Investors Pivot from U.S. Equities to Global ETFs and Safe Havens Amid Risk-Off Sentiment

Key Facts

1Investors have been vacating U.S. stocks and ETFs since the start of 2026.

2A risk-off strategy has driven capital toward safe-haven assets like gold and silver.

3Global ETFs are outperforming U.S. markets amid this broad-based capital rotation.

Investors have begun a significant rotation away from U.S. stocks and domestic ETFs since the start of 2026. This shift is driven by a broad-based risk-off strategy as market participants seek to mitigate exposure to domestic volatility. Consequently, capital is flowing into safe-haven assets, with gold (XAU/USD) and silver (XAG/USD) seeing increased demand. Global ETFs are currently outperforming the U.S. market, benefiting from this international capital reallocation. Analysts note that this trend reflects a growing preference for diversified global exposure over concentrated U.S. positions. While major indices like the S&P 500 (SPY) face downward pressure, precious metals continue to gain momentum.