Thematic baskets

as of 2026-09-11

Memory & Storage leads the themes year to date (+173.1% vs FW 3000) · Nuclear Renaissance lags (-24.2%) · 28 baskets across 9 categories.

FW 3000 theme baskets and ETF allocations, rebalanced monthly. Stock baskets use equal weights; ETF allocations show their target weights. Every membership change is dated in the changelog. Compare basket & factor correlations →

Performance table

Click a column to sort, or a basket name for its chart, holdings, and methodology.

Basket1d5d20d60dMTDYTD1y
Memory & Storage-2.7%+4.2%-2.1%-22.1%+1.4%+173.1%+395.7%
Optical Interconnect+1.4%+12.0%-6.5%-19.0%+3.6%+90.3%+191.6%
AI Infrastructure Leaders+1.6%+6.5%-5.2%-10.9%+4.0%+72.0%+98.2%
60/40 SMH/XLE+0.1%+3.2%+2.3%+1.4%+2.3%+41.6%+53.3%
US Energy Complex-0.9%+1.1%+8.0%+14.5%+1.4%+32.4%+32.1%
Cybersecurity-2.3%-1.9%-8.6%+18.7%-7.3%+27.8%+15.2%
Managed Care & Health Insurers-0.6%-0.4%+2.8%-3.1%+2.9%+18.3%+16.9%
Commodity Producers-1.6%-0.9%+7.1%+6.0%-0.5%+16.4%+26.7%
Crypto Financialization+2.0%-1.7%+16.2%-5.5%+5.7%+12.1%-8.0%
Space Economy-0.7%-0.7%-16.1%-15.9%-3.9%+7.1%+26.6%
Hospitals & Providers-0.3%+0.9%+0.4%+10.7%+1.1%+4.0%-3.4%
Reshoring & Industrial Capex+0.6%+1.0%-5.3%-9.6%-0.4%+3.2%+4.5%
Regional Banks-0.6%+0.0%-2.6%+1.2%+1.7%+1.5%+1.0%
Power & Grid Buildout-0.6%+1.3%-7.3%-15.3%+1.6%-2.6%-6.2%
Magnificent Seven+0.1%+0.5%+4.4%+4.1%+2.1%-4.0%+1.4%
Capital Markets Cycle-0.9%-3.0%-1.5%+1.6%-3.0%-4.1%-7.1%
Fortress Balance Sheets-0.4%-2.8%-2.5%+6.7%-4.0%-5.0%-3.8%
Defensives-0.8%-1.4%-1.4%-1.1%-1.8%-6.2%-12.6%
AI Displacement Risk+1.5%-6.1%+1.6%+20.3%-6.3%-9.9%-15.5%
Retail+0.1%-2.2%-3.0%-1.7%-2.5%-10.1%-13.1%
GLP-1 Pressure-1.0%-2.6%-3.1%+4.6%-4.4%-11.6%-17.6%
Homebuilders+0.8%-4.5%-8.7%-8.4%-6.5%-12.2%-27.5%
Defense & Aerospace-0.6%-1.6%-10.7%-5.2%-4.0%-12.3%-9.2%
Travel & Experiences-0.0%-1.6%-9.1%-11.0%-3.1%-12.7%-15.4%
AI Software & Platforms-0.0%-3.5%-1.3%+13.2%-5.9%-14.3%-17.8%
Payments & Fintech+0.5%-2.7%-2.1%+10.3%-1.6%-14.3%-23.7%
Housing Chain+0.3%-3.1%-9.2%-9.2%-4.8%-14.4%-29.8%
Nuclear Renaissance-4.3%-3.6%-7.6%-14.6%-2.7%-24.2%-30.1%

Performance

Rebased to 0% at the start of the window. History before a basket's creation date is a backtest of its membership at creation.

Baskets by category

Period