SPY Top Loser Second Week in a Row 

Funds reversed gains from the previous week.

ShubhamSaharan_white_bg
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Reviewed by: Shubham Saharan
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Edited by: Shubham Saharan

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)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
QQQInvesco QQQ Trust908.06161,331.400.56%
FXOFirst Trust Financials AlphaDEX Fund724.942,008.7836.09%
KBWBInvesco KBW Bank ETF603.232,506.9324.06%
AGGiShares Core U.S. Aggregate Bond ETF436.1985,839.530.51%
SCHDSchwab U.S. Dividend Equity ETF403.8847,016.490.86%
QQQMInvesco NASDAQ 100 ETF390.977,235.005.40%
RSPInvesco S&P 500 Equal Weight ETF382.8336,573.741.05%
IEIiShares 3-7 Year Treasury Bond ETF382.7512,968.192.95%
MDYVSPDR S&P 400 Mid Cap Value ETF344.953,014.8011.44%
JEPIJPMorgan Equity Premium Income ETF341.7120,304.481.68%

 

Top 10 Redemptions (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
SPYSPDR S&P 500 ETF Trust-4,020.20376,415.29-1.07%
HYGiShares iBoxx USD High Yield Corporate Bond ETF-2,535.5016,669.49-15.21%
JNKSPDR Bloomberg High Yield Bond ETF-713.339,583.21-7.44%
FXNFirst Trust Energy AlphaDEX Fund-691.191,182.14-58.47%
DIASPDR Dow Jones Industrial Average ETF Trust-677.5829,319.30-2.31%
LQDiShares iBoxx USD Investment Grade Corporate Bond ETF-532.0738,038.34-1.40%
XLFFinancial Select Sector SPDR Fund-474.2533,939.59-1.40%
XLEEnergy Select Sector SPDR Fund-468.7140,077.32-1.17%
MUBiShares National Muni Bond ETF-408.8931,955.24-1.28%
EEMViShares MSCI Emerging Markets Min Vol Factor ETF-359.785,603.69-6.42%

 

ETF Weekly Flows By Asset Class

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity-2,293.264,087,632.94-0.06%
International Equity790.311,254,839.070.06%
U.S. Fixed Income-3,332.281,191,381.38-0.28%
International Fixed Income503.38148,497.940.34%
Commodities-55.79133,206.41-0.04%
Currency-214.453,568.26-6.01%
Leveraged361.8354,085.230.67%
Inverse-642.2924,253.69-2.65%
Asset Allocation-374.4815,951.63-2.35%
Alternatives-24.058,723.33-0.28%
Total:-5,281.096,922,139.88-0.08%

 

Asset Classes (Year-to-Date)

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity727.364,087,632.940.02%
International Equity24,056.521,254,839.071.92%
U.S. Fixed Income16,191.861,191,381.381.36%
International Fixed Income6,618.19148,497.944.46%
Commodities904.83133,206.410.68%
Currency-322.783,568.26-9.05%
Leveraged-948.0554,085.23-1.75%
Inverse5,138.2624,253.6921.19%
Asset Allocation-1,720.0615,951.63-10.78%
Alternatives97.218,723.331.11%
Total:50,743.356,922,139.880.73%

 

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

TickerNameWeekly PerformanceWeekly VolumeAUM ($, mm)
KSETKraneShares Global Carbon Offset Strategy ETF7.83%28,3812.63
NGEGlobal X MSCI Nigeria ETF7.08%62,05341.23
JJNiPath Series B Bloomberg Nickel Subindex Total Return ETN6.69%207,29547.98
TSLYYieldMax TSLA Option Income Strategy ETF5.33%42,1731.27
BDRYBreakwave Dry Bulk Shipping ETF4.71%2,792,04443.64
BOATSonicShares Global Shipping ETF3.90%48,35021.93
GREKGlobal X MSCI Greece ETF3.86%249,438144.80
SPKXConvexityShares 1x SPIKES Futures ETF3.81%1,3080.91
OILiPath Pure Beta Crude Oil ETN3.79%126,52257.10
NORWGlobal X MSCI Norway ETF3.73%150,86682.07

 

Top 10 YTD Performers

TickerNameYTD PerformanceWeekly PerformanceAUM ($, mm)
WGMIValkyrie Bitcoin Miners ETF80.09%-13.81%5.25
DAMVanEck Digital Assets Mining ETF67.03%-12.58%1.24
DAPPVanEck Digital Transformation ETF58.80%-12.22%27.69
BITQBitwise Crypto Industry Innovators ETF57.82%-11.42%53.98
SATOInvesco Alerian Galaxy Crypto Economy ETF51.54%-10.04%2.70
IBLCiShares Blockchain and Tech ETF49.30%-10.52%5.90
GFOFGrayscale Future of Finance ETF43.36%-9.85%4.90
BITSGlobal X Blockchain and Bitcoin Strategy ETF41.77%-8.95%9.44
FDIGFidelity Crypto Industry and Digital Payments ETF39.71%-10.48%23.40
NFTZDefiance Digital Revolution ETF38.70%-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.

Shubham Saharan is a markets reporter at etf.com. Before joining the company, she reported for Bloomberg and the Financial Times. Saharan is a graduate of Barnard College of Columbia University.