SPY Top Loser Second Week in a Row
Funds reversed gains from the previous week.
Exchange-traded fund flows reversed course in the week ending Feb. 10, as markets notched their largest weekly decline in two months.
U.S.-listed ETFs shed nearly $5.3 billion last week compared with the $13.6 billion of inflows in the week ending Feb. 3. Most of the losses stemmed from fixed income funds, which lost $3.3 billion compared to the $1.6 billion in outflows recorded the week prior.
ETFs that saw the greatest losses during the week included the iShares iBoxx USD High Yield Corporate Bond ETF (HYG), the SPDR Bloomberg High Yield Bond ETF (JNK) and the iShares iBoxx USD Investment Grade Corporate Bond ETF (LQD), which collectively shed $3.8 billion.
Meanwhile, U.S. equity ETFs lost $2.3 billion last week, compared with the $8.2 billion the asset class gain in the week prior. The greatest outflows stemmed from the largest and oldest U.S.-listed ETF, the SPDR S&P 500 ETF Trust (SPY), which lost $4 billion. This is the second consecutive week that SPY recorded the greatest outflows of U.S.-listed ETFs.
The lackluster performance comes as equity markets posted the steepest losses since mid-December. The S&P dipped 1.1% during the week, while the Nasdaq slumped 2.4%. Meanwhile, the yield on the policy-sensitive two-year Treasury note rose to 4.52% by the end of the trading week.
For a full list of last week’s top inflows and outflows, see the tables below:
Top 10 Creations (All ETFs)
| Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
| QQQ | Invesco QQQ Trust | 908.06 | 161,331.40 | 0.56% |
| FXO | First Trust Financials AlphaDEX Fund | 724.94 | 2,008.78 | 36.09% |
| KBWB | Invesco KBW Bank ETF | 603.23 | 2,506.93 | 24.06% |
| AGG | iShares Core U.S. Aggregate Bond ETF | 436.19 | 85,839.53 | 0.51% |
| SCHD | Schwab U.S. Dividend Equity ETF | 403.88 | 47,016.49 | 0.86% |
| QQQM | Invesco NASDAQ 100 ETF | 390.97 | 7,235.00 | 5.40% |
| RSP | Invesco S&P 500 Equal Weight ETF | 382.83 | 36,573.74 | 1.05% |
| IEI | iShares 3-7 Year Treasury Bond ETF | 382.75 | 12,968.19 | 2.95% |
| MDYV | SPDR S&P 400 Mid Cap Value ETF | 344.95 | 3,014.80 | 11.44% |
| JEPI | JPMorgan Equity Premium Income ETF | 341.71 | 20,304.48 | 1.68% |
Top 10 Redemptions (All ETFs)
| Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
| SPY | SPDR S&P 500 ETF Trust | -4,020.20 | 376,415.29 | -1.07% |
| HYG | iShares iBoxx USD High Yield Corporate Bond ETF | -2,535.50 | 16,669.49 | -15.21% |
| JNK | SPDR Bloomberg High Yield Bond ETF | -713.33 | 9,583.21 | -7.44% |
| FXN | First Trust Energy AlphaDEX Fund | -691.19 | 1,182.14 | -58.47% |
| DIA | SPDR Dow Jones Industrial Average ETF Trust | -677.58 | 29,319.30 | -2.31% |
| LQD | iShares iBoxx USD Investment Grade Corporate Bond ETF | -532.07 | 38,038.34 | -1.40% |
| XLF | Financial Select Sector SPDR Fund | -474.25 | 33,939.59 | -1.40% |
| XLE | Energy Select Sector SPDR Fund | -468.71 | 40,077.32 | -1.17% |
| MUB | iShares National Muni Bond ETF | -408.89 | 31,955.24 | -1.28% |
| EEMV | iShares MSCI Emerging Markets Min Vol Factor ETF | -359.78 | 5,603.69 | -6.42% |
ETF Weekly Flows By Asset Class
| Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
| U.S. Equity | -2,293.26 | 4,087,632.94 | -0.06% |
| International Equity | 790.31 | 1,254,839.07 | 0.06% |
| U.S. Fixed Income | -3,332.28 | 1,191,381.38 | -0.28% |
| International Fixed Income | 503.38 | 148,497.94 | 0.34% |
| Commodities | -55.79 | 133,206.41 | -0.04% |
| Currency | -214.45 | 3,568.26 | -6.01% |
| Leveraged | 361.83 | 54,085.23 | 0.67% |
| Inverse | -642.29 | 24,253.69 | -2.65% |
| Asset Allocation | -374.48 | 15,951.63 | -2.35% |
| Alternatives | -24.05 | 8,723.33 | -0.28% |
| Total: | -5,281.09 | 6,922,139.88 | -0.08% |
Asset Classes (Year-to-Date)
| Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
| U.S. Equity | 727.36 | 4,087,632.94 | 0.02% |
| International Equity | 24,056.52 | 1,254,839.07 | 1.92% |
| U.S. Fixed Income | 16,191.86 | 1,191,381.38 | 1.36% |
| International Fixed Income | 6,618.19 | 148,497.94 | 4.46% |
| Commodities | 904.83 | 133,206.41 | 0.68% |
| Currency | -322.78 | 3,568.26 | -9.05% |
| Leveraged | -948.05 | 54,085.23 | -1.75% |
| Inverse | 5,138.26 | 24,253.69 | 21.19% |
| Asset Allocation | -1,720.06 | 15,951.63 | -10.78% |
| Alternatives | 97.21 | 8,723.33 | 1.11% |
| Total: | 50,743.35 | 6,922,139.88 | 0.73% |
Top 10 Weekly Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded
| Ticker | Name | Weekly Performance | Weekly Volume | AUM ($, mm) |
| KSET | KraneShares Global Carbon Offset Strategy ETF | 7.83% | 28,381 | 2.63 |
| NGE | Global X MSCI Nigeria ETF | 7.08% | 62,053 | 41.23 |
| JJN | iPath Series B Bloomberg Nickel Subindex Total Return ETN | 6.69% | 207,295 | 47.98 |
| TSLY | YieldMax TSLA Option Income Strategy ETF | 5.33% | 42,173 | 1.27 |
| BDRY | Breakwave Dry Bulk Shipping ETF | 4.71% | 2,792,044 | 43.64 |
| BOAT | SonicShares Global Shipping ETF | 3.90% | 48,350 | 21.93 |
| GREK | Global X MSCI Greece ETF | 3.86% | 249,438 | 144.80 |
| SPKX | ConvexityShares 1x SPIKES Futures ETF | 3.81% | 1,308 | 0.91 |
| OIL | iPath Pure Beta Crude Oil ETN | 3.79% | 126,522 | 57.10 |
| NORW | Global X MSCI Norway ETF | 3.73% | 150,866 | 82.07 |
Top 10 YTD Performers
| Ticker | Name | YTD Performance | Weekly Performance | AUM ($, mm) |
| WGMI | Valkyrie Bitcoin Miners ETF | 80.09% | -13.81% | 5.25 |
| DAM | VanEck Digital Assets Mining ETF | 67.03% | -12.58% | 1.24 |
| DAPP | VanEck Digital Transformation ETF | 58.80% | -12.22% | 27.69 |
| BITQ | Bitwise Crypto Industry Innovators ETF | 57.82% | -11.42% | 53.98 |
| SATO | Invesco Alerian Galaxy Crypto Economy ETF | 51.54% | -10.04% | 2.70 |
| IBLC | iShares Blockchain and Tech ETF | 49.30% | -10.52% | 5.90 |
| GFOF | Grayscale Future of Finance ETF | 43.36% | -9.85% | 4.90 |
| BITS | Global X Blockchain and Bitcoin Strategy ETF | 41.77% | -8.95% | 9.44 |
| FDIG | Fidelity Crypto Industry and Digital Payments ETF | 39.71% | -10.48% | 23.40 |
| NFTZ | Defiance Digital Revolution ETF | 38.70% | -8.04% | 4.70 |
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.
