2020 ETF Inflows Now Second Largest Ever

ETFs have picked up $333 billion of new assets this year, the second-largest annual haul ever. 

sumit
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Senior ETF Analyst
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Reviewed by: Sumit Roy
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Edited by: Sumit Roy

Another week of losses in U.S. stock markets didn't stem the flow of funds into ETFs. A mammoth $36.5 billion entered U.S.-listed ETFs during the week ending Thursday, Sept. 17, according to the latest data from FactSet. That's the largest weekly inflow since late last year and may have been fueled by tax-related heartbeat trades (notice all the Vanguard ETFs on this week's top inflows list)—or maybe not—we'll know for sure next week.

In either case, inflows are inflows, and this week's spoils pushed year-to-date inflows up to $332.5 billion, well ahead of the $197 billion seen at this time a year ago.

In fact, 2020's ETF inflows have now surpassed 2019's total inflows of $326 billion, which was the second-largest annual haul ever. Now only $144 billion stands between 2020 and 2017's record $476.1 billion haul. There are more than three months to close that gap, ample time to make this year one for the record books.

Fixed Income Leads Equities 

U.S. equity ETFs had the bulk of the inflows this week, but on a year-to-date basis, U.S. fixed income ETFs still lead, with creations of $141 billion versus $104 billion. A big chunk of this year's U.S. equity ETF inflows have gone into the tech-heavy Invesco QQQ Trust (QQQ)—$12.2 billion—though the fund registered outflows of nearly $2 billion in the past week as tech stocks continued to pull back from their all-time highs.

For equity ETFs, only the Vanguard S&P 500 ETF (VOO) and the Vanguard Total Stock Market ETF (VTI) have gathered more assets than QQQ this year, $23.5 billion and $17.7 billion, respectively.

Meanwhile, for fixed income, the iShares iBoxx USD Investment Grade Corporate Bond ETF (LQD), the Vanguard Intermediate-Term Corporate Bond ETF (VCIT), the Vanguard Total Bond Market ETF (BND)  and the iShares iBoxx USD High Yield Corporate Bond ETF (HYG) led the way, each with inflows of more than $10 billion for the year.

Finally, the SPDR Gold Trust (GLD) has been far and away the most popular commodity fund of the year, and the second most popular of all ETFs, with inflows of $19.6 billion for 2020. GLD's total assets under management stand at $78.6 billion currently. 

 

Top 10 Creations (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
IVViShares Core S&P 500 ETF4,139.31217,163.601.91%
SPYSPDR S&P 500 ETF Trust2,395.16302,870.070.79%
VTIVanguard Total Stock Market ETF2,383.45164,524.881.45%
VOOVanguard S&P 500 ETF1,752.90162,920.251.08%
SCHGSchwab U.S. Large-Cap Growth ETF1,528.9113,571.2911.27%
VBVanguard Small-Cap ETF1,429.0330,214.884.73%
VUGVanguard Growth ETF1,415.0461,480.852.30%
VXFVanguard Extended Market ETF1,411.0011,407.4512.37%
VOVanguard Mid-Cap ETF1,352.2436,068.793.75%
VXUSVanguard Total International Stock ETF1,100.9426,673.354.13%

 

Top 10 Redemptions (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
QQQInvesco QQQ Trust-1,989.27128,843.11-1.54%
FXNFirst Trust Energy AlphaDEX Fund-380.40140.38-270.98%
GLDSPDR Gold Trust-350.7378,638.39-0.45%
XLUUtilities Select Sector SPDR Fund-260.0011,731.06-2.22%
HYGiShares iBoxx USD High Yield Corporate Bond ETF-244.5730,199.88-0.81%
POCTInnovator S&P 500 Power Buffer ETF - October-211.58210.58-100.48%
VLUEiShares MSCI USA Value Factor ETF-205.136,965.46-2.95%
IWFiShares Russell 1000 Growth ETF-160.8957,844.08-0.28%
EWJiShares MSCI Japan ETF-160.649,977.60-1.61%
EFAViShares MSCI EAFE Min Vol Factor ETF-158.2810,801.16-1.47%

 

ETF Weekly Flows By Asset Class

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity26,876.592,688,383.741.00%
International Equity3,169.49884,743.930.36%
U.S. Fixed Income4,850.40923,916.340.52%
International Fixed Income1,723.77109,974.791.57%
Commodities-494.81152,280.47-0.32%
Currency1.321,925.410.07%
Leveraged220.0938,293.630.57%
Inverse-56.9314,285.42-0.40%
Asset Allocation125.9011,071.621.14%
Alternatives100.125,116.401.96%
Total:36,515.954,829,991.760.76%

 

Asset Classes (Year-to-Date)

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity103,862.142,688,383.743.86%
International Equity12,182.68884,743.931.38%
U.S. Fixed Income141,239.47923,916.3415.29%
International Fixed Income13,220.57109,974.7912.02%
Commodities44,349.10152,280.4729.12%
Currency590.971,925.4130.69%
Leveraged2,973.0238,293.637.76%
Inverse13,377.9914,285.4293.65%
Asset Allocation1,023.3811,071.629.24%
Alternatives-280.925,116.40-5.49%
Total:332,538.404,829,991.766.88%

 

Top 10 Weekly Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded

TickerNameWeekly PerformanceWeekly VolumeAUM ($, mm)
IBBJDefiance NASDAQ Junior Biotechnology ETF10.08%36,8632.68
PTHInvesco DWA Healthcare Momentum ETF8.87%91,874497.72
BTECPrincipal Healthcare Innovators Index ETF8.66%23,50495.98
FUEElements MLCX Biofuels Index-Total Return ETN8.47%2,6500.35
LITGlobal X Lithium & Battery Tech ETF8.16%1,112,219764.93
BBPVirtus LifeSci Biotech Products ETF7.97%5,49026.67
XBISPDR S&P Biotech ETF7.90%16,028,6916,296.92
IDNAiShares Genomics Immunology and Healthcare ETF7.87%113,901147.61
ARKGARK Genomic Revolution ETF7.63%2,288,6062,168.05
ARKKARK Innovation ETF7.59%7,281,4298,566.94

 

Top 10 YTD Performers

TickerNameYTD PerformanceWeekly PerformanceAUM ($, mm)
XVZiPath S&P 500 Dynamic VIX ETN107.68%1.56%9.76
VIXMProShares VIX Mid-Term Futures ETF87.55%1.31%99.42
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN86.76%0.97%30.46
ARKGARK Genomic Revolution ETF85.71%7.63%2,168.05
TANInvesco Solar ETF83.96%7.13%1,345.20
ARKKARK Innovation ETF83.10%7.59%8,566.94
ARKWARK Next Generation Internet ETF82.39%5.77%2,356.08
QCLNFirst Trust NASDAQ Clean Edge Green Energy Index Fund70.80%7.38%557.07
ONLNProShares Online Retail ETF69.85%1.79%297.54
PBWInvesco WilderHill Clean Energy ETF69.47%6.28%671.95

 

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 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.