.9% · ETHA -10.2% Tracks bitcoin, ether	18	-6.1%	1.0×	-2.0%
2	Commodities PDBC -2.5% · BWET -35.8% · GSG -5.6% Tracks commodities	5	-11.3%	1.0×	-2.6%
3	Gold & silver GLD +2.8% · SLV +3.7% · GLDM +2.9% Tracks gold, silver	16	+3.0%	0.9×	-2.9%
4	Semiconductors SMH +4.2% · SOXX +7.4% · SOXQ +6.6% Moved by AMD +6.5% · QCOM +5.5% · NVDA -18.3%	8	+5.8%	0.7×	-0.5%
5	Japan EWJ +2.4% · BBJP +2.4% · AAXJ +2.3%	5	+2.4%	0.9×	-1.1%
6	Gold miners GDX -1.3% · GDXJ -1.3% · RING -0.8% Moved by AEM.TO +21.0% · WPM.TO +23.4% · NEM +11.6%	3	-1.3%	1.0×	-5.5%
7	Long Treasuries TLT -1.3% · SPTL -1.2% · VGLT -1.2% Tracks Treasuries	4	-1.3%	1.0×	-1.3%
8	Uranium & nuclear URA +2.5% · NLR +3.0% Moved by CCO.TO +4.5% · NXE.TO +10.4% · DML.TO +12.2%	2	+2.6%	0.6×	-3.5%
9	Technology XLK +2.5% · DRAM +3.4% · VGT +1.9% Moved by AAPL +5.0% · MSFT +2.3% · AMD +6.5%	16	+2.7%	0.6×	-1.5%
10	Banks & financials XLF +2.0% · KRE +1.2% · KBWB +2.3% Moved by BRK-B +4.7% · JPM +1.2% · MA +1.8%	10	+1.8%	0.7×	+0.2%
11	Cybersecurity CIBR +3.9% · BUG +3.0% · HACK +4.0% Moved by NET +11.8% · ACN +1.6% · VRNS +0.3%	3	+3.7%	0.5×	-0.5%
12	AI & robotics AIQ +2.7% · AIPO +4.3% · ARTY +5.2% Moved by AMZN +8.0% · AMD +6.5% · MSFT +2.3%	4	+3.8%	0.5×	-1.0%
13	Real estate IYR +1.3% · VNQ +1.4% · XLRE +1.3% Moved by WELL +2.7% · SPG +5.6% · EQIX +3.5%	9	+1.3%	0.7×	-0.4%
14	Oil & gas XLE +1.0% · USO -10.6% · XOP +1.0% Moved by XOM -7.3% · CVX -6.2% · COP -6.1%	15	-0.7%	0.8×	+0.3%
15	China FXI -1.5% · EWT +6.1% · EMXC +3.3%	7	+1.9%	0.6×	-0.8%
16	Clean energy ICLN -1.9% · TAN -4.5% Moved by BE -13.4% · ENPH -9.1% · FSLR -2.6%	2	-3.0%	0.5×	-3.2%
17	Biotech & healthcare XLV +2.2% · XBI +1.9% · ARKG +1.8% Moved by JNJ +5.5% · LLY +1.6% · ABBV +2.8%	11	+2.0%	0.6×	-0.6%
18	Copper & metals XLB +1.7% · COPX +2.3% · XME +3.4% Moved by NEM +11.6% · RGLD +18.9% · LIN +2.0%	9	+2.3%	0.6×	-1.2%
19	US dollar UUP +0.5% · DLR.TO +0.9% Tracks the US dollar	2	+0.6%	0.7×	+0.4%
20	Utilities XLU +1.4% · VPU +1.4% · FUTY +1.4% Moved by NEE +2.3% · DUK +1.9% · D +2.4%	4	+1.4%	0.5×	-0.1%
21	Cloud & software IGV +1.5% · KWEB -3.3% · FDN +2.8% Moved by CRWD -7.7% · PANW -6.8% · ORCL -6.5%	4	-0.1%	0.6×	-1.0%
22	Volatility VXX +0.3% · SPLV +1.6% · VIXY +0.2% Tracks the VIX	5	+0.8%	0.4×	-0.1%

Broad market, last 5 sessions

VOO and IVV gained 2.0% this week, trailing QQQ at +2.8% and IWM at +2.5%, on light volume of 0.4× to 0.7× usual. Canada's XIC.TO rose 2.6%, with XIU.TO up 2.2%.

The most traded funds that hold the whole market rather than a theme, in each country.

Fund	Kind	5 sessions	Volume	Tue, Nov 10
United States
SPY State Street SPDR S&P 500 ETF Trust	S&P 500	-0.6%	0.6×	-0.4%
QQQ Invesco QQQ Trust	Nasdaq-100	+2.8%	0.5×	-0.7%
IWM iShares Russell 2000 ETF	Small caps	+2.5%	0.7×	-0.7%
VOO Vanguard S&P 500 ETF	S&P 500	+2.0%	0.6×	-0.3%
IVV iShares Core S&P 500 ETF	S&P 500	+2.0%	0.4×	-0.4%
RSP Invesco S&P 500 Equal Weight ETF	S&P 500	+2.2%	0.6×	-0.0%
Canada
XIU.TO iShares S&P/TSX 60	Canadian stocks	+2.2%	0.6×	+1.6%
VFV.TO Vanguard S&P 500 Index ETF	S&P 500	+0.5%	1.0×	+2.3%
XEQT.TO iShares Core Equity Portfolio	All-in-one portfolios	+1.6%	0.8×	+2.4%
VEQT.TO Vanguard All-Equity ETF Portfolio	All-in-one portfolios	+1.6%	0.6×	+2.3%
XQQ.TO iShares NASDAQ 100 (CAD Hedged)	Nasdaq-100	-1.0%	0.6×	+3.4%
XIC.TO iShares Core S&P/TSX Capped Composite	Canadian stocks	+2.6%	0.5×	+1.8%

Notable funds, Tue, Nov 10

FLJP Franklin FTSE Japan ETF -1.1%

Japan · 7.5× usual volume
IEUR iShares Core MSCI Europe ETF -0.3%

International · 3.8× usual volume
NVDY YieldMax NVDA Option Income Strategy ETF -5.6%

No theme · 2.4× usual volume
ZCSH Grayscale Zcash ETF -9.4%

Bitcoin & crypto · 1.8× usual volume
RING iShares MSCI Global Gold Miners ETF -5.3%

Gold miners · 2.1× usual volume · Moved by NEM -4.2% · AEM.TO +4.6% · WPM.TO +5.6%

All ETFs on volume →

What is the ETF Radar?

The ETF Radar shows where money traded in exchange-traded funds this week, by theme: semiconductors, gold, bitcoin, oil, banks, long Treasuries and more. Funds that hold the whole market (the S&P 500, the Nasdaq-100, the TSX, all-in-one portfolios like XEQT and VEQT) are listed apart, as the most traded broad funds in each country. Funds are grouped into themes from their names and categories. Leveraged and inverse funds are left out, since their volume is short-term trading rather than money moving into a theme, and so are funds that trade under $10M a day.

A theme's volume and move are its funds' own, weighted by how much each usually trades. Themes are ranked by heat, an equal mix of their volume against usual over the last five sessions and the size of their five-session move, up or down. For US funds, iesto also shows the holdings that moved each fund. The summary is written by AI from these numbers. Numbers are end of day, not live.

Not investment advice. The ETF Radar is an automated screen and can be wrong. The author may hold positions in funds mentioned.