Oil Surges: ETF Movers — Monday 13 Apr 2026

Risk appetite strengthened Monday, with technology leading the equity complex as XLK rose 2.10% and IYW gained 1.89%, while defensive sectors lagged with XLU down 1.21% and XLP off 1.00%. In fixed income, preferreds and EM sovereign debt outperformed, with PFF up 0.65% and EMB adding 0.55%. Commodities also skewed toward growth-sensitive exposures, as oil and copper advanced sharply while silver and gold moved lower.

Technology jumped 2.10%

Equity ETFs:

Leaders: Technology XLK +2.10% (3M perf: -0.2%), US Technology IYW +1.89% (-1.9%)

Laggards: Utilities XLU -1.21% (3M perf: +9.9%), Consumer Staples XLP -1.00% (+3.5%)

3M Regime:

Strong: South Korea EWY (3M perf: +29.7%), Brazil EWZ (+25.6%), Energy XLE (+23.2%)

Weak: Consumer Discr. XLY (3M perf: -8.2%), China MCHI (-7.8%), China Large Cap FXI (-7.3%)

Signals to Monitor:

• Volatility Expansion: Energy XLE

• Overbought: Brazil EWZ

Preferred Stock climbed 0.65%

Fixed Income ETFs:

Leaders: Preferred Stock PFF +0.65% (3M perf: -0.7%), EM Sovereign Bonds EMB +0.55% (+1.0%)

Laggards: Global Bonds BNDX +0.08% (3M perf: -0.4%), Int. Treasuries IEI +0.13% (+0.2%)

3M Regime:

Strong: Short TIPS VTIP (3M perf: +1.3%), TIPS TIP (+1.0%), EM Sovereign Bonds EMB (+1.0%)

Weak: Preferred Stock PFF (3M perf: -0.7%), Global Bonds BNDX (-0.4%), Long Treasuries TLT (-0.2%)

Oil rallied 2.92%

Alternative ETFs:

Leaders: Oil USO +2.92% (3M perf: +81.5%), Copper CPER +2.56% (+1.8%)

Laggards: Silver SLV -1.16% (3M perf: -5.7%), Gold GLD -0.40% (+5.0%)

3M Regime:

Strong: Oil USO (3M perf: +81.5%), Broad Commodities PDBC (+27.4%), Managed Futures DBMF (+7.2%)

Weak: Ethereum Trust ETHA (3M perf: -26.4%), Bitcoin Trust IBIT (-18.7%), Silver SLV (-5.7%)

Signals to Monitor:

• Volatility Compression: Managed Futures DBMF, Ethereum Trust ETHA, Bitcoin Trust IBIT

• Overbought: Long/Short Equity FTLS

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Romain Gandon — CEO, Quantlake

Disclaimer: This article is for informational and educational purposes only and does not constitute investment advice. Past performance is not indicative of future results.

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