Analyse des flux ETF — Semaine du 2026-02-27
Données ETFdb.com | Δ vs snapshot du 24 février 2026
Résumé exécutif
La tendance dominante cette semaine est la métaux précieux en forte surperformance face aux actions. Entre le 24 et le 27 février 2026, les marchés ont affiché des mouvements significatifs avec une rotation sectorielle marquée au profit des matières premières et de l’énergie.
En bref
- Le S&P 500 (SPY) affiche un YTD de +1.08% (+1.01pp vs 24 fév.) avec des flux YTD de -$20.23B.
- L’or (GLD) surperforme massivement avec un YTD de +20.48%, les minières (GDX) à +32.79% — flux YTD GLD : +$4.42B (+3.11B).
- Le Bitcoin (IBIT) chute de -22.94% YTD, avec des sorties de -$926.4M (+27.0M).
- Les semi-conducteurs (SMH) rebondissent à +14.41% YTD avec des flux positifs de +$3.97B. L’énergie (OIH) flambe à +38.88% YTD.
- Les flux obligataires (AGG+BND) totalisent +$9.00B YTD, signalant un appétit pour le risque modéré.
Delta temporel — Δ vs 24 février 2026
Vue macro — Indices et benchmarks
| Ticker | Nom | AUM | Prix | Perf YTD | Δ Perf YTD | FF YTD (M$) | Δ FF YTD | FF 4S (M$) | Δ FF 4S | RSI |
|---|---|---|---|---|---|---|---|---|---|---|
| SPY | State Street SPDR S&P 500 ETF | $697.6B | $689.30 | +1.08% | +1.01% | -$20.23B | −1.07B | -$8.45B | −3.78B | 51.7 |
| IVV | iShares Core S&P 500 ETF | $751.4B | $692.41 | +1.09% | +1.01% | -$15.46B | −893.2M | -$5.73B | −825.9M | 51.6 |
| VOO | Vanguard S&P 500 ETF | $870.3B | $633.95 | +1.09% | +1.01% | +$30.20B | +1.06B | +$14.68B | +2.00B | 51.5 |
| VTI | Vanguard Total Stock Market ETF | $586.5B | $340.49 | +1.56% | +1.21% | +$9.22B | −106.9M | +$4.41B | −472.4M | 52.1 |
| QQQ | Invesco QQQ Trust Series I | $398.4B | $609.24 | -0.83% | +1.27% | -$4.52B | −1.36B | -$1.06B | −3.95B | 48.3 |
| RSP | Invesco S&P 500® Equal Weight ETF | $89.8B | $204.73 | +6.88% | +1.51% | +$9.78B | +472.7M | +$4.59B | +411.1M | 61.8 |
| VEA | Vanguard FTSE Developed Markets ETF | $218.9B | $70.31 | +12.55% | +1.81% | +$3.76B | +280.8M | +$1.88B | +279.0M | 71.7 |
| EFA | iShares MSCI EAFE ETF | $77.1B | $105.57 | +9.93% | +1.14% | +$352.7M | +0.0M | +$0K | +0.0M | 67.8 |
| VWO | Vanguard FTSE Emerging Markets ETF | $118.5B | $58.27 | +8.39% | +0.39% | +$3.75B | +456.7M | +$1.71B | +398.5M | 58.8 |
| EEM | iShares MSCI Emerging Markets ETF | $29.5B | $62.71 | +14.62% | +1.93% | +$5.11B | +839.3M | +$1.76B | −77.0M | 65.4 |
| AGG | iShares Core U.S. Aggregate Bond ET | $140.7B | $101.20 | +1.65% | +0.10% | +$3.76B | +211.9M | +$1.19B | −58.7M | 68.5 |
| BND | Vanguard Total Bond Market ETF | $153.1B | $75.02 | +1.61% | +0.06% | +$5.24B | +441.6M | +$2.06B | +367.3M | 68.1 |
| TLT | iShares 20+ Year Treasury Bond ETF | $45.0B | $90.27 | +3.96% | +0.61% | -$3.86B | −143.9M | -$1.69B | −461.8M | 64.0 |
| LQD | iShares iBoxx $ Investment Grade Co | $31.1B | $111.72 | +1.76% | +0.01% | +$210.1M | +245.3M | +$1.56B | −829.1M | 64.0 |
| HYG | iShares iBoxx $ High Yield Corporat | $16.9B | $80.85 | +0.77% | −0.02% | -$2.79B | +80.8M | -$788.5M | −8.4M | 57.0 |
| TIP | iShares TIPS Bond ETF | $14.3B | $111.71 | +1.64% | +0.38% | +$221.3M | +111.3M | +$354.5M | +155.5M | 66.8 |
| DIA | State Street SPDR Dow Jones Industr | $44.6B | $494.86 | +3.14% | +1.56% | -$822.4M | +1.27B | +$758.9M | +1.25B | 53.4 |
| IWM | iShares Russell 2000 ETF | $74.3B | $265.99 | +8.06% | +2.24% | -$4.50B | −1.05B | -$1.70B | −920.2M | 56.2 |
Catégories en accélération (Δ FF YTD positif)
| Catégorie | # ETFs | AUM total | FF YTD (M$) | Δ FF YTD | FF 4S (M$) | Δ FF 4S |
|---|---|---|---|---|---|---|
| Precious Metals | 19 | $380.1B | +$8.91B | +4.80B | +$5.13B | +5.13B |
| Foreign Large Cap Equities | 81 | $1.09T | +$29.28B | +4.62B | +$17.82B | +2.78B |
| Emerging Markets Equities | 52 | $427.0B | +$29.56B | +3.94B | +$11.86B | +1.95B |
| Total Bond Market | 99 | $720.7B | +$30.50B | +1.97B | +$14.14B | +1.03B |
| Asia Pacific Equities | 33 | $82.1B | +$5.01B | +1.54B | +$3.44B | +1.32B |
| Government Bonds | 57 | $561.8B | +$18.40B | +1.53B | +$10.86B | +929.6M |
| Corporate Bonds | 77 | $409.4B | +$19.38B | +1.34B | +$10.40B | −299.1M |
| Large Cap Value Equities | 31 | $298.1B | +$9.00B | +1.14B | +$6.70B | +744.8M |
| Large Cap Blend Equities | 127 | $946.0B | +$33.25B | +1.03B | +$18.11B | +190.6M |
| Technology Equities | 70 | $390.1B | +$6.61B | +999.9M | +$3.13B | −51.0M |
Catégories en décélération (Δ FF YTD négatif)
| Catégorie | # ETFs | AUM total | FF YTD (M$) | Δ FF YTD | FF 4S (M$) | Δ FF 4S |
|---|---|---|---|---|---|---|
| Financials Equities | 23 | $95.9B | +$275.7M | −1.85B | -$4.93B | −2.42B |
| Leveraged Equities | 57 | $110.7B | -$8.67B | −758.2M | -$1.38B | +86.1M |
| Small Cap Blend Equities | 41 | $348.2B | -$1.54B | −628.2M | +$1.07B | −433.5M |
| High Yield Bonds | 60 | $148.3B | +$427.5M | −425.4M | -$303.9M | −273.3M |
| Small Cap Growth Equities | 29 | $122.0B | -$1.50B | −101.1M | +$821.2M | −83.8M |
| China Equities | 15 | $28.4B | -$197.0M | −98.4M | -$468.1M | −8.7M |
| Mid Cap Growth Equities | 19 | $270.6B | +$2.52B | −97.6M | +$1.40B | −226.7M |
| Leveraged Commodities | 5 | $5.1B | +$617.1M | −95.2M | +$1.04B | −40.7M |
| Oil & Gas | 4 | $2.0B | -$95.6M | −51.8M | +$5.2M | +21.0M |
| Consumer Staples Equities | 7 | $30.4B | +$663.1M | −44.1M | +$442.0M | +188.3M |
Top flux YTD (AUM ≥ $500M)
Top 15 entrées de capitaux YTD
| Ticker | Nom | Catégorie | AUM | Perf YTD | FF YTD (M$) | Δ FF YTD | FF 4S (M$) | RSI |
|---|---|---|---|---|---|---|---|---|
| VOO | Vanguard S&P 500 ETF | Large Cap Growth Equities | $870.3B | +1.09% | +$30.20B | +1.06B | +$14.68B | 51.5 |
| IEMG | iShares Core MSCI Emerging Markets | Emerging Markets Equities | $148.6B | +14.28% | +$10.95B | +408.3M | +$3.08B | 65.6 |
| VXUS | Vanguard Total International Stock | Foreign Large Cap Equitie | $143.8B | +11.29% | +$9.99B | +536.1M | +$6.24B | 68.1 |
| RSP | Invesco S&P 500® Equal Weight ETF | Large Cap Blend Equities | $89.8B | +6.88% | +$9.78B | +472.7M | +$4.59B | 61.8 |
| SPYM | State Street SPDR Portfolio S&P 500 | Large Cap Blend Equities | $107.3B | +1.13% | +$9.74B | +314.5M | +$2.07B | 51.7 |
| VTI | Vanguard Total Stock Market ETF | Large Cap Growth Equities | $586.5B | +1.56% | +$9.22B | −106.9M | +$4.41B | 52.1 |
| SGOV | iShares 0-3 Month Treasury Bond ETF | Government Bonds | $74.9B | +0.55% | +$6.20B | +326.9M | +$4.02B | 100.0 |
| VCIT | Vanguard Intermediate-Term Corporat | Corporate Bonds | $65.9B | +1.51% | +$5.74B | +440.6M | +$2.27B | 68.1 |
| BND | Vanguard Total Bond Market ETF | Total Bond Market | $153.1B | +1.61% | +$5.24B | +441.6M | +$2.06B | 68.1 |
| EEM | iShares MSCI Emerging Markets ETF | Emerging Markets Equities | $29.5B | +14.62% | +$5.11B | +839.3M | +$1.76B | 65.4 |
| VONG | Vanguard Russell 1000 Growth ETF | Large Cap Growth Equities | $39.0B | -3.98% | +$4.56B | +1.03B | +$2.47B | 45.5 |
| GLD | SPDR Gold Shares | Precious Metals | $180.6B | +20.48% | +$4.42B | +3.11B | +$1.37B | 59.1 |
| XLE | State Street Energy Select Sector S | Energy Equities | $37.4B | +23.13% | +$4.39B | −300.5M | +$2.57B | 68.5 |
| SMH | VanEck Semiconductor ETF | Technology Equities | $47.5B | +14.41% | +$3.97B | +754.1M | +$2.29B | 55.8 |
| AGG | iShares Core U.S. Aggregate Bond ET | Total Bond Market | $140.7B | +1.65% | +$3.76B | +211.9M | +$1.19B | 68.5 |
Top 15 sorties de capitaux YTD
| Ticker | Nom | Catégorie | AUM | Perf YTD | FF YTD (M$) | Δ FF YTD | FF 4S (M$) | RSI |
|---|---|---|---|---|---|---|---|---|
| SPY | State Street SPDR S&P 500 ETF | Large Cap Growth Equities | $697.6B | +1.08% | -$20.23B | −1.07B | -$8.45B | 51.7 |
| IVV | iShares Core S&P 500 ETF | Large Cap Growth Equities | $751.4B | +1.09% | -$15.46B | −893.2M | -$5.73B | 51.6 |
| SOXL | Direxion Daily Semiconductor Bull 3 | Leveraged Equities | $13.0B | +55.46% | -$6.50B | −203.3M | -$1.20B | 54.6 |
| QQQ | Invesco QQQ Trust Series I | Large Cap Growth Equities | $398.4B | -0.83% | -$4.52B | −1.36B | -$1.06B | 48.3 |
| IWM | iShares Russell 2000 ETF | Small Cap Blend Equities | $74.3B | +8.06% | -$4.50B | −1.05B | -$1.70B | 56.2 |
| IWF | iShares Russell 1000 Growth ETF | Large Cap Growth Equities | $116.7B | -4.05% | -$3.97B | −403.9M | -$173.5M | 45.5 |
| TLT | iShares 20+ Year Treasury Bond ETF | Government Bonds | $45.0B | +3.96% | -$3.86B | −143.9M | -$1.69B | 64.0 |
| IWD | iShares Russell 1000 Value ETF | Large Cap Blend Equities | $70.5B | +7.15% | -$3.81B | +178.3M | +$266.1M | 62.4 |
| HYG | iShares iBoxx $ High Yield Corporat | High Yield Bonds | $16.9B | +0.77% | -$2.79B | +80.8M | -$788.5M | 57.0 |
| IQLT | iShares MSCI Intl Quality Factor ET | Foreign Large Cap Equitie | $12.8B | +9.00% | -$1.88B | +0.0M | -$1.92B | 64.5 |
| XLK | State Street Technology Select Sect | Technology Equities | $88.6B | -2.06% | -$1.63B | +74.8M | -$1.43B | 47.8 |
| VTEB | Vanguard Tax-Exempt Bond ETF | National Munis | $42.0B | +1.95% | -$1.17B | −9.5M | -$1.99B | 80.0 |
| FBTC | Fidelity Wise Origin Bitcoin Fund | Currency | $12.1B | -22.94% | -$1.16B | +78.5M | -$397.5M | 38.6 |
| XLY | State Street Consumer Discretionary | Consumer Discretionary Eq | $22.7B | -1.98% | -$1.14B | +323.8M | -$205.6M | 45.1 |
| VPL | Vanguard FTSE Pacific ETF | Asia Pacific Equities | $8.9B | +20.35% | -$1.12B | −349.2M | -$775.4M | 75.3 |
Focus — Thèses d’investissement
Analyse thématique des segments clés du watchlist, avec données de flux, performance et signaux techniques.
Métaux précieux
| Ticker | Nom | AUM | Perf YTD | Perf 1S | FF YTD (M$) | FF 4S (M$) | Δ FF YTD | Δ FF 4S | RSI |
|---|---|---|---|---|---|---|---|---|---|
| GLD | SPDR Gold Shares | $180.6B | +20.48% | +3.90% | +$4.42B | +$1.37B | +3.11B | +2.55B | 59.1 |
| IAU | iShares Gold Trust | $82.2B | +20.48% | +3.90% | +$971.4M | +$824.8M | −76.1M | −76.1M | 59.2 |
| SLV | iShares Silver Trust | $45.5B | +24.88% | +13.29% | -$684.2M | +$1.84B | +1.51B | +2.71B | 54.0 |
| GDX | VanEck Gold Miners ETF | $35.0B | +32.79% | +9.26% | +$1.62B | +$1.48B | +25.6M | +74.6M | 63.2 |
| GDXJ | VanEck Junior Gold Miners ETF | $11.5B | +34.72% | +11.13% | -$570.3M | -$640.5M | +8.2M | +15.6M | 63.2 |
| SIL | Global X Silver Miners ETF | $7.0B | +39.63% | +12.98% | +$257.7M | -$296.1M | −0.2M | −140.5M | 63.8 |
| SILJ | Amplify Junior Silver Miners ETF | $5.7B | +42.46% | +14.00% | +$406.3M | -$224.7M | +9.1M | +32.2M | 63.0 |
Sur le segment Métaux précieux, la performance YTD moyenne est de +30.8%. SILJ mène avec +42.46%, tandis que GLD est en retrait à +20.48%. Les flux YTD agrégés s’élèvent à +$6.42B (Δ vs 24 fév. : +4.58B). Les flux 4 semaines restent positifs à +$4.35B, confirmant l’intérêt institutionnel.
Rallye exceptionnel sur les métaux précieux (YTD moy. 30.8%)
Flux YTD cumulés : +$6.42B | Performance YTD moy. : +30.8%
Flux YTD cumulés : +$6.42B | Performance YTD moy. : +30.8%
Uranium
| Ticker | Nom | AUM | Perf YTD | Perf 1S | FF YTD (M$) | FF 4S (M$) | Δ FF YTD | Δ FF 4S | RSI |
|---|---|---|---|---|---|---|---|---|---|
| URA | Global X Uranium ETF | $7.5B | +28.41% | +1.76% | +$808.0M | +$423.8M | +42.1M | +56.8M | 54.6 |
| URNM | Sprott Uranium Miners ETF | $2.5B | +31.74% | -0.43% | +$205.1M | +$136.0M | +21.1M | +27.4M | 53.7 |
Sur le segment Uranium, la performance YTD moyenne est de +30.1%. URNM mène avec +31.74%, tandis que URA est en retrait à +28.41%. Les flux YTD agrégés s’élèvent à +$1.01B (Δ vs 24 fév. : +63.2M). Les flux 4 semaines restent positifs à +$559.8M, confirmant l’intérêt institutionnel.
Signal haussier fort
Flux YTD cumulés : +$1.01B | Performance YTD moy. : +30.1%
Flux YTD cumulés : +$1.01B | Performance YTD moy. : +30.1%
Cuivre & Matériaux
| Ticker | Nom | AUM | Perf YTD | Perf 1S | FF YTD (M$) | FF 4S (M$) | Δ FF YTD | Δ FF 4S | RSI |
|---|---|---|---|---|---|---|---|---|---|
| COPX | Global X Copper Miners ETF | $7.9B | +31.56% | +9.67% | +$1.79B | +$571.7M | +84.7M | −235.4M | 62.3 |
| CPER | United States Copper Index Fund | $863.7M | +5.06% | +3.35% | +$385.5M | +$107.5M | −25.6M | −105.1M | 54.3 |
| PICK | iShares MSCI Global Metals & Mining Prod | $2.0B | +24.91% | +6.53% | +$483.7M | +$179.6M | +9.4M | −27.0M | 65.4 |
| REMX | VanEck Rare Earth and Strategic Metals E | $2.8B | +31.98% | +8.29% | +$699.3M | +$89.1M | +42.2M | −6.4M | 60.8 |
Sur le segment Cuivre & Matériaux, la performance YTD moyenne est de +23.4%. REMX mène avec +31.98%, tandis que CPER est en retrait à +5.06%. Les flux YTD agrégés s’élèvent à +$3.36B (Δ vs 24 fév. : +110.7M). Les flux 4 semaines restent positifs à +$947.9M, confirmant l’intérêt institutionnel. Attention au RSI élevé sur PICK (zone de surachat).
Signal haussier fort
Flux YTD cumulés : +$3.36B | Performance YTD moy. : +23.4%
Flux YTD cumulés : +$3.36B | Performance YTD moy. : +23.4%
Énergie
| Ticker | Nom | AUM | Perf YTD | Perf 1S | FF YTD (M$) | FF 4S (M$) | Δ FF YTD | Δ FF 4S | RSI |
|---|---|---|---|---|---|---|---|---|---|
| XLE | State Street Energy Select Sector SPDR E | $37.4B | +23.13% | -0.24% | +$4.39B | +$2.57B | −300.5M | −747.1M | 68.5 |
| XOP | State Street SPDR S&P Oil & Gas Explorat | $2.5B | +18.64% | -1.04% | +$334.8M | +$243.4M | +38.5M | +220.8M | 61.7 |
| OIH | VanEck Oil Services ETF | $2.5B | +38.88% | +0.97% | +$607.6M | +$269.6M | +60.2M | +77.5M | 68.7 |
| USO | United States Oil Fund LP | $1.1B | +15.34% | -1.75% | +$61.8M | -$87.4M | −48.4M | −93.2M | 59.1 |
Sur le segment Énergie, la performance YTD moyenne est de +24.0%. OIH mène avec +38.88%, tandis que USO est en retrait à +15.34%. Les flux YTD agrégés s’élèvent à +$5.40B (Δ vs 24 fév. : −250.1M). Les flux 4 semaines restent positifs à +$3.00B, confirmant l’intérêt institutionnel. Attention au RSI élevé sur XLE, OIH (zone de surachat).
Signal haussier fort
Flux YTD cumulés : +$5.40B | Performance YTD moy. : +24.0%
Flux YTD cumulés : +$5.40B | Performance YTD moy. : +24.0%
Semis
| Ticker | Nom | AUM | Perf YTD | Perf 1S | FF YTD (M$) | FF 4S (M$) | Δ FF YTD | Δ FF 4S | RSI |
|---|---|---|---|---|---|---|---|---|---|
| SMH | VanEck Semiconductor ETF | $47.5B | +14.41% | +0.44% | +$3.97B | +$2.29B | +754.1M | +511.3M | 55.8 |
| SOXX | iShares Semiconductor ETF | $22.9B | +18.48% | +0.27% | +$1.71B | +$954.6M | +117.4M | −127.7M | 56.5 |
| SOXL | Direxion Daily Semiconductor Bull 3x Sha | $13.0B | +55.46% | +0.17% | -$6.50B | -$1.20B | −203.3M | −148.0M | 54.6 |
Sur le segment Semis, la performance YTD moyenne est de +29.4%. SOXL mène avec +55.46%, tandis que SMH est en retrait à +14.41%. Les flux YTD agrégés s’élèvent à -$815.8M (Δ vs 24 fév. : +668.2M). Les flux 4 semaines restent positifs à +$2.04B, confirmant l’intérêt institutionnel.
Performance positive mais flux sortants — divergence à surveiller
Divergence flux/performance détectée — surveillance renforcée recommandée
Divergence flux/performance détectée — surveillance renforcée recommandée
Défense
| Ticker | Nom | AUM | Perf YTD | Perf 1S | FF YTD (M$) | FF 4S (M$) | Δ FF YTD | Δ FF 4S | RSI |
|---|---|---|---|---|---|---|---|---|---|
| ITA | iShares U.S. Aerospace & Defense ETF | $15.9B | +13.10% | -0.28% | +$1.32B | +$458.2M | +48.8M | −33.9M | 60.8 |
| PPA | Invesco Aerospace & Defense ETF | $8.2B | +15.12% | -0.49% | +$293.8M | +$133.6M | +18.1M | −1.3M | 59.8 |
Sur le segment Défense, la performance YTD moyenne est de +14.1%. PPA mène avec +15.12%, tandis que ITA est en retrait à +13.10%. Les flux YTD agrégés s’élèvent à +$1.62B (Δ vs 24 fév. : +66.9M). Les flux 4 semaines restent positifs à +$591.8M, confirmant l’intérêt institutionnel.
Momentum positif confirmé par les flux
Flux YTD cumulés : +$1.62B | Performance YTD moy. : +14.1%
Flux YTD cumulés : +$1.62B | Performance YTD moy. : +14.1%
Crypto
| Ticker | Nom | AUM | Perf YTD | Perf 1S | FF YTD (M$) | FF 4S (M$) | Δ FF YTD | Δ FF 4S | RSI |
|---|---|---|---|---|---|---|---|---|---|
| IBIT | iShares Bitcoin Trust ETF | $48.8B | -22.94% | +0.50% | -$926.4M | -$1.55B | +27.0M | +113.8M | 38.6 |
| FBTC | Fidelity Wise Origin Bitcoin Fund | $12.1B | -22.94% | +0.48% | -$1.16B | -$397.5M | +78.5M | +128.8M | 38.6 |
| ETHA | iShares Ethereum Trust ETF | $5.8B | -31.83% | +3.87% | -$759.4M | -$597.0M | −43.6M | +35.6M | 38.8 |
Sur le segment Crypto, la performance YTD moyenne est de -25.9%. IBIT mène avec -22.94%, tandis que ETHA est en retrait à -31.83%. Les flux YTD agrégés s’élèvent à -$2.85B (Δ vs 24 fév. : +61.8M). Les flux 4 semaines sont négatifs à -$2.55B, signalant un essoufflement potentiel.
Correction sévère (YTD moy. -25.9%) — capitulation en cours
Performance YTD moy. : -25.9% | Flux YTD : -$2.85B
Performance YTD moy. : -25.9% | Flux YTD : -$2.85B
Biotech
| Ticker | Nom | AUM | Perf YTD | Perf 1S | FF YTD (M$) | FF 4S (M$) | Δ FF YTD | Δ FF 4S | RSI |
|---|---|---|---|---|---|---|---|---|---|
| XBI | State Street SPDR S&P Biotech ETF | $8.5B | +4.71% | +0.73% | +$193.2M | -$205.7M | +341.7M | +402.5M | 54.6 |
| IBB | iShares Biotechnology ETF | $8.7B | +3.03% | -0.66% | -$7.1M | -$45.8M | +52.2M | +25.9M | 52.0 |
Sur le segment Biotech, la performance YTD moyenne est de +3.9%. XBI mène avec +4.71%, tandis que IBB est en retrait à +3.03%. Les flux YTD agrégés s’élèvent à +$186.0M (Δ vs 24 fév. : +393.9M). Les flux 4 semaines sont négatifs à -$251.5M, signalant un essoufflement potentiel.
Signaux contrarian
Distribution institutionnelle (Perf YTD > +10%, Flux YTD négatifs)
Ces ETFs affichent une performance positive mais subissent des sorties de capitaux — possibles prises de bénéfices institutionnelles.
| Ticker | Nom | AUM | Perf YTD | FF YTD (M$) | Δ FF YTD | RSI |
|---|---|---|---|---|---|---|
| SOXL | Direxion Daily Semiconductor Bull 3 | $13.0B | +55.46% | -$6.50B | −203.3M | 54.6 |
| VPL | Vanguard FTSE Pacific ETF | $8.9B | +20.35% | -$1.12B | −349.2M | 75.3 |
| FXU | First Trust Utilities AlphaDEX Fund | $841.4M | +12.15% | -$1.08B | −10.1M | 72.1 |
| TMF | Direxion Daily 20+ Year Treasury Bu | $3.2B | +10.16% | -$971.8M | +8.1M | 62.3 |
| SLV | iShares Silver Trust | $45.5B | +24.88% | -$684.2M | +1.51B | 54.0 |
| GDXJ | VanEck Junior Gold Miners ETF | $11.5B | +34.72% | -$570.3M | +8.2M | 63.2 |
| JIRE | JPMorgan International Research Enh | $10.4B | +10.44% | -$494.5M | +0.0M | 69.0 |
| IWN | iShares Russell 2000 Value ETF | $13.0B | +10.82% | -$411.2M | −39.8M | 59.7 |
| GSG | iShares S&P GSCI Commodity-Indexed | $797.0M | +11.10% | -$394.5M | +17.9M | 60.6 |
| PDP | Invesco Dorsey Wright Momentum ETF | $1.4B | +11.99% | -$391.5M | −11.7M | 60.3 |
Signal contrarian le plus extrême (distribution) : SOXL — Perf YTD +55.46% avec des sorties de -$6.50B YTD. Divergence flux/prix maximale suggérant une distribution institutionnelle active.
Accumulation contrariante (Perf YTD < -5%, Flux YTD positifs)
Ces ETFs sont en baisse mais attirent des capitaux — potentiel positionnement contrarian.
| Ticker | Nom | AUM | Perf YTD | FF YTD (M$) | Δ FF YTD | RSI |
|---|---|---|---|---|---|---|
| IGV | iShares Expanded Tech-Software Sect | $7.9B | -21.85% | +$2.02B | +254.2M | 39.0 |
| SCHG | Schwab U.S. Large-Cap Growth ETF | $50.6B | -5.09% | +$663.8M | +68.8M | 44.4 |
| MSFU | Direxion Daily MSFT Bull 2X Shares | $613.5M | -33.34% | +$542.1M | +30.4M | 37.1 |
| TSLL | Direxion Daily TSLA Bull 2X Shares | $5.2B | -20.62% | +$482.7M | −43.4M | 43.2 |
| BITO | ProShares Bitcoin ETF | $1.8B | -23.30% | +$261.1M | −14.3M | 38.4 |
| JTEK | JPMorgan U.S. Tech Leaders ETF | $3.2B | -5.67% | +$254.5M | +10.6M | 45.4 |
| ETH | Grayscale Ethereum Staking Mini ETF | $1.5B | -31.68% | +$193.5M | +11.1M | 38.9 |
| BITX | 2x Bitcoin Strategy ETF | $871.3M | -45.48% | +$190.6M | +0.2M | 36.2 |
| BTCI | NEOS Bitcoin High Income ETF | $851.5M | -21.07% | +$187.6M | +0.0M | 39.3 |
| TCHP | T. Rowe Price Blue Chip Growth ETF | $1.8B | -5.46% | +$182.3M | +1.6M | 44.3 |
Signal contrarian le plus extrême (accumulation) : IGV — Perf YTD -21.85% mais des entrées de +$2.02B YTD. Les institutions accumulent malgré la faiblesse des prix.
Signaux RSI extrêmes (AUM ≥ $1B)
Surachat (RSI ≥ 65)
| Ticker | Nom | Catégorie | AUM | Perf YTD | FF YTD (M$) | RSI |
|---|---|---|---|---|---|---|
| SGOV | iShares 0-3 Month Treasury Bond ETF | Government Bonds | $74.9B | +0.55% | +$6.20B | 100.0 |
| TBLL | Invesco Short Term Treasury ETF | Government Bonds | $2.4B | +0.52% | +$183.1M | 99.9 |
| BIL | State Street SPDR Bloomberg 1-3 Mon | Government Bonds | $43.3B | +0.54% | +$483.0M | 99.9 |
| GBIL | ACCESS TREASURY 0-1 YEAR ETF | Government Bonds | $7.1B | +0.50% | +$439.4M | 99.9 |
| SHV | iShares Trust iShares 0-1 Year Trea | Government Bonds | $20.3B | +0.50% | +$269.6M | 99.8 |
| MINT | PIMCO Enhanced Short Maturity Activ | Total Bond Market | $15.0B | +0.67% | +$386.7M | 97.1 |
| BILS | State Street SPDR Bloomberg 3-12 Mo | Government Bonds | $3.9B | +0.50% | +$29.7M | 97.0 |
| PULS | PGIM Ultra Short Bond ETF | Total Bond Market | $14.1B | +0.73% | +$685.6M | 95.3 |
| USFR | WisdomTree Floating Rate Treasury F | Government Bonds | $16.1B | +0.61% | -$263.1M | 91.0 |
| FLMI | Franklin Dynamic Municipal Bond ETF | National Munis | $1.8B | +2.59% | +$410.9M | 90.0 |
Survente (RSI ≤ 35)
| Ticker | Nom | Catégorie | AUM | Perf YTD | FF YTD (M$) | RSI |
|---|---|---|---|---|---|---|
| BKLN | Invesco Senior Loan ETF | High Yield Bonds | $6.4B | -2.18% | -$283.8M | 30.1 |
| KWEB | KraneShares CSI China Internet ETF | China Equities | $7.1B | -7.61% | -$329.5M | 30.9 |
| SRLN | State Street Blackstone Senior Loan | High Yield Bonds | $5.6B | -2.05% | -$863.7M | 32.5 |
| FTSL | First Trust Senior Loan Fund | High Yield Bonds | $2.2B | -1.39% | -$72.2M | 33.0 |
| JBBB | Janus Henderson B-BBB CLO ETF | Corporate Bonds | $1.1B | -0.59% | -$45.5M | 33.7 |
Takeaways narratifs
- Métaux précieux Les métaux précieux restent le segment le plus performant avec une perf YTD moyenne de +30.8%, tirés par SILJ à +42.46% ; les flux YTD agrégés de +$6.42B confirment la conviction institutionnelle sur l’or comme couverture macro.
- Uranium L’uranium affiche +30.1% YTD en moyenne (URA/URNM), avec des flux YTD de +$1.01B (+63.2M vs 24 fév.), soutenu par les perspectives de relance nucléaire et les déficits d’approvisionnement.
- Cuivre & Matériaux Le cuivre et les matériaux stratégiques montent de +23.4% YTD en moyenne, avec des flux positifs de +$3.36B ; la demande structurelle (IA, électrification, défense) continue de porter le segment.
- Énergie Le secteur énergétique est porté par les services pétroliers (OIH à +38.88% YTD) avec des flux 4S de +$3.00B ; la dynamique de l’offre OPEP+ et les tensions géopolitiques soutiennent les valorisations.
- Semi-conducteurs Les semis rebondissent avec +29.4% YTD en moyenne et des entrées de -$815.8M YTD ; le cycle IA et la reconstitution des stocks soutiennent le segment malgré une volatilité persistante.
- Crypto Le segment crypto plonge à -25.9% YTD en moyenne avec des sorties de -$2.85B ; la correction sévère sur le BTC et l’ETH reflète un désengagement après les excès de fin 2025.
- Biotech La biotech affiche +3.9% YTD avec des flux de +$186.0M ; le calendrier de la FDA et le pipeline de catalyseurs M&A offrent un potentiel d’accélération au T2 2026.
- Rotation macro La rotation SPY (-$20.23B) → VOO (+$30.20B) se poursuit au profit du véhicule à moindre coût ; l’equal weight (RSP) à +6.88% YTD avec des flux de +$9.78B indique un appétit pour la diversification hors mega-caps.
- International & Obligations Les flux internationaux (VEA+VWO) totalisent +$7.51B YTD, tandis que les obligations (AGG+BND) captent +$9.00B ; la rotation vers l’international s’accélère face à l’incertitude tarifaire américaine.
- Catalyseurs à surveiller Les prochaines semaines seront marquées par les décisions de la Fed (réunion FOMC mars 2026), les résultats trimestriels du secteur technologique, et l’évolution des tensions commerciales US-Chine ; ces catalyseurs détermineront la prolongation ou l’inversion des tendances actuelles sur les flux.
- Implications portefeuille L’allocation optimale privilégie une surpondération des métaux précieux (+30.8% YTD) et de l’énergie (+24.0% YTD), une position neutre sur les actions US large-cap (+1.1% YTD), et une sous-pondération de la crypto (-25.9% YTD) en attendant une stabilisation des flux.