Equity ETFs on Top Despite Market Decline
And fixed income funds pulled in nearly $4 billion last week.
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 $4.6 billion that the asset class drew in the previous week. Bond funds that saw the greatest inflows included the SPDR Bloomberg 1-3 Month T-Bill ETF (BIL), the iShares 20+ Year Treasury Bond ETF (TLT) and the iShares Core U.S. Aggregate Bond ETF (AGG).
On the other side of the ledger, ETFs with the greatest outflows included the Invesco Russell 1000 Dynamic Multifactor ETF (OMFL) and the SPDR Gold Trust (GLD).
For a full list of last week’s top inflows and outflows, see the tables below:
Top 10 Creations (All ETFs)
| Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
| SPY | SPDR S&P 500 ETF Trust | 5,171.14 | 353,651.88 | 1.46% |
| BIL | SPDR Bloomberg 1-3 Month T-Bill ETF | 933.45 | 27,550.19 | 3.39% |
| IVV | iShares Core S&P 500 ETF | 864.57 | 293,936.60 | 0.29% |
| TLT | iShares 20+ Year Treasury Bond ETF | 843.58 | 31,402.63 | 2.69% |
| QQQ | Invesco QQQ Trust | 656.60 | 156,535.65 | 0.42% |
| MBB | iShares MBS ETF | 452.56 | 24,995.96 | 1.81% |
| VOO | Vanguard S&P 500 ETF | 415.79 | 271,302.51 | 0.15% |
| QQQM | Invesco NASDAQ 100 ETF | 396.13 | 7,326.12 | 5.41% |
| IWM | iShares Russell 2000 ETF | 393.64 | 52,073.73 | 0.76% |
| AGG | iShares Core U.S. Aggregate Bond ETF | 309.71 | 85,931.23 | 0.36% |
Top 10 Redemptions (All ETFs)
| Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
| OMFL | Invesco Russell 1000 Dynamic Multifactor ETF | -637.96 | 2,605.51 | -24.49% |
| GLD | SPDR Gold Trust | -614.24 | 53,071.60 | -1.16% |
| SCHR | Schwab Intermediate-Term U.S. Treasury ETF | -567.03 | 6,984.95 | -8.12% |
| DIA | SPDR Dow Jones Industrial Average ETF Trust | -558.34 | 27,315.54 | -2.04% |
| EWY | iShares MSCI South Korea ETF | -502.86 | 3,281.23 | -15.33% |
| JNK | SPDR Bloomberg High Yield Bond ETF | -401.00 | 6,900.31 | -5.81% |
| XLE | Energy Select Sector SPDR Fund | -374.87 | 39,663.26 | -0.95% |
| XLK | Technology Select Sector SPDR Fund | -365.18 | 40,001.60 | -0.91% |
| XLV | Health Care Select Sector SPDR Fund | -341.91 | 37,653.24 | -0.91% |
| SHY | iShares 1-3 Year Treasury Bond ETF | -290.30 | 25,995.41 | -1.12% |
ETF Weekly Flows By Asset Class
| Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
| U.S. Equity | 7,046.76 | 3,920,979.39 | 0.18% |
| International Equity | 581.52 | 1,215,050.36 | 0.05% |
| U.S. Fixed Income | 3,938.75 | 1,183,189.29 | 0.33% |
| International Fixed Income | 404.86 | 144,989.90 | 0.28% |
| Commodities | -804.02 | 126,714.73 | -0.63% |
| Currency | 28.70 | 3,482.50 | 0.82% |
| Leveraged | 25.86 | 48,987.44 | 0.05% |
| Inverse | 24.83 | 26,272.89 | 0.09% |
| Asset Allocation | -39.43 | 15,942.89 | -0.25% |
| Alternatives | -133.42 | 7,376.57 | -1.81% |
| Total: | 11,074.43 | 6,692,985.96 | 0.17% |
Asset Classes (Year-to-Date)
| Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
| U.S. Equity | -5,867.83 | 3,920,979.39 | -0.15% |
| International Equity | 29,069.38 | 1,215,050.36 | 2.39% |
| U.S. Fixed Income | 26,703.53 | 1,183,189.29 | 2.26% |
| International Fixed Income | 5,769.02 | 144,989.90 | 3.98% |
| Commodities | -1,392.56 | 126,714.73 | -1.10% |
| Currency | -329.73 | 3,482.50 | -9.47% |
| Leveraged | -51.78 | 48,987.44 | -0.11% |
| Inverse | 5,140.31 | 26,272.89 | 19.57% |
| Asset Allocation | -1,892.82 | 15,942.89 | -11.87% |
| Alternatives | -45.76 | 7,376.57 | -0.62% |
| Total: | 57,101.77 | 6,692,985.96 | 0.85% |
Top 10 Weekly Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded
| Ticker | Name | Weekly Performance | Weekly Volume | AUM ($, mm) |
| SPKX | ConvexityShares 1x SPIKES Futures ETF | 11.65% | 16,848 | 0.91 |
| VXX | iPath Series B S&P 500 VIX Short Term Futures ETN | 10.90% | 7,251,159 | 251.60 |
| VIXY | ProShares VIX Short-Term Futures ETF | 10.84% | 24,175,684 | 273.57 |
| BDRY | Breakwave Dry Bulk Shipping ETF | 8.42% | 1,660,714 | 111.94 |
| GRN | iPath Series B Carbon ETN | 6.60% | 14,479 | 54.60 |
| NOPE | Noble Absolute Return ETF | 6.03% | 529,711 | 39.74 |
| KEUA | KraneShares European Carbon Allowance Strategy ETF | 5.78% | 312,001 | 40.61 |
| VIXM | ProShares VIX Mid-Term Futures ETF | 5.25% | 171,630 | 65.55 |
| VXZ | iPath Series B S&P 500 VIX Mid-Term Futures ETN | 5.14% | 112,544 | 44.11 |
| CYA | Simplify Tail Risk Strategy ETF | 4.61% | 130,082 | 19.25 |
Top 10 YTD Performers
| Ticker | Name | YTD Performance | Weekly Performance | AUM ($, mm) |
| WGMI | Valkyrie Bitcoin Miners ETF | 46.31% | -12.08% | 4.28 |
| DAM | VanEck Digital Assets Mining ETF | 39.43% | -12.26% | 1.04 |
| DAPP | VanEck Digital Transformation ETF | 32.96% | -12.13% | 23.13 |
| BITQ | Bitwise Crypto Industry Innovators ETF | 32.15% | -10.76% | 46.36 |
| IBLC | iShares Blockchain and Tech ETF | 31.47% | -9.30% | 5.21 |
| SATO | Invesco Alerian Galaxy Crypto Economy ETF | 27.11% | -9.56% | 2.27 |
| BITS | Global X Blockchain and Bitcoin Strategy ETF | 26.97% | -10.93% | 8.44 |
| ARKW | ARK Next Generation Internet ETF | 25.97% | -4.80% | 1,191.95 |
| FDIG | Fidelity Crypto Industry and Digital Payments ETF | 25.93% | -9.02% | 22.39 |
| ARKF | ARK Fintech Innovation ETF | 22.71% | -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.
