ETF Inflows Strong To Start 2021

Investors added nearly $17 billion to U.S.-listed ETFs during the week. 

sumit
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Senior ETF Analyst
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Reviewed by: Sumit Roy
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Edited by: Sumit Roy

After setting a fresh annual record in 2020, ETF inflows kept up their robust pace during the first week of 2021. On net, investors added $16.8 billion to U.S.-listed ETFs during the first week of the new year. That data, which measures the holiday-shortened week ending Thursday, Jan. 7, showed U.S. equity ETFs taking an early lead on the flows charts, led by the SPDR S&P 500 ETF Trust (SPY), the iShares Russell 2000 ETF (IWM) and the Financial Select Sector SPDR Fund (XLF).

The S&P 500 raced to record highs this week, topping 3,800 for the first time as investors anticipated fresh stimulus measures following the inauguration of President-elect Biden later this month. With Congress in Democrats' hands following two victories in Georgia's Senate runoff elections, expectations are that fiscal spending could ramp up significantly in the coming months. 

Yield Spike

Those expectations sent bond yields surging. The 10-year Treasury bond yield topped 1.12% for the first time since last March this week, pushing many bond ETFs lower (bond prices and yields move inversely). The spike in yields also had a negtive effect on gold, which tumbled to a one-month low below $1,850/oz during the week.

Nevertheless, ETF investors still added to their bond and gold holdings. U.S. fixed income ETFs had net inflows of $742 million during the period, while the SPDR Gold Trust (GLD)  registered inflows of $684 million.

On the other hand, investors lightened up on some of their tech exposure. The Invesco QQQ Trust (QQQ), which was one of last year's top performers, saw outflows of nearly $2 billion.

For a full list of this 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 Trust2,865.18331,227.170.87%
IWMiShares Russell 2000 ETF2,263.1463,376.573.57%
XLFFinancial Select Sector SPDR Fund2,174.5827,775.047.83%
OMFLInvesco Russell 1000 Dynamic Multifactor ETF823.982,156.6538.21%
XLEEnergy Select Sector SPDR Fund749.1015,410.454.86%
VTIVanguard Total Stock Market ETF711.41203,029.050.35%
XLBMaterials Select Sector SPDR Fund688.006,162.2711.16%
GLDSPDR Gold Trust683.6573,397.230.93%
BNDVanguard Total Bond Market ETF606.0768,274.230.89%
ARKKARK Innovation ETF410.8718,625.152.21%

 

Top 10 Redemptions (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
QQQInvesco QQQ Trust-1,974.90146,878.02-1.34%
HYGiShares iBoxx USD High Yield Corporate Bond ETF-1,086.2924,659.71-4.41%
IYRiShares U.S. Real Estate ETF-1,063.944,209.66-25.27%
SHViShares Short Treasury Bond ETF-815.6217,016.12-4.79%
PDPInvesco DWA Momentum ETF-380.451,985.48-19.16%
IVWiShares S&P 500 Growth ETF-364.8331,406.07-1.16%
SCHOSchwab Short-Term U.S. Treasury ETF-321.197,479.47-4.29%
IYMiShares U.S. Basic Materials ETF-316.93621.95-50.96%
TLTiShares 20+ Year Treasury Bond ETF-293.3618,048.69-1.63%
IJKiShares S&P Mid-Cap 400 Growth ETF-285.017,864.78-3.62%

 

ETF Weekly Flows By Asset Class

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity10,249.143,128,860.900.33%
International Equity3,891.701,083,067.220.36%
U.S. Fixed Income742.74965,530.970.08%
International Fixed Income858.15124,335.320.69%
Commodities993.63148,899.480.67%
Currency-33.391,885.71-1.77%
Leveraged-847.8945,039.87-1.88%
Inverse779.6311,528.556.76%
Asset Allocation3.9513,323.240.03%
Alternatives169.615,546.283.06%
Total:16,807.265,528,017.520.30%

 

Asset Classes (Year-to-Date)

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity10,249.143,128,860.900.33%
International Equity3,891.701,083,067.220.36%
U.S. Fixed Income742.74965,530.970.08%
International Fixed Income858.15124,335.320.69%
Commodities993.63148,899.480.67%
Currency-33.391,885.71-1.77%
Leveraged-847.8945,039.87-1.88%
Inverse779.6311,528.556.76%
Asset Allocation3.9513,323.240.03%
Alternatives169.615,546.283.06%
Total:16,807.265,528,017.520.30%

 

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

TickerNameWeekly PerformanceWeekly VolumeAUM ($, mm)
THCXThe Cannabis ETF13.21%897,57157.02
PSCEInvesco S&P SmallCap Energy ETF13.17%627,60632.85
POTXGlobal X Cannabis ETF13.01%865,34345.28
PXIInvesco DWA Energy Momentum ETF12.42%41,00122.21
XESSPDR S&P Oil & Gas Equipment & Services ETF12.25%381,317148.92
FCGFirst Trust Natural Gas ETF11.94%3,008,863117.67
PSCMInvesco S&P SmallCap Materials ETF11.81%78,41313.90
OIHVanEck Vectors Oil Services ETF11.52%1,643,516838.78
IEZiShares U.S. Oil Equipment & Services ETF11.51%1,256,23188.91
CNBSAmplify Seymour Cannabis ETF11.50%514,33230.11

 

Top 10 YTD Performers

TickerNameYTD PerformanceWeekly PerformanceAUM ($, mm)
FUEElements MLCX Biofuels Index-Total Return ETN25.59%11.20%0.46
AAAUGoldman Sachs Physical Gold ETF20.86% 521.88
POTXGlobal X Cannabis ETF19.29%13.01%45.28
THCXThe Cannabis ETF17.92%13.21%57.02
CNBSAmplify Seymour Cannabis ETF15.53%11.50%30.11
PSCEInvesco S&P SmallCap Energy ETF15.49%13.17%32.85
MJETFMG Alternative Harvest ETF15.12%11.17%1,105.65
XESSPDR S&P Oil & Gas Equipment & Services ETF14.01%12.25%148.92
FCGFirst Trust Natural Gas ETF13.72%11.94%117.67
PXIInvesco DWA Energy Momentum ETF13.70%12.42%22.21

 

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.

Sumit Roy is the senior ETF analyst for etf.com, where he has worked for 13 years. He creates a variety of content for the platform, including news articles, analysis pieces, videos and podcasts.

Before joining etf.com, Sumit was the managing editor and commodities analyst for Hard Assets Investor. In those roles, he was responsible for most of the operations of HAI, a website dedicated to education about commodities investing.

Though he still closely follows the commodities beat, Sumit covers a much broader assortment of topics for etf.com, with a particular focus on stock and bond exchange-traded funds.

He is the host of etf.com’s Talk ETFs, a popular video series that features weekly interviews with thought leaders in the ETF industry. Sumit is also co-host of Exchange Traded Fridays, etf.com’s weekly podcast series.

He lives in the San Francisco Bay Area, where he enjoys climbing the city’s steep hills, playing chess and snowboarding in Lake Tahoe.