ETF Leaders & Laggards: Daily Flow Breakdown

Issuer League Tables

Daily flow activity highlights significant concentration among leading asset managers, with Invesco capturing a robust $5,385M in absolute single-day net inflows. Conversely, State Street’s SPDR lineup registered notable redemptions, experiencing $3,729M in daily outflows across its fund suite. On a relative basis, smaller providers demonstrated substantial organic growth, as Smart expanded its total asset base by 31.57% following $17M in daily allocations. Meanwhile, Leverage Shares faced stark contractions, shedding 20.29% of its total footprint after observing $272M in net outflows.

Issuer Flows (Absolute)

Issuer Flows (Relative)

Daily ETF Flow Analysis

Aggregate market activity yielded $3,911M in net daily inflows, lifting year-to-date total allocations across all asset classes to $455,853M. Equity funds drove the majority of daily volume by adding $2,013M, significantly outperforming commodities, which contracted by $57M. Within specific product subsets, the U.S. Large Cap Growth category led all peers by attracting $4,540M, building upon its massive $1,362.41B footprint. In contrast, U.S. Large Cap Blend funds trailed the market substantially, posting aggregate single-day outflows of $2,307M.

Asset Class Flows

Category Flows

U.S. Size & Style

Invesco QQQ Trust Series I (QQQ) dominated the domestic size and style segment, capturing $4,675M in single-day inflows to expand its $444.4B asset base. TR Activebeta US Large Cap Equity ETF (GSLC) followed with a distant but notable $308M in positive flow activity. Conversely, the State Street SPDR S&P 500 ETF (SPY) faced heavy redemption pressure, recording $3,409M in daily outflows. The small-cap category also observed significant withdrawals, with the iShares Russell 2000 ETF (IWM) shedding $1,347M.

Size & Style ex-U.S.

The Avantis Emerging Markets Equity ETF (AVEM) led the international style category, securing $108M in new allocations to bolster its $23.7B portfolio. Dimensional International Value ETF (DFIV) and Freedom 100 Emerging Markets ETF (FRDM) also attracted consistent daily volume, posting $57M and $50M in positive net flows, respectively. On the lagging side, Vanguard International Dividend Appreciation ETF (VIGI) realized $46M in single-day redemptions. JPMorgan BetaBuilders Emerging Markets Equity ETF (BBEM) identically matched Sequoia Global Value ETF (SFGV) with $44M in daily outflows.

Sector & Industry

Semiconductor and energy products experienced outsized daily demand, with the iShares Semiconductor ETF (SOXX) drawing $231M in fresh allocations. The State Street Energy Select Sector SPDR ETF (XLE) closely tracked this momentum, observing $220M in positive daily flows. Meanwhile, the VanEck Semiconductor ETF (SMH) starkly underperformed its category peers, registering a robust $380M in daily redemptions. State Street Health Care Select Sector SPDR ETF (XLV) and State Street Utilities Select Sector SPDR ETF (XLU) also faced contraction, losing $181M and $130M, respectively.

Region & Country

The iShares MSCI Canada ETF (EWC) captured the largest single-day regional allocations, adding $52M to its $5.37B asset base. The Franklin FTSE South Korea ETF (FLKR) followed by securing $38M in daily inflows, slightly outpacing the JPMorgan BetaBuilders Canada ETF (BBCA). Broad redemptions materialized in South Korean allocations, as the iShares MSCI South Korea ETF (EWY) shed $166M over the single trading session. The Global X MSCI Argentina ETF (ARGT) and iShares MSCI Spain ETF (EWP) recorded localized outflows of $33M and $17M, respectively.

Thematic

The Roundhill Memory ETF (DRAM) led all thematic strategies, absorbing $206M in daily allocations to expand its portfolio to $2.79B. The iShares Global Clean Energy ETF (ICLN) and iShares Future AI & Tech ETF (ARTY) maintained positive thematic momentum, capturing $62M and $47M in respective daily inflows. First Trust Dow Jones Internet Index Fund (FDN) encountered the steepest segment outflows, shedding $107M during the session. ARK Innovation ETF (ARKK) and VanEck Junior Gold Miners ETF (GDXJ) followed the contraction trend with $66M and $40M in specific redemptions.

Fixed Income

The iShares 0-3 Month Treasury Bond ETF (SGOV) commanded short-duration debt allocations, pulling in $331M over a single day. The PGIM AAA CLO ETF (PAAA) and iShares International Treasury Bond ETF (IGOV) secured $201M and $177M in positive flow activity, highlighting diverse fixed-income positioning. Corporate credit products absorbed substantial outflows, as the iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) saw massive redemptions of $531M. Emerging market and high-yield exposures also contracted, with the iShares JP Morgan USD Emerging Markets Bond ETF (EMB) losing $238M.

Commodity

The United States Oil Fund LP (USO) secured the highest single-day commodity allocations, absorbing $104M to bring its total scale to $1.82B. Harbor Commodity All-Weather Strategy ETF (HGER) and the iShares Silver Trust (SLV) closely followed, adding $55M and $53M in respective net flows. Precious metals faced severe physical-backed redemptions, highlighted by the SPDR Gold Shares (GLD) shedding $255M in a single session. The iShares Gold Trust (IAU) and GraniteShares Gold Shares (BAR) compounded the category’s outflows with $83M and $41M in daily losses.

Cryptocurrency

The iShares Bitcoin Trust ETF (IBIT) commanded digital asset volume, accumulating $335M in single-day net inflows across its $65.44B portfolio. Fidelity Wise Origin Bitcoin Fund (FBTC) and iShares Ethereum Trust ETF (ETHA) expanded their respective footprints by adding $185M and $55M. Outflow activity remained structurally flat across the lagging cryptocurrency spectrum, with several funds recording $0M in net daily movement, reflecting an absence of redemption pressure in those specific vehicles.

Non-Traditional

Structured outcome products dominated the non-traditional category, with the AllianzIM U.S. Equity Buffer20 May ETF (MAYW) securing an outsized $213M in daily inflows. Direxion Daily Financial Bull 3X ETF (FAS) and TrueShares Seasonality Laddered Buffered ETF (ONEZ) followed by pulling in $107M and $89M, respectively. Conversely, the Leverage Shares 2X Long CRCL Daily ETF (CRCG) recorded sharp contraction, shedding $201M from its $0.16B asset base. The AllianzIM U.S. Equity 6 Month Buffer10 Apr/Oct ETF (SIXO) also faced severe single-day redemptions totaling $154M.

Recent Launches

Issuer expansion persisted into early May 2026, primarily driven by structured outcome and leveraged single-stock daily target ETFs. Corgi launched a suite of buffered equity strategies on May 1st, including the Corgi Growth & Technology 15% Structured Buffer ETF (QQMY) which debuted with $5.41M in initial assets. Pacer continued to build out its SOS Moderate series, while Defiance and 21Shares introduced targeted tactical exposures to the market.