Equity ETFs on Top Despite Market Decline

Mar 13, 2023

Reviewed by: Shubham Saharan

Edited by: Shubham Saharan

U.S. equity exchange-traded funds reversed losses from prior weeks as investors flocked to U.S. stock ETFs despite a market downturn.

U.S. equity funds pulled in just over $7 billion in the week ending March 10, according to etf.com data. That’s a shift from the $9 billion that left the asset class the week prior.

The top asset gatherer of the week was the SPDR S&P 500 ETF Trust (SPY), which lured in $5.2 billion, compared with the $8.8 billion that exited the fund the week before. Other funds that attracted the most inflows included the iShares Core S&P 500 ETF (IVV) and the Invesco QQQ Trust (QQQ), which collectively pulled in nearly $1.6 billion.

The uptick in interest in U.S. equity ETFs comes despite a rough week for stock markets. The S&P 500 dipped 4.5% during the trading week, its worst performance in nearly six months, as fears reverberated through markets that bank stress following the closure of SVB could send more firms under. The Nasdaq slumped 4.7% during the same period.

Meanwhile, U.S. fixed income ETFs brought in nearly $4 billion during the week. That’s a 15% drop from the $4.6 billion that the asset class drew in the previous week. Bond funds that saw the greatest inflows included the SPDR Bloomberg 1-3 Month T-Bill ETF (BIL), the iShares 20+ Year Treasury Bond ETF (TLT) and the iShares Core U.S. Aggregate Bond ETF (AGG).

On the other side of the ledger, ETFs with the greatest outflows included the Invesco Russell 1000 Dynamic Multifactor ETF (OMFL) and the SPDR Gold Trust (GLD).

For a 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
SPY	SPDR S&P 500 ETF Trust	5,171.14	353,651.88	1.46%
BIL	SPDR Bloomberg 1-3 Month T-Bill ETF	933.45	27,550.19	3.39%
IVV	iShares Core S&P 500 ETF	864.57	293,936.60	0.29%
TLT	iShares 20+ Year Treasury Bond ETF	843.58	31,402.63	2.69%
QQQ	Invesco QQQ Trust	656.60	156,535.65	0.42%
MBB	iShares MBS ETF	452.56	24,995.96	1.81%
VOO	Vanguard S&P 500 ETF	415.79	271,302.51	0.15%
QQQM	Invesco NASDAQ 100 ETF	396.13	7,326.12	5.41%
IWM	iShares Russell 2000 ETF	393.64	52,073.73	0.76%
AGG	iShares Core U.S. Aggregate Bond ETF	309.71	85,931.23	0.36%

Top 10 Redemptions (All ETFs)

Ticker	Name	Net Flows ($,mm)	AUM ($, mm)	AUM % Change
OMFL	Invesco Russell 1000 Dynamic Multifactor ETF	-637.96	2,605.51	-24.49%
GLD	SPDR Gold Trust	-614.24	53,071.60	-1.16%
SCHR	Schwab Intermediate-Term U.S. Treasury ETF	-567.03	6,984.95	-8.12%
DIA	SPDR Dow Jones Industrial Average ETF Trust	-558.34	27,315.54	-2.04%
EWY	iShares MSCI South Korea ETF	-502.86	3,281.23	-15.33%
JNK	SPDR Bloomberg High Yield Bond ETF	-401.00	6,900.31	-5.81%
XLE	Energy Select Sector SPDR Fund	-374.87	39,663.26	-0.95%
XLK	Technology Select Sector SPDR Fund	-365.18	40,001.60	-0.91%
XLV	Health Care Select Sector SPDR Fund	-341.91	37,653.24	-0.91%
SHY	iShares 1-3 Year Treasury Bond ETF	-290.30	25,995.41	-1.12%

ETF Weekly Flows By Asset Class

	Net Flows ($, mm)	AUM ($, mm)	% of AUM
U.S. Equity	7,046.76	3,920,979.39	0.18%
International Equity	581.52	1,215,050.36	0.05%
U.S. Fixed Income	3,938.75	1,183,189.29	0.33%
International Fixed Income	404.86	144,989.90	0.28%
Commodities	-804.02	126,714.73	-0.63%
Currency	28.70	3,482.50	0.82%
Leveraged	25.86	48,987.44	0.05%
Inverse	24.83	26,272.89	0.09%
Asset Allocation	-39.43	15,942.89	-0.25%
Alternatives	-133.42	7,376.57	-1.81%
Total:	11,074.43	6,692,985.96	0.17%

Asset Classes (Year-to-Date)

	Net Flows ($, mm)	AUM ($, mm)	% of AUM
U.S. Equity	-5,867.83	3,920,979.39	-0.15%
International Equity	29,069.38	1,215,050.36	2.39%
U.S. Fixed Income	26,703.53	1,183,189.29	2.26%
International Fixed Income	5,769.02	144,989.90	3.98%
Commodities	-1,392.56	126,714.73	-1.10%
Currency	-329.73	3,482.50	-9.47%
Leveraged	-51.78	48,987.44	-0.11%
Inverse	5,140.31	26,272.89	19.57%
Asset Allocation	-1,892.82	15,942.89	-11.87%
Alternatives	-45.76	7,376.57	-0.62%
Total:	57,101.77	6,692,985.96	0.85%

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

Ticker	Name	Weekly Performance	Weekly Volume	AUM ($, mm)
SPKX	ConvexityShares 1x SPIKES Futures ETF	11.65%	16,848	0.91
VXX	iPath Series B S&P 500 VIX Short Term Futures ETN	10.90%	7,251,159	251.60
VIXY	ProShares VIX Short-Term Futures ETF	10.84%	24,175,684	273.57
BDRY	Breakwave Dry Bulk Shipping ETF	8.42%	1,660,714	111.94
GRN	iPath Series B Carbon ETN	6.60%	14,479	54.60
NOPE	Noble Absolute Return ETF	6.03%	529,711	39.74
KEUA	KraneShares European Carbon Allowance Strategy ETF	5.78%	312,001	40.61
VIXM	ProShares VIX Mid-Term Futures ETF	5.25%	171,630	65.55
VXZ	iPath Series B S&P 500 VIX Mid-Term Futures ETN	5.14%	112,544	44.11
CYA	Simplify Tail Risk Strategy ETF	4.61%	130,082	19.25

Top 10 YTD Performers

Ticker	Name	YTD Performance	Weekly Performance	AUM ($, mm)
WGMI	Valkyrie Bitcoin Miners ETF	46.31%	-12.08%	4.28
DAM	VanEck Digital Assets Mining ETF	39.43%	-12.26%	1.04
DAPP	VanEck Digital Transformation ETF	32.96%	-12.13%	23.13
BITQ	Bitwise Crypto Industry Innovators ETF	32.15%	-10.76%	46.36
IBLC	iShares Blockchain and Tech ETF	31.47%	-9.30%	5.21
SATO	Invesco Alerian Galaxy Crypto Economy ETF	27.11%	-9.56%	2.27
BITS	Global X Blockchain and Bitcoin Strategy ETF	26.97%	-10.93%	8.44
ARKW	ARK Next Generation Internet ETF	25.97%	-4.80%	1,191.95
FDIG	Fidelity Crypto Industry and Digital Payments ETF	25.93%	-9.02%	22.39
ARKF	ARK Fintech Innovation ETF	22.71%	-4.68%	814.13

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.

Shubham Saharan

| Contact: [email protected]

Shubham Saharan is a markets reporter at etf.com. Before joining the company, she reported for Bloomberg and the Financial Times. Saharan is a graduate of Barnard College of Columbia University.

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Equity ETFs on Top Despite Market Decline

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