## [# ETFs Gain $2.6B As Russia Rattles Markets](/sections/weekly-etf-flows/etfs-gain-26b-russia-rattles-markets) # ETFs Gain $2.6B As Russia Rattles Markets Russia’s invasion of Ukraine has weekly flows at nearly neutral. [![DanMika200x200.jpg](/sites/default/files/styles/author_image_icon/public/2023-02/DanMika200x200.jpg?itok=W3yFiWn- "DanMika200x200.jpg")](/contributors/dan-mika) [By Dan Mika](/contributors/dan-mika) Mar 01, 2022 Edited by: Dan Mika Share Email LinkedIn Facebook X (Twitter) googletag.cmd.push(function() { googletag.display('js-dfp-tag-article_page_302x26'); }); Loading The outbreak of war in Europe threw markets into a deeply risk-off mood last week as U.S.-listed ETFs added just $2.6 billion in assets from Feb. 21 to Feb. 25. According to ETF.com data provider FactSet, the U.S. ETF industry has accumulated approximately $93.8 billion in new assets year-to-date and manages $6.7 trillion. **(Partial) Flight To Safety** The top gainers of the week were a mix of growth stocks and flights into the relatively safe world of bonds. The **[Invesco QQQ Trust (QQQ)](https://etf.com/qqq)** led inflows with just over $2 billion, despite the technology benchmark index dropping 5.5% last week. The triple-leveraged [**ProShares UltraPro QQQ (TQQQ)**](https://etf.com/tqqq) added nearly $1.1 billion in the same period. Semiconductors had a strong week on concerns that the Russia-Ukraine crisis would disrupt the supply of materials needed to produce sought-after chips, such as neon gas used to etch patterns into silicon. The [**VanEck Semiconductor ETF (SMH)**](https://etf.com/smh) added $512.6 million, while the [**Direxion Daily Semiconductor Bull 3X Shares (SOXL)**](https://etf.com/soxl) took in $437.6 million. But while the U.S. equity asset class lost $2.2 billion on the week, U.S. fixed income funds took in nearly $2.6 billion as more cautious investors looked to pull out of the risk that the conflict in Europe poses. The [**iShares iBoxx USD Investment Grade Corporate Bond ETF (LQD)**](https://etf.com/lqd), which led bond funds with a $1.6 billion inflow, was the lone corporate debt fund in the top 10, followed by the [**iShares Short Treasury Bond ETF (SHV)**](https://etf.com/shv), with $1.4 billion in new assets. The [**iShares 7-10 Year Treasury Bond ETF (IEF)**](https://etf.com/ief) added $565 million, while the [**iShares 20+ Year Treasury Bond ETF (TLT)**](https://etf.com/tlt) took in $455 million. **SPY, Corporate Debt Lose Out** The biggest loser on the week was an outlier: the [**SPDR Gold MiniShares Trust (GLDM)**](https://etf.com/gldm). The fund saw a massive $2.2 billion outflow last Wednesday after a quiet 12 months, amounting to almost half of its assets under management. That sale may have been a profit-taking move as the price of gold moved higher as a defensive asset in the first days of war. [![Pop-up Image](/sites/default/files/images/charts/ETFsGain2.6_1.jpg)](/sites/default/files/images/charts/ETFsGain2.6_1b.jpg) (For a larger view, click on the image above) SPY continued to bleed assets by losing $1.9 billion on the week, while the [**iShares Core S&P 500 ETF (IVV)**](https://etf.com/spy) lost $1.1 billion. Three sector-specific ETFs also appeared on the top 10 outflows list despite being well-positioned to benefit from additional inflation pressures stemming from the conflict or the Federal Reserve’s rate hikes. The [**Financial Select Sector SPDR Fund (XLF)**](https://etf.com/xlf) lost $695.5 million, while the [**Energy Select Sector SPDR Fund (XLE)**](https://etf.com/xle) and [**iShares U.S. Real Estate ETF (IYR)**](https://etf.com/iyr) lost $483.5 million and $456.9 million, respectively. Although the investment-grade LQD got plenty of love last week, investors ditched junk and short-term high quality bond funds en masse. The [**iShares iBoxx USD High Yield Corporate Bond ETF (HYG)**](https://etf.com/hyg) lost just shy of $826 million, while the [**SPDR Bloomberg High Yield Bond ETF (JNK)**](https://etf.com/jnk) and the [**Vanguard Short-Term Corporate Bond ETF (VCSH)**](https://etf.com/vcsh) lost almost $600 million and nearly $405 million, respectively. *For a full list of last week’s top inflows and outflows, see the tables below:* Top 10 Creations (All ETFs) TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change[QQQ](https://www.etf.com/QQQ)[Invesco QQQ Trust](https://www.etf.com/QQQ)2,026.92181,466.381.12%[LQD](https://www.etf.com/LQD)[iShares iBoxx USD Investment Grade Corporate Bond ETF](https://www.etf.com/LQD)1,671.6234,085.614.90%[SHV](https://www.etf.com/SHV)[iShares Short Treasury Bond ETF](https://www.etf.com/SHV)1,447.9815,740.629.20%[TQQQ](https://www.etf.com/TQQQ)[ProShares UltraPro QQQ](https://www.etf.com/TQQQ)1,099.1216,315.006.74%[VOO](https://www.etf.com/VOO)[Vanguard S&P 500 ETF](https://www.etf.com/VOO)1,086.07270,943.190.40%[IEF](https://www.etf.com/IEF)[iShares 7-10 Year Treasury Bond ETF](https://www.etf.com/IEF)565.0717,228.513.28%[SMH](https://www.etf.com/SMH)[VanEck Semiconductor ETF](https://www.etf.com/SMH)512.668,867.145.78%[TLT](https://www.etf.com/TLT)[iShares 20+ Year Treasury Bond ETF](https://www.etf.com/TLT)455.0815,816.142.88%[SOXL](https://www.etf.com/SOXL)[Direxion Daily Semiconductor Bull 3X Shares](https://www.etf.com/SOXL)437.615,480.547.98%[VTV](https://www.etf.com/VTV)[Vanguard Value ETF](https://www.etf.com/VTV)429.9396,315.060.45%Top 10 Redemptions (All ETFs) TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change[GLDM](https://www.etf.com/GLDM)[SPDR Gold MiniShares Trust](https://www.etf.com/GLDM)-2,271.854,630.23-49.07%[SPY](https://www.etf.com/SPY)[SPDR S&P 500 ETF Trust](https://www.etf.com/SPY)-1,972.70384,380.40-0.51%[IVV](https://www.etf.com/IVV)[iShares Core S&P 500 ETF](https://www.etf.com/IVV)-1,152.54311,140.25-0.37%[HYG](https://www.etf.com/HYG)[iShares iBoxx USD High Yield Corporate Bond ETF](https://www.etf.com/HYG)-825.9315,666.83-5.27%[XLF](https://www.etf.com/XLF)[Financial Select Sector SPDR Fund](https://www.etf.com/XLF)-695.5045,944.79-1.51%[JNK](https://www.etf.com/JNK)[SPDR Bloomberg High Yield Bond ETF](https://www.etf.com/JNK)-599.967,048.74-8.51%[XLE](https://www.etf.com/XLE)[Energy Select Sector SPDR Fund](https://www.etf.com/XLE)-483.5434,015.05-1.42%[IYR](https://www.etf.com/IYR)[iShares U.S. Real Estate ETF](https://www.etf.com/IYR)-456.906,335.67-7.21%[IVW](https://www.etf.com/IVW)[iShares S&P 500 Growth ETF](https://www.etf.com/IVW)-429.7033,382.96-1.29%[VCSH](https://www.etf.com/VCSH)[Vanguard Short-Term Corporate Bond ETF](https://www.etf.com/VCSH)-404.9742,162.12-0.96%ETF Weekly Flows By Asset Class Net Flows ($, mm)AUM ($, mm)% of AUM**U.S. Equity**-2,211.893,999,060.24-0.06%**International Equity**2,440.621,242,321.680.20%**U.S. Fixed Income**2,584.281,065,982.390.24%**International Fixed Income**-72.07158,243.36-0.05%**Commodities**-1,548.85156,849.55-0.99%**Currency**-8.983,137.17-0.29%**Leveraged**1,839.4261,547.542.99%**Inverse**-91.9615,325.40-0.60%**Asset Allocation**-128.2119,443.98-0.66%**Alternatives**-132.097,203.48-1.83%**Total:****2,670.27****6,729,114.80****0.04%**Asset Classes (Year-to-Date) Net Flows ($, mm)AUM ($, mm)% of AUM**U.S. Equity**43,004.323,999,060.241.08%**International Equity**34,217.251,242,321.682.75%**U.S. Fixed Income**-5,565.061,065,982.39-0.52%**International Fixed Income**5,087.03158,243.363.21%**Commodities**6,205.86156,849.553.96%**Currency**159.683,137.175.09%**Leveraged**7,212.5861,547.5411.72%**Inverse**2,881.4215,325.4018.80%**Asset Allocation**387.6419,443.981.99%**Alternatives**188.097,203.482.61%**Total:****93,778.81****6,729,114.80****1.39%**Top 10 Weekly Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded TickerNameWeekly PerformanceWeekly VolumeAUM ($, mm)[HAPY](https://www.etf.com/HAPY)[Harbor Corporate Culture Leaders ETF](https://www.etf.com/HAPY)19,906,100.00%165,49442,162.12[BNGE](https://www.etf.com/BNGE)[First Trust S-Network Streaming & Gaming ETF](https://www.etf.com/BNGE)185.43%353,0823.62[GRU](https://www.etf.com/GRU)[ELEMENTS Linked to ICE BofAML Commodity index eXtra Grains - Total Return ETN](https://www.etf.com/GRU)10.94%193,1358.86[DSPC](https://www.etf.com/DSPC)[The De-SPAC ETF](https://www.etf.com/DSPC)9.33%58,7121.41[WEAT](https://www.etf.com/WEAT)[Teucrium Wheat Fund](https://www.etf.com/WEAT)8.61%10,856,652132.37[VCLO](https://www.etf.com/VCLO)[Simplify Volt Cloud and Cybersecurity Disruption ETF](https://www.etf.com/VCLO)7.92%43,10812.71[TAN](https://www.etf.com/TAN)[Invesco Solar ETF](https://www.etf.com/TAN)7.73%3,251,4401,982.33[RAYS](https://www.etf.com/RAYS)[Global X Solar ETF](https://www.etf.com/RAYS)7.20%8,4408.63[ICLN](https://www.etf.com/ICLN)[iShares Global Clean Energy ETF](https://www.etf.com/ICLN)6.90%24,914,8254,721.65[ACES](https://www.etf.com/ACES)[ALPS Clean Energy ETF](https://www.etf.com/ACES)6.42%252,183694.71Top 10 YTD Performers TickerNameYTD PerformanceWeekly PerformanceAUM ($, mm)[GLDM](https://www.etf.com/GLDM)[SPDR Gold MiniShares Trust](https://www.etf.com/GLDM)107.70%0.00%4,630.23[SARK](https://www.etf.com/SARK)[Tuttle Capital Short Innovation ETF](https://www.etf.com/SARK)33.41%-4.14%374.53[RJN](https://www.etf.com/RJN)[Elements Rogers International Commodity Index-Energy TR ETN](https://www.etf.com/RJN)30.68%4.55%7.61[UNG](https://www.etf.com/UNG)[United States Natural Gas Fund LP](https://www.etf.com/UNG)30.42%3.96%347.83[GAZ](https://www.etf.com/GAZ)[iPath Series B Bloomberg Natural Gas Subindex Total Return ETN](https://www.etf.com/GAZ)29.26%3.79%12.11[VXX](https://www.etf.com/VXX)[iPath Series B S&P 500 VIX Short Term Futures ETN](https://www.etf.com/VXX)29.11%2.42%971.70[VIXY](https://www.etf.com/VIXY)[ProShares VIX Short-Term Futures ETF](https://www.etf.com/VIXY)28.68%2.25%368.97[UNL](https://www.etf.com/UNL)[United States 12 Month Natural Gas Fund LP](https://www.etf.com/UNL)28.24%4.26%27.03[OIH](https://www.etf.com/OIH)[VanEck Oil Services ETF](https://www.etf.com/OIH)28.19%0.09%2,795.77[SOGU](https://www.etf.com/SOGU)[The Short De-SPAC ETF](https://www.etf.com/SOGU)27.53%-6.16%28.36Disclaimer: 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. [ Dan Mika ](/contributors/dan-mika) Dan Mika is a reporter for etf.com. He has previously covered business for the Ames Tribune and Cedar Rapids Gazette in Iowa, and BizWest Media in… [View Bio](/contributors/dan-mika) Related Topics [Emerging Markets](http://www.etf.com/topics/emerging-markets) [Russia](http://www.etf.com/topics/russia) [Equity](http://www.etf.com/topics/equity) [Fixed Income](http://www.etf.com/topics/fixed-income) [Blackrock](http://www.etf.com/topics/blackrock)