Big Bet On Low Vol ETF 'SPLV'

Investors added nearly $12 billion to U.S.-listed ETFs this week.

ETF.com
|
Reviewed by: etf.com Staff
,
Edited by: etf.com Staff

Inflows into ETFs continued to chug along at a steady pace this week as markets consolidated. About $11.6 billion entered U.S.-listed ETFs during the week ending Thursday, May 20, bringing year-to-date inflows up to $369.4 billion. That compares favorably with the $131 billion that flowed into ETFs by this same time a year ago.

This week, U.S. fixed income ETFs took the lead, with creations of $5.3 billion. That was followed by the $3.4 billion and $1.1 billion that went into international equity ETFs and U.S. equity ETFs, respectively.

After an early-week dip in prices, stocks rebounded thanks to a resurgence in the beaten-down high-growth areas of the market. Funds like the ARK Innovation ETF (ARKK) and the Invesco Solar ETF (TAN) bounced notably off their lows of last week as investors scoured for bargains.

That said, those names didn’t make an appearance on the top inflows list of the week. Rather, ETF investors continued to focus their firepower on the cheaper areas of the market that have been working for most of 2021.

The Invesco S&P 500 Low Volatility ETF (SPLV), the Financial Select Sector SPDR Fund (XLF) and the JPMorgan BetaBuilders Europe ETF (BBEU) each made the top 10 weekly inflows list.

SPLV’s inflows in particular were noteworthy, pushing assets in the fund to their highest level since March 2020. Consumer staples and health care—two noncyclical sectors—make up nearly half of SPLV’s low-vol portfolio. 

Outflows For ‘QQQ’

On the other hand, despite the rebound in prices, ETF investors lightened up on some of their “growthier” funds. The tech-heavy Invesco QQQ Trust (QQQ), the SPDR S&P Biotech ETF (XBI) and the iShares Expanded Tech-Software Sector ETF (IGV) each had outflows of more than $250 million during the week.

The SPDR S&P 500 ETF Trust (SPY) finished the week with the largest outflow—$9.3 billion. This is the fourth year in a row in which SPY has seen net outflows.

For a full list of this week’s top inflows and outflows, see the tables below:

 

Top 10 Creations (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
SPLVInvesco S&P 500 Low Volatility ETF2,094.5210,036.2020.87%
IWMiShares Russell 2000 ETF1,343.5565,542.812.05%
XLFFinancial Select Sector SPDR Fund1,193.8644,160.532.70%
VOOVanguard S&P 500 ETF1,037.74220,035.710.47%
VTIVanguard Total Stock Market ETF873.15237,112.070.37%
GLDSPDR Gold Trust760.3962,955.041.21%
IEFAiShares Core MSCI EAFE ETF723.7994,507.120.77%
BBEUJPMorgan BetaBuilders Europe ETF704.187,144.809.86%
JNKSPDR Bloomberg Barclays High Yield Bond ETF673.709,849.346.84%
VGKVanguard FTSE Europe ETF645.5018,081.103.57%

 

Top 10 Redemptions (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
SPYSPDR S&P 500 ETF Trust-9,328.37349,542.88-2.67%
QQQInvesco QQQ Trust-1,835.71153,766.00-1.19%
XBISPDR S&P Biotech ETF-673.176,586.86-10.22%
XLUUtilities Select Sector SPDR Fund-509.3211,674.36-4.36%
IJHiShares Core S&P Mid-Cap ETF-438.4463,200.08-0.69%
SPIBSPDR Portfolio Intermediate Term Corporate Bond ETF-371.576,413.38-5.79%
XOPSPDR S&P Oil & Gas Exploration & Production ETF-326.043,750.78-8.69%
IEFiShares 7-10 Year Treasury Bond ETF-307.9413,189.34-2.33%
GSLCGoldman Sachs ActiveBeta U.S. Large Cap Equity ETF-284.7712,130.05-2.35%
IGViShares Expanded Tech-Software Sector ETF-253.954,684.13-5.42%

 

ETF Weekly Flows By Asset Class

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity1,087.663,589,203.030.03%
International Equity3,370.221,228,439.600.27%
U.S. Fixed Income5,268.351,011,856.000.52%
International Fixed Income773.60137,210.740.56%
Commodities1,402.94144,556.660.97%
Currency7.261,778.990.41%
Leveraged-40.3955,074.98-0.07%
Inverse-146.6911,787.30-1.24%
Asset Allocation10.2015,463.230.07%
Alternatives-111.516,315.65-1.77%
Total:11,621.666,201,686.180.19%

 

Asset Classes (Year-to-Date)

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity171,878.933,589,203.034.79%
International Equity110,994.621,228,439.609.04%
U.S. Fixed Income64,125.271,011,856.006.34%
International Fixed Income16,786.34137,210.7412.23%
Commodities-3,275.82144,556.66-2.27%
Currency-128.591,778.99-7.23%
Leveraged3,114.2955,074.985.65%
Inverse2,854.6211,787.3024.22%
Asset Allocation1,426.9715,463.239.23%
Alternatives1,607.406,315.6525.45%
Total:369,384.036,201,686.185.96%

 

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

TickerNameWeekly PerformanceWeekly VolumeAUM ($, mm)
VIXYProShares VIX Short-Term Futures ETF9.36%76,014,190330.36
BDRYBreakwave Dry Bulk Shipping ETF6.54%2,773,692109.60
VXXiPath Series B S&P 500 VIX Short Term Futures ETN6.22%123,587,3661,175.40
SLVPiShares MSCI Global Silver and Metals Miners ETF5.79%872,834345.77
KGRNKraneShares MSCI China Clean Technology Index ETF5.76%313,535129.19
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN5.66%63,94240.28
MLPOCredit Suisse S&P MLP Index ETN5.53%5,25023.33
SILJETFMG Prime Junior Silver Miners ETF5.18%10,320,928999.66
SPXZMorgan Creek - Exos SPAC Originated ETF4.84%57,80422.02
VIXMProShares VIX Mid-Term Futures ETF4.70%377,92896.89

 

Top 10 YTD Performers

TickerNameYTD PerformanceWeekly PerformanceAUM ($, mm)
BDRYBreakwave Dry Bulk Shipping ETF217.53%6.54%109.60
ILCViShares Morningstar Value ETF129.49%-1.63%714.04
JJTiPath Series B Bloomberg Tin Subindex Total Return ETN61.95%3.04%8.45
FCGFirst Trust Natural Gas ETF61.57%-0.28%210.15
PXEInvesco Dynamic Energy Exploration & Production ETF60.59%0.37%67.72
PSCEInvesco S&P SmallCap Energy ETF58.84%0.14%159.59
MLPOCredit Suisse S&P MLP Index ETN55.30%5.53%23.33
URNMNorth Shore Global Uranium Mining ETF52.68%1.16%318.87
GRNiPath Series B Carbon ETN51.54%-13.34%53.26
PXIInvesco DWA Energy Momentum ETF50.49%-1.78%163.90

 

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.

etf.com is the single source for ETF intelligence. We provide real-time ETF news and analysis to educate investors and drive financial knowledge in the space. Our personalized and accurate information, alongside industry-leading financial tools, are depended upon to develop winning investment and financial decisions. At etf.com, we strive to serve both the individual investor as well as the professional financial advisor to educate and grow the ETF community.