ETFs Add $21.5B Last Week

Dan Mika

May 23, 2022

Reviewed by: Dan Mika

Edited by: Dan Mika

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U.S.-listed ETFs took in more than $21.5 billion in new assets in the week ending May 20, the largest haul since early April, and a sign of confidence despite nearly all asset classes suffering this year amid economic uncertainty.

Investors even added net inflows of just over $7 billion on Friday despite the S&P 500 momentarily dipping into bear market territory in intraday trading before rallying to nearly flat to close the week.

The U.S. ETF industry has added $224.9 billion in net assets year to date, according to ETF.com data provider FactSet, and manages more than $6.3 trillion in assets.

Large Caps, Safety Plays Gain

The iShares Core S&P 500 ETF (IVV) led all funds, with a whopping gain just shy of $5 billion, followed by a $1.9 billion inflow into the iShares Core High Dividend ETF (HDV). Other large cap funds gained on the week as well, with the Invesco QQQ Trust (QQQ) adding $1.2 billion and the SPDR S&P 500 ETF Trust (SPY) adding just over $1 billion.

Treasury ETFs rounded out the top inflows list within the fixed income category, leaning heavily toward safer short-term maturities.

The iShares Short Treasury Bond ETF (SHV) added $1.5 billion, while the SPDR Bloomberg 1-3 Month T-Bill ETF (BIL), the Vanguard Intermediate-Term Treasury Index ETF (VGIT) and the iShares TIPS Bond ETF (TIP) had combined inflows of $2.35 billion. Those inflows come despite a $576 million outflow from the SPDR Portfolio Short Term Treasury ETF (SPTS).

Defensive-tilted equity strategies also took in significant assets. The iShares S&P Small-Cap 600 Value ETF (IJS) and the iShares MSCI Emerging Markets Min Vol Factor ETF (EEMV) combined took in $2.2 billion.

Outflows Across Equity Types

Fears of a recession amid multiple macroeconomic head winds appeared to drive outflows across multiple ETFs across the equity asset class.

The iShares Core S&P Small-Cap ETF (IJR) led outflows, with a $1.3 billion loss, followed by the Financial Select Sector SPDR Fund (XLF), with a $1.3 billion outflow.

The iShares Russell 2000 ETF (IWM) and the iShares MSCI USA Value Factor ETF (VLUE) lost a combined $1.8 billion, showing fears across the market capitalization range, while the iShares ESG Aware MSCI EM ETF (ESGE) and the ESG Aware MSCI USA ETF (ESGU) combined to lose $1.17 billion on the week.

Commodities as an asset class posted a combined outflow of $959 million, driven primarily by a $1.04 billion outflow from the iShares GSCI Commodity Dynamic Roll Strategy ETF (COMT).

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	4,997.80	281,792.22	1.77%
HDV	iShares Core High Dividend ETF	1,897.27	11,917.09	15.92%
SHV	iShares Short Treasury Bond ETF	1,583.41	20,230.22	7.83%
QQQ	Invesco QQQ Trust	1,262.75	158,512.01	0.80%
IJS	iShares S&P Small-Cap 600 Value ETF	1,200.77	8,173.30	14.69%
EEMV	iShares MSCI Emerging Markets Min Vol Factor ETF	1,018.91	4,447.64	22.91%
SPY	SPDR S&P 500 ETF Trust	1,001.89	352,025.12	0.28%
BIL	SPDR Bloomberg 1-3 Month T-Bill ETF	822.89	18,845.46	4.37%
VGIT	Vanguard Intermediate-Term Treasury Index ETF	765.34	9,147.85	8.37%
TIP	iShares TIPS Bond ETF	760.90	31,786.32	2.39%

Top 10 Redemptions (All ETFs)

Ticker	Name	Net Flows ($,mm)	AUM ($, mm)	AUM % Change
IJR	iShares Core S&P Small-Cap ETF	-1,380.91	62,492.11	-2.21%
XLF	Financial Select Sector SPDR Fund	-1,331.22	32,326.22	-4.12%
COMT	iShares GSCI Commodity Dynamic Roll Strategy ETF	-1,037.20	3,242.30	-31.99%
IWM	iShares Russell 2000 ETF	-1,015.71	51,843.73	-1.96%
VLUE	iShares MSCI USA Value Factor ETF	-862.91	10,079.98	-8.56%
IYE	iShares U.S. Energy ETF	-705.40	3,134.07	-22.51%
ESGE	iShares ESG Aware MSCI EM ETF	-620.02	5,192.69	-11.94%
SPTS	SPDR Portfolio Short Term Treasury ETF	-576.56	3,570.16	-16.15%
IXN	iShares Global Tech ETF	-554.97	3,636.02	-15.26%
ESGU	iShares ESG Aware MSCI USA ETF	-550.96	21,703.47	-2.54%

ETF Weekly Flows By Asset Class

	Net Flows ($, mm)	AUM ($, mm)	% of AUM
U.S. Equity	11,450.77	3,701,798.30	0.31%
International Equity	1,328.58	1,150,979.33	0.12%
U.S. Fixed Income	9,797.38	1,068,676.38	0.92%
International Fixed Income	-471.36	142,456.76	-0.33%
Commodities	-959.11	162,297.63	-0.59%
Currency	205.98	4,107.41	5.01%
Leveraged	-260.54	48,194.11	-0.54%
Inverse	352.51	19,278.29	1.83%
Asset Allocation	65.66	17,665.83	0.37%
Alternatives	70.65	7,475.60	0.95%
Total:	21,580.51	6,322,929.64	0.34%

Asset Classes (Year-to-Date)

	Net Flows ($, mm)	AUM ($, mm)	% of AUM
U.S. Equity	82,043.11	3,701,798.30	2.22%
International Equity	54,826.78	1,150,979.33	4.76%
U.S. Fixed Income	46,746.33	1,068,676.38	4.37%
International Fixed Income	5,668.58	142,456.76	3.98%
Commodities	17,193.85	162,297.63	10.59%
Currency	1,398.62	4,107.41	34.05%
Leveraged	12,836.17	48,194.11	26.63%
Inverse	3,011.21	19,278.29	15.62%
Asset Allocation	752.73	17,665.83	4.26%
Alternatives	497.57	7,475.60	6.66%
Total:	224,974.95	6,322,929.64	3.56%

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

Ticker	Name	Weekly Performance	Weekly Volume	AUM ($, mm)
RAYS	Global X Solar ETF	13.10%	255,665	8.04
TAN	Invesco Solar ETF	9.85%	5,081,212	2,047.91
CTEX	ProShares S&P Kensho Cleantech ETF	8.84%	1,513	2.81
KGRN	KraneShares MSCI China Clean Technology Index ETF	8.55%	106,766	136.50
CTEC	Global X CleanTech ETF	8.34%	78,518	107.36
PBW	Invesco WilderHill Clean Energy ETF	8.29%	1,237,357	1,029.83
VFIN	Simplify Volt Fintech Disruption ETF	8.20%	7,684	1.15
ICLN	iShares Global Clean Energy ETF	7.77%	24,477,599	4,774.27
HDRO	Defiance Next Gen H2 ETF	7.33%	249,355	48.06
FRNW	Fidelity Clean Energy ETF	7.19%	133,661	27.58

Top 10 YTD Performers

Ticker	Name	YTD Performance	Weekly Performance	AUM ($, mm)
RJN	Elements Rogers International Commodity Index-Energy TR ETN	69.70%	-2.40%	0.00
OILK	ProShares K-1 Free Crude Oil Strategy ETF	45.20%	-3.30%	92.52
GRU	ELEMENTS Linked to ICE BofAML Commodity index eXtra Grains - Total Return ETN	36.36%	-4.94%	0.00
MLPO	Credit Suisse S&P MLP Index ETN	35.98%	0.33%	27.61
RJI	Elements Rogers International Commodity Index-Total Return ETN	34.44%	-1.38%	0.00
FUE	ELEMENTS Linked to the ICE BofAML Commodity Index eXtra Biofuels - Total Return ETN	27.43%	-1.59%	2.41
VIXY	ProShares VIX Short-Term Futures ETF	26.83%	4.62%	309.62
RJA	Elements Rogers International Commodity Index-Agriculture TR ETN	24.05%	-2.45%	0.01
TADS	The Active Dividend Stock ETF	17.40%	0.00%	0.01
VIXM	ProShares VIX Mid-Term Futures ETF	15.64%	1.90%	100.24

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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ETFs Add $21.5B Last Week

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