## [# Big Outflows Yank GLD From Top 10 ETF List](/sections/top-10-biggest-etfs/big-outflows-yank-gld-top-10-etf-list)
# Big Outflows Yank GLD From Top 10 ETF List
As the economic recovery crawls forward, the world’s biggest gold ETF keeps losing assets.
[](/contributors/olly-ludwig)
[By Olly Ludwig](/contributors/olly-ludwig)
Jun 02, 2015
Edited by: Olly Ludwig
Share Email LinkedIn Facebook X (Twitter)
googletag.cmd.push(function() {
googletag.display('js-dfp-tag-article_page_302x26');
});
Loading
[SPDR Gold Shares (GLD | A-100)](https://www.etf.com/GLD), the world’s biggest gold ETF, fell off the list of the world’s 10 biggest ETFs in May, on outflows of $902 million, or more than 3 percent of its total assets. The flows are a reflection of the slow, if uneven, economic recovery in the U.S.
GLD, which ended the month with $27.4 billion, has lost about two-thirds of its assets since they peaked in August 2011 at $77.5 billion. The fund at that time was[ the biggest ETF in the world](https://www.etf.com/sections/features/9724-gld-for-a-blip-was-worlds-biggest-etf.html). That two-day milestone followed by about two weeks S&P’s historic downgrade of U.S. debt. Shrewd investors could have judged that moment as the formation of a top.
About two weeks later, on Sept. 6, 2011, gold prices reached a cycle high of $1,921. Fast-forward nearly four years and GLD is the 11th-biggest ETF. In that nearly four-year period, the price of gold has tumbled in the past few years by more than a third to around $1,185 an ounce. In May, it was gently lower and it’s essentially unchanged on the year.
The fund that took the No. 10 spot away from GLD was the [Vanguard FTSE Developed Markets ETF (VEA | A-94)](https://www.etf.com/VEA). That fund is a perfect emblem of the broader shift in asset flows this year toward international and away from U.S. stocks, as the [May ETF flows report](https://www.etf.com/sections/monthly-etf-flows/intl-equity-etfs-lead-may-2015-flows) clearly showed.
**ETF Giants May 2015**
TickerFundIssuerFlowsAUM ($M)TurnoverSPYSPDR S&P 500SSgA792.74176,955.64411,708.26IVViShares Core S&P 500BlackRock74.1570,457.0113,212.69EFAiShares MSCI EAFEBlackRock1,501.8461,593.4723,917.90VTIVanguard Total Stock MarketVanguard356.9457,034.524,925.62VWOVanguard FTSE Emerging MarketsVanguard262.5448,698.948,728.98QQQPowerShares QQQInvesco PowerShares-1,370.7339,007.9557,952.22VOOVanguard S&P 500Vanguard767.4432,570.195,151.37EEMiShares MSCI Emerging MarketsBlackRock-18.7231,904.1536,476.31IWFiShares Russell 1000 GrowthBlackRock559.2629,940.573,095.83VEAVanguard FTSE Developed MarketsVanguard671.3828,106.443,041.06**ETF Giants April 2015**
TickerFundIssuerFlowsAUM ($M)TurnoverSPYSPDR S&P 500SSgA-13,166.99173,943.78443,639.54IVViShares Core S&P 500BlackRock94.0369,491.8314,011.45EFAiShares MSCI EAFEBlackRock633.4360,414.7023,302.66VTIVanguard Total Stock MarketVanguard933.2555,907.296,394.84VWOVanguard FTSE Emerging MarketsVanguard196.5050,132.1710,547.42QQQPowerShares QQQInvesco PowerShares198.0139,499.3263,290.03VOOVanguard S&P 500Vanguard1,434.5033,289.5446,531.17EEMiShares MSCI Emerging MarketsBlackRock476.6131,403.696,132.8631IWFiShares Russell 1000 GrowthBlackRock-309.9228,980.934,358.26GLDSPDR GoldSSgA89.8328,044.7912,714.85
[ Olly Ludwig Managing Editor ](/contributors/olly-ludwig)
Olly Ludwig is the former managing editor of etf.com. Previously, he was a financial advisor at Morgan Stanley Smith Barney and an editor at Bloomberg… [View Bio](/contributors/olly-ludwig)
Related Topics [Broad-based](http://www.etf.com/topics/broad-based)
[Commodities](http://www.etf.com/topics/commodities)
[Developed Markets](http://www.etf.com/topics/developed-markets)
[Developed Markets Ex-U.S.](http://www.etf.com/topics/developed-markets-ex-us)
[Equity](http://www.etf.com/topics/equity)