Market Pulse: Large Cap Value Leads U.S. Inflows

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Issuer League Tables

The U.S. ETF landscape now includes $13,334B in AUM across 4,780 products from 465 issuers. SPDR led 1-day flows, collecting $13,197M, contributing to a strong 1-year haul of $96.14B. JPMorgan followed with $1,566M in net inflows. On the other side of the ledger, iShares saw the largest 1-day outflows at ($8,064M), though it remains a dominant leader in YTD flows with $302.06B.

Brand 1-Day Flow 30-Day Flow YTD Flow 1-Year Flow
Inflows
SPDR $13,197M $20,442M $85.67B $96.14B
JPMorgan $1,566M $5,590M $64.99B $68.39B
Invesco $1,144M $5,072M $62.99B $69.98B
Schwab $953M $3,293M $37.78B $44.32B
Fidelity $908M $2,840M $28.46B $31.09B
Outflows
iShares ($8,064M) $33,571M $302.06B $335.88B
YieldMax ($1,651M) $5,412M $25.81B $27.40B
Direxion ($241M) ($1,043M) ($9.87B) ($9.29B)
ProShares ($96M) $1,086M $2.91B $2.55B
GraniteShares ($90M) $752M $0.77B $1.19B

Daily ETF Flow Analysis

Total 1-day net flows for all U.S. listed ETFs amounted to $7.36B. Equity led all asset classes with $5.94B in new assets, followed by Fixed Income which gathered $3.08B. Non-Traditional funds saw the largest outflows, shedding ($1.89B), while Commodity funds saw net inflows of $135M.

Asset Class 1-Day Flow 1-Week Flow 1-Month Flow YTD Flow 1-Year Flow
Equity $5,936M $28,450M $97,224M $720,385M $815,554M
Fixed Income $3,080M $42,909M $11,373M $406,689M $419,486M
Commodity $135M $952M $4,177M $48,067M $49,234M
Multi-Asset $64M $694M $211M $6,405M $7,093M
Alternative $21M ($77M) $96M $3,821M $3,786M
Digital Asset $14M $280M ($2,359M) $37,142M $40,744M
Currency $0M $66M $113M $661M $768M
Non-Traditional ($1,892M) $18,203M $5,149M $92,013M $99,119M
Category 1-Day Flow AUM
Top 10 Categories
Equity: U.S. Large Cap – Value $2,284M $895.70B
Equity: U.S. Large Cap – Growth $1,588M $1,267.53B
Fixed Income: Taxable – International USD $511M $88.94B
Fixed Income: Taxable – Core Enhanced $454M $112.31B
Equity: U.S. Mid Cap – Blend $414M $364.87B
Fixed Income: Taxable – Ultrashort $325M $160.22B
Equity: Thematic – Multi-Sector $299M $26.53B
Fixed Income: Taxable – Short-Term $269M $147.27B
Fixed Income: Taxable – Core $260M $376.61B
Fixed Income: Taxable – Multisector $243M $48.42B
Bottom 10 Categories
Non-Traditional: Synthetic Income – Single Stock ($1,629M) $9.67B
Equity: Sector – Financials ($281M) $98.77B
Non-Traditional: Leverage | Inverse – Equity ($236M) $114.65B
Equity: Sector Consumer Staples ($217M) $26.36B
Fixed Income: Taxable – Corporate ($217M) $161.97B
Equity: Sector – Information Technology ($181M) $348.28B
Non-Traditional: Leverage | Inverse – Commodity ($141M) $4.15B
Non-Traditional: Leverage | Inverse – Single Stock ($128M) $29.43B
Digital Asset: Cryptocurrency – Ethereum ($76M) $19.02B
Commodity: Focused – Precious Metals ($71M) $292.88B

U.S. Size & Style

Within U.S. equities, Large Cap Value funds dominated, pulling in $2.28B, while Large Cap Growth added $1.59B. In contrast, U.S. Large Cap Blend funds saw minor outflows of ($67M). At the fund level, SPY ($12.69B) and DIA ($768M) were the top two flow leaders, while IVV ($11.96B) and VOO ($1.36B) saw the most significant redemptions.

Ticker Fund Name 1-Day Flow AUM
Top 5 Leaders
SPY SPDR S&P 500 ETF Trust $12,688M $721.3B
DIA SPDR Dow Jones Industrial Average ETF Trust $768M $42.8B
IWD iShares Russell 1000 Value ETF $737M $69.1B
IWF iShares Russell 1000 Growth ETF $623M $125.9B
QQQ Invesco QQQ Trust Series I $594M $411.6B
Top 5 Laggards
IVV iShares Core S&P 500 ETF ($11,959M) $724.6B
VOO Vanguard S&P 500 ETF ($1,362M) $823.3B
AVUV Avantis U.S. Small Cap Value ETF ($111M) $19.9B
CGGR Capital Group Growth ETF ($70M) $18.7B
VTWO Vanguard Russell 2000 ETF ($53M) $14.0B

Global Ex-U.S. Size & Style

Global Ex-U.S. funds saw strong flows, led by the Large Cap Blend category which gathered $160M. Global Ex-U.S. Large Cap Value funds added $103M, while Small & Mid Cap funds also saw inflows of $88M. Fund-level activity was topped by VT ($142M) and VXUS ($111M).

Ticker Fund Name 1-Day Flow AUM
Top 5 Leaders
VT Vanguard Total World Stock ETF $142M $58.8B
VXUS Vanguard Total International Stock ETF $111M $114.6B
VSS Vanguard FTSE All-World ex-US Small-Cap ETF $86M $9.6B
FNDF Schwab Fundamental International Equity ETF $45M $19.1B
CGXU Capital Group International Focus Equity ETF $45M $4.4B
Top 5 Laggards
QINT American Century Quality Diversified International ETF ($41M) $0.4B
PDN Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF ($17M) $0.4B
FEMS First Trust Emerging Markets Small Cap AlphaDEX Fund ($9M) $0.2B
BIDD iShares International Dividend Active ETF ($5M) $0.5B
HERD Pacer Cash Cows Fund of Funds ETF ($2M) $0.1B

Region & Country

Region-specific funds saw modest inflows, led by Country Specific strategies which added $149M. Latin America funds also saw inflows of $58M. At the fund level, EWY ($113M) was the clear leader, while EWG ($25M) and SMIN ($25M) were the top laggards.

Ticker Fund Name 1-Day Flow AUM
Top 5 Leaders
EWY iShares MSCI South Korea ETF $113M $7.43B
EWZ iShares MSCI Brazil ETF $65M $6.45B
DXJ WisdomTree Japan Hedged Equity Fund $14M $4.90B
TUR iShares MSCI Turkey ETF $14M $0.19B
EWI iShares MSCI Italy ETF $8M $0.69B
Top 5 Laggards
EWG iShares MSCI Germany ETF ($25M) $1.71B
SMIN iShares MSCI India Small Cap ETF ($25M) $0.79B
ECH iShares MSCI Chile ETF ($10M) $1.04B
SCJ iShares MSCI Japan Small-Cap ETF ($9M) $0.16B
FLJH Franklin FTSE Japan Hedged ETF ($8M) $0.11B

Sector & Industry

On a sector basis, Real Estate led with $471M in 1-day flows, followed by Consumer Discretionary at $260M and Health Care at $251M. Consumer Staples saw the largest outflows at ($521M), followed by Materials ($265M). REET ($117M) was the top fund-level leader, while KRE ($307M) was the top laggard.

Ticker Fund Name 1-Day Flow AUM
Top 5 Leaders
REET iShares Global REIT ETF $117M $4.3B
IYG iShares US Financial Services ETF $100M $2.0B
XLU State Street Utilities Select Sector SPDR ETF $100M $21.6B
XRT State Street SPDR S&P Retail ETF $69M $0.6B
VOX Vanguard Communication Services ETF $49M $6.2B
Top 5 Laggards
KRE State Street SPDR S&P Regional Banking ETF ($307M) $3.7B
XLP State Street Consumer Staples Select Sector SPDR ETF ($216M) $14.9B
IYW iShares U.S. Technology ETF ($132M) $21.3B
IYF iShares U.S. Financials ETF ($114M) $4.1B
XLK State Street Technology Select Sector SPDR ETF ($110M) $95.3B

Thematic

Thematic funds were led by the Multi-Sector category, which gathered $299M. Natural Resources ($193M) and Disruptive Tech ($77M) also saw inflows. In contrast, Alternative Equity saw the largest outflows at ($19M). The XOVR ($158M) and ARKK ($143M) ETFs led fund-level inflows, while MAGS ($66M) saw the largest redemptions.

Ticker Fund Name 1-Day Flow AUM
Top 5 Leaders
XOVR ERShares Private-Public Crossover ETF $158M $0.55B
ARKK ARK Innovation ETF $143M $7.99B
BAI iShares A.I. Innovation and Tech Active ETF $79M $8.22B
XME State Street SPDR S&P Metals & Mining ETF $55M $3.01B
AIQ Global X Artificial Intelligence & Technology ETF $49M $7.10B
Top 5 Laggards
MAGS Roundhill Magnificent Seven ETF ($66M) $4.13B
SRVR Pacer Data & Infrastructure Real Estate ETF ($16M) $0.38B
XHB State Street SPDR S&P Homebuilders ETF ($16M) $1.72B
PBDC Putnam BDC Income ETF ($16M) $0.26B
MSOS AdvisorShares Pure US Cannabis ETF ($6M) $0.70B

Fixed Income

Fixed Income funds saw net inflows. By type, Multi-Sector led with $1.91B, followed by Government ($671M) and Corporates ($193M). By duration, Intermediate duration funds gathered $1.98B, while Ultrashort funds added $538M. SGOV ($316M) and NXUS ($249M) were the top individual fund leaders.

Ticker Fund Name 1-Day Flow AUM
Top 5 Leaders
SGOV iShares 0-3 Month Treasury Bond ETF $316M $66.00B
NXUS NuShares ETF Trust Nuveen International Aggregate Bond ETF $249M $1.54B
BNDX Vanguard Total International Bond ETF $199M $73.92B
HYG iShares iBoxx $ High Yield Corporate Bond ETF $153M $19.17B
BRTR iShares Total Return Active ETF $140M $0.47B
Top 5 Laggards
LQD iShares iBoxx $ Investment Grade Corporate Bond ETF ($244M) $32.78B
JNK State Street SPDR Bloomberg High Yield Bond ETF ($78M) $7.74B
SHV iShares Short Treasury Bond ETF ($75M) $20.09B
VCIT Vanguard Intermediate-Term Corporate Bond ETF ($59M) $58.74B
BIL State Street SPDR Bloomberg 1-3 Month T-Bill ETF ($56M) $43.00B

Commodity

Commodity funds experienced net inflows, driven by the Energy category ($122M) and Multi-Sector ($60M). Precious Metals saw outflows of ($71M). Fund-level activity was led by USO ($115M) and IAUM ($108M), while GLD ($156M) and SLV ($68M) drove the outflows.

Ticker Fund Name 1-Day Flow AUM
Top 5 Leaders
USO United States Oil Fund LP $115M $1.04B
IAUM iShares Gold Trust Micro ETF of Benef Interest $108M $5.78B
PDBC Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF $45M $4.73B
IAU iShares Gold Trust $40M $66.30B
CPER United States Copper Index Fund $22M $0.37B
Top 5 Laggards
GLD SPDR Gold Shares ($156M) $143.11B
SLV iShares Silver Trust ($68M) $29.68B
GLTR abrdn Physical Precious Metals Basket Shares ETF ($9M) $2.31B
TAGS Teucrium Agricultural Fund ($1M) $0.01B
KRBN KraneShares Global Carbon Strategy ETF $0M $0.18B

Digital Assets

Digital Asset funds saw Bitcoin funds gather $68M while Ethereum funds shed ($76M). Altcoin funds saw inflows of $22M. ARKB ($43M) and FBTC ($27M) were the top two fund-level leaders for the day.

Ticker Fund Name 1-Day Flow AUM
Top 5 Leaders
ARKB ARK 21Shares Bitcoin ETF $43M $3.50B
FBTC Fidelity Wise Origin Bitcoin Fund $27M $18.03B
BITO ProShares Bitcoin ETF $13M $2.45B
BSOL Bitwise Solana Staking ETF $12M $0.65B
HODL VanEck Bitcoin ETF $11M $1.52B
Top 5 Laggards
ETHA iShares Ethereum Trust ETF ($75M) $11.08B
IBIT iShares Bitcoin Trust ETF ($32M) $69.42B
EETH ProShares Ether ETF ($1M) $0.07B
BTRN Global X Bitcoin Trend Strategy ETF $0M $0.01B
AETH Bitwise Trendwise Ether and Treasuries Rotation Strategy ETF $0M $0.01B

Non-Traditional

Non-Traditional funds saw outflows of ($1.89B), driven by Synthetic Income products which lost ($1.56B). Leverage | Inverse funds followed with ($337M) in net outflows. At the fund level, the leveraged BITX ($125M) and SPXL ($112M) led inflows, while the single-stock option income MSTY ($1,456M) saw the largest redemptions.

Ticker Fund Name 1-Day Flow AUM
Top 5 Leaders
BITX 2x Bitcoin Strategy ETF $125M $1.64B
SPXL Direxion Daily S&P 500 Bull 3x Shares $112M $6.11B
SQQQ ProShares UltraPro Short QQQ $47M $2.50B
TSLQ Tradr 2X Short TSLA Daily ETF $43M $0.32B
BOIL ProShares Ultra Bloomberg Natural Gas $33M $0.40B
Top 5 Laggards
MSTY YieldMax MSTR Option Income Strategy ETF ($1,456M) $0.36B
SOXL Direxion Daily Semiconductor Bull 3x Shares ($272M) $13.61B
AMDY YieldMax AMD Option Income Strategy ETF ($154M) $0.04B
KOLD ProShares UltraShort Bloomberg Natural Gas ($86M) $0.35B
NVDL GraniteShares 2x Long NVDA Daily ETF ($83M) $4.39B

Recent ETF Launches

The DVGR ETF from DAC was the most recent fund to launch. The table below lists the 10 newest funds to market, including several new products from 21Shares and Voya. Click the header above to explore the full ETF database, where you can sort by inception date to see all new funds.

Launch Date Ticker Fund Name Category AUM
12/5/2025 DVGR DAC 3D Dividend Growth ETF Unclassified $6.76M
12/4/2025 TXXS 21Shares 2x Long Sui ETF Unclassified $0.21M
12/3/2025 VMSB Voya Multi-Sector Income ETF Unclassified $107.96M
12/3/2025 UNHW Roundhill UNH WeeklyPay ETF Unclassified $1.02M
12/3/2025 SOEZ Franklin Solana ETF Unclassified $2.25M
12/3/2025 NEHI NEOS Ethereum High Income ETF Unclassified $3.55M
12/3/2025 KPHO Kraneshares Dragon Capital Vietnam Growth Index ETF Unclassified $0.00M
12/3/2025 IVSS Applied Finance IVS US SMID ETF Unclassified $3.78M
12/2/2025 VUS Virtus US Dividend ETF Unclassified $3.16M
12/2/2025 VDI Virtus International Dividend ETF Unclassified $3.05M

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.

Flow data is reported after close on a T+1 basis. This report’s data is as of 12/8/2025, and reflects create/redeem activity from Friday, 12/5/2025.

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.