Big Weekly Outflows From QQQ, HEDJ, XOP, USO

Though U.S.-listed ETFs saw a modest net inflow for the week ending Thursday, April 21, a number of big-name funds saw outflows.
Reviewed by: Staff
Edited by: Staff

Inflows into U.S.-listed ETFs were only modest this week, as the rally in stocks stalled with the S&P 500 around the 2,100 mark. In the week ending Thursday, April 21, total inflows were $1.1 billion.

Outflows of $913 million from U.S. equity ETFs were offset by inflows of $369 million into international equity ETFs and inflows of $1.4 billion into U.S. fixed-income ETFs.

VOO Tops Inflows

Amidst the lackluster interest in ETFs this week, not a single product registered an inflow greater than $400 million. The Vanguard S&P 500 (VOO | A-98) gained $365 million, while the iPath S&P 500 VIX Short-Term Futures ETN (VXX | B-47) added $317 million.

Also in favor were the iShares MSCI USA Minimum Volatility ETF (USMV | A-73), with inflows of $262 million, and the iShares U.S. Preferred Stock ETF (PFF | B), with inflows of $231 million.

SPY & QQQ Top Outflows

On the outflows side, the SPDR S&P 500 ETF (SPY | A-98) was the biggest loser, with $1.4 billion coming out of the fund. That was closely followed by $1.2 billion in outflows for the PowerShares QQQ (QQQ | A-65).

Other notable names on the outflows list included the WisdomTree Europe Hedged Equity ETF (HEDJ | B-47), the SPDR S&P Oil & Gas Exploration & Production ETF (XOP | A-66) and the United States Oil Fund (USO | B-100).

Top 10 Creations (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
VOOVanguard S&P 500364.7044,858.040.82%
VXXiPath S&P 500 VIX Short-Term Futures ETN317.331,509.0826.63%
XLIIndustrial Select SPDR311.927,154.394.56%
AGGiShares Core U.S. Aggregate Bond287.9935,216.380.82%
IWBiShares Russell 1000273.5715,302.681.82%
USMViShares MSCI USA Minimum Volatility261.6012,309.222.17%
IEMGiShares Core MSCI Emerging Markets255.1310,899.702.40%
PFFiShares U.S. Preferred Stock230.8614,901.001.57%
VEAVanguard FTSE Developed Markets224.4632,436.620.70%
LQDiShares iBoxx $ Investment Grade Corporate Bond214.2228,386.140.76%

Top 10 Redemptions (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
SPYSPDR S&P 500-1,382.84187,808.06-0.73%
QQQPowerShares QQQ-1,184.7637,967.95-3.03%
IWMiShares Russell 2000-414.2225,917.04-1.57%
XLUUtilities Select SPDR-299.557,825.59-3.69%
EWJiShares MSCI Japan-255.2417,038.39-1.48%
HEDJWisdomTree Europe Hedged Equity-237.7813,746.49-1.70%
VXFVanguard Extended Market-202.173,935.51-4.89%
IYRiShares U.S. Real Estate-198.224,129.40-4.58%
XOPSPDR S&P Oil & Gas Exploration & Production-189.011,897.62-9.06%
USOUnited States Oil-183.503,591.88-4.86%

ETF Weekly Flows By Asset Class

Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity-912.701,222,658.99-0.07%
International Equity368.58488,459.270.08%
U.S. Fixed Income1,394.89368,834.700.38%
International Fixed Income111.0431,803.320.35%
Asset Allocation12.725,689.270.22%

Top 10 Volume Surprises, Funds >$50 mm AUM

TickerNameAverage Volume
(30 Day)
1 Week Average
% of Average
FDTFirst Trust Developed Markets Ex-U.S. AlphaDex68,908320,497465.11%
PSCIPowerShares S&P SmallCap Industrials7,26526,665367.05%
SSTSPDR Barclays Short Term Treasury55,707184,431331.07%
QDFFlexShares Quality Dividend136,329428,748314.50%
FMATFidelity MSCI Materials44,484117,740264.68%
PXEPowerShares Dynamic Energy Exploration & Production21,21051,644243.49%
USLBPowerShares Russell 1000 Low Beta Equal Weight 10,62720,396191.92%
LRGFiShares FactorSelect MSCI USA 25,34454,219213.93%
IDLBPowerShares FTSE International Low Beta Equal Weight10,97120,770189.32%
IQDEFlexShares International Quality Dividend Defensive11,47527,734241.69%

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.