Daily ETF Flows: U.S. Large Cap Blend Dominates While Ultrashort Bonds Retreat

Issuer League Tables

The daily flow data across all U.S. listed ETFs highlights significant concentration among top issuers, with SPDR leading absolute daily inflows at $3,974M. Conversely, Schwab experienced the largest daily absolute outflows, shedding $1,346M, which contrasts with its positive $4,818M one-month flow trend. On a relative basis, TrueShares expanded its asset base by 9.98% in a single session, while Aztlan saw a relative contraction of 12.58%. Long-term trends remain robust for market leaders like iShares and Vanguard, accumulating $438.67B and $474.32B over the trailing one-year period, respectively.

Issuer Flows (Absolute)

Issuer Flows (Relative to AUM)

Daily ETF Flow Analysis

Broad asset class flows reflect strong momentum in equities, which captured $5,339M in daily inflows and pushed the year-to-date total to $403.60B. The U.S. Large Cap Blend category led the daily leaderboard by a wide margin, amassing $7,309M, followed by Taxable Short-Term Fixed Income at $735M. In contrast, Information Technology equities faced the steepest daily decline, shedding $2,031M, while Government Ultrashort Fixed Income saw outflows of $1,469M. Overall net flows across all asset classes amounted to $6,210M for the day, bolstering the $641.33B year-to-date aggregate.

Asset Class Flows

Top and Bottom 10 Category Flows

U.S. Size & Style

The U.S. Large Cap Blend category dominated daily flows, capturing $7,309M and pushing its one-year total to $362.81B. At the fund level, SPY and IVV led individual inflows, adding $3,198M and $2,346M, respectively. Meanwhile, the U.S. Large Cap Growth segment saw aggregate outflows of $1,043M for the day, despite maintaining a positive $113.81B one-year flow profile. SCHG represented the largest single-fund outflow in this space, shedding $1,065M.

Size & Style ex-U.S.

International equity flows were led by the Global Ex-U.S. Large Cap Blend category, which gathered $307M in daily net assets. VT captured the majority of this activity, leading individual funds with a $302M daily inflow. On the negative side, URTH experienced significant daily outflows totaling $1,179M, outpacing all other funds in the group. Overall, the broader ex-U.S. category maintains a robust $254.11B inflow trend over the trailing one-year period.

Sector & Industry

Financials led all sector categories with $505M in daily inflows, recovering slightly from its $6,582M three-month outflow trend. XLF stood out as the primary beneficiary, accumulating $579M during the session. Information Technology faced the heaviest selling pressure, with the category shedding $2,031M, driven largely by a $2,313M outflow from VGT. Over the past year, Information Technology still maintains a strong $23.54B net inflow profile despite recent daily contractions.

Region & Country

Country-specific funds displayed mixed daily flows, with North America recording an $88M gain while the broader Asia-Pacific region shed $372M. EWC led single-country inflows by adding $88M, lifting its total assets to $5.32B. Outflows were concentrated in Asian markets, with EWJ and EWY losing $255M and $150M, respectively. The overarching Region & Country category retains a long-term positive trajectory, amassing $28.49B in net new assets over the trailing twelve months.

Thematic

Infrastructure-focused funds led the thematic segment with $249M in daily inflows, contributing to a $19.37B one-year total. IYZ and DRAM were the top individual gatherers, securing $124M and $75M in daily net assets. Conversely, Natural Resources saw the largest categorical reduction at $552M, closely followed by Precious Metals with $323M in daily outflows. COPX recorded the steepest individual decline, contracting by $467M in a single session.

Fixed Income

Fixed income flows were diverse, led by the Corporate bond category which gathered $1,476M on the day. LQD captured the top spot among individual funds, adding $544M to its $31.47B asset base. The Government bond category experienced a sharp daily outflow of $2,176M, heavily influenced by Government Ultrashort funds shedding $1,469M. SGOV and BIL recorded the most significant individual losses, dropping $664M and $642M, respectively.

Commodity

Commodity ETF flows were primarily negative, with the broader asset class shedding $48M for the day and extending its one-month outflow to $1,875M. Precious Metals recorded aggregate daily outflows of $1,088M across the broader group, though IAU managed to capture a leading $200M inflow. The Energy commodity category contracted by $259M, driven by a $250M outflow from USO. Despite recent near-term reductions, the overall Commodity space has accumulated $38.54B in net flows over the trailing one-year period.

Cryptocurrency

Digital Asset flows contracted by $30M daily, reflecting a reversal from the $2,404M inflows observed over the trailing month. ETHB led individual product inflows with $29M, alongside FBTC adding $27M. Ethereum-focused funds experienced the largest category outflows at $24M, largely due to a $51M reduction in ETHA. Overall, Bitcoin-based products remain a dominant long-term driver, accounting for $20.15B of the asset class’s trailing one-year inflows.

Non-Traditional

The Non-Traditional asset class registered a $489M daily outflow, despite holding a strong $24.79B year-to-date inflow profile. Synthetic Income funds provided a bright spot, generating $400M in daily inflows and $73.29B over the last year. Leverage and Inverse products drove the daily declines, shedding $923M, with TQQQ alone losing $601M. Meanwhile, SNXX emerged as the daily leader, adding $170M to its asset base.

Recent Launches

The ETF industry continues to expand its product offerings, with 271 new launches recorded over the past three months. Recent introductions feature a strong emphasis on defined outcome and leveraged single-stock strategies. Fidelity expanded its active lineup with a suite of enhanced market cap and style ETFs on April 28, 2026. This ongoing product development pushes the total number of U.S. listed ETFs to 5,143 across 500 distinct brands.