Weekly Channel Summary
The U.S. Size & Style ETF channel currently encompasses 932 ETFs managed by 255 brands, representing a massive $7,255 billion in total Assets Under Management (AUM). Despite the significant scale, the channel faced a challenging week with total net outflows of ($23.00 billion). However, the longer-term trend remains robust, with the channel attracting $549.89 billion in Year-to-Date (YTD) flows and $569.76 billion over the past rolling year.
This Week’s Performance Leaders and Laggards
Performance across the U.S. equity landscape was broadly positive this week, led by Large Cap strategies. U.S. Large Cap – Growth was the top-performing category with a 1.41% Week-to-Date (WTD) return, further extending its impressive YTD lead of 18.56%. Conversely, the U.S. Small Cap – Value category was the primary laggard, posting a modest gain of only 0.16% for the week, and it remains the worst-performing category YTD at 8.27%.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| U.S. Large Cap – Growth | 1.41% | 2.01% | 3.36% | 12.17% | 18.56% | 14.80% |
| U.S. Large Cap – Blend | 1.23% | 1.95% | 3.75% | 11.22% | 15.72% | 13.15% |
| U.S. Large Cap – Value | 0.99% | 2.19% | 3.96% | 10.59% | 14.64% | 13.16% |
| U.S. Mid Cap – Growth | 0.72% | 2.07% | 0.46% | 7.39% | 11.01% | 8.22% |
| U.S. Mid Cap – Blend | 0.70% | 2.30% | 3.09% | 9.79% | 10.33% | 8.58% |
| U.S. Small Cap – Growth | 0.69% | 2.36% | 3.87% | 12.95% | 11.94% | 9.27% |
| U.S. Mid Cap – Value | 0.49% | 2.52% | 2.83% | 10.35% | 10.18% | 8.99% |
| U.S. Small Cap – Blend | 0.34% | 2.26% | 3.05% | 12.11% | 10.37% | 8.44% |
| U.S. Small Cap – Value | 0.16% | 2.53% | 3.23% | 13.15% | 8.27% | 6.97% |
Top & Bottom ETFs by Weekly Performance
In the Large Cap space, the Innovator IBD 50 ETF (FFTY) led with a 3.16% return, while the Roundhill Meme Stock ETF (MEME) struggled with a -4.07% decline. Among Mid Caps, the Alger Mid Cap 40 ETF (FRTY) was the standout performer (1.50%), while the Renaissance IPO ETF (IPO) lagged at -0.66%. Small Caps saw the Pacer US Small Cap Cash Cows Growth Leaders ETF (CAFG) gain 1.68%, while the First Trust Dow Jones Select MicroCap Index Fund (FDM) dropped -0.54%.
Large Cap Performance
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| FFTY | Innovator IBD 50 ETF | 3.16% |
| DARP | Grizzle Growth ETF | 3.09% |
| DVSP | WEBS SPY Defined Volatility ETF | 2.50% |
| AFOS | ARS Focused Opportunity Strategy ETF | 2.41% |
| HCMT | Direxion HCM Tactical Enhanced US ETF | 2.40% |
| Bottom Performers | ||
| MEME | Roundhill Meme Stock ETF | -4.07% |
| BUZZ | VanEck Social Sentiment ETF | -1.00% |
| TCV | Towle Value ETF | -0.29% |
| MVPA | Miller Value Partners Appreciation ETF | -0.24% |
| LSAT | Leadershares Alphafactor Tactical Focused ETF | -0.23% |
Mid Cap Performance
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| FRTY | Alger Mid Cap 40 ETF | 1.50% |
| RFG | Invesco S&P Midcap 400 Pure Growth ETF | 1.22% |
| SMIG | Bahl & Gaynor Small/Mid Cap Income Growth ETF | 1.19% |
| XMMO | Invesco S&P MidCap Momentum ETF | 1.16% |
| CSMD | Congress SMid Growth ETF | 1.14% |
| Bottom Performers | ||
| IPO | Renaissance IPO ETF | -0.66% |
| RFV | Invesco S&P Midcap 400 Pure Value ETF | -0.27% |
| XMVM | Invesco S&P MidCap Value with Momentum ETF | -0.10% |
| ISMD | Inspire Small/Mid Cap ETF | 0.10% |
| GRPM | Invesco S&P MidCap 400 GARP ETF | 0.16% |
Small Cap Performance
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| CAFG | Pacer US Small Cap Cash Cows Growth Leaders ETF | 1.68% |
| SCAP | Infrastructure Capital Small Cap Income ETF | 1.36% |
| GSC | Goldman Sachs Small Cap Equity ETF | 1.04% |
| XSMO | Invesco S&P SmallCap Momentum ETF | 0.97% |
| EPSB | Harbor SMID Cap Core ETF | 0.96% |
| Bottom Performers | ||
| FDM | First Trust Dow Jones Select MicroCap Index Fund | -0.54% |
| XSHD | Invesco S&P SmallCap High Dividend Low Volatility ETF | -0.47% |
| XSVM | Invesco S&P SmallCap Value with Momentum ETF | -0.44% |
| MYLD | Cambria Micro and SmallCap Shareholder Yield ETF | -0.35% |
| BSVO | EA Bridgeway Omni Small-Cap Value ETF | -0.30% |
Analyzing the Weekly Flows
The channel experienced total net outflows of ($23,026 million) this week. The U.S. Large Cap – Blend category was the only significant source of capital growth, receiving $12,262 million in inflows, bringing its total AUM to a staggering $4,070.0B. Other categories largely saw withdrawals, with the U.S. Large Cap – Growth category suffering the largest outflows at ($13,819 million).
Category Flows Summary
| Category | Fund Count | AUM | 5 Day Flow | 30 Day Flow | 90 Day Flow | YTD Flow | 1 Year Flow |
|---|---|---|---|---|---|---|---|
| U.S. Large Cap-Blend | 338 | $4,070.0B | $12,262M | $57,202M | $140,308M | $333,838M | $344,337M |
| U.S. Small Cap-Growth | 18 | $52.0B | ($262M) | $336M | $511M | ($1,559M) | ($1,333M) |
| U.S. Small Cap-Value | 35 | $99.8B | ($610M) | $1,103M | $891M | ($2,510M) | ($2,388M) |
| U.S. Mid Cap Growth | 23 | $60.2B | ($675M) | $1,139M | $1,331M | $2,871M | $2,974M |
| U.S. Mid Cap-Value | 23 | $78.2B | ($1,189M) | $1,417M | $1,473M | $2,653M | $2,815M |
| U.S. Small Cap-Blend | 62 | $333.3B | ($2,541M) | $4,659M | $5,713M | ($628M) | ($1,880M) |
| U.S. Mid Cap-Blend | 66 | $372.4B | ($2,582M) | $5,295M | $9,207M | $26,507M | $26,814M |
| U.S. Large Cap-Value | 194 | $912.7B | ($13,611M) | $13,501M | $31,074M | $71,884M | $73,947M |
| U.S. Large Cap-Growth | 153 | $1,274.3B | ($13,819M) | $8,436M | $33,290M | $116,707M | $124,352M |
Top & Bottom ETFs by 5-Day Flow
In Large Caps, the Vanguard S&P 500 ETF (VOO) dominated inflows with $14,914M, while the State Street SPDR Portfolio S&P 500 ETF (SPYM) saw the heaviest outflows of ($6,441M). Mid Caps were led by the SPDR S&P Midcap 400 ETF Trust (MDY) ($231M inflow), while the Vanguard Extended Market ETF (VXF) lost ($1,859M). For Small Caps, the Fidelity Enhanced Small Cap ETF (FESM) led inflows ($81M), as the iShares Core S&P Small Cap ETF (IJR) experienced significant outflows of ($1,353M).
Large Cap Flows
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| VOO | Vanguard S&P 500 ETF | $14,914M |
| SPY | SPDR S&P 500 ETF Trust | $6,212M |
| DIA | SPDR Dow Jones Industrial Average ETF Trust | $675M |
| VTI | Vanguard Total Stock Market ETF | $424M |
| VYM | Vanguard High Dividend Yield Index ETF | $335M |
| Outflows | ||
| SPYM | State Street SPDR Portfolio S&P 500 ETF | ($6,441M) |
| SPYV | State Street SPDR Portfolio S&P 500 Value ETF | ($5,912M) |
| IVE | iShares S&P 500 Value ETF | ($4,675M) |
| IVW | iShares S&P 500 Growth ETF | ($3,327M) |
| MOAT | VanEck Morningstar Wide Moat ETF | ($2,857M) |
Mid Cap Flows
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| MDY | SPDR S&P Midcap 400 ETF Trust | $231M |
| IJH | iShares Core S&P Mid-Cap ETF | $172M |
| IWR | iShares Russell Midcap ETF | $107M |
| VOT | Vanguard Mid-Cap Growth ETF | $43M |
| CGMM | Capital Group U.S. Small and Mid Cap ETF | $31M |
| Outflows | ||
| VXF | Vanguard Extended Market ETF | ($1,859M) |
| IJJ | iShares S&P Mid-Cap 400 Value ETF | ($833M) |
| IJK | iShares S&P Mid-Cap 400 Growth ETF | ($736M) |
| SPMD | State Street SPDR Portfolio S&P 400 Mid Cap ETF | ($244M) |
| PRFZ | Invesco RAFI US 1500 Small-Mid ETF | ($241M) |
Small Cap Flows
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| FESM | Fidelity Enhanced Small Cap ETF | $81M |
| AVUV | Avantis U.S. Small Cap Value ETF | $69M |
| DFAS | Dimensional U.S. Small Cap ETF | $30M |
| DFSV | Dimensional US Small Cap Value ETF | $28M |
| SMLF | iShares U.S. SmallCap Equity Factor ETF | $27M |
| Outflows | ||
| IJR | iShares Core S&P Small Cap ETF | ($1,353M) |
| FNDA | Schwab Fundamental U.S. Small Company ETF | ($341M) |
| IWM | iShares Russell 2000 ETF | ($279M) |
| VIOV | Vanguard S&P Small-Cap 600 Value ETF | ($259M) |
| VBR | Vanguard Small Cap Value ETF | ($256M) |
Issuer League Table Update
Vanguard and iShares continue to dominate the competitive landscape, holding 34.07% and 27.72% market share, respectively. Vanguard proved to be the flow leader this week, gathering $8,096 million in net new assets. Conversely, iShares experienced the largest outflows among the top brands, seeing ($13,679 million) leave its size and style suite.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| Vanguard | 41 | $2,471.42B | 34.07% |
| iShares | 81 | $2,010.67B | 27.72% |
| SPDR | 30 | $1,048.65B | 14.46% |
| Invesco | 69 | $687.71B | 9.48% |
| Schwab | 12 | $312.49B | 4.31% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| Vanguard | $8,096M |
| Capital Group | $578M |
| Fidelity | $302M |
| Outflows | |
| iShares | ($13,679M) |
| SPDR | ($8,085M) |
| Invesco | ($4,338M) |
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.
