ETF 1-Month Performance Leaders & Laggards — October 1, 2026
Query: ETF top gainers and losers in 1 month · data as of 2026-10-01
Rebuilt the ETF 1-month leaders/laggards screen from fresh data (858 active ETFs, as of 2026-10-01): top 15 gainers led by tanker shipping, Solana/crypto and AI semiconductor/memory funds, and top 15 decliners dominated by rare-earth/critical-minerals, uranium/nuclear and oil-services themes plus Turkey/Argentina/Indonesia country funds. Both tables carry symbol, name, ETF type/theme, 1D/1M/6M returns, top holdings, % from 52W high and % above 150D SMA, with new qualitative row comments and a market-regime narrative.
One-month performance extremes across the ETF universe as of October 1, 2026. Gainers are concentrated in tanker shipping, Solana/crypto and semiconductors/AI hardware; decliners cluster in rare-earth & critical materials, uranium/nuclear and oil services, with Turkey and Indonesia among the weakest country funds.
Top 1-Month ETF Gainers
| Symbol | Fund Name | ETF Type | ETF Theme | 1D Return | 1M Return | 6M Return | Top Holdings | % from 52W High | % above 150D SMA | Comments |
|---|---|---|---|---|---|---|---|---|---|---|
| BWET | Breakwave Tanker Shipping ETF | theme | Tanker Shipping | 2.88% | 83.44% | 593.88% | AGPXX | -5.28% | 214.64% | Purest read on tanker rates: earnings are spot-rate driven, so freight spikes hit NAV almost instantly. Leverage embedded in vessel values cuts both ways, and the fund is tiny, making spreads and premiums to NAV a real execution risk. |
| ZCSH | The Zcash ETF Shares | commodity | Zcash | -7.43% | 58.22% | 419.01% | — | -15.50% | 149.29% | Privacy-coin exposure riding a broad shift of speculative crypto flows out of majors into smaller-cap tokens. Extreme sensitivity to exchange liquidity, listing status and regulatory headlines; drawdowns are as violent as the rallies. |
| PFIX | Simplify Interest Rate Hedge ETF | other | Interest Rate Hedge | 2.19% | 24.80% | 43.02% | SBIL | 0.00% | 34.13% | Designed as a convex hedge on long-end yields, so it is doing exactly what it's built for while duration-sensitive equities and long bonds fall together. A portfolio insurance line item, not a directional bet. |
| BSOL | Bitwise Solana Staking ETF | theme | Solana Staking | 0.93% | 18.89% | 45.02% | — | -36.20% | 40.06% | Staking adds a yield layer on top of Solana price beta, though staking rewards won't cushion a token drawdown. Early-stage fund with thin liquidity relative to the underlying asset. |
| GSOL | Grayscale Solana Staking ETF | other | Solana | 1.07% | 18.50% | 44.32% | — | -50.00% | 39.73% | Structural risk here is the trust structure: it trades at premiums/discounts to net asset value and its long-run record shows how badly that can decay when crypto sentiment turns. |
| SOLZ | Solana ETF | theme | Solana | 0.73% | 18.01% | 40.02% | — | -52.82% | 37.12% | Cheapest, most liquid way to express Solana beta among the three — the accessibility is the selling point, and the flip side is that it offers no downside protection when the token trend breaks. |
| UGA | United States Gasoline Fund LP | commodity | Gasoline | 4.23% | 16.08% | 53.65% | — | 0.00% | 34.92% | Crack spreads and refinery economics drive this, so it is a leveraged play on refined-product tightness rather than crude itself. Contango in the futures curve quietly bleeds returns for buy-and-hold holders. |
| SPRX | Spear Alpha ETF | theme | Disruptive Growth | 3.13% | 16.01% | 36.65% | ALAB, COHR, NET, ARM, LITE, LRCX, SPCX, MKSI, CIEN, KLAC | -15.41% | 7.85% | Concentrated growth portfolio built around optical/interconnect and semicap names — the picks-and-shovels end of AI infrastructure rather than the platforms. High-conviction, high-tracking-error construction. |
| AIS | VistaShares Artificial Intelligence Supercycle ETF | theme | Artificial Intelligence | 1.90% | 14.57% | 75.92% | 000660.KQ, MU, AMD, MRVL, TSM, SMTC, VRT, SIMO, INTC, 601138.SS | -13.88% | 17.58% | Global memory and logic supply-chain exposure with meaningful Korea/Taiwan weightings, which is exactly where the current memory shortage is being priced. Index concentration in a handful of fab names is the key risk. |
| SMHX | VanEck Fabless Semiconductor ETF | theme | Fabless Semiconductors | 1.88% | 13.60% | 62.89% | NVDA, AVGO, AMD, SNPS, QCOM, MRVL, CDNS, ALAB, MPWR, ARM | -9.00% | 15.86% | Fabless-only cut of semis gives outsized exposure to custom-silicon and networking designers, the segment landing large contracted AI programs. Avoids the capital-intensive foundry and equipment layers. |
| ARKG | ARK Genomic Revolution ETF | theme | Genomics | -1.94% | 13.51% | 96.27% | TXG, TWST, TEM, CRSP, PSNL, ABSI, NTRA, ILMN, LLY, CDNA | -1.94% | 44.13% | Genomics is a separate cycle from AI hardware — this run is about clinical catalysts and biotech risk appetite, not compute demand. Very small and mid-cap heavy, so single-trial news can dominate the whole fund. |
| SMH | VanEck Semiconductor ETF | theme | Semiconductors | 1.45% | 13.31% | 57.62% | NVDA, TSM, AVGO, MU, AMD, ASML, LRCX, AMAT, ADI, TXN | -7.64% | 15.68% | The bellwether for the AI capex trade and the most liquid way to own it. Heavy single-name concentration means its fate is tied to a handful of fab and equipment giants. |
| IGPT | Invesco AI and Next Gen Software ETF | theme | AI & Software | 1.06% | 13.30% | 72.87% | NVDA, META, AMD, MU, GOOGL, 000660.KQ, SNDK, INTC, 2454.TW, STX | -4.94% | 19.91% | Blends AI software and hardware, so it participates in the data-center buildout while keeping some enterprise-software exposure. Overlap with pure-play semiconductor funds is substantial. |
| DRAM | Roundhill Memory ETF | theme | Memory | 2.77% | 12.66% | — | 005930.KQ, 000660.KQ, FGXXX, STX | -23.15% | — | Memory-only mandate sits directly on the shortage trade — DRAM and NAND pricing are the swing factor. New fund with limited track record and a narrow, highly cyclical underlying. |
| CHPX | Global X AI Semiconductor & Quantum ETF | theme | AI Semiconductors & Quantum | 1.06% | 12.02% | 73.44% | MU, TSM, NVDA, AVGO, ASML, AMD, ANET, 000660.KQ, CSCO, 2454.TW | -7.75% | 18.38% | Crosses semis with quantum computing exposure, so it carries a speculative tail that pure equipment funds don't. Quantum names are pre-revenue narrative positions embedded inside an otherwise supply-chain portfolio. |
Top 1-Month ETF Decliners
| Symbol | Fund Name | ETF Type | ETF Theme | 1D Return | 1M Return | 6M Return | Top Holdings | % from 52W High | % above 150D SMA | Comments |
|---|---|---|---|---|---|---|---|---|---|---|
| REMX | VanEck Rare Earth and Strategic Metals ETF | theme | Rare Earth Metals | -2.04% | -17.38% | -28.89% | PLS.AX, ALB, MP, LYC.AX, 600111.SS, ALM, SQM, 601958.SS, 600549.SS, 7610.TW | -42.53% | -26.79% | The whole rare-earth complex is unwinding after a policy-and-scarcity driven run, with China-linked processing names and Western developers selling off together. Concentrated, foreign-listed holdings add currency and liquidity risk on top of the theme. |
| SETM | Sprott Critical Materials ETF | theme | Critical Materials | -1.84% | -13.84% | -15.11% | FCX, KAP, CCO.TO, PLS.AX, LYC.AX, UEC, TECK-B.TO, ALB, BVN, SQM | -27.61% | -13.99% | Broader critical-minerals basket spanning copper, lithium and uranium developers, so it suffers when both the metals complex and the nuclear trade cool at once. Developer-heavy holdings amplify the drawdown versus physical metal. |
| URNM | Sprott Uranium Miners ETF | theme | Uranium Miners | -0.46% | -13.59% | -20.98% | CCO.TO, U-U.TO, NXE.TO, DML.TO, PDN.AX, DYL.AX, KAP, EFR.TO, UEC, 1164.HK | -43.76% | -19.60% | Purest small-cap uranium miner exposure — no utilities or large-caps to cushion the move. Explorer and developer names are financing-sensitive, which is painful precisely when capital is scarce. |
| TUR | iShares MSCI Turkey ETF | country | Turkey | 1.78% | -13.57% | -10.00% | ASELS.IS, TUPRS.IS, BIMAS.IS, AKBNK.IS, THYAO.IS, KCHOL.IS, EREGL.IS, ASTOR.IS, YKBNK.IS, TCELL.IS | -21.35% | -12.52% | Turkey combines a large domestic rate/currency story with heavy bank and industrial weightings. Political interference in monetary policy remains the dominant, unhedgeable risk for foreign holders. |
| REXC | Sprott Rare Earths Ex-China ETF | theme | Rare Earths | -2.30% | -12.37% | — | MP, LYC.AX, SRL.AX, NEO.TO, USAR, ILU.AX, LIN.AX, ALOY, CRML, BRE.AX | -35.13% | — | Deliberately excludes Chinese processors, so it tracks Western developers and juniors whose economics depend on government support and offtake agreements. Little revenue and high cash burn underpin the volatility. |
| GPZ | VanEck Alternative Asset Manager ETF | theme | Alternative Asset Managers | -0.05% | -12.33% | -0.30% | BX, KKR, BN.TO, APO, ARES, EQT.ST, BAM.TO, ICG.L, CG | -25.90% | -6.63% | Alternative managers are levered to deal activity and exit markets, not just markets themselves. When financings are expensive and IPOs stalled, fee-related earnings and carried interest both compress. |
| IEZ | iShares U.S. Oil Equipment & Services ETF | theme | Oil Equipment & Services | 0.83% | -11.85% | -5.26% | SLB, BKR, FTI, HAL, NOV, WFRD, RIG, NE, KGS, VAL | -17.82% | -7.50% | Oil services is a capex-cycle business — it needs producers to expand budgets, and it lags crude strength rather than tracking it. Land-rig and pressure-pumping pricing is where the earnings leverage sits. |
| WEAT | Teucrium Wheat Fund ETV | commodity | Wheat | 0.61% | -11.71% | 8.28% | FGTXX | -11.71% | 2.95% | Agricultural commodity exposure with no dividend or earnings cushion; drought, harvest and export-policy headlines move it more than the broader commodity complex. Trades in contango often enough to erode long holds. |
| ARGT | Global X MSCI Argentina ETF | country | Argentina | -2.14% | -11.65% | -9.19% | MELI, YPF, VIST, GGAL, BMA, PAM, FVI.TO, SSRM.TO, TGS, CEPU | -18.07% | -8.36% | Argentina is a macro-reform and sovereign-credit story more than an equity story — currency policy and the fiscal path drive the banks and energy names that dominate the index. Extremely headline-sensitive. |
| NLR | VanEck Uranium and Nuclear ETF | theme | Uranium & Nuclear | -0.69% | -11.24% | -23.53% | CEG, CCO.TO, PEG, FORTUM.HE, UEC, PDN.AX, NXE.TO, BWXT, LEU, DML.TO | -37.49% | -17.92% | Nuclear utilities and fuel-cycle names, a very different risk profile from miners: long-dated power contracts and data-center demand provide stability, but rate sensitivity makes it a duration casualty when yields rise. |
| GDMN | WisdomTree Efficient Gold Plus Gold Miners Strategy Fund | other | Gold & Gold Miners | -0.86% | -10.88% | -10.91% | NEM, AEM.TO, ABX.TO, AU, K.TO, GFI, WPM.TO, FNV.TO, EVN.AX | -41.92% | -12.57% | Hybrid strategy blending physical gold with miner equity, so it carries both the metals drawdown and the equity operating leverage. Miners typically amplify moves in both directions rather than hedging them. |
| OIH | VanEck Oil Services ETF | theme | Oil Services | 0.73% | -10.72% | -3.80% | SLB, BKR, FTI, HAL, TS, RIG, WFRD, NE, NOV, OII | -16.04% | -5.93% | Large-cap oil services with offshore weighting — international project awards are the real catalyst, and offshore spending has been the more resilient part of the capex cycle versus North American shale. |
| XES | State Street SPDR S&P Oil & Gas Equipment & Services ETF | theme | Oil & Gas Equipment & Services | 1.50% | -10.69% | -3.61% | OII, TDW, WHD, FTI, HP, SDRL, SLB, WTTR, PTEN, NOV | -18.32% | -6.97% | Equal-weighted basket of smaller land-focused service names, so it is the higher-beta, more domestically geared cousin of the large-cap services funds. Drilling-activity counts are its core driver. |
| EIDO | iShares MSCI Indonesia ETF | country | Indonesia | -1.02% | -10.21% | -25.04% | BBCA.JK, BBRI.JK, BMRI.JK, TLKM.JK, BBNI.JK, ASII.JK, BRMS.JK, BRPT.JK, INDF.JK, MDKA.JK | -39.59% | -13.77% | Large Indonesian banks and conglomerates dominate, making this a domestic consumption and credit-growth proxy in one of the more rate-sensitive emerging economies. Currency weakness compounds local equity declines for dollar investors. |
| URA | Global X Uranium ETF | theme | Uranium | -0.65% | -9.90% | -19.63% | CCO.TO, NXE.TO, OKLO, UEC, KAP, PDN.AX, EFR.TO, XE, LEU | -35.95% | -16.00% | Broader uranium basket that mixes miners with SMR developers and physical trusts, giving it more narrative exposure than pure producer funds. Developer economics rely on future reactor demand that is years from being realized. |
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What the extremes are telling us
This month's leaderboard is not a broad advance — it is a series of narrow, supply-constrained stories. The AI trade has rotated decisively from platforms to the physical layer: 14 of the top gainers are directly tied to compute hardware, memory or staking infrastructure, and semiconductors appear in five different packaging variants. Memory and storage are pricing an actual shortage, not a demand narrative, while semicap and EDA names benefit from the re-tooling wave that shortage implies.
Alongside that, two idiosyncratic engines: tanker shipping, where spot freight rates transmit almost immediately into vessel values, and a cluster of Solana products, which show how quickly speculative flows rotate from majors into smaller tokens when risk appetite is selective rather than absent.
Notably, rate-hedge exposure makes the list — a reminder that this is a market where duration is being repriced rather than a simple risk-on tape.
The losers are one trade wearing five costumes
Rare earths, critical minerals, uranium, nuclear and oil services are all capex- and policy-sensitive cyclical themes that ran hard on scarcity narratives and are now giving it back in unison. The common thread is that these are businesses needing cheap capital to fund projects — exactly the backdrop that has disappeared as long bonds, high yield and TIPS fall together.
Gold miners and a gold/precious-metals hybrid belong to the same unwind: the former safe-haven complex is being sold even with inflation still running around 2.7%. Country funds in Turkey, Argentina and Indonesia round out the list, all carrying domestic policy and currency risk that compounds local equity weakness for dollar-based holders.
How to think about positioning
Concentration is doing the work. With breadth extremely thin, the payoff has accrued to portfolios deliberately focused on contracted, supply-constrained infrastructure rather than diversified beta. The risk is equally concentrated: these funds are small, several are new, and many hold foreign or thinly traded securities where NAV premiums can widen fast on the way out.
For the downside list, the important distinction is between themes impaired by capital scarcity (uranium developers, rare-earth juniors, alt managers) and those with self-correcting commodity exposure (oil services, wheat, gold miners). The first group needs financing conditions to change; the second only needs prices to stabilize. Treating both as 'beaten-down cyclicals' would be a mistake.
Past performance does not guarantee future results; these are educational observations, not investment advice.
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