VOO Topped February Inflows; SPY Led Outflows

Managing Editor

Mar 04, 2024

Reviewed by: etf.com Staff

Edited by: etf.com Staff

Vanguard's VOO, the third-largest U.S. ETF, brought in the most investor money among all exchange-traded funds last month, while it's cousin and world's biggest ETF, State Street's SPY, had the biggest outflows.

The seeming contradiction of a pair of S&P 500 index funds moving in opposite directions in terms of flows may signal investors are leaning toward believing that markets are poised to slow after a 30% gain over the past year.

The Vanguard 500 Index Fund (VOO) brought in $6.11 billion last month while investors pulled $6 billion from the SPDR S&P 500 ETF Trust (SPY). VOO has $413.3 billion under management while SPY has $500.6 billion, recently becoming the first ETF to cross a half-trillion dollars in AUM, despite having $27 billion in outflows this year.

VOO, with $16 billion in inflows so far this year, is often seen as a proxy for momentum toward long-term trading, while SPY may be used more in short-term trades. VOO's management fee of 0.03% undercuts SPY's 0.09% and VOO permits dividend reinvestments.

So SPY's outflows could be a reflection of caution on the part of short-term traders and other market timers," etf.com Senior Analyst Sumit Roy said. "The long-term money is pretty consistent no matter what is going on, but the short-term money moves around based on sentiment."

In another sign that investors are focused on large S&P 500 funds, the iShares Core S&P 500 ETF (IVV) has the biggest year-to-date inflows. IVV, the third-biggest ETF with $442.5 billion in assets, has brought in $16 billion this year.

Spot bitcoin funds, which didn't exist when the year began, pulled in billions last month led by the $4.48 billion investors poured into the iShares Bitcoin Trust (IBIT).

Top Gainers February 2024

Ticker	Name	Issuer	Net Flows ($, mm)	AUM ($, mm)	% of AUM	YTD 2024 Net Flows($,M)
VOO	Vanguard 500 Index Fund	Vanguard	6,111.50	413,384.34	1.48	15,954.85%
VGT	Vanguard Information Technology ETF	Vanguard	5,672.40	69,109.51	8.21	6,355.92%
IBIT	iShares Bitcoin Trust	Blackrock	4,481.49	9,147.06	48.99	7,152.45%
IVV	iShares Core S&P 500 ETF	Blackrock	4,145.03	442,511.98	0.94	16,022.93%
VGIT	Vanguard Intermediate-Term Treasury Index ETF	Vanguard	3,267.16	25,092.75	13.02	3,695.19%
SPLG	SPDR Portfolio S&P 500 ETF	State Street Global Advisors	3,068.80	31,997.81	9.59	4,454.98%
VTI	Vanguard Total Stock Market ETF	Vanguard	2,694.05	374,236.02	0.72	5,416.36%
FBTC	Fidelity Wise Origin Bitcoin Fund	Fidelity	2,468.04	6,234.73	39.59	273.47%
AGG	iShares Core U.S. Aggregate Bond ETF	Blackrock	2,463.14	102,098.30	2.41	2,800.85%
QQQ	Invesco QQQ Trust	Invesco	1,844.65	251,983.35	0.73	7,134.36%

Top Gainers (Year-to-Date)

Ticker	Name	Issuer	Net Flows ($, mm)	AUM ($, mm)	% of AUM	March 2024 Net Flows($,M)
IVV	iShares Core S&P 500 ETF	Blackrock	16,022.93	442,511.98	3.62	4,145.03%
VOO	Vanguard 500 Index Fund	Vanguard	15,954.85	413,384.34	3.86	6,111.50%
IBIT	iShares Bitcoin Trust	Blackrock	7,152.45	9,147.06	78.19	4,481.49%
QQQ	Invesco QQQ Trust	Invesco	7,134.36	251,983.35	2.83	1,844.65%
VGT	Vanguard Information Technology ETF	Vanguard	6,355.92	69,109.51	9.20	5,672.40%
VTI	Vanguard Total Stock Market ETF	Vanguard	5,416.36	374,236.02	1.45	2,694.05%
SPLG	SPDR Portfolio S&P 500 ETF	State Street Global Advisors	4,454.98	31,997.81	13.92	3,068.80%
IVE	iShares S&P 500 Value ETF	Blackrock	3,888.90	32,218.32	12.07	405.26%
VGIT	Vanguard Intermediate-Term Treasury Index ETF	Vanguard	3,695.19	25,092.75	14.73	3,267.16%
IUSB	iShares Core Total USD Bond Market ETF	Blackrock	3,258.42	26,586.37	12.26	764.38%

Biggest Losers (February 2024)

Ticker	Name	Issuer	Net Flows ($, mm)	AUM ($, mm)	% of AUM	YTD 2024 Net Flows($,M)
SPY	SPDR S&P 500 ETF Trust	State Street Global Advisors	-5,969.90	500,604.70	-1.19	-26,996.64%
HYG	iShares iBoxx USD High Yield Corporate Bond ETF	Blackrock	-2,776.81	15,748.51	-17.63	-3,194.80%
GBTC	Grayscale Bitcoin Trust ETF	Digital Currency Group, Inc.	-2,353.87	26,431.07	-8.91	-7,712.21%
IWM	iShares Russell 2000 ETF	Blackrock	-2,313.35	61,920.41	-3.74	-5,672.80%
VGSH	Vanguard Short-Term Treasury Index Fund	Vanguard	-2,081.57	20,275.13	-10.27	-1,801.19%
LQD	iShares iBoxx USD Investment Grade Corporate Bond ETF	Blackrock	-1,912.03	32,240.87	-5.93	1,348.08%
GLD	SPDR Gold Trust	State Street Global Advisors	-1,815.28	53,756.49	-3.38	-3,627.19%
USMV	iShares MSCI USA Min Vol Factor ETF	Blackrock	-1,718.96	25,083.65	-6.85	-2,715.17%
BIL	SPDR Bloomberg 1-3 Month T-Bill ETF	State Street Global Advisors	-1,658.05	31,481.18	-5.27	-2,025.75%
XLE	Energy Select Sector SPDR Fund	State Street Global Advisors	-1,636.77	35,600.20	-4.60	-1,338.29%

Biggest Losers (Year-to-Date)

Ticker	Name	Issuer	Net Flows ($, mm)	AUM ($, mm)	% of AUM	March 2024 Net Flows($,M)
SPY	SPDR S&P 500 ETF Trust	State Street Global Advisors	-26,996.64	500,604.70	-5.39	-5,969.90%
GBTC	Grayscale Bitcoin Trust ETF	Digital Currency Group, Inc.	-7,712.21	26,431.07	-29.18	-2,353.87%
IWM	iShares Russell 2000 ETF	Blackrock	-5,672.80	61,920.41	-9.16	-2,313.35%
GLD	SPDR Gold Trust	State Street Global Advisors	-3,627.19	53,756.49	-6.75	-1,815.28%
IWD	iShares Russell 1000 Value ETF	Blackrock	-3,495.48	53,547.38	-6.53	-12.88%
HYG	iShares iBoxx USD High Yield Corporate Bond ETF	Blackrock	-3,194.80	15,748.51	-20.29	-2,776.81%
USMV	iShares MSCI USA Min Vol Factor ETF	Blackrock	-2,715.17	25,083.65	-10.82	-1,718.96%
TQQQ	ProShares UltraPro QQQ	ProShares	-2,515.56	21,304.58	-11.81	-1,104.42%
OEF	iShares S&P 100 ETF	Blackrock	-2,134.41	11,315.90	-18.86	-221.95%
SUSA	iShares MSCI USA ESG Select ETF	Blackrock	-2,074.15	3,433.79	-60.40	-212.40%

Asset Classes (February 2024)

	Net Flows ($, mm)	AUM ($, mm)	% of AUM
Alternatives	138.08	6,971.88	1.98%
Asset Allocation	143.37	17,326.30	0.83%
Commodities	-2,479.37	122,898.36	-2.02%
Currency	6,120.91	50,272.98	12.18%
International Equity	10,302.96	1,406,756.56	0.73%
International Fixed Income	1,639.83	173,512.01	0.95%
Inverse	814.37	13,979.11	5.83%
Leveraged	-2,330.05	88,805.06	-2.62%
U.S. Equity	34,410.51	5,267,330.84	0.65%
U.S. Fixed Income	9,941.13	1,364,702.68	0.73%
Total:	58,701.73	8,512,555.78	0.69%

Asset Classes (Year-to-Date)

	Net Flows ($, mm)	AUM ($, mm)	% of AUM
Alternatives	309.88	6,971.88	4.44%
Asset Allocation	-138.69	17,326.30	-0.80%
Commodities	-5,676.89	122,898.36	-4.62%
Currency	3,207.25	50,272.98	6.38%
International Equity	15,416.52	1,406,756.56	1.10%
International Fixed Income	5,605.96	173,512.01	3.23%
Inverse	-474.89	13,979.11	-3.40%
Leveraged	-4,591.49	88,805.06	-5.17%
U.S. Equity	48,910.66	5,267,330.84	0.93%
U.S. Fixed Income	27,204.55	1,364,702.68	1.99%
Total:	89,772.85	8,512,555.78	1.05%

February 2024 ETF Brand League Table

Brand	AUM ($, mm)	Net Flows ($, mm)	% of AUM	YTD 2024 Net Flows($,M)
iShares	2,610,262.84	4,726.56	0.18%	4,726.56
Vanguard	2,404,405.29	21,528.04	0.90%	21,528.04
SPDR	1,225,224.08	-19,189.73	-1.57%	-19,189.73
Invesco	474,269.47	9,393.36	1.98%	9,393.36
Schwab	323,997.86	1,989.22	0.61%	1,989.22
JPMorgan	137,070.74	2,422.40	1.77%	2,422.40
First Trust	133,707.09	150.16	0.11%	150.16
Dimensional	121,235.04	3,201.66	2.64%	3,201.66
WisdomTree	73,454.91	628.74	0.86%	628.74
ProShares	68,323.72	-3,416.98	-5.00%	-3,416.98
VanEck	67,781.71	873.31	1.29%	873.31
Fidelity	56,185.45	-1,117.90	-1.99%	-1,117.90
Global X	42,913.55	461.26	1.07%	461.26
Pacer	37,553.18	2,159.48	5.75%	2,159.48
Direxion	37,029.92	-553.10	-1.49%	-553.10
Avantis	34,995.69	1,162.38	3.32%	1,162.38
Goldman Sachs	33,214.98	121.06	0.36%	121.06
PIMCO	24,206.00	465.49	1.92%	465.49
FT Vest	22,286.60	1,026.47	4.61%	1,026.47
Grayscale	21,219.49	-5,358.79	-25.25%	-5,358.79
Capital Group	20,890.63	1,706.25	8.17%	1,706.25
FlexShares	20,700.85	-269.47	-1.30%	-269.47
Xtrackers	20,156.81	11.35	0.06%	11.35
Innovator	17,677.34	1.39	0.01%	1.39
BlackRock	16,000.64	3,305.33	20.66%	3,305.33
Franklin	14,473.76	138.55	0.96%	138.55
ARK	14,215.76	-449.60	-3.16%	-449.60
Janus Henderson	12,901.89	780.15	6.05%	780.15
Amplify	9,021.61	46.22	0.51%	46.22
Nuveen	8,697.85	56.25	0.65%	56.25
Alerian	7,971.98	80.05	1.00%	80.05
REX Microsectors	7,595.33	77.76	1.02%	77.76
VictoryShares	7,415.62	-45.51	-0.61%	-45.51
abrdn	6,867.75	-23.91	-0.35%	-23.91
PGIM	6,426.91	-163.16	-2.54%	-163.16
KraneShares	6,422.12	35.20	0.55%	35.20
John Hancock	6,217.73	70.21	1.13%	70.21
BNY Mellon	5,604.98	104.02	1.86%	104.02
Hartford	4,700.23	-137.27	-2.92%	-137.27
IndexIQ	4,260.43	-58.04	-1.36%	-58.04
US Benchmark Series	4,111.03	47.61	1.16%	47.61
ALPS	4,061.75	41.78	1.03%	41.78
Principal	3,851.25	53.46	1.39%	53.46
Invesco DB	3,447.30	-88.10	-2.56%	-88.10
Simplify	3,354.40	168.02	5.01%	168.02
American Century	3,047.67	96.52	3.17%	96.52
T. Rowe Price	2,778.35	198.51	7.14%	198.51
Alpha Architect	2,732.41	315.37	11.54%	315.37
US Commodity Funds	2,725.59	-482.88	-17.72%	-482.88
Sprott	2,539.58	82.61	3.25%	82.61
BondBloxx	2,458.40	-65.57	-2.67%	-65.57
Columbia	2,269.32	133.90	5.90%	133.90
Cambria	2,221.18	74.57	3.36%	74.57
AB Funds	2,194.43	741.74	33.80%	741.74
Main Funds	2,178.53	48.83	2.24%	48.83
Allianz	2,155.43	214.36	9.95%	214.36
Putnam	1,941.32	42.32	2.18%	42.32
Aptus	1,799.92	15.39	0.86%	15.39
Distillate	1,717.44	88.39	5.15%	88.39
GraniteShares	1,677.78	86.74	5.17%	86.74
YieldMax	1,672.28	427.25	25.55%	427.25
AdvisorShares	1,581.91	120.78	7.64%	120.78
ROBO Global	1,553.86	-13.23	-0.85%	-13.23
Vident	1,462.50	1.06	0.07%	1.06
Motley Fool	1,451.81	15.99	1.10%	15.99
US Global	1,402.44	-358.59	-25.57%	-358.59
Inspire	1,390.85	-1.44	-0.10%	-1.44
Defiance	1,347.24	-2.23	-0.17%	-2.23
Harbor	1,337.34	28.09	2.10%	28.09
Bridgeway	1,260.82	14.86	1.18%	14.86
Virtus	1,250.75	87.69	7.01%	87.69
Strive	1,164.25	67.40	5.79%	67.40
Davis	1,041.11	10.17	0.98%	10.17
Kovitz	986.86	7.35	0.75%	7.35
Neos	984.16	153.78	15.63%	153.78
ETRACS	977.77	0.00	0.00%	0.00
iPath	950.08	44.75	4.71%	44.75
DoubleLine	948.25	47.42	5.00%	47.42
Quadratic	947.17	-19.45	-2.05%	-19.45
Strategy Shares	932.73	-29.75	-3.19%	-29.75
ActivePassive	914.98	70.10	7.66%	70.10
Meridian	844.86	5.97	0.71%	5.97
Timothy	816.22	-9.18	-1.12%	-9.18
CCM	797.21	770.06	96.59%	770.06
Neuberger Berman	792.10	16.34	2.06%	16.34
AXS Investments	770.65	26.25	3.41%	26.25
Roundhill	769.64	29.53	3.84%	29.53
Bitwise	764.46	634.45	82.99%	634.45
TCW	757.54	-63.91	-8.44%	-63.91
AAM	747.69	44.41	5.94%	44.41
iM	735.30	-16.62	-2.26%	-16.62
RPAR	725.77	8.97	1.24%	8.97
SoFi	724.46	21.89	3.02%	21.89
SP Funds	703.67	52.66	7.48%	52.66
HCM	696.56	8.92	1.28%	8.92
Day Hagan	696.31	-5.95	-0.85%	-5.95
Horizons	655.53	-45.81	-6.99%	-45.81
Cabana	633.15	150.30	23.74%	150.30
LeaderShares	576.03	-208.02	-36.11%	-208.02
The Brinsmere Funds	538.48	16.65	3.09%	16.65
Tortoise	523.12	-65.47	-12.52%	-65.47
Credit Suisse	515.07	-5.05	-0.98%	-5.05
Gotham	504.41	-36.94	-7.32%	-36.94
Calvert	488.91	8.63	1.77%	8.63
InfraCap	476.32	-0.23	-0.05%	-0.23
Volatility Shares	447.34	54.71	12.23%	54.71
FCF Advisors	439.60	20.13	4.58%	20.13
Wahed	434.96	22.73	5.23%	22.73
Nationwide	414.40	-11.37	-2.74%	-11.37
Brookstone	391.45	2.06	0.53%	2.06
ClearShares	386.85	-20.03	-5.18%	-20.03
Overlay Shares	386.82	4.12	1.06%	4.12
Oneascent	368.28	15.93	4.32%	15.93
ClearBridge	366.56	4.60	1.25%	4.60
EMQQ	350.97	-27.18	-7.75%	-27.18
Teucrium	339.16	4.82	1.42%	4.82
Vert	338.19	5.35	1.58%	5.35
Touchstone	333.08	16.59	4.98%	16.59
CastleArk	327.40	-0.06	-0.02%	-0.06
Matthews	313.28	-14.98	-4.78%	-14.98
Barclays	299.58	0.00	0.00%	0.00
Bushido	297.42	4.18	1.40%	4.18
FundX	287.19	1.43	0.50%	1.43
Adaptive	280.87	-1.31	-0.47%	-1.31
TrueShares	269.84	31.35	11.62%	31.35
T-Rex	266.84	211.39	79.22%	211.39
Madison	263.04	0.50	0.19%	0.50
Anfield	262.45	-9.81	-3.74%	-9.81
Core Alternative	257.38	5.86	2.28%	5.86
USCF Advisers	254.75	-1.86	-0.73%	-1.86
AGF	251.05	5.54	2.21%	5.54
Monarch	250.03	9.76	3.90%	9.76
Tidal ETFs	248.31	1.08	0.43%	1.08
Panagram	243.73	17.05	7.00%	17.05
Opus Capital Management	233.71	6.57	2.81%	6.57
Mohr Funds	231.64	-11.47	-4.95%	-11.47
Angel Oak	227.49	10.76	4.73%	10.76
Valkyrie	221.77	135.33	61.02%	135.33
STF	220.43	-0.71	-0.32%	-0.71
Swan	218.74	9.58	4.38%	9.58
Impact Shares	213.90	0.90	0.42%	0.90
GMO	213.20	161.29	75.65%	161.29
Summit Global Investments	210.95	-3.80	-1.80%	-3.80
Fairlead	209.75	-3.38	-1.61%	-3.38
PlanRock	208.81	91.36	43.76%	91.36
Burney	207.60	-0.01	0.00%	-0.01
RiverFront	200.57	-5.77	-2.88%	-5.77
Little Harbor Advisors	194.58	-0.72	-0.37%	-0.72
WBI Shares	190.52	-1.16	-0.61%	-1.16
CornerCap	186.72	0.56	0.30%	0.56
UBS	185.27	0.00	0.00%	0.00
Syntax	182.88	-2.10	-1.15%	-2.10
SRH	181.75	0.00	0.00%	0.00
Renaissance	171.82	-20.97	-12.20%	-20.97
Euclidean	171.14	0.61	0.36%	0.61
Saba	167.63	7.56	4.51%	7.56
BrandywineGLOBAL	166.74	-0.01	-0.01%	-0.01
Federated Hermes	165.66	34.62	20.90%	34.62
Return Stacked	163.72	40.41	24.68%	40.41
Adasina	160.02	6.69	4.18%	6.69
Congress	156.16	38.58	24.71%	38.58
Agility Shares	155.11	0.34	0.22%	0.34
Thrivent	148.45	-10.69	-7.20%	-10.69
Gadsden	147.44	0.00	0.00%	0.00
Beyond	145.25	0.30	0.20%	0.30
Brandes	142.40	43.73	30.71%	43.73
Humankind	133.79	0.00	0.00%	0.00
Knowledge Leaders Capital	130.52	0.01	0.01%	0.01
Siren	130.36	-2.94	-2.25%	-2.94
SEI	129.02	0.27	0.21%	0.27
Ballast	128.87	7.24	5.62%	7.24
SoundWatch Capital	121.13	0.61	0.51%	0.61
Bahl & Gaynor	117.47	0.77	0.66%	0.77
Rareview Funds	116.49	0.09	0.08%	0.09
Rayliant	113.69	-1.42	-1.25%	-1.42
Donoghue Forlines	113.39	0.00	0.00%	0.00
Zacks	109.81	14.66	13.35%	14.66
Natixis	109.52	3.93	3.59%	3.93
Max	109.43	50.24	45.91%	50.24
Conductor Fund	105.30	0.00	0.00%	0.00
ROC	102.11	22.45	21.98%	22.45
Strategas	101.79	-0.12	-0.12%	-0.12
Hoya	94.09	1.84	1.95%	1.84
Tema	93.27	25.68	27.53%	25.68
First Manhattan	87.10	0.30	0.35%	0.30
DB	86.60	0.00	0.00%	0.00
Applied Finance	85.53	6.85	8.01%	6.85
American Beacon	85.48	0.56	0.65%	0.56
MarketDesk	84.64	0.00	0.00%	0.00
ArrowShares	79.20	-1.03	-1.30%	-1.03
Leuthold	78.80	0.00	0.00%	0.00
Absolute	78.29	-1.42	-1.81%	-1.42
Segall Bryant & Hamill	78.20	19.46	24.88%	19.46
Alexis	76.25	2.09	2.75%	2.09
Q3	76.08	4.86	6.39%	4.86
ACV	74.50	-8.19	-10.99%	-8.19
Astoria	73.03	1.84	2.52%	1.84
CrossingBridge Funds	69.37	1.06	1.53%	1.06
Sterling Capital	66.88	0.00	0.00%	0.00
Faith Investor Services	65.91	8.72	13.23%	8.72
Eaton Vance	65.07	2.52	3.87%	2.52
Hennessy	64.38	4.79	7.44%	4.79
NETL	64.11	1.24	1.94%	1.24
REX	62.73	39.10	62.33%	39.10
Altshares	62.57	-8.60	-13.74%	-8.60
FPA	62.33	5.18	8.30%	5.18
Nicholas	61.39	8.36	13.62%	8.36
Regents Park	60.88	-1.35	-2.21%	-1.35
Logan	60.59	0.00	0.01%	0.00
Sphere	59.49	0.00	0.00%	0.00
Western Asset	57.60	0.01	0.02%	0.01
Polen	56.05	16.04	28.63%	16.04
IDX	55.86	6.85	12.27%	6.85
Formidable	55.25	0.00	0.00%	0.00
Goose Hollow	55.04	-0.66	-1.20%	-0.66
Hilton	54.15	36.92	68.19%	36.92
Cambiar Funds	53.20	0.00	0.00%	0.00
EA Series Trust	53.03	5.43	10.24%	5.43
F/m	52.54	24.07	45.80%	24.07
Academy	52.11	0.00	0.00%	0.00
Breakwave	52.08	-6.37	-12.24%	-6.37
Aztlan	51.20	-1.62	-3.15%	-1.62
SmartETFs	50.67	0.00	0.00%	0.00
THOR	49.22	-0.76	-1.54%	-0.76
Adaptiv	48.57	-1.47	-3.03%	-1.47
Alger	48.15	0.33	0.68%	0.33
Parametric	46.93	1.29	2.75%	1.29
Argent	46.88	0.59	1.27%	0.59
SonicShares	46.30	6.31	13.62%	6.31
Leatherback	45.96	-1.30	-2.83%	-1.30
UVA	44.10	-1.10	-2.50%	-1.10
McElhenny Sheffield	44.04	2.15	4.89%	2.15
ZEGA	42.35	-5.74	-13.56%	-5.74
Acquirers Fund	42.18	0.00	0.00%	0.00
Convergence	41.44	6.34	15.30%	6.34
Texas Capital	41.28	21.05	50.98%	21.05
Meet Kevin	39.66	0.64	1.60%	0.64
Procure	38.08	-0.86	-2.26%	-0.86
Hull	37.94	0.00	0.01%	0.00
Discipline Funds	37.07	0.00	0.00%	0.00
Gabelli	35.60	2.02	5.68%	2.02
Trajan	35.55	0.00	0.00%	0.00
Spear	35.12	13.91	39.60%	13.91
Guru	34.61	0.00	0.00%	0.00
Sound Income Strategies	33.17	1.38	4.15%	1.38
Martin Currie	33.12	0.00	0.00%	0.00
Miller	32.65	0.00	0.00%	0.00
AOT	32.27	0.99	3.06%	0.99
Foundations	32.17	28.08	87.28%	28.08
Innovative Portfolios	31.90	-0.49	-1.52%	-0.49
Sovereign's	31.40	2.21	7.03%	2.21
Sparkline	30.97	0.00	0.00%	0.00
RAM	30.81	1.50	4.88%	1.50
Calamos	30.68	13.14	42.83%	13.14
Validus	30.58	0.00	0.00%	0.00
Cultivar	30.12	0.00	0.00%	0.00
AlphaMark	29.66	0.00	0.00%	0.00
Affinity	29.57	0.00	0.00%	0.00
R3ETFs	29.51	0.00	0.00%	0.00
Acruence	29.15	-0.94	-3.23%	-0.94
Subversive	28.32	5.32	18.77%	5.32
QRAFT	25.82	0.08	0.29%	0.08
Bancreek	25.08	21.00	83.71%	21.00
Tactical Funds	23.37	0.00	0.00%	0.00
PMV	23.14	-0.01	-0.03%	-0.01
India	22.81	9.66	42.36%	9.66
Veridien	22.32	0.00	0.00%	0.00
Carbon Collective	22.13	0.94	4.23%	0.94
Pinnacle	21.94	2.97	13.52%	2.97
Vesper	21.75	-5.89	-27.10%	-5.89
Counterpoint	20.68	5.29	25.59%	5.29
FMQQ	20.11	0.83	4.14%	0.83
Point Bridge Capital	20.01	0.00	0.00%	0.00
Range	19.64	5.12	26.08%	5.12
Bridges	19.05	0.00	0.00%	0.00
Clough	18.72	3.89	20.77%	3.89
GGM	18.40	3.48	18.89%	3.48
Mairs & Power	18.28	0.00	0.00%	0.00
Robinson	17.46	-0.51	-2.93%	-0.51
WealthTrust	17.43	0.00	0.00%	0.00
Clockwise Capital	17.19	0.55	3.19%	0.55
DGA	17.05	0.52	3.04%	0.52
MUSQ	15.91	1.00	6.27%	1.00
ATAC	15.48	0.01	0.05%	0.01
Grizzle	15.29	1.31	8.56%	1.31
Macquarie	15.27	0.00	0.00%	0.00
Relative Sentiment	13.42	0.00	0.00%	0.00
Capital Link	13.18	0.00	0.00%	0.00
Morgan Dempsey	12.54	-2.89	-23.08%	-2.89
Ionic	12.54	0.00	0.00%	0.00
The Future Fund	11.02	0.00	0.00%	0.00
Themes	10.09	1.08	10.75%	1.08
Build	9.18	-8.04	-87.50%	-8.04
RiverNorth	8.69	-0.52	-5.98%	-0.52
Nifty	7.72	0.88	11.40%	0.88
Democracy	7.33	0.00	0.02%	0.00
LAFFER TENGLER	7.22	-0.53	-7.37%	-0.53
Dynamic	7.09	0.00	0.00%	0.00
Altrius	6.99	0.00	-0.02%	0.00
ETFB	6.99	0.00	0.00%	0.00
CoreValues Alpha	6.80	0.00	0.00%	0.00
Lyrical	6.61	0.00	0.00%	0.00
Armada ETF Advisors	6.45	0.00	0.00%	0.00
MKAM	5.93	0.00	0.00%	0.00
IQ Funds	5.44	0.00	0.00%	0.00
VegTech	5.42	0.00	0.00%	0.00
Cboe Vest	5.26	0.62	11.88%	0.62
Blue Horizon	4.77	0.00	0.00%	0.00
ICE BofAML	4.59	0.00	0.00%	0.00
Kurv	3.89	0.22	5.62%	0.22
USCF	3.87	0.00	0.00%	0.00
Brendan Wood	3.86	0.00	0.00%	0.00
Reverb ETF	3.84	0.00	0.00%	0.00
Honeytree	3.76	0.56	14.95%	0.56
Hypatia Capital	3.35	0.00	-0.06%	0.00
X-Square	3.32	0.00	0.00%	0.00
Horizon	3.25	0.00	0.00%	0.00
Jacob	3.01	0.00	0.00%	0.00
KP Funds	2.92	0.00	0.02%	0.00
Newday	2.75	0.00	-0.07%	0.00
Tuttle	2.70	0.77	28.34%	0.77
Kingsbarn	2.32	0.00	0.00%	0.00
CRIT	2.06	0.00	-0.02%	0.00
Akros	1.62	0.00	0.00%	0.00
Langar	1.50	1.31	87.75%	1.31
WHITEWOLF	1.38	0.00	0.00%	0.00
iMGP	1.33	0.00	0.00%	0.00
New Capital	1.05	-0.78	-74.01%	-0.78
DriveWealth	0.75	0.00	0.00%	0.00
KARB	0.56	0.00	0.00%	0.00
Arch Indices	0.53	0.00	0.00%	0.00
Onefund	0.00	0.00	0.00%	0.00

March 2024 ETF Issuer League Table

Issuer	AUM ($, mm)	Net Flows ($, mm)	% of AUM	YTD 2024 Net Flows($,M)
Blackrock	2,681,971.59	9,655.52	0.36%	17,687.41
Vanguard	2,480,906.17	27,340.33	1.10%	48,868.37
State Street Global Advisors	1,243,632.05	-7,638.44	-0.61%	-26,828.18
Invesco	492,106.46	4,437.24	0.90%	13,730.45
Charles Schwab	329,968.95	562.54	0.17%	2,551.75
AJM Ventures LLC	158,890.49	1,112.34	0.70%	2,288.97
JPMorgan Chase	143,592.94	4,521.88	3.15%	6,944.28
Dimensional Holdings	125,856.43	2,480.60	1.97%	5,682.25
WisdomTree	75,574.28	790.85	1.05%	1,419.59
VanEck	69,560.60	1,462.29	2.10%	2,335.59
ProShares	68,762.47	-1,705.87	-2.48%	-5,122.85
Fidelity	62,746.36	3,997.66	6.37%	2,879.77
Mirae Asset Global Investments Co., Ltd.	43,559.29	251.03	0.58%	712.29
American Century Investments	40,374.79	1,868.73	4.63%	3,127.64
Pacer Advisors	39,835.15	1,681.51	4.22%	3,840.99
Direxion	38,640.26	-601.85	-1.56%	-1,154.95
Goldman Sachs	33,793.44	-112.75	-0.33%	8.32
PIMCO	27,185.39	884.93	3.26%	1,564.78
Digital Currency Group, Inc.	26,438.48	-2,353.87	-8.90%	-7,712.66
The Capital Group Companies	22,741.66	1,239.70	5.45%	2,945.95
DWS	20,896.18	206.18	0.99%	217.53
Northern Trust	20,782.90	65.50	0.32%	-203.97
Innovator	18,014.00	78.46	0.44%	79.85
ARK Investment Management LP	16,368.46	603.98	3.69%	146.83
Franklin Templeton	15,388.80	132.03	0.86%	213.17
Janus Henderson	13,681.45	836.38	6.11%	1,616.53
SS&C	12,221.96	4.68	0.04%	114.32
Nuveen Securities	9,142.41	166.23	1.82%	222.48
Amplify Investments	8,665.27	-546.13	-6.30%	-499.91
BMO	8,489.52	18.86	0.22%	146.85
Alpha Architect	8,047.14	689.15	8.56%	1,875.70
CICC	7,989.34	176.08	2.20%	191.83
Victory Capital Holdings, Inc.	7,547.02	93.69	1.24%	48.18
Abrdn Plc	6,820.45	89.59	1.31%	65.68
Prudential	6,633.74	201.37	3.04%	38.20
John Hancock	6,400.54	19.28	0.30%	89.49
Toroso Investments	6,252.51	314.38	5.03%	884.75
BNY Mellon	5,903.95	129.02	2.19%	295.04
The Hartford	4,638.46	-73.78	-1.59%	-211.05
1251 Capital Group Inc.	4,290.60	122.36	2.85%	206.08
New York Life	4,232.84	-71.16	-1.68%	-129.20
Exchange Traded Concepts	4,046.64	-16.42	-0.41%	139.38
Principal	3,874.73	-60.07	-1.55%	-6.61
Simplify Asset Management Inc.	3,747.08	368.87	9.84%	536.89
T. Rowe Price Group, Inc.	3,069.48	205.71	6.70%	404.21
US Commodity Funds	3,045.55	111.80	3.67%	-372.95
Bondbloxx Investment Management LLC	2,493.36	45.07	1.81%	-20.50
Columbia Management Investment Advisers, LLC	2,478.48	171.92	6.94%	305.83
Equitable Holdings	2,421.55	207.05	8.55%	948.79
Cambria	2,314.10	65.41	2.83%	139.98
Sprott, Inc.	2,309.25	19.19	0.83%	101.79
GraniteShares	2,267.89	307.42	13.56%	394.16
Main Management	2,249.40	21.43	0.95%	70.26
Power Corporation of Canada	2,033.78	55.68	2.74%	98.00
Distillate Capital	1,777.57	10.23	0.58%	98.63
Virtus Investment Partners	1,767.43	81.26	4.60%	169.92
UBS	1,695.62	-7.42	-0.44%	-12.46
Aptus Capital Advisors	1,687.25	81.28	4.82%	100.42
AdvisorShares	1,649.39	153.85	9.33%	274.64
MM VAM LLC	1,555.08	83.60	5.38%	84.66
The Motley Fool	1,521.75	13.99	0.92%	29.98
Bitwise Asset Management, Inc.	1,487.72	485.05	32.60%	1,118.49
US Global Investors	1,479.74	0.92	0.06%	-357.67
Inspire Impact Group LLC	1,444.12	25.59	1.77%	24.14
Defiance ETFs	1,441.08	93.51	6.49%	91.28
ORIX	1,438.20	71.76	4.99%	99.85
SEI Investments	1,244.30	1,087.32	87.38%	1,087.59
Neos Investments LLC	1,196.21	203.11	16.98%	356.90
Envestnet	1,145.33	210.41	18.37%	280.51
Barclays Capital Inc.	1,137.75	-88.99	-7.82%	-44.24
Davis Advisers	1,072.10	-4.64	-0.43%	5.53
Focus Financial Partners	1,031.19	8.42	0.82%	15.78
Doubleline ETF Holdings LP	1,030.84	76.15	7.39%	123.56
Rational Advisors Inc.	918.25	-14.09	-1.53%	-43.84
Eurazeo SA	880.69	69.18	7.85%	68.60
Timothy Plan	827.26	-7.96	-0.96%	-17.14
Neuberger Berman	793.28	-2.87	-0.36%	13.48
Sun Life Financial	748.46	1.33	0.18%	45.74
Howard Capital Management, Inc.	738.24	16.63	2.25%	25.55
Roundhill Investments	726.24	45.28	6.23%	65.48
Volatility Shares LLC	723.86	60.97	8.42%	115.68
SR Partners LLC	719.24	-19.58	-2.72%	7.26
The TCW Group, Inc.	713.80	-71.86	-10.07%	-135.77
Day Hagan Asset Management	704.12	-7.64	-1.08%	-13.58
Morgan Stanley	691.24	57.57	8.33%	70.01
Angel Oak Cos. LLC	598.04	265.78	44.44%	276.54
Smith Capital Investors LLC	592.58	460.25	77.67%	466.67
Redwood Investment Management	584.17	-2.16	-0.37%	-210.18
Sausalito Partners LLC	580.85	19.12	3.29%	39.26
Horizon Kinetics LLC	561.47	-97.72	-17.40%	-143.53
Estate Counselors LLC	545.60	-0.50	-0.09%	16.15
Tortoise	515.40	-14.08	-2.73%	-79.56
Tuttle Tactical Management, LLC	500.19	143.83	28.76%	354.87
Wahed Invest LLC	468.96	26.69	5.69%	49.43
Aptus Holdings LLC	459.73	-48.16	-10.48%	-43.19
AmeriLife Group LLC	430.75	36.55	8.49%	38.61
CI Financial Corp.	395.78	20.63	5.21%	41.51
Nationwide	394.14	-22.07	-5.60%	-33.45
David Young & Sandra G. Glain Family Trust	387.84	-4.03	-1.04%	12.90
Oneascent Holdings LLC	384.10	11.78	3.07%	27.70
ClearShares LLC	381.22	-6.59	-1.73%	-26.62
Valkyrie Investments, Inc.	349.52	37.18	10.64%	172.52
CastleArk Management LLC	342.15	0.03	0.01%	-0.03
Vert Asset Management LLC	339.47	2.70	0.80%	8.06
Western & Southern Mutual Holding Co.	337.78	2.12	0.63%	18.70
Matthews International Capital Management	329.61	2.76	0.84%	-12.21
Liquid Strategies	325.00	-69.37	-21.34%	-65.25
Teucrium	320.61	-7.41	-2.31%	-2.60
Truemark Group	303.34	19.19	6.32%	50.02
Grantham, Mayo, Van Otterloo & Co. LLC	295.67	72.21	24.42%	233.50
Cavalier16	283.50	-3.37	-1.19%	-4.68
Eldridge Industries LLC	271.26	27.63	10.18%	44.68
Madison Investment Holdings	260.18	-2.46	-0.94%	-1.96
Kingsview Partners LLC	258.02	4.71	1.83%	14.47
AGF	250.96	-2.77	-1.11%	2.76
Natixis	242.89	130.07	53.55%	134.00
PlanRock Wealth Management LLC	242.78	30.49	12.56%	121.86
Core Alternative Capital	240.92	-12.39	-5.14%	-6.53
Retireful LLC	240.60	3.53	1.47%	-7.95
Stf Management LP	225.36	0.59	0.26%	-0.12
Swan Global Investments	225.18	-0.05	-0.02%	9.53
Cary Street Partners Financial LLC /VA/	213.76	-0.06	-0.03%	-3.44
Lagan Holding Co. Trust	203.38	37.20	18.29%	75.78
Little Harbor Advisors	195.97	-1.95	-1.00%	-2.67
Summit Global LLC	195.68	-20.50	-10.48%	-24.30
CornerCap Investment Counsel, Inc.	190.59	0.65	0.34%	1.21
Paralel Technologies LLC	186.27	0.00	0.00%	0.00
WBI	185.89	-7.87	-4.23%	-9.03
Renaissance Capital	182.92	-9.14	-5.00%	-30.11
Syntax Advisors	180.52	-5.26	-2.91%	-7.35
Brandes Worldwide Holdings	179.10	33.42	18.66%	77.16
Federated Hermes, Inc.	167.22	2.90	1.73%	37.52
Thrivent Financial for Lutherans	160.50	3.04	1.89%	-7.65
Toews Corp.	159.99	2.41	1.51%	2.74
Impact Shares	157.30	-6.09	-3.87%	-5.18
SRN Advisors	144.75	1.97	1.36%	-0.97
Humankind USA LLC	136.08	0.02	0.01%	0.02
Intangible Capital	132.44	-2.13	-1.61%	-2.13
Inverdale Capital Management LLC	132.04	4.47	3.39%	11.71
Running Oak Capital LLC	130.48	22.19	17.01%	44.64
The Greenwood Trust	128.47	16.15	12.57%	30.82
Soundwatch Capital LLC	124.28	0.00	0.00%	0.61
Hennessy Advisors	124.11	57.87	46.63%	62.66
Bahl & Gaynor, Inc.	120.71	1.07	0.88%	1.84
Rayliant Investment Research	118.99	-0.43	-0.36%	-1.85
REX Shares LLC	116.85	54.86	46.95%	93.96
Dawn Global Topco Ltd.	113.23	12.51	11.05%	38.19
Neil Azous Revocable Trust	108.72	-8.99	-8.27%	-8.89
IronHorse Holdings	106.93	0.65	0.60%	0.65
Baird Financial Group	104.82	0.00	0.00%	-0.12
Applied Finance Group	101.72	14.04	13.80%	20.89
Pettee Investors	92.59	1.19	1.28%	3.02
Beyond Investing	91.14	1.11	1.22%	2.19
First Manhattan Co.	89.47	0.00	0.00%	0.30
Q3 Asset Management Corp.	80.00	0.81	1.01%	5.67
Absolute Investment Advisers LLC	79.92	1.45	1.81%	0.03
Ridgeline Research LLC	78.95	1.91	2.41%	-6.28
The Leuthold Group LLC	78.81	-0.82	-1.04%	-0.82
Alexis Investment Partners LLC	78.37	0.27	0.35%	2.37
Arrow Funds	77.42	-1.52	-1.96%	-2.55
OBP Capital LLC	77.37	-1.51	-1.95%	-2.61
Spear Advisors LLC	76.33	38.78	50.81%	52.69
Faith Investor Services, LLC	73.09	4.70	6.44%	13.42
Cohanzick Management	69.86	0.43	0.61%	1.49
ETFMG	69.79	-0.80	-1.14%	-7.17
First Pacific Advisors LP	69.13	6.07	8.79%	11.25
Truist	68.72	0.00	0.00%	0.00
Water Island Capital Partners LP	65.04	2.36	3.64%	-6.23
Resolute Investment Managers, Inc.	64.67	27.31	42.24%	27.87
Logan Capital Management Inc.	63.12	-1.01	-1.61%	-1.01
GeaSphere LLC	60.69	-1.17	-1.93%	-1.17
IDX Advisors LLC	58.59	1.35	2.30%	8.20
Convergence Investment Partners, LLC	55.24	10.48	18.97%	16.82
Formidable Asset Management	54.79	-0.56	-1.02%	-0.56
Cambriar Holdings	54.06	-0.01	-0.01%	-0.01
Alger Associates Inc	53.54	1.36	2.55%	1.69
Sammons Enterprises, Inc.	53.09	0.00	0.00%	0.00
Client First Investment Management LLC	51.99	-0.52	-1.00%	-1.99
Guinness Atkinson Asset Management	51.08	-1.02	-2.00%	-1.02
Infrastructure Capital Advisors	50.60	0.00	0.00%	-1.20
Goose Hollow Capital Management LLC	49.76	-5.30	-10.65%	-5.96
Thor Analytics LLC	49.30	-1.28	-2.60%	-2.04
ETF Series Solutions	43.11	0.86	2.00%	0.86
Subversive LLC	42.89	14.19	33.08%	19.50
Texas Capital Bancshares, Inc.	42.51	0.27	0.63%	21.31
Miller Value Partners LLC	41.32	4.12	9.97%	4.12
Hull Investments LLC	40.11	0.94	2.33%	0.94
ProcureAM	37.51	-0.83	-2.21%	-1.69
GAMCO Investors, Inc.	36.87	0.37	0.99%	2.39
Calamos Family Partners	35.68	3.18	8.91%	16.32
ShariaPortfolio, Inc.	35.53	3.45	9.71%	14.61
Sovereign's Capital Management LLC	34.84	2.82	8.10%	5.03
Sheaff Brock Capital Management LLC	32.64	0.00	0.00%	-0.49
Reflection Asset Management, LLC	32.06	0.00	-0.01%	1.50
AlphaMark Advisors	31.29	1.47	4.71%	1.47
Cultivar Capital, Inc.	29.67	0.00	0.00%	0.00
R Cubed Global Capital LLC	25.37	-4.48	-17.65%	-4.48
PMV Capital LLC	23.49	0.01	0.03%	0.00
WealthTrust Asset Management LLC	23.18	5.09	21.95%	5.09
Counterpoint Mutual Funds LLC	22.60	1.64	7.27%	6.93
Clough Capital Partners LLC	21.17	1.20	5.65%	5.08
Point Bridge Capital	20.64	0.00	0.00%	0.00
Clockwise Capital LLC	19.40	0.60	3.08%	1.15
Grant/GrossMendelsohn LLC	18.62	0.00	0.00%	3.48
Mairs & Power, Inc.	18.52	0.22	1.20%	0.22
Macquarie Group Ltd	14.98	0.00	0.00%	0.00
Future Fund Advisors	13.49	1.58	11.71%	1.58
ETP Holdings	12.16	1.47	12.10%	2.56
Build Asset Management LLC	8.03	-1.15	-14.32%	-9.18
Democracy Investment Management LLC	7.48	0.00	0.00%	0.00
Power Financial Corp.	7.26	0.00	0.00%	0.00
Dynamic Shares LLC	7.21	0.00	0.00%	0.00
Lyrical Asset Management GP	6.59	0.00	0.00%	0.00
VegTech LLC	5.74	0.00	0.00%	0.00
Cboe Vest Financial LLC	5.47	0.00	0.00%	0.62
Kurv Investment Management LLC	5.42	1.45	26.65%	1.66
Regan Capital, LLC	5.00	3.75	75.00%	3.75
Distribution Cognizant LLC	3.96	0.00	0.00%	0.00
Hypatia Capital Group LLC	3.41	0.01	0.33%	0.01
X-Square Capital	3.38	0.00	0.00%	0.00
Jacob Asset Management of New York LLC	3.28	0.00	0.00%	0.00
Kingsbarn Capital Management LLC	2.27	0.00	0.00%	0.00
Arch Indices Investment Advisors LLC	2.10	1.57	74.90%	1.57
Langar Investment Management LLC	1.85	0.30	16.24%	1.61
DriveWealth LLC	0.76	0.00	0.00%	0.00
ONEFUND LLC	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.

Ron Day

| Contact: [email protected]

Ron Day is Managing Editor at etf.com. He joined the company in October 2022 and previously served as editor and deputy managing editor.

Ron covered business and financial news at Bloomberg News for 20 years, working on the breaking news, technology, commodities, headlines and First Word teams. He was previously senior editor at ESG news outlet Karma Impact and filled the same role at Boundless Impact. He also covered a variety of beats at New Jersey daily papers including the Daily Record in Parsippany, the North Jersey Herald & News and the Asbury Park Press. Ron's freelance work has been published in AARP.com, Investopedia.com and BigThink.com.

Ron is an advocate and fan of literacy. He hopes to one day master his Telecaster, rather than the other way around. His wonderful family includes a 10-lb. malti-poo named Emmy.

View Bio Follow Author