Each week, we calculate the average YTD total return for hundreds of active ETFs across eleven categories, apply a minimum AUM threshold of USD 10 million to filter out funds lacking sufficient scale, and rank categories by that average — surfacing the top performers within each. The result is a consistent, data-driven weekly snapshot that cuts through the noise and helps investors quickly identify where active management is delivering results.

This week’s Active ETF Scorecard reflects a broad pullback across risk-sensitive categories, as the U.S. dollar surged to its strongest level since May 2025 after the Federal Reserve’s June 17 meeting — Chair Kevin Warsh’s first as head of the FOMC — held rates steady but delivered a hawkish surprise: the dot plot flipped from a projected cut to a projected hike, with nine of 18 participants now expecting rates to end 2026 higher than today, reversing the FX tailwind that had powered EM and international strategies the prior week.

Active ETF categories are ranked below by the average YTD total return of some of the largest active ETFs in each category, as measured by their latest reported AUM.