Vanguard Dominates as Billions Flow to Gold and Ultrashort Bond ETFs

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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.

Vanguard led all issuers with a commanding $5.26B daily inflow, reinforcing its strong position with over $63B in 30-day net flows and $375B year-to-date. JPMorgan and Dimensional also saw healthy demand, adding $613.0M and $438.2M, respectively, continuing their consistent asset-gathering trends. On the other end of the spectrum, Invesco and iShares both experienced significant redemptions, shedding $1.38B and $1.29B on the day. VanEck’s $568.6M outflow was also notable, aligning with its negative flow trends over the past week and month.

Issuer Flows (Absolute)

Brand AUM 1 Day 5 Day 30 Day YTD 1 Year
Top 5 Leaders
Vanguard $4,654.82B $5.26B $14.01B $63.18B $375.91B $565.41B
JPMorgan $345.99B $613.0M $2.11B $7.58B $55.14B $82.82B
Dimensional $315.85B $438.2M $1.06B $4.30B $35.64B $51.50B
Schwab $616.05B $422.5M $3.06B $10.52B $51.65B $68.82B
Capital Group $159.46B $349.7M $1.08B $5.25B $42.63B $60.09B
Top 5 Laggards
Invesco $988.31B ($1.38B) $3.86B $23.84B $77.14B $111.29B
iShares $4,644.83B ($1.29B) ($2.17B) $17.15B $263.30B $462.52B
VanEck $165.00B ($568.6M) ($794.8M) ($1.66B) $13.05B $20.95B
SPDR $2,058.41B ($303.7M) $1.74B $1.77B $96.59B $144.52B
Roundhill $36.72B ($277.1M) ($811.9M) ($38.5M) $27.71B $31.47B

Issuer Flows (Relative to AUM)

Brand AUM 1 Day Flow 1 Day Flow % of AUM
Top 5 Leaders
Guggenheim $402.6M $88.9M 22.08%
Euclidean $146.9M $17.1M 11.63%
Ocean Park $100.1M $8.2M 8.19%
Meridian $1.65B $94.1M 5.70%
Tradr $4.91B $273.7M 5.57%
Top 5 Laggards
EA Series Trust $90.8M ($11.7M) (12.94%)
River1 $142.5M ($14.1M) (9.90%)
Adaptiv $178.0M ($12.8M) (7.21%)
ERShares $1.53B ($104.0M) (6.80%)
Quadratic $261.8M ($12.7M) (4.85%)

Daily ETF Flow Analysis

ETFs collectively gathered $5.45B in net new assets, though flows were uneven across asset classes. Fixed Income products were the primary drivers of the day’s activity, pulling in $3.87B, followed by a strong showing from Commodity funds which added $1.37B. In contrast, Equity ETFs experienced net outflows totaling $769.2M. The leading categories were Government Ultrashort bonds, which attracted $2.41B, and Precious Metals, which saw $1.51B in new assets, while Information Technology sector funds saw the largest redemptions at $1.08B.

Asset Class Flows

Asset Class AUM 1 Day 1 Week 1 Month YTD 1 Year
Equity $12,593.73B ($769.2M) $14.95B $95.50B $871.42B $1,315.28B
Fixed Income $2,663.55B $3.87B $12.45B $63.18B $439.14B $620.64B
Commodity $346.86B $1.37B $2.64B $12.24B $6.39B $32.82B
Alternative $13.94B ($33.1M) $48.4M $377.9M $4.08B $4.94B
Multi-Asset $42.20B $22.8M $249.7M $1.39B $8.94B $12.87B
Currency $2.57B ($4.0M) ($27.7M) ($301.7M) $302.4M $294.2M
Non-Traditional $498.29B $1.21B $2.54B $9.04B $74.97B $100.29B
Digital Asset $119.84B ($220.8M) $1.09B $5.49B $49.3M $5.06B
Total $16,280.98B $5.45B $33.94B $186.91B $1,405.29B $2,092.17B

Category Flows (Top/Bottom 10)

Category AUM 1 Day Flow
Top 10 Leaders
Fixed Income: Taxable – Government Ultrashort $279.67B $2.41B
Commodity: Focused – Precious Metals $308.97B $1.51B
Equity: U.S. Large Cap – Blend $4,831.50B $997.2M
Equity: Global Ex-U.S. Large Cap – Blend $1,181.60B $891.6M
Non-Traditional: Synthetic Income – Equity $202.89B $619.5M
Fixed Income: Taxable – Core $426.82B $556.1M
Fixed Income: Taxable – Government Short $85.61B $552.1M
Equity: U.S. Mid Cap – Blend $445.94B $505.3M
Fixed Income: Taxable – Ultrashort $208.58B $443.6M
Non-Traditional: Leverage | Inverse – Single Stock $33.27B $356.4M
Bottom 10 Laggards
Equity: Sector – Information Technology $486.42B ($1.08B)
Fixed Income: Taxable – Corporate $179.88B ($776.0M)
Equity: Sector – Consumer Discretionary $33.68B ($742.1M)
Equity: U.S. Large Cap – Growth $1,474.02B ($565.0M)
Equity: Specialty – Long | Short $13.21B ($408.8M)
Equity: Sector – Health Care $115.06B ($328.6M)
Equity: Sector – Financials $102.43B ($254.8M)
Digital Asset: Cryptocurrency – Bitcoin $98.97B ($254.4M)
Equity: Sector – Industrial $85.80B ($222.3M)
Equity: Region – Asia-Pacific Ex-Japan $18.17B ($207.9M)

U.S. Size & Style

U.S. large-cap blend funds saw significant two-way action, resulting in a net gain for the category. The Vanguard S&P 500 ETF (VOO) was the day’s top asset gatherer, pulling in an impressive $3.28B. Other broad market funds like the Vanguard Morningstar Total Stock Market ETF (VTI) and the State Street SPDR S&P MIDCAP 400 ETF Trust (MDY) also saw solid inflows of $418.4M and $356.9M. However, these gains were offset by substantial redemptions from other S&P 500 trackers, including a $1.76B outflow from the iShares Core S&P 500 ETF (IVV) and a $849.2M withdrawal from the Invesco QQQ Trust Series I (QQQ).

Ticker Name AUM 1 Day Flow
Top 5 Leaders
VOO Vanguard S&P 500 ETF $1,044.69B $3.28B
VTI Vanguard Morningstar Total Stock Market ETF $685.14B $418.4M
MDY State Street SPDR S&P MIDCAP 400 ETF Trust $26.42B $356.9M
SCHD Schwab US Dividend Equity ETF $112.33B $174.1M
DIA State Street SPDR Dow Jones Industrial Average ETF Trust $45.54B $158.3M
Top 5 Laggards
IVV iShares Core S&P 500 ETF $874.64B ($1.76B)
SPYM State Street SPDR Portfolio S&P 500 ETF $170.10B ($1.25B)
QQQ Invesco QQQ Trust Series I $482.69B ($849.2M)
PWV Invesco Large Cap Value ETF $1.88B ($474.7M)
SPY State Street SPDR S&P 500 ETF $810.36B ($380.7M)

Explore the U.S. Size & Style Explorer →

Size & Style ex-U.S.

Broad international equity funds led inflows in the ex-U.S. category, with demand concentrated in a few large products. The Vanguard Total International Stock ETF (VXUS) was the clear leader, attracting $310.1M in new assets. The Schwab International Equity ETF (SCHF) also saw healthy demand, adding $152.2M for the day. Outflows from the category were minimal and broadly distributed, with the largest redemption being a modest $18.5M from the Invesco Dorsey Wright Developed Markets Momentum ETF (PIZ).

Ticker Name AUM 1 Day Flow
Top 5 Leaders
VXUS Vanguard Total International Stock ETF $164.06B $310.1M
SCHF Schwab International Equity ETF $69.52B $152.2M
LVHI Franklin International Low Volatility High Dividend Index ETF $5.99B $83.4M
AVDE Avantis International Equity ETF $19.02B $74.3M
HEFA iShares Currency Hedged MSCI EAFE ETF $7.52B $68.0M
Top 5 Laggards
PIZ Invesco Dorsey Wright Developed Markets Momentum ETF $685.2M ($18.5M)
GVAL Cambria Global Value ETF $577.5M ($13.4M)
JHMD John Hancock Multifactor Developed International ETF $966.6M ($9.2M)
PID Invesco International Dividend Achievers ETF $900.9M ($4.1M)
NBIE Neuberger International Core Equity ETF $246.7M ($2.7M)

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

Sector & Industry

Sector flows revealed a clear rotation out of technology and consumer discretionary, while energy and real estate attracted new capital. The State Street Energy Select Sector SPDR ETF (XLE) and the Vanguard Real Estate ETF (VNQ) were the top gainers, adding $158.7M and $155.9M, respectively. Conversely, the iShares Expanded Tech-Software Sector ETF (IGV) and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) saw the largest outflows at $700.5M and $670.3M. The semiconductor industry was split, with the iShares Semiconductor ETF (SOXX) gaining $125.1M while the VanEck Semiconductor ETF (SMH) shed $436.2M.

Ticker Name AUM 1 Day Flow
Top 5 Leaders
XLE State Street Energy Select Sector SPDR ETF $41.79B $158.7M
VNQ Vanguard Real Estate ETF $38.20B $155.9M
SOXX iShares Semiconductor ETF $40.92B $125.1M
IYM iShares U.S. Basic Materials ETF $1.17B $85.2M
XLV State Street Health Care Select Sector SPDR ETF $44.21B $60.1M
Top 5 Laggards
IGV iShares Expanded Tech-Software Sector ETF $14.45B ($700.5M)
XLY State Street Consumer Discretionary Select Sector SPDR ETF $23.34B ($670.3M)
SMH VanEck Semiconductor ETF $65.97B ($436.2M)
IYH iShares U.S. Healthcare ETF $3.71B ($173.7M)
KRE State Street SPDR S&P Regional Banking ETF $4.12B ($163.4M)

Explore the Sector & Industry Explorer →

Region & Country

Japan-focused ETFs were the standout performers in the region and country category, capturing the bulk of inflows. The JPMorgan BetaBuilders Japan ETF (BBJP) led the way with a $130.8M inflow, closely followed by the iShares MSCI Japan ETF (EWJ) which added $100.0M. In contrast, broader Asia-focused funds saw significant redemptions, highlighted by a $207.9M outflow from the iShares Asia 50 ETF (AIA). European country funds also experienced outflows, with the iShares MSCI Germany ETF (EWG) losing $52.2M.

Ticker Name AUM 1 Day Flow
Top 5 Leaders
BBJP JPMorgan BetaBuilders Japan ETF $19.21B $130.8M
EWJ iShares MSCI Japan ETF $22.65B $100.0M
EWC iShares MSCI Canada ETF $6.77B $12.1M
EWP iShares MSCI Spain ETF $2.24B $4.6M
EWD iShares MSCI Sweden ETF $746.8M $3.9M
Top 5 Laggards
AIA iShares Asia 50 ETF $4.91B ($207.9M)
EWG iShares MSCI Germany ETF $1.74B ($52.2M)
EWH iShares MSCI Hong Kong ETF $1.17B ($17.0M)
BBCA JPMorgan BetaBuilders Canada ETF $11.14B ($15.7M)
EWW iShares MSCI Mexico ETF $1.78B ($15.1M)

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Thematic

Thematic fund flows were mixed, with notable activity in housing and technology-related strategies. The State Street SPDR S&P Homebuilders ETF (XHB) gathered $60.3M, while the First Trust NASDAQ Cybersecurity ETF (CIBR) added $57.7M. However, the largest flows were negative, led by a $240.0M redemption from the Roundhill Memory ETF (DRAM). Gold miners and home construction also saw outflows, with the VanEck Gold Miners ETF (GDX) and iShares U.S. Home Construction ETF (ITB) shedding $147.3M and $115.5M, respectively.

Ticker Name AUM 1 Day Flow
Top 5 Leaders
XHB State Street SPDR S&P Homebuilders ETF $1.33B $60.3M
CIBR First Trust NASDAQ Cybersecurity ETF $15.57B $57.7M
AGIX KraneShares Public-Private AI & Technology ETF $800.6M $44.4M
ALAI Alger AI Enablers & Adopters ETF $1.12B $43.9M
PAVE Global X U.S. Infrastructure Development ETF $13.35B $41.6M
Top 5 Laggards
DRAM Roundhill Memory ETF $25.41B ($240.0M)
GDX VanEck Gold Miners ETF $29.06B ($147.3M)
ITB iShares U.S. Home Construction ETF $2.16B ($115.5M)
XOVR ERShares Private-Public Crossover ETF $1.53B ($104.0M)
PEJ Invesco Leisure and Entertainment ETF $351.9M ($67.8M)

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Fixed Income

Fixed income flows were heavily concentrated at the very front end of the yield curve, with ultrashort government bond funds dominating inflows. The iShares 0-3 Month Treasury Bond ETF (SGOV) was the top asset gatherer across all ETFs, pulling in $1.80B. Other short-duration products like the iShares 1-3 Year Treasury Bond ETF (SHY) also saw strong demand, adding $456.9M. Conversely, credit-sensitive and long-duration funds faced significant redemptions, led by an $884.2M outflow from the iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) and a $311.0M withdrawal from the iShares 20+ Year Treasury Bond ETF (TLT).

Ticker Name AUM 1 Day Flow
Top 5 Leaders
SGOV iShares 0-3 Month Treasury Bond ETF $106.69B $1.80B
SHY iShares 1-3 Year Treasury Bond ETF $26.12B $456.9M
AGG iShares Core U.S. Aggregate Bond ETF $137.92B $290.3M
BIL State Street SPDR Bloomberg 1-3 Month T-Bill ETF $46.32B $280.6M
BND Vanguard Total Bond Market ETF $162.53B $201.0M
Top 5 Laggards
LQD iShares iBoxx $ Investment Grade Corporate Bond ETF $31.11B ($884.2M)
TLT iShares 20+ Year Treasury Bond ETF $46.62B ($311.0M)
VCRB Vanguard Core Bond ETF $7.48B ($174.1M)
HYG iShares iBoxx $ High Yield Corporate Bond ETF $15.54B ($174.0M)
EMB iShares JP Morgan USD Emerging Markets Bond ETF $14.67B ($131.8M)

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

Commodity

Precious metals, particularly gold, drove a strong day for the commodity asset class. The SPDR Gold Shares (GLD) saw a massive $1.40B inflow, leading the category by a wide margin. Other gold products also attracted capital, including the SPDR Gold Minishares Trust of beneficial interest (GLDM) and the Goldman Sachs Physical Gold ETF (AAAU), which added $60.3M and $55.8M. In contrast, energy and silver funds experienced outflows, with the United States Oil Fund LP (USO) shedding $168.4M and the iShares Silver Trust (SLV) losing $70.2M.

Ticker Name AUM 1 Day Flow
Top 5 Leaders
GLD SPDR Gold Shares $147.83B $1.40B
GLDM SPDR Gold Minishares Trust of beneficial interest $31.56B $60.3M
AAAU Goldman Sachs Physical Gold ETF $2.80B $55.8M
IAUM iShares Gold Trust Micro ETF of Benef Interest $7.82B $47.7M
HGER Harbor Commodity All-Weather Strategy ETF $4.48B $40.0M
Top 5 Laggards
USO United States Oil Fund LP $1.72B ($168.4M)
SLV iShares Silver Trust $31.90B ($70.2M)
BWET Breakwave Tanker Shipping ETF $103.0M ($22.4M)
PDBC Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF $7.42B ($12.4M)
CORN Teucrium Corn Fund $155.8M ($11.7M)

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Cryptocurrency

Digital asset ETFs experienced a day of net outflows totaling $220.8M, driven by redemptions from the largest Bitcoin funds. The iShares Bitcoin Trust ETF (IBIT) saw the most significant withdrawal at $201.2M, while the Fidelity Wise Origin Bitcoin Fund (FBTC) lost $43.7M. Inflows into the space were modest and spread across various altcoin and staking strategies. The Zcash ETF (ZCSH) and the iShares Staked Ethereum Trust ETF (ETHB) were the top gainers, adding just $12.6M and $11.2M, respectively.

Ticker Name AUM 1 Day Flow
Top 5 Leaders
ZCSH Zcash ETF $356.0M $12.6M
ETHB iShares Staked Ethereum Trust ETF $893.5M $11.2M
BITB Bitwise Bitcoin ETF Trust $2.92B $8.4M
XRPZ Franklin XRP ETF $368.6M $6.6M
BSOL Bitwise Solana Staking ETF $949.8M $6.2M
Top 5 Laggards
IBIT iShares Bitcoin Trust ETF $60.02B ($201.2M)
FBTC Fidelity Wise Origin Bitcoin Fund $13.51B ($43.7M)
BITO ProShares Bitcoin ETF $1.72B ($19.8M)
BITW Bitwise 10 Crypto Index ETF $689.5M ($8.1M)
ETHE Grayscale Ethereum Staking ETF $1.83B ($7.4M)

Explore the Digital Assets Explorer →

Non-Traditional

Synthetic income and buffer strategies continued to attract capital within the non-traditional category. The JPMorgan NASDAQ Equity Premium Income ETF (JEPQ) led inflows with $184.3M, while the Innovator U.S. Equity Power Buffer ETF – September (PSEP) added $151.5M. Meanwhile, leveraged equity products saw the largest redemptions for the day. The ProShares UltraPro QQQ (TQQQ) experienced the most significant outflow at $293.9M, followed by a $110.4M withdrawal from the Tradr 2X Long SNDK Daily ETF (SNXX).

Ticker Name AUM 1 Day Flow
Top 5 Leaders
JEPQ JPMorgan NASDAQ Equity Premium Income ETF $41.75B $184.3M
PSEP Innovator U.S. Equity Power Buffer ETF – September $966.3M $151.5M
JEPI JPMorgan Equity Premium Income ETF $45.92B $99.7M
MQQQ Tradr 2X Long Innovation 100 Monthly ETF $315.6M $98.8M
NEBX Tradr 2X Long NBIS Daily ETF $227.2M $76.1M
Top 5 Laggards
TQQQ ProShares UltraPro QQQ $36.24B ($293.9M)
SNXX Tradr 2X Long SNDK Daily ETF $1.74B ($110.4M)
PJUN Innovator U.S. Equity Power Buffer ETF – June $890.6M ($80.1M)
SPDN Direxion Daily S&P 500 Bear 1X ETF $218.2M ($39.1M)
NVDL GraniteShares 2x Long NVDA Daily ETF $3.74B ($38.4M)

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

Recent Launches

Among the most recent ETF launches, the Mast HedgeIndex Managed Futures Strategy ETF (HXF) debuted with a notable $63.0M in assets under management. Other new funds include the thematic Yorkville America MANGOS Plus Index ETF (FRUT) and the country-specific Defiance KSM Israel 120 ETF (ISRL). Issuers Northern Trust and Hedgeye also entered the market with new fixed income ladder and hedged Bitcoin strategies, respectively.

Ticker Name ETF Action Category Inception AUM
HXF Mast HedgeIndex Managed Futures Strategy ETF Alternative: Absolute Return – Managed Futures 9/1/2026 $63.0M
FRUT Yorkville America MANGOS Plus Index ETF Equity: Thematic – Disruptive Tech 8/31/2026 $247.7K
ISRL Defiance KSM Israel 120 ETF Equity: Region – Country Specific 8/31/2026 $1.2M
HWGV Hotchkis & Wiley Global Value Fund ETF Equity: Global Large Cap – Value 8/27/2026 $2.0M
DSPC Leverage Shares 1X Short SPCX Daily ETF Non-Traditional: Leverage | Inverse – Single Stock 8/27/2026 $147.3K
KPO Kensington Premium Opportunities ETF Non-Traditional: Synthetic Income – Equity 8/27/2026 $8.8M
MNGU MicroSectors 3x Long MANGOS+ ex Private Companies ETNs Non-Traditional: Leverage | Inverse – Equity 8/27/2026 $0
TIPH Northern Trust 2056 Inflation-Linked Distributing Ladder ETF Fixed Income: Specialty – Maturing Ladder 8/26/2026 $2.0M
HBIT Hedgeye Hedged Bitcoin ETF Digital Asset: Cryptocurrency – Bitcoin 8/26/2026 $2.0M
TIPE Northern Trust 2031 Inflation-Linked Distributing Ladder ETF Fixed Income: Specialty – Maturing Ladder 8/26/2026 $2.0M

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 September 02, 2026, and reflects create/redeem activity from Wednesday, September 02, 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.