Weekly Channel Summary
The U.S. Size & Style channel, encompassing 999 ETFs from 281 issuers, holds a total of $8.32 trillion in assets. The channel experienced significant net outflows of $8.87 billion over the past week, a sharp turn from recent trends. Despite the weekly withdrawal, year-to-date net flows remain robust at $400.7 billion. Over the last twelve months, investors have added a total of $751.8 billion to the channel.
This Week’s Performance Leaders and Laggards
Value-oriented strategies outperformed their growth counterparts this week amid broader market declines. U.S. Large Cap Value was the best-performing category, gaining 0.70%, while U.S. Large Cap Growth was the weakest, falling 1.50%. This divergence was also evident in smaller market caps, with Small Cap Growth declining 1.10%. Year-to-date, however, U.S. Small Cap Value remains the leader with a gain of 20.64%.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| U.S. Large Cap – Value | 0.70% | 2.68% | 7.55% | 12.04% | 16.01% | 23.72% |
| U.S. Mid Cap – Value | 0.29% | 2.51% | 6.06% | 10.85% | 16.33% | 22.57% |
| U.S. Mid Cap – Blend | 0.19% | 0.10% | 4.80% | 9.15% | 14.19% | 18.44% |
| U.S. Small Cap – Value | -0.22% | 1.95% | 6.52% | 13.29% | 20.64% | 30.44% |
| U.S. Mid Cap – Growth | -0.23% | -2.66% | 2.80% | 4.44% | 7.87% | 7.31% |
| U.S. Large Cap – Blend | -0.53% | 0.84% | 3.95% | 7.76% | 9.15% | 17.67% |
| U.S. Small Cap – Blend | -0.70% | -0.58% | 5.74% | 11.22% | 18.81% | 28.79% |
| U.S. Small Cap – Growth | -1.10% | -3.11% | 3.77% | 8.98% | 16.47% | 25.25% |
| U.S. Large Cap – Growth | -1.50% | -2.11% | 1.98% | 7.10% | 7.48% | 16.67% |
Top & Bottom 5 ETFs by Weekly Performance
The SMART Earnings Growth 30 ETF (SGRT) was the top-performing fund in the channel, returning 4.00% for the week. Reinforcing the value theme, the iShares MSCI USA Value Factor ETF (VLUE) also posted a strong gain of 2.79%. On the other end of the spectrum, the Baron First Principles ETF (RONB) was the largest decliner, shedding 5.74% of its value.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| SGRT | SMART Earnings Growth 30 ETF | 4.00% |
| VLUE | iShares MSCI USA Value Factor ETF | 2.79% |
| FLDZ | TrueShares Patriot Defense ETF | 2.72% |
| TEXX | Horizon Kinetics Texas ETF | 2.68% |
| KEAT | Keating Active ETF | 2.67% |
| Bottom Performers | ||
| RONB | Baron First Principles ETF | -5.74% |
| FDRS | Founder-Led ETF | -4.77% |
| AIUP | FINQ FIRST U.S. Large Cap AI-Managed Equity ETF | -4.45% |
| LSGR | Natixis Loomis Sayles Focused Growth ETF | -4.29% |
| FDG | American Century Focused Dynamic Growth ETF | -4.14% |
Analyzing the Weekly Flows
Investors pulled a net $8.87 billion from U.S. Size & Style ETFs, marking a significant reversal in sentiment. The outflows were concentrated in U.S. Large Cap Growth, which lost $6.35 billion, and smaller-cap blend categories. U.S. Small Cap Blend and U.S. Mid Cap Blend saw redemptions of $2.53 billion and $2.29 billion, respectively. Bucking the trend, U.S. Large Cap Blend funds attracted $2.29 billion in new assets.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| U.S. Large Cap – Blend | 378 | $4,657.71B | $2,286M | $43,750M | $171,203M | $261,657M | $475,165M |
| U.S. Large Cap – Value | 205 | $1,085.88B | $360M | $11,251M | $23,164M | $52,559M | $97,884M |
| U.S. Small Cap – Value | 38 | $123.39B | $154M | $979M | $3,588M | $6,224M | $7,705M |
| U.S. Small Cap – Growth | 21 | $60.28B | -$93M | $927M | $1,998M | $1,223M | $1,736M |
| U.S. Mid Cap – Growth | 26 | $64.29B | -$206M | -$205M | $649M | $621M | $3,304M |
| U.S. Mid Cap – Value | 25 | $89.13B | -$212M | $125M | $398M | $731M | $3,215M |
| U.S. Mid Cap – Blend | 68 | $439.99B | -$2,287M | $127M | $9,335M | $23,651M | $36,938M |
| U.S. Small Cap – Blend | 67 | $386.74B | -$2,526M | $584M | $2,039M | $2,069M | $11,126M |
| U.S. Large Cap – Growth | 171 | $1,411.63B | -$6,347M | -$6,975M | $28,994M | $51,935M | $114,772M |
Top & Bottom 5 ETFs by 5-Day Flow
A dramatic rotation occurred among the largest S&P 500 ETFs, driving the week’s fund-level flows. The State Street SPDR S&P 500 ETF (SPY) led all funds with $3.51 billion in new assets. Conversely, the iShares Core S&P 500 ETF (IVV) experienced a massive outflow of $8.64 billion. The growth-oriented Invesco QQQ Trust Series I (QQQ) also saw heavy redemptions, with investors pulling $6.23 billion.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| SPY | State Street SPDR S&P 500 ETF | $3,506M |
| VOO | Vanguard S&P 500 ETF | $3,038M |
| VTI | Vanguard Total Stock Market ETF | $1,580M |
| SPYM | State Street SPDR Portfolio S&P 500 ETF | $1,342M |
| FV | First Trust Dorsey Wright Focus 5 ETF | $762M |
| Outflows | ||
| IVV | iShares Core S&P 500 ETF | -$8,644M |
| QQQ | Invesco QQQ Trust Series I | -$6,226M |
| IWM | iShares Russell 2000 ETF | -$2,587M |
| IWF | iShares Russell 1000 Growth ETF | -$1,473M |
| FTCS | First Trust Capital Strength ETF | -$1,435M |
Issuer League Table Update
Vanguard and iShares continue to dominate the U.S. Size & Style landscape, commanding 33.9% and 26.7% of the market share, respectively. However, iShares experienced a massive $15.2 billion net outflow for the week, the largest by a wide margin. In contrast, SPDR led all issuers with $4.1 billion in net inflows, closely followed by Vanguard which attracted $3.9 billion. Invesco also faced significant withdrawals, losing $4.9 billion over the period.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| Vanguard | 41 | $2,820.73B | 33.91% |
| iShares | 83 | $2,223.52B | 26.73% |
| SPDR | 28 | $1,215.18B | 14.61% |
| Invesco | 68 | $804.44B | 9.67% |
| Schwab | 11 | $369.12B | 4.44% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| SPDR | $4,119M |
| Vanguard | $3,852M |
| Schwab | $1,014M |
| Outflows | |
| iShares | -$15,189M |
| Invesco | -$4,860M |
| First Trust | -$554M |
For a deeper dive into these trends, access our FREE, in-depth U.S. Size & Style 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.
