ETFs Have Inflows This Week Despite Volatility

Year-to-date inflows moved up to $87 billion. 

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

Another week of intense volatility didn't stop investors from adding to their ETF holdings. Remarkably, they added $9.7 billion to U.S.-listed ETFs, even as financial markets swung around violently. Year-to-date inflows moved up to $86.9 billion, well ahead of last year's pace of $18.2 billion.

The S&P 500 fluctuated no less than 3.5% in every session this week. Though there were a couple relief rallies, stocks remained under immense pressure due to fears about the coronavirus. At the same time, Treasuries continued to surge, sending the 10-year yield sharply below 1% for the first time ever (bond prices and yields move inversely).

Treasuries Surge 

Unsurprisingly, given the action of the week, U.S. fixed income ETFs picked up the bulk of new assets. A cool $8.5 billion flowed into the space, including $1.2 billion into the SPDR Bloomberg Barclays 1-3 Month T-Bill ETF (BIL) and $1.2 billion into the iShares 1-3 Year Treasury Bond ETF (SHY)

Interestingly, the iShares iBoxx USD High Yield Corporate Bond ETF (HYG) picked up $2.1 billion, even as prices of junk bonds slid on economic slowdown concerns. 

But even as investors plowed money into fixed income ETFs, they also put a modest amount into U.S. equity ETFs. That segment gathered $1.7 billion in new cash, led by the Vanguard S&P 500 ETF (VOO) and the Utilities Select Sector SPDR Fund (XLU).

Commodity ETFs also managed to eke out a net inflow thanks to buying in the SPDR Gold Trust (GLD). Gold prices toppeed $1,670/oz during the week, close to seven-year highs. 

​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
VOOVanguard S&P 500 ETF4,156.40140,082.992.97%
HYGiShares iBoxx USD High Yield Corporate Bond ETF2,063.1816,395.4212.58%
BILSPDR Bloomberg Barclays 1-3 Month T-Bill ETF1,194.0610,088.7411.84%
SHYiShares 1-3 Year Treasury Bond ETF1,157.9418,535.456.25%
XLUUtilities Select Sector SPDR Fund999.7713,219.827.56%
TIPiShares TIPS Bond ETF824.5122,725.833.63%
IEFiShares 7-10 Year Treasury Bond ETF784.1622,182.153.54%
QQQInvesco QQQ Trust781.0191,000.510.86%
XLEEnergy Select Sector SPDR Fund740.929,269.377.99%
GLDSPDR Gold Trust693.7649,993.611.39%

 

Top 10 Redemptions (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
LQDiShares iBoxx USD Investment Grade Corporate Bond ETF-1,236.1633,698.57-3.67%
XLFFinancial Select Sector SPDR Fund-832.0920,556.51-4.05%
EWJiShares MSCI Japan ETF-819.6110,144.47-8.08%
VNQVanguard Real Estate ETF-687.0937,919.07-1.81%
SHViShares Short Treasury Bond ETF-674.7020,441.85-3.30%
BKLNInvesco Senior Loan ETF-556.534,384.83-12.69%
IVEiShares S&P 500 Value ETF-536.3316,338.77-3.28%
TVIXVelocityShares Daily 2x VIX Short-Term ETN-478.801,027.87-46.58%
EEMiShares MSCI Emerging Markets ETF-461.4226,119.70-1.77%
SPLVInvesco S&P 500 Low Volatility ETF-453.1712,403.14-3.65%

 

ETF Weekly Flows By Asset Class

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity1,660.462,460,764.650.07%
International Equity-2,489.68840,826.70-0.30%
U.S. Fixed Income8,453.24818,762.891.03%
International Fixed Income422.9796,516.270.44%
Commodities ETFs691.4790,943.280.76%
Currency90.921,501.326.06%
Leveraged1,019.6640,271.152.53%
Inverse64.0612,108.240.53%
Asset Allocation12.4710,208.350.12%
Alternatives-219.125,004.27-4.38%
Total:9,706.464,376,907.130.22%

 

Asset Classes (Year-to-Date)

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity23,277.042,460,764.650.95%
International Equity10,808.21840,826.701.29%
U.S. Fixed Income39,272.18818,762.894.80%
International Fixed Income4,977.8996,516.275.16%
Commodities ETFs5,276.8890,943.285.80%
Currency162.791,501.3210.84%
Leveraged3,073.0140,271.157.63%
Inverse180.1112,108.241.49%
Asset Allocation149.6010,208.351.47%
Alternatives-285.075,004.27-5.70%
Total:86,892.654,376,907.131.99%

 

Top 10 Volume Surprises, Funds >$50 mm AUM

TickerNameAverage Volume
(30 Day)
1 Week Average
Volume
% of Average
RBUSNationwide Risk-Based U.S. Equity ETF11,59081,327701.71%
MXDUNationwide Maximum Diversification U.S. Core Equity ETF12,90089,222691.66%
RBINNationwide Risk-Based International Equity ETF6,45644,026681.92%
FUMBFirst Trust Ultra Short Duration Municipal ETF 28,338118,741419.01%
DVPDeep Value ETF199,1151,278,627642.15%
DBPInvesco DB Precious Metals Fund43,154157,898365.90%
CRBNiShares MSCI ACWI Low Carbon Target ETF25,46772,175283.41%
FGMFirst Trust Germany AlphaDEX Fund8,76643,208492.91%
QLTAiShares Aaa-A Rated Corporate Bond ETF80,346244,161303.89%
GNMAiShares GNMA Bond ETF33,49688,164263.21%

 

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

TickerNameWeekly PerformanceWeekly VolumeAUM ($, mm)
GSCGS Connect S&P GSCI Enhanced Commodity TR Strategy ETN16.11%2,53312,403.14
GDXJVanEck Vectors Junior Gold Miners ETF11.48%124,916,3744,947.86
GDXVanEck Vectors Gold Miners ETF11.10%401,134,22812,813.95
SGDJSprott Junior Gold Miners ETF11.02%142,64756.52
RINGiShares MSCI Global Gold Miners ETF10.91%2,907,002406.88
IDUiShares U.S. Utilities ETF10.76%633,9891,221.36
IHFiShares U.S. Healthcare Providers ETF10.72%1,525,611932.76
PUIInvesco DWA Utilities Momentum ETF10.67%364,064148.32
XLUUtilities Select Sector SPDR Fund10.52%223,790,27913,219.82
UTESVirtus Reaves Utilities ETF10.26%35,97736.39

 

Top 10 YTD Performers

TickerNameYTD PerformanceWeekly PerformanceAUM ($, mm)
VIXYProShares VIX Short-Term Futures ETF77.31%0.96%242.89
VIIXVelocityShares Daily Long VIX Short-Term ETN76.64%0.80%29.79
VXXiPath Series B S&P 500 VIX Short Term Futures ETN76.46%0.83%956.33
EVIXVelocityShares 1X Long VSTOXX Futures ETN73.98%-1.89%2.21
PALLAberdeen Standard Physical Palladium Shares ETF29.70%-0.81%396.43
ZROZPIMCO 25+ Year Zero Coupon US Treasury Index ETF24.84%-1.28%420.48
TANInvesco Solar ETF24.45%5.62%671.47
EDVVanguard Extended Duration Treasury ETF22.86%-0.14%1,584.99
VIXMProShares VIX Mid-Term Futures ETF22.17%1.99%35.48
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN21.95%1.62%26.88

 

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.