ETFs Add $74B In November

U.S.-listed ETFs saw a $3 billion month-to-month decline in flows for November.

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Reviewed by: Dan Mika
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Edited by: Dan Mika

The U.S.-listed ETF industry added $74.2 billion in new assets for the month of November, approximately $3 billion off October’s mark, despite having the worst single-day trading session of the year so far.

According to ETF.com data provider FactSet, U.S. ETFs have garnered $799.8 billion in new assets year-to-date, and now manage $7.02 trillion in assets.

Equities Keep Adding, Defensive Plays Gain

U.S. equity ETFs were primarily responsible for the drop in month-to-month flows for the industry, generating $46.6 billion in November versus $51.2 billion last month.

The large broad-market indices continued to lead inflows among ETFs, with the Vanguard Total Stock Market ETF (VTI) adding $5.48 billion in new assets. The Vanguard S&P 500 ETF (VOO) and the iShares Core S&P 500 ETF (IVV) followed, with $4.0 billion and $3.8 billion in inflows, respectively.

But the emergence of the Omicron COVID-19 variant and ongoing inflation fears led to some more defensive ETFs rising toward the top of the inflows table.

The iShares TIPS Bond ETF (TIP) continued its run in the top 10, adding $1.7 billion, while the iShares 7-10 Year Treasury Bond ETF (IEF) gained just shy of $2.1 billion in new assets.

The iShares MSCI USA Quality Factor ETF (QUAL) rode a stunning $3.4 billion inflow on the final day of the month to finish the month with $3.5 billion in new assets overall, reversing what was a $1.4 billion outflow year-to-date. However, it’s not yet clear if the infusion of assets is a heartbeat trade, a result of a rebalance or organic movement from investors.

Small Cap Growth, Energy Loses Assets

The iShares Russell 1000 Growth ETF (IWF) lost the most assets out of any ETF in the month, with $1.4 billion pulled by investors. And the iShares Russell 1000 ETF (IWB) saw a $923 million outflow in the period.

The iShares iBoxx USD High Yield Corporate Bond ETF (HYG) was a close second to IWF, with $1.4 billion in outflows, likely driven in part by the Fed’s announcement that it will begin to taper its emergency corporate bond-buying program over the next few months.

The energy sector also saw outflows as renewed lockdowns in Europe and Omicron’s spread rattled confidence in short-term demand. Near-month crude oil futures started the month close to $84 per barrel, but ended November in the $67.50 range.

The Energy Select Sector SPDR Fund (XLE) lost $1.2 billion, while the SPDR S&P Oil & Gas Exploration & Production ETF (XOP) lost nearly $647.4 million.

Commodity Inflows Jump

Commodity ETFs had their best month since May, adding $1.6 billion in assets compared with $542 million in October. The dominant ETF in the category was SPDR Gold Shares (GLD), which added $673.62 million and broke an outflow streak that began in June.

Far behind in second place was the KraneShares Global Carbon ETF (KRBN), which added just $155 million in assets.

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

 

Top Gainers (November 2021)

TickerNameIssuerNet Flows ($,mm)AUM ($M)% of AUMYTD 2021 Net Flows($,M)
VTIVanguard Total Stock Market ETFVanguard5,479.80289,908.881.89%39,601.38
VOOVanguard S&P 500 ETFVanguard4,053.87275,329.611.47%48,360.32
IVViShares Core S&P 500 ETFBlackrock3,808.23319,589.881.19%24,837.26
QUALiShares MSCI USA Quality Factor ETFBlackrock3,529.1927,850.1012.67%1,991.85
IEFiShares 7-10 Year Treasury Bond ETFBlackrock2,071.7416,515.5612.54%2,282.80
ESGUiShares ESG Aware MSCI USA ETFBlackrock1,867.6725,327.687.37%8,534.69
VEAVanguard FTSE Developed Markets ETFVanguard1,781.82104,540.151.70%11,969.49
TIPiShares TIPS Bond ETFBlackrock1,670.6237,674.584.43%10,845.35
QQQInvesco QQQ TrustInvesco1,658.21210,092.310.79%15,586.50
IEFAiShares Core MSCI EAFE ETFBlackrock1,651.48100,920.991.64%12,159.15

 

Top Gainers (Year-to-Date)

TickerNameIssuerNet Flows ($,mm)AUM ($M)% of AUMNovember 2021 Net Flows($,M)
VOOVanguard S&P 500 ETFVanguard48,360.32275,329.6117.56%4,053.87
VTIVanguard Total Stock Market ETFVanguard39,601.38289,908.8813.66%5,479.80
IVViShares Core S&P 500 ETFBlackrock24,837.26319,589.887.77%3,808.23
BNDVanguard Total Bond Market ETFVanguard17,401.1883,212.0120.91%297.86
QQQInvesco QQQ TrustInvesco15,586.50210,092.317.42%1,658.21
VTVVanguard Value ETFVanguard14,783.1788,956.6116.62%1,232.49
SPYSPDR S&P 500 ETF TrustState Street Global Advisors14,340.92422,294.823.40%-77.19
BSVVanguard Short-Term Bond ETFVanguard13,427.3342,319.5031.73%-258.92
IEFAiShares Core MSCI EAFE ETFBlackrock12,159.15100,920.9912.05%1,651.48
VEAVanguard FTSE Developed Markets ETFVanguard11,969.49104,540.1511.45%1,781.82

 

Biggest Losers (November 2021)

TickerNameIssuerNet Flows ($,mm)AUM ($M)% of AUMYTD 2021 Net Flows($,M)
IWFiShares Russell 1000 Growth ETFBlackrock-1,441.6276,221.31-1.89%-3,154.93
HYGiShares iBoxx USD High Yield Corporate Bond ETFBlackrock-1,362.0218,414.74-7.40%-7,077.63
XLEEnergy Select Sector SPDR FundState Street Global Advisors-1,220.1025,890.70-4.71%4,819.45
SDYSPDR S&P Dividend ETFState Street Global Advisors-1,024.1119,923.22-5.14%-54.96
IWBiShares Russell 1000 ETFBlackrock-923.1930,821.03-3.00%-638.43
AAXJiShares MSCI All Country Asia ex Japan ETFBlackrock-830.804,235.70-19.61%-1,253.31
XLFFinancial Select Sector SPDR FundState Street Global Advisors-752.3643,051.24-1.75%8,884.11
XOPSPDR S&P Oil & Gas Exploration & Production ETFState Street Global Advisors-647.383,275.26-19.77%-651.74
SCHRSchwab Intermediate-Term U.S. Treasury ETFCharles Schwab-643.343,416.63-18.83%-454.03
ARKGARK Genomic Revolution ETFARK-638.625,542.97-11.52%1,426.57

 

Biggest Losers (Year-to-Date)

TickerNameIssuerNet Flows ($,mm)AUM ($M)% of AUMNovember 2021 Net Flows($,M)
LQDiShares iBoxx USD Investment Grade Corporate Bond ETFBlackrock-15,559.8637,619.61-41.36%-52.86
GLDSPDR Gold TrustState Street Global Advisors-9,808.8456,991.23-17.21%673.63
HYGiShares iBoxx USD High Yield Corporate Bond ETFBlackrock-7,077.6318,414.74-38.43%-1,362.02
USMViShares MSCI USA Min Vol Factor ETFBlackrock-6,468.7630,454.62-21.24%1,500.73
SHViShares Short Treasury Bond ETFBlackrock-4,739.1113,081.54-36.23%-538.92
JNKSPDR Bloomberg High Yield Bond ETFState Street Global Advisors-3,426.758,967.93-38.21%564.92
IWFiShares Russell 1000 Growth ETFBlackrock-3,154.9376,221.31-4.14%-1,441.62
EFAViShares MSCI EAFE Min Vol Factor ETFBlackrock-2,859.118,016.67-35.66%-131.04
USOUnited States Oil Fund LPConcierge Technologies-2,569.722,470.25-104.03%51.59
EWYiShares MSCI South Korea ETFBlackrock-2,082.114,648.38-44.79%-632.47

 

Asset Classes (November 2021)

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity46,602.324,230,556.121.10%
International Equity10,772.721,279,414.470.84%
U.S. Fixed Income12,227.681,105,109.071.11%
International Fixed Income1,337.15149,840.020.89%
Commodities1,604.80139,129.821.15%
Currency457.843,356.2013.64%
Leveraged727.8274,218.710.98%
Inverse6.5112,052.840.05%
Asset Allocation491.8919,867.512.48%
Alternatives-2.327,082.09-0.03%
Total:74,226.427,020,626.881.06%

 

Asset Classes (Year-to-Date)

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity404,303.694,230,556.129.56%
International Equity192,424.791,279,414.4715.04%
U.S. Fixed Income155,492.631,105,109.0714.07%
International Fixed Income31,062.77149,840.0220.73%
Commodities-1,891.41139,129.82-1.36%
Currency1,821.413,356.2054.27%
Leveraged2,087.8974,218.712.81%
Inverse6,194.8612,052.8451.40%
Asset Allocation5,139.6119,867.5125.87%
Alternatives3,164.077,082.0944.68%
Total:799,800.317,020,626.8811.39%

 

November 2021 ETF Issuer League Table

IssuerNet Flows ($,M)AUM ($,M)% of AUMYTD 2021 Net Flows($,M)
Blackrock27,909.242,407,185.231.16%179,479.34
Vanguard25,147.632,029,594.241.24%300,182.15
State Street Global Advisors4,288.321,059,547.850.40%66,798.70
Invesco3,148.90404,045.180.78%47,438.66
Charles Schwab1,281.17264,760.160.48%37,696.67
First Trust2,205.50147,668.841.49%23,235.97
JPMorgan Chase431.1969,665.920.62%21,296.67
ProShares1,521.2569,576.892.19%10,771.17
VanEck128.7762,089.810.21%8,471.37
WisdomTree188.6746,580.700.41%4,420.96
Mirae Asset Global Investments Co., Ltd.1,763.9242,600.784.14%19,301.77
ARK-1,457.6335,512.76-4.10%10,001.17
Dimensional Holdings697.0934,654.862.01%3,814.85
Fidelity506.3433,250.781.52%4,551.58
Direxion159.0628,564.460.56%649.74
Allianz-95.2327,109.99-0.35%1,180.53
Goldman Sachs341.6526,619.321.28%1,470.18
DWS-198.0823,265.35-0.85%1,851.24
Northern Trust496.7819,561.812.54%3,475.22
CICC774.6715,590.544.97%12,069.13
Franklin Templeton91.049,656.810.94%648.30
Pacer Advisors259.409,513.742.73%2,672.50
American Century Investments460.479,064.575.08%4,446.67
SS&C63.948,885.810.72%260.51
Nuveen Securities1,793.938,564.9120.95%5,316.88
Exchange Traded Concepts161.628,191.321.97%2,473.30
Crestview196.817,078.672.78%1,437.69
Abrdn Plc33.266,752.710.49%880.01
ETFMG-77.316,447.97-1.20%1,265.00
Innovator-16.875,829.54-0.29%1,382.37
Manulife30.485,286.920.58%-496.70
Principal-1,045.145,237.72-19.95%822.41
Amplify Investments259.695,077.265.11%1,673.19
 79.804,571.211.75%202.30
Janus Henderson70.774,543.051.56%568.68
New York Life-9.144,535.39-0.20%427.87
The Hartford20.064,181.570.48%349.28
Concierge Technologies154.373,977.963.88%-2,747.07
BMO0.003,964.690.00%710.66
US Global Investors184.393,369.685.47%774.47
Barclays-145.153,352.53-4.33%1,680.20
Toroso Investments124.792,847.334.38%1,119.70
AdvisorShares488.072,441.9819.99%1,896.28
Prudential39.462,130.211.85%803.26
Aptus Capital Advisors59.391,721.503.45%668.19
Ameriprise Financial25.431,703.911.49%463.52
Defiance ETFs7.531,686.560.45%453.08
O’Shares Investments-8.041,513.09-0.53%-59.25
Vident-5.321,465.85-0.36%-40.24
Virtus Investment Partners54.361,398.773.89%436.78
Rational Capital LLC72.541,395.625.20%1,154.06
GraniteShares1.551,395.590.11%50.77
UBS32.431,299.222.50%-40.25
Nationwide76.701,225.156.26%673.56
Davis Advisers-2.951,223.12-0.24%105.53
Roundhill Investments640.651,214.0252.77%983.58
Cambria22.051,143.871.93%291.49
Main Management43.561,136.423.83%307.64
Inspire21.131,127.421.87%272.70
The Bank of New York Mellon Corp.-11.131,122.10-0.99%513.17
EMPIRICAL FINANCE LLC30.291,068.102.84%329.42
Credit Suisse Group AG34.061,064.043.20%309.54
Simplify Asset Management Inc.99.53939.3310.60%753.81
Horizon Kinetics LLC36.15898.644.02%858.56
Aegon-1.24810.38-0.15%-47.14
The Motley Fool6.62733.010.90%83.82
Howard Capital Management43.39694.816.25%270.51
Merk16.04586.572.74%172.06
T. Rowe Price Group, Inc.28.27574.034.93%292.58
Timothy Plan5.60525.321.07%58.79
Redwood Investment Management14.93524.472.85%61.49
Tortoise4.95511.250.97%4.47
Distillate Capital44.25505.098.76%227.84
Renaissance Capital-16.35487.30-3.36%-254.24
TrimTabs-0.74465.49-0.16%38.14
Liquid Strategies14.25460.203.10%131.32
Cavalier1680.07458.5017.46%134.21
SRN Advisors5.41388.081.39%60.29
Donald L. Hagan LLC31.06382.038.13%190.85
Regents Park Funds0.00378.620.00%96.92
ClearShares LLC6.67368.281.81%116.08
Sprott-3.14347.62-0.90%14.76
Little Harbor Advisors22.78347.326.56%269.07
ProFund Advisors LLC1.75322.950.54%387.53
Al Marketing LLC-12.45317.71-3.92%-74.70
Government of Sweden6.81301.072.26%-4.87
Teucrium-1.71292.54-0.59%-110.18
WBI-2.93282.64-1.04%-9.72
Engine No. 1 LLC23.26260.758.92%239.98
Core Alternative Capital4.41242.461.82%97.32
TrueMark Investments15.81205.947.68%120.19
Syntax Advisors1.77200.790.88%51.53
Intangible Capital-0.02198.41-0.01%5.00
Mcivy Co. LLC-2.89187.15-1.54%128.23
Impact Shares4.53183.432.47%138.06
Advisors Asset Management24.16179.0513.49%132.80
Wahed8.26168.264.91%76.58
Capital Impact Advisors-10.87164.38-6.62%-17.91
Tuttle Tactical Management, LLC18.49147.5012.53%4.75
Swan Global Investments11.60146.917.90%136.08
Arrow Funds-6.12130.26-4.70%-0.13
Wainwright, Inc.1.49124.691.19%108.12
Gadsden1.29122.411.06%21.99
ProcureAM6.15116.865.26%72.53
Kingsview Partners LLC2.12113.731.87%104.30
Change Finance6.99108.836.42%64.01
Humankind USA LLC0.03105.860.03%94.55
CornerCap Investment Counsel, Inc.1.59105.661.51%29.65
AGF-3.33105.66-3.15%-16.94
Pettee Investors2.0394.362.15%36.54
Emles Advisors LLC0.7391.500.80%28.80
Neil Azous Revocable Trust-0.7386.70-0.85%66.27
Exponential ETFs0.0082.070.00%-0.27
Beyond Investing2.1573.302.93%24.91
Metaurus Advisors0.0167.780.02%6.66
Groupe BPCE0.0067.080.00%11.22
GeaSphere LLC18.5766.3428.00%65.33
Truist32.7760.5354.13%37.46
Alger Group Holdings LLC4.5660.327.56%49.83
Valkyrie Funds LLC9.8058.8416.65%63.08
Toews Corp.2.4856.904.37%8.01
Guinness Atkinson Asset Management1.2355.702.21%14.95
Absolute Investment Advisers LLC0.6953.801.29%12.62
Oneascent Holdings LLC50.4351.0098.88%50.43
Charger Corp.22.4149.2545.51%48.61
Alexis Investment Partners LLC2.1548.904.39%29.49
Esoterica0.0248.850.04%17.78
ETF Series Solutions4.5444.6810.16%12.67
Infusive Asset Management0.0042.480.00%6.84
Rayliant Investment Research1.9042.064.51%42.59
Formidable Asset Management1.9042.064.51%41.56
Inverdale Capital Management LLC5.6641.8813.52%35.36
Premise Capital0.0040.750.00%-14.10
2nd Vote Value Investments, Inc0.8840.642.17%31.29
New Age Alpha Advisors LLC5.5539.7713.95%35.95
Power Corporation of Canada2.0638.985.29%6.78
Red Gate Advisers LLC0.2838.290.73%6.38
Highland Capital Management-0.0138.21-0.02%-14.61
Pacific Life-1.9634.76-5.64%5.37
Ridgeline Research LLC1.7633.095.30%27.33
Uncommon Investment Advisors LLC2.1331.326.79%29.97
AlphaMark Advisors0.0026.090.00%-1.41
Cabot ETF Partners LLC-0.6225.29-2.47%31.71
Knights of Columbus0.0023.250.00%23.13
Cohanzick Management12.2422.7853.72%22.44
ASYMmetric ETFs3.4621.6815.95%20.69
Mairs & Power, Inc.0.0018.570.00%18.55
Future Fund Advisors4.8817.3628.13%17.47
The Leuthold Group LLC0.7817.224.52%2.96
Changebridge Capital LLC0.0016.980.00%10.96
MCCM Group LLC-1.3916.32-8.53%28.58
GAMCO Investors, Inc.0.1415.350.94%7.99
Point Bridge Capital0.0013.380.00%0.97
Water Island Capital Partners LP0.7812.106.44%2.17
EquBot0.0011.210.00%4.82
Counterpoint Mutual Funds LLC1.2010.1011.87%-2.41
Alternative Access Funds LLC0.0010.030.00%0.00
Grace Partners of Dupage LP10.009.99100.12%10.00
Whitford Asset Management0.009.780.00%5.85
Applied Finance Group0.699.597.18%8.03
Reflection Asset Management, LLC2.219.5323.19%6.37
Jacob Asset Management0.007.420.00%7.47
Spear Advisors LLC0.565.1011.06%4.62
Global Beta Advisors0.005.060.00%-2.97
Retireful LLC3.165.0262.94%3.16
Banhazl0.244.625.25%1.58
Zacks Investment Management1.954.6142.25%4.55
Lifegoal Investments LLC0.753.9418.95%2.73
Lyrical Partners0.673.2420.69%2.57
Democracy Investment Management LLC-0.673.17-21.11%2.61
Wilshire Phoenix Funds LLC0.001.770.00%0.00
Chadds Ford Investment Management LLC0.000.730.00%0.75
Inherent Wealth Fund LLC0.300.26113.81%0.30
Litman Gregory Capital Partners LLC0.000.000.00%20.26
RBS Securities0.000.000.00%0.00
Eaton Vance Corp.0.000.000.00%0.00

 

Disclaimer: 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 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 Fort Collins, Colorado. Dan holds a bachelor's degree in journalism from Truman State University.