Weekly Channel Summary
The U.S. Size & Style ETF channel currently manages approximately $7,098 billion in total assets across 926 ETFs from 253 different issuers. The channel experienced significant activity this past week, gathering $40.55 billion in net new money. This robust weekly performance contributes to a strong Year-to-Date (YTD) inflow total of $543.22 billion, while the trailing one-year flows stand at $527.02 billion. Despite some category-level volatility, the overall channel continues to show massive institutional and retail demand for U.S. equity exposure.
This Week’s Performance Leaders and Laggards
U.S. Large Cap – Growth was the standout performer this week, posting a WTD return of 0.50%, making it the only category to gain more than 0.10%. Conversely, Small Cap Value was the primary laggard, declining by 0.92% over the same period. While Small Cap Value has struggled recently, trailing all categories with a WTD return, it remains in positive territory for the year with an 8.08% YTD return. Performance was generally muted across the board as markets digested year-end flows and positioning.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| U.S. Large Cap – Growth | 0.50% | 3.17% | 0.96% | 14.18% | 17.32% | 17.07% |
| U.S. Mid Cap – Growth | 0.09% | 4.99% | -1.66% | 8.94% | 9.54% | 9.28% |
| U.S. Large Cap – Blend | -0.03% | 3.51% | 2.22% | 12.39% | 14.51% | 14.84% |
| U.S. Mid Cap – Blend | -0.19% | 5.98% | 1.95% | 11.72% | 9.70% | 10.14% |
| U.S. Large Cap – Value | -0.51% | 4.27% | 3.29% | 11.49% | 13.63% | 14.85% |
| U.S. Small Cap – Growth | -0.59% | 7.14% | 2.29% | 15.66% | 11.62% | 11.20% |
| U.S. Mid Cap – Value | -0.60% | 6.54% | 2.41% | 12.06% | 9.73% | 11.09% |
| U.S. Small Cap – Blend | -0.66% | 7.35% | 2.04% | 14.15% | 9.55% | 9.78% |
| U.S. Small Cap – Value | -0.92% | 8.26% | 2.90% | 15.98% | 8.08% | 8.99% |
Top & Bottom ETFs by Weekly Performance
Performance leadership at the individual fund level was diverse. In the Large Cap space, SGRT (SMART Earnings Growth 30 ETF) led with a 3.46% return, while RVER (Trenchless Fund ETF) was the primary laggard, dropping 2.85%. Mid Cap leaders were paced by FRTY (Alger Mid Cap 40 ETF) at 1.36%, while ZIG (Acquirers Fund) saw a 2.26% decline. For Small Caps, SAWS (AAM Sawgrass US Small Cap Quality Growth ETF) posted a slight gain of 0.26%, whereas DEEP (Acquirers Small and Micro Deep Value ETF) fell 1.78%.
Large Cap Performance
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| SGRT | SMART Earnings Growth 30 ETF | 3.46% |
| STRN | SMART Trend 25 ETF | 2.00% |
| ATFV | Alger 35 ETF | 1.97% |
| FFTY | Innovator IBD 50 ETF | 1.88% |
| FMTM | Market Desk Focused U.S. Momentum ETF | 1.82% |
| Bottom Performers | ||
| RVER | Trenchless Fund ETF | -2.85% |
| SYLD | Cambria Shareholder Yield ETF | -1.74% |
| TCV | Towle Value ETF | -1.68% |
| MVFD | Monarch Volume Factor Dividend Tree ETF | -1.60% |
| BAMV | Brookstone Value Stock ETF | -1.46% |
Mid Cap Performance
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| FRTY | Alger Mid Cap 40 ETF | 1.36% |
| ASCE | Allspring SMID Core ETF | 1.21% |
| QQQJ | Invesco NASDAQ Next Gen 100 ETF | 0.78% |
| NUMG | Nuveen ESG Mid-Cap Growth ETF | 0.78% |
| GLRY | Inspire Growth ETF | 0.74% |
| Bottom Performers | ||
| ZIG | Acquirers Fund | -2.26% |
| RNIN | Bushido Capital US SMID Cap Equity ETF | -1.32% |
| CBSE | Clough Select Equity ETF | -1.23% |
| CCFE | Concourse Capital Focused Equity ETF | -1.14% |
| RFV | Invesco S&P Midcap 400 Pure Value ETF | -1.08% |
Small Cap Performance
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| SAWS | AAM Sawgrass US Small Cap Quality Growth ETF | 0.26% |
| VBK | Vanguard Small-Cap Growth ETF | 0.23% |
| EPSB | Harbor SMID Cap Core ETF | 0.08% |
| OASC | OneAscent Enhanced Small and Mid Cap ETF | 0.00% |
| AFSM | First Trust Active Factor Small Cap ETF | -0.02% |
| Bottom Performers | ||
| DEEP | Acquirers Small and Micro Deep Value ETF | -1.78% |
| GRPZ | Invesco S&P SmallCap 600 GARP ETF | -1.58% |
| SFLO | VictoryShares Small Cap Free Cash Flow ETF | -1.47% |
| DSMC | Distillate Small/Mid Cash Flow ETF | -1.42% |
| RZV | Invesco S&P Smallcap 600 Pure Value ETF | -1.39% |
Analyzing the Weekly Flows
The channel saw total net inflows of $40.55 billion this week. The U.S. Large Cap – Value category received the most significant interest, gathering $19,234 million in inflows, bringing its total AUM to $916.4 billion. U.S. Large Cap – Growth also saw substantial activity with $15,788 million in new money. On the other hand, the U.S. Large Cap – Blend category was the only one to see major net outflows, losing $4,065 million over the past five days.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| U.S. Large Cap – Value | 192 | $916.4B | $19,234M | $30,251M | $40,674M | $85,494M | $74,037M |
| U.S. Large Cap – Growth | 153 | $1,253.9B | $15,788M | $24,797M | $41,974M | $130,558M | $118,121M |
| U.S. Mid Cap – Blend | 66 | $369.8B | $4,136M | $8,692M | $4,054M | $28,936M | $26,510M |
| U.S. Small Cap – Blend | 60 | $330.0B | $1,929M | $6,983M | $7,337M | $531M | ($3,452M) |
| U.S. Mid Cap – Value | 22 | $78.8B | $1,633M | $2,430M | $2,261M | $3,841M | $2,344M |
| U.S. Mid Cap – Growth | 24 | $59.4B | $954M | $1,876M | $1,381M | $3,492M | $3,165M |
| U.S. Small Cap – Value | 35 | $100.1B | $705M | $1,547M | $971M | ($1,957M) | ($4,091M) |
| U.S. Small Cap – Growth | 18 | $50.8B | $195M | $511M | $405M | ($1,313M) | ($1,806M) |
| U.S. Large Cap – Blend | 337 | $3,938.0B | ($4,065M) | $25,858M | $110,708M | $293,488M | $312,048M |
Top & Bottom ETFs by 5-Day Flow
Flow leadership was dominated by core benchmarks and value strategies. In Large Cap, IVV (iShares Core S&P 500 ETF) saw massive inflows of $50,368 million, while VOO (Vanguard S&P 500 ETF) saw outflows of $44,287 million. Mid Cap flows were led by VXF (Vanguard Extended Market ETF) with $1,861 million, while MDY (SPDR S&P Midcap 400 ETF Trust) lost $60 million. Small Caps saw IJR (iShares Core S&P Small Cap ETF) lead with $1,410 million in inflows, while IWM (iShares Russell 2000 ETF) experienced $447 million in outflows.
Large Cap Flows
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| IVV | iShares Core S&P 500 ETF | $50,368M |
| SPYV | SPDR Portfolio S&P 500 Value ETF | $6,100M |
| IVE | iShares S&P 500 Value ETF | $4,919M |
| QQQ | Invesco QQQ Trust Series I | $4,336M |
| IVW | iShares S&P 500 Growth ETF | $3,201M |
| Outflows | ||
| VOO | Vanguard S&P 500 ETF | ($44,287M) |
| SPY | SPDR S&P 500 ETF Trust | ($20,099M) |
| RSP | Invesco S&P 500 Equal Weight ETF | ($964M) |
| DFAC | Dimensional U.S. Core Equity 2 ETF | ($279M) |
| QQQM | Invesco NASDAQ 100 ETF | ($271M) |
Mid Cap Flows
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| VXF | Vanguard Extended Market ETF | $1,861M |
| IJJ | iShares S&P Mid-Cap 400 Value ETF | $821M |
| IJK | iShares S&P Mid-Cap 400 Growth ETF | $722M |
| IJH | iShares Core S&P Mid-Cap ETF | $393M |
| VO | Vanguard Mid-Cap ETF | $369M |
| Outflows | ||
| MDY | SPDR S&P Midcap 400 ETF Trust | ($60M) |
| FLQM | Franklin U.S. Mid Cap Multifactor Index ETF | ($14M) |
| XMHQ | Invesco S&P MidCap Quality ETF | ($12M) |
| SMIG | Bahl & Gaynor Small/Mid Cap Income Growth ETF | ($7M) |
| DON | WisdomTree U.S. MidCap Dividend Fund | ($5M) |
Small Cap Flows
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| IJR | iShares Core S&P Small Cap ETF | $1,410M |
| FNDA | Schwab Fundamental U.S. Small Company ETF | $345M |
| VIOV | Vanguard S&P Small-Cap 600 Value ETF | $263M |
| USVM | VictoryShares US Small Mid Cap Value Momentum ETF | $225M |
| VIOO | Vanguard S&P Small-Cap 600 ETF | $154M |
| Outflows | ||
| IWM | iShares Russell 2000 ETF | ($447M) |
| VB | Vanguard Small-Cap ETF | ($125M) |
| CALF | Pacer US Small Cap Cash Cows ETF | ($36M) |
| SLYV | SPDR S&P 600 Small Cap Value ETF | ($14M) |
| XSVM | Invesco S&P SmallCap Value with Momentum ETF | ($10M) |
Issuer League Table Update
Vanguard and iShares continue to dominate the market share landscape, collectively accounting for over 60% of total channel assets. iShares was the flow leader this week, pulling in a massive $66,971 million in net inflows. In contrast, Vanguard—despite being the top issuer by total AUM—experienced the largest weekly outflow among the leaders, seeing $34,525 million depart its funds.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| Vanguard | 41 | $2,418.44B | 34.07% |
| iShares | 81 | $1,946.23B | 27.42% |
| SPDR | 30 | $1,033.43B | 14.56% |
| Invesco | 69 | $677.96B | 9.55% |
| Schwab | 12 | $309.29B | 4.36% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| iShares | $66,971M |
| Invesco | $5,916M |
| Schwab | $3,645M |
| Outflows | |
| Vanguard | ($34,525M) |
| SPDR | ($8,318M) |
| Main Funds | ($181M) |
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.
