$31B Inflows Amid Market Headwinds: U.S. Size & Style Recap

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Weekly Channel Summary

The U.S. Size & Style ETF channel continues to dominate the domestic equity landscape, ending the week with a staggering $7,185 billion in total Assets Under Management (AUM). The channel currently comprises 933 ETFs offered by 256 issuers, reflecting a highly competitive and diverse ecosystem. Over the past five days, the channel attracted a robust $31.34 billion in net inflows. This strong weekly activity brings the Year-to-Date (YTD) flow total to $9.17 billion, while the trailing one-year flow figure stands at an impressive $572.87 billion.

This Week’s Performance Leaders and Laggards

Equity markets faced headwinds this week, with all major size and style categories finishing in negative territory. The U.S. Large Cap – Value category proved most resilient, posting a Week-to-Date (WTD) return of -0.30%, while U.S. Small Cap – Growth was the primary laggard with a -1.65% decline. Despite the weekly dip, most categories remain in positive territory for the year, led by U.S. Mid Cap – Growth at +1.41% YTD.

Category Performance Snapshot

Category WTD 1 Month 3 Month 6 Month YTD 1 Year
U.S. Large Cap – Value -0.30% 2.03% 3.16% 7.76% 0.76% 14.47%
U.S. Mid Cap – Value -0.47% 2.32% 2.12% 6.28% 1.11% 10.05%
U.S. Mid Cap – Blend -0.76% 1.93% 1.78% 6.64% 1.10% 9.73%
U.S. Mid Cap – Growth -0.81% 1.42% -1.46% 5.33% 1.41% 9.81%
U.S. Large Cap – Blend -0.89% 0.93% 1.89% 8.58% 0.39% 14.84%
U.S. Small Cap – Value -0.91% 1.76% 2.38% 8.02% 0.73% 7.65%
U.S. Small Cap – Blend -1.30% 1.46% 1.53% 7.96% 0.74% 9.22%
U.S. Large Cap – Growth -1.35% 0.14% 0.39% 9.70% 0.24% 16.82%
U.S. Small Cap – Growth -1.65% 1.70% 1.45% 9.53% 0.97% 9.94%

Top & Bottom ETFs by Weekly Performance

In the Large Cap space, the MEME (Roundhill Meme Stock ETF) surged +5.97%, while ABOT (Abacus FCF Innovation Leaders ETF) fell -3.52%. Among Mid Caps, CBSE (Clough Select Equity ETF) led with a +1.69% gain, contrasted by TMFM (Motley Fool Mid-Cap Growth ETF), which slumped -3.18%. Small Caps saw XSHD (Invesco S&P SmallCap High Dividend Low Volatility ETF) edge higher by +0.14%, whereas SCOW (Pacer S&P SmallCap 600 Quality FCF Aristocrats ETF) was the major laggard, dropping -3.91%.

Large Cap Performance

Ticker Fund Name WTD Performance
Top Performers
MEME Roundhill Meme Stock ETF 5.97%
FCUS Pinnacle Focused Opportunities ETF 2.35%
DARP Grizzle Growth ETF 1.58%
AFOS ARS Focused Opportunity Strategy ETF 1.00%
FTIF First Trust Bloomberg Inflation Sensitive Equity ETF 0.90%
Bottom Performers
ABOT Abacus FCF Innovation Leaders ETF -3.52%
TSEL Touchstone Sands Capital US Select Growth ETF -3.34%
DVQQ WEBS QQQ Defined Volatility ETF -2.97%
FFTY Innovator IBD 50 ETF -2.95%
RONB Baron First Principles ETF -2.86%

Mid Cap Performance

Ticker Fund Name WTD Performance
Top Performers
CBSE Clough Select Equity ETF 1.69%
IPO Renaissance IPO ETF 1.11%
CSD Invesco S&P Spin-Off ETF 0.38%
FRTY Alger Mid Cap 40 ETF 0.32%
GRNJ Fundstrat Granny Shots US Small- & Mid-Cap ETF 0.20%
Bottom Performers
TMFM Motley Fool Mid-Cap Growth ETF -3.18%
ASCE Allspring SMID Core ETF -2.61%
NUMG Nuveen ESG Mid-Cap Growth ETF -2.19%
FSCS First Trust SMID Capital Strength ETF -1.76%
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF -1.75%

Small Cap Performance

Ticker Fund Name WTD Performance
Top Performers
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF 0.14%
EPSV Harbor SMID Cap Value ETF -0.08%
EPSB Harbor SMID Cap Core ETF -0.26%
CSB VictoryShares US Small Cap High Dividend Volatility Wtd ETF -0.37%
USVM VictoryShares US Small Mid Cap Value Momentum ETF -0.42%
Bottom Performers
SCOW Pacer S&P SmallCap 600 Quality FCF Aristocrats ETF -3.91%
TMES Motley Fool Small-Cap Growth ETF -3.60%
ABLS Abacus FCF Small Cap Leaders ETF -3.11%
AFSC abrdn Focused U.S. Small Cap Active ETF -3.03%
DWAS Invesco Dorsey Wright SmallCap Momentum ETF -2.66%

Analyzing the Weekly Flows

The channel experienced widespread investor interest this week, pulling in a total net flow of $31.34 billion. The U.S. Large Cap – Blend category was the clear leader, absorbing $21,771 million in new capital and maintaining its position as the largest category with $4,041.5 billion in AUM. U.S. Large Cap – Growth also saw significant demand with $5,886 million in inflows. Conversely, the U.S. Small Cap – Blend category registered the only net outflow for the week, losing $338 million.

Category Flows Summary

Category Fund Count AUM 5 Day 30 Day 90 Day YTD 1 Year
U.S. Large Cap – Blend 343 $4,041.5B $21,771M $74,788M $159,865M $7,771M $351,071M
U.S. Large Cap – Growth 156 $1,260.7B $5,886M $16,825M $43,557M $467M $121,083M
U.S. Large Cap – Value 195 $905.2B $1,982M $14,465M $31,376M $173M $71,950M
U.S. Mid Cap – Blend 68 $367.0B $1,377M $6,590M $9,876M $664M $27,162M
U.S. Small Cap – Value 35 $98.2B $182M $1,267M $1,160M $69M -$1,953M
U.S. Mid Cap – Value 23 $77.1B $178M $1,438M $1,641M $85M $2,809M
U.S. Mid Cap – Growth 23 $59.1B $178M $1,144M $1,406M $22M $3,037M
U.S. Small Cap – Growth 18 $50.6B $119M $386M $597M -$33M -$1,463M
U.S. Small Cap – Blend 64 $325.2B -$338M $4,829M $7,972M -$54M -$855M

Top & Bottom ETFs by 5-Day Flow

Leading the inflow charge in the Large Cap market was VOO (Vanguard S&P 500 ETF), which gathered $8,651 million, while USCL (iShares Climate Conscious & Transition MSCI USA ETF) saw the largest outflow of $359 million. In Mid Caps, VO (Vanguard Mid-Cap ETF) topped the list with $557 million in new money, while BBMC (JPMorgan BetaBuilders U.S. Mid Cap Equity ETF) bled $152 million. For Small Caps, VB (Vanguard Small-Cap ETF) brought in $89 million, whereas IWM (iShares Russell 2000 ETF) experienced the channel’s most significant redemption at $585 million.

Large Cap Flows

Ticker Fund Name 5-Day Flow
Inflows
VOO Vanguard S&P 500 ETF $8,651M
SPY SPDR S&P 500 ETF Trust $7,753M
QQQ Invesco QQQ Trust Series I $4,033M
IVV iShares Core S&P 500 ETF $1,928M
VTI Vanguard Total Stock Market ETF $983M
Outflows
USCL iShares Climate Conscious & Transition MSCI USA ETF -$359M
USCA Xtrackers MSCI USA Climate Action Equity ETF -$358M
IUSV iShares Core S&P US Value ETF -$302M
IWV iShares Russell 3000 ETF -$135M
VONV Vanguard Russell 1000 Value ETF -$84M

Mid Cap Flows

Ticker Fund Name 5-Day Flow
Inflows
VO Vanguard Mid-Cap ETF $557M
IJH iShares Core S&P Mid-Cap ETF $456M
IWP iShares Russell Mid-Cap Growth ETF $153M
MDY SPDR S&P Midcap 400 ETF Trust $60M
IWR iShares Russell Midcap ETF $58M
Outflows
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF -$152M
RSMC Rockefeller U.S. Small-Mid Cap ETF -$7M
REGL ProShares S&P MidCap 400 Dividend Aristocrats ETF -$4M
XMLV Invesco S&P MidCap Low Volatility ETF -$4M
PAMC Pacer Lunt MidCap Multi-Factor Alternator ETF -$2M

Small Cap Flows

Ticker Fund Name 5-Day Flow
Inflows
VB Vanguard Small-Cap ETF $89M
IWO iShares Russell 2000 Growth ETF $65M
VBR Vanguard Small Cap Value ETF $63M
AVUV Avantis U.S. Small Cap Value ETF $62M
SPSM State Street SPDR Portfolio S&P 600 Small Cap ETF $45M
Outflows
IWM iShares Russell 2000 ETF -$585M
IJR iShares Core S&P Small Cap ETF -$67M
CALF Pacer US Small Cap Cash Cows ETF -$16M
SLYV State Street SPDR S&P 600 Small Cap Value ETF -$9M
IJS iShares S&P Small-Cap 600 Value ETF -$6M

Issuer League Table Update

The issuer leaderboard remains top-heavy, with Vanguard and iShares holding the largest market shares at 34.10% and 27.63%, respectively. Vanguard led all issuers this week in gathering new assets, attracting $11,829 million in weekly inflows. Among top issuers, Xtrackers saw the largest absolute redemption of $312 million.

Top 5 Issuers by AUM

Brand Fund Count AUM AUM Market Share
Vanguard 41 $2,450.24B 34.10%
iShares 81 $1,984.96B 27.63%
SPDR 30 $1,044.11B 14.53%
Invesco 69 $682.00B 9.49%
Schwab 12 $309.02B 4.30%

Top & Bottom 3 Issuers by 5-Day Flow

Brand 5-Day Flow
Inflows
Vanguard $11,829M
SPDR $9,235M
Invesco $4,752M
Outflows
Xtrackers -$312M
Goldman Sachs -$61M
JPMorgan -$46M

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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.