Weekly Channel Summary
The U.S. Size & Style ETF channel currently manages $7,335B in assets across 941 ETFs from 260 unique brands. This past week saw a cooling in investor sentiment as the channel experienced total net outflows of ($5.01B). Despite this weekly pullback, the channel remains firmly in positive territory for the year, with Year-to-Date (YTD) inflows reaching $14.56B and a trailing one-year total of $554.82B in net new money.
This Week’s Performance Leaders and Laggards
Performance was broadly negative across all size and style categories this week. The U.S. Large Cap – Value category proved the most resilient, posting a marginal Week-to-Date (WTD) return of -0.10%. On the other end of the spectrum, U.S. Mid Cap – Growth was the primary laggard, declining -0.69%. Despite the weekly dip, nearly all categories maintain positive YTD returns, led by U.S. Small Cap – Value at 6.35%.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| U.S. Large Cap – Value | -0.10% | 2.64% | 5.74% | 9.07% | 3.29% | 12.70% |
| U.S. Small Cap – Value | -0.15% | 4.92% | 7.97% | 11.93% | 6.35% | 9.92% |
| U.S. Mid Cap – Value | -0.17% | 3.57% | 6.52% | 8.47% | 4.91% | 8.92% |
| U.S. Large Cap – Blend | -0.20% | 1.16% | 3.42% | 8.59% | 2.14% | 11.85% |
| U.S. Small Cap – Blend | -0.24% | 3.81% | 6.27% | 11.73% | 5.85% | 10.57% |
| U.S. Large Cap – Growth | -0.32% | -0.30% | 0.99% | 7.89% | 1.12% | 11.96% |
| U.S. Mid Cap – Blend | -0.44% | 3.36% | 5.70% | 9.30% | 5.10% | 8.71% |
| U.S. Small Cap – Growth | -0.48% | 3.29% | 5.60% | 13.53% | 6.12% | 10.26% |
| U.S. Mid Cap – Growth | -0.69% | 2.59% | 2.29% | 6.46% | 4.75% | 6.84% |
Top & Bottom ETFs by Weekly Performance
In the Large Cap space, the Keating Active ETF (KEAT) led with a 3.04% return, while the Roundhill Meme Stock ETF (MEME) fell -4.04%. Among Mid Caps, the Concourse Capital Focused Equity ETF (CCFE) rose 0.96%, whereas the Fundstrat Granny Shots US Small- & Mid-Cap ETF (GRNJ) struggled, losing -2.03%. Finally, the VictoryShares Small Cap Free Cash Flow ETF (SFLO) gained 1.06% to lead Small Caps, while the Infrastructure Capital Small Cap Income ETF (SCAP) dipped -1.34%.
Large Cap Performance
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| KEAT | Keating Active ETF | 3.04% |
| FFTY | Innovator IBD 50 ETF | 2.99% |
| FCUS | Pinnacle Focused Opportunities ETF | 2.54% |
| DARP | Grizzle Growth ETF | 2.19% |
| AVIE | Avantis Inflation Focused Equity ETF | 2.10% |
| Bottom Performers | ||
| MEME | Roundhill Meme Stock ETF | -4.04% |
| GK | AdvisorShares Gerber Kawasaki ETF | -2.22% |
| DVOL | First Trust Dorsey Wright Momentum & Low Volatility ETF | -2.13% |
| CWS | AdvisorShares Focused Equity ETF | -1.98% |
| DVLU | First Trust Dorsey Wright Momentum & Value ETF | -1.98% |
Mid Cap Performance
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| CCFE | Concourse Capital Focused Equity ETF | 0.96% |
| BSMC | Brandes U.S. Small-Mid Cap Value ETF | 0.77% |
| RNIN | Bushido Capital US SMID Cap Equity ETF | 0.56% |
| REV | Invesco S&P Midcap 400 Pure Value ETF | 0.30% |
| DFAT | Dimensional U.S. Targeted Value ETF | 0.29% |
| Bottom Performers | ||
| GRNJ | Fundstrat Granny Shots US Small- & Mid-Cap ETF | -2.03% |
| IPO | Renaissance IPO ETF | -1.78% |
| GLRY | Inspire Growth ETF | -1.62% |
| AMID | Argent Mid Cap ETF | -1.44% |
| XMLV | Invesco S&P MidCap Low Volatility ETF | -1.44% |
Small Cap Performance
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| SFLO | VictoryShares Small Cap Free Cash Flow ETF | 1.06% |
| IWC | iShares Micro-Cap ETF | 0.76% |
| CAFG | Pacer US Small Cap Cash Cows Growth Leaders ETF | 0.56% |
| EPSB | Harbor SMID Cap Core ETF | 0.53% |
| BSVO | EA Bridgeway Omni Small-Cap Value ETF | 0.53% |
| Bottom Performers | ||
| SCAP | Infrastructure Capital Small Cap Income ETF | -1.34% |
| ALIL | Argent Focused Small Cap ETF | -1.27% |
| MMSC | First Trust Multi-Manager Small Cap Opportunities ETF | -1.07% |
| XSHD | Invesco S&P SmallCap High Dividend Low Volatility ETF | -1.05% |
| SCDV | Bahl & Gaynor Small Cap Dividend ETF | -1.04% |
Analyzing the Weekly Flows
Total net flow for the channel this week was ($5,014M), primarily driven by a sharp rotation out of core Large Cap strategies. The U.S. Large Cap – Value category was the standout leader for inflows, gathering $2,657M to bring its total AUM to $939.1B. The U.S. Mid Cap – Blend category also showed strength with $540M in inflows, while U.S. Large Cap – Blend faced the heaviest selling pressure with ($5,796M) in weekly outflows.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| U.S. Large Cap – Value | 195 | $939.1B | $2,657M | $2,794M | $27,453M | ($424M) | $73,192M |
| U.S. Mid Cap – Blend | 68 | $387.2B | $540M | $1,944M | $9,060M | $800M | $25,773M |
| U.S. Small Cap – Value | 36 | $106.1B | $196M | $264M | $1,056M | $45M | ($2,179M) |
| U.S. Mid Cap – Growth | 24 | $61.2B | ($27M) | $169M | $1,144M | ($5M) | $2,826M |
| U.S. Mid Cap – Value | 23 | $81.7B | ($32M) | $242M | $1,665M | $68M | $2,158M |
| U.S. Small Cap – Growth | 18 | $54.0B | ($283M) | ($969M) | ($524M) | ($1,070M) | ($2,135M) |
| U.S. Small Cap – Blend | 65 | $351.1B | ($329M) | ($2,132M) | $5,794M | ($1,787M) | ($3,877M) |
| U.S. Large Cap – Growth | 159 | $1,256.4B | ($1,940M) | $7,260M | $29,747M | ($107M) | $112,918M |
| U.S. Large Cap – Blend | 350 | $4,098.7B | ($5,796M) | $49,055M | $137,687M | $17,036M | $346,146M |
Top & Bottom ETFs by 5-Day Flow
Individual ETF flows reflected the category trends. In Large Cap, the Vanguard S&P 500 ETF (VOO) pulled in $3,015M, while the SPDR S&P 500 ETF Trust (SPY) shed ($10,295M). Mid Cap flows were led by the iShares Core S&P Mid-Cap ETF (IJH) with $381M, while the SPDR S&P Midcap 400 ETF Trust (MDY) saw ($162M) in outflows. For Small Caps, the iShares Core S&P Small Cap ETF (IJR) gathered $480M, while the iShares Russell 2000 ETF (IWM) lost ($592M).
Large Cap Flows
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| VOO | Vanguard S&P 500 ETF | $3,015M |
| SPYM | State Street SPDR Portfolio S&P 500 ETF | $1,499M |
| DIA | SPDR Dow Jones Industrial Average ETF Trust | $1,409M |
| VTI | Vanguard Total Stock Market ETF | $1,391M |
| RSP | Invesco S&P 500 Equal Weight ETF | $1,081M |
| Outflows | ||
| SPY | SPDR S&P 500 ETF Trust | ($10,295M) |
| QQQ | Invesco QQQ Trust Series I | ($2,350M) |
| IVV | iShares Core S&P 500 ETF | ($1,946M) |
| IWD | iShares Russell 1000 Value ETF | ($763M) |
| IWB | iShares Russell 1000 ETF | ($759M) |
Mid Cap Flows
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| IJH | iShares Core S&P Mid-Cap ETF | $381M |
| VO | Vanguard Mid-Cap ETF | $119M |
| FMDE | Fidelity Enhanced Mid Cap ETF | $113M |
| SPMD | State Street SPDR Portfolio S&P 400 Mid.. | $93M |
| SDVY | First Trust SMID Cap Rising Dividend Ach.. | $55M |
| Outflows | ||
| MDY | SPDR S&P Midcap 400 ETF Trust | ($162M) |
| IWP | iShares Russell Mid-Cap Growth ETF | ($104M) |
| CGMM | Capital Group U.S. Small and Mid Cap ETF | ($103M) |
| IWS | iShares Russell Mid-Cap Value ETF | ($88M) |
| IWR | iShares Russell Midcap ETF | ($45M) |
Small Cap Flows
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| IJR | iShares Core S&P Small Cap ETF | $480M |
| AVUV | Avantis U.S. Small Cap Value ETF | $156M |
| FESM | Fidelity Enhanced Small Cap ETF | $105M |
| USVM | VictoryShares US Small Mid Cap Value Mome.. | $58M |
| DFSV | Dimensional US Small Cap Value ETF | $35M |
| Outflows | ||
| IWM | iShares Russell 2000 ETF | ($592M) |
| VB | Vanguard Small-Cap ETF | ($361M) |
| DWAS | Invesco Dorsey Wright Small Cap Momentum E.. | ($253M) |
| IWO | iShares Russell 2000 Growth ETF | ($139M) |
| RSSL | Global X Russell 2000 ETF | ($46M) |
Issuer League Table Update
The competitive landscape remains dominated by Vanguard and iShares, which together control over 60% of the channel’s AUM. Vanguard was the clear weekly winner for asset gathering, netting $4,912M in new flows. Conversely, top issuer SPDR saw the largest weekly outflows at ($7,944M), while iShares followed with ($3,813M) in net redemptions.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| Vanguard | 41 | $2,513.76B | 34.27% |
| iShares | 81 | $2,016.75B | 27.49% |
| SPDR | 30 | $1,048.03B | 14.29% |
| Invesco | 69 | $691.20B | 9.42% |
| Schwab | 12 | $320.72B | 4.37% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| Vanguard | $4,912M |
| Capital Group | $709M |
| Fidelity | $584M |
| Outflows | |
| SPDR | ($7,944M) |
| iShares | ($3,813M) |
| Invesco | ($1,175M) |
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.
