Vanguard Dominates With Billions as Major Large-Cap ETFs See Redemptions

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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 $5.96B inflow, continuing a strong period that has seen it attract $22.15B over the past five days and $391.13B year-to-date. Schwab and JPMorgan also posted solid gains, adding $438.9M and $370.8M, respectively. In stark contrast, Invesco experienced the day’s largest outflows at ($4.61B), followed by iShares with ($3.43B) and SPDR with ($1.39B) in redemptions. On a relative basis, Aristotle stood out with a daily inflow of $60.0M, representing over 81% of its total assets.

Issuer Flows (Absolute)

Brand AUM 1 Day 5 Day 30 Day YTD 1 Year
Top 5 Leaders
Vanguard $4,670.72B $5.96B $22.15B $62.47B $391.13B $574.66B
Schwab $617.43B $438.9M $1.83B $10.63B $52.43B $68.34B
JPMorgan $347.01B $370.8M $1.93B $6.90B $55.60B $82.56B
Janus Henderson $46.07B $238.6M $440.8M $1.21B $7.82B $8.12B
PGIM $38.31B $194.3M $837.7M $2.45B $15.45B $19.43B
Top 5 Laggards
Invesco $991.67B ($4.61B) ($674.7M) $18.41B $73.10B $108.92B
iShares $4,652.99B ($3.43B) ($14.76B) $262.1M $251.40B $444.85B
SPDR $2,053.64B ($1.39B) ($1.17B) $9.29B $95.77B $148.48B
Direxion $63.03B ($263.1M) ($295.8M) ($2.56B) ($10.69B) ($20.34B)
Defiance $10.79B ($150.4M) ($14.8M) $305.6M $4.56B $7.57B

Issuer Flows (Relative to AUM)

Brand AUM 1 Day Flow 1 Day Flow % of AUM
Top 5 Leaders
Aristotle $73.9M $60.0M 81.17%
Nelson $61.1M $5.6M 9.15%
21Shares $2.93B $137.9M 4.70%
Eventide $574.5M $25.4M 4.42%
Burney $1.28B $56.6M 4.41%
Top 5 Laggards
Measured Risk Portfolios $282.9M ($35.2M) (12.43%)
Longview (may be the result of a custom rebalance) $917.1M ($113.5M) (12.38%)
The Brinsmere Funds $746.9M ($78.4M) (10.49%)
T-Rex $2.58B ($119.4M) (4.64%)
REX-Osprey $152.4M ($6.7M) (4.37%)

Daily ETF Flow Analysis

The ETF market recorded a net outflow of ($551.4M), a reversal from the positive trends seen over the past week ($20.95B) and month ($172.83B). This was driven by a significant ($4.77B) redemption from Equity funds, which overshadowed strong demand for other asset classes. Fixed Income products attracted $3.28B in new assets, while Digital Asset funds had a standout day, gathering $757.6M. The category-level view shows U.S. Large Cap – Value leading with $1.16B in creations, while U.S. Large Cap – Growth saw the heaviest redemptions at ($4.44B).

Asset Class Flows

Asset Class AUM 1 Day 1 Week 1 Month YTD 1 Year
Equity $12,621.73B ($4.77B) ($626.0M) $80.39B $869.26B $1,308.83B
Fixed Income $2,666.08B $3.28B $13.38B $62.75B $444.44B $621.10B
Commodity $347.66B $118.9M $2.39B $11.48B $6.17B $31.96B
Alternative $14.01B ($5.8M) $76.9M $316.0M $4.14B $5.03B
Multi-Asset $44.89B ($42.3M) $2.61B $3.92B $11.52B $15.41B
Currency $2.58B $0 ($9.0M) ($275.9M) $302.5M $299.0M
Non-Traditional $497.45B $108.8M $2.21B $7.88B $74.52B $98.25B
Digital Asset $119.60B $757.6M $916.6M $6.37B $871.7M $5.40B
Total $16,314.00B ($551.4M) $20.95B $172.83B $1,411.22B $2,086.26B

Category Flows (Top/Bottom 10)

Category AUM 1 Day Flow
Top 10 Leaders
Equity: U.S. Large Cap – Value $1,138.12B $1.16B
Fixed Income: Taxable – Government Ultrashort $280.42B $996.8M
Fixed Income: Taxable – Short-Term $171.31B $938.2M
Digital Asset: Cryptocurrency – Bitcoin $99.00B $664.7M
Fixed Income: Taxable – Ultrashort $208.69B $567.0M
Equity: U.S. Small Cap – Blend $389.21B $438.3M
Equity: Sector – Financials $102.99B $384.5M
Non-Traditional: Synthetic Income – Equity $203.40B $331.1M
Equity: U.S. Mid Cap – Blend $447.36B $330.7M
Fixed Income: Taxable – Core $426.88B $285.1M
Bottom 10 Laggards
Equity: U.S. Large Cap – Growth $1,477.44B ($4.44B)
Equity: U.S. Large Cap – Blend $4,840.59B ($2.17B)
Equity: Sector – Industrial $85.03B ($608.0M)
Non-Traditional: Leverage | Inverse – Single Stock $33.20B ($476.9M)
Fixed Income: Taxable – Corporate $179.71B ($459.0M)
Equity: Sector – Information Technology $485.33B ($353.4M)
Equity: Region – Country Specific $198.51B ($323.4M)
Fixed Income: Taxable – Government Long $131.71B ($145.1M)
Equity: Thematic – Disruptive Tech $108.60B ($144.2M)
Fixed Income: Taxable – Emerging USD $25.62B ($113.1M)

U.S. Size & Style

A major divergence occurred in U.S. large-cap funds, with the Vanguard S&P 500 ETF (VOO) single-handedly attracting a massive $4.39B. Other notable gainers included the State Street SPDR Dow Jones Industrial Average ETF Trust (DIA) with $510.1M and the Vanguard Morningstar Total Stock Market ETF (VTI) with $475.9M. Conversely, several of the largest ETFs faced substantial redemptions, led by the Invesco QQQ Trust Series I (QQQ) shedding ($4.74B). The iShares Core S&P 500 ETF (IVV) and State Street SPDR S&P 500 ETF (SPY) also saw significant outflows of ($4.43B) and ($2.36B), respectively.

Ticker Name AUM 1 Day Flow
Top 5 Leaders
VOO Vanguard S&P 500 ETF $1,057.50B $4.39B
DIA State Street SPDR Dow Jones Industrial Average ETF Trust $45.60B $510.1M
VTI Vanguard Morningstar Total Stock Market ETF $685.14B $475.9M
IJR iShares Core S&P Small Cap ETF $108.84B $246.2M
SCHD Schwab US Dividend Equity ETF $113.05B $175.3M
Top 5 Laggards
QQQ Invesco QQQ Trust Series I $483.89B ($4.74B)
IVV iShares Core S&P 500 ETF $868.95B ($4.43B)
SPY State Street SPDR S&P 500 ETF $808.73B ($2.36B)
SPYM State Street SPDR Portfolio S&P 500 ETF $168.56B ($609.7M)
DFAL Dimensional US Large Cap Core Equity Market ETF $1.76B ($121.0M)

Explore the U.S. Size & Style Explorer →

Size & Style ex-U.S.

Flows in international equity were relatively subdued, with modest creations leading the way. The Vanguard FTSE Developed Markets ETF (VEA) was the top asset gatherer, bringing in $74.2M. The American Century Quality Diversified International ETF (QINT) also saw positive interest with a $47.5M inflow. On the other side of the ledger, the iShares Core MSCI Total International Stock ETF (IXUS) experienced the largest redemption in the category, with an outflow of ($118.0M).

Ticker Name AUM 1 Day Flow
Top 5 Leaders
VEA Vanguard FTSE Developed Markets ETF $236.96B $74.2M
QINT American Century Quality Diversified International ETF $782.3M $47.5M
AVDV Avantis International Small Cap Value ETF $20.38B $34.1M
JIVE JPMorgan International Value ETF $3.90B $29.9M
DFIV Dimensional International Value ETF $22.18B $26.5M
Top 5 Laggards
IXUS iShares Core MSCI Total International Stock ETF $60.45B ($118.0M)
TDI Touchstone Dynamic International ETF $491.2M ($35.4M)
JHEM John Hancock Multifactor Emerging Markets ETF $1.03B ($8.0M)
SSXU Strategy Shares Day Hagan Smart Sector International ETF $48.8M ($2.9M)
PIE Invesco Dorsey Wright Emerging Markets Momentum ETF $252.9M ($1.7M)

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

Sector & Industry

Financials were the most favored sector, with the State Street Financial Select Sector SPDR ETF (XLF) attracting $313.2M. The State Street SPDR S&P Retail ETF (XRT) saw a notable inflow of $156.1M (may be the result of a custom rebalance). Industrials faced the heaviest selling pressure, as the State Street Industrial Select Sector SPDR ETF (XLI) shed ($349.1M). Technology also saw outflows, with the iShares Semiconductor ETF (SOXX) losing ($226.1M).

Ticker Name AUM 1 Day Flow
Top 5 Leaders
XLF State Street Financial Select Sector SPDR ETF $54.58B $313.2M
XRT State Street SPDR S&P Retail ETF (may be the result of a custom rebalance) $280.9M $156.1M
XLP State Street Consumer Staples Select Sector SPDR ETF $14.62B $102.3M
IEO iShares U.S. Oil & Gas Exploration & Production ETF $631.1M $83.8M
IYR iShares U.S. Real Estate ETF $4.31B $77.2M
Top 5 Laggards
XLI State Street Industrial Select Sector SPDR ETF $31.77B ($349.1M)
SOXX iShares Semiconductor ETF $41.33B ($226.1M)
RSPN Invesco S&P 500 Equal Weight Industrials ETF $995.4M ($183.9M)
IXN iShares Global Tech ETF $9.48B ($176.9M)
XLV State Street Health Care Select Sector SPDR ETF $45.00B ($112.6M)

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Region & Country

Activity in region and country-specific ETFs was minimal, with no fund seeing inflows or outflows greater than $100M. The State Street SPDR S&P China ETF (GXC) was the top gainer with a small $8.9M inflow. The largest redemptions were concentrated in Japan-focused funds, as the iShares MSCI Japan ETF (EWJ) and the iShares Currency Hedged MSCI Japan ETF (HEWJ) lost ($58.8M) and ($58.3M), respectively. The iShares MSCI United Kingdom ETF (EWU) also saw outflows of ($43.8M).

Ticker Name AUM 1 Day Flow
Top 5 Leaders
GXC State Street SPDR S&P China ETF $466.6M $8.9M
EWZS iShares MSCI Brazil Small-Cap ETF $230.2M $6.1M
FJP First Trust Japan AlphaDEX Fund $258.8M $3.9M
KWEB KraneShares CSI China Internet ETF $4.95B $576.7K
VPL Vanguard FTSE Pacific ETF $8.52B $136.3K
Top 5 Laggards
EWJ iShares MSCI Japan ETF $23.04B ($58.8M)
HEWJ iShares Currency Hedged MSCI Japan ETF $773.8M ($58.3M)
EWU iShares MSCI United Kingdom ETF $3.78B ($43.8M)
EWL iShares MSCI Switzerland ETF $2.42B ($39.7M)
EWW iShares MSCI Mexico ETF $1.79B ($30.8M)

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Thematic

Infrastructure-focused funds led thematic inflows, with the Global X U.S. Infrastructure Development ETF (PAVE) collecting $219.5M. Large-cap tech themes also proved popular, as the Roundhill Magnificent Seven ETF (MAGS) added $129.5M and the ARK Innovation ETF (ARKK) brought in $113.3M. The largest thematic outflow came from the Roundhill Memory ETF (DRAM), which saw redemptions totaling ($239.2M).

Ticker Name AUM 1 Day Flow
Top 5 Leaders
PAVE Global X U.S. Infrastructure Development ETF $13.48B $219.5M
MAGS Roundhill Magnificent Seven ETF $4.16B $129.5M
ARKK ARK Innovation ETF $6.22B $113.3M
ALAI Alger AI Enablers & Adopters ETF $1.13B $77.2M
ITB iShares U.S. Home Construction ETF $2.25B $46.8M
Top 5 Laggards
DRAM Roundhill Memory ETF $25.41B ($239.2M)
EMLP First Trust North American Energy Infrastructure Fund $4.26B ($77.3M)
COPX Global X Copper Miners ETF $8.10B ($69.4M)
XTL State Street SPDR S&P Telecom ETF $584.6M ($26.1M)
ICLN iShares Global Clean Energy ETF $2.03B ($17.6M)

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Fixed Income

Short-duration strategies dominated fixed income flows, led by the State Street SPDR Portfolio Short Term Corporate Bond ETF (SPSB) with a $575.4M inflow. Ultrashort government debt was also in favor, with the State Street SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) and iShares 0-3 Month Treasury Bond ETF (SGOV) adding $387.6M and $281.2M, respectively. Conversely, investment-grade corporate bonds saw the largest redemptions, as the iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) lost ($495.7M). The Longview Advantage Fixed Income ETF (LVIG) shed ($113.5M) (may be the result of a custom rebalance).

Ticker Name AUM 1 Day Flow
Top 5 Leaders
SPSB State Street SPDR Portfolio Short Term Corporate Bond ETF $10.49B $575.4M
BIL State Street SPDR Bloomberg 1-3 Month T-Bill ETF $46.52B $387.6M
SGOV iShares 0-3 Month Treasury Bond ETF $107.18B $281.2M
BND Vanguard Total Bond Market ETF $162.53B $251.7M
JAAA Janus Henderson AAA CLO ETF $30.37B $222.4M
Top 5 Laggards
LQD iShares iBoxx $ Investment Grade Corporate Bond ETF $31.11B ($495.7M)
IEF iShares 7-10 Year Treasury Bond ETF $42.06B ($129.2M)
LVIG Longview Advantage Fixed Income ETF (may be the result of a custom rebalance) $226.9M ($113.5M)
EMB iShares JP Morgan USD Emerging Markets Bond ETF $14.67B ($113.1M)
TLT iShares 20+ Year Treasury Bond ETF $46.96B ($57.4M)

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

Commodity

Commodity funds saw net inflows of $118.9M, with energy-focused products leading the way. The United States Oil Fund LP (USO) gathered $70.8M, while the broad-based Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) added $53.4M. Precious metals saw mixed activity, as the iShares Silver Trust (SLV) gained $41.5M. However, the category’s largest outflow came from SPDR Gold Shares (GLD), which experienced redemptions of ($204.8M).

Ticker Name AUM 1 Day Flow
Top 5 Leaders
USO United States Oil Fund LP $1.60B $70.8M
PDBC Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF $7.43B $53.4M
SLV iShares Silver Trust $31.37B $41.5M
HGER Harbor Commodity All-Weather Strategy ETF $4.50B $39.2M
GLDM SPDR Gold Minishares Trust of beneficial interest $31.83B $35.3M
Top 5 Laggards
GLD SPDR Gold Shares $148.38B ($204.8M)
CPER United States Copper Index Fund $733.9M ($8.0M)
BWET Breakwave Tanker Shipping ETF $103.0M ($7.3M)
BNO United States Brent Oil Fund LP $653.5M ($5.6M)
DBC Invesco DB Commodity Index Tracking Fund $1.88B ($4.8M)

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Cryptocurrency

Digital asset ETFs had a very strong session, pulling in a collective $757.6M. Bitcoin-tracking funds were the primary drivers of this activity, with the iShares Bitcoin Trust ETF (IBIT) leading all ETFs on the day with a $454.0M inflow. The ARK 21Shares Bitcoin ETF (ARKB) also posted a significant gain of $137.7M. Ethereum products contributed to the positive flows as well, with the iShares Ethereum Trust ETF (ETHA) adding $72.1M.

Ticker Name AUM 1 Day Flow
Top 5 Leaders
IBIT iShares Bitcoin Trust ETF $60.13B $454.0M
ARKB ARK 21Shares Bitcoin ETF $2.62B $137.7M
ETHA iShares Ethereum Trust ETF $8.31B $72.1M
BTC Grayscale Bitcoin Mini Trust ETF $4.82B $48.8M
BITB Bitwise Bitcoin ETF Trust $2.92B $24.8M
Top 5 Laggards
HODL VanEck Bitcoin ETF $1.17B ($19.6M)
ETHE Grayscale Ethereum Staking ETF $1.79B ($6.1M)
BTCW WisdomTree Bitcoin Fund $167.3M ($5.2M)
XRPR REX-Osprey XRP ETF $52.6M ($4.2M)
SSK REX-Osprey SOL + Staking ETF $88.6M ($2.5M)

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Non-Traditional

Leveraged long strategies saw the most demand within the non-traditional category, as the ProShares UltraPro QQQ (TQQQ) attracted $259.3M. The 2x Ether ETF (ETHU) also saw a notable inflow of $97.5M. On the other hand, inverse and single-stock leveraged funds experienced redemptions. The ProShares UltraPro Short QQQ (SQQQ) recorded the largest outflow at ($111.2M), followed by the Direxion Daily TSLA Bull 2X ETF (TSLL) with a ($90.7M) loss.

Ticker Name AUM 1 Day Flow
Top 5 Leaders
TQQQ ProShares UltraPro QQQ $34.52B $259.3M
ETHU 2x Ether ETF $1.04B $97.5M
QQQI NEOS Nasdaq 100 High Income ETF $14.10B $76.5M
ACYN FT Vest Laddered Autocallable Barrier & Income ETF $1.85B $47.3M
JEPI JPMorgan Equity Premium Income ETF $46.02B $33.0M
Top 5 Laggards
SQQQ ProShares UltraPro Short QQQ $2.17B ($111.2M)
TSLL Direxion Daily TSLA Bull 2X ETF $3.56B ($90.7M)
FAS Direxion Daily Financial Bull 3X ETF $2.35B ($65.3M)
MSTU T-Rex 2X Long MSTR Daily Target ETF $501.6M ($55.4M)
TECL Direxion Daily Technology Bull 3X ETF $5.59B ($50.4M)

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

Recent Launches

The Raub Brock Dividend Growth ETF (HQDG) was the newest fund to hit the market, launching on the day of this report. Other recent debuts include products from issuers such as T. Rowe Price, PGIM, and Mast. Among funds launched in the past week, the State Street SPDR UC Investments 90/10 Endowment Strategy Index ETF (UCBG) stands out for having already accumulated $2.51B in assets under management.

Ticker Name ETF Action Category Inception AUM
HQDG Raub Brock Dividend Growth ETF Unclassified 9/4/2026 $0
SKHQ Leverage Shares 2X Short Sk Hynix Daily ETF Non-Traditional: Leverage | Inverse – Single Stock 9/2/2026 $150.0K
TSCZ T. Rowe Price Securitized Income ETF Fixed Income: Taxable – Securitized 9/2/2026 $1.2M
HXF Mast HedgeIndex Managed Futures Strategy ETF Alternative: Absolute Return – Managed Futures 9/1/2026 $62.9M
DIVH Integrity Dividend Harvest ETF Equity: U.S. Large Cap – Value 9/1/2026 $251.3K
PJSM PGIM Jennison Small-Mid Cap Core Equity ETF Equity: U.S. Mid Cap – Blend 9/1/2026 $5.0M
UCBG State Street SPDR UC Investments 90/10 Endowment Strategy Index ETF Asset Allocation: Target Risk – Aggressive 9/1/2026 $2.51B
PJIN PGIM Jennison International Core Equity ETF Unclassified 9/1/2026 $5.0M
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

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 04, 2026, and reflects create/redeem activity from Friday, September 04, 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.