Two of the most popular ETFs of the past week have no connection to the artificial intelligence craze that is driving huge gains in some parts of the stock market. According to FactSet, the iShares Russell 2000 ETF (IWM) has raised more than $1 billion in the past week through Thursday. The SPDR Gold Shares ETF (GLD) is another successful fund, raising around $270 million. Those outflows are a notable contrast to the market’s performance this week, where big tech stocks outperformed. Both gold and the Russell 2000 index fell slightly in May, so the inflows may reflect investors buying when prices fall. Three major Vanguard funds also made the top five, including the Vanguard Information Technology ETF (VGT), which has a large share of Nvidia. The flow of ETFs is not always a perfect measure of what investors are betting on. Focusing on one product can miss trends in other areas, such as buying individual stocks, and cash flow can also result from larger investors entering short positions. Some of the top weekly performers by price return include the Global X MSCI Greek ETF (GREK), which is up more than 6% through Thursday, and the VanEck Semiconductor ETF (SMH), which has added 5.4 %. Here are some other notable funds for the week: The Franklin FTSE India ETF (FLIN) pulled in $49 million in cash, a relatively large sum for a fund still under $200 million. The ETF has been virtually unchanged year-to-date. Nvidia’s outsized earnings report sent shockwaves through the single-stock ETFs that are tracking the chip giant. The AXS 1.25x NVDA Bear Daily ETF (NVDS) had a record high trading day on Thursday. The fund is down 30% on the day but still has over $100 million in assets. GraniteShares 1.5x Long NVDA Daily ETF (NVDL) also had a record-high volume day, but the fund is still much smaller with about $30 million in assets under management.