May ETF Inflows Total $35.3B

The tech ETF VGT was in heavy demand during the month.

Sumit Roy

Senior ETF Analyst

Jun 02, 2023

Reviewed by: Lisa Barr

Edited by: Lisa Barr

View Bio

Top Gainers (May 2023)

Ticker	Name	Issuer	Net Flows ($,mm)	AUM ($M)	% of AUM	YTD 2023 Net Flows($,M)
SPY	SPDR S&P 500 ETF Trust	State Street Global Advisors	11,519.03	395,791.70	2.91%	4,118.55
VGT	Vanguard Information Technology ETF	Vanguard	7,163.93	57,655.70	12.43%	5,923.86
TLT	iShares 20+ Year Treasury Bond ETF	Blackrock	3,362.73	38,088.33	8.83%	10,783.00
AGG	iShares Core U.S. Aggregate Bond ETF	Blackrock	3,236.97	90,880.94	3.56%	7,383.29
QQQ	Invesco QQQ Trust	Invesco	2,363.83	188,286.85	1.26%	-1,789.14
VTI	Vanguard Total Stock Market ETF	Vanguard	2,035.87	290,435.17	0.70%	5,806.59
VOO	Vanguard 500 Index Fund	Vanguard	1,900.51	297,895.72	0.64%	9,494.04
VGSH	Vanguard Short-Term Treasury Index Fund	Vanguard	1,680.16	22,472.04	7.48%	4,041.52
JEPI	JPMorgan Equity Premium Income ETF	JPMorgan Chase	1,427.44	26,020.85	5.49%	8,831.47
XLV	Health Care Select Sector SPDR Fund	State Street Global Advisors	1,347.60	38,991.43	3.46%	-206.44

Top Gainers (Year-to-Date)

Ticker	Name	Issuer	Net Flows ($,mm)	AUM ($M)	% of AUM	May 2023 Net Flows($,M)
TLT	iShares 20+ Year Treasury Bond ETF	Blackrock	10,783.00	38,088.33	28.31%	3,362.73
QUAL	iShares MSCI USA Quality Factor ETF	Blackrock	9,524.63	29,918.67	31.84%	883.76
VOO	Vanguard 500 Index Fund	Vanguard	9,494.04	297,895.72	3.19%	1,900.51
JEPI	JPMorgan Equity Premium Income ETF	JPMorgan Chase	8,831.47	26,020.85	33.94%	1,427.44
AGG	iShares Core U.S. Aggregate Bond ETF	Blackrock	7,383.29	90,880.94	8.12%	3,236.97
BND	Vanguard Total Bond Market ETF	Vanguard	6,208.02	92,152.22	6.74%	1,171.80
VGT	Vanguard Information Technology ETF	Vanguard	5,923.86	57,655.70	10.27%	7,163.93
VTI	Vanguard Total Stock Market ETF	Vanguard	5,806.59	290,435.17	2.00%	2,035.87
BBEU	JPMorgan BetaBuilders Europe ETF	JPMorgan Chase	5,707.64	9,234.72	61.81%	0.00
IEF	iShares 7-10 Year Treasury Bond ETF	Blackrock	4,922.39	28,157.82	17.48%	296.20

Biggest Losers (May 2023)

Ticker	Name	Issuer	Net Flows ($,mm)	AUM ($M)	% of AUM	YTD 2023 Net Flows($,M)
SHV	iShares Short Treasury Bond ETF	Blackrock	-3,808.59	19,668.20	-19.36%	-761.71
VTV	Vanguard Value ETF	Vanguard	-3,749.92	94,849.73	-3.95%	-769.24
IVV	iShares Core S&P 500 ETF	Blackrock	-2,667.11	312,198.63	-0.85%	-5,454.94
XLF	Financial Select Sector SPDR Fund	State Street Global Advisors	-2,227.11	28,889.74	-7.71%	-355.21
XLE	Energy Select Sector SPDR Fund	State Street Global Advisors	-1,396.70	33,821.55	-4.13%	-2,649.45
VCSH	Vanguard Short-Term Corporate Bond ETF	Vanguard	-1,078.99	35,491.43	-3.04%	-5,516.83
SOXL	Direxion Daily Semiconductor Bull 3X Shares	Direxion	-1,042.92	6,661.43	-15.66%	-1,570.64
TQQQ	ProShares UltraPro QQQ	ProShares	-1,035.56	15,705.65	-6.59%	-3,833.50
JNK	SPDR Bloomberg High Yield Bond ETF	State Street Global Advisors	-907.35	7,962.58	-11.40%	-1,581.24
VYM	Vanguard High Dividend Yield ETF	Vanguard	-718.13	46,823.13	-1.53%	-509.93

Biggest Losers (Year-to-Date)

Ticker	Name	Issuer	Net Flows ($,mm)	AUM ($M)	% of AUM	May 2023 Net Flows($,M)
ESGU	iShares ESG Aware MSCI USA ETF	Blackrock	-7,418.27	13,516.55	-54.88%	-223.00
VCSH	Vanguard Short-Term Corporate Bond ETF	Vanguard	-5,516.83	35,491.43	-15.54%	-1,078.99
IVV	iShares Core S&P 500 ETF	Blackrock	-5,454.94	312,198.63	-1.75%	-2,667.11
IWD	iShares Russell 1000 Value ETF	Blackrock	-5,176.50	48,474.53	-10.68%	-349.75
IWF	iShares Russell 1000 Growth ETF	Blackrock	-4,623.85	66,703.13	-6.93%	-126.57
EEMV	iShares MSCI Emerging Markets Min Vol Factor ETF	Blackrock	-3,843.55	4,597.53	-83.60%	-78.35
TQQQ	ProShares UltraPro QQQ	ProShares	-3,833.50	15,705.65	-24.41%	-1,035.56
IWM	iShares Russell 2000 ETF	Blackrock	-3,348.84	49,393.29	-6.78%	175.08
ACWI	iShares MSCI ACWI ETF	Blackrock	-2,736.39	16,961.80	-16.13%	-571.19
XLE	Energy Select Sector SPDR Fund	State Street Global Advisors	-2,649.45	33,821.55	-7.83%	-1,396.70

Asset Classes (May 2023)

	Net Flows ($, mm)	AUM ($, mm)	% of AUM
U.S. Equity	15,502.59	4,112,754.41	0.38%
International Equity	5,993.22	1,247,246.72	0.48%
U.S. Fixed Income	13,327.98	1,240,767.88	1.07%
International Fixed Income	797.04	147,621.96	0.54%
Commodities	1,009.79	135,132.75	0.75%
Currency	-301.71	3,118.14	-9.68%
Leveraged	-1,515.91	62,363.63	-2.43%
Inverse	522.59	21,794.07	2.40%
Asset Allocation	-140.55	15,587.93	-0.90%
Alternatives	80.56	7,195.94	1.12%
Total:	35,275.60	6,993,583.43	0.50%

Asset Classes (Year-to-Date)

	Net Flows ($, mm)	AUM ($, mm)	% of AUM
U.S. Equity	22,185.58	4,112,754.41	0.54%
International Equity	37,855.88	1,247,246.72	3.04%
U.S. Fixed Income	74,852.96	1,240,767.88	6.03%
International Fixed Income	8,038.18	147,621.96	5.45%
Commodities	843.46	135,132.75	0.62%
Currency	-879.15	3,118.14	-28.19%
Leveraged	626.59	62,363.63	1.00%
Inverse	5,675.54	21,794.07	26.04%
Asset Allocation	-2,398.57	15,587.93	-15.39%
Alternatives	4.15	7,195.94	0.06%
Total:	146,804.63	6,993,583.43	2.10%

May 2023 ETF Issuer League Table

Issuer	Net Flows ($,M)	AUM ($,M)	% of AUM	YTD 2023 Net Flows($,M)
Blackrock	-678.59	2,305,517.80	-0.03%	3,307.70
Vanguard	12,940.20	2,038,600.50	0.63%	47,706.79
State Street Global Advisors	8,417.20	1,036,067.31	0.81%	6,793.91
Invesco	1,740.52	374,247.68	0.47%	1,228.61
Charles Schwab	1,188.84	281,123.82	0.42%	12,694.30
First Trust	-414.46	136,334.73	-0.30%	1,607.74
JPMorgan Chase	2,759.09	112,394.22	2.45%	20,759.55
Dimensional	2,021.69	86,140.34	2.35%	11,518.59
ProShares	-1,263.94	64,544.05	-1.96%	2,621.17
VanEck	853.02	57,214.50	1.49%	673.60
WisdomTree	842.84	54,504.02	1.55%	3,745.39
Mirae Asset Global Investments Co., Ltd.	466.82	36,539.49	1.28%	1,274.68
Fidelity	1,235.42	34,873.33	3.54%	2,103.53
Goldman Sachs	11.72	28,606.99	0.04%	1,066.24
Direxion	103.74	28,409.48	0.37%	2,213.01
American Century Investments	1,137.47	24,160.69	4.71%	4,882.62
Pacer Advisors	118.62	23,263.36	0.51%	4,078.56
PIMCO	482.67	21,237.30	2.27%	-396.81
Northern Trust	144.89	20,387.86	0.71%	155.38
DWS	42.08	19,809.59	0.21%	674.19
Innovator	226.51	13,608.13	1.66%	1,816.61
ARK	172.43	13,207.34	1.31%	-293.01
Franklin Templeton	224.82	11,673.25	1.93%	1,335.38
SS&C	-142.45	10,341.86	-1.38%	-196.74
Capital Group	539.30	9,330.75	5.78%	2,789.92
Nuveen Securities	494.32	8,334.84	5.93%	689.62
WisdomTree Investments, Inc.	21.63	7,614.94	0.28%	429.34
Victory Capital	-85.43	7,602.03	-1.12%	-199.47
CICC	-378.33	7,571.11	-5.00%	-1,116.56
Janus Henderson	478.36	7,027.38	6.81%	1,428.73
Abrdn Plc	76.30	6,277.74	1.22%	285.65
John Hancock	38.39	5,242.23	0.73%	172.27
Prudential	340.70	5,101.40	6.68%	899.27
BMO	73.64	4,732.43	1.56%	451.26
Exchange Traded Concepts	-51.92	4,576.45	-1.13%	-236.10
Amplify Investments	12.02	4,284.96	0.28%	387.28
New York Life	59.12	4,009.39	1.47%	-56.57
The Hartford	50.89	4,004.81	1.27%	115.90
Alpha Architect	118.41	3,750.07	3.16%	673.91
ETFMG	-22.30	3,642.22	-0.61%	-70.87
Marygold	200.73	3,529.51	5.69%	809.45
Tidal	54.26	3,359.81	1.61%	461.06
BNY Mellon	-562.42	3,221.62	-17.46%	1,741.43
Principal	23.81	2,468.21	0.96%	130.98
Cambria	-17.03	1,815.60	-0.94%	87.53
US Global Investors	-91.45	1,795.73	-5.09%	-430.01
Aptus Capital Advisors	-59.81	1,709.43	-3.50%	-139.00
Barclays Capital Inc.	-149.32	1,585.31	-9.42%	-41.12
Renaissance Health Service Corp.	262.34	1,569.70	16.71%	1,161.75
Power Corporation of Canada	-0.54	1,545.57	-0.03%	1,356.37
Main Management	49.39	1,535.75	3.22%	179.84
Bondbloxx Investment Management LLC	295.39	1,510.78	19.55%	965.45
Columbia Management Investment Advisers, LLC	69.62	1,465.83	4.75%	131.97
Simplify	62.94	1,436.98	4.38%	-13.23
GraniteShares	27.54	1,358.36	2.03%	23.66
Vident	0.00	1,349.99	0.00%	-43.17
Virtus Investment Partners	21.45	1,306.19	1.64%	64.92
Sprott, Inc.	-7.92	1,208.65	-0.66%	85.71
Inspire Investing LLC	29.05	1,192.25	2.44%	93.55
The Motley Fool	-8.39	1,162.82	-0.72%	-34.96
Horizon Kinetics	-24.31	1,104.21	-2.20%	-95.31
Strategy Shares	-24.22	1,102.08	-2.20%	-104.21
AdvisorShares	26.38	1,063.09	2.48%	1.22
UBS	-33.84	1,056.71	-3.20%	-182.16
Distillate Capital	14.17	1,055.51	1.34%	93.74
T. Rowe Price Group, Inc.	13.04	1,023.74	1.27%	95.20
ORIX	46.36	959.51	4.83%	290.67
Davis Advisers	-6.20	898.39	-0.69%	7.89
AXS Investments	20.17	879.00	2.29%	331.96
Defiance ETFs	-28.34	874.72	-3.24%	-92.21
Focus Financial Partners	-0.03	816.13	0.00%	166.34
Litman Gregory Capital Partners LLC	-6.16	740.33	-0.83%	-138.97
Timothy Plan	0.09	713.77	0.01%	80.16
Equitable	173.13	711.61	24.33%	407.80
Redwood	1.50	667.46	0.23%	-39.00
Roundhill Investments	-0.53	642.47	-0.08%	-29.41
Engine No. 1	12.54	574.18	2.18%	72.89
Howard Capital Management	1.69	548.95	0.31%	-5.08
Credit Suisse Group AG	11.55	543.49	2.13%	-31.97
Tortoise	-32.94	521.27	-6.32%	-94.18
Advisors Asset Management	12.85	515.78	2.49%	100.82
Day Hagan Asset Management	12.86	500.05	2.57%	-12.11
ClearShares LLC	-16.46	499.60	-3.29%	7.38
Nationwide	-13.00	494.93	-2.63%	-76.87
Anfield Group	-1.09	458.90	-0.24%	-11.04
Doubleline ETF Adviser LP	8.39	448.51	1.87%	146.27
Core Alternative Capital	-36.54	435.53	-8.39%	-93.34
Aptus Holdings LLC	62.67	413.42	15.16%	179.91
Teucrium	-47.62	407.65	-11.68%	-127.95
AGF	6.43	387.23	1.66%	19.48
Liquid Strategies	8.04	383.87	2.09%	-36.96
FCF Advisors	0.64	374.64	0.17%	45.21
Envestnet	344.92	344.62	100.09%	344.92
Neuberger Berman	-7.97	299.40	-2.66%	81.76
Morgan Stanley	25.29	298.65	8.47%	64.51
Wahed Invest LLC	6.98	287.29	2.43%	33.81
Adaptive Investments	2.26	284.77	0.79%	16.87
Retireful LLC	-11.70	277.24	-4.22%	-37.05
Oneascent Holdings LLC	1.67	267.90	0.62%	18.53
Cary Street Partners Financial LLC /VA/	6.94	235.78	2.94%	44.76
Western & Southern Mutual Holding Co.	0.00	216.92	0.00%	1.25
Matthews International Capital Management	26.10	213.59	12.22%	106.81
Volatility Shares LLC	9.73	204.55	4.76%	126.56
WBI	-3.74	201.68	-1.85%	-9.83
Truemark Group	11.24	200.17	5.62%	-0.87
AmeriLife	-4.30	199.15	-2.16%	-23.36
Impact Shares	0.70	190.01	0.37%	12.49
Syntax	0.00	181.70	0.00%	-4.29
Little Harbor Advisors	-7.09	181.58	-3.90%	-50.05
Stf Management LP	0.52	165.92	0.31%	-13.04
CI Financial	-1.98	162.83	-1.22%	-2.80
CornerCap Investment Counsel, Inc.	6.85	156.35	4.38%	16.34
Truist	-0.58	153.72	-0.38%	-0.48
Renaissance Capital	7.47	151.40	4.93%	-6.24
Kingsview Partners LLC	-0.64	150.31	-0.42%	-28.69
Summit Global Investments, LLC	26.15	143.86	18.17%	142.98
Rayliant	0.22	131.52	0.16%	7.63
SRN Advisors	-5.55	128.62	-4.32%	-17.81
Intangible Capital	0.01	125.99	0.01%	-7.87
Thrivent Financial for Lutherans	1.32	125.37	1.05%	54.92
Neos Investments LLC	63.19	125.25	50.45%	117.11
Swan Global Investments	3.53	125.00	2.82%	-8.47
Humankind USA LLC	0.01	124.67	0.00%	-1.41
Neil Azous Revocable Trust	-5.83	114.40	-5.09%	-4.12
OBP Capital LLC	-1.45	112.98	-1.28%	3.60
Federated Hermes, Inc.	3.89	107.31	3.62%	37.45
Paralel Technologies LLC	2.75	107.06	2.57%	5.53
IronHorse Holdings	-1.32	105.86	-1.25%	4.57
Soundwatch Capital LLC	-0.57	103.79	-0.55%	-1.18
Baird Financial Group	-0.60	100.31	-0.60%	6.70
Thor Trading Advisors LLC	-11.76	99.41	-11.83%	14.12
Arrow Funds	-8.11	97.59	-8.31%	-17.08
Absolute Investment Advisers LLC	0.00	92.10	0.00%	5.67
Angel Oak Capital Advisors, LLC	6.05	89.72	6.74%	14.12
Toews Corp.	-2.49	86.69	-2.87%	1.04
Natixis	5.45	84.10	6.48%	16.89
First Manhattan Co.	-0.22	75.52	-0.29%	-0.29
Inverdale Capital Management LLC	0.00	72.62	0.00%	4.97
SEI Investments	2.52	71.34	3.54%	6.30
Panagram Structured Asset Management, LLC	2.51	70.28	3.57%	70.62
Beyond Investing	-1.72	68.55	-2.50%	-1.72
Exponential ETFs	0.00	68.23	0.00%	-0.06
Pettee Investors	3.12	66.99	4.65%	9.31
AB Holding	0.00	66.31	0.00%	0.00
The Leuthold Group LLC	-0.74	64.20	-1.16%	2.24
Cohanzick Management	-3.38	64.18	-5.27%	0.56
Alexis Investment Partners LLC	0.48	63.57	0.75%	9.16
EntrepreneurShares, LLC	0.00	63.31	0.00%	6.05
Water Island Capital	-1.16	61.95	-1.87%	-23.72
Clockwise Capital LLC	0.48	60.56	0.80%	13.02
Q3 Asset Management Corp.	0.51	56.57	0.89%	5.10
Formidable Asset Management	1.78	56.01	3.19%	3.54
GeaSphere LLC	0.00	49.98	0.00%	-6.75
Logan Capital Management Inc.	0.00	49.46	0.00%	0.82
Goose Hollow Capital Management LLC	8.99	48.84	18.41%	23.84
ProcureAM	-0.47	48.77	-0.96%	-5.32
Guinness Atkinson Asset Management	2.97	48.57	6.12%	3.99
Client First Investment Management LLC	-0.93	46.95	-1.98%	32.34
2nd Vote Value Investments, Inc	-2.30	46.21	-4.97%	1.65
Cambiar Holdings	-0.45	45.03	-1.00%	-0.70
Hennessy Advisors	0.13	43.33	0.31%	0.94
Ridgeline Research LLC	2.37	43.11	5.50%	6.26
Alger	-2.12	39.49	-5.37%	-1.83
Valkyrie Funds LLC	-0.22	38.86	-0.58%	4.00
Zacks	0.59	37.58	1.58%	18.94
ETF Series Solutions	-1.36	35.42	-3.85%	-6.92
First Pacific Advisors LP	0.58	35.35	1.65%	3.95
Applied Finance Group	11.48	30.53	37.60%	13.28
Sheaff Brock Capital Management LLC	0.35	28.93	1.22%	0.84
GAMCO Investors, Inc.	0.25	28.68	0.87%	1.20
DoubleLine Capital LP	0.00	26.17	0.00%	26.05
Convergence Investment Partners, LLC	1.35	25.82	5.23%	1.38
ASYMmetric ETFs	-0.76	25.60	-2.98%	0.77
PMV Capital Advisers LLC	0.00	25.05	0.02%	-3.07
Highland Capital Management	-1.43	24.55	-5.82%	-1.44
Cultivar Capital, Inc.	-1.17	23.26	-5.05%	0.03
Reflection Asset Management, LLC	0.00	23.13	0.00%	1.23
AlphaMark Advisors	0.00	23.02	0.00%	-0.06
Faith Investor Services, LLC	0.22	22.87	0.98%	1.35
Alphatrai Funds, Inc.	-5.55	19.92	-27.85%	6.59
Advocate Capital Management LLC	-11.78	19.49	-60.44%	-9.08
Knights of Columbus	0.00	19.12	0.00%	0.00
Point Bridge Capital	0.00	18.22	0.00%	0.89
Mairs & Power, Inc.	-0.44	17.80	-2.49%	0.44
Build Asset Management LLC	0.00	17.61	0.00%	-13.79
Tema Global Ltd.	11.22	14.87	75.44%	11.22
Sammons Enterprises, Inc.	8.00	13.49	59.32%	11.01
Subversive Capital Advisor LLC	0.00	13.21	0.00%	11.18
Lifegoal Investments LLC	0.00	12.38	0.00%	3.03
WealthTrust Asset Management LLC	0.51	12.28	4.19%	1.03
Tuttle Tactical Management, LLC	-0.49	11.91	-4.15%	4.95
Democracy Investment Management LLC	0.00	11.55	-0.02%	6.39
Changebridge Capital LLC	-0.23	11.03	-2.08%	0.43
The BAD Investment Company	0.25	8.79	2.82%	0.27
Future Fund Advisors	0.34	8.63	3.92%	-0.69
Counterpoint Mutual Funds LLC	0.00	7.80	0.00%	0.52
Rcube SAS	1.13	7.71	14.71%	2.28
Power Financial Corp.	6.00	6.19	96.92%	6.00
Lyrical Partners	0.00	5.59	0.00%	-13.57
VegTech LLC	0.00	5.10	0.00%	0.00
Spear Advisors LLC	1.12	4.88	22.88%	1.48
Digital Currency Group, Inc.	0.00	4.85	0.00%	-0.24
Cboe Vest Financial LLC	0.00	4.78	0.00%	3.93
V-Square Quantitative Management LLC	0.00	3.77	0.00%	0.00
Kelly Intelligence LLC	0.24	3.70	6.48%	0.51
Dynamic Shares LLC	0.00	3.32	0.00%	0.00
Emerge Capital Management, Inc.	-0.48	2.99	-16.19%	0.01
Jacob Asset Management	-0.17	2.78	-5.96%	-0.15
Element ETFs LLC	0.00	2.54	0.00%	-1.89
Hypatia Capital Advisors LLC	0.00	2.19	0.00%	2.10
Penserra Capital Management LLC	0.00	2.18	0.00%	0.00
Bitwise Asset Management, Inc.	0.00	1.37	0.00%	-1.12
Convexityshares, LLC	0.00	1.33	0.00%	0.37
Grizzle Investment Management LLC	0.00	1.18	0.00%	0.00
Kingsbarn Capital Management LLC	-0.57	1.15	-49.80%	0.01
Merk	-0.23	1.11	-20.36%	-0.45
Inherent Wealth Fund LLC	-0.30	0.87	-34.69%	-0.51
Parabla, LLC	0.09	0.60	15.32%	0.39
Tradelegs LLC	0.00	0.53	0.00%	0.00
Calamos Family Partners	0.00	0.00	0.00%	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.

Sumit Roy

| Contact: [email protected]

Sumit Roy is the senior ETF analyst for etf.com, where he has worked for 13 years. He creates a variety of content for the platform, including news articles, analysis pieces, videos and podcasts.

Before joining etf.com, Sumit was the managing editor and commodities analyst for Hard Assets Investor. In those roles, he was responsible for most of the operations of HAI, a website dedicated to education about commodities investing.

Though he still closely follows the commodities beat, Sumit covers a much broader assortment of topics for etf.com, with a particular focus on stock and bond exchange-traded funds.

He is the host of etf.com’s Talk ETFs, a popular video series that features weekly interviews with thought leaders in the ETF industry. Sumit is also co-host of Exchange Traded Fridays, etf.com’s weekly podcast series.

He lives in the San Francisco Bay Area, where he enjoys climbing the city’s steep hills, playing chess and snowboarding in Lake Tahoe.

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