Investors Dump Large Cap Growth, Pivot to Value in Volatile Week

Share

Weekly Channel Summary

The U.S. Size & Style ETF Channel oversees a massive $7.43 Trillion in total AUM across 947 funds and 266 active issuers. The channel attracted solid demand with $3.57B in net inflows over the past week, bolstering a strong year-to-date total of $56.77B and an impressive $548.08B over the trailing 1-year period.

This Week’s Performance Leaders and Laggards

Equities faced broad headwinds over the trailing week, with all nine U.S. Size & Style categories finishing in negative territory. Large Cap Blend proved the most resilient, slipping just -0.04%, while Small Cap Value lagged significantly at -1.90%. Despite the weekly pullback, year-to-date returns remain robust across value segments, led by Small Cap Value (8.43%) and Mid Cap Value (8.17%).

Category Performance Snapshot

Category WTD 1 Month 3 Month 6 Month YTD 1 Year
U.S. Large Cap – Blend -0.04% 0.67% 2.99% 7.71% 2.79% 15.23%
U.S. Large Cap – Value -0.06% 2.92% 7.70% 8.33% 7.10% 16.86%
U.S. Mid Cap – Growth -0.23% 1.79% 2.93% 9.05% 3.94% 13.95%
U.S. Small Cap – Growth -0.40% 1.80% 5.18% 9.09% 5.95% 19.45%
U.S. Large Cap – Growth -0.41% -1.81% -1.62% 4.44% -1.38% 15.28%
U.S. Mid Cap – Blend -0.54% 3.04% 7.16% 11.28% 7.00% 16.54%
U.S. Small Cap – Blend -1.14% 1.67% 6.31% 9.14% 6.39% 17.27%
U.S. Mid Cap – Value -1.24% 3.44% 8.54% 3.51% 8.17% 16.17%
U.S. Small Cap – Value -1.90% 2.12% 9.12% 10.52% 8.43% 18.81%

Top & Bottom ETFs by Weekly Performance

At the fund level, the Innovator IBD 50 ETF (FFTY) was the standout performer in Large Cap, gaining 4.30%, while the Miller Value Partners Appreciation ETF (MVPA) fell -4.42%. In Mid Cap, the Invesco S&P Spin-Off ETF (CSD) led the pack, and Small Cap leadership was captured by the iShares MSCI USA Small-Cap Min Vol Factor ETF (SMMV).

Top 5 Large Cap ETFs
Ticker Fund Name WTD Performance
FFTY Innovator IBD 50 ETF 4.30%
LOPE PEO AlphaQuest Thematic PE ETF 3.49%
QQLV Invesco QQQ Low Volatility ETF 2.69%
TSIC Truth Social American Icons ETF 2.61%
GQGU GQG US Equity ETF 2.50%
Bottom 5 Large Cap ETFs
MVPA Miller Value Partners Appreciation ETF -4.42%
QBIG Invesco Top QQQ ETF -2.45%
ICAP Infrastructure Capital Equity Income ETF -2.30%
RKNG Defiance Retail Kings ETF -2.11%
CNEQ Alger Concentrated Equity ETF -2.05%
Top 5 Mid Cap ETFs
Ticker Fund Name WTD Performance
CSD Invesco S&P Spin-Off ETF 2.15%
BCSM Baron SMID Cap ETF 1.73%
TMFM Motley Fool Mid-Cap Growth ETF 1.19%
VOT Vanguard Mid-Cap Growth ETF 0.93%
NUMV Nuveen ESG Mid-Cap Value ETF 0.93%
Bottom 5 Mid Cap ETFs
RFV Invesco S&P Midcap 400 Pure Value ETF -2.82%
XMVM Invesco S&P MidCap Value with Momentum ETF -2.72%
ASCE Allspring SMID Core ETF -2.57%
GRNJ Fundstrat Granny Shots US Small- & Mid-Cap ETF -2.36%
DFAT Dimensional U.S. Targeted Value ETF -2.22%
Top 5 Small Cap ETFs
Ticker Fund Name WTD Performance
SMMV iShares MSCI USA Small-Cap Min Vol Factor ETF 1.31%
IWC iShares Micro-Cap ETF 0.65%
FSGS First Trust SMID Growth Strength ETF 0.63%
DWAS Invesco Dorsey Wright SmallCap Momentum ETF 0.53%
CAFG Pacer US Small Cap Cash Cows Growth Leaders ETF 0.47%
Bottom 5 Small Cap ETFs
TCV Towle Value ETF -3.12%
RZV Invesco S&P Smallcap 600 Pure Value ETF -3.06%
MYLD Cambria Micro and SmallCap Shareholder Yield ETF -2.73%
DEEP Acquirers Small and Micro Deep Value ETF -2.62%
ALIL Argent Focused Small Cap ETF -2.56%

Analyzing the Weekly Flows

The channel’s $3.57B in weekly net inflows was heavily concentrated in core equity exposures. Large Cap Blend dominated with $4,755M in new assets (totaling an enormous $4,138.6B in AUM), followed closely by Large Cap Value taking in $2,701M. Conversely, investors aggressively rotated out of Large Cap Growth, which hemorrhaged -$4,257M over the 5-day period.

Category Flows Summary

Category Fund Count AUM 5 Day 30 Day 90 Day YTD 1 Year
U.S. Large Cap – Blend 353 $4,138.6B $4,755M $24,397M $107,578M $36,230M $337,217M
U.S. Large Cap – Value 194 $986.4B $2,701M $15,113M $28,087M $12,823M $81,795M
U.S. Small Cap – Growth 19 $53.2B $310M $233M -$393M -$881M -$1,604M
U.S. Mid Cap – Value 23 $84.5B $87M $399M $2,000M $490M $2,025M
U.S. Small Cap – Value 36 $109.1B $83M $947M $2,306M $1,092M -$1,078M
U.S. Mid Cap – Blend 68 $397.9B $32M $3,774M $10,591M $4,578M $26,911M
U.S. Mid Cap – Growth 23 $60.7B $31M -$143M $1,154M -$143M $2,226M
U.S. Small Cap – Blend 65 $352.1B -$171M $2,088M $4,275M -$102M -$395M
U.S. Large Cap – Growth 161 $1,244.4B -$4,257M $1,914M $16,560M $2,604M $100,906M

Top & Bottom ETFs by 5-Day Flow

The Vanguard S&P 500 ETF (VOO) was the overwhelming volume leader, pulling in $4,124M over the last 5 days. On the flip side, the Invesco QQQ Trust (QQQ) suffered the steepest outflows at -$4,574M. Smaller magnitude, but highly notable rotations occurred within Mid and Small caps, led by funds like VO and SLYG on the positive side, and IJH and IWM shedding assets on the negative side.

Top 5 Large Cap Flow Leaders
Ticker Fund Name 5-Day Flow
VOO Vanguard S&P 500 ETF $4,124M
VONV Vanguard Russell 1000 Value ETF $1,346M
VONG Vanguard Russell 1000 Growth ETF $1,091M
DIA State Street SPDR Dow Jones Industrial Average ETF $928M
RSP Invesco S&P 500 Equal Weight ETF $735M
Bottom 5 Large Cap Flow Laggards
QQQ Invesco QQQ Trust Series 1 -$4,574M
SPY State Street SPDR S&P 500 ETF -$2,314M
FDVV Fidelity High Dividend ETF -$1,905M
PLDR Putnam Sustainable Leaders ETF -$813M
IVV iShares Core S&P 500 ETF -$479M
Top 5 Mid Cap Flow Leaders
Ticker Fund Name 5-Day Flow
VO Vanguard Mid-Cap ETF $241M
SCHM Schwab U.S. Mid-Cap ETF $200M
VXF Vanguard Extended Market ETF $131M
IWR iShares Russell Midcap ETF $129M
FMDE Fidelity Enhanced Mid Cap ETF $53M
Bottom 5 Mid Cap Flow Laggards
IJH iShares Core S&P Mid-Cap ETF -$390M
FSMD Fidelity Small-Mid Multifactor ETF -$342M
MDY State Street SPDR S&P MIDCAP 400 ETF Trust -$65M
VOT Vanguard Mid-Cap Growth ETF -$47M
XMHQ Invesco S&P MidCap Quality ETF -$35M
Top 5 Small Cap Flow Leaders
Ticker Fund Name 5-Day Flow
SLYG State Street SPDR S&P 600 Small Cap Growth ETF $347M
AVUV Avantis U.S. Small Cap Value ETF $171M
SCHA Schwab U.S. Small-Cap ETF $164M
SMLF iShares U.S. SmallCap Equity Factor ETF $108M
VTWO Vanguard Russell 2000 ETF $107M
Bottom 5 Small Cap Flow Laggards
IWM iShares Russell 2000 ETF -$815M
IWO iShares Russell 2000 Growth ETF -$100M
VBR Vanguard Small Cap Value ETF -$49M
SLYV State Street SPDR S&P 600 Small Cap Value ETF -$49M
CALF Pacer US Small Cap Cash Cows ETF -$46M

Issuer League Table Update

Vanguard continues to command the top spot in the league tables, controlling 34.43% of the channel’s AUM, closely followed by iShares at 27.20%. Vanguard also captured the lion’s share of weekly momentum, bringing in $8,072M in net flows. Meanwhile, Invesco experienced the heaviest weekly redemptions, shedding -$4,189M.

Top 5 Issuers by AUM

Brand Fund Count AUM AUM Market Share
Vanguard 41 $2,557.01B 34.43%
iShares 80 $2,020.31B 27.20%
SPDR 30 $1,055.01B 14.20%
Invesco 66 $700.42B 9.43%
Schwab 12 $330.65B 4.45%

Top & Bottom 3 Issuers by 5-Day Flow

Top 3 Issuers by 5-Day Flow
Brand 5-Day Flow
Vanguard $8,072M
Schwab $1,260M
Dimensional $1,060M
Bottom 3 Issuers by 5-Day Flow
Invesco -$4,189M
Fidelity -$2,980M
Putnam -$989M

For a deeper dive into these trends, access our FREE, in-depth 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.