Fixed Income Rotation Dominates Daily Flows as Equities Retrench

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Issuer League Tables

The U.S. ETF landscape currently manages $13,533B in assets across 4,874 products from 478 brands. Brand-level activity was led by SPDR, which gathered $2,816M in 1-day inflows. VanEck and Capital Group followed with $610M and $537M respectively. Conversely, iShares experienced the largest 1-day redemptions, shedding -$3,520M, followed by Invesco with outflows of -$2,571M.

Brand 1-Day Flow 30-Day Flow YTD Flow 1-Year Flow
Inflows
SPDR $2,816M $16,325M $1.69B $87.50B
VanEck $610M $2,895M $0.63B $5.41B
Capital Group $537M $4,732M $0.70B $47.44B
Dimensional $398M $4,277M $0.56B $42.99B
Fidelity $391M $3,405M $0.52B $29.87B
Outflows
iShares ($3,520M) $64,800M ($1.73B) $375.57B
Invesco ($2,571M) $5,659M ($1.73B) $68.87B
Direxion ($369M) ($1,825M) ($0.47B) ($11.47B)
ARK ($125M) ($459M) ($0.12B) ($1.49B)
Volatility Shares ($72M) $155.4M ($77.3M) $3.80B

Daily ETF Flow Analysis

Total 1-day net flows across the U.S. listed ETF market amounted to $1,665M. Fixed Income was the primary driver of new assets, collecting $3,454M, while Digital Assets added $661M. Equity funds faced significant selling pressure, recording -$2,544M in 1-day redemptions. Non-Traditional funds saw modest activity with $152M in net inflows.

Asset Class 1-Day Flow 1-Week Flow 1-Month Flow YTD Flow 1-Year Flow
Fixed Income $3,454M $9,805M $40,349M $5,162M $445,216M
Digital Asset $661M $754M ($597M) $232M $36,837M
Non-Traditional $152M $622M $5,607M ($347M) $87,389M
Multi-Asset $132M $329M $1,008M $160M $7,275M
Alternative $9M $39M $331M $52M $4,172M
Currency $1M ($12M) ($128M) $1M $530M
Commodity ($201M) ($697M) $6,277M ($1,092M) $55,431M
Equity ($2,544M) $25,158M $149,500M $6,495M $852,866M
Category 1-Day Flow AUM
Top 10 Categories
Fixed Income: Taxable – Core $927M $383.43B
Fixed Income: Taxable – Government Ultrashort $834M $197.42B
Equity: Sector – Information Technology $755M $345.78B
Equity: Sector – Health Care $628M $97.12B
Fixed Income: Taxable – Ultrashort $628M $163.35B
Equity: Global Ex-U.S. Large Cap – Blend $470M $946.95B
Digital Asset: Cryptocurrency – Bitcoin $467M $118.68B
Fixed Income: Taxable – Core Enhanced $438M $115.29B
Fixed Income: Taxable – Short-Term $373M $149.18B
Equity: Sector – Financials $320M $101.36B
Bottom 10 Categories
Equity: U.S. Large Cap Growth- ($3,495M) $1,259.40B
Equity: U.S. Small Cap – Blend ($1,432M) $327.18B
Equity: U.S. Large Cap – Blend ($1,096M) $4,049.48B
Fixed Income: Taxable – Government Long ($623M) $135.00B
Commodity: Focused – Precious Metals ($365M) $315.69B
Non-Traditional: Leverage | Inverse – Equity ($327M) $109.80B
Fixed Income: Taxable – Corporate ($289M) $160.77B
Equity: Sector – Consumer Discretionary ($265M) $35.56B
Equity: Global Large Cap – Blend ($188M) $132.49B
Fixed Income: Taxable – High Yield ($155M) $112.22B

U.S. Size & Style

U.S. Equity Size & Style categories saw notable pressure in growth and small-cap segments. U.S. Large Cap Growth led outflows with -$3,495M, followed by U.S. Small Cap Blend at -$1,432M. U.S. Large Cap Blend also shed -$1,096M. On the fund level, SPYM was the standout leader with $3,272M in new assets, while QQQ and IVV saw substantial redemptions of -$3,158M and -$2,814M respectively.

Ticker Fund Name 1-Day Flow AUM
Top 5 Leaders
SPYM SPDR Portfolio S&P 500 ETF $3,272M $100.4B
VTI Vanguard Total Stock Market ETF $299M $573.1B
VTV Vanguard Value ETF $226M $159.4B
RSP Invesco S&P 500 Equal Weight ETF $220M $75.5B
IJS iShares S&P Small-Cap 600 Value ETF $143M $6.9B
Top 5 Laggards
QQQ Invesco QQQ Trust Series I ($3,158M) $407.7B
IVV iShares Core S&P 500 ETF ($2,814M) $760.0B
SPY SPDR S&P 500 ETF Trust ($1,401M) $711.9B
IWM iShares Russell 2000 ETF ($1,194M) $73.2B
VOO Vanguard S&P 500 ETF ($735M) $840.1B

Global Ex-U.S. Size & Style

Global markets ex-U.S. saw net positive flows, driven by a $470M allocation to Developed Ex-U.S. Blend funds. Emerging Market Large Cap also contributed $213M. At the fund level, ACWX led with $163M, while the active AVDE added $141M. JGLO saw the segment’s heaviest redemptions, losing -$362M.

Ticker Fund Name 1-Day Flow AUM
Top 5 Leaders
ACWX iShares MSCI ACWI ex U.S. ETF $163M $8.1B
AVDE Avantis International Equity ETF $141M $11.8B
FENI Fidelity Enhanced International ETF $96M $5.9B
AVEM Avantis Emerging Markets Equity ETF $94M $16.5B
VT Vanguard Total World Stock ETF $88M $60.5B
Top 5 Laggards
JGLO JPMorgan Global Select Equity ETF ($362M) $6.8B
SCHC Schwab International Small-Cap Equity ETF ($55M) $5.0B
ESGD iShares ESG Aware MSCI EAFE ETF ($48M) $11.0B
BFRE Westwood LBRTY Global Equity ETF ($1M) $0.0B
SEIE SEI Select International Equity ETF $0M $0.9B

Region & Country

Region-specific funds were buoyed by significant interest in Eurozone ($293M) and Asia-Pacific ($114M) segments. South Korean equities saw specific demand, with EWY gathering $101M. Eurozone bellwether EZU added $58M, while China-focused KWEB saw outflows of -$18M.

Ticker Fund Name 1-Day Flow AUM
Top 5 Leaders
EWY iShares MSCI South Korea ETF $101M $8.57B
EZU iShares MSCI Eurozone ETF $58M $9.08B
EWA iShares MSCI Australia ETF $53M $1.34B
BBAX JPMorgan BetaBuilders Dev Asia Pacific ex-Japan ETF $48M $5.69B
EPOL iShares MSCI Poland ETF $27M $0.50B
Top 5 Laggards
KWEB KraneShares CSI China Internet ETF ($18M) $8.19B
INCO Columbia India Consumer ETF ($10M) $0.28B
GREK Global X MSCI Greece ETF $0M $0.30B
KGRN KraneShares MSCI China Clean Technology Index ETF $0M $0.06B
DAX Global X DAX Germany ETF $0M $0.28B

Sector & Industry

Technology sectors saw strong inflows, with Information Technology funds pulling in $755M and Health Care adding $628M. Financials also saw $320M in 1-day flows. Consumer Discretionary was the notable laggard, shedding -$265M. Individual fund activity was topped by SMH ($597M) and XLK ($339M), while XLY faced -$260M in outflows.

Ticker Fund Name 1-Day Flow AUM
Top 5 Leaders
SMH VanEck Semiconductor ETF $597M $39.3B
XLK Technology Select Sector SPDR ETF $339M $92.8B
XBI SPDR S&P Biotech ETF $292M $8.1B
XLF Financial Select Sector SPDR ETF $187M $53.5B
XLV Health Care Select Sector SPDR ETF $179M $40.1B
Top 5 Laggards
XLY Consumer Discretionary Select Sector SPDR ETF ($260M) $23.9B
IGV iShares Expanded Tech-Software Sector ETF ($139M) $7.5B
IDU iShares U.S. Utilities ETF ($126M) $1.6B
XLC Communication Services Select Sector SPDR ETF ($105M) $26.9B
SOXX iShares Semiconductor ETF ($47M) $18.2B

Thematic

Thematic equity flows were positive overall ($800M), led by Infrastructure ($58M) and Precious Metals themes ($48M). Industrial Revolution strategies also saw interest ($10M), while Disruptive Tech and Evolving Consumer categories faced minor outflows of -$15M each. XOVR was the segment leader with $234M in 1-day flows, while ARKK shed -$114M.

Ticker Fund Name 1-Day Flow AUM
Top 5 Leaders
XOVR ERShares Private-Public Crossover ETF $234M $1.48B
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure ETF $62M $5.42B
PICK iShares MSCI Global Metals & Mining Producers ETF $55M $1.28B
SIL Global X Silver Miners ETF $24M $5.02B
AIQ Global X Artificial Intelligence & Technology ETF $17M $7.45B
Top 5 Laggards
ARKK ARK Innovation ETF ($114M) $6.98B
MAGS Roundhill Magnificent Seven ETF ($42M) $3.89B
FDN First Trust Dow Jones Internet Index Fund ($27M) $6.44B
IYZ iShares U.S. Telecommunications ETF ($19M) $0.68B
PAVE Global X U.S. Infrastructure Development ETF ($13M) $10.17B

Fixed Income

Fixed Income assets were dominated by a $2,252M surge in Multi-Sector funds and a $1,471M allocation to Ultrashort duration products. Government funds saw $650M in inflows. Conversely, Long-duration funds faced redemptions of -$694M. Cash-equivalent SGOV led individual fund leaders with $437M, while TLT saw -$635M in outflows.

Ticker Fund Name 1-Day Flow AUM
Top 5 Leaders
SGOV iShares 0-3 Month Treasury Bond ETF $437M $69.33B
AGG iShares Core U.S. Aggregate Bond ETF $409M $135.95B
JPST JPMorgan Ultra-Short Income ETF $192M $35.83B
BOXX Alpha Architect 1-3 Month Box ETF $181M $9.50B
BND Vanguard Total Bond Market ETF $170M $146.42B
Top 5 Laggards
TLT iShares 20+ Year Treasury Bond ETF ($635M) $46.60B
LQD iShares iBoxx $ Inv Grade Corp Bond ETF ($275M) $29.81B
HYG iShares iBoxx $ High Yield Corp Bond ETF ($218M) $19.68B
SPIB SPDR Portfolio Intermediate Term Corporate Bond ETF ($101M) $10.85B
VCLT Vanguard Long-Term Corporate Bond ETF ($53M) $7.51B

Commodity

Commodity funds faced aggregate outflows of -$697M, driven almost entirely by the Precious Metals segment which lost -$365M. Industrial Metals saw localized strength with $159M in new assets. USO led the commodity leader board with $69M, while silver bellwether SLV lost -$202M.

Ticker Fund Name 1-Day Flow AUM
Top 5 Leaders
USO United States Oil Fund LP $69M $0.95B
GLDM SPDR Gold Minishares Trust $26M $25.58B
CPER United States Copper Index Fund $21M $0.48B
BCI abrdn Bloomberg All Commodity Strategy ETF $13M $1.79B
UNG United States Natural Gas Fund LP $12M $0.55B
Top 5 Laggards
SLV iShares Silver Trust ($202M) $39.02B
IAU iShares Gold Trust ($189M) $68.90B
KCCA KraneShares California Carbon Allowance Strategy ETF $0M $0.12B
KRBN KraneShares Global Carbon Strategy ETF $0M $0.18B
AAAU Goldman Sachs Physical Gold ETF $0M $2.57B

Digital Assets

Digital Asset funds continued their accumulation trend, adding $661M in total 1-day flows. Bitcoin ETFs led the charge with $467M in net inflows, while Ethereum funds faced redemptions of -$432M. IBIT remains the dominant flow target, gathering $287M, while FBTC followed with $88M.

Ticker Fund Name 1-Day Flow AUM
Top 5 Leaders
IBIT iShares Bitcoin Trust ETF $287M $69.51B
FBTC Fidelity Wise Origin Bitcoin Fund $88M $17.61B
ETHE Grayscale Ethereum Staking ETF $54M $2.89B
ETH Grayscale Ethereum Staking Mini ETF $50M $2.30B
ETHA iShares Ethereum Trust ETF $47M $10.86B
Top 5 Laggards
OBTC Osprey Bitcoin Trust ($29M) $0.11B
XRPI Volatility Shares Trust XRP ETF ($2M) $0.14B
SOLC Canary Marinade Solana ETF ($1M) $0.00B
AETH Bitwise Trendwise Ether Rotation Strategy ETF $0M $0.01B
BETH ProShares Bitcoin & Ether Market Cap Weight ETF $0M $0.02B

Non-Traditional

Non-Traditional funds recorded $152M in net flows, driven by $246M in Buffer products and $183M in Synthetic Income strategies. Leverage & Inverse funds faced redemptions of -$277M. On the fund level, BOIL and SOXS led inflows as investors sought tactical exposure, while SOXL saw the largest segment redemptions of -$516M.

Ticker Fund Name 1-Day Flow AUM
Top 5 Leaders
BOIL ProShares Ultra Bloomberg Natural Gas $124M $0.57B
SOXS Direxion Daily Semiconductor Bear 3x Shares $111M $1.04B
PJAN Innovator U.S. Equity Power Buffer ETF – January $86M $1.30B
TQQQ ProShares UltraPro QQQ $73M $29.32B
SIXH ETC 6 Meridian Hedged Equity Index Option ETF $40M $0.54B
Top 5 Laggards
SOXL Direxion Daily Semiconductor Bull 3x Shares ($516M) $13.78B
KOLD ProShares UltraShort Bloomberg Natural Gas ($55M) $0.14B
ETHU 2x Ether ETF ($37M) $1.76B
AGQ ProShares Ultra Silver ($32M) $2.23B
BITX 2x Bitcoin Strategy ETF ($30M) $1.48B

Recent ETF Launches

The ETF market continues to expand with 364 new launches in the past three months. Recent activity includes several new Buffer products from Innovator and ARK, alongside thematic entries like the Gabelli Opportunities in Live and Sports ETF (GOLS). 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
1/2/2026 GOLS Gabelli Opportunities in Live and Sports ETF Equity: Thematic – Evolving Consumer $10.68M
1/2/2026 DDTJ Innovator Equity Dual Directional 10 Buffer ETF – January Non-Traditional: Buffer – Equity $5.21M
1/2/2026 DDSQ Innovator Equity Dual Directional 5 Buffer ETF – Quarterly Non-Traditional: Buffer – Equity $1.91M
1/2/2026 DDNQ Innovator Growth-100 Dual Directional 5 Buffer ETF – Quarterly Non-Traditional: Buffer – Equity $1.47M
1/2/2026 DDFJ Innovator Equity Dual Directional 15 Buffer ETF – January Non-Traditional: Buffer – Equity $26.06M
1/2/2026 ARKD ARK DIET Q1 Buffer ETF Non-Traditional: Buffer – Equity $1.01M
12/31/2025 PFOE Pathfinder Focused Opportunities ETF Equity: U.S. Large Cap – Blend $5.27M
12/31/2025 PFDE Pathfinder Disciplined US Equity ETF Equity: U.S. Large Cap – Blend $4.49M
12/30/2025 TSSD Truth Social American Security & Defense ETF Equity: Sector – Industrial $2.22M
12/30/2025 TSRS Truth Social American Red State REITs ETF Equity: Sector – Real Estate $0.25M

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 January 5, 2026, and reflects create/redeem activity from Friday, January 2, 2026.

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.