US-Listed ETFs Cross $7T in AUM

U.S. equity funds led the charge last week.

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Reviewed by: Heather Bell
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Edited by: Heather Bell

Last week, U.S.-listed ETFs had their best week of inflows since the nearly $6 billion in outflows that occurred during the week ended March 24, 2023. The more than 3,000 ETFs trading on U.S. markets pulled in $19.1 billion during the week ending April 14, boosting their total assets to $7 trillion, a key milestone for the industry.  

Two industry stalwarts saw the largest inflows and outflows during the week, with the SPDR S&P 500 ETF Trust (SPY) pulling in $5.4 billion and the Invesco QQQ Trust (QQQ) losing $1.7 billion. Investors seemed to gain some more optimism about markets last week after the CPI print indicated inflation was continuing to moderate. That boosted different areas of the market, but traditional technology in particular looked to be excluded from that excitement. 

The JPMorgan Alerian MLP Index ETN (AMJ) gained $2.4 billion last week, likely drawing investor interest due to the announcement earlier this month that OPEC+ would be cutting its production targets more than originally planned.  

At the same time, the Communication Services Select Sector SPDR Fund (XLC) saw nearly $903 million in inflows, and the Materials Select Sector SPDR Fund (XLB) added $550.5 million. The Vanguard S&P 500 ETF (VOO) and the iShares MSCI USA Quality Factor ETF (QUAL) pulled in $843.2 million and $794.1 million, respectively.  

QQQ was joined on the biggest outflows list for the week by the Technology Select Sector SPDR Fund (XLK), which lost $662.4 million, and the Vanguard Information Technology ETF (VGT), which dropped $348.2 million. While inflation has slowed considerably, it looks like investors are still wary of technology.  

U.S. fixed income saw flows diverge based on credit quality and maturity. Two key high-yield bond ETFs were represented in the top 10 for flows, with the SPDR Bloomberg High Yield Bond ETF (JNK) and the iShares iBoxx USD High Yield Corporate Bond ETF (HYG) gaining $1.3 billion and $672.1 million, respectively. The iShares 20+ Year Treasury Bond ETF (TLT), one of the top five funds for year-to-date flows, pulled in $623.5 million. 

But intermediate- and short-term Treasury funds didn’t fare so well, and were represented in the biggest outflows list by four ETFs. The iShares 7-10 Year Treasury Bond ETF (IEF) lost $733.9 million, and the Goldman Sachs Access Treasury 0-1 Year ETF (GBIL) and the iShares 0-3 Month Treasury Bond ETF (SGOV) dropped $501.4 million and $481.9 million, respectively. The Vanguard Short-Term Bond ETF (BSV) lost $260.3 million during the 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
SPYSPDR S&P 500 ETF Trust5,453.58380,317.961.43%
AMJJPMorgan Alerian MLP Index ETN2,391.312,686.5289.01%
JNKSPDR Bloomberg High Yield Bond ETF1,308.798,610.9415.20%
XLCCommunication Services Select Sector SPDR Fund902.8811,034.478.18%
LQDiShares iBoxx USD Investment Grade Corporate Bond ETF866.0936,981.812.34%
VOOVanguard S&P 500 ETF843.17289,763.000.29%
QUALiShares MSCI USA Quality Factor ETF794.0927,865.542.85%
HYGiShares iBoxx USD High Yield Corporate Bond ETF672.1414,603.574.60%
TLTiShares 20+ Year Treasury Bond ETF623.5034,555.341.80%
XLBMaterials Select Sector SPDR Fund550.545,967.229.23%


 

Top 10 Redemptions (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
QQQInvesco QQQ Trust-1,703.43171,581.60-0.99%
IEFiShares 7-10 Year Treasury Bond ETF-733.9329,421.24-2.49%
XLKTechnology Select Sector SPDR Fund-662.4243,103.40-1.54%
GBILGoldman Sachs Access Treasury 0-1 Year ETF-501.445,302.22-9.46%
SGOViShares 0-3 Month Treasury Bond ETF-481.859,946.03-4.84%
XLIIndustrial Select Sector SPDR Fund-377.4713,197.49-2.86%
XLEEnergy Select Sector SPDR Fund-359.9540,392.68-0.89%
VGTVanguard Information Technology ETF-348.2246,073.59-0.76%
FLOTiShares Floating Rate Bond ETF-266.907,332.49-3.64%
BSVVanguard Short-Term Bond ETF-260.2537,495.34-0.69%


 

ETF Weekly Flows By Asset Class

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity8,374.954,083,817.090.21%
International Equity4,683.621,278,200.170.37%
U.S. Fixed Income4,908.521,241,398.770.40%
International Fixed Income627.01147,406.520.43%
Commodities-65.35142,392.06-0.05%
Currency50.053,687.371.36%
Leveraged535.0257,786.530.93%
Inverse18.2222,684.980.08%
Asset Allocation2.2216,202.940.01%
Alternatives-48.357,276.11-0.66%
Total:19,085.917,000,852.540.27%


 

Asset Classes (Year-to-Date)

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity6,089.704,083,817.090.15%
International Equity32,229.221,278,200.172.52%
U.S. Fixed Income58,436.931,241,398.774.71%
International Fixed Income6,598.98147,406.524.48%
Commodities-140.26142,392.06-0.10%
Currency-471.333,687.37-12.78%
Leveraged1,955.9957,786.533.38%
Inverse4,685.5822,684.9820.65%
Asset Allocation-2,034.6416,202.94-12.56%
Alternatives-120.827,276.11-1.66%
Total:107,229.357,000,852.541.53%


 

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

TickerNameWeekly PerformanceWeekly VolumeAUM ($, mm)
DAMVanEck Digital Assets Mining ETF21.04%46,7762.15
WGMIValkyrie Bitcoin Miners ETF20.04%533,70110.33
DAPPVanEck Digital Transformation ETF19.21%539,46136.04
BITQBitwise Crypto Industry Innovators ETF15.30%825,86973.83
SATOInvesco Alerian Galaxy Crypto Economy ETF13.54%9,8533.86
GFOFGrayscale Future of Finance ETF12.60%5,9155.19
CRPTFirst Trust SkyBridge Crypto Industry and Digital Economy ETF12.40%82,37420.25
FDIGFidelity Crypto Industry and Digital Payments ETF12.18%208,18731.55
IBLCiShares Blockchain and Tech ETF11.60%17,8257.33
NGEGlobal X MSCI Nigeria ETF10.22%143,61140.63


 

Top 10 YTD Performers

TickerNameYTD PerformanceWeekly PerformanceAUM ($, mm)
WGMIValkyrie Bitcoin Miners ETF159.15%20.04%10.33
DAMVanEck Digital Assets Mining ETF142.28%21.04%2.15
DAPPVanEck Digital Transformation ETF116.10%19.21%36.04
BITQBitwise Crypto Industry Innovators ETF106.78%15.30%73.83
SATOInvesco Alerian Galaxy Crypto Economy ETF97.78%13.54%3.86
BITSGlobal X Blockchain and Bitcoin Strategy ETF92.18%9.62%12.33
IBLCiShares Blockchain and Tech ETF85.77%11.60%7.33
XBTFVanEck Bitcoin Strategy ETF81.22%3.80%44.08
BTFValkyrie Bitcoin Strategy ETF80.18%4.02%32.12
MAXISimplify Bitcoin Strategy PLUS Income ETF78.08%4.37%24.92


 

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.

Heather Bell is a former managing editor of etf.com. She has also held editorial positions at Dow Jones Indexes and Lehman Brothers. Bell is a graduate of Dartmouth college and resides in the Denver area with her two dogs.