Value ETFs Stand Out In Weekly Flows

In a week of ups and downs in the U.S. stock market, where concerns about inflation, gasoline shortages and Tesla’s relationship to bitcoin made headlines, ETF investors remained steady, adding $20.5 billion to U.S.-listed ETFs.

Most of the fresh assets, again, landed into U.S. equity funds and, secondly, into international equity ETFs—a trend we’ve seen taking shape all year at the expense of appetite for fixed income strategies. Today, U.S. equity ETFs snag more than half of the market’s total $6.1 trillion in assets.

Among the week’s most notable creations, there was evident appetite for value stocks. Four of the 10 biggest asset inflows this past week happened in value ETFs tied to U.S. large cap and midcap stocks. Funds like the iShares MSCI USA Value Factor ETF (VLUE) and the SPDR S&P 400 Mid Cap Value ETF (MDYV) top that list (see below.)

Another interesting stat in the week’s numbers is the $2.4 billion net creation in the Invesco QQQ Trust (QQQ). This fund has been under pressure this year as growth and tech names lose steam in the face of a reopening trade centered on value. Coming into this week, QQQ had already tallied about $2.5 billion in net redemptions so far in 2021, making this past week’s inflows a complete reversal of fortunes for the fund.

QQQ is one of the market’s most traded ETFs, offering access to large cap names in the Nasdaq-100 excluding financial stocks. That design skews the portfolio heavily into tech names—more than 60% of the weighting is in this sector—making QQQ a popular vehicle with traders and investors expressing views on technology and growth names.

The year has so far offered another testament to the staying power, and the massive growth potential, of the ETF wrapper itself. ETFs have attracted more than $356 billion in net creations year-to-date, breaking records as they grow.

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
QQQ	Invesco QQQ Trust	2,411.25	152,762.89	1.58%
VOO	Vanguard S&P 500 ETF	1,552.89	216,092.90	0.72%
SPY	SPDR S&P 500 ETF Trust	1,182.90	354,049.23	0.33%
IEFA	iShares Core MSCI EAFE ETF	1,088.35	92,378.93	1.18%
RSP	Invesco S&P 500 Equal Weight ETF	814.92	27,352.42	2.98%
VLUE	iShares MSCI USA Value Factor ETF	781.15	15,994.91	4.88%
MDYV	SPDR S&P 400 Mid Cap Value ETF	729.15	2,230.65	32.69%
SPYV	SPDR Portfolio S&P 500 Value ETF	607.87	12,307.67	4.94%
VTV	Vanguard Value ETF	583.59	78,978.79	0.74%
XLV	Health Care Select Sector SPDR Fund	571.45	27,037.00	2.11%

 

Top 10 Redemptions (All ETFs)

Ticker	Name	Net Flows ($,mm)	AUM ($, mm)	AUM % Change
IWM	iShares Russell 2000 ETF	-1,438.04	62,473.26	-2.30%
JNK	SPDR Bloomberg Barclays High Yield Bond ETF	-1,066.51	9,189.26	-11.61%
XLI	Industrial Select Sector SPDR Fund	-882.67	19,809.61	-4.46%
IVV	iShares Core S&P 500 ETF	-837.16	270,040.55	-0.31%
IYR	iShares U.S. Real Estate ETF	-761.28	4,985.50	-15.27%
XLE	Energy Select Sector SPDR Fund	-511.69	24,148.75	-2.12%
HYG	iShares iBoxx USD High Yield Corporate Bond ETF	-391.64	21,306.54	-1.84%
USMV	iShares MSCI USA Min Vol Factor ETF	-344.64	28,034.62	-1.23%
ARKG	ARK Genomic Revolution ETF	-343.63	7,651.80	-4.49%
ARKW	ARK Next Generation Internet ETF	-326.85	5,266.22	-6.21%

 

ETF Weekly Flows By Asset Class

	Net Flows ($, mm)	AUM ($, mm)	% of AUM
U.S. Equity	11,595.82	3,533,097.63	0.33%
International Equity	4,692.27	1,204,892.54	0.39%
U.S. Fixed Income	1,487.81	1,005,288.14	0.15%
International Fixed Income	767.17	136,334.48	0.56%
Commodities	927.83	140,719.29	0.66%
Currency	-8.89	1,766.87	-0.50%
Leveraged	856.96	53,936.01	1.59%
Inverse	165.68	11,819.34	1.40%
Asset Allocation	21.00	15,156.83	0.14%
Alternatives	-9.38	6,443.94	-0.15%
Total:	20,496.26	6,109,455.08	0.34%

 

Asset Classes (Year-to-Date)

	Net Flows ($, mm)	AUM ($, mm)	% of AUM
U.S. Equity	170,768.65	3,533,097.63	4.83%
International Equity	106,979.68	1,204,892.54	8.88%
U.S. Fixed Income	58,353.95	1,005,288.14	5.80%
International Fixed Income	15,997.74	136,334.48	11.73%
Commodities	-4,678.76	140,719.29	-3.32%
Currency	-135.86	1,766.87	-7.69%
Leveraged	2,935.69	53,936.01	5.44%
Inverse	2,892.70	11,819.34	24.47%
Asset Allocation	1,415.29	15,156.83	9.34%
Alternatives	1,810.85	6,443.94	28.10%
Total:	356,339.92	6,109,455.08	5.83%

 

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

Ticker	Name	Weekly Performance	Weekly Volume	AUM ($, mm)
VIXY	ProShares VIX Short-Term Futures ETF	31.87%	88,831,490	315.45
EDZ	Direxion Daily MSCI Emerging Markets Bear 3x Shares	15.54%	1,304,286	23.47
VIXM	ProShares VIX Mid-Term Futures ETF	13.05%	465,611	94.76
VXZ	iPath Series B S&P 500 VIX Mid-Term Futures ETN	11.53%	83,413	42.32
GRN	iPath Series B Carbon ETN	7.40%	122,177	56.64
EPU	iShares MSCI Peru ETF	6.41%	188,565	205.93
KRBN	KraneShares Global Carbon ETF	5.04%	3,517,369	340.44
SPDN	Direxion Daily S&P 500 Bear 1X Shares	4.09%	3,156,852	120.12
CHB	Global X China Biotech Innovation ETF	4.01%	7,028	6.38
RJN	Elements Rogers International Commodity Index-Energy TR ETN	3.74%	55,755	3.52

 

Top 10 YTD Performers

Ticker	Name	YTD Performance	Weekly Performance	AUM ($, mm)
ISCB	iShares Morningstar Small-Cap ETF	350.73%	-5.56%	230.05
IMCB	iShares Morningstar Mid-Cap ETF	335.50%	-4.19%	855.47
ILCB	iShares Morningstar U.S. Equity ETF	322.48%	-4.06%	855.93
ISCV	iShares Morningstar Small Cap Value ETF	271.55%	-5.02%	449.37
IMCV	iShares Morningstar Mid-Cap Value ETF	268.37%	-3.64%	460.68
BDRY	Breakwave Dry Bulk Shipping ETF	214.29%	-6.56%	116.38
VXX	iPath Series B S&P 500 VIX Short Term Futures ETN	148.96%		1,360.27
ILCV	iShares Morningstar Value ETF	127.28%	-3.19%	706.31
GRN	iPath Series B Carbon ETN	69.96%	7.40%	56.64
JJT	iPath Series B Bloomberg Tin Subindex Total Return ETN	58.69%	0.20%	8.10

 

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.