Equity ETFs on Top Despite Market Decline

Equity ETFs on Top Despite Market Decline

And fixed income funds pulled in nearly $4 billion last week.  

ShubhamSaharan_white_bg
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Reviewed by: Shubham Saharan
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Edited by: Shubham Saharan

U.S. equity exchange-traded funds reversed losses from prior weeks as investors flocked to U.S. stock ETFs despite a market downturn.  

U.S. equity funds pulled in just over $7 billion in the week ending March 10, according to etf.com data. That’s a shift from the $9 billion that left the asset class the week prior. 

The top asset gatherer of the week was the SPDR S&P 500 ETF Trust (SPY), which lured in $5.2 billion, compared with the $8.8 billion that exited the fund the week before. Other funds that attracted the most inflows included the iShares Core S&P 500 ETF (IVV) and the Invesco QQQ Trust (QQQ), which collectively pulled in nearly $1.6 billion.  

The uptick in interest in U.S. equity ETFs comes despite a rough week for stock markets. The S&P 500 dipped 4.5% during the trading week, its worst performance in nearly six months, as fears reverberated through markets that bank stress following the closure of SVB could send more firms under. The Nasdaq slumped 4.7% during the same period.  

Meanwhile, U.S. fixed income ETFs brought in nearly $4 billion during the week. That’s a 15% drop from the $4.6 billion that the asset class drew in the previous week. Bond funds that saw the greatest inflows included the SPDR Bloomberg 1-3 Month T-Bill ETF (BIL), the iShares 20+ Year Treasury Bond ETF (TLT) and the iShares Core U.S. Aggregate Bond ETF (AGG).  

On the other side of the ledger, ETFs with the greatest outflows included the Invesco Russell 1000 Dynamic Multifactor ETF (OMFL) and the SPDR Gold Trust (GLD)

 

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

 

Top 10 Creations (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
SPYSPDR S&P 500 ETF Trust5,171.14353,651.881.46%
BILSPDR Bloomberg 1-3 Month T-Bill ETF933.4527,550.193.39%
IVViShares Core S&P 500 ETF864.57293,936.600.29%
TLTiShares 20+ Year Treasury Bond ETF843.5831,402.632.69%
QQQInvesco QQQ Trust656.60156,535.650.42%
MBBiShares MBS ETF452.5624,995.961.81%
VOOVanguard S&P 500 ETF415.79271,302.510.15%
QQQMInvesco NASDAQ 100 ETF396.137,326.125.41%
IWMiShares Russell 2000 ETF393.6452,073.730.76%
AGGiShares Core U.S. Aggregate Bond ETF309.7185,931.230.36%

 

Top 10 Redemptions (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
OMFLInvesco Russell 1000 Dynamic Multifactor ETF-637.962,605.51-24.49%
GLDSPDR Gold Trust-614.2453,071.60-1.16%
SCHRSchwab Intermediate-Term U.S. Treasury ETF-567.036,984.95-8.12%
DIASPDR Dow Jones Industrial Average ETF Trust-558.3427,315.54-2.04%
EWYiShares MSCI South Korea ETF-502.863,281.23-15.33%
JNKSPDR Bloomberg High Yield Bond ETF-401.006,900.31-5.81%
XLEEnergy Select Sector SPDR Fund-374.8739,663.26-0.95%
XLKTechnology Select Sector SPDR Fund-365.1840,001.60-0.91%
XLVHealth Care Select Sector SPDR Fund-341.9137,653.24-0.91%
SHYiShares 1-3 Year Treasury Bond ETF-290.3025,995.41-1.12%

 

ETF Weekly Flows By Asset Class

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity7,046.763,920,979.390.18%
International Equity581.521,215,050.360.05%
U.S. Fixed Income3,938.751,183,189.290.33%
International Fixed Income404.86144,989.900.28%
Commodities-804.02126,714.73-0.63%
Currency28.703,482.500.82%
Leveraged25.8648,987.440.05%
Inverse24.8326,272.890.09%
Asset Allocation-39.4315,942.89-0.25%
Alternatives-133.427,376.57-1.81%
Total:11,074.436,692,985.960.17%

 

Asset Classes (Year-to-Date)

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity-5,867.833,920,979.39-0.15%
International Equity29,069.381,215,050.362.39%
U.S. Fixed Income26,703.531,183,189.292.26%
International Fixed Income5,769.02144,989.903.98%
Commodities-1,392.56126,714.73-1.10%
Currency-329.733,482.50-9.47%
Leveraged-51.7848,987.44-0.11%
Inverse5,140.3126,272.8919.57%
Asset Allocation-1,892.8215,942.89-11.87%
Alternatives-45.767,376.57-0.62%
Total:57,101.776,692,985.960.85%

 

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

TickerNameWeekly PerformanceWeekly VolumeAUM ($, mm)
SPKXConvexityShares 1x SPIKES Futures ETF11.65%16,8480.91
VXXiPath Series B S&P 500 VIX Short Term Futures ETN10.90%7,251,159251.60
VIXYProShares VIX Short-Term Futures ETF10.84%24,175,684273.57
BDRYBreakwave Dry Bulk Shipping ETF8.42%1,660,714111.94
GRNiPath Series B Carbon ETN6.60%14,47954.60
NOPENoble Absolute Return ETF6.03%529,71139.74
KEUAKraneShares European Carbon Allowance Strategy ETF5.78%312,00140.61
VIXMProShares VIX Mid-Term Futures ETF5.25%171,63065.55
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN5.14%112,54444.11
CYASimplify Tail Risk Strategy ETF4.61%130,08219.25

 

Top 10 YTD Performers

TickerNameYTD PerformanceWeekly PerformanceAUM ($, mm)
WGMIValkyrie Bitcoin Miners ETF46.31%-12.08%4.28
DAMVanEck Digital Assets Mining ETF39.43%-12.26%1.04
DAPPVanEck Digital Transformation ETF32.96%-12.13%23.13
BITQBitwise Crypto Industry Innovators ETF32.15%-10.76%46.36
IBLCiShares Blockchain and Tech ETF31.47%-9.30%5.21
SATOInvesco Alerian Galaxy Crypto Economy ETF27.11%-9.56%2.27
BITSGlobal X Blockchain and Bitcoin Strategy ETF26.97%-10.93%8.44
ARKWARK Next Generation Internet ETF25.97%-4.80%1,191.95
FDIGFidelity Crypto Industry and Digital Payments ETF25.93%-9.02%22.39
ARKFARK Fintech Innovation ETF22.71%-4.68%814.13

 

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.

Shubham Saharan is a markets reporter at etf.com. Before joining the company, she reported for Bloomberg and the Financial Times. Saharan is a graduate of Barnard College of Columbia University.