SPDR and Invesco Lead Billions into Large-Caps as Thematic ETFs Shed Assets

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Issuer League Tables

Note on Flow Volatility: Daily flow outliers may be driven by specialized portfolio rebalancing. With the continued growth of actively managed ETFs, these events occur with greater frequency and often do not align with traditional, scheduled index rebalance dates.

SPDR led all issuers with a formidable $8.69B inflow, building on its strong 30-day trend of $20.07B and pushing its year-to-date total to $74.59B. Invesco also had a strong session, attracting $3.25B, which reversed a recent 5-day outflow of ($1.25B) and added to its $11.93B 30-day total. On the other end of the spectrum, ARK experienced a massive ($3.33B) redemption day, erasing its 30-day flow figure and deepening its year-to-date deficit to ($415.4M). JPMorgan also saw significant outflows of ($790.5M), a departure from its positive 5-day and 30-day collection trends.

Issuer Flows (Absolute)

Brand AUM 1 Day 5 Day 30 Day YTD 1 Year
Top 5 Leaders
SPDR $1,988.51B $8.69B $6.55B $20.07B $74.59B $139.97B
Invesco $968.77B $3.25B ($1.25B) $11.93B $54.72B $97.66B
Vanguard $4,504.50B $1.08B $9.82B ($15.69B) $288.60B $532.20B
Direxion $69.55B $832.9M $2.06B $377.9M ($11.31B) ($26.24B)
Fidelity $174.45B $801.2M $1.16B $4.03B $18.72B $35.12B
Top 5 Laggards
ARK $13.76B ($3.33B) $289.4M ($3.37B) ($415.4M) ($776.4M)
JPMorgan $327.86B ($790.5M) $1.13B $6.65B $40.82B $75.17B
GraniteShares $11.34B ($112.5M) ($945.9M) ($634.3M) ($425.3M) $1.67B
SEI $7.37B ($59.9M) $34.3M $140.2M $1.03B $2.15B
WisdomTree $99.52B ($52.3M) $154.9M $856.7M $4.07B $2.17B

Issuer Flows (Relative to AUM)

Brand AUM 1 Day Flow 1 Day Flow % of AUM
Top 5 Leaders
ADRhedged (may be the result of a custom rebalance) $154.1M $120.3M 78.11%
Militia $346.5M $23.1M 6.67%
Weitz $251.2M $11.9M 4.72%
Adaptiv $183.0M $7.8M 4.25%
North Square $214.5M $8.6M 3.99%
Top 5 Laggards
ARK $13.76B ($3.33B) (24.19%)
Parnassus Investments $197.9M ($8.5M) (4.32%)
GQG Partners $590.1M ($19.4M) (3.28%)
GraniteShares $11.34B ($112.5M) (0.99%)
SEI $7.37B ($59.9M) (0.81%)

Daily ETF Flow Analysis

The ETF market recorded a total net inflow of $13.04B, bringing the year-to-date total to over $1.12 trillion. Equity funds were the primary driver, collecting $10.63B, followed by Non-Traditional funds with $1.32B and Fixed Income with $1.07B. U.S. Large Cap Blend ($8.20B) and U.S. Large Cap Growth ($2.95B) were the dominant categories for inflows. Conversely, Digital Assets saw the largest asset-class outflow at ($441.9M), while Thematic equity categories suffered heavy redemptions, including Multi-Sector (($1.80B)) and Industrial Revolution (($1.09B)).

Asset Class Flows

Asset Class AUM 1 Day 1 Week 1 Month YTD 1 Year
Equity $12,220.06B $10.63B $26.84B $147.92B $722.92B $1,270.25B
Fixed Income $2,602.54B $1.07B $12.43B $58.88B $353.65B $596.77B
Commodity $306.40B $442.7M $59.4M ($3.58B) ($7.74B) $26.95B
Alternative $12.88B $7.6M $97.1M $149.0M $3.24B $5.34B
Multi-Asset $39.74B $15.0M ($15.9M) $699.4M $7.04B $12.07B
Currency $2.92B $3.3M ($40.4M) ($20.1M) $628.9M $182.9M
Non-Traditional $489.75B $1.32B $2.93B $15.07B $54.66B $85.70B
Digital Asset $90.01B ($441.9M) ($493.3M) ($2.73B) ($6.47B) $9.38B
Total $15,764.31B $13.04B $41.81B $216.38B $1,127.93B $2,006.65B

Category Flows (Top/Bottom 10)

Category AUM 1 Day Flow
Top 10 Leaders
Equity: U.S. Large Cap – Blend $4,697.17B $8.20B
Equity: U.S. Large Cap – Growth $1,450.05B $2.95B
Equity: Sector – Information Technology $490.90B $1.36B
Non-Traditional: Leverage | Inverse – Equity $135.98B $764.5M
Fixed Income: Taxable – Government Long $130.69B $547.2M
Equity: Global Ex-U.S. Large Cap – Blend $1,123.18B $524.2M
Equity: Global Ex-U.S. Large Cap – Value $142.40B $514.3M
Commodity: Focused – Precious Metals $274.82B $452.2M
Equity: Region – Country Specific $182.29B $451.2M
Fixed Income: Taxable – Government Ultrashort $265.93B $447.6M
Bottom 10 Laggards
Equity: Thematic – Multi-Sector $30.55B ($1.80B)
Equity: Thematic – Industrial Revolution $20.01B ($1.09B)
Equity: Thematic – Disruptive Tech $106.73B ($860.1M)
Digital Asset: Cryptocurrency – Bitcoin $76.89B ($424.7M)
Fixed Income: Taxable – High Yield $115.16B ($378.8M)
Equity: Sector – Financials $102.08B ($289.8M)
Equity: Sector – Real Estate $96.30B ($230.8M)
Equity: U.S. Small Cap – Blend $390.54B ($204.9M)
Fixed Income: Taxable – Corporate $181.43B ($158.8M)
Fixed Income: Taxable – Short-Term $166.54B ($153.9M)

U.S. Size & Style

U.S. large-cap funds saw significant activity, led by a massive $8.91B inflow into the State Street SPDR S&P 500 ETF (SPY). The Invesco QQQ Trust Series I (QQQ) also gathered a substantial $3.56B. In contrast, the iShares Core S&P 500 ETF (IVV) experienced the day’s largest outflow at ($1.50B). Other notable redemptions included ($524.4M) from the State Street SPDR Dow Jones Industrial Average ETF Trust (DIA) and ($469.3M) from the small-cap focused iShares Russell 2000 ETF (IWM).

Ticker Name AUM 1 Day Flow
Top 5 Leaders
SPY State Street SPDR S&P 500 ETF $783.83B $8.91B
QQQ Invesco QQQ Trust Series I $476.07B $3.56B
VTI Vanguard Total Stock Market ETF $664.71B $549.9M
VOO Vanguard S&P 500 ETF $991.00B $467.3M
SPYM State Street SPDR Portfolio S&P 500 ETF $159.81B $211.6M
Top 5 Laggards
IVV iShares Core S&P 500 ETF $885.97B ($1.50B)
DIA State Street SPDR Dow Jones Industrial Average ETF Trust $46.42B ($524.4M)
IWM iShares Russell 2000 ETF $82.38B ($469.3M)
JGRO JPMorgan Active Growth ETF $9.66B ($402.9M)
KLMN Invesco MSCI North America Climate ETF $2.34B ($369.2M)

Explore the U.S. Size & Style Explorer →

Size & Style ex-U.S.

International developed markets value exposure was a popular theme, with the iShares MSCI EAFE Value ETF (EFV) leading the category with a $436.3M inflow. Broad international exposure also saw demand, as the Schwab International Equity ETF (SCHF) collected $146.0M. The Avantis Emerging Markets Equity ETF (AVEM) was another top performer, adding $77.2M. Outflows in this category were minimal, with the largest redemption being a modest ($7.3M) from the First Trust International Equity Opportunities ETF (FPXI).

Ticker Name AUM 1 Day Flow
Top 5 Leaders
EFV iShares MSCI EAFE Value ETF $27.02B $436.3M
SCHF Schwab International Equity ETF $65.58B $146.0M
AVEM Avantis Emerging Markets Equity ETF $25.30B $77.2M
DBEF Xtrackers MSCI EAFE Hedged Equity ETF $9.09B $54.4M
HFXI NYLI FTSE International Equity Currency Neutral ETF $1.95B $51.7M
Top 5 Laggards
FPXI First Trust International Equity Opportunities ETF $307.0M ($7.3M)
SEEM SEI Select Emerging Markets Equity ETF $595.9M ($22.1K)
QUIZ Zacks Quality International ETF $85.8M ($4.4K)
SDEM Global X MSCI SuperDividend Emerging Markets ETF $44.0M ($3.7K)
VNIE Vontobel International Equity Active ETF $9.0M ($1.7K)

Explore the Global (ex-U.S.) Size & Style Explorer →

Sector & Industry

The semiconductor industry was the focal point of sector flows, with the iShares Semiconductor ETF (SOXX) attracting an impressive $1.36B. The VanEck Semiconductor ETF (SMH) also saw strong interest, adding $175.7M. On the other hand, Real Estate funds saw outflows, led by a ($192.2M) redemption from the iShares U.S. Real Estate ETF (IYR). Other notable outflows came from the Vanguard Information Technology ETF (VGT) at ($188.3M) and the State Street SPDR S&P Regional Banking ETF (KRE) at ($183.9M).

Ticker Name AUM 1 Day Flow
Top 5 Leaders
SOXX iShares Semiconductor ETF $46.00B $1.36B
XOP State Street SPDR S&P Oil & Gas Exploration & Production ETF $3.16B $181.6M
SMH VanEck Semiconductor ETF $70.28B $175.7M
XLC State Street Communication Services Select Sector SPDR ETF $22.91B $122.7M
IBB iShares Biotechnology ETF $9.35B $113.7M
Top 5 Laggards
IYR iShares U.S. Real Estate ETF $4.48B ($192.2M)
VGT Vanguard Information Technology ETF $141.22B ($188.3M)
KRE State Street SPDR S&P Regional Banking ETF $4.93B ($183.9M)
XLP State Street Consumer Staples Select Sector SPDR ETF $14.34B ($122.6M)
KBE State Street SPDR S&P Bank ETF $1.70B ($92.9M)

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Region & Country

South Korea-focused funds led regional inflows, highlighted by a $389.9M collection for the iShares MSCI South Korea ETF (EWY). Japan was another area of interest, with the Franklin FTSE Japan ETF (FLJP) adding $94.5M. Conversely, the iShares MSCI Brazil ETF (EWZ) experienced the largest country-specific outflow at ($63.8M). The First Trust Japan AlphaDEX Fund (FJP) also saw a notable redemption of ($59.2M).

Ticker Name AUM 1 Day Flow
Top 5 Leaders
EWY iShares MSCI South Korea ETF $20.29B $389.9M
FLJP Franklin FTSE Japan ETF $3.97B $94.5M
EWN iShares MSCI Netherlands ETF $551.6M $46.8M
SMIN iShares MSCI India Small Cap ETF $743.2M $14.0M
HEWJ iShares Currency Hedged MSCI Japan ETF $733.0M $12.7M
Top 5 Laggards
EWZ iShares MSCI Brazil ETF $8.97B ($63.8M)
FJP First Trust Japan AlphaDEX Fund $313.1M ($59.2M)
EEMA iShares MSCI Emerging Markets Asia ETF $840.3M ($22.4M)
FXI iShares China Large-Cap ETF $4.33B ($15.1M)
EWJV iShares MSCI Japan Value ETF $677.1M ($13.6M)

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Thematic

Thematic funds were dominated by substantial outflows, particularly from disruptive technology strategies. The ARK Innovation ETF (ARKK) shed a significant ($1.81B), leading all redemptions. The ARK Autonomous Technology & Robotics ETF (ARKQ) saw an outflow of ($1.08B) (may be the result of a custom rebalance), and the ARK Next Generation Internet ETF (ARKW) lost ($438.5M). Inflows were minimal in comparison, with the KraneShares Global Humanoid Robotics and Physical AI Index ETF (KOID) leading with just $28.6M.

Ticker Name AUM 1 Day Flow
Top 5 Leaders
KOID KraneShares Global Humanoid Robotics and Physical AI Index ETF $295.2M $28.6M
FDN First Trust Dow Jones Internet Index Fund $5.17B $27.5M
CCNR ALPS CoreCommodity Natural Resources ETF $392.2M $21.8M
GLIX Lazard Listed Infrastructure ETF $49.5M $18.8M
LOUP Innovator Deepwater Frontier Tech ETF $222.0M $18.4M
Top 5 Laggards
ARKK ARK Innovation ETF $6.60B ($1.81B)
ARKQ ARK Autonomous Technology & Robotics ETF (may be the result of a custom rebalance) $2.00B ($1.08B)
ARKW ARK Next Generation Internet ETF $1.75B ($438.5M)
JTEK JPMorgan U.S. Tech Leaders ETF $4.28B ($428.7M)
CIBR First Trust NASDAQ Cybersecurity ETF $14.35B ($27.6M)

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Fixed Income

Demand for government debt was evident, with the iShares 20+ Year Treasury Bond ETF (TLT) attracting $487.0M. At the front end of the curve, the iShares 0-3 Month Treasury Bond ETF (SGOV) gathered $236.2M, while the Aptus Deferred Income ETF (DEFR) added $132.8M (may be the result of a custom rebalance). In contrast, corporate credit funds saw outflows, as the iShares iBoxx $ High Yield Corporate Bond ETF (HYG) and the iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) shed ($262.4M) and ($224.7M), respectively.

Ticker Name AUM 1 Day Flow
Top 5 Leaders
TLT iShares 20+ Year Treasury Bond ETF $42.54B $487.0M
SGOV iShares 0-3 Month Treasury Bond ETF $98.15B $236.2M
DEFR Aptus Deferred Income ETF (may be the result of a custom rebalance) $139.2M $132.8M
EMB iShares JP Morgan USD Emerging Markets Bond ETF $14.78B $124.1M
BOXX Alpha Architect 1-3 Month Box ETF $12.81B $110.4M
Top 5 Laggards
HYG iShares iBoxx $ High Yield Corporate Bond ETF $16.40B ($262.4M)
LQD iShares iBoxx $ Investment Grade Corporate Bond ETF $35.44B ($224.7M)
VCSH Vanguard Short-Term Corporate Bond ETF $44.48B ($164.8M)
JNK State Street SPDR Bloomberg High Yield Bond ETF $7.37B ($153.2M)
AGG iShares Core U.S. Aggregate Bond ETF $138.53B ($97.8M)

Explore the related Explorers: Taxable → · Municipal → · Specialty →

Commodity

Precious metals drove inflows for the commodity complex, which gathered $442.7M on the day. The SPDR Gold Shares (GLD) led with a $259.5M inflow, followed by the iShares Silver Trust (SLV) which added $192.7M. This daily activity provides a positive counterpoint to the category’s 30-day outflow of ($3.58B). Redemptions were modest, with the Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) seeing the largest outflow at ($22.0M).

Ticker Name AUM 1 Day Flow
Top 5 Leaders
GLD SPDR Gold Shares $130.44B $259.5M
SLV iShares Silver Trust $28.07B $192.7M
UNG United States Natural Gas Fund LP $436.5M $19.8M
BCI abrdn Bloomberg All Commodity Strategy K-1 Free ETF $2.43B $14.0M
DBA Invesco DB Agriculture Fund $1.23B $11.1M
Top 5 Laggards
PDBC Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF $5.47B ($22.0M)
HGER Harbor Commodity All-Weather Strategy ETF $3.48B ($11.7M)
PDBA Invesco Agriculture Commodity Strategy No K-1 ETF $307.1M ($11.1M)
CPER United States Copper Index Fund $733.1M ($5.7M)
SDCI USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund $541.1M ($3.5M)

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Cryptocurrency

Digital asset funds experienced a day of heavy redemptions, with the category shedding a net ($441.9M). The Fidelity Wise Origin Bitcoin Fund (FBTC) led the outflows with a ($245.6M) withdrawal. The iShares Bitcoin Trust ETF (IBIT) also saw a significant redemption of ($185.5M). Bucking the trend, the Grayscale Bitcoin Mini Trust ETF (BTC) was a bright spot, attracting $53.4M in new assets.

Ticker Name AUM 1 Day Flow
Top 5 Leaders
BTC Grayscale Bitcoin Mini Trust ETF $3.56B $53.4M
HODL VanEck Bitcoin ETF $1.03B $6.1M
XRPI Volatility Shares Trust XRP ETF $89.8M $2.1M
BTRN Global X Bitcoin Trend Strategy ETF $1.5M $135
NGHT Nicholas Bitcoin and Treasuries AfterDark ETF $25.0M $0
Top 5 Laggards
FBTC Fidelity Wise Origin Bitcoin Fund $11.17B ($245.6M)
IBIT iShares Bitcoin Trust ETF $45.36B ($185.5M)
GBTC Grayscale Bitcoin Trust ETF $8.39B ($53.1M)
FETH Fidelity Ethereum Fund ETF $891.0M ($15.4M)
BHYP Bitwise Hyperliquid ETF Common Shares of Beneficial Interest $133.6M ($3.9M)

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Non-Traditional

Leveraged semiconductor funds were highly active, with the Direxion Daily Semiconductor Bull 3X ETF (SOXL) leading all inflows at $471.9M. Following the trend in its underlying market, the Direxion Daily MSCI South Korea Bull 3X ETF (KORU) also saw a large inflow of $352.0M. The STMicroelectronics NV ADRhedged (STHH) and Arm Holdings PLC ADRhedged (ARMH) added $62.4M and $57.0M, respectively (may be the result of a custom rebalance). On the other side, the Direxion Daily Semiconductor Bear 3X ETF (SOXS) saw the largest outflow at ($44.1M).

Ticker Name AUM 1 Day Flow
Top 5 Leaders
SOXL Direxion Daily Semiconductor Bull 3X ETF $22.04B $471.9M
KORU Direxion Daily MSCI South Korea Bull 3X ETF $1.54B $352.0M
STHH STMicroelectronics NV ADRhedged (may be the result of a custom rebalance) $69.4M $62.4M
ARMH Arm Holdings PLC ADRhedged (may be the result of a custom rebalance) $63.3M $57.0M
QQQI NEOS Nasdaq 100 High Income ETF $13.36B $54.8M
Top 5 Laggards
SOXS Direxion Daily Semiconductor Bear 3X ETF $1.62B ($44.1M)
MULL GraniteShares 2x Long MU Daily ETF $768.0M ($41.7M)
NVDL GraniteShares 2x Long NVDA Daily ETF $3.75B ($31.3M)
BALT Innovator Defined Wealth Shield ETF $2.68B ($24.9M)
METU Direxion Daily META Bull 2X ETF $520.5M ($19.6M)

Explore the related Explorers: Buffer → · Synthetic Income → · Leverage | Inverse →

Recent Launches

The Neuberger Quality Select ETF (NQLT), which debuted yesterday, has already accumulated $47.0M in assets. JPMorgan recently launched two funds, the JPMorgan Fundamental Data Science Large Growth ETF (LGDS) and the JPMorgan Preferred and Income Securities ETF (JPRF), which have not yet reported assets. Additionally, Corgi introduced a suite of 2x daily leveraged single-stock ETFs, including funds like the Corgi LITE 2x Daily ETF (LITC), which currently hold modest assets under management.

Ticker Name ETF Action Category Inception AUM
NQLT Neuberger Quality Select ETF Unclassified 7/13/2026 $47.0M
LGDS JPMorgan Fundamental Data Science Large Growth ETF Unclassified 7/10/2026 $0
JPRF JPMorgan Preferred and Income Securities ETF Unclassified 7/10/2026 $0
LITC Corgi LITE 2x Daily ETF Unclassified 7/10/2026 $260.0K
JOBC Corgi JOBY 2x Daily ETF Unclassified 7/10/2026 $232.8K
BNMC Corgi BMNR 2x Daily ETF Unclassified 7/10/2026 $259.5K
HOOC Corgi HOOD 2x Daily ETF Unclassified 7/10/2026 $236.0K
GEVC Corgi GEV 2x Daily ETF Unclassified 7/10/2026 $257.3K
SMRX Corgi SMR 2x Daily ETF Unclassified 7/10/2026 $250.2K
INT Corgi INTC 2x Daily ETF Unclassified 7/10/2026 $237.7K

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 July 14, 2026, and reflects create/redeem activity from Tuesday, July 14, 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.

©2026 ETF Action, Inc. All Rights Reserved. Data provided by FactSet.