ETFs Post Rare Weekly Outflow as SPY, IVV Bleed Assets

ETFs registered a rare outflow last week as stocks tread water during the holiday-shortened trading week.

On net, investors pulled $2.2 billion out of U.S.-listed exchange-traded funds during the week ending Friday, Dec. 27, according to the latest data from Bloomberg.

Still, even after those relatively modest outflows, U.S.-listed ETFs held onto more than $1.1 trillion of inflows for 2024 as a whole.

We’ll have the final tally later this week, but regardless of what happens in the last two trading sessions of the year, 2024 will easily lay claim to the all-time high for ETF inflows, topping the previous annual record of $900 billion from 2021.

Outflows for SPY, Inflows for VOO

Taking a look at individual ETFs, outflows of $6.9 billion from the world’s largest ETF, the SPDR S&P 500 ETF Trust (SPY), more than offset $6 billion of inflows for the Vanguard S&P 500 ETF (VOO).

Other big weekly flows winners included the Vanguard FTSE Developed Markets ETF (VEA), the Schwab Dividend Equity ETF (SCHD), the iShares Russell 1000 Value ETF (IWD), and the Vanguard Total World Stock ETF (VT)—with inflows ranging from $550 million to $1.6 billion.

Those ETFs, along with the aforementioned VOO, made up the five ETFs with the largest inflows last week.

On the other side of the ledger, SPY was joined by the iShares Core S&P 500 ETF (IVV), the iShares Rusell 2000 ETF (IWM), the Vanguard S&P 500 Growth ETF (VOOG), and the Vanguard Extended Market ETF (VXF).

Each of those ETFs had outflows ranging from $2.2 billion to $5.6 billion.

Other notable flows losers included the Invesco QQQ Trust (QQQ), with weekly outflows of $1.5 billion; the SPDR Dow Jones Industrial Average ETF Trust (DIA), with outflows of $1.4 billion; and the Pacer US Cash Cows 100 ETF (COWZ), with outflows of just short of $1 billion.