Weekly Channel Summary
The U.S. Size & Style ETF channel, encompassing 894 ETFs from 246 issuers, holds a total of $6,867B in assets under management. This week, the channel saw significant net inflows of $14.80B, contributing to a year-to-date total of $371.05B. Over the past year, the channel has gathered an impressive $580.92B in net new assets.
This Week’s Performance Leaders and Laggards
This week, U.S. Small Cap – Value led performance with a 2.96% WTD return, though it is up a more modest 5.45% YTD. The primary laggard for the week was U.S. Large Cap – Value, which posted a 1.49% gain, bringing its YTD return to 11.22%.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| U.S. Small Cap – Value | 2.96% | 0.73% | 6.09% | 20.84% | 5.45% | 6.56% |
| U.S. Small Cap – Blend | 2.69% | 1.54% | 7.19% | 20.61% | 8.39% | 9.47% |
| U.S. Small Cap – Growth | 2.62% | 2.91% | 9.56% | 23.70% | 10.20% | 11.60% |
| U.S. Mid Cap – Growth | 2.22% | 1.37% | 4.47% | 21.28% | 11.04% | 13.45% |
| U.S. Mid Cap – Blend | 2.18% | 1.46% | 4.49% | 17.71% | 8.35% | 8.23% |
| U.S. Large Cap – Growth | 2.05% | 2.51% | 7.48% | 28.49% | 17.80% | 21.68% |
| U.S. Mid Cap – Value | 2.00% | 0.14% | 3.04% | 15.48% | 6.74% | 6.25% |
| U.S. Large Cap – Blend | 1.74% | 1.87% | 5.67% | 20.22% | 13.50% | 14.10% |
| U.S. Large Cap – Value | 1.49% | 1.11% | 4.09% | 14.93% | 11.22% | 8.99% |
Top & Bottom ETFs by Weekly Performance
Drilling into specific funds, the top Large Cap performer was the Direxion HCM Tactical Enhanced US ETF (HCMT), returning 3.98%, while the Keating Active ETF (KEAT) was the worst performer at -0.62%. In Mid Caps, the Concourse Capital Focused Equity ETF (CCFE) led with a 4.44% gain, as the Clough Select Equity ETF (CBSE) lagged at -1.27%. For Small Caps, the First Trust Dow Jones Select MicroCap Index Fund (FDM) saw the best performance at 4.68%, and the iShares MSCI USA Small-Cap Min Vol Factor ETF (SMMV) was the bottom performer with a 0.59% return.
Large Cap Performance
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| HCMT | Direxion HCM Tactical Enhanced US ETF | 3.98% |
| TCV | Towle Value ETF | 3.95% |
| BELT | iShares U.S. Select Equity Active ETF | 3.86% |
| MVPA | Miller Value Partners Appreciation ETF | 3.59% |
| OAKM | Oakmark U.S. Large Cap ETF | 3.57% |
| Bottom Performers | ||
| KEAT | Keating Active ETF | -0.62% |
| FCUS | Pinnacle Focused Opportunities ETF | -0.49% |
| GQGU | GQG US Equity ETF | -0.44% |
| QQLV | Invesco QQQ Low Volatility ETF | -0.38% |
| ABEQ | Absolute Select Value ETF | -0.34% |
Mid Cap Performance
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| CCFE | Concourse Capital Focused Equity ETF | 4.44% |
| RFG | Invesco S&P Midcap 400 Pure Growth ETF | 4.38% |
| CSD | Invesco S&P Spin-Off ETF | 3.82% |
| GRPM | Invesco S&P MidCap 400 GARP ETF | 3.64% |
| TSME | Thrivent Small-Mid Cap Equity ETF | 3.59% |
| Bottom Performers | ||
| CBSE | Clough Select Equity ETF | -1.27% |
| OCFS | Otter Creek Focus Strategy ETF | -0.02% |
| SMIG | Bahl & Gaynor Small/Mid Cap Income Growth ETF | 0.18% |
| FLQM | Franklin U.S. Mid Cap Multifactor Index ETF | 0.38% |
| XMLV | Invesco S&P MidCap Low Volatility ETF | 0.40% |
Small Cap Performance
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| FDM | First Trust Dow Jones Select MicroCap Index Fund | 4.68% |
| BSVO | EA Bridgeway Omni Small-Cap Value ETF | 4.42% |
| RZV | Invesco S&P Smallcap 600 Pure Value ETF | 3.98% |
| AVSC | Avantis U.S Small Cap Equity ETF | 3.84% |
| VIOV | Vanguard S&P Small-Cap 600 Value ETF | 3.71% |
| Bottom Performers | ||
| SMMV | iShares MSCI USA Small-Cap Min Vol Factor ETF | 0.59% |
| OUSM | ALPS O’Shares US Small-Cap Quality Dividend ETF | 0.85% |
| SCDV | Bahl & Gaynor Small Cap Dividend ETF | 1.41% |
| XSLV | Invesco S&P SmallCap Low Volatility ETF | 1.51% |
| XSHD | Invesco S&P SmallCap High Dividend Low Volatility ETF | 1.62% |
Analyzing the Weekly Flows
The channel attracted $14,799M in total net flows this past week. U.S. Large Cap – Growth was the clear leader, pulling in $5,881M, adding to its $1,208.5B AUM base. U.S. Large Cap – Blend also saw significant interest with $5,040M in new assets. On the other end, U.S. Small Cap – Value experienced the largest outflows, shedding $152M.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| U.S. Large Cap – Growth | 149 | $1,208.5B | $5,881M | $11,599M | $34,187M | $93,252M | $129,461M |
| U.S. Large Cap – Blend | 333 | $3,845.5B | $5,040M | $37,583M | $88,137M | $222,761M | $340,744M |
| U.S. Large Cap – Value | 190 | $859.8B | $2,378M | $5,814M | $18,044M | $46,401M | $71,004M |
| U.S. Small Cap – Blend | 60 | $316.1B | $1,135M | ($612M) | $1,932M | ($8,039M) | $2,759M |
| U.S. Mid Cap – Blend | 67 | $358.3B | $471M | $2,009M | $5,304M | $19,270M | $31,497M |
| U.S. Small Cap – Growth | 17 | $50.3B | $87M | $126M | ($23M) | ($1,943M) | ($3M) |
| U.S. Mid Cap – Growth | 23 | $59.4B | $39M | $249M | $1,433M | $1,778M | $3,241M |
| U.S. Mid Cap – Value | 21 | $74.1B | ($80M) | $6M | $836M | $1,098M | $3,506M |
| U.S. Small Cap – Value | 33 | $95.2B | ($152M) | ($220M) | $353M | ($3,532M) | ($1,289M) |
Top & Bottom ETFs by 5-Day Flow
At the fund level, the Vanguard S&P 500 ETF (VOO) dominated Large Cap inflows with +$5,612M, while the SPDR S&P 500 ETF Trust (SPY) saw the largest redemption of -$4,349M. For Mid Caps, the iShares Core S&P Mid-Cap ETF (IJH) led with +$300M in new assets, and the Vanguard Mid-Cap ETF (VO) had the most outflows at -$100M. In the Small Cap space, the iShares Russell 2000 ETF (IWM) gathered +$756M, as the iShares US Small Cap Value Factor ETF (SVAL) topped outflows at -$80M.
Large Cap Flows
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| VOO | Vanguard S&P 500 ETF | $5,612M |
| QQQ | Invesco QQQ Trust Series I | $3,054M |
| DIA | SPDR Dow Jones Industrial Average ETF Trust | $1,372M |
| SPLG | SPDR Portfolio S&P 500 ETF | $946M |
| VTI | Vanguard Total Stock Market ETF | $847M |
| Outflows | ||
| SPY | SPDR S&P 500 ETF Trust | ($4,349M) |
| COWZ | Pacer US Cash Cows 100 ETF | ($268M) |
| SCHD | Schwab US Dividend Equity ETF | ($221M) |
| USMC | Principal U.S. Mega-Cap ETF | ($191M) |
| KRMA | Global X Conscious Companies ETF | ($164M) |
Mid Cap Flows
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| IJH | iShares Core S&P Mid-Cap ETF | $300M |
| FMDE | Fidelity Enhanced Mid Cap ETF | $101M |
| SPMD | SPDR Portfolio S&P 400 Mid Cap ETF | $60M |
| IWR | iShares Russell Midcap ETF | $43M |
| VXF | Vanguard Extended Market ETF | $40M |
| Outflows | ||
| VO | Vanguard Mid-Cap ETF | ($100M) |
| REGL | ProShares S&P MidCap 400 Dividend Aristocrats ETF | ($86M) |
| IWS | iShares Russell Mid-Cap Value ETF | ($63M) |
| MDYV | SPDR S&P 400 Mid Cap Value ETF | ($50M) |
| MDYG | SPDR S&P 400 Mid Cap Growth ETF | ($28M) |
Small Cap Flows
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| IWM | iShares Russell 2000 ETF | $756M |
| PSC | Principal U.S. Small-Cap ETF | $175M |
| VB | Vanguard Small-Cap ETF | $101M |
| AVUV | Avantis U.S. Small Cap Value ETF | $88M |
| SPSM | SPDR Portfolio S&P 600 Small Cap ETF | $53M |
| Outflows | ||
| SVAL | iShares US Small Cap Value Factor ETF | ($80M) |
| IWN | iShares Russell 2000 Value ETF | ($54M) |
| IJS | iShares S&P Small-Cap 600 Value ETF | ($50M) |
| CALF | Pacer US Small Cap Cash Cows ETF | ($43M) |
| TPSC | Timothy Plan US Small Cap Core ETF | ($43M) |
Issuer League Table Update
Vanguard (34.21% share) and iShares (27.50% share) continue to dominate the issuer landscape. This week, Vanguard also led in asset gathering, pulling in $7,941M in net inflows. Among the top issuers, SPDR saw the largest outflows at -$1,622M.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| Vanguard | 38 | $2,349.04B | 34.21% |
| iShares | 80 | $1,888.64B | 27.50% |
| SPDR | 30 | $1,000.37B | 14.57% |
| Invesco | 69 | $657.70B | 9.58% |
| Schwab | 12 | $301.71B | 4.39% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| Vanguard | $7,941M |
| Invesco | $3,809M |
| iShares | $2,542M |
| Outflows | |
| SPDR | ($1,622M) |
| Pacer | ($310M) |
| Global X | ($146M) |
For a deeper dive into these trends, access our FREE, in-depth Thematic ETF reports in the right side panel of this page.
Disclosures
This material is for informational purposes only and should not be considered investment advice. All investments, including ETFs, involve risk, including the possible loss of principal. Investors should consider their investment objectives, risks, charges, and expenses carefully before investing.
This analysis was developed by the team at ETF Action. We leverage advanced AI tools to assist in the drafting and refinement of our content, based on our expert prompts, direction, and final review.
