##  [# ETFs End Jan. With $37B Inflows](/sections/monthly-etf-flows/etfs-end-jan-37b-inflows) 

 

# ETFs End Jan. With $37B Inflows

 

 

But ‘SPY’ and ‘QQQ’ combined lost more than $24 billion in assets.



 

 

 

 

 [![ETF.com](/sites/default/files/styles/author_image_icon/public/2023-12/etf.com_400x400.png?itok=LO34LQE1)](/contributors/etfcom-staff) 

[By ETF.com Staff](/contributors/etfcom-staff)

 Feb 02, 2022

 Edited by: ETF.com Staff

 

 

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The U.S. ETF industry ended the most volatile month in the markets since the onset of the pandemic with $37 billion in net inflows, a far cry from the nearly $66 billion in new assets in January 2021.

According to ETF.com data provider FactSet, U.S.-listed ETFs now manage more than $6.8 billion in assets.

**Bearish Big Names Offset With Leveraged Bulls**

The turmoil in large cap names in the middle of January sent the S&amp;P 500 near correction territory and the Nasdaq-100 tech names down to a loss of 14% at one point, sending investors using those funds toward the exits.

The [**SPDR S&amp;P 500 ETF Trust (SPY)**](https://etf.com/SPY) lost just over $18 billion in assets in the month, the worst outflow in its history, while the [**Invesco QQQ Trust (QQQ)**](https://etf.com/QQQ) lost just over $6.6 billion.

But tech bulls continued to gamble in a big way, as the triple-levered [**ProShares UltraPro QQQ (TQQQ)**](https://etf.com/TQQQ) added just shy of $3.5 billion in an attempt to profit off the parent index’s wide intraday spreads. The [**Direxion Daily Semiconductor Bull 3X Shares (SOXL)**](https://etf.com/SOXL) added $1.9 billion in new assets.

**Vanguard Dominates**

Vanguard was a juggernaut of inflows among issuers on the month, adding $22.1 billion in new assets compared with losses of $538 million, $984 million and $4.6 billion for State Street, Invesco and BlackRock, respectively.

The [**Vanguard S&amp;P 500 ETF (VOO)**](https://etf.com/VOO) led all ETFs on inflows for the month, with $4.2 billion in new assets, while the [**Vanguard Total Stock Market ETF (VTI)**](https://etf.com/VTI) added $3.9 billion. The [**Vanguard Value ETF (VTV)**](https://etf.com/VTV) also added $2.3 billion as some investors cut their exposure to growth.

On the international side, the [**Vanguard FTSE Developed Markets ETF (VEA)**](https://etf.com/VEA) took in $2.1 billion in the month. That figure was enough to lead all international equities funds, as the asset class saw monthly inflows of $24.3 billion.

**Inflation-Resistant Equities Gain**

The inflation trade shifted from protected bonds into equities set to benefit from higher prices as costs continue to rise and the Fed turns its attention to rate hikes.

The [**Financial Select Sector SPDR Fund (XLF)**](https://etf.com/XLF) and the [**Consumer Staples Select Sector SPDR Fund (XLP)**](https://etf.com/XLP) added a combined $5 billion in assets.

Gold also flourished, with the [**iShares Gold Trust (GLD)**](https://etf.com/GLD) adding $2.5 billion during the month. More than $1.6 billion of that haul came on Jan. 21, marking a record inflow day for the largest physical gold ETF.

The [**iShares TIPS Bond ETF (TIP)**](https://etf.com/TIP) lost $2.2 billion in assets during January, but $1.1 billion of that was on Jan. 31. Such a large outflow could mean a potential heartbeat trade is in the works.

**Fleeing From Fixed Income**

U.S. bond ETFs lost $8.6 billion as an asset class in January as dual pressure hurt both sides of the market. Decades-high levels of inflation have thrashed already low yields on Treasurys despite the Fed’s signaling of several hikes this year, and the central bank’s plans to cut down its balance sheet is injecting more risk to the junk bond market.

The [**iShares iBoxx USD High Yield Corporate Bond ETF (HYG)**](https://etf.com/HYG) took the largest loss in the asset class, with just less than $3.6 billion in outflows, amounting to 20.7% of its prior assets under management, while the [**iShares 20+ Year Treasury Bond ETF (TLT)**](https://etf.com/TLT) lost $3.5 billion in assets, amounting to a 22% reduction.

Finally, the thinly traded [**iShares MSCI Kokusai ETF (TOK)**](https://etf.com/TOK) was third among all ETFs in new assets, with almost $3.7 billion on the month. However, all of that came solely on Jan. 26 after weeks of barely any activity. The unusual amount suggests that the inflow is the first leg of a heartbeat trade.

*For a full list of this month’s top inflows and outflows, see the tables below:*

Top Gainers (January 2022)

TickerNameIssuerNet Flows ($,mm)AUM ($M)% of AUMYTD 2022 Net Flows($,M)[VOO](https://www.etf.com/VOO)[Vanguard S&amp;P 500 ETF](https://www.etf.com/VOO)Vanguard4,175.02264,695.821.58%4,175.02[VTI](https://www.etf.com/VTI)[Vanguard Total Stock Market ETF](https://www.etf.com/VTI)Vanguard3,947.19278,775.041.42%3,947.19[TOK](https://www.etf.com/TOK)[iShares MSCI Kokusai ETF](https://www.etf.com/TOK)Blackrock3,667.253,895.9694.13%3,667.25[TQQQ](https://www.etf.com/TQQQ)[ProShares UltraPro QQQ](https://www.etf.com/TQQQ)ProShares3,477.8015,824.1021.98%3,477.80[XLF](https://www.etf.com/XLF)[Financial Select Sector SPDR Fund](https://www.etf.com/XLF)State Street Global Advisors2,818.8347,054.235.99%2,818.83[GLD](https://www.etf.com/GLD)[SPDR Gold Trust](https://www.etf.com/GLD)State Street Global Advisors2,504.8858,493.444.28%2,504.88[VTV](https://www.etf.com/VTV)[Vanguard Value ETF](https://www.etf.com/VTV)Vanguard2,259.5393,174.392.43%2,259.53[XLP](https://www.etf.com/XLP)[Consumer Staples Select Sector SPDR Fund](https://www.etf.com/XLP)State Street Global Advisors2,170.1015,215.4614.26%2,170.10[VEA](https://www.etf.com/VEA)[Vanguard FTSE Developed Markets ETF](https://www.etf.com/VEA)Vanguard2,112.27105,964.841.99%2,112.27[SOXL](https://www.etf.com/SOXL)[Direxion Daily Semiconductor Bull 3X Shares](https://www.etf.com/SOXL)Direxion1,929.184,747.7340.63%1,929.18Top Gainers (Year-to-Date)

TickerNameIssuerNet Flows ($,mm)AUM ($M)% of AUMJanuary 2022 Net Flows($,M)[VOO](https://www.etf.com/VOO)[Vanguard S&amp;P 500 ETF](https://www.etf.com/VOO)Vanguard4,175.02264,695.821.58%4,175.02[VTI](https://www.etf.com/VTI)[Vanguard Total Stock Market ETF](https://www.etf.com/VTI)Vanguard3,947.19278,775.041.42%3,947.19[TOK](https://www.etf.com/TOK)[iShares MSCI Kokusai ETF](https://www.etf.com/TOK)Blackrock3,667.253,895.9694.13%3,667.25[TQQQ](https://www.etf.com/TQQQ)[ProShares UltraPro QQQ](https://www.etf.com/TQQQ)ProShares3,477.8015,824.1021.98%3,477.80[XLF](https://www.etf.com/XLF)[Financial Select Sector SPDR Fund](https://www.etf.com/XLF)State Street Global Advisors2,818.8347,054.235.99%2,818.83[GLD](https://www.etf.com/GLD)[SPDR Gold Trust](https://www.etf.com/GLD)State Street Global Advisors2,504.8858,493.444.28%2,504.88[VTV](https://www.etf.com/VTV)[Vanguard Value ETF](https://www.etf.com/VTV)Vanguard2,259.5393,174.392.43%2,259.53[XLP](https://www.etf.com/XLP)[Consumer Staples Select Sector SPDR Fund](https://www.etf.com/XLP)State Street Global Advisors2,170.1015,215.4614.26%2,170.10[VEA](https://www.etf.com/VEA)[Vanguard FTSE Developed Markets ETF](https://www.etf.com/VEA)Vanguard2,112.27105,964.841.99%2,112.27[SOXL](https://www.etf.com/SOXL)[Direxion Daily Semiconductor Bull 3X Shares](https://www.etf.com/SOXL)Direxion1,929.184,747.7340.63%1,929.18Biggest Losers (January 2022)

TickerNameIssuerNet Flows ($,mm)AUM ($M)% of AUMYTD 2022 Net Flows($,M)[SPY](https://www.etf.com/SPY)[SPDR S&amp;P 500 ETF Trust](https://www.etf.com/SPY)State Street Global Advisors-18,049.56405,811.27-4.45%-18,049.56[QQQ](https://www.etf.com/QQQ)[Invesco QQQ Trust](https://www.etf.com/QQQ)Invesco-6,626.78184,930.29-3.58%-6,626.78[HYG](https://www.etf.com/HYG)[iShares iBoxx USD High Yield Corporate Bond ETF](https://www.etf.com/HYG)Blackrock-3,559.5917,230.16-20.66%-3,559.59[TLT](https://www.etf.com/TLT)[iShares 20+ Year Treasury Bond ETF](https://www.etf.com/TLT)Blackrock-3,450.3215,631.52-22.07%-3,450.32[TIP](https://www.etf.com/TIP)[iShares TIPS Bond ETF](https://www.etf.com/TIP)Blackrock-2,248.5835,595.77-6.32%-2,248.58[LQD](https://www.etf.com/LQD)[iShares iBoxx USD Investment Grade Corporate Bond ETF](https://www.etf.com/LQD)Blackrock-2,070.1935,444.28-5.84%-2,070.19[VLUE](https://www.etf.com/VLUE)[iShares MSCI USA Value Factor ETF](https://www.etf.com/VLUE)Blackrock-1,653.7313,948.98-11.86%-1,653.73[IWF](https://www.etf.com/IWF)[iShares Russell 1000 Growth ETF](https://www.etf.com/IWF)Blackrock-1,381.7268,891.31-2.01%-1,381.72[IWD](https://www.etf.com/IWD)[iShares Russell 1000 Value ETF](https://www.etf.com/IWD)Blackrock-1,224.3956,702.93-2.16%-1,224.39[IVW](https://www.etf.com/IVW)[iShares S&amp;P 500 Growth ETF](https://www.etf.com/IVW)Blackrock-1,052.0235,200.56-2.99%-1,052.02Biggest Losers (Year-to-Date)

TickerNameIssuerNet Flows ($,mm)AUM ($M)% of AUMJanuary 2022 Net Flows($,M)[SPY](https://www.etf.com/SPY)[SPDR S&amp;P 500 ETF Trust](https://www.etf.com/SPY)State Street Global Advisors-18,049.56405,811.27-4.45%-18,049.56[QQQ](https://www.etf.com/QQQ)[Invesco QQQ Trust](https://www.etf.com/QQQ)Invesco-6,626.78184,930.29-3.58%-6,626.78[HYG](https://www.etf.com/HYG)[iShares iBoxx USD High Yield Corporate Bond ETF](https://www.etf.com/HYG)Blackrock-3,559.5917,230.16-20.66%-3,559.59[TLT](https://www.etf.com/TLT)[iShares 20+ Year Treasury Bond ETF](https://www.etf.com/TLT)Blackrock-3,450.3215,631.52-22.07%-3,450.32[TIP](https://www.etf.com/TIP)[iShares TIPS Bond ETF](https://www.etf.com/TIP)Blackrock-2,248.5835,595.77-6.32%-2,248.58[LQD](https://www.etf.com/LQD)[iShares iBoxx USD Investment Grade Corporate Bond ETF](https://www.etf.com/LQD)Blackrock-2,070.1935,444.28-5.84%-2,070.19[VLUE](https://www.etf.com/VLUE)[iShares MSCI USA Value Factor ETF](https://www.etf.com/VLUE)Blackrock-1,653.7313,948.98-11.86%-1,653.73[IWF](https://www.etf.com/IWF)[iShares Russell 1000 Growth ETF](https://www.etf.com/IWF)Blackrock-1,381.7268,891.31-2.01%-1,381.72[IWD](https://www.etf.com/IWD)[iShares Russell 1000 Value ETF](https://www.etf.com/IWD)Blackrock-1,224.3956,702.93-2.16%-1,224.39[IVW](https://www.etf.com/IVW)[iShares S&amp;P 500 Growth ETF](https://www.etf.com/IVW)Blackrock-1,052.0235,200.56-2.99%-1,052.02Asset Classes (January 2022)

 Net Flows ($, mm)AUM ($, mm)% of AUM**U.S. Equity**8,471.184,059,819.920.21%**International Equity**24,342.651,257,753.721.94%**U.S. Fixed Income**-8,639.681,080,831.56-0.80%**International Fixed Income**1,961.66159,249.691.23%**Commodities**4,525.94140,909.043.21%**Currency**-25.122,929.37-0.86%**Leveraged**4,718.1661,679.427.65%**Inverse**1,174.0313,426.018.74%**Asset Allocation**380.1019,955.151.90%**Alternatives**104.307,103.271.47%**Total:****37,013.21****6,803,657.14****0.54%**Asset Classes (Year-to-Date)

 Net Flows ($, mm)AUM ($, mm)% of AUM**U.S. Equity**8,471.184,059,819.920.21%**International Equity**24,342.651,257,753.721.94%**U.S. Fixed Income**-8,639.681,080,831.56-0.80%**International Fixed Income**1,961.66159,249.691.23%**Commodities**4,525.94140,909.043.21%**Currency**-25.122,929.37-0.86%**Leveraged**4,718.1661,679.427.65%**Inverse**1,174.0313,426.018.74%**Asset Allocation**380.1019,955.151.90%**Alternatives**104.307,103.271.47%**Total:****37,013.21****6,803,657.14****0.54%**January 2022 ETF Issuer League Table

IssuerNet Flows ($,M)AUM ($,M)% of AUMYTD 2022 Net Flows($,M)Blackrock-4,608.932,322,960.08-0.20%-4,608.93Vanguard22,140.951,977,132.991.12%22,140.95State Street Global Advisors-538.111,048,372.71-0.05%-538.11Invesco-984.63372,588.71-0.26%-984.63Charles Schwab4,797.62260,754.211.84%4,797.62First Trust805.51140,091.350.57%805.51JPMorgan Chase1,339.4871,081.961.88%1,339.48ProShares3,610.4861,990.675.82%3,610.48VanEck733.9458,579.871.25%733.94WisdomTree565.9046,823.321.21%565.90Dimensional Fund Advisors LP1,478.2043,992.573.36%1,478.20Mirae Asset Global Investments Co., Ltd.871.1640,331.312.16%871.16Fidelity243.5832,137.250.76%243.58PIMCO-485.1926,187.74-1.85%-485.19Goldman Sachs538.9126,043.822.07%538.91Direxion2,465.4625,710.069.59%2,465.46DWS-316.2122,624.35-1.40%-316.21ARK-828.1421,999.61-3.76%-828.14Northern Trust69.1520,010.180.35%69.15CICC861.9012,705.236.78%861.90Pacer Advisors790.6310,280.857.69%790.63American Century Investments780.2110,092.717.73%780.21Franklin Templeton128.039,729.591.32%128.03SS&amp;C193.529,058.252.14%193.52Nuveen Securities199.127,921.682.51%199.12Victory Capital164.187,328.642.24%164.18Exchange Traded Concepts176.147,316.342.41%176.14Abrdn Plc55.566,774.650.82%55.56Innovator397.406,121.276.49%397.40ETFMG-122.725,290.06-2.32%-122.72John Hancock72.565,141.461.41%72.56Janus Henderson215.174,561.594.72%215.17New York Life-57.014,416.06-1.29%-57.01The Hartford131.694,250.003.10%131.69Principal-566.754,123.27-13.75%-566.75Amplify Investments14.973,883.000.39%14.97US Commodity Funds-358.623,829.40-9.36%-358.62US Global Investors351.013,549.999.89%351.01Barclays Capital Inc.-168.553,456.01-4.88%-168.55BMO195.303,173.516.15%195.30Toroso Investments179.983,077.475.85%179.98Prudential23.232,163.751.07%23.23AdvisorShares-44.731,962.59-2.28%-44.73Roundhill Investments128.261,942.796.60%128.26Aptus Capital Advisors22.661,868.591.21%22.66Columbia Management Investment Advisers, LLC9.411,780.300.53%9.41Strategy Shares188.301,655.8511.37%188.30The Motley Fool-3.271,483.91-0.22%-3.27Virtus Investment Partners-34.191,454.65-2.35%-34.19Defiance ETFs-40.071,452.72-2.76%-40.07Vident18.701,434.311.30%18.70GraniteShares9.481,391.810.68%9.48O’Shares Investments-4.161,359.81-0.31%-4.16UBS0.001,341.310.00%0.00Cambria159.831,308.8112.21%159.83Nationwide96.331,305.877.38%96.33BNY Mellon27.321,212.312.25%27.32Simplify Asset Management Inc.156.071,153.7513.53%156.07Davis Advisers-120.571,073.23-11.23%-120.57Main Management-1.651,068.37-0.15%-1.65Alpha Architect42.941,055.844.07%42.94Inspire15.001,053.891.42%15.00Horizon Kinetics LLC8.44840.471.00%8.44Transamerica Funds0.00769.890.00%0.00Howard Capital Management18.48663.972.78%18.48Distillate Capital65.86644.5710.22%65.86Merk5.63583.930.96%5.63T. Rowe Price Group, Inc.19.79575.843.44%19.79Credit Suisse Group AG21.16558.543.79%21.16Tortoise13.63544.602.50%13.63Timothy Plan21.62538.584.01%21.62Redwood Investment Management-183.20536.11-34.17%-183.20Liquid Strategies44.25499.198.87%44.25ClearShares LLC101.13490.8920.60%101.13TrimTabs2.77482.710.57%2.77Cavalier1620.64443.874.65%20.64Tuttle Tactical Management, LLC178.68430.4441.51%178.68Day Hagan Asset Management30.59411.497.43%30.59Regents Park Funds14.09370.953.80%14.09Little Harbor Advisors-2.06342.57-0.60%-2.06Swedish Export Credit26.37331.497.95%26.37Sprott, Inc.2.70329.730.82%2.70SRN Advisors-14.06306.61-4.59%-14.06Al Marketing LLC-6.20293.19-2.11%-6.20Renaissance Capital-22.37287.88-7.77%-22.37Engine No. 1 LLC22.65282.018.03%22.65Teucrium-8.45280.89-3.01%-8.45WBI-2.05277.32-0.74%-2.05Core Alternative Capital10.78269.194.00%10.78Advisors Asset Management36.71241.6015.20%36.71TrueMark Investments14.85205.767.22%14.85Wahed Invest LLC29.12194.5014.97%29.12Syntax Advisors0.00191.260.00%0.00Impact Shares4.33183.002.36%4.33Intangible Capital0.00178.870.00%0.00Swan Global Investments18.08169.7010.66%18.08Truist7.33160.394.57%7.33AGF25.67149.9817.11%25.67Wainwright, Inc.1.55136.711.13%1.55Arrow Funds1.32129.541.02%1.32Gadsden2.85120.862.36%2.85Change Finance14.47117.8312.28%14.47Rayliant Investment Research65.49116.8356.05%65.49Kingsview Partners LLC2.69116.672.30%2.69CornerCap Investment Counsel, Inc.3.17111.292.85%3.17Humankind USA LLC1.43107.841.32%1.43Pettee Investors6.9699.856.97%6.96ProcureAM-6.2589.95-6.95%-6.25EntrepreneurShares, LLC0.0087.750.00%0.00Neil Azous Revocable Trust4.3485.045.10%4.34Exponential ETFs0.0377.300.04%0.03Emles Advisors LLC1.8476.322.41%1.84GeaSphere LLC1.7474.332.34%1.74Natixis2.8173.583.82%2.81Beyond Investing4.1171.965.72%4.11Toews Corp.16.8471.1123.68%16.84Harbor0.0066.790.00%0.00Absolute Investment Advisers LLC0.7155.381.28%0.71Oneascent Holdings LLC1.2055.052.18%1.20Federated Hermes, Inc.3.4952.826.61%3.49Pacific Life17.6352.1433.81%17.63Alexis Investment Partners LLC3.6351.457.06%3.63Chadds Ford Investment Management LLC9.9349.2820.15%9.93Guinness Atkinson Asset Management0.0049.090.00%0.00Cohanzick Management5.9448.8012.16%5.94Inverdale Capital Management LLC4.7147.429.93%4.71VectorShares LLC29.4446.9162.76%29.44Power Corporation of Canada4.8646.2110.52%4.86Alger Group Holdings LLC0.0044.580.00%0.00Highland Capital Management-1.5944.31-3.58%-1.59ETF Series Solutions0.0044.080.00%0.00Retireful LLC40.3143.4692.75%40.312nd Vote Value Investments, Inc0.0042.740.00%0.00Formidable Asset Management0.0441.570.09%0.04OBP Capital LLC9.9841.4724.07%9.98Premise Capital0.0038.870.00%0.00Red Gate Advisers LLC1.4337.753.79%1.43Infusive Asset Management0.0037.620.00%0.00Valkyrie Funds LLC-28.4737.25-76.42%-28.47New Age Alpha Advisors LLC2.3435.856.53%2.34Esoterica-2.7635.04-7.87%-2.76Metaurus Advisors0.0132.920.03%0.01Ridgeline Research LLC0.0032.180.00%0.00Uncommon Investment Advisors LLC0.5431.831.71%0.54ASYMmetric ETFs7.7330.1925.60%7.73AXS Investments27.5027.6599.47%27.50AlphaMark Advisors0.0023.430.00%0.00Cultivar Capital, Inc.14.3423.3961.32%14.34Knights of Columbus0.0023.200.00%0.00Water Island Capital Partners LP-0.3022.22-1.35%-0.30Advocate Capital Management LLC2.1919.9111.01%2.19The Leuthold Group LLC1.5818.178.68%1.58Mairs &amp; Power, Inc.0.0018.040.00%0.00Reflection Asset Management, LLC2.8615.3718.59%2.86Changebridge Capital LLC-0.4614.53-3.18%-0.46GAMCO Investors, Inc.0.4414.163.13%0.44Point Bridge Capital0.0013.390.00%0.00Future Fund Advisors-0.4312.84-3.33%-0.43Zacks Investment Management0.0011.390.00%0.00Applied Finance Group1.4210.7013.27%1.42Alternative Access Funds LLC0.0010.010.00%0.00Counterpoint Mutual Funds LLC0.009.950.00%0.00MCCM Group LLC-1.818.57-21.09%-1.81First Pacific Advisors LP7.668.5389.72%7.66GCI Investors, Inc.2.688.0233.48%2.68Cabot ETF Partners LLC-0.297.70-3.81%-0.29Whitford Asset Management0.007.500.00%0.00EquBot-3.117.37-42.16%-3.11ORIX Corp.0.005.620.00%0.00Global Beta Advisors0.005.090.00%0.00Volt Equity LLC1.474.7730.80%1.47Lifegoal Investments LLC0.254.765.23%0.25Spear Advisors LLC0.524.5811.39%0.52Jacob Asset Management-0.284.53-6.23%-0.28VegTech LLC1.673.4248.71%1.67Banhazl0.003.270.00%0.00Lyrical Partners0.003.250.00%0.00Democracy Investment Management LLC0.003.110.02%0.00WealthTrust Asset Management LLC1.922.9664.77%1.92Truemark Group3.102.87107.76%3.10RBS Securities1.002.7536.29%1.00Kelly Strategic Management LLC2.992.72109.68%2.99Goose Hollow Capital Management LLC0.611.8433.37%0.61Kingsbarn Capital Management LLC0.001.830.00%0.00Dinerbao SL1.211.8366.04%1.21V-Square Quantitative Management LLC0.001.200.00%0.00Dalton Capital0.001.130.00%0.00Big Data Federation, Inc.0.001.130.00%0.00Grizzle Investment Management LLC0.220.9024.35%0.22Wilshire Phoenix Funds LLC-1.230.51-239.71%-1.23Inherent Wealth Fund LLC0.240.4552.51%0.24Amberwave Partners Research &amp; Management LLC0.000.430.00%0.00Eaton Vance Corp.0.000.000.00%0.00Baird Financial Group0.000.000.00%0.00Disclaimer: All data as of 6 a.m. Eastern time the date the article is published. Data is believed to be accurate; however, transient market data is often subject to subsequent revision and correction by the exchanges.





 

 

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