2020 ETF Inflows Now Second Largest Ever

September 18, 2020

Another week of losses in U.S. stock markets didn't stem the flow of funds into ETFs. A mammoth $36.5 billion entered U.S.-listed ETFs during the week ending Thursday, Sept. 17, according to the latest data from FactSet. That's the largest weekly inflow since late last year and may have been fueled by tax-related heartbeat trades (notice all the Vanguard ETFs on this week's top inflows list)—or maybe not—we'll know for sure next week.

In either case, inflows are inflows, and this week's spoils pushed year-to-date inflows up to $332.5 billion, well ahead of the $197 billion seen at this time a year ago.

In fact, 2020's ETF inflows have now surpassed 2019's total inflows of $326 billion, which was the second-largest annual haul ever. Now only $144 billion stands between 2020 and 2017's record $476.1 billion haul. There are more than three months to close that gap, ample time to make this year one for the record books.

Fixed Income Leads Equities 

U.S. equity ETFs had the bulk of the inflows this week, but on a year-to-date basis, U.S. fixed income ETFs still lead, with creations of $141 billion versus $104 billion. A big chunk of this year's U.S. equity ETF inflows have gone into the tech-heavy Invesco QQQ Trust (QQQ)—$12.2 billion—though the fund registered outflows of nearly $2 billion in the past week as tech stocks continued to pull back from their all-time highs.

For equity ETFs, only the Vanguard S&P 500 ETF (VOO) and the Vanguard Total Stock Market ETF (VTI) have gathered more assets than QQQ this year, $23.5 billion and $17.7 billion, respectively.

Meanwhile, for fixed income, the iShares iBoxx USD Investment Grade Corporate Bond ETF (LQD), the Vanguard Intermediate-Term Corporate Bond ETF (VCIT), the Vanguard Total Bond Market ETF (BND)  and the iShares iBoxx USD High Yield Corporate Bond ETF (HYG) led the way, each with inflows of more than $10 billion for the year.

Finally, the SPDR Gold Trust (GLD) has been far and away the most popular commodity fund of the year, and the second most popular of all ETFs, with inflows of $19.6 billion for 2020. GLD's total assets under management stand at $78.6 billion currently. 

 

Top 10 Creations (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
IVV iShares Core S&P 500 ETF 4,139.31 217,163.60 1.91%
SPY SPDR S&P 500 ETF Trust 2,395.16 302,870.07 0.79%
VTI Vanguard Total Stock Market ETF 2,383.45 164,524.88 1.45%
VOO Vanguard S&P 500 ETF 1,752.90 162,920.25 1.08%
SCHG Schwab U.S. Large-Cap Growth ETF 1,528.91 13,571.29 11.27%
VB Vanguard Small-Cap ETF 1,429.03 30,214.88 4.73%
VUG Vanguard Growth ETF 1,415.04 61,480.85 2.30%
VXF Vanguard Extended Market ETF 1,411.00 11,407.45 12.37%
VO Vanguard Mid-Cap ETF 1,352.24 36,068.79 3.75%
VXUS Vanguard Total International Stock ETF 1,100.94 26,673.35 4.13%

 

Top 10 Redemptions (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
QQQ Invesco QQQ Trust -1,989.27 128,843.11 -1.54%
FXN First Trust Energy AlphaDEX Fund -380.40 140.38 -270.98%
GLD SPDR Gold Trust -350.73 78,638.39 -0.45%
XLU Utilities Select Sector SPDR Fund -260.00 11,731.06 -2.22%
HYG iShares iBoxx USD High Yield Corporate Bond ETF -244.57 30,199.88 -0.81%
POCT Innovator S&P 500 Power Buffer ETF - October -211.58 210.58 -100.48%
VLUE iShares MSCI USA Value Factor ETF -205.13 6,965.46 -2.95%
IWF iShares Russell 1000 Growth ETF -160.89 57,844.08 -0.28%
EWJ iShares MSCI Japan ETF -160.64 9,977.60 -1.61%
EFAV iShares MSCI EAFE Min Vol Factor ETF -158.28 10,801.16 -1.47%

 

ETF Weekly Flows By Asset Class

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 26,876.59 2,688,383.74 1.00%
International Equity 3,169.49 884,743.93 0.36%
U.S. Fixed Income 4,850.40 923,916.34 0.52%
International Fixed Income 1,723.77 109,974.79 1.57%
Commodities -494.81 152,280.47 -0.32%
Currency 1.32 1,925.41 0.07%
Leveraged 220.09 38,293.63 0.57%
Inverse -56.93 14,285.42 -0.40%
Asset Allocation 125.90 11,071.62 1.14%
Alternatives 100.12 5,116.40 1.96%
Total: 36,515.95 4,829,991.76 0.76%

 

Asset Classes (Year-to-Date)

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 103,862.14 2,688,383.74 3.86%
International Equity 12,182.68 884,743.93 1.38%
U.S. Fixed Income 141,239.47 923,916.34 15.29%
International Fixed Income 13,220.57 109,974.79 12.02%
Commodities 44,349.10 152,280.47 29.12%
Currency 590.97 1,925.41 30.69%
Leveraged 2,973.02 38,293.63 7.76%
Inverse 13,377.99 14,285.42 93.65%
Asset Allocation 1,023.38 11,071.62 9.24%
Alternatives -280.92 5,116.40 -5.49%
Total: 332,538.40 4,829,991.76 6.88%

 

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

Ticker Name Weekly Performance Weekly Volume AUM ($, mm)
IBBJ Defiance NASDAQ Junior Biotechnology ETF 10.08% 36,863 2.68
PTH Invesco DWA Healthcare Momentum ETF 8.87% 91,874 497.72
BTEC Principal Healthcare Innovators Index ETF 8.66% 23,504 95.98
FUE Elements MLCX Biofuels Index-Total Return ETN 8.47% 2,650 0.35
LIT Global X Lithium & Battery Tech ETF 8.16% 1,112,219 764.93
BBP Virtus LifeSci Biotech Products ETF 7.97% 5,490 26.67
XBI SPDR S&P Biotech ETF 7.90% 16,028,691 6,296.92
IDNA iShares Genomics Immunology and Healthcare ETF 7.87% 113,901 147.61
ARKG ARK Genomic Revolution ETF 7.63% 2,288,606 2,168.05
ARKK ARK Innovation ETF 7.59% 7,281,429 8,566.94

 

Top 10 YTD Performers

Ticker Name YTD Performance Weekly Performance AUM ($, mm)
XVZ iPath S&P 500 Dynamic VIX ETN 107.68% 1.56% 9.76
VIXM ProShares VIX Mid-Term Futures ETF 87.55% 1.31% 99.42
VXZ iPath Series B S&P 500 VIX Mid-Term Futures ETN 86.76% 0.97% 30.46
ARKG ARK Genomic Revolution ETF 85.71% 7.63% 2,168.05
TAN Invesco Solar ETF 83.96% 7.13% 1,345.20
ARKK ARK Innovation ETF 83.10% 7.59% 8,566.94
ARKW ARK Next Generation Internet ETF 82.39% 5.77% 2,356.08
QCLN First Trust NASDAQ Clean Edge Green Energy Index Fund 70.80% 7.38% 557.07
ONLN ProShares Online Retail ETF 69.85% 1.79% 297.54
PBW Invesco WilderHill Clean Energy ETF 69.47% 6.28% 671.95

 

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.

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