Big Weekly Outflows From ETFs Except 'GLD'

U.S.-listed ETFs saw net outflows in the latest week, but there were notable winners such as 'GLD,' 'IYR' and others.
Reviewed by: Staff
Edited by: Staff

Renewed market volatility fueled big outflows from certain ETFs this week. The S&P 500 briefly hit a two-month low of 2,026 in the period, while the 10-year bond yield hit a one-month high around 1.89%.

On net, $1.9 billion flowed out of U.S.-listed ETFs in the week ending Thursday, May 19, according to FactSet data. However, the divergence in flows between equity and fixed income was stark.

A total of $4.4 billion flowed out of U.S. equity ETFs and $1.2 billion flowed out of international equity ETFs. In contrast, $2.3 billion flowed into U.S. fixed-income ETFs and $124 million flowed into international fixed-income ETFs.

GLD Tops Inflows List

Additionally, $762 million flowed into commodity products thanks to a $623 million inflow for the SPDR Gold Trust (GLD | A-100), which topped the creations list for individual ETFs.

Other big winners included the iShares U.S. Real Estate ETF (IYR | A-94), with inflows of $470 million; the iShares 7-10 Year Treasury Bond ETF (IEF | A-55), with inflows of $399 million; the iShares MSCI Min Vol USA ETF (USMV | A-69), with inflows of $319 million; and the ProShares Short S&P500 ETF (SH), with inflows of $305 million.

SPY Tops Outflows List

On the other end of the spectrum were broad-market equity ETFs such as the SPDR S&P 500 (SPY | A-97), which had substantial outflows on the week. SPY's outflows totaled $1.6 billion. That was followed by the iShares Russell 2000 ETF (IWM | A-91), with outflows of $1.5 billion; and the iShares MSCI Emerging Markets ETF (EEM | B-100), with outflows of $1.3 billion.

One notable loser in the fixed-income segment was the iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD | A-77), which had outflows of $441 million.

For a full list of top inflows and outflows, see the tables below:

Top 10 Creations (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
GLDSPDR Gold Trust623.3534,588.801.84%
IYRiShares U.S. Real Estate ETF470.344,479.0711.73%
IEFiShares 7-10 Year Treasury Bond ETF398.779,909.014.19%
USMViShares Edge MSCI Min Vol USA ETF319.3512,916.812.54%
SHProShares Short S&P500304.982,948.9811.53%
BIVVanguard Intermediate Term Bond Index Fund301.709,305.253.35%
VTVVanguard Value Index Fund247.9920,355.051.23%
IEFAiShares Core MSCI EAFE ETF235.3611,421.262.10%
XLFFinancial Select Sector SPDR Fund232.6116,248.171.45%
IVViShares Core S&P 500 ETF227.8271,004.790.32%

Top 10 Redemptions (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
SPYSPDR S&P 500 ETF Trust-1,611.92180,286.40-0.89%
IWMiShares Russell 2000 ETF-1,468.9423,258.62-5.94%
EEMiShares MSCI Emerging Markets ETF-1,323.2122,467.01-5.56%
VOOVanguard S&P 500 Index Fund-813.2543,125.37-1.85%
QQQPowerShares QQQ Trust-629.9434,748.55-1.78%
LQDiShares iBoxx $ Investment Grade Corporate Bond ETF-441.1328,389.02-1.53%
XLVHealth Care Select Sector SPDR Fund-390.8411,794.60-3.21%
XLKTechnology Select Sector SPDR Fund-249.3912,264.06-1.99%
XLIIndustrial Select Sector SPDR Fund-244.006,691.87-3.52%
XLYConsumer Discretionary Select Sector SPDR Fund-229.6510,082.68-2.23%

ETF Weekly Flows By Asset Class

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity-4,428.841,198,429.77-0.37%
International Equity-1,214.40468,236.71-0.26%
U.S. Fixed Income2,325.30373,319.790.62%
International Fixed Income124.4432,836.460.38%
Asset Allocation13.995,717.530.24%

Top 10 Volume Surprises, Funds >$50 mm AUM

TickerNameAverage Volume
(30 Day)
1 Week Average
% of Average
KIESPDR S&P Insurance ETF222,034808,043363.93%
DTYSiPath US Treasury 10-Year Bear ETN28,896101,484351.20%
FIBRiShares Edge U.S. Fixed Income Balanced Risk ETF4721,608340.45%
VFHVanguard Financials Index Fund586,0931,703,947290.73%
MVVProShares Ultra MidCap40042,531119,436280.82%
PSPPowerShares Global Listed Private Equity Portfolio174,988380,128217.23%
IEMGiShares Core MSCI Emerging Markets ETF5,669,23912,503,834220.56%
KLDiShares MSCI USA ESG Select ETF10,81026,749247.45%
ZMLPDirexion Zacks MLP High Income Shares20,89937,798180.86%
DBKODeutsche X-trackers MSCI South Korea Hedged Equity ETF80,002125,402156.75%


Disclaimer: All data is from FactSet, 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. is the single source for ETF intelligence. We provide real-time ETF news and analysis to educate investors and drive financial knowledge in the space. Our personalized and accurate information, alongside industry-leading financial tools, are depended upon to develop winning investment and financial decisions. At, we strive to serve both the individual investor as well as the professional financial advisor to educate and grow the ETF community.