Weekly Channel Summary
The U.S. Size & Style ETF channel, comprising 888 ETFs from 242 issuers, currently holds a total of $6.818 trillion in Assets Under Management (AUM). The channel experienced a net inflow of $2.21 billion over the past week. Year-to-date flows remain strong, attracting $328.06 billion, while the cumulative flow over the past year has reached an impressive $574.22 billion, signaling sustained investor confidence in this segment.
This Week’s Performance Leaders and Laggards
This week, performance was led by the U.S. Large Cap Growth category, which posted a Week-to-Date (WTD) return of 1.29% and continues its strong run with a 16.22% Year-to-Date (YTD) gain. On the other end of the spectrum, the U.S. Small Cap Value category was the primary laggard with a modest WTD return of 0.65%, though it remains positive YTD at 5.61%.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| U.S. Large Cap – Growth | 1.29% | 5.28% | 7.71% | 31.44% | 16.22% | 22.88% |
| U.S. Large Cap – Blend | 1.00% | 3.55% | 5.77% | 20.78% | 12.63% | 15.00% |
| U.S. Small Cap – Growth | 0.95% | 3.45% | 7.13% | 25.24% | 8.80% | 11.77% |
| U.S. Large Cap – Value | 0.90% | 2.47% | 4.40% | 14.39% | 11.26% | 10.18% |
| U.S. Mid Cap – Growth | 0.90% | 2.95% | 5.15% | 24.97% | 10.67% | 15.16% |
| U.S. Mid Cap – Blend | 0.83% | 2.03% | 4.27% | 19.40% | 7.94% | 9.51% |
| U.S. Mid Cap – Value | 0.72% | 1.31% | 4.17% | 17.84% | 7.64% | 9.00% |
| U.S. Small Cap – Blend | 0.66% | 2.29% | 5.90% | 21.94% | 7.67% | 10.11% |
| U.S. Small Cap – Value | 0.65% | 1.85% | 5.62% | 22.14% | 5.61% | 8.24% |
Top & Bottom ETFs by Weekly Performance
Among individual ETFs, the VanEck Morningstar Wide Moat Value ETF (MVAL) was the standout performer in the large-cap space with a 6.70% weekly gain. The Alger Mid Cap 40 ETF (FRTY) led the mid-cap segment with a 4.64% return, while the Research Affiliates Deletions ETF (NIXT) was the top small-cap performer, up 3.33%. On the downside, the ProShares Equities for Rising Rates ETF (EQRR) was the worst large-cap performer, down 1.17%, the Janus Henderson Small/Mid Cap Growth Alpha ETF (JSMD) lagged in the mid-cap space with a 1.86% loss, and the Janus Henderson Small Cap Growth Alpha ETF (JSML) was the bottom small-cap performer, declining 1.47%.
Large Cap Performance
| Top Performers | ||
| MVAL | VanEck Morningstar Wide Moat Value ETF | 6.70% |
| FCUS | Pinnacle Focused Opportunities ETF | 5.88% |
| AFOS | ARS Focused Opportunity Strategy ETF | 5.15% |
| BUZZ | VanEck Social Sentiment ETF | 4.89% |
| DARP | Grizzle Growth ETF | 4.27% |
| Bottom Performers | ||
| EQRR | ProShares Equities for Rising Rates ETF | -1.17% |
| TEXN | iShares Texas Equity ETF | -1.13% |
| ICAP | Infrastructure Capital Equity Income ETF | -1.12% |
| OAKM | Oakmark U.S. Large Cap ETF | -0.92% |
| FCTE | SMI 3Fourteen Full-Cycle Trend ETF | -0.80% |
Mid Cap Performance
| Top Performers | ||
| FRTY | Alger Mid Cap 40 ETF | 4.64% |
| CSD | Invesco S&P Spin-Off ETF | 4.41% |
| CCFE | Concourse Capital Focused Equity ETF | 2.67% |
| QQJG | Invesco ESG NASDAQ Next Gen 100 ETF | 2.62% |
| QQQJ | Invesco NASDAQ Next Gen 100 ETF | 2.52% |
| Bottom Performers | ||
| JSMD | Janus Henderson Small/Mid Cap Growth Alpha ETF | -1.86% |
| MCOW | Pacer S&P MidCap 400 Quality FCF Aristocrats ETF | -0.77% |
| SDVY | First Trust SMID Cap Rising Dividend Achievers ETF | -0.39% |
| GRPM | Invesco S&P MidCap 400 GARP ETF | -0.37% |
| JMID | Janus Henderson Mid Cap Growth Alpha ETF | -0.37% |
Small Cap Performance
| Top Performers | ||
| NIXT | Research Affiliates Deletions ETF | 3.33% |
| DWAS | Invesco Dorsey Wright SmallCap Momentum ETF | 2.49% |
| RWJ | Invesco S&P Small Cap 600 Revenue ETF | 2.36% |
| MMSC | First Trust Multi-Manager Small Cap Opportunities ETF | 2.35% |
| VTWG | Vanguard Russell 2000 Growth ETF | 2.01% |
| Bottom Performers | ||
| JSML | Janus Henderson Small Cap Growth Alpha ETF | -1.47% |
| FDM | First Trust Dow Jones Select MicroCap Index Fund | -1.23% |
| XSHQ | Invesco S&P SmallCap Quality ETF | -0.94% |
| DEEP | Acquirers Small and Micro Deep Value ETF | -0.86% |
| SMLL | Harbor Active Small Cap ETF | -0.70% |
Analyzing the Weekly Flows
The U.S. Size & Style channel saw net inflows of $2.24 billion this week. The U.S. Large Cap Blend category was the primary recipient, gathering over $3.58 billion. This category, with a total AUM of $3.81 trillion, continues to dominate the space. Another area of significant interest was U.S. Large Cap Value, which attracted $2.61 billion. In contrast, the U.S. Large Cap Growth category experienced the largest outflows, shedding approximately $2.60 billion.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| U.S. Large Cap – Blend | 331 | $3,812.6B | $3,580M | $22,551M | $75,032M | $196,998M | $341,166M |
| U.S. Large Cap – Value | 186 | $855.6B | $2,605M | $8,290M | $14,398M | $43,414M | $70,386M |
| U.S. Mid Cap – Blend | 66 | $357.9B | $692M | $2,028M | $5,184M | $17,995M | $31,749M |
| U.S. Small Cap – Value | 33 | $95.7B | $186M | $554M | $497M | ($3,215M) | ($786M) |
| U.S. Mid Cap – Growth | 23 | $59.9B | $172M | $1,148M | $1,859M | $1,712M | $3,868M |
| U.S. Small Cap – Growth | 17 | $50.1B | $92M | $167M | ($85M) | ($1,977M) | $26M |
| U.S. Mid Cap – Value | 21 | $74.7B | $58M | $84M | $872M | $1,238M | $3,923M |
| U.S. Small Cap – Blend | 59 | $315.0B | ($2,548M) | $2,391M | ($2,420M) | ($8,893M) | $3,244M |
| U.S. Large Cap – Growth | 147 | $1,196.2B | ($2,599M) | $7,689M | $22,699M | $80,780M | $120,638M |
Top & Bottom ETFs by 5-Day Flow
In the large-cap space, the SPDR Portfolio S&P 500 ETF (SPLG) led inflows, gathering $1.82 billion, while the Invesco QQQ Trust Series I (QQQ) saw the largest outflows of $2.01 billion. For mid-caps, the iShares Core S&P Mid-Cap ETF (IJH) attracted the most capital with $186 million in inflows, whereas the Dimensional U.S. Targeted Value ETF (DFAT) had the largest outflows at $62 million. Among small-caps, the Avantis U.S. Small Cap Value ETF (AVUV) was the clear winner with $154 million in inflows, while the iShares Russell 2000 ETF (IWM) experienced significant outflows of $2.66 billion.
Large Cap Flows
| Inflows | ||
| SPLG | SPDR Portfolio S&P 500 ETF | $1,819M |
| VTI | Vanguard Total Stock Market ETF | $1,032M |
| SPY | SPDR S&P 500 ETF Trust | $986M |
| DYNF | iShares U.S. Equity Factor Rotation Active ETF | $938M |
| PBUS | Invesco MSCI USA ETF | $772M |
| Outflows | ||
| QQQ | Invesco QQQ Trust Series I | ($2,011M) |
| VOO | Vanguard S&P 500 ETF | ($1,018M) |
| VUG | Vanguard Growth ETF | ($704M) |
| RSP | Invesco S&P 500 Equal Weight ETF | ($612M) |
| IWB | iShares Russell 1000 ETF | ($585M) |
Mid Cap Flows
| Inflows | ||
| IJH | iShares Core S&P Mid-Cap ETF | $186M |
| SPMD | SPDR Portfolio S&P 400 Mid Cap ETF | $114M |
| IWR | iShares Russell Midcap ETF | $87M |
| IWP | iShares Russell Mid-Cap Growth ETF | $86M |
| SDVY | First Trust SMID Cap Rising Dividend Achievers ETF | $63M |
| Outflows | ||
| DFAT | Dimensional U.S. Targeted Value ETF | ($62M) |
| MDY | SPDR S&P Midcap 400 ETF Trust | ($45M) |
| TMSL | T. Rowe Price Small-Mid Cap ETF | ($12M) |
| EZM | WisdomTree U.S. MidCap Fund | ($10M) |
| XMLV | Invesco S&P MidCap Low Volatility ETF | ($9M) |
Small Cap Flows
| Inflows | ||
| AVUV | Avantis U.S. Small Cap Value ETF | $154M |
| IJR | iShares Core S&P Small Cap ETF | $113M |
| IWO | iShares Russell 2000 Growth ETF | $64M |
| VTWO | Vanguard Russell 2000 ETF | $56M |
| VBR | Vanguard Small Cap Value ETF | $50M |
| Outflows | ||
| IWM | iShares Russell 2000 ETF | ($2,664M) |
| VB | Vanguard Small-Cap ETF | ($125M) |
| IWN | iShares Russell 2000 Value ETF | ($71M) |
| SPSM | SPDR Portfolio S&P 600 Small Cap ETF | ($63M) |
| CALF | Pacer US Small Cap Cash Cows ETF | ($55M) |
Issuer League Table Update
The issuer landscape continues to be led by Vanguard, with a dominant 34.04% market share, and iShares, holding 27.69%. This week, SPDR was the top asset gatherer, pulling in $3.60 billion in net inflows. Among the leading issuers, iShares experienced the largest outflows, with a net redemption of $2.17 billion.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| Vanguard | 38 | $2,320.85B | 34.04% |
| iShares | 80 | $1,888.07B | 27.69% |
| SPDR | 30 | $991.25B | 14.54% |
| Invesco | 69 | $651.16B | 9.55% |
| Schwab | 12 | $302.12B | 4.43% |
Top & Bottom 3 Issuers by 5-Day Flow
| Inflows | |
| SPDR | $3,598M |
| Capital Group | $482M |
| Schwab | $480M |
| Outflows | |
| iShares | -$2,168M |
| Invesco | -$1,678M |
| Pacer | -$321M |
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.
