Delta Variant Spurs ETF Outflow For Week

Jul 23, 2021

Reviewed by: Dan Mika

Edited by: Dan Mika

U.S.-listed ETFs had net outflows of a little under $1.5 billion this week after Wall Street had its worst day in months, marking the third week this year that investors have pulled money out of the industry.

Fears over the growing surge of COVID-19 variants around the world and the potential for slowing recovery sent the S&P 500 into a 1.5% decline on Monday as investors sought more risk-off positions.

However, a slew of strong corporate earnings led to an immediate bounce-back on Tuesday and continued positive days through the end of Thursday, July 22.

Cumulative inflows for U.S.-listed funds now stand at just over $496.2 billion and well within striking distance of the milestone $500 billion inflow mark.

US Equities Slip Bear Brunt

The sell-off on Monday primarily hit U.S. equity funds hard, with the asset class losing $6.7 billion compared to inflows of $3.6 billion and $1.5 billion for international equities and U.S. fixed income, respectively.

The SPDR S&P 500 ETF Trust (SPY) and the Invesco QQQ Trust (QQQ) were the main losers on the week, with respective outflows of $6.1 billion and $4.1 billion.

On the flip side, the iShares Core S&P 500 ETF (IVV) and the Vanguard S&P 500 ETF (VOO) recorded net inflows of $1.9 billion and $1.8 billion, respectively, while the iShares 7-10 Year Treasury Bond ETF (IEF) posted an AUM gain of 11% as fears of short-run inflation continued to percolate.

For a full list of this week’s top inflows and outflows, see the tables below:

Top 10 Creations (All ETFs)

Ticker	Name	Net Flows ($,mm)	AUM ($, mm)	AUM % Change
IVV	iShares Core S&P 500 ETF	1,955.21	293,773.97	0.67%
VOO	Vanguard S&P 500 ETF	1,829.10	240,733.62	0.76%
IEF	iShares 7-10 Year Treasury Bond ETF	1,577.67	14,250.11	11.07%
IEFA	iShares Core MSCI EAFE ETF	1,150.50	97,468.77	1.18%
XLP	Consumer Staples Select Sector SPDR Fund	1,041.23	12,392.42	8.40%
QUAL	iShares MSCI USA Quality Factor ETF	989.07	23,913.90	4.14%
XLV	Health Care Select Sector SPDR Fund	682.86	30,982.50	2.20%
ITOT	iShares Core S&P Total U.S. Stock Market ETF	539.43	40,918.97	1.32%
ARKK	ARK Innovation ETF	516.94	23,472.35	2.20%
IWF	iShares Russell 1000 Growth ETF	512.70	71,739.04	0.71%

Top 10 Redemptions (All ETFs)

Ticker	Name	Net Flows ($,mm)	AUM ($, mm)	AUM % Change
SPY	SPDR S&P 500 ETF Trust	-6,134.01	377,190.65	-1.63%
QQQ	Invesco QQQ Trust	-4,064.98	177,905.96	-2.28%
FTCS	First Trust Capital Strength ETF	-1,833.26	8,312.37	-22.05%
PKW	Invesco BuyBack Achievers ETF	-869.04	1,247.21	-69.68%
LQD	iShares iBoxx USD Investment Grade Corporate Bond ETF	-866.35	39,879.10	-2.17%
IYT	iShares U.S Transportation Average ETF	-556.35	1,656.73	-33.58%
DIA	SPDR Dow Jones Industrial Average ETF Trust	-428.96	30,180.08	-1.42%
DVY	iShares Select Dividend ETF	-421.88	17,633.31	-2.39%
SCZ	iShares MSCI EAFE Small-Cap ETF	-420.05	12,920.71	-3.25%
TLT	iShares 20+ Year Treasury Bond ETF	-411.98	15,790.04	-2.61%

ETF Weekly Flows By Asset Class

	Net Flows ($, mm)	AUM ($, mm)	% of AUM
U.S. Equity	-6,657.42	3,844,664.47	-0.17%
International Equity	3,573.17	1,271,363.64	0.28%
U.S. Fixed Income	1,465.87	1,052,472.28	0.14%
International Fixed Income	309.12	146,240.64	0.21%
Commodities	-623.61	140,567.57	-0.44%
Currency	18.91	1,955.18	0.97%
Leveraged	354.98	60,984.17	0.58%
Inverse	57.43	11,827.26	0.49%
Asset Allocation	152.21	16,612.59	0.92%
Alternatives	-109.37	6,381.57	-1.71%
Total:	-1,458.71	6,553,069.38	-0.02%

Asset Classes (Year-to-Date)

	Net Flows ($, mm)	AUM ($, mm)	% of AUM
U.S. Equity	227,694.62	3,844,664.47	5.92%
International Equity	146,304.35	1,271,363.64	11.51%
U.S. Fixed Income	90,215.20	1,052,472.28	8.57%
International Fixed Income	24,326.82	146,240.64	16.63%
Commodities	-1,786.70	140,567.57	-1.27%
Currency	76.57	1,955.18	3.92%
Leveraged	656.11	60,984.17	1.08%
Inverse	4,387.56	11,827.26	37.10%
Asset Allocation	2,303.29	16,612.59	13.86%
Alternatives	2,058.48	6,381.57	32.26%
Total:	496,236.30	6,553,069.38	7.57%

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

Ticker	Name	Weekly Performance	Weekly Volume	AUM ($, mm)
IXN	iShares Global Tech ETF	505.16%	2,045,180	4,517.70
IHI	iShares U.S. Medical Devices ETF	502.79%	4,714,208	7,863.02
JO	iPath Series B Bloomberg Coffee Subindex Total Return ETN	10.42%	312,672	95.26
REMX	VanEck Vectors Rare Earth/Strategic Metals ETF	7.61%	1,091,825	865.14
TAN	Invesco Solar ETF	7.17%	5,698,513	3,373.46
QCLN	First Trust NASDAQ Clean Edge Green Energy Index Fund	7.04%	1,330,307	2,691.78
PBW	Invesco WilderHill Clean Energy ETF	6.74%	1,323,710	2,001.69
JFWD	Jacob Forward ETF	6.72%	176,943	4.62
DAPP	VanEck Vectors Digital Transformation ETF	6.65%	99,582	30.22
GAZ	iPath Series B Bloomberg Natural Gas Subindex Total Return ETN	6.64%	23,084	6.11

Top 10 YTD Performers

Ticker	Name	YTD Performance	Weekly Performance	AUM ($, mm)
BDRY	Breakwave Dry Bulk Shipping ETF	238.96%	6.49%	86.65
ILCV	iShares Morningstar Value ETF	133.00%	0.72%	725.54
JJT	iPath Series B Bloomberg Tin Subindex Total Return ETN	83.97%	-0.17%	10.91
FCG	First Trust Natural Gas ETF	64.01%	2.42%	267.08
PXE	Invesco Dynamic Energy Exploration & Production ETF	61.00%	2.14%	83.37
GRN	iPath Series B Carbon ETN	60.82%	-1.91%	56.16
PSCE	Invesco S&P SmallCap Energy ETF	59.59%	2.94%	167.60
REMX	VanEck Vectors Rare Earth/Strategic Metals ETF	56.06%	7.61%	865.14
FRAK	VanEck Vectors Unconventional Oil & Gas ETF	54.62%	1.47%	17.22
XRT	SPDR S&P Retail ETF	50.22%	4.31%	1,083.22

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.

Dan Mika

Dan Mika is a reporter for etf.com. He has previously covered business for the Ames Tribune and Cedar Rapids Gazette in Iowa, and BizWest Media in Fort Collins, Colorado. Dan holds a bachelor's degree in journalism from Truman State University.

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Delta Variant Spurs ETF Outflow For Week

Delta Variant Spurs ETF Outflow For Week

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