ETF Action Weekly: $15.7B in New Flows, Vanguard’s Dominance, and a 19% Pop for MEME

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Weekly Channel Summary

The U.S. Size & Style ETF Channel currently encompasses 960 ETFs across 272 brands, representing a massive $7,601B in total Assets Under Management. Over the past 5 days, the channel experienced strong capital attraction with net flows of $15.72B. Year-to-date flows continue to reflect robust investor demand at $135.25B, contributing to a substantial 1-year total flow figure of $549.99B.

This Week’s Performance Leaders and Laggards

U.S. Large Cap – Growth led all composites with a 5.90% WTD return, rebounding strongly in the short term, while U.S. Large Cap – Value lagged behind at 2.39% WTD. From a year-to-date perspective, however, U.S. Small Cap – Value remains the standout performer, maintaining a 12.68% YTD gain alongside an impressive 1-year return of 42.19%.

Category Performance Snapshot

Category WTD 1 Month 3 Month 6 Month YTD 1 Year
U.S. Large Cap – Growth 5.90% 7.36% 2.26% 4.96% 3.83% 39.09%
U.S. Small Cap – Growth 5.73% 10.29% 4.76% 13.09% 11.72% 41.99%
U.S. Mid Cap – Growth 5.45% 7.16% 0.90% 5.71% 6.69% 31.48%
U.S. Small Cap – Blend 4.24% 8.75% 4.21% 13.17% 10.57% 37.72%
U.S. Large Cap – Blend 3.87% 5.13% 2.40% 7.49% 4.83% 31.28%
U.S. Mid Cap – Blend 3.65% 7.16% 3.56% 11.93% 9.27% 33.24%
U.S. Small Cap – Value 3.45% 8.63% 5.80% 17.00% 12.68% 42.19%
U.S. Mid Cap – Value 2.64% 6.26% 3.53% 12.32% 8.80% 31.79%
U.S. Large Cap – Value 2.39% 3.88% 3.66% 11.02% 7.19% 28.78%

Top & Bottom ETFs by Weekly Performance

Highlighting individual funds, MEME (Roundhill Meme Stock ETF) led Large Caps with a surging 19.31% gain, while QTAC lagged at -2.95%. In Mid Caps, IPO (Renaissance IPO ETF) returned 10.45% to lead the pack, contrasted by REGL gaining just 1.13%. Small Cap performance was led by SGRW (Harbor Active Small Cap Growth ETF) at 8.78%, with SMDV bringing up the rear at 1.10%.

Ticker Large Cap Fund Name WTD Performance
Top 5 Performers
MEME Roundhill Meme Stock ETF 19.31%
BUZZ VanEck Social Sentiment ETF 13.00%
RKNG Defiance Retail Kings ETF 12.60%
FDRS Founder-Led ETF 12.25%
FFF Founders 100 ETF 11.92%
Bottom 5 Performers
QTAC Q3 All-Season Tactical Advantage ETF -2.95%
FTIF First Trust Bloomberg Inflation Sensitive Equity ETF -1.57%
GQGU GQG US Equity ETF -1.25%
KEAT Keating Active ETF -0.76%
RSMV Relative Strength Managed Volatility Strategy ETF 1Shs -0.71%
Ticker Mid Cap Fund Name WTD Performance
Top 5 Performers
IPO Renaissance IPO ETF 10.45%
BCSM Baron SMID Cap ETF 7.74%
TMFM Motley Fool Mid-Cap Growth ETF 7.69%
QQQJ Invesco NASDAQ Next Gen 100 ETF 7.17%
NUMG Nuveen ESG Mid-Cap Growth ETF 6.98%
Bottom 5 Performers
REGL ProShares S&P MidCap 400 Dividend Aristocrats ETF 1.13%
ZIG Acquirers Fund 1.16%
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 1.41%
XMLV Invesco S&P MidCap Low Volatility ETF 1.60%
XMVM Invesco S&P MidCap Value with Momentum ETF 1.78%
Ticker Small Cap Fund Name WTD Performance
Top 5 Performers
SGRW Harbor Active Small Cap Growth ETF 8.78%
VTWG Vanguard Russell 2000 Growth ETF 7.45%
IWO iShares Russell 2000 Growth ETF 7.44%
FYC First Trust Small Cap Growth AlphaDEX Fund 7.05%
IWC iShares Micro-Cap ETF 6.89%
Bottom 5 Performers
SMDV ProShares Russell 2000 Dividend Growers ETF 1.10%
OSCV Opus Small Cap Value ETF 1.39%
CSB VictoryShares US Small Cap High Dividend Volatility Wtd ETF 1.43%
XSLV Invesco S&P SmallCap Low Volatility ETF 1.45%
SCDV Bahl & Gaynor Small Cap Dividend ETF 1.57%

Analyzing the Weekly Flows

The channel gathered a total net flow of $15.72B this week. U.S. Large Cap – Blend saw the most significant inflows, gathering $7,639M (Total AUM: $4,234.9B), followed closely by U.S. Large Cap – Growth with $6,865M. Conversely, U.S. Large Cap – Value experienced the largest outflow trend among the categories at -$609M.

Category Flows Summary

Category Fund Count AUM 5 Day Flow 30 Day Flow 90 Day Flow YTD Flow 1 Year Flow
U.S. Large Cap – Blend 360 $4,234.9B $7,639M $66,625M $51,434M $74,273M $326,517M
U.S. Large Cap – Growth 162 $1,304.7B $6,865M $11,670M $15,723M $17,676M $104,288M
U.S. Mid Cap – Blend 68 $405.4B $944M $5,434M $12,609M $12,864M $30,349M
U.S. Small Cap – Blend 67 $357.9B $495M $2,665M $2,776M $1,319M $3,311M
U.S. Small Cap – Value 36 $110.2B $435M $611M $2,170M $2,018M $2,117M
U.S. Mid Cap – Value 23 $83.3B $76M -$382M $291M $391M $2,091M
U.S. Mid Cap – Growth 23 $60.6B -$47M -$279M -$201M -$179M $2,277M
U.S. Small Cap – Growth 19 $54.5B -$103M -$39M -$71M -$854M -$921M
U.S. Large Cap – Value 197 $989.2B -$609M $8,458M $30,802M $27,722M $79,940M

Top & Bottom ETFs by 5-Day Flow

Looking at individual ETFs, QQQ dominated Large Cap inflows netting $4,642M, while IWD saw the largest outflows shedding -$1,387M. In Mid Caps, IJH took the lead with $287M in inflows against IWS outflows of -$107M. AVUV topped Small Caps with $351M in new assets.

Ticker Large Cap Fund Name 5-Day Flow
Top 5 Inflows
QQQ Invesco QQQ Trust Series I $4,642M
IVV iShares Core S&P 500 ETF $1,608M
VOO Vanguard S&P 500 ETF $1,258M
SPYM State Street SPDR Portfolio S&P 500 ETF $1,156M
VTI Vanguard Total Stock Market ETF $1,138M
Bottom 5 Outflows
IWD iShares Russell 1000 Value ETF -$1,387M
DIA State Street SPDR Dow Jones Industrial Average ETF -$1,124M
RSP Invesco S&P 500 Equal Weight ETF -$986M
IWF iShares Russell 1000 Growth ETF -$782M
SCHV Schwab U.S. Large-Cap Value ETF -$541M
Ticker Mid Cap Fund Name 5-Day Flow
Top 5 Inflows
IJH iShares Core S&P Mid-Cap ETF $287M
BKMC BNY Mellon US Mid Cap Core Equity ETF $194M
DFAT Dimensional U.S. Targeted Value ETF $182M
IWR iShares Russell Midcap ETF $119M
XMMO Invesco S&P MidCap Momentum ETF $97M
Bottom 5 Outflows
IWS iShares Russell Mid-Cap Value ETF -$107M
IWP iShares Russell Mid-Cap Growth ETF -$93M
MDY State Street SPDR S&P MIDCAP 400 ETF Trust -$65M
IJK iShares S&P Mid-Cap 400 Growth ETF -$48M
IJJ iShares S&P Mid-Cap 400 Value ETF -$28M
Ticker Small Cap Fund Name 5-Day Flow
Top 5 Inflows
AVUV Avantis U.S. Small Cap Value ETF $351M
IWM iShares Russell 2000 ETF $184M
DFAS Dimensional U.S. Small Cap ETF $160M
VTWO Vanguard Russell 2000 ETF $139M
IJR iShares Core S&P Small Cap ETF $91M
Bottom 5 Outflows
VB Vanguard Small-Cap ETF -$212M
IWO iShares Russell 2000 Growth ETF -$152M
SPSM State Street SPDR Portfolio S&P 600 Small Cap ETF -$61M
IWN iShares Russell 2000 Value ETF -$50M
VBK Vanguard Small-Cap Growth ETF -$47M

Issuer League Table Update

Vanguard and iShares maintain their dominant footprints in the Size & Style category, commanding 34.26% and 27.04% of the market share, respectively. Invesco attracted the most momentum this past week, capturing $5,796M in net inflows across the channel, while Pacer experienced the largest aggregate outflows at -$186M.

Top 5 Issuers by AUM

Brand Fund Count AUM AUM Market Share
Vanguard 41 $2,603.84B 34.26%
iShares 82 $2,055.26B 27.04%
SPDR 30 $1,088.54B 14.32%
Invesco 68 $722.97B 9.51%
Schwab 12 $338.40B 4.45%

Top & Bottom 3 Issuers by 5-Day Flow

Brand 5-Day Flow
Top 3 Inflows
Invesco $5,796M
Vanguard $4,385M
Avantis $842M
Bottom 3 Outflows
Pacer -$186M
Schwab -$184M
Akre -$59M

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.