VOO's New Inflows Leave Rival SPY in the Dust
U.S.-listed ETFs had a monster week, pulling in a whopping $62.5 billion in inflows. Here are the weekly ETF fund flows for March 24, 2025
U.S.-listed ETFs had a monster week, pulling in a whopping $62.5 billion in inflows. That brings year-to-date ETF inflows to $292 billion, keeping the industry well on track for another blockbuster year.
The surge in flows came as the U.S. stock market rebounded, recovering from its brief dip into correction territory. Investors were encouraged by the Federal Reserve’s policy meeting on Wednesday, during which Fed Chair Jerome Powell expressed confidence in the U.S. economy, even as the central bank held interest rates steady.
IVV Snaps Losing Streak
The iShares Core S&P 500 ETF (IVV) ended the week fractionally higher, snapping a four-week losing streak. On Monday, the fund jumped more than 1.5% after reports emerged that President Donald Trump’s proposed reciprocal tariffs, set for April, may not be as severe as previously feared.
IVV also topped the inflows list, pulling in $17.3 billion—though some of those flows were likely part of "heartbeat" trades, often used for tax management.
Right behind IVV was the Schwab U.S. Dividend Equity ETF (SCHD), which took in $7.8 billion—also likely driven by tax-related flows.
Meanwhile, the Vanguard S&P 500 ETF (VOO) gathered $3.7 billion in what appears to be organic demand. VOO remains the runaway leader for 2024, with $57 billion in year-to-date inflows—more than any other ETF by far.
Other notable names in the weekly top 10 include the SPDR Gold Shares (GLD), which added $2.4 billion, and the Vanguard Extended Market ETF (VXF), with $1.8 billion in inflows.
Big Outflows for SPY
On the flip side, the SPDR S&P 500 ETF Trust (SPY) saw $22.2 billion in outflows—by far the most of any ETF. The outflows dropped SPY’s total assets under management well below that of its rival VOO, with SPY now at $585 billion versus VOO’s $620 billion.
Other funds seeing redemptions included the iShares U.S. Treasury Bond ETF (GOVT) and the SPDR Dow Jones Industrial Average ETF Trust (DIA), each with outflows of $1.2 billion.
For the full list of last week’s top inflows and outflows, see the tables below.
Top 10 Creations (All ETFs)
| Ticker | Name | Net Flows ($, mm) | AUM ($, mm) | AUM % Change< |
| IVV | iShares Core S&P 500 ETF | 17,338.22 | 563,065.62 | 3.08 |
| SCHD | Schwab US Dividend Equity ETF | 7,837.96 | 77,511.15 | 10.11 |
| VOO | Vanguard S&P 500 ETF | 3,718.01 | 619,899.67 | 0.60 |
| VYM | Vanguard High Dividend Yield Index ETF | 3,613.80 | 63,284.17 | 5.71 |
| VO | Vanguard Mid-Cap ETF | 2,921.72 | 76,369.71 | 3.83 |
| VTV | Vanguard Value ETF | 2,867.81 | 137,205.52 | 2.09 |
| DVY | iShares Select Dividend ETF | 2,441.31 | 22,151.24 | 11.02 |
| GLD | SPDR Gold Shares | 2,350.94 | 90,872.75 | 2.59 |
| SPLG | SPDR Portfolio S&P 500 ETF | 1,787.80 | 57,766.32 | 3.09 |
| VXF | Vanguard Extended Market ETF | 1,756.54 | 22,005.16 | 7.98 |
Top 10 Redemptions (All ETFs)
| Ticker | Name | Net Flows ($, mm) | AUM ($, mm) | AUM % Change |
| SPY | SPDR S&P 500 ETF Trust | -22,223.28 | 585,628.02 | -3.79 |
| GOVT | iShares U.S. Treasury Bond ETF | -1,232.08 | 27,343.47 | -4.51 |
| DIA | SPDR Dow Jones Industrial Average ETF Trust | -1,219.87 | 36,092.36 | -3.38 |
| LQD | iShares iBoxx $ Investment Grade Corporate Bond ETF | -674.83 | 29,888.03 | -2.26 |
| JAAA | Janus Detroit Street Trust Janus Henderson AAA CLO ETF | -565.90 | 21,440.69 | -2.64 |
| XLI | Industrial Select Sector SPDR Fund | -552.20 | 19,986.37 | -2.76 |
| EFAV | iShares MSCI EAFE Min Vol Factor ETF | -525.21 | 4,729.46 | -11.11 |
| VMBS | Vanguard Mortgage-Backed Securities ETF | -430.08 | 19,377.10 | -2.22 |
| EFG | iShares MSCI EAFE Growth ETF | -416.99 | 12,912.02 | -3.23 |
| VCSH | Vanguard Short-Term Corporate Bond ETF | -330.38 | 34,090.16 | -0.97 |
ETF Weekly Flows By Asset Class
| Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
| Alternatives | -65.43 | 9,411.22 | -0.70% |
| Asset Allocation | 198.86 | 23,402.30 | 0.85% |
| Commodities ETFs | 3,218.80 | 194,698.61 | 1.65% |
| Currency | 634.87 | 106,065.80 | 0.60% |
| International Equity | 7,576.37 | 1,673,965.42 | 0.45% |
| International Fixed Income | 680.96 | 279,771.56 | 0.24% |
| Inverse | 155.99 | 13,171.55 | 1.18% |
| Leveraged | 2,611.62 | 107,591.17 | 2.43% |
| US Equity | 41,612.83 | 6,524,891.46 | 0.64% |
| US Fixed Income | 5,900.11 | 1,635,822.96 | 0.36% |
| Total: | 62,524.99 | 10,568,792.07 | 0.59% |
Disclaimer: All data as of 6 a.m. ET the date the article is published. Data are believed to be accurate; however, transient market data are often subject to subsequent revision and correction by the exchanges.
