ETFs Add $21.5B Last Week

Not even an intraday bear market scare stopped a rebound in flows.

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Reviewed by: Dan Mika
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Edited by: Dan Mika

U.S.-listed ETFs took in more than $21.5 billion in new assets in the week ending May 20, the largest haul since early April, and a sign of confidence despite nearly all asset classes suffering this year amid economic uncertainty. 

Investors even added net inflows of just over $7 billion on Friday despite the S&P 500 momentarily dipping into bear market territory in intraday trading before rallying to nearly flat to close the week. 

The U.S. ETF industry has added $224.9 billion in net assets year to date, according to ETF.com data provider FactSet, and manages more than $6.3 trillion in assets. 

Large Caps, Safety Plays Gain 

The iShares Core S&P 500 ETF (IVV) led all funds, with a whopping gain just shy of $5 billion, followed by a $1.9 billion inflow into the iShares Core High Dividend ETF (HDV). Other large cap funds gained on the week as well, with the Invesco QQQ Trust (QQQ) adding $1.2 billion and the SPDR S&P 500 ETF Trust (SPY) adding just over $1 billion. 

Treasury ETFs rounded out the top inflows list within the fixed income category, leaning heavily toward safer short-term maturities.  

The iShares Short Treasury Bond ETF (SHV) added $1.5 billion, while the SPDR Bloomberg 1-3 Month T-Bill ETF (BIL), the Vanguard Intermediate-Term Treasury Index ETF (VGIT) and the iShares TIPS Bond ETF (TIP) had combined inflows of $2.35 billion. Those inflows come despite a $576 million outflow from the SPDR Portfolio Short Term Treasury ETF (SPTS)

Defensive-tilted equity strategies also took in significant assets. The iShares S&P Small-Cap 600 Value ETF (IJS) and the iShares MSCI Emerging Markets Min Vol Factor ETF (EEMV) combined took in $2.2 billion. 

Outflows Across Equity Types 

Fears of a recession amid multiple macroeconomic head winds appeared to drive outflows across multiple ETFs across the equity asset class. 

The iShares Core S&P Small-Cap ETF (IJR) led outflows, with a $1.3 billion loss, followed by the Financial Select Sector SPDR Fund (XLF), with a $1.3 billion outflow. 

The iShares Russell 2000 ETF (IWM) and the iShares MSCI USA Value Factor ETF (VLUE) lost a combined $1.8 billion, showing fears across the market capitalization range, while the iShares ESG Aware MSCI EM ETF (ESGE) and the ESG Aware MSCI USA ETF (ESGU) combined to lose $1.17 billion on the week. 

Commodities as an asset class posted a combined outflow of $959 million, driven primarily by a $1.04 billion outflow from the iShares GSCI Commodity Dynamic Roll Strategy ETF (COMT)

 

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
IVV iShares Core S&P 500 ETF 4,997.80 281,792.22 1.77%
HDV iShares Core High Dividend ETF 1,897.27 11,917.09 15.92%
SHV iShares Short Treasury Bond ETF 1,583.41 20,230.22 7.83%
QQQ Invesco QQQ Trust 1,262.75 158,512.01 0.80%
IJS iShares S&P Small-Cap 600 Value ETF 1,200.77 8,173.30 14.69%
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 1,018.91 4,447.64 22.91%
SPY SPDR S&P 500 ETF Trust 1,001.89 352,025.12 0.28%
BIL SPDR Bloomberg 1-3 Month T-Bill ETF 822.89 18,845.46 4.37%
VGIT Vanguard Intermediate-Term Treasury Index ETF 765.34 9,147.85 8.37%
TIP iShares TIPS Bond ETF 760.90 31,786.32 2.39%

 

Top 10 Redemptions (All ETFs)

Ticker Name Net Flows ($,mm) AUM ($, mm) AUM % Change
IJR iShares Core S&P Small-Cap ETF -1,380.91 62,492.11 -2.21%
XLF Financial Select Sector SPDR Fund -1,331.22 32,326.22 -4.12%
COMT iShares GSCI Commodity Dynamic Roll Strategy ETF -1,037.20 3,242.30 -31.99%
IWM iShares Russell 2000 ETF -1,015.71 51,843.73 -1.96%
VLUE iShares MSCI USA Value Factor ETF -862.91 10,079.98 -8.56%
IYE iShares U.S. Energy ETF -705.40 3,134.07 -22.51%
ESGE iShares ESG Aware MSCI EM ETF -620.02 5,192.69 -11.94%
SPTS SPDR Portfolio Short Term Treasury ETF -576.56 3,570.16 -16.15%
IXN iShares Global Tech ETF -554.97 3,636.02 -15.26%
ESGU iShares ESG Aware MSCI USA ETF -550.96 21,703.47 -2.54%

 

ETF Weekly Flows By Asset Class

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 11,450.77 3,701,798.30 0.31%
International Equity 1,328.58 1,150,979.33 0.12%
U.S. Fixed Income 9,797.38 1,068,676.38 0.92%
International Fixed Income -471.36 142,456.76 -0.33%
Commodities -959.11 162,297.63 -0.59%
Currency 205.98 4,107.41 5.01%
Leveraged -260.54 48,194.11 -0.54%
Inverse 352.51 19,278.29 1.83%
Asset Allocation 65.66 17,665.83 0.37%
Alternatives 70.65 7,475.60 0.95%
Total: 21,580.51 6,322,929.64 0.34%

 

Asset Classes (Year-to-Date)

  Net Flows ($, mm) AUM ($, mm) % of AUM
U.S. Equity 82,043.11 3,701,798.30 2.22%
International Equity 54,826.78 1,150,979.33 4.76%
U.S. Fixed Income 46,746.33 1,068,676.38 4.37%
International Fixed Income 5,668.58 142,456.76 3.98%
Commodities 17,193.85 162,297.63 10.59%
Currency 1,398.62 4,107.41 34.05%
Leveraged 12,836.17 48,194.11 26.63%
Inverse 3,011.21 19,278.29 15.62%
Asset Allocation 752.73 17,665.83 4.26%
Alternatives 497.57 7,475.60 6.66%
Total: 224,974.95 6,322,929.64 3.56%

 

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

Ticker Name Weekly Performance Weekly Volume AUM ($, mm)
RAYS Global X Solar ETF 13.10% 255,665 8.04
TAN Invesco Solar ETF 9.85% 5,081,212 2,047.91
CTEX ProShares S&P Kensho Cleantech ETF 8.84% 1,513 2.81
KGRN KraneShares MSCI China Clean Technology Index ETF 8.55% 106,766 136.50
CTEC Global X CleanTech ETF 8.34% 78,518 107.36
PBW Invesco WilderHill Clean Energy ETF 8.29% 1,237,357 1,029.83
VFIN Simplify Volt Fintech Disruption ETF 8.20% 7,684 1.15
ICLN iShares Global Clean Energy ETF 7.77% 24,477,599 4,774.27
HDRO Defiance Next Gen H2 ETF 7.33% 249,355 48.06
FRNW Fidelity Clean Energy ETF 7.19% 133,661 27.58

 

Top 10 YTD Performers

Ticker Name YTD Performance Weekly Performance AUM ($, mm)
RJN Elements Rogers International Commodity Index-Energy TR ETN 69.70% -2.40% 0.00
OILK ProShares K-1 Free Crude Oil Strategy ETF 45.20% -3.30% 92.52
GRU ELEMENTS Linked to ICE BofAML Commodity index eXtra Grains - Total Return ETN 36.36% -4.94% 0.00
MLPO Credit Suisse S&P MLP Index ETN 35.98% 0.33% 27.61
RJI Elements Rogers International Commodity Index-Total Return ETN 34.44% -1.38% 0.00
FUE ELEMENTS Linked to the ICE BofAML Commodity Index eXtra Biofuels - Total Return ETN 27.43% -1.59% 2.41
VIXY ProShares VIX Short-Term Futures ETF 26.83% 4.62% 309.62
RJA Elements Rogers International Commodity Index-Agriculture TR ETN 24.05% -2.45% 0.01
TADS The Active Dividend Stock ETF 17.40% 0.00% 0.01
VIXM ProShares VIX Mid-Term Futures ETF 15.64% 1.90% 100.24

 

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.

Dan Mika is a reporter for etf.com. He has previously covered business for the Ames Tribune and Cedar Rapids Gazette in Iowa, and BizWest Media in Fort Collins, Colorado. Dan holds a bachelor's degree in journalism from Truman State University.