Strong Weekly ETF Inflows: Stocks Look Past COVID Spike

Senior ETF Analyst

Nov 20, 2020

Reviewed by: Sumit Roy

Edited by: Sumit Roy

Fresh record highs in the U.S. stock market corresponded with another strong week for ETF flows. On net, $17 billion headed into U.S.-listed ETFs during the week ending Thursday, Nov. 19, split evenly between U.S. equity, international equity and U.S. fixed income funds.

Year-to-date inflows now stand at $417.4 billion, compared to $249.4 billion at this same time last year. Inflows are on track to challenege the record annual haul of $476.1 billion set in 2017.

Stocks Looking Ahead

Despite surging COVID-19 cases across the country, the S&P 500 closed at a record high on Monday thanks to positive efficacy data for one of the leading coronavirus vaccines. Since then, the index has retreated modestly, but investors continue to look past the recent virus-related struggles and toward a potentially brighter economic backdrop in 2021.

As stocks look ahead, fixed income markets seem to be more concerned with the here and now. The U.S. 10-year Treasury yield dipped from a high of 0.98% last week to 0.82% today. In turn, prices for many bond ETFs rallied (bond prices and yields move inversely).

In terms of individual ETFs, the Vanguard Total Stock Market ETF (VTI), the iShares iBoxx USD Investment Grade Corporate Bond ETF (LQD) and the iShares MBS ETF (MBB) were the biggest flows winners of the week.

On the other hand, the SPDR S&P 500 ETF Trust (SPY), the SPDR Gold Trust (GLD) and the iShares Russell 2000 ETF (IWM) were the biggest flows losers.

For a 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
VTI	Vanguard Total Stock Market ETF	1,897.70	183,936.12	1.03%
LQD	iShares iBoxx USD Investment Grade Corporate Bond ETF	1,089.25	57,387.26	1.90%
MBB	iShares MBS ETF	935.41	25,244.14	3.71%
IVV	iShares Core S&P 500 ETF	822.40	230,861.39	0.36%
VXUS	Vanguard Total International Stock ETF	676.34	33,535.57	2.02%
XLI	Industrial Select Sector SPDR Fund	674.92	15,390.44	4.39%
VTV	Vanguard Value ETF	609.55	57,576.65	1.06%
IJR	iShares Core S&P Small-Cap ETF	576.40	49,509.72	1.16%
VCIT	Vanguard Intermediate-Term Corporate Bond ETF	547.75	40,990.55	1.34%
VOO	Vanguard S&P 500 ETF	521.42	173,714.96	0.30%

Top 10 Redemptions (All ETFs)

Ticker	Name	Net Flows ($,mm)	AUM ($, mm)	AUM % Change
SPY	SPDR S&P 500 ETF Trust	-4,325.89	317,754.08	-1.36%
GLD	SPDR Gold Trust	-1,325.97	73,407.85	-1.81%
IWM	iShares Russell 2000 ETF	-963.63	48,576.64	-1.98%
MTUM	iShares MSCI USA Momentum Factor ETF	-468.50	12,036.55	-3.89%
RSP	Invesco S&P 500 Equal Weight ETF	-463.69	15,255.78	-3.04%
XLV	Health Care Select Sector SPDR Fund	-390.16	24,078.66	-1.62%
SHY	iShares 1-3 Year Treasury Bond ETF	-379.90	20,437.67	-1.86%
XLK	Technology Select Sector SPDR Fund	-321.56	35,939.57	-0.89%
IBB	iShares NASDAQ Biotechnology ETF	-298.74	9,255.14	-3.23%
SPYG	SPDR Portfolio S&P 500 Growth ETF	-235.48	9,590.53	-2.46%

ETF Weekly Flows By Asset Class

	Net Flows ($, mm)	AUM ($, mm)	% of AUM
U.S. Equity	6,706.91	2,895,742.94	0.23%
International Equity	5,115.59	960,131.12	0.53%
U.S. Fixed Income	5,864.16	951,535.09	0.62%
International Fixed Income	1,229.74	117,420.48	1.05%
Commodities	-1,926.20	143,849.21	-1.34%
Currency	-70.19	1,515.45	-4.63%
Leveraged	-111.11	39,576.72	-0.28%
Inverse	116.27	12,106.22	0.96%
Asset Allocation	94.80	12,507.92	0.76%
Alternatives	28.86	5,140.51	0.56%
Total:	17,048.82	5,139,525.67	0.33%

Asset Classes (Year-to-Date)

	Net Flows ($, mm)	AUM ($, mm)	% of AUM
U.S. Equity	134,876.57	2,895,742.94	4.66%
International Equity	33,758.00	960,131.12	3.52%
U.S. Fixed Income	168,643.25	951,535.09	17.72%
International Fixed Income	20,108.25	117,420.48	17.12%
Commodities	42,848.52	143,849.21	29.79%
Currency	490.04	1,515.45	32.34%
Leveraged	930.98	39,576.72	2.35%
Inverse	13,155.39	12,106.22	108.67%
Asset Allocation	2,481.88	12,507.92	19.84%
Alternatives	113.35	5,140.51	2.21%
Total:	417,406.24	5,139,525.67	8.12%

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

Ticker	Name	Weekly Performance	Weekly Volume	AUM ($, mm)
XES	SPDR S&P Oil & Gas Equipment & Services ETF	10.75%	458,566	99.86
OIH	VanEck Vectors Oil Services ETF	10.34%	1,910,181	558.62
IEZ	iShares U.S. Oil Equipment & Services ETF	9.79%	550,166	58.55
PXJ	Invesco Dynamic Oil & Gas Services ETF	9.52%	198,440	7.31
NIB	iPath Bloomberg Cocoa Subindex Total Return ETN	9.13%	229,299	13.04
JO	iPath Series B Bloomberg Coffee Subindex Total Return ETN	8.93%	584,142	79.52
AMZA	InfraCap MLP ETF	8.20%	515,890	129.43
GREK	Global X MSCI Greece ETF	7.85%	228,937	134.17
PSCE	Invesco S&P SmallCap Energy ETF	6.83%	519,125	17.85
AMJ	JPMorgan Alerian MLP Index ETN	6.80%	4,813,998	1,605.42

Top 10 YTD Performers

Ticker	Name	YTD Performance	Weekly Performance	AUM ($, mm)
TAN	Invesco Solar ETF	142.56%	1.45%	2,203.59
PBW	Invesco WilderHill Clean Energy ETF	136.04%	6.25%	1,303.88
QCLN	First Trust NASDAQ Clean Edge Green Energy Index Fund	129.29%	2.96%	1,168.23
ARKG	ARK Genomic Revolution ETF	121.57%	0.24%	3,486.50
ARKW	ARK Next Generation Internet ETF	109.95%	2.14%	3,517.49
KGRN	KraneShares MSCI China Environment Index ETF	103.32%	-0.80%	39.37
ARKK	ARK Innovation ETF	101.84%	1.63%	11,401.32
XVZ	iPath S&P 500 Dynamic VIX ETN	91.70%	1.89%	12.83
PBD	Invesco Global Clean Energy ETF	90.72%	1.81%	162.42
ACES	ALPS Clean Energy ETF	89.87%	2.32%	544.72

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

| Contact: [email protected]

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.

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Strong Weekly ETF Inflows: Stocks Look Past COVID Spike

Strong Weekly ETF Inflows: Stocks Look Past COVID Spike

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