First Weekly ETF Outflow Since March
Investors pulled a modest $5 billion out of U.S.-listed ETFs during the week ending Thursday, May 7.
U.S.-listed ETFs registered their first weekly outflow since March this week as markets remained near their recent highs. On net, $4.8 billion flowed out of the space, pushing year-to-date inflows down to $115.8 billion. That compares to year-to-date inflows of $70.9 billion seen at this same time last year.
Top flows winners this week included the iShares iBoxx USD High Yield Corporate Bond ETF (HYG), the SPDR Gold Trust (GLD) and the Invesco QQQ Trust (QQQ).
Notably, year-to-date inflows for GLD topped $10 billion as investors used the ETF to hedge against potential future inflation. Prices for gold were last trading just above $1,700/oz.
HYG has year-to-date inflows of $3.2 billion. The fund has been propped up by the Fed, which is using its powers to purchase individual ‘fallen angel’ junk bonds and broad junk bond ETFs.
Meanwhile, QQQ has seen surprisingly strong performance this year. Prices for the tech-heavy ETF are up 5.5% year-to-date, outperforming the 9% loss for the S&P 500. Assets under management for the fund topped $100 billion this week, making it the fifth ETF to pass that milestone.
For a full list of this week’s top inflows and outflows, see the tables below:
Top 10 Creations (All ETFs)
Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
HYG | iShares iBoxx USD High Yield Corporate Bond ETF | 1,414.06 | 20,685.37 | 6.84% |
GLD | SPDR Gold Trust | 1,373.90 | 58,802.26 | 2.34% |
QQQ | Invesco QQQ Trust | 738.76 | 100,020.04 | 0.74% |
XBI | SPDR S&P Biotech ETF | 639.81 | 4,613.54 | 13.87% |
AGG | iShares Core U.S. Aggregate Bond ETF | 629.38 | 71,249.24 | 0.88% |
XLV | Health Care Select Sector SPDR Fund | 496.82 | 24,937.20 | 1.99% |
BND | Vanguard Total Bond Market ETF | 444.79 | 51,426.27 | 0.86% |
XLP | Consumer Staples Select Sector SPDR Fund | 415.28 | 14,602.04 | 2.84% |
JPST | JPMorgan Ultra-Short Income ETF | 409.21 | 10,355.36 | 3.95% |
HYLB | Xtrackers USD High Yield Corporate Bond ETF | 373.03 | 4,438.14 | 8.41% |
Top 10 Redemptions (All ETFs)
Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
SPY | SPDR S&P 500 ETF Trust | -3,127.22 | 252,940.50 | -1.24% |
SDY | SPDR S&P Dividend ETF | -1,612.22 | 14,466.00 | -11.14% |
IVV | iShares Core S&P 500 ETF | -1,200.93 | 177,923.29 | -0.67% |
IWM | iShares Russell 2000 ETF | -1,164.62 | 32,849.61 | -3.55% |
EFA | iShares MSCI EAFE ETF | -1,140.60 | 43,512.55 | -2.62% |
ACWI | iShares MSCI ACWI ETF | -866.37 | 10,050.62 | -8.62% |
VWO | Vanguard FTSE Emerging Markets ETF | -815.19 | 49,970.33 | -1.63% |
EEM | iShares MSCI Emerging Markets ETF | -701.13 | 19,794.58 | -3.54% |
IEMG | iShares Core MSCI Emerging Markets ETF | -593.20 | 45,232.94 | -1.31% |
IWF | iShares Russell 1000 Growth ETF | -551.42 | 49,312.33 | -1.12% |
ETF Weekly Flows By Asset Class
Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
U.S. Equity | -7,220.08 | 2,210,552.20 | -0.33% |
International Equity | -6,201.38 | 705,132.16 | -0.88% |
U.S. Fixed Income | 6,372.38 | 804,274.82 | 0.79% |
International Fixed Income | 333.19 | 84,796.18 | 0.39% |
Commodities ETFs | 1,899.77 | 105,900.88 | 1.79% |
Currency | -23.75 | 2,296.09 | -1.03% |
Leveraged | -572.32 | 32,496.28 | -1.76% |
Inverse | 679.90 | 18,428.63 | 3.69% |
Asset Allocation | -95.73 | 8,817.38 | -1.09% |
Alternatives | 38.04 | 4,297.37 | 0.89% |
Total: | -4,789.98 | 3,976,992.00 | -0.12% |
Asset Classes (Year-to-Date)
Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
U.S. Equity | 49,569.30 | 2,210,552.20 | 2.24% |
International Equity | -14,635.43 | 705,132.16 | -2.08% |
U.S. Fixed Income | 39,762.27 | 804,274.82 | 4.94% |
International Fixed Income | -358.09 | 84,796.18 | -0.42% |
Commodities ETFs | 23,980.32 | 105,900.88 | 22.64% |
Currency | 981.28 | 2,296.09 | 42.74% |
Leveraged | 7,587.47 | 32,496.28 | 23.35% |
Inverse | 10,558.95 | 18,428.63 | 57.30% |
Asset Allocation | -35.77 | 8,817.38 | -0.41% |
Alternatives | -1,649.49 | 4,297.37 | -38.38% |
Total: | 115,760.81 | 3,976,992.00 | 2.91% |
Top 10 Volume Surprises, Funds >$50 mm AUM
Ticker | Name | Average Volume (30 Day) | 1 Week Average Volume | % of Average |
BNDC | FlexShares Core Select Bond Fund | 30,375 | 187,963 | 618.80% |
PFEB | Innovator S&P 500 Power Buffer ETF - February | 16,567 | 49,168 | 296.78% |
CLTL | Invesco Treasury Collateral ETF | 74,652 | 218,153 | 292.23% |
HAWX | iShares Currency Hedged MSCI ACWI ex U.S. ETF | 29,731 | 70,763 | 238.01% |
JUST | Goldman Sachs JUST U.S. Large Cap Equity ETF | 35,221 | 98,396 | 279.37% |
GNMA | iShares GNMA Bond ETF | 124,593 | 282,958 | 227.11% |
NOCT | Innovator Nasdaq-100 Power Buffer ETF - October | 15,036 | 33,233 | 221.01% |
BTEC | Principal Healthcare Innovators Index ETF | 3,342 | 6,490 | 194.20% |
XITK | SPDR FactSet Innovative Technology ETF | 11,166 | 23,749 | 212.70% |
RGI | Invesco S&P 500 Equal Weight Industrials ETF | 16,075 | 29,856 | 185.73% |
Top 10 Weekly Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded
Ticker | Name | Weekly Performance | Weekly Volume | AUM ($, mm) |
UGA | United States Gasoline Fund LP | 15.10% | 2,610,100 | 74.60 |
BNO | United States Brent Oil Fund LP | 12.57% | 14,906,396 | 315.12 |
OILK | ProShares K-1 Free Crude Oil Strategy ETF | 11.51% | 828,980 | 52.01 |
BBC | Virtus LifeSci Biotech Clinical Trials ETF | 10.98% | 121,662 | 35.68 |
USO | United States Oil Fund LP | 10.55% | 62,668,352 | 3,788.56 |
IBUY | Amplify Online Retail ETF | 9.44% | 285,029 | 298.99 |
OLEM | iPath Pure Beta Crude Oil ETN | 9.30% | 39,778 | 6.15 |
SBIO | ALPS Medical Breakthroughs ETF | 8.96% | 143,505 | 185.63 |
BBP | Virtus LifeSci Biotech Products ETF | 8.52% | 16,495 | 25.18 |
BUYZ | Franklin Disruptive Commerce ETF | 8.52% | 21,313 | 2.72 |
Top 10 YTD Performers
Ticker | Name | YTD Performance | Weekly Performance | AUM ($, mm) |
VIIX | VelocityShares Daily Long VIX Short-Term ETN | 148.99% | -5.15% | 61.26 |
VIXY | ProShares VIX Short-Term Futures ETF | 148.35% | -4.74% | 166.71 |
VXX | iPath Series B S&P 500 VIX Short Term Futures ETN | 147.82% | -4.81% | 618.88 |
XVZ | iPath S&P 500 Dynamic VIX ETN | 97.74% | -0.67% | 4.87 |
VIXM | ProShares VIX Mid-Term Futures ETF | 88.12% | -1.91% | 60.50 |
VXZ | iPath Series B S&P 500 VIX Mid-Term Futures ETN | 87.65% | -1.64% | 28.43 |
CLIX | ProShares Long Online/Short Stores ETF | 39.00% | 7.28% | 147.66 |
ZROZ | PIMCO 25+ Year Zero Coupon US Treasury Index ETF | 33.51% | -4.06% | 357.94 |
EDV | Vanguard Extended Duration Treasury ETF | 30.63% | -3.75% | 1,698.98 |
MOM | AGFiQ U.S. Market Neutral Momentum Fund | 27.42% | 3.20% | 4.37 |
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.