Value ETFs Stand Out In Weekly Flows

Value ETFs Stand Out In Weekly Flows

Investors poured $20.5 billion into ETFs this week.

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Reviewed by: Cinthia Murphy
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Edited by: Cinthia Murphy
In a week of ups and downs in the U.S. stock market, where concerns about inflation, gasoline shortages and Tesla’s relationship to bitcoin made headlines, ETF investors remained steady, adding $20.5 billion to U.S.-listed ETFs.

Most of the fresh assets, again, landed into U.S. equity funds and, secondly, into international equity ETFs—a trend we’ve seen taking shape all year at the expense of appetite for fixed income strategies. Today, U.S. equity ETFs snag more than half of the market’s total $6.1 trillion in assets.

Among the week’s most notable creations, there was evident appetite for value stocks. Four of the 10 biggest asset inflows this past week happened in value ETFs tied to U.S. large cap and midcap stocks. Funds like the iShares MSCI USA Value Factor ETF (VLUE) and the SPDR S&P 400 Mid Cap Value ETF (MDYV) top that list (see below.)

Another interesting stat in the week’s numbers is the $2.4 billion net creation in the Invesco QQQ Trust (QQQ). This fund has been under pressure this year as growth and tech names lose steam in the face of a reopening trade centered on value. Coming into this week, QQQ had already tallied about $2.5 billion in net redemptions so far in 2021, making this past week’s inflows a complete reversal of fortunes for the fund.

QQQ is one of the market’s most traded ETFs, offering access to large cap names in the Nasdaq-100 excluding financial stocks. That design skews the portfolio heavily into tech names—more than 60% of the weighting is in this sector—making QQQ a popular vehicle with traders and investors expressing views on technology and growth names.

The year has so far offered another testament to the staying power, and the massive growth potential, of the ETF wrapper itself. ETFs have attracted more than $356 billion in net creations year-to-date, breaking records as they grow.

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
QQQInvesco QQQ Trust2,411.25152,762.891.58%
VOOVanguard S&P 500 ETF1,552.89216,092.900.72%
SPYSPDR S&P 500 ETF Trust1,182.90354,049.230.33%
IEFAiShares Core MSCI EAFE ETF1,088.3592,378.931.18%
RSPInvesco S&P 500 Equal Weight ETF814.9227,352.422.98%
VLUEiShares MSCI USA Value Factor ETF781.1515,994.914.88%
MDYVSPDR S&P 400 Mid Cap Value ETF729.152,230.6532.69%
SPYVSPDR Portfolio S&P 500 Value ETF607.8712,307.674.94%
VTVVanguard Value ETF583.5978,978.790.74%
XLVHealth Care Select Sector SPDR Fund571.4527,037.002.11%

 

Top 10 Redemptions (All ETFs)

TickerNameNet Flows ($,mm)AUM ($, mm)AUM % Change
IWMiShares Russell 2000 ETF-1,438.0462,473.26-2.30%
JNKSPDR Bloomberg Barclays High Yield Bond ETF-1,066.519,189.26-11.61%
XLIIndustrial Select Sector SPDR Fund-882.6719,809.61-4.46%
IVViShares Core S&P 500 ETF-837.16270,040.55-0.31%
IYRiShares U.S. Real Estate ETF-761.284,985.50-15.27%
XLEEnergy Select Sector SPDR Fund-511.6924,148.75-2.12%
HYGiShares iBoxx USD High Yield Corporate Bond ETF-391.6421,306.54-1.84%
USMViShares MSCI USA Min Vol Factor ETF-344.6428,034.62-1.23%
ARKGARK Genomic Revolution ETF-343.637,651.80-4.49%
ARKWARK Next Generation Internet ETF-326.855,266.22-6.21%

 

ETF Weekly Flows By Asset Class

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity11,595.823,533,097.630.33%
International Equity4,692.271,204,892.540.39%
U.S. Fixed Income1,487.811,005,288.140.15%
International Fixed Income767.17136,334.480.56%
Commodities927.83140,719.290.66%
Currency-8.891,766.87-0.50%
Leveraged856.9653,936.011.59%
Inverse165.6811,819.341.40%
Asset Allocation21.0015,156.830.14%
Alternatives-9.386,443.94-0.15%
Total:20,496.266,109,455.080.34%

 

Asset Classes (Year-to-Date)

 Net Flows ($, mm)AUM ($, mm)% of AUM
U.S. Equity170,768.653,533,097.634.83%
International Equity106,979.681,204,892.548.88%
U.S. Fixed Income58,353.951,005,288.145.80%
International Fixed Income15,997.74136,334.4811.73%
Commodities-4,678.76140,719.29-3.32%
Currency-135.861,766.87-7.69%
Leveraged2,935.6953,936.015.44%
Inverse2,892.7011,819.3424.47%
Asset Allocation1,415.2915,156.839.34%
Alternatives1,810.856,443.9428.10%
Total:356,339.926,109,455.085.83%

 

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

TickerNameWeekly PerformanceWeekly VolumeAUM ($, mm)
VIXYProShares VIX Short-Term Futures ETF31.87%88,831,490315.45
EDZDirexion Daily MSCI Emerging Markets Bear 3x Shares15.54%1,304,28623.47
VIXMProShares VIX Mid-Term Futures ETF13.05%465,61194.76
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN11.53%83,41342.32
GRNiPath Series B Carbon ETN7.40%122,17756.64
EPUiShares MSCI Peru ETF6.41%188,565205.93
KRBNKraneShares Global Carbon ETF5.04%3,517,369340.44
SPDNDirexion Daily S&P 500 Bear 1X Shares4.09%3,156,852120.12
CHBGlobal X China Biotech Innovation ETF4.01%7,0286.38
RJNElements Rogers International Commodity Index-Energy TR ETN3.74%55,7553.52

 

Top 10 YTD Performers

TickerNameYTD PerformanceWeekly PerformanceAUM ($, mm)
ISCBiShares Morningstar Small-Cap ETF350.73%-5.56%230.05
IMCBiShares Morningstar Mid-Cap ETF335.50%-4.19%855.47
ILCBiShares Morningstar U.S. Equity ETF322.48%-4.06%855.93
ISCViShares Morningstar Small Cap Value ETF271.55%-5.02%449.37
IMCViShares Morningstar Mid-Cap Value ETF268.37%-3.64%460.68
BDRYBreakwave Dry Bulk Shipping ETF214.29%-6.56%116.38
VXXiPath Series B S&P 500 VIX Short Term Futures ETN148.96% 1,360.27
ILCViShares Morningstar Value ETF127.28%-3.19%706.31
GRNiPath Series B Carbon ETN69.96%7.40%56.64
JJTiPath Series B Bloomberg Tin Subindex Total Return ETN58.69%0.20%8.10

 

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.

Cinthia Murphy is head of digital experience, advocating for the user in all that etf.com does. She previously served as managing editor and writer for etf.com, specializing in ETF content and multimedia. Cinthia’s experience includes time at Dow Jones and former BridgeNews, covering commodity futures markets in Chicago and Brazil equities in Sao Paulo. She has a bachelor’s degree in journalism from the University of Missouri-Columbia.