Value ETFs Stand Out In Weekly Flows

Investors poured $20.5 billion into ETFs this week.

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Reviewed by: Cinthia Murphy
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Edited by: Cinthia Murphy
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.

Cinthia Murphy is head of digital experience, advocating for the user in all that etf.com does. She previously served as managing editor and writer for etf.com, specializing in ETF content and multimedia. Cinthia’s experience includes time at Dow Jones and former BridgeNews, covering commodity futures markets in Chicago and Brazil equities in Sao Paulo. She has a bachelor’s degree in journalism from the University of Missouri-Columbia.