{"url":"https://etfiq.com/research/library/state-street-industry-and-thematic-etf/","section":"research","title":"Industry & thematic ETF | ETFIQ","description":"State Street Investment Management\u2019s paper \u201cIndustry & thematic ETF\u201d, summarized by ETFIQ with its own data beside it. Summary by ETFIQ.","as_of":"Oct 28, 2026","structured_data":[{"@type":"Report","name":"Summary: Industry & thematic ETF","headline":"Industry & thematic ETF","url":"https://etfiq.com/research/library/state-street-industry-and-thematic-etf/","datePublished":"2026-10-27","dateModified":"2026-10-28","author":{"@id":"https://etfiq.com/#org"},"publisher":{"@id":"https://etfiq.com/#org"},"about":"Thematic ETFs","abstract":"State Street Investment Management's October 2026 dashboard finds industry ETFs took in net new money of $9.6B during Q3 2026, a fifth straight quarter of inflows.","isBasedOn":"https://www.ssga.com/library-content/pdfs/etf/us/thematic-and-industry-etf-dashboard-q1-2026.pdf","citation":{"@type":"Report","name":"Industry & thematic ETF","url":"https://www.ssga.com/library-content/pdfs/etf/us/thematic-and-industry-etf-dashboard-q1-2026.pdf","datePublished":"2026-10-16","publisher":{"@type":"Organization","name":"State Street Investment Management","url":"https://www.ssga.com/"},"author":{"@type":"Organization","name":"State Street Investment Management"}},"inLanguage":"en"},{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"What does the State Street Investment Management paper conclude?","acceptedAnswer":{"@type":"Answer","text":"State Street Investment Management's October 2026 dashboard finds industry ETFs took in net new money of $9.6B during Q3 2026, a fifth straight quarter of inflows. The paper\u2019s own words are at the link above."}},{"@type":"Question","name":"What does ETFIQ\u2019s data show on the same question?","acceptedAnswer":{"@type":"Answer","text":"By their latest holdings filings, the typical thematic ETF has 32% of its weight in stocks the S&P 500 already holds. Over the year to Oct 28, 2026, 113 of 315 thematic ETFs with a full year beat the S&P 500. ETFIQ states both numbers and does not reconcile them."}},{"@type":"Question","name":"What is a thematic ETF?","acceptedAnswer":{"@type":"Answer","text":"A fund that holds companies tied to one theme, such as AI or defense, picked by an index or a manager rather than by size alone."}},{"@type":"Question","name":"Where can I read \u201cIndustry & thematic ETF\u201d?","acceptedAnswer":{"@type":"Answer","text":"On State Street Investment Management\u2019s own site. ETFIQ summarizes the paper and does not host it."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Research","item":"https://etfiq.com/research/"},{"@type":"ListItem","position":3,"name":"Library","item":"https://etfiq.com/research/library/"},{"@type":"ListItem","position":4,"name":"State Street Investment Management","item":"https://etfiq.com/research/library/state-street/"},{"@type":"ListItem","position":5,"name":"Industry & thematic ETF","item":"https://etfiq.com/research/library/state-street-industry-and-thematic-etf/"}]},{"@type":"WebPage","name":"Industry & thematic ETF","description":"State Street Investment Management\u2019s paper \u201cIndustry & thematic ETF\u201d, summarized by ETFIQ with its own data beside it. Summary by ETFIQ.","url":"https://etfiq.com/research/library/state-street-industry-and-thematic-etf/","dateModified":"2026-10-28","isPartOf":{"@type":"WebSite","name":"ETFIQ","url":"https://etfiq.com"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".lede",".faq"]},"publisher":{"@id":"https://etfiq.com/#org"}}],"characters":4710,"truncated":false,"content":"ETFIQ / Research / Library / State Street Investment Management / Industry & thematic ETF \n \n Published Oct 16, 2026 by State Street Investment Management. Summary by ETFIQ as of Oct 28, 2026.\n Industry & thematic ETF\n State Street Investment Management's October 2026 dashboard finds industry ETFs took in net new money of $9.6B during Q3 2026, a fifth straight quarter of inflows. \n State Street Investment Management \u00b7 Issuer \u00b7 Read the full paper at State Street Investment Management \u2197 \n What it says\n Numbers as stated by State Street Investment Management, Oct 16, 2026\n State Street Investment Management says Semiconductors led industry ETF flows, attracting $8.5B of net new money in Q3 2026, its sixth quarter running with inflows. (State Street, p. 3)\n State Street Investment Management counts $6.1B of thematic ETF inflows in Q3 2026, a seventh positive quarter in a row, a run it last saw in Q2 2021. (State Street, p. 5)\n State Street Investment Management puts trailing 12-month thematic ETF inflows at $35.2B as of Q3 2026, equal to organic growth of 30.1%. (State Street, p. 5)\n State Street Investment Management finds the average thematic ETF returned -2.1% in Q3 2026, landing 4.4% behind the S&P 500, though 26% of them beat the index. (State Street, p. 4)\n State Street Investment Management reports Software was the top industry in Q3 2026 at 15.4%, while Homebuilders sat in the bottom five at -15.6%. (State Street, p. 2)\n The ETFIQ take\n ETFIQ data to Oct 28, 2026 \u00b7 315 thematic ETFs with a full year, 1 year to Oct 28, 2026\n State Street Investment Management reports $9.6B of net inflows into 131 industry ETFs in Q3 2026. By their latest holdings filings, the typical thematic ETF has 32% of its weight in stocks the S&P 500 already holds. Over the year to Oct 28, 2026, 113 of 315 thematic ETFs with a full year beat the S&P 500.\n 32% of the typical thematic ETF\u2019s weight in S&P 500 stocks , Oct 28, 2026. ETFIQ \n 113 of 315 thematic ETFs that beat the S&P 500 over one year , Oct 28, 2026. ETFIQ \n\n Paper: 131 industry ETFs, quarter to September 30, 2026. ETFIQ: 315 thematic ETFs with a full year, 1 year to Oct 28, 2026. Weights from each fund\u2019s latest filed holdings; one-year total return against SPY over the same days. The two sets and windows differ; the numbers are stated, not reconciled. Method Data \n\n Related ETFs\n The funds the paper names that ETFIQ covers\n XBI State Street SPDR S&P Biotech ETF: +41.2%\n XAR State Street SPDR S&P Aerospace & Defense ETF: \u221210.0%\n Number: total return, 1 year, to Oct 28, 2026, from each fund\u2019s page. All 414 thematic ETFs \u2192 \n Related papers\n First Trust \u00b7 Issuer \u00b7 Oct 15, 2026 \n ETF Newsletter - October 2026 \n First Trust's October 2026 ETF newsletter reports that its AIRR industrials fund fell 22.5% in the third quarter, as stocks tied to AI data centers weakened.\n Themes Read the paper \u2197 \n State Street Investment Management \u00b7 Issuer \u00b7 Dec 3, 2025 \n Target AI and policy-led growth from US to emerging markets \n State Street Investment Management's December 2025 outlook says consensus 2026 capital spending estimates for major hyperscalers have reached $519 billion, up from $314 billion.\n Themes Read the paper \u2197 \n BlackRock \u00b7 Issuer \u00b7 Aug 12, 2026 \u00b7 ETFIQ take\n BGRN Impact Report \n BlackRock's August 2026 impact report for BGRN estimates that $1 million in the fund's holdings avoids 909 tons of CO2e a year.\n Bonds Themes Read the paper \u2197 \n All 12 papers on themes \u2192 \n Questions people ask\n What does the State Street Investment Management paper conclude? State Street Investment Management's October 2026 dashboard finds industry ETFs took in net new money of $9.6B during Q3 2026, a fifth straight quarter of inflows. The paper\u2019s own words are at the link above. What does ETFIQ\u2019s data show on the same question? By their latest holdings filings, the typical thematic ETF has 32% of its weight in stocks the S&P 500 already holds. Over the year to Oct 28, 2026, 113 of 315 thematic ETFs with a full year beat the S&P 500. ETFIQ states both numbers and does not reconcile them. What is a thematic ETF? A fund that holds companies tied to one theme, such as AI or defense, picked by an index or a manager rather than by size alone. Where can I read \u201cIndustry & thematic ETF\u201d? On State Street Investment Management\u2019s own site. ETFIQ summarizes the paper and does not host it. ETFIQ, Industry & thematic ETF (State Street Investment Management), summary and ETFIQ take, as of Oct 28, 2026. https://etfiq.com/research/library/state-street-industry-and-thematic-etf/ Free to use with attribution . Open data \n Summary by ETFIQ. ETFIQ is not affiliated with State Street Investment Management; logos identify the source.","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","license_text":"Data ETFIQ computes is free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.","citation":"ETFIQ, Industry & thematic ETF (State Street Investment Management), summary and ETFIQ take, as of Oct 28, 2026. https://etfiq.com/research/library/state-street-industry-and-thematic-etf/"}