Flow Leaders & Laggards: SPY and RSP Top Inflows; QQQ Sees $1.9B Redemption

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Issuer League Tables

The U.S. ETF landscape now includes $13,180B in AUM across 4,759 products from 466 issuers. iShares led 1-day flows, collecting $2,040M, adding to its dominant YTD total of $303.67B. Vanguard followed with $773M in daily inflows. On the other side, Invesco saw the largest 1-day outflows at -$1,007M, followed by Direxion with -$504M in redemptions.

Brand 1-Day Flow 30-Day Flow YTD Flow 1-Year Flow
Inflows
iShares $2,040M $46,292M $303.67B $351.16B
Vanguard $773M $56,544M $359.43B $399.01B
WisdomTree $677M $811M $2.12B $1.95B
Capital Group $454M $4,494M $42.36B $44.98B
JPMorgan $386M $5,890M $63.20B $64.91B
Outflows
Invesco ($1,007M) $5,033M $56.75B $66.08B
Direxion ($504M) $315M ($7.88B) ($7.94B)
T-Rex ($250M) $1.76B $446M $0.97B
FlexShares ($120M) $267M $0.78B $0.37B
SMI Funds ($87M) ($3M) ($47M) $0.10B

Daily ETF Flow Analysis

Total 1-day net flows for all U.S. listed ETFs amounted to $4.96B. Equity led all asset classes with $2.72B in new assets, followed by Fixed Income funds which gathered $2.22B. Commodities ($123M) and Digital Assets ($98M) also saw inflows, while Non-Traditional funds experienced the largest net outflows of -$201M.

Asset Class 1-Day Flow 1-Week Flow 1-Month Flow YTD Flow 1-Year Flow
Equity $2,717M $115,097M $10,563M $688,191M $805,645M
Fixed Income $2,220M $13,120M $48,064M $396,905M $416,748M
Commodity $123M $1,537M $1,990M $45,629M $47,231M
Digital Asset $98M $867M ($4,540M) $36,627M $44,096M
Alternative $33M $75M ($269M) $3,657M $3,737M
Currency ($8M) $77M $5M $598M $689M
MultiAsset- ($27M) $702M $135M $6,191M $7,047M
Non-Traditional ($201M) $1,990M $9,324M $80,547M $89,030M
Category 1-Day Flow AUM
Top 10 Categories
Equity: U.S. Large Cap – Blend $1,794M $3,947.28B
Equity: U.S. Large Cap – Value $977M $886.25B
Fixed Income: Taxable – High Yield $557M $109.18B
Fixed Income: Taxable – Ultrashort $456M $160.00B
Equity: Global Ex-U.S. Large Cap – Blend $387M $901.68B
Fixed Income: Taxable – Emerging USD $253M $24.81B
Equity: Emerging Large Cap $243M $356.50B
Fixed Income: Taxable – Government Ultrashort $233M $192.95B
Fixed Income: Taxable – Core Enhanced $217M $112.00B
Equity: Region – Country Specific $200M $147.50B
Bottom 10 Categories
Equity: U.S. Large Cap Growth- ($2,008M) $1,244.23B
Non-Traditional: Leverage | Inverse – Equity ($500M) $111.16B
Fixed Income: Taxable – Government Long ($469M) $139.50B
Equity: Sector – Financials ($366M) $96.93B
Fixed Income: Taxable – Corporate ($112M) $163.12B
Non-Traditional: Leverage | Inverse – Single Stock ($103M) $27.01B
Fixed Income: Taxable – Long-Term ($92M) $19.51B
Equity: Sector- Energy ($78M) $44.66B
Asset Allocation: Specialty – Real Assets ($66M) $1.45B
Non-Traditional: Leverage | Inverse – Fixed Income ($47M) $5.26B

U.S. Size & Style

Within U.S. equities, Large Cap Blend funds dominated, pulling in $1.79B. In contrast, U.S. Large Cap Growth funds saw significant outflows of -$2.01B. U.S. Large Cap Value funds added $977M. At the fund level, SPY ($646M) and RSP ($417M) were the top two flow leaders, while QQQ (-$1,874M) and SPYG (-$496M) drove the growth outflows.

Ticker Fund Name 1-Day Flow AUM
Top 5 Leaders
SPY SPDR S&P 500 ETF Trust $646M $696.9B
RSP Invesco S&P 500 Equal Weight ETF $417M $74.8B
WTV WisdomTree US Value Fund of Benef Interest $395M $2.4B
IWM iShares Russell 2000 ETF $371M $71.1B
DIA SPDR Dow Jones Industrial Average ETF Trust $237M $41.6B
Top 5 Laggards
QQQ Invesco QQQ Trust Series I ($1,874M) $399.9B
SPYG State Street SPDR Portfolio S&P 500 Growth ETF ($496M) $44.9B
IJR iShares Core S&P Small Cap ETF ($326M) $87.7B
VXF Vanguard Extended Market ETF ($324M) $24.7B
IVV iShares Core S&P 500 ETF ($307M) $724.0B

Global Ex-U.S. Size & Style

Global Ex-U.S. funds saw net positive flows, led by the Global Ex-U.S. Large Cap Blend category which gathered $387M. Emerging Large Cap funds also saw notable inflows of $243M. Fund-level activity was topped by VWO ($115M) and SCHF ($105M), while outflows were minimal.

Ticker Fund Name 1-Day Flow AUM
Top 5 Leaders
VWO Vanguard FTSE Emerging Markets ETF $115M $104.1B
SCHF Schwab International Equity ETF $105M $53.2B
DFIS Dimensional International Small Cap ETF $95M $4.5B
IOO iShares Global 100 ETF $82M $8.0B
AVEM Avantis Emerging Markets Equity ETF $57M $15.1B
Top 5 Laggards
AVNV Avantis All International Markets Value ETF ($3M) $0.0B
RAYD Rayliant Quantitative Developed Market Equity ETF ($1M) $0.1B
SEEM SEI Select Emerging Markets Equity ETF $0M $0.3B
EMC Global X Emerging Markets Great Consumer ETF $0M $0.1B
EDGI 3EDGE Dynamic International Equity ETF $0M $0.2B

Region & Country

Region-specific funds saw healthy inflows, led by Country Specific funds ($200M) and Asia-Pacific ($150M). The Eurozone category also added $93M. At the fund level, South Korea and Taiwan exposures led, with EWY ($82M) and EWT ($64M) leading inflows.

Ticker Fund Name 1-Day Flow AUM
Top 5 Leaders
EWY iShares MSCI South Korea ETF $82M $7.12B
EWT iShares MSCI Taiwan ETF $64M $6.91B
VGK Vanguard FTSE Europe ETF $57M $28.19B
BBCA JPMorgan BetaBuilders Canada ETF $31M $9.13B
EWL iShares MSCI Switzerland ETF $22M $1.47B
Top 5 Laggards
EPU iShares MSCI Peru and Global Exposure ETF ($3M) $0.24B
CHIQ Global X MSCI China Consumer Discretionary ETF $0M $0.22B
NDIA Global X India Active ETF $0M $0.05B
KBA KraneShares Bosera MSCI China A 50 Connect Index ETF $0M $0.22B
KGRN KraneShares MSCI China Clean Technology Index ETF $0M $0.06B

Sector & Industry

On a sector basis, Health Care led with $1.17B in 1-day flows, followed by Real Estate at $490M. Information Technology saw the largest outflows at -$1.69B, followed by Financials (-$792M). XLP ($178M) was the top fund-level leader, while XLF (-$439M) was the top laggard.

Ticker Fund Name 1-Day Flow AUM
Top 5 Leaders
XLP Consumer Staples Select Sector SPDR Fund $178M $15.4B
XBI State Street SPDR S&P Biotech ETF $169M $8.3B
SMH VanEck Semiconductor ETF $157M $35.1B
XLU Utilities Select Sector SPDR Fund $126M $22.4B
VOX Vanguard Communication Services ETF $114M $6.1B
Top 5 Laggards
XLF Financial Select Sector SPDR Fund ($439M) $51.5B
XLK Technology Select Sector SPDR Fund ($128M) $92.7B
XLV Health Care Select Sector SPDR Fund ($95M) $41.0B
XLE Energy Select Sector SPDR Fund ($94M) $26.8B
XLRE Real Estate Select Sector SPDR Fund ($91M) $7.5B

Thematic

Thematic funds were led by the Disruptive Tech category, which gathered $138M. Natural Resources ($70M) also saw inflows. In contrast, Precious Metals Thematics saw the largest outflows at -$46M. The URA ($57M) and MAGS ($40M) ETFs led fund-level inflows, while GDXJ (-$63M) saw the largest redemptions.

Ticker Fund Name 1-Day Flow AUM
Top 5 Leaders
URA Global X Uranium ETF $57M $4.97B
MAGS Roundhill Magnificent Seven ETF $40M $3.91B
KNCT Invesco Next Gen Connectivity ETF $34M $0.07B
ARKK ARK Innovation ETF $31M $7.68B
AIRR First Trust RBA American Industrial Renaissance ETF $30M $6.11B
Top 5 Laggards
GDXJ VanEck Junior Gold Miners ETF ($63M) $8.80B
XME State Street SPDR S&P Metals & Mining ETF ($29M) $2.62B
ITB iShares U.S. Home Construction ETF ($26M) $2.64B
AIQ Global X Artificial Intelligence & Technology ETF ($24M) $6.86B
FFOX FundX Future Fund Opportunities ETF ($17M) $0.19B

Fixed Income

Fixed Income funds saw net inflows. By type, Multi-Sector led with $1.09B, followed by Corporates ($444M) and Municipals ($299M). Long-term funds saw outflows of -$92M. By duration, Intermediate duration funds gathered $1.72B, while Long duration funds shed -$541M. EMB ($250M) and HYG ($218M) were the top individual fund leaders.

Ticker Fund Name 1-Day Flow AUM
Top 5 Leaders
EMB iShares JP Morgan USD Emerging Markets Bond ETF $250M $15.65B
HYG iShares iBoxx $ High Yield Corporate Bond ETF $218M $18.36B
USHY iShares Broad USD High Yield Corporate Bond ETF $157M $25.55B
JPST JPMorgan Ultra-Short Income ETF $155M $35.28B
JNK State Street SPDR Bloomberg High Yield Bond ETF $136M $7.65B
Top 5 Laggards
TLT iShares 20+ Year Treasury Bond ETF ($435M) $50.18B
LQD iShares iBoxx $ Investment Grade Corporate Bond ETF ($157M) $33.22B
VCLT Vanguard Long-Term Corporate Bond ETF ($86M) $8.18B
SPIB State Street SPDR Portfolio Intermediate Term Corporate .. ($75M) $10.90B
IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF ($50M) $21.85B

Commodity

Commodity funds experienced net inflows, driven by the Precious Metals category which gained $112M. Multi-Sector saw small inflows of $18M. Fund-level activity was led by SLV ($48M) and PALL ($26M).

Ticker Fund Name 1-Day Flow AUM
Top 5 Leaders
SLV iShares Silver Trust $48M $26.33B
PALL abrdn Physical Palladium Shares ETF $26M $0.83B
SIVR abrdn Physical Silver Shares ETF $25M $3.71B
PPLT abrdn Physical Platinum Shares ETF $14M $1.96B
HGER Harbor Commodity All-Weather Strategy ETF $11M $1.37B
Top 5 Laggards
CPER United States Copper Index Fund ($11M) $0.32B
PDBC Invesco Optimum Yield Diversified Commodity Strategy N.. ($2M) $4.53B
KRBN KraneShares Global Carbon Strategy ETF $0M $0.17B
KEUA KraneShares European Carbon Allowance Strategy ETF $0M $0.01B
AAAU Goldman Sachs Physical Gold ETF $0M $2.35B

Digital Assets

Digital Asset funds continued to gather assets, with Ethereum funds ($60M) and Bitcoin funds ($34M) seeing positive 1-day inflows. ETHA ($50M) and IBIT ($43M) were the top two fund-level leaders for the day.

Ticker Fund Name 1-Day Flow AUM
Top 5 Leaders
ETHA iShares Ethereum Trust ETF $50M $11.02B
IBIT iShares Bitcoin Trust ETF $43M $69.88B
BSOL Bitwise Solana Staking ETF $13M $0.63B
BITO ProShares Bitcoin ETF $13M $2.35B
GSOL Grayscale Solana Trust ETF $10M $0.15B
Top 5 Laggards
TSOL 21Shares Solana ETF ($34M) $0.09B
FBTC Fidelity Wise Origin Bitcoin Fund ($33M) $17.97B
XRPR REX-Osprey XRP ETF ($8M) $0.12B
SSK REX-Osprey SOL + Staking ETF ($7M) $0.21B
EETH ProShares Ether ETF $0M $0.07B

Non-Traditional

Non-Traditional funds saw outflows of -$201M, primarily driven by Leverage | Inverse funds which lost -$464M. Synthetic Income products bucked the trend with $261M in net inflows. At the fund level, the bearish semi-conductor ETF SOXS ($118M) led inflows, while its bullish counterpart SOXL (-$445M) saw the largest redemptions.

Ticker Fund Name 1-Day Flow AUM
Top 5 Leaders
SOXS Direxion Daily Semiconductor Bear 3x Shares $118M $1.11B
AGQ ProShares Ultra Silver $85M $1.33B
SPYI NEOS S&P 500 High Income ETF $54M $6.27B
GPIQ Goldman Sachs Nasdaq-100 Premium Income ETF $54M $2.29B
TSLR GraniteShares 2x Long TSLA Daily ETF $50M $0.27B
Top 5 Laggards
SOXL Direxion Daily Semiconductor Bull 3x Shares ($445M) $12.90B
ROBN T-Rex 2X Long HOOD Daily Target ETF ($217M) $0.23B
TQQQ ProShares UltraPro QQQ ($117M) $30.09B
TSLL Direxion Daily TSLA Bull 2X Shares ($65M) $6.27B
TMF Direxion Daily 20+ Year Treasury Bull 3X Shares ($46M) $4.49B

Recent ETF Launches

The BWOW ETF from Bitwise was one of the most recent funds to launch. The table below lists the 10 newest funds to market, including several new products from GraniteShares and Defiance. 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
11/25/2025 RGYY GraniteShares YieldBoost RGTI ETF Non-Traditional: Synthetic Income – Single Stock $0.00M
11/25/2025 QBY GraniteShares YieldBoost QBTS ETF Non-Traditional: Synthetic Income – Single Stock $0.00M
11/25/2025 OKLS Defiance Daily Target 2X Short OKLO ETF Unclassified $0.00M
11/25/2025 IND Xtrackers Nifty 500 India ETF Equity: Region – Country Specific $5.03M
11/25/2025 BWOW Bitwise Dogecoin ETF Unclassified $2.56M
11/24/2025 YBMN Defiance BMNR Option Income ETF Unclassified $1.27M
11/24/2025 XRPZ Franklin XRP ETF Digital Asset: Cryptocurrency – Altcoin $76.00M
11/24/2025 PBPH Portfolio Building Block World Pharma and Biotech Index ETF Unclassified $0.00M
11/24/2025 PBOG Portfolio Building Block Integrated Oil and Gas and Exploration an.. Unclassified $0.00M
11/24/2025 PBEU Portfolio Building Block European Banks Index ETF Unclassified $0.00M

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 November 28, 2025, and reflects create/redeem activity from Thursday, November 27, 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.