ETFs See $30B Weekly Outflows

Just one day led to the worst weekly ETF outflow mark so far this year.

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Reviewed by: Dan Mika
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Edited by: Dan Mika

The S&P 500 and the Dow Jones Industrial Average both recovered from a brutal correction on Monday to end the week in the positive, but ETFs have yet to recoup their losses.

U.S.-listed ETFs lost more than $29.6 billion to outflows from Sept, 17 to Sept. 23, according to ETF.com data provider FactSet, with approximately $27.5 billion in outflows on Monday alone.

A quartet of fears swept across the market between a potential default of Chinese property developer Evergrande, a Federal Reserve meeting that ultimately signaled tighter monetary policy on the way, brinkmanship in Washington over the debt ceiling and the ongoing COVID-19 pandemic heading into the winter.

Broad Indexes Retreat

Broad vanilla index funds have been steady gainers through most of 2021 but spent this week filling the outflow leaders chart.

The SPDR S&P 500 ETF Trust (SPY) had the largest outflow of funds, with $5.8 billion being pulled, while the Vanguard Extended Market ETF (VXF) suffered the largest loss of percentage of assets under management, with a 16.21% drawdown.

The Vanguard Growth ETF (VUG), the Vanguard Dividend Appreciation ETF (VIG) and the Vanguard Mid-Cap ETF (VO) rounded out the top five losers, with outflows of 3.3%, 4.3% and 4.6%, respectively.

Mixed Bag Of Inflow Leaders

The leaders chart for the week is varied, with some gains suggesting a portion of investors think deals were to be found in the correction. The iShares Russell 2000 ETF (IWM) led gainers by dollar amount with inflows of $2.2 billion and a 3.3% gain in AUM. The SPDR S&P Oil & Gas Exploration & Production ETF (XOP) was the largest gainer by AUM percentage, adding 9.0%, or $311.3 million, in net flows.

Investors also made buys into several sectors of the fixed income space. The iShares Broad USD Investment Grade Corporate Bond ETF (USIG) led that segment, with a gain of 5.5%, while the iShares 7-10 Year Treasury Bond ETF (IEF) and the PIMCO Enhanced Short Maturity Active ETF (MINT) were also in the top 10 list, with 3.2% and 2.2% in inflows, respectively.

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
IWMiShares Russell 2000 ETF2,206.8866,922.703.30%
VOOVanguard S&P 500 ETF1,676.53252,703.750.66%
TQQQProShares UltraPro QQQ1,069.1815,140.947.06%
BSVVanguard Short-Term Bond ETF582.6642,021.211.39%
IEFiShares 7-10 Year Treasury Bond ETF443.1813,826.483.21%
MTUMiShares MSCI USA Momentum Factor ETF440.8015,201.212.90%
USIGiShares Broad USD Investment Grade Corporate Bond ETF362.686,631.295.47%
XBISPDR S&P Biotech ETF346.897,500.674.62%
MINTPIMCO Enhanced Short Maturity Active ETF321.1714,385.932.23%
XOPSPDR S&P Oil & Gas Exploration & Production ETF311.303,463.638.99%

 

Top 10 Redemptions (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
SPYSPDR S&P 500 ETF Trust-5,803.93395,460.08-1.47%
VXFVanguard Extended Market ETF-2,828.4917,449.40-16.21%
VUGVanguard Growth ETF-2,800.5184,583.47-3.31%
VIGVanguard Dividend Appreciation ETF-2,644.9161,849.11-4.28%
VOVanguard Mid-Cap ETF-2,398.8452,358.04-4.58%
VTIVanguard Total Stock Market ETF-2,178.10267,775.61-0.81%
VBVanguard Small-Cap ETF-1,618.0547,375.67-3.42%
IVViShares Core S&P 500 ETF-1,376.42298,234.71-0.46%
RSPInvesco S&P 500 Equal Weight ETF-1,361.3428,849.85-4.72%
DIASPDR Dow Jones Industrial Average ETF Trust-1,130.5328,866.84-3.92%

 

ETF Weekly Flows By Asset Class

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity-36,470.223,947,525.28-0.92%
International Equity908.671,287,997.620.07%
U.S. Fixed Income4,650.791,089,805.080.43%
International Fixed Income10.89150,559.450.01%
Commodities-418.37135,720.68-0.31%
Currency0.371,903.160.02%
Leveraged1,448.2262,433.152.32%
Inverse99.4612,818.650.78%
Asset Allocation122.4618,594.660.66%
Alternatives22.516,857.140.33%
Total:-29,625.236,714,214.87-0.44%

 

Asset Classes (Year-to-Date)

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity305,222.183,947,525.287.73%
International Equity170,053.221,287,997.6213.20%
U.S. Fixed Income126,261.331,089,805.0811.59%
International Fixed Income28,871.15150,559.4519.18%
Commodities-4,034.96135,720.68-2.97%
Currency28.301,903.161.49%
Leveraged1,305.6762,433.152.09%
Inverse5,794.1912,818.6545.20%
Asset Allocation4,104.7618,594.6622.07%
Alternatives2,642.496,857.1438.54%
Total:640,248.326,714,214.879.54%

 

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

TickerNameWeekly PerformanceWeekly VolumeAUM ($, mm)
PGMiPath Series B Bloomberg Platinum Subindex Total Return ETN6.65%1,0365.04
PLTMGraniteShares Platinum Trust6.03%224,32735.41
PPLTAberdeen Standard Physical Platinum Shares ETF5.75%899,9411,220.05
CHIUGlobal X MSCI China Utilities ETF4.96%7,0042.01
CHIRGlobal X MSCI China Real Estate ETF4.49%83,4893.64
FAILCambria Global Tail Risk ETF4.33%10,2466.95
PSILAdvisorShares Psychedelics ETF3.62%158,6361.36
WNDYGlobal X Wind Energy ETF3.36%1,4422.59
CRPTFirst Trust SkyBridge Crypto Industry and Digital Economy ETF3.32%35,2221.95
VFINSimplify Volt Fintech Disruption ETF3.14%20,2122.78

 

Top 10 YTD Performers

TickerNameYTD PerformanceWeekly PerformanceAUM ($, mm)
BDRYBreakwave Dry Bulk Shipping ETF299.22%0.03%87.35
JJTiPath Series B Bloomberg Tin Subindex Total Return ETN95.22%2.67%14.24
URNMNorth Shore Global Uranium Mining ETF91.79%-4.67%682.70
GRNiPath Series B Carbon ETN87.14%1.57%81.83
UNGUnited States Natural Gas Fund LP80.98%-5.67%276.86
GAZiPath Series B Bloomberg Natural Gas Subindex Total Return ETN74.61%-5.26%9.62
FCGFirst Trust Natural Gas ETF72.56%-0.20%281.75
PXEInvesco Dynamic Energy Exploration & Production ETF71.71%0.12%77.71
UNLUnited States 12 Month Natural Gas Fund LP 67.59%-3.01%14.05
REMXVanEck Rare Earth/Strategic Metals ETF67.30%-2.25%1,005.41

 

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.