U.S.-listed ETFs fell off slightly in inflows compared to the previous week, but still maintained a healthy inflow of about $18.1 billion in new assets between Dec. 3 and Dec. 9.
The U.S. ETF industry has now garnered $816.3 billion in net inflows year-to-date, according to ETF.com data provider FactSet. That figure does not include approximately $36 billion in mutual fund assets converted into ETFs this year. U.S.-listed ETFs now hold just shy of $7.1 trillion in assets under management.
Mix Of Risk-On, Risk-Off Inflows
The top of the flows board featured the stalwarts SPDR S&P 500 ETF Trust (SPY) and iShares Core S&P 500 ETF (IVV), at $2.9 billion and $1.8 billion in inflows, respectively.
However, the rest of the leaderboard was split between defensive and growth-oriented tilts.
Bond funds accounted for plenty of inflows on the defensive side, with the iShares 20+ Year Treasury Bond ETF (TLT) leading the asset class, with approximately $1.7 billion in new assets. The iShares 7-10 Year Treasury Bond ETF (IEF), iShares iBoxx USD High Yield Corporate Bond ETF (HYG) and Vanguard Short-Term Treasury Index ETF (VGSH) added a combined $2.6 billion. On the equity side, the Consumer Staples Select Sector SPDR Fund (XLP) increased by $634.6 million.
But there were some bullish plays in the top inflows, with the Financial Select Sector SPDR Fund (XLF) signaling some confidence in the economic recovery. The ProShares UltraPro QQQ (TQQQ) gained $984.8 million as some investors tried to get a levered ride on a recovery in the Nasdaq-100 since Monday.
Other Broad Equities Flounder
While SPY and IVV took in heavy flows, investors pulled almost $3.5 billion from other big-name broad equity funds.
The Vanguard S&P 500 ETF (VOO) saw the largest outflows, with a $2.5 billion loss during the period, followed by the Invesco QQQ Trust (QQQ), with $1.0 billion. The iShares Russell 2000 ETF (IWM) lost $945 million in the week.
Some factor funds also took losses in the week, with the iShares MSCI USA Momentum Factor ETF (MTUM) seeing $641 million in outflows after a rebalancing event before the start of the period. The Vanguard Value ETF (VTV) and SPDR S&P 400 Mid Cap Growth ETF (MDYG) also saw outflows, with $614.5 million and $547.3 million in losses, respectively.
For a full list of this week’s top inflows and outflows, see the tables below:
Top 10 Creations (All ETFs)
| Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
| SPY | SPDR S&P 500 ETF Trust | 2,963.49 | 429,933.89 | 0.69% |
| IVV | iShares Core S&P 500 ETF | 1,805.70 | 330,690.33 | 0.55% |
| TLT | iShares 20+ Year Treasury Bond ETF | 1,736.56 | 19,451.94 | 8.93% |
| XLF | Financial Select Sector SPDR Fund | 1,458.33 | 43,665.29 | 3.34% |
| VTI | Vanguard Total Stock Market ETF | 1,142.44 | 294,280.04 | 0.39% |
| TQQQ | ProShares UltraPro QQQ | 984.84 | 20,445.10 | 4.82% |
| IEF | iShares 7-10 Year Treasury Bond ETF | 982.66 | 17,164.66 | 5.72% |
| HYG | iShares iBoxx USD High Yield Corporate Bond ETF | 980.05 | 19,698.14 | 4.98% |
| VGSH | Vanguard Short-Term Treasury Index ETF | 640.85 | 13,925.78 | 4.60% |
| XLP | Consumer Staples Select Sector SPDR Fund | 634.60 | 12,610.75 | 5.03% |
Top 10 Redemptions (All ETFs)
| Ticker | Name | Net Flows ($,mm) | AUM ($, mm) | AUM % Change |
| VOO | Vanguard S&P 500 ETF | -2,461.62 | 276,918.50 | -0.89% |
| QQQ | Invesco QQQ Trust | -1,042.35 | 210,640.27 | -0.49% |
| IWM | iShares Russell 2000 ETF | -945.00 | 69,611.00 | -1.36% |
| VCSH | Vanguard Short-Term Corporate Bond ETF | -854.28 | 41,621.03 | -2.05% |
| MTUM | iShares MSCI USA Momentum Factor ETF | -640.94 | 15,271.68 | -4.20% |
| VTV | Vanguard Value ETF | -614.58 | 89,384.64 | -0.69% |
| CWB | SPDR Bloomberg Convertible Securities ETF | -566.20 | 6,484.39 | -8.73% |
| MDYG | SPDR S&P 400 Mid Cap Growth ETF | -547.28 | 1,778.31 | -30.78% |
| IYR | iShares U.S. Real Estate ETF | -436.04 | 6,315.10 | -6.90% |
| XLB | Materials Select Sector SPDR Fund | -431.43 | 7,942.68 | -5.43% |
ETF Weekly Flows By Asset Class
| Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
| U.S. Equity | 9,390.08 | 4,288,571.40 | 0.22% |
| International Equity | 1,517.77 | 1,303,769.73 | 0.12% |
| U.S. Fixed Income | 5,490.22 | 1,108,621.62 | 0.50% |
| International Fixed Income | 911.61 | 151,820.11 | 0.60% |
| Commodities | -253.08 | 136,151.90 | -0.19% |
| Currency | 48.46 | 3,258.09 | 1.49% |
| Leveraged | 922.68 | 76,321.74 | 1.21% |
| Inverse | 105.10 | 11,947.58 | 0.88% |
| Asset Allocation | 254.26 | 20,353.78 | 1.25% |
| Alternatives | -260.07 | 6,835.42 | -3.80% |
| Total: | 18,127.03 | 7,107,651.37 | 0.26% |
Asset Classes (Year-to-Date)
| Net Flows ($, mm) | AUM ($, mm) | % of AUM | |
| U.S. Equity | 409,777.16 | 4,288,571.40 | 9.56% |
| International Equity | 195,652.15 | 1,303,769.73 | 15.01% |
| U.S. Fixed Income | 161,307.00 | 1,108,621.62 | 14.55% |
| International Fixed Income | 32,389.66 | 151,820.11 | 21.33% |
| Commodities | -3,024.49 | 136,151.90 | -2.22% |
| Currency | 1,933.84 | 3,258.09 | 59.36% |
| Leveraged | 3,732.88 | 76,321.74 | 4.89% |
| Inverse | 6,167.96 | 11,947.58 | 51.63% |
| Asset Allocation | 5,475.78 | 20,353.78 | 26.90% |
| Alternatives | 2,902.72 | 6,835.42 | 42.47% |
| Total: | 816,314.66 | 7,107,651.37 | 11.49% |
Top 10 Weekly Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded
| Ticker | Name | Weekly Performance | Weekly Volume | AUM ($, mm) |
| GRN | iPath Series B Carbon ETN | 15.26% | 578,743 | 140.07 |
| KEUA | KraneShares European Carbon Allowance Strategy ETF | 15.21% | 29,778 | 103.03 |
| KCCA | KraneShares California Carbon Allowance Strategy ETF | 14.40% | 969,781 | 10.22 |
| KRBN | KraneShares Global Carbon Strategy ETF | 14.26% | 4,061,088 | 1,621.18 |
| MLPO | Credit Suisse S&P MLP Index ETN | 11.80% | 1,162 | 22.98 |
| EATZ | AdvisorShares Restaurant ETF | 11.58% | 24,707 | 4.73 |
| ARKG | ARK Genomic Revolution ETF | 11.51% | 22,294,268 | 5,667.25 |
| POTX | Global X Cannabis ETF | 10.96% | 1,025,341 | 111.17 |
| UGA | United States Gasoline Fund LP | 10.43% | 173,771 | 78.97 |
| ARKK | ARK Innovation ETF | 10.36% | 62,709,269 | 17,784.12 |
Top 10 YTD Performers
| Ticker | Name | YTD Performance | Weekly Performance | AUM ($, mm) |
| BDRY | Breakwave Dry Bulk Shipping ETF | 295.32% | -3.82% | 75.50 |
| GRN | iPath Series B Carbon ETN | 162.13% | 15.26% | 140.07 |
| JJT | iPath Series B Bloomberg Tin Subindex Total Return ETN | 117.99% | 0.16% | 19.37 |
| KRBN | KraneShares Global Carbon Strategy ETF | 110.52% | 14.26% | 1,621.18 |
| FCG | First Trust Natural Gas ETF | 105.14% | 7.33% | 472.92 |
| PXE | Invesco Dynamic Energy Exploration & Production ETF | 101.84% | 6.54% | 138.90 |
| URNM | North Shore Global Uranium Mining ETF | 92.68% | 6.63% | 822.40 |
| PXI | Invesco DWA Energy Momentum ETF | 82.69% | 8.03% | 168.22 |
| IEO | iShares U.S. Oil & Gas Exploration & Production ETF | 80.23% | 5.20% | 322.80 |
| JO | iPath Series B Bloomberg Coffee Subindex Total Return ETN | 77.23% | 0.38% | 113.52 |
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.
