ETFs Register Rare Weekly Outflow

Year-to-date inflows dropped to $304.4 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

ETFs registered a rare net outflow this week as U.S. stocks neared correction territory. According to the latest data from FactSet, investors pulled $28.1 billion from U.S.-listed ETFs during the week ending Thursday, Sept. 24, bringing year-to-date inflows down to $304.4 billion (year-to-date inflows were $196.9 billion at this same time a year ago).

Some of this week's chunky outflow may be related to tax-related heartbeat trades from last week. But that doesn't explain all of it. The SPDR S&P 500 ETF Trust (SPY) faced outflows of $7.8 billion this week as the fund's underlying index briefly fell more than 10% below its all-time highs on Thursday. A decline of more than 10% for the index is considered a correction by many on Wall Street.

U.S. equity ETFs were responsible for the bulk of this week's outflows; $27.6 billion came out of the segment. But U.S. fixed income ETFs had outflows as well. 

The iShares iBoxx USD High Yield Corporate Bond ETF (HYG) made up the majority of those outflows. It had redemptions of $3.3 billion during the week as prices for the fund dropped to their lowest level since mid-July.

Bargain Hunting 

On the other side of the spectrum, the Invesco QQQ Trust (QQQ) headlined the weekly inflows list this week, despite a continued sell-off in technology names.

At the same time, the SPDR Gold Trust (GLD) added $1.3 billion in fresh assets, bringing its year-to-date inflows haul to $20.8 billion. Investors may have been using the recent slide in gold prices to go bargain hunting. Gold was last trading around $1,865/oz after peaking at $2,075 back in August.

For a full list of this week's top ETF inflows and outflows, see the tables below:

 

Top 10 Creations (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
QQQInvesco QQQ Trust1,425.40125,291.841.14%
GLDSPDR Gold Trust1,274.7176,301.951.67%
TLTiShares 20+ Year Treasury Bond ETF854.3318,230.104.69%
AGGiShares Core U.S. Aggregate Bond ETF473.0880,618.100.59%
MTUMiShares MSCI USA Momentum Factor ETF367.0711,449.353.21%
BNDVanguard Total Bond Market ETF353.5262,446.050.57%
XLYConsumer Discretionary Select Sector SPDR Fund337.6015,459.442.18%
UUPInvesco DB U.S. Dollar Index Bullish Fund305.20739.6741.26%
VXUSVanguard Total International Stock ETF234.8725,662.110.92%
VCSHVanguard Short-Term Corporate Bond ETF215.5332,505.430.66%

 

Top 10 Redemptions (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
SPYSPDR S&P 500 ETF Trust-7,793.63280,772.81-2.78%
HYGiShares iBoxx USD High Yield Corporate Bond ETF-3,273.6626,555.34-12.33%
IWMiShares Russell 2000 ETF-2,129.0335,993.79-5.91%
SCHGSchwab U.S. Large-Cap Growth ETF-1,542.0911,542.56-13.36%
XLKTechnology Select Sector SPDR Fund-1,460.8432,398.20-4.51%
VOVanguard Mid-Cap ETF-1,346.9933,187.55-4.06%
VXFVanguard Extended Market ETF-1,321.869,587.37-13.79%
VUGVanguard Growth ETF-1,275.8657,966.46-2.20%
VBVanguard Small-Cap ETF-1,166.9627,571.37-4.23%
JNKSPDR Bloomberg Barclays High Yield Bond ETF-977.1511,890.61-8.22%

 

ETF Weekly Flows By Asset Class

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity-27,558.002,531,379.02-1.09%
International Equity396.67847,522.550.05%
U.S. Fixed Income-2,496.32919,363.45-0.27%
International Fixed Income64.11109,022.050.06%
Commodities1,088.05145,183.120.75%
Currency311.602,220.3414.03%
Leveraged423.1734,289.971.23%
Inverse-249.7015,285.44-1.63%
Asset Allocation-29.1110,735.25-0.27%
Alternatives-14.185,145.56-0.28%
Total:-28,063.704,620,146.76-0.61%

 

Asset Classes (Year-to-Date)

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity76,304.152,531,379.023.01%
International Equity12,596.86847,522.551.49%
U.S. Fixed Income138,644.77919,363.4515.08%
International Fixed Income13,284.68109,022.0512.19%
Commodities45,437.15145,183.1231.30%
Currency902.572,220.3440.65%
Leveraged3,396.1934,289.979.90%
Inverse13,128.2915,285.4485.89%
Asset Allocation994.2810,735.259.26%
Alternatives-257.795,145.56-5.01%
Total:304,431.134,620,146.766.59%

 

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

TickerNameWeekly PerformanceWeekly VolumeAUM ($, mm)
VXXiPath Series B S&P 500 VIX Short Term Futures ETN9.56%123,535,5071,059.31
VIXYProShares VIX Short-Term Futures ETF9.56%20,432,087293.78
BDRYBreakwave Dry Bulk Shipping ETF7.13%194,62231.80
GAZiPath Series B Bloomberg Natural Gas Subindex Total Return ETN6.33%16,4964.36
UNGUnited States Natural Gas Fund LP6.16%23,039,658356.31
GSCEGS Connect S&P GSCI Enhanced Commodity TR Strategy Index ETN6.14%25,259356.31
MOMAGFiQ U.S. Market Neutral Momentum Fund5.37%123,2196.21
VIXMProShares VIX Mid-Term Futures ETF4.50%279,991105.66
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN4.27%87,86532.35
BTALAGFiQ U.S. Market Neutral Anti-Beta Fund3.22%528,136227.93

 

Top 10 YTD Performers

TickerNameYTD PerformanceWeekly PerformanceAUM ($, mm)
XVZiPath S&P 500 Dynamic VIX ETN116.35%0.50%10.26
VIXMProShares VIX Mid-Term Futures ETF100.75%4.50%105.66
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN100.06%4.27%32.35
TANInvesco Solar ETF82.76%1.94%1,281.19
ARKGARK Genomic Revolution ETF79.21%-4.77%2,127.87
ARKWARK Next Generation Internet ETF79.09%0.00%2,331.87
VXXiPath Series B S&P 500 VIX Short Term Futures ETN76.59%9.56%1,059.31
VIXYProShares VIX Short-Term Futures ETF76.11%9.56%293.78
ARKKARK Innovation ETF75.72%-2.15%8,334.56
CLIXProShares Long Online/Short Stores ETF69.28%2.42%229.66

 

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.