ETF pullbacks
Query: ETF pullbacks · data as of 2026-08-24
Found 45 US ETFs in an established uptrend that have pullbacked to within 8% of their 150-day SMA, ranked by 1Y return. Top performers are thematic funds: TCAI (AI Infrastructure, +82% 1Y), XTL (Telecom, +68% 1Y), and ROKT (Final Frontiers, +64% 1Y). Strong cluster of commodity and emerging markets ex-China ETFs also featured. Panels include table with Comments and a narrative discussing the capex-financing rotation and hard-asset bid shaping the pullback landscape. Data as of 2026-08-24.
Found 45 US ETFs in an established uptrend that are within 8% of their 150-day moving average, ranked by 1-year total return. Data as of 2026-08-24.
Pullback Trending US ETFs — Near 150D MA
| Symbol | Name | ETF Theme | 1D Return | 1M Return | 6M Return | 1Y Return | % from 150D SMA | % from 52W High | Rel. Volume | Top Holdings | Comments |
|---|---|---|---|---|---|---|---|---|---|---|---|
| IALT | iShares Systematic Alternatives Active ETF | Alternative Strategies | -0.24% | 0.35% | 10.59% | — | 4.66% | -0.89% | 0.4741 | — | — |
| NHYB | Nuveen High Yield Corporate Bon | High Yield Corporate Bonds | 0.37% | 1.51% | 2.16% | — | 1.82% | -1.79% | 1.8451 | — | — |
| JFLX | JPMorgan Flexible Debt ETF | Flexible Debt | 0.10% | 0.24% | 0.25% | — | 0.52% | -1.75% | 0.6363 | JIMXX | — |
| BDVL | iShares Disciplined Volatility Equity Active ETF | Low Volatility Equity | -0.01% | 2.89% | 5.06% | — | 4.06% | -1.23% | 0.6407 | INDA, ASML.AS, AMZN, MA, MSFT, GOOG, HWM, RSG, 2330.TW, TRV | — |
| VGHY | Vanguard High-Yield Active ETF | High-Yield Bonds | 0.13% | 1.18% | 1.57% | — | 1.43% | -1.63% | 0.6356 | — | — |
| BDYN | iShares Dynamic Equity Active ETF | Dynamic Equity | -0.28% | 3.23% | 8.67% | — | 5.71% | -1.90% | 0.7895 | XTSLA, AAPL, GOOG, NVDA, AMZN, MSFT, LLY, AVGO, MU, BA | — |
| SFTX | Horizon International Managed Risk ETF | International Managed Risk | -0.51% | 5.01% | 8.19% | — | 7.05% | -0.85% | 0.1702 | 2330.TW, ASML.AS, 005930.KS, 000660.KS, TD, SHEL.L, ROP.SW, TTE.PA, NOVN.SW, 6857.T | — |
| TCAI | Tortoise AI Infrastructure ETF | AI Infrastructure | -2.67% | -7.22% | 24.13% | 81.88% | 2.54% | -22.59% | 0.6486 | DELL, MU, VRT, PWR, STX, CIEN, WDC, NVT, GEV, SNDK | TCAI is the highest 1Y performer but has pulled back hard lately (-7.2% in 1 month) as the AI-infrastructure financing narrative hit a wall — memory and interconnect names rolling over. The pressure on capex sustainability is the key risk to watch here. |
| XTL | State Street SPDR S&P Telecom ETF | Telecommunications | -2.06% | 0.35% | 18.22% | 67.78% | 1.57% | -15.89% | 0.781 | VSAT, ANET, MSI, EXTR, GSAT, IRDM, FFIV, T, CMCSA, UI | XTL's telecom holdings offer a defensive tilt relative to pure AI plays — steady cash flows from T, CMCSA, and TMUS provide a buffer in the current rotation toward self-funded growth. |
| ROKT | State Street SPDR S&P Kensho Final Frontiers ETF | Final Frontiers | -2.38% | 0.75% | 8.61% | 63.72% | 1.00% | -17.98% | 0.3114 | OII, RTX, DCO, HXL, HEI, LMT, TDY, IRDM, ESE, BA | — |
| SLX | VanEck Steel ETF | Steel | 0.42% | 4.02% | 7.84% | 59.13% | 6.65% | -5.21% | 0.4888 | BHP, RIO, VALE, NUE, STLD, 5401.T, MT, RIO.AX, RS, FMG.AX | SLX benefits from a commodity bid that's broadening beyond precious metals — steel is sensitive to both US reshoring (tariff tailwinds) and global infrastructure demand. |
| SMHX | VanEck Fabless Semiconductor ETF | Fabless Semiconductors | -2.93% | -3.57% | 37.31% | 56.30% | 7.29% | -20.76% | 0.4082 | NVDA, AVGO, AMD, ALAB, MPWR, QCOM, CDNS, SNPS, MRVL, LSCC | SMHX — fabless semis are ground zero for the capex-financing debate. Strong 6M run (+37%) but the recent pullback reflects worries that hyperscaler spending is converging on cash flow limits. |
| EMXC | iShares MSCI Emerging Markets ex China ETF | Emerging Markets ex China | -1.47% | 4.86% | 13.72% | 55.07% | 7.28% | -9.51% | 0.3824 | 2330.TW, 005930.KS, 000660.KS, 2454.TW, 005935, 2308.TW, 2317.TW, HDFCBANK.NS, RELIANCE.NS, ICICIBANK.NS | EMXC is well-positioned for the ongoing rotation from US mega-cap tech into international equities, especially Taiwan and Korea semiconductor supply chain names. |
| DTCR | Global X Data Center & Digital Infrastructure ETF | Data Centers & Digital Infrastructure | -1.09% | -0.36% | 10.68% | 52.20% | 1.62% | -13.71% | 0.6225 | EQIX, DLR, AMT, CCI, NXT.AX, MU, 000660.KS, MRVL, AJBU.SI, AMD | DTCR's data center holdings face the same capex scrutiny as TCAI — EQIX and DLR are well-capitalized REIT structures but the entire digital infrastructure space is being re-priced under a capital-scarcity lens. |
| XCEM | Columbia EM Core ex-China ETF | Emerging Markets ex-China | -1.41% | 4.55% | 12.57% | 49.65% | 6.53% | -9.26% | 0.7689 | 2330.TW, 005930.KS, 000660.KS, 2454.TW, 2308.TW, 2317.TW, IBN, HDB, IHC.AB, RELIANCE.NS | — |
| PATN | Pacer Nasdaq International Patent Leaders ETF | Patent Leaders | -1.28% | 4.20% | 14.19% | 49.35% | 7.65% | -7.31% | 0.4488 | 2330.TW, 005930.KS, 000660.KS, ASML.AS, 0700.HK, NOVN.SW, ROP.SW, 7203.T, 9988.HK, SIE.DE | — |
| UFOX | Defiance Connective Technologies ETF | Connective Technologies | -2.59% | 1.04% | 21.95% | 46.47% | 0.31% | -24.05% | 0.3471 | AAPL, AVGO, NVDA, MXL, SPCX, CSCO, RKLB, MRVL, ASTS, DDOG | UFOX has a very tight pct_from_ma150 (0.3%) — basically testing its moving average right now after a strong 6M run. Connective tech is a broad theme spanning connectivity hardware and software, giving it diversification within the AI ecosystem. |
| AIPO | Defiance AI & Power Infrastructure ETF | AI & Power Infrastructure | -1.69% | -3.10% | 9.39% | 44.72% | -1.61% | -18.26% | 0.9844 | GEV, ETN, PWR, VRT, AVGO, NVDA, BE, CEG, CCO.TO, AMD | AIPO sits slightly below its 150D MA (-1.6%) — one of few names that has actually breached it. AI power infrastructure needs heavy capex, making it vulnerable to the financing headwinds the market is currently discounting. |
| BAI | iShares A.I. Innovation and Tech Active ETF | AI Innovation | -2.82% | 0.63% | 24.39% | 44.56% | 3.67% | -20.62% | 0.5951 | 000660.KS, MU, AVGO, AMD, NVDA, TSM, LRCX, GOOGL, WDC, TSEM.TA | BAI is one of the largest ETFs on the list by AUM ($16B+). Its AI innovation mandate includes Korean memory stocks (000660.KS), which have been under pressure as the memory cycle weakens. |
| CPER | United States Copper Index Fund ETV | Copper | 0.20% | 4.49% | 12.30% | 44.29% | 7.39% | -1.91% | 1.196 | — | CPER tracks copper futures directly — lifted by the gold/silver commodity bid and structural demand from electrification. Copper is the 'enabler' metal for AI data centers and grid upgrades alike. |
| FMTM | MarketDesk Focused U.S. Momentum ETF | US Momentum | -0.96% | 0.06% | 4.42% | 43.90% | 0.18% | -12.07% | 0.7166 | ALAB, WDC, SNOW, ILMN, CRWD, FTNT, LRCX, NTAP, DDOG, VIK | — |
| BCI | abrdn Bloomberg All Commodity Strategy K-1 Free ETF | Broad Commodity | -0.59% | 3.43% | 17.60% | 42.74% | 7.72% | -2.24% | 0.539 | — | BCI offers broad commodity exposure with no K-1 tax headache — its 1Y run (+42.7%) reflects the broad commodity super-cycle narrative that's been compounding across energy, metals, and agriculture. |
| RSST | Return Stacked U.S. Stocks & Managed Futures ETF | US Stocks & Managed Futures | -0.89% | 0.94% | 11.19% | 42.59% | 5.79% | -3.94% | 1.6821 | SPYM, FGBLU26, FGXXX | — |
| IYZ | iShares U.S. Telecommunications ETF | Telecommunications | -1.02% | 5.37% | 9.92% | 42.25% | 4.52% | -7.29% | 0.4273 | CSCO, VZ, ANET, T, CMCSA, MSI, TMUS, CIEN, ROKU, CHTR | IYZ telecom holdings overlap with XTL but are heavier on the US wireline/wireless carriers. Telecom is benefiting from a flight to quality as defensive cash-flow generators get repriced. |
| IDGT | iShares U.S. Digital Infrastructure and Real Estate ETF | Digital Infrastructure & Real Estate | -1.77% | 0.77% | 20.10% | 41.93% | 4.70% | -13.18% | 0.3825 | DLR, EQIX, AMT, UNIT, FSLY, CCI, SBAC, ANET, EXTR, CSCO | — |
| DXJ | WisdomTree Japan Hedged Equity Fund | Japan Hedged | -0.21% | 0.97% | 7.55% | 41.56% | 6.67% | -2.99% | 0.716 | 8306.T, 7203.T, 8316.T, 8766.T, 8411.T, 2914.T, 8058.T, 8035.T, 9432.T, 8031.T | DXJ is in an upward channel and near its 52-week high — Japanese equities remain in vogue as the yen hedged structure captures local outperformance while neutralizing FX risk. |
| FWD | AB Disruptors ETF | Disruptors | -1.78% | 0.13% | 10.50% | 41.18% | 1.40% | -14.30% | 0.6885 | NVDA, AVGO, 2330.TW, MSFT, GOOGL, AMAT, AMZN, AMD, ASML | — |
| DFEV | Dimensional Emerging Markets Value ETF | Emerging Markets Value | -0.64% | 4.25% | 9.41% | 38.50% | 5.76% | -6.74% | 0.849 | 000660.KS, 00939, RELIANCE.NS, 2317.TW, SMSN, 01398, 9988.HK, 2454.TW, 005930.KS, 02318 | — |
| CLSE | Convergence Long/Short Equity ETF | Long/Short Equity | -0.03% | -2.00% | 16.98% | 38.01% | 6.17% | -3.43% | 0.7762 | NVDA, AVGO, AMZN, GOOG, GOOGL, MU, SOXX, LRCX, AMD, DELL | — |
| VPL | Vanguard FTSE Pacific ETF | Pacific | -1.03% | 4.84% | 7.29% | 37.47% | 5.78% | -5.63% | 0.3941 | 005930.KS, 000660.KS, 8306.T, BHP.AX, CBA.AX, 7203.T, 8316.T, 8035.T, 6501.T, 6857.T | VPL's Pacific exposure features heavy Korean and Australian weights — the Korean market (+149% 1Y) continues its spectacular run while Australian commodity names add an extra layer. |
| JIVE | JPMorgan International Value ETF | International Value | -0.40% | 4.18% | 8.17% | 37.01% | 7.87% | -0.40% | 0.6463 | 005930.KS, JIMXX, HSBA.L, 2330.TW, NESN.SW, SHEL.L, 8306.T, ROP.SW, NOVN.SW, TD | JIVE is in an upward channel near the top (78% channel position). International value is a style benefiting as European and Asian cyclicals re-rate versus US growth. |
| EEMA | iShares MSCI Emerging Markets Asia ETF | Emerging Markets Asia | -1.27% | 3.89% | 9.51% | 36.56% | 5.86% | -5.80% | 1.1372 | 2330.TW, 005930.KS, 0700.HK, 000660.KS, 9988.HK, 2454.TW, 00939, 2308.TW, 2317.TW, HDFCBANK.NS | — |
| AVDV | Avantis International Small Cap Value ETF | International Small Cap Value | -0.11% | 7.40% | 4.48% | 36.45% | 7.13% | -0.11% | 0.6205 | ATS.VI, WTB.L, JMAT.L, 5706.T, BRBY.L, BGEO.L, PRU.AX, CLIS.TA, TVE.TO, FTK.DE | AVDV's international small-cap value mandate has caught fire (7.4% 1M return) — the small-cap rotation outside the US is gaining momentum as global PMIs improve. |
| EEM | iShares MSCI Emerging Index Fund | Emerging Markets | -1.50% | 4.39% | 7.79% | 35.79% | 4.88% | -7.16% | 0.6242 | 2330.TW, 005930.KS, 000660.KS, 0700.HK, 9988.HK, 2454.TW, 005935, 00939, 2308.TW, 2317.TW | — |
| AAXJ | iShares MSCI All Country Asia ex Japan ETF | Asia ex Japan | -1.70% | 4.08% | 9.52% | 35.74% | 5.31% | -7.95% | 0.4769 | 2330.TW, 005930.KS, 000660.KS, 0700.HK, 9988.HK, 2454.TW, D05.SI, 005935, 1299.HK, 00939 | — |
| EMGF | iShares Emerging Markets Equity Factor ETF | Emerging Markets Multi-Factor | -1.28% | 4.75% | 8.88% | 35.63% | 5.34% | -7.25% | 0.4935 | 2330.TW, 005930.KS, 000660.KS, 0700.HK, 9988.HK, 2454.TW, 00939, 2308.TW, 01398, 2317.TW | — |
| ESGE | iShares ESG Aware MSCI EM ETF | Emerging Markets ESG | -1.50% | 4.30% | 7.69% | 34.91% | 5.27% | -6.48% | 0.4949 | 2330.TW, 005930.KS, 000660.KS, 0700.HK, 9988.HK, 2454.TW, 00939, 2412.TW, 2308.TW, 005935 | — |
| DBB | Invesco DB Base Metals Fund | Base Metals | -0.12% | 3.36% | 7.72% | 34.43% | 3.60% | -4.17% | 1.1371 | AGPXX | DBB's base metals basket (copper, zinc, aluminum, etc.) aligns with the broader commodity tailwind. Elevated rel_volume (1.14x) suggests new money rotating into the space. |
| TDI | Touchstone Dynamic International ETF | International Equity | -0.85% | 5.50% | 6.66% | 34.09% | 6.86% | -1.21% | 0.4156 | 2330.TW, ASML.AS, 005930.KS, ISP.MI, BAMI.MI, UCG.MI, 1299.HK, 6758.T, 000660.KS, O39.SI | — |
| WELD | Tema U.S. Manufacturing & Resho | US Manufacturing & Reshoring | -1.58% | -5.67% | 0.62% | 33.28% | -0.69% | -12.63% | 2.0433 | — | WELD is actually below its 150D MA (-0.7%) but barely — the US manufacturing reshoring theme has stalled amid tariff uncertainty and a slowing industrial cycle. |
| THD | iShares MSCI Thailand ETF | Thailand | -1.73% | 0.88% | 3.82% | 33.26% | 5.89% | -2.11% | 0.4495 | DELTA-R, ADVANC-R, PTT-R, AOT-R, GULF-R, CPALL-R, PTTEP-R, BDMS-R, SCC-R, KTB-R | — |
| IWM | iShares Russell 2000 Index Fund | US Small Cap | -0.66% | 2.34% | 14.86% | 33.23% | 7.66% | -2.33% | 0.5468 | MOG-A, HUT, UMBF, CYTK, VSAT, BTSG, GKOS, CTRE, ONB, EAT | IWM's proximity to its 52-week high (-2.3%) sets up well for the small-cap rotation thesis — 1Y return is solid (+33%) and the Russell 2000 tends to catch up when large-cap momentum stalls. |
| FFSM | Fidelity Fundamental Small-Mid Cap ETF | US SMID Cap | -0.56% | 0.46% | 9.60% | 32.93% | 5.67% | -3.46% | 1.1554 | — | FFSM's SMID-cap focus offers a middle ground — more liquidity than micro-caps but less mega-cap exposure. Elevated rel_volume (1.16x) signals accumulating interest. |
| EFNL | iShares MSCI Finland ETF | Finland | -0.27% | 7.25% | 7.09% | 32.43% | 4.68% | -6.24% | 0.1143 | NDA-SE.ST, NOKIA.HE, SAMPO.HE, NESTE.HE, KNEBV.HE, METSO.HE, UPM.HE, WRT1V.HE, ORNBV, FORTUM.HE | — |
| XT | iShares Future Exponential Technologies ETF | Exponential Technologies | -0.98% | 3.55% | 13.77% | 32.07% | 7.81% | -2.54% | 0.5771 | LLY, MSFT, NVDA, TXN, JNJ, AMZN, TSLA, ADI, PANW, ABBV | XT's exponential tech holdings span biotech, AI, and robotics — a diversified way to play long-duration tech themes without the single-sector concentration risk of pure AI hardware ETFs. |
Narrative 0
Market Context: The Pullback in Trending ETFs
This screen captures a fascinating moment in market structure. These ETFs are all in established uptrends (50-day above 150-day MA), yet they've pulled back enough to trade within 8% of their 150-day moving average — many are much closer. The macro backdrop explains why: the capex-financing discussion has hit AI infrastructure hardest (memory, optical, interconnect), while precious metals and international equities continue to attract flows.
Key observations from our screen:
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Top 1Y performers are mostly thematic ETFs, not broad market funds. TCAI (AI Infrastructure, +82%), XTL (Telecom, +68%), and ROKT (Final Frontiers, +64%) lead the list — all thematic, all with concentrated exposure to growth narratives.
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Emerging Markets ex-China is the strongest country grouping. EMXC, XCEM, and PATN all appear near the top, benefiting from the Taiwan/Korea semiconductor supply chain that's structurally tied to global AI demand.
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Commodity ETFs (copper, steel, broad commodities) are a strong cluster. SLX (steel), CPER (copper), BCI (broad commodity), and DBB (base metals) all rank well on 1Y returns, confirming that the hard-asset bid is broad-based, not just precious metals.
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The pullback is shallowest for bond and commodity ETFs, which tend to have lower volatility, while AI-focused names (TCAI, SMHX, AIPO, BAI) sit closer to their 52-week lows — the drawdown here is real and reflects repricing of the AI capex narrative.
The barbell strategy playing out: own the defensive bond/commodity names on one side, or position for a rebound in AI infrastructure on the other — but recognize that the latter requires a catalyst (like the next round of hyperscaler capex announcements) to regain momentum.
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