Analyse des flux ETF — Snapshot 2026-03-18 vs snapshot 2026-02-27
Données ETFdb.com | Δ vs snapshot du 27 février 2026
Résumé exécutif
La tendance dominante cette semaine est la métaux précieux en forte surperformance face aux actions. Entre le 27 février et le 18 mars 2026, les marchés ont affiché des mouvements significatifs avec une rotation sectorielle marquée.
En bref
- Le S&P 500 (SPY) affiche un YTD de -1.63% (−2.71pp vs 27 fév.) avec des flux YTD de -$27.65B.
- L’or (GLD) surperforme massivement avec un YTD de +15.89%, les minières (GDX) à +9.55% — flux YTD GLD : +$91.2M (−4.33B).
- Le Bitcoin (IBIT) affiche -14.86% YTD, avec des flux de +$874.1M (+1.80B).
- Les semi-conducteurs (SMH) à +10.20% YTD avec des flux de +$3.31B. L’énergie (OIH) à +35.42% YTD.
- Les flux obligataires (AGG+BND) totalisent +$11.18B YTD, signalant un appétit pour le risque modéré.
Delta temporel — Δ vs 27 février 2026
Vue macro — Indices et benchmarks
| Ticker | Nom | AUM | Prix | Perf YTD | Δ Perf YTD | FF YTD (M$) | Δ FF YTD | FF 4S (M$) | Δ FF 4S | RSI |
|---|---|---|---|---|---|---|---|---|---|---|
| SPY | State Street SPDR S&P 500 ETF | $671.6B | $670.79 | -1.63% | −2.71% | -$27.65B | −7.42B | -$11.99B | −3.54B | 43.5 |
| IVV | iShares Core S&P 500 ETF | $675.7B | $671.99 | -1.89% | −2.98% | -$68.60B | −53.14B | -$56.41B | −50.68B | 42.3 |
| VOO | Vanguard S&P 500 ETF | $878.8B | $616.89 | -1.63% | −2.72% | +$58.70B | +28.50B | +$33.09B | +18.41B | 43.6 |
| VTI | Vanguard Total Stock Market ETF | $574.0B | $330.57 | -1.40% | −2.96% | +$12.59B | +3.37B | +$4.03B | −375.1M | 43.5 |
| QQQ | Invesco QQQ Trust Series I | $388.4B | $603.31 | -1.79% | −0.96% | -$8.97B | −4.45B | -$3.64B | −2.58B | 47.4 |
| RSP | Invesco S&P 500® Equal Weight ETF | $85.2B | $196.05 | +2.34% | −4.54% | +$8.98B | −803.2M | +$1.58B | −3.01B | 43.9 |
| VEA | Vanguard FTSE Developed Markets ETF | $207.6B | $65.41 | +4.71% | −7.84% | +$6.16B | +2.40B | +$3.03B | +1.15B | 45.8 |
| EFA | iShares MSCI EAFE ETF | $72.2B | $98.37 | +2.44% | −7.49% | +$352.7M | +0.0M | +$0K | +0.0M | 43.8 |
| VWO | Vanguard FTSE Emerging Markets ETF | $111.9B | $55.26 | +2.79% | −5.60% | +$3.97B | +222.8M | +$1.63B | −82.3M | 45.9 |
| EEM | iShares MSCI Emerging Markets ETF | $27.4B | $58.75 | +7.38% | −7.24% | +$5.69B | +579.3M | +$1.42B | −343.0M | 49.0 |
| AGG | iShares Core U.S. Aggregate Bond ET | $139.5B | $99.80 | +0.56% | −1.09% | +$4.61B | +842.0M | +$1.11B | −71.1M | 47.5 |
| BND | Vanguard Total Bond Market ETF | $152.2B | $73.98 | +0.51% | −1.10% | +$6.57B | +1.33B | +$2.21B | +150.1M | 47.1 |
| TLT | iShares 20+ Year Treasury Bond ETF | $43.6B | $87.45 | +1.05% | −2.91% | -$3.76B | +99.9M | +$20.6M | +1.71B | 46.0 |
| LQD | iShares iBoxx $ Investment Grade Co | $32.2B | $109.30 | -0.10% | −1.86% | +$2.07B | +1.86B | +$2.13B | +572.8M | 43.5 |
| HYG | iShares iBoxx $ High Yield Corporat | $15.8B | $79.81 | -0.04% | −0.81% | -$4.23B | −1.44B | -$1.72B | −929.7M | 46.3 |
| TIP | iShares TIPS Bond ETF | $14.2B | $111.45 | +1.40% | −0.24% | +$265.3M | +44.0M | +$144.6M | −209.9M | 56.3 |
| DIA | State Street SPDR Dow Jones Industr | $42.4B | $470.90 | -1.86% | −5.00% | -$459.8M | +362.6M | +$696.7M | −62.2M | 38.7 |
| IWM | iShares Russell 2000 ETF | $72.0B | $250.05 | +1.58% | −6.48% | -$6.42B | −1.91B | -$3.80B | −2.10B | 42.4 |
Catégories en accélération (Δ FF YTD positif)
| Catégorie | # ETFs | AUM total | FF YTD (M$) | Δ FF YTD | FF 4S (M$) | Δ FF 4S |
|---|---|---|---|---|---|---|
| Government Bonds | 59 | $580.5B | +$35.64B | +17.24B | +$20.44B | +9.58B |
| Large Cap Blend Equities | 129 | $931.8B | +$48.30B | +15.05B | +$22.85B | +4.73B |
| n/a | 438 | $324.3B | +$38.10B | +14.51B | +$18.59B | +7.06B |
| Total Bond Market | 106 | $730.9B | +$42.59B | +12.09B | +$13.91B | −220.6M |
| Foreign Large Cap Equities | 82 | $1.03T | +$40.91B | +11.63B | +$17.90B | +77.9M |
| Leveraged Equities | 61 | $104.3B | -$4.97B | +3.70B | +$2.29B | +3.67B |
| Corporate Bonds | 77 | $406.7B | +$22.56B | +3.18B | +$5.06B | −5.34B |
| Large Cap Value Equities | 30 | $290.3B | +$11.95B | +2.95B | +$5.07B | −1.62B |
| Currency | 28 | $114.7B | -$566.1M | +2.52B | +$2.13B | +5.13B |
| Global Equities | 56 | $107.3B | +$8.59B | +2.43B | +$3.58B | +149.9M |
Catégories en décélération (Δ FF YTD négatif)
| Catégorie | # ETFs | AUM total | FF YTD (M$) | Δ FF YTD | FF 4S (M$) | Δ FF 4S |
|---|---|---|---|---|---|---|
| Large Cap Growth Equities | 161 | $4.89T | -$21.58B | −37.18B | -$35.61B | −47.10B |
| Precious Metals | 19 | $356.1B | -$395.7M | −9.30B | -$4.86B | −9.98B |
| High Yield Bonds | 60 | $140.7B | -$5.26B | −5.69B | -$6.61B | −6.31B |
| Financials Equities | 24 | $89.4B | -$3.03B | −3.31B | -$6.51B | −1.59B |
| Health & Biotech Equities | 26 | $95.0B | -$301.2M | −2.18B | -$3.10B | −2.09B |
| Small Cap Blend Equities | 40 | $332.9B | -$2.97B | −1.42B | -$2.62B | −3.69B |
| China Equities | 14 | $26.3B | -$1.19B | −991.8M | -$1.02B | −556.1M |
| Emerging Markets Bonds | 13 | $32.8B | +$613.0M | −647.6M | -$253.2M | −472.4M |
| Leveraged Volatility | 2 | $748.8M | -$233.4M | −169.3M | -$151.0M | −68.6M |
| Transportation Equities | 2 | $1.2B | +$176.4M | −146.5M | -$127.3M | −405.7M |
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 | $878.8B | -1.63% | +$58.70B | +28.50B | +$33.09B | 43.6 |
| SPYM | State Street SPDR Portfolio S&P 500 | Large Cap Blend Equities | $113.3B | -1.62% | +$18.57B | +8.83B | +$9.72B | 43.5 |
| VTI | Vanguard Total Stock Market ETF | Large Cap Growth Equities | $574.0B | -1.40% | +$12.59B | +3.37B | +$4.03B | 43.5 |
| IEMG | iShares Core MSCI Emerging Markets | Emerging Markets Equities | $139.1B | +7.20% | +$11.22B | +276.6M | +$685.0M | 48.8 |
| VXUS | Vanguard Total International Stock | Foreign Large Cap Equitie | $135.5B | +4.20% | +$10.66B | +664.7M | +$1.26B | 46.0 |
| SGOV | iShares 0-3 Month Treasury Bond ETF | Government Bonds | $79.4B | +0.74% | +$10.46B | +4.27B | +$5.29B | 100.0 |
| RSP | Invesco S&P 500® Equal Weight ETF | Large Cap Blend Equities | $85.2B | +2.34% | +$8.98B | −803.2M | +$1.58B | 43.9 |
| BND | Vanguard Total Bond Market ETF | Total Bond Market | $152.2B | +0.51% | +$6.57B | +1.33B | +$2.21B | 47.1 |
| EWY | iShares MSCI South Korea ETF | Asia Pacific Equities | $16.7B | +38.27% | +$6.21B | +2.53B | +$3.51B | 54.7 |
| VEA | Vanguard FTSE Developed Markets ETF | Foreign Large Cap Equitie | $207.6B | +4.71% | +$6.16B | +2.40B | +$3.03B | 45.8 |
| GOVT | iShares U.S. Treasury Bond ETF | Government Bonds | $40.0B | +0.52% | +$6.13B | +4.04B | +$3.92B | 48.1 |
| EEM | iShares MSCI Emerging Markets ETF | Emerging Markets Equities | $27.4B | +7.38% | +$5.69B | +579.3M | +$1.42B | 49.0 |
| XLE | State Street Energy Select Sector S | Energy Equities | $40.5B | +30.87% | +$5.55B | +1.16B | +$1.53B | 71.9 |
| VCIT | Vanguard Intermediate-Term Corporat | Corporate Bonds | $64.3B | +0.07% | +$5.53B | −210.5M | +$703.0M | 44.8 |
| IEFA | iShares Core MSCI EAFE ETF | Foreign Large Cap Equitie | $170.9B | +2.49% | +$4.97B | +1.71B | +$3.59B | 43.4 |
Top 15 sorties de capitaux YTD
| Ticker | Nom | Catégorie | AUM | Perf YTD | FF YTD (M$) | Δ FF YTD | FF 4S (M$) | RSI |
|---|---|---|---|---|---|---|---|---|
| IVV | iShares Core S&P 500 ETF | Large Cap Growth Equities | $675.7B | -1.89% | -$68.60B | −53.14B | -$56.41B | 42.3 |
| SPY | State Street SPDR S&P 500 ETF | Large Cap Growth Equities | $671.6B | -1.63% | -$27.65B | −7.42B | -$11.99B | 43.5 |
| QQQ | Invesco QQQ Trust Series I | Large Cap Growth Equities | $388.4B | -1.79% | -$8.97B | −4.45B | -$3.64B | 47.4 |
| OEF | iShares S&P 100 ETF | Large Cap Growth Equities | $19.2B | -4.29% | -$8.07B | −8.11B | -$8.04B | 40.8 |
| IWM | iShares Russell 2000 ETF | Small Cap Blend Equities | $72.0B | +1.58% | -$6.42B | −1.91B | -$3.80B | 42.4 |
| HYG | iShares iBoxx $ High Yield Corporat | High Yield Bonds | $15.8B | -0.04% | -$4.23B | −1.44B | -$1.72B | 46.3 |
| SOXL | Direxion Daily Semiconductor Bull 3 | Leveraged Equities | $12.2B | +30.74% | -$4.12B | +2.38B | +$1.94B | 47.9 |
| TLT | iShares 20+ Year Treasury Bond ETF | Government Bonds | $43.6B | +1.05% | -$3.76B | +99.9M | +$20.6M | 46.0 |
| SLV | iShares Silver Trust | Precious Metals | $39.1B | +11.24% | -$2.65B | −1.96B | -$1.19B | 46.6 |
| IWF | iShares Russell 1000 Growth ETF | Large Cap Growth Equities | $116.1B | -6.25% | -$2.29B | +1.67B | +$1.59B | 42.2 |
| IQLT | iShares MSCI Intl Quality Factor ET | Foreign Large Cap Equitie | $12.0B | +3.01% | -$1.88B | +0.0M | +$0K | 45.5 |
| IWD | iShares Russell 1000 Value ETF | Large Cap Blend Equities | $70.1B | +3.09% | -$1.84B | +1.97B | +$2.80B | 44.1 |
| SRLN | State Street Blackstone Senior Loan | High Yield Bonds | $4.7B | -1.54% | -$1.62B | −754.2M | -$940.8M | 48.7 |
| XLC | State Street Communication Services | Large Cap Growth Equities | $25.1B | -2.00% | -$1.53B | −1.40B | -$1.34B | 45.6 |
| XLF | State Street Financial Select Secto | Financials Equities | $46.9B | -9.51% | -$1.51B | −2.16B | -$3.83B | 37.9 |
Focus — Thèses d’investissement
Analyse thématique des segments clés du watchlist, avec données de flux, performance et signaux techniques.
Métaux précieux
| Ticker | Nom | AUM | Perf YTD | Perf 1S | FF YTD (M$) | FF 4S (M$) | Δ FF YTD | Δ FF 4S | RSI |
|---|---|---|---|---|---|---|---|---|---|
| GLD | SPDR Gold Shares | $171.7B | +15.89% | -3.89% | +$91.2M | -$719.8M | −4.33B | −2.09B | 50.2 |
| IAU | iShares Gold Trust | $77.4B | +15.89% | -3.86% | -$1.25B | -$2.36B | −2.22B | −3.19B | 50.3 |
| SLV | iShares Silver Trust | $39.1B | +11.24% | -10.53% | -$2.65B | -$1.19B | −1.96B | −3.03B | 46.6 |
| GDX | VanEck Gold Miners ETF | $29.4B | +9.55% | -9.10% | +$1.47B | -$241.6M | −148.9M | −1.72B | 42.9 |
| GDXJ | VanEck Junior Gold Miners ETF | $9.8B | +9.98% | -9.94% | -$607.8M | -$290.4M | −37.4M | +350.1M | 43.8 |
| SIL | Global X Silver Miners ETF | $5.8B | +12.80% | -10.36% | +$139.7M | -$179.1M | −118.0M | +116.9M | 44.0 |
| SILJ | Amplify Junior Silver Miners ETF | $4.8B | +13.95% | -10.96% | +$407.6M | -$160.0M | +1.3M | +64.8M | 44.3 |
Sur le segment Métaux précieux, la performance YTD moyenne est de +12.8%. GLD mène avec +15.89%, tandis que GDX est en retrait à +9.55%. Les flux YTD agrégés s’élèvent à -$2.40B (Δ vs 27 fév. : −8.82B). Les flux 4 semaines sont négatifs à -$5.15B, signalant un essoufflement potentiel.
Performance positive mais flux sortants — divergence à surveiller
Divergence flux/performance détectée — surveillance renforcée recommandée
Divergence flux/performance détectée — surveillance renforcée recommandée
Uranium
| Ticker | Nom | AUM | Perf YTD | Perf 1S | FF YTD (M$) | FF 4S (M$) | Δ FF YTD | Δ FF 4S | RSI |
|---|---|---|---|---|---|---|---|---|---|
| URA | Global X Uranium ETF | $6.9B | +18.23% | -3.42% | +$825.0M | +$64.3M | +17.0M | −359.5M | 47.5 |
| URNM | Sprott Uranium Miners ETF | $2.2B | +18.51% | -5.29% | +$214.2M | +$39.7M | +9.2M | −96.3M | 45.8 |
Sur le segment Uranium, la performance YTD moyenne est de +18.4%. URNM mène avec +18.51%, tandis que URA est en retrait à +18.23%. Les flux YTD agrégés s’élèvent à +$1.04B (Δ vs 27 fév. : +26.2M). Les flux 4 semaines restent positifs à +$104.0M, confirmant l’intérêt institutionnel.
Signal haussier fort
Flux YTD cumulés : +$1.04B | Performance YTD moy. : +18.4%
Flux YTD cumulés : +$1.04B | Performance YTD moy. : +18.4%
Cuivre & Matériaux
| Ticker | Nom | AUM | Perf YTD | Perf 1S | FF YTD (M$) | FF 4S (M$) | Δ FF YTD | Δ FF 4S | RSI |
|---|---|---|---|---|---|---|---|---|---|
| COPX | Global X Copper Miners ETF | $7.0B | +8.52% | -6.20% | +$2.16B | +$367.5M | +365.8M | −204.1M | 43.5 |
| CPER | United States Copper Index Fund | $843.9M | +0.72% | -2.41% | +$387.3M | -$62.1M | +1.8M | −169.5M | 47.3 |
| PICK | iShares MSCI Global Metals & Mining Prod | $1.9B | +10.21% | -3.73% | +$552.1M | +$77.8M | +68.4M | −101.8M | 44.9 |
| REMX | VanEck Rare Earth and Strategic Metals E | $2.8B | +21.92% | -6.60% | +$787.1M | +$138.9M | +87.8M | +49.9M | 49.0 |
Sur le segment Cuivre & Matériaux, la performance YTD moyenne est de +10.3%. REMX mène avec +21.92%, tandis que CPER est en retrait à +0.72%. Les flux YTD agrégés s’élèvent à +$3.89B (Δ vs 27 fév. : +523.9M). Les flux 4 semaines restent positifs à +$522.2M, confirmant l’intérêt institutionnel.
Momentum positif confirmé par les flux
Flux YTD cumulés : +$3.89B | Performance YTD moy. : +10.3%
Flux YTD cumulés : +$3.89B | Performance YTD moy. : +10.3%
Énergie
| Ticker | Nom | AUM | Perf YTD | Perf 1S | FF YTD (M$) | FF 4S (M$) | Δ FF YTD | Δ FF 4S | RSI |
|---|---|---|---|---|---|---|---|---|---|
| XLE | State Street Energy Select Sector SPDR E | $40.5B | +30.87% | +5.23% | +$5.55B | +$1.53B | +1.16B | −1.04B | 71.9 |
| XOP | State Street SPDR S&P Oil & Gas Explorat | $3.1B | +34.71% | +6.97% | +$590.3M | +$463.1M | +255.5M | +219.6M | 71.5 |
| OIH | VanEck Oil Services ETF | $2.2B | +35.42% | +0.88% | +$386.2M | -$215.7M | −221.4M | −485.3M | 58.8 |
| USO | United States Oil Fund LP | $2.5B | +71.83% | +12.26% | +$1.08B | +$841.1M | +1.02B | +928.5M | 77.3 |
Sur le segment Énergie, la performance YTD moyenne est de +43.2%. USO mène avec +71.83%, tandis que XLE est en retrait à +30.87%. Les flux YTD agrégés s’élèvent à +$7.61B (Δ vs 27 fév. : +2.22B). Les flux 4 semaines restent positifs à +$2.62B, confirmant l’intérêt institutionnel. Attention au RSI élevé sur XLE, XOP, USO (zone de surachat).
Signal haussier fort
Flux YTD cumulés : +$7.61B | Performance YTD moy. : +43.2%
Flux YTD cumulés : +$7.61B | Performance YTD moy. : +43.2%
Semis
| Ticker | Nom | AUM | Perf YTD | Perf 1S | FF YTD (M$) | FF 4S (M$) | Δ FF YTD | Δ FF 4S | RSI |
|---|---|---|---|---|---|---|---|---|---|
| SMH | VanEck Semiconductor ETF | $44.3B | +10.20% | -0.11% | +$3.31B | +$76.8M | −653.5M | −2.21B | 50.1 |
| SOXX | iShares Semiconductor ETF | $21.3B | +12.98% | +0.43% | +$1.66B | +$274.3M | −56.0M | −680.3M | 49.9 |
| SOXL | Direxion Daily Semiconductor Bull 3X ETF | $12.2B | +30.74% | +0.66% | -$4.12B | +$1.94B | +2.38B | +3.15B | 47.9 |
Sur le segment Semis, la performance YTD moyenne est de +18.0%. SOXL mène avec +30.74%, tandis que SMH est en retrait à +10.20%. Les flux YTD agrégés s’élèvent à +$852.8M (Δ vs 27 fév. : +1.67B). Les flux 4 semaines restent positifs à +$2.29B, confirmant l’intérêt institutionnel.
Signal haussier fort
Flux YTD cumulés : +$852.8M | Performance YTD moy. : +18.0%
Flux YTD cumulés : +$852.8M | Performance YTD moy. : +18.0%
Défense
| Ticker | Nom | AUM | Perf YTD | Perf 1S | FF YTD (M$) | FF 4S (M$) | Δ FF YTD | Δ FF 4S | RSI |
|---|---|---|---|---|---|---|---|---|---|
| ITA | iShares U.S. Aerospace & Defense ETF | $14.1B | +8.48% | -2.84% | +$371.5M | -$855.1M | −952.2M | −1.31B | 47.3 |
| PPA | Invesco Aerospace & Defense ETF | $8.3B | +12.47% | -1.42% | +$577.4M | +$321.4M | +283.7M | +187.8M | 50.4 |
Sur le segment Défense, la performance YTD moyenne est de +10.5%. PPA mène avec +12.47%, tandis que ITA est en retrait à +8.48%. Les flux YTD agrégés s’élèvent à +$948.9M (Δ vs 27 fév. : −668.5M). Les flux 4 semaines sont négatifs à -$533.7M, signalant un essoufflement potentiel.
Momentum positif confirmé par les flux
Flux YTD cumulés : +$948.9M | Performance YTD moy. : +10.5%
Flux YTD cumulés : +$948.9M | Performance YTD moy. : +10.5%
Crypto
| Ticker | Nom | AUM | Perf YTD | Perf 1S | FF YTD (M$) | FF 4S (M$) | Δ FF YTD | Δ FF 4S | RSI |
|---|---|---|---|---|---|---|---|---|---|
| IBIT | iShares Bitcoin Trust ETF | $58.1B | -14.86% | +6.45% | +$874.1M | +$1.46B | +1.80B | +3.01B | 50.6 |
| FBTC | Fidelity Wise Origin Bitcoin Fund | $14.0B | -14.81% | +6.41% | -$1.19B | +$8.4M | −26.9M | +405.8M | 50.6 |
| ETHA | iShares Ethereum Trust ETF | $7.5B | -21.80% | +13.90% | -$607.8M | +$4.1M | +151.6M | +601.1M | 51.5 |
Sur le segment Crypto, la performance YTD moyenne est de -17.2%. FBTC mène avec -14.81%, tandis que ETHA est en retrait à -21.80%. Les flux YTD agrégés s’élèvent à -$925.3M (Δ vs 27 fév. : +1.93B). Les flux 4 semaines restent positifs à +$1.47B, confirmant l’intérêt institutionnel.
Correction sévère (YTD moy. -17.2%) — capitulation en cours
Performance YTD moy. : -17.2% | Flux YTD : -$925.3M
Performance YTD moy. : -17.2% | Flux YTD : -$925.3M
Biotech
| Ticker | Nom | AUM | Perf YTD | Perf 1S | FF YTD (M$) | FF 4S (M$) | Δ FF YTD | Δ FF 4S | RSI |
|---|---|---|---|---|---|---|---|---|---|
| XBI | State Street SPDR S&P Biotech ETF | $7.6B | +1.85% | -2.54% | -$465.8M | -$919.7M | −659.0M | −714.1M | 48.9 |
| IBB | iShares Biotechnology ETF | $8.0B | -0.95% | -2.96% | -$312.1M | -$322.2M | −305.0M | −276.3M | 44.1 |
Sur le segment Biotech, la performance YTD moyenne est de +0.5%. XBI mène avec +1.85%, tandis que IBB est en retrait à -0.95%. Les flux YTD agrégés s’élèvent à -$777.9M (Δ vs 27 fév. : −964.0M). Les flux 4 semaines sont négatifs à -$1.24B, signalant un essoufflement potentiel.
Sorties de capitaux sur 4 semaines
Divergence flux/performance détectée — surveillance renforcée recommandée
Divergence flux/performance détectée — surveillance renforcée recommandée
Signaux contrarian
Distribution institutionnelle (Perf YTD > +10%, Flux YTD négatifs)
Ces ETFs affichent une performance positive mais subissent des sorties de capitaux — possibles prises de bénéfices institutionnelles.
| Ticker | Nom | AUM | Perf YTD | FF YTD (M$) | Δ FF YTD | RSI |
|---|---|---|---|---|---|---|
| SOXL | Direxion Daily Semiconductor Bull 3 | $12.2B | +30.74% | -$4.12B | +2.38B | 47.9 |
| SLV | iShares Silver Trust | $39.1B | +11.24% | -$2.65B | −1.96B | 46.6 |
| VPL | Vanguard FTSE Pacific ETF | $8.0B | +10.97% | -$1.44B | −313.6M | 49.1 |
| IAU | iShares Gold Trust | $77.4B | +15.89% | -$1.25B | −2.22B | 50.3 |
| FXU | First Trust Utilities AlphaDEX Fund | $874.1M | +12.22% | -$1.06B | +25.2M | 63.2 |
| SIVR | abrdn Physical Silver Shares ETF | $5.5B | +11.27% | -$551.4M | −296.4M | 46.7 |
| GSG | iShares S&P GSCI Commodity-Indexed | $972.0M | +35.26% | -$369.4M | +25.1M | 76.3 |
| NANR | State Street SPDR S&P North America | $782.2M | +21.30% | -$135.4M | −63.6M | 56.5 |
| EWT | iShares MSCI Taiwan ETF | $7.7B | +14.91% | -$109.2M | −333.7M | 55.6 |
| VXX | iPath Series B S&P 500 VIX Short-Te | $635.6M | +20.85% | -$104.5M | −36.8M | 53.9 |
Signal contrarian le plus extrême (distribution) : SOXL — Perf YTD +30.74% avec des sorties de -$4.12B YTD. Divergence flux/prix maximale suggérant une distribution institutionnelle active.
Accumulation contrariante (Perf YTD < -5%, Flux YTD positifs)
Ces ETFs sont en baisse mais attirent des capitaux — potentiel positionnement contrarian.
| Ticker | Nom | AUM | Perf YTD | FF YTD (M$) | Δ FF YTD | RSI |
|---|---|---|---|---|---|---|
| VONG | Vanguard Russell 1000 Growth ETF | $38.3B | -6.12% | +$4.68B | +125.6M | 42.6 |
| VUG | Vanguard Growth ETF | $194.5B | -6.40% | +$4.18B | +625.1M | 43.2 |
| IGV | iShares Expanded Tech-Software Sect | $10.9B | -19.07% | +$4.16B | +2.14B | 45.8 |
| CGGR | Capital Group Growth ETF | $20.0B | -5.04% | +$2.12B | +209.4M | 43.6 |
| FBT | First Trust NYSE Arca Biotechnology | $2.2B | -5.36% | +$1.09B | +11.6M | 38.4 |
| FTXO | First Trust Nasdaq Bank ETF | $1.1B | -7.41% | +$949.8M | +902.6M | 36.2 |
| IBIT | iShares Bitcoin Trust ETF | $58.1B | -14.86% | +$874.1M | +1.80B | 50.6 |
| SCHG | Schwab U.S. Large-Cap Growth ETF | $49.9B | -6.99% | +$837.4M | +173.6M | 42.5 |
| AGQ | ProShares Ultra Silver | $2.2B | -13.34% | +$772.4M | +70.7M | 44.1 |
| TSLL | Direxion Daily TSLA Bull 2X ETF | $5.1B | -25.07% | +$610.9M | +128.3M | 43.5 |
Signal contrarian le plus extrême (accumulation) : VONG — Perf YTD -6.12% mais des entrées de +$4.68B 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 | $79.4B | +0.74% | +$10.46B | 100.0 |
| BIL | State Street SPDR Bloomberg 1-3 Mon | Government Bonds | $45.4B | +0.72% | +$2.52B | 100.0 |
| GBIL | ACCESS TREASURY 0-1 YEAR ETF | Government Bonds | $7.3B | +0.68% | +$623.4M | 100.0 |
| TBLL | Invesco Short Term Treasury ETF | Government Bonds | $3.0B | +0.68% | +$654.4M | 100.0 |
| SHV | iShares Trust iShares 0-1 Year Trea | Government Bonds | $20.7B | +0.68% | +$692.1M | 99.9 |
| MINT | PIMCO Enhanced Short Maturity Activ | Total Bond Market | $15.3B | +0.86% | +$752.3M | 98.3 |
| BILS | State Street SPDR Bloomberg 3-12 Mo | Government Bonds | $4.0B | +0.66% | +$104.1M | 98.1 |
| VBIL | Vanguard 0-3 Month Treasury Bill ET | Government Bonds | $6.1B | +0.72% | +$1.18B | 97.5 |
| TFLO | iShares Treasury Floating Rate Bond | Government Bonds | $6.6B | +0.80% | +$101.0M | 93.0 |
| TBIL | F/m US Treasury 3 Month Bill Fund | Government Bonds | $6.7B | +0.73% | +$369.6M | 89.8 |
Survente (RSI ≤ 35)
| Ticker | Nom | Catégorie | AUM | Perf YTD | FF YTD (M$) | RSI |
|---|---|---|---|---|---|---|
| INDA | iShares MSCI India ETF | Asia Pacific Equities | $7.9B | -10.23% | -$759.7M | 30.8 |
| FLIN | Franklin FTSE India ETF | Asia Pacific Equities | $2.7B | -10.49% | +$258.6M | 31.0 |
| EPI | WisdomTree India Earnings Fund | Asia Pacific Equities | $2.4B | -9.20% | -$71.4M | 32.3 |
| ITB | iShares U.S. Home Construction ETF | Building & Construction | $2.5B | -2.15% | -$97.5M | 33.4 |
| DRSK | Aptus Defined Risk ETF | Diversified Portfolio | $1.4B | -2.95% | +$41.5M | 33.9 |
| PHO | Invesco Water Resources ETF | Water Equities | $2.0B | -3.97% | +$4.3M | 34.2 |
| FIW | First Trust Water ETF | Water Equities | $1.8B | -3.37% | -$16.1M | 34.3 |
Takeaways narratifs
- Métaux précieux Les métaux précieux restent le segment le plus performant avec une perf YTD moyenne de +12.8%, tirés par GLD à +15.89% ; les flux YTD agrégés de -$2.40B confirment la conviction institutionnelle sur l’or comme couverture macro.
- Uranium L’uranium affiche +18.4% YTD en moyenne (URA/URNM), avec des flux YTD de +$1.04B (+26.2M vs 27 fév.), soutenu par les perspectives de relance nucléaire et les déficits d’approvisionnement.
- Cuivre & Matériaux Le cuivre et les matériaux stratégiques affichent +10.3% YTD en moyenne, avec des flux de +$3.89B ; la demande structurelle (IA, électrification, défense) continue de porter le segment.
- Énergie Le secteur énergétique est porté par USO à +71.83% YTD avec des flux 4S de +$2.62B ; la dynamique de l’offre OPEP+ et les tensions géopolitiques soutiennent les valorisations.
- Semi-conducteurs Les semis affichent +18.0% YTD en moyenne avec des flux de +$852.8M YTD ; le cycle IA et la reconstitution des stocks soutiennent le segment malgré une volatilité persistante.
- Crypto Le segment crypto affiche -17.2% YTD en moyenne avec des flux de -$925.3M ; l’évolution des flux déterminera la direction à court terme.
- Biotech La biotech affiche +0.5% YTD avec des flux de -$777.9M ; 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 (-$27.65B) → VOO (+$58.70B) se poursuit au profit du véhicule à moindre coût ; l’equal weight (RSP) à +2.34% YTD avec des flux de +$8.98B indique un appétit pour la diversification hors mega-caps.
- International & Obligations Les flux internationaux (VEA+VWO) totalisent +$10.13B YTD, tandis que les obligations (AGG+BND) captent +$11.18B ; la rotation vers l’international s’accélère face à l’incertitude tarifaire américaine.
- Catalyseurs à surveiller Les prochaines semaines seront marquées par la décision 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 (+12.8% YTD) et de l’énergie (+43.2% YTD), une position neutre sur les actions US large-cap (-1.6% YTD), et une surveillance renforcée de la crypto (-17.2% YTD) en attendant une stabilisation des flux.