Vanguard’s VOO Gains $23B as iShares’ IVV Sees Record $31B Outflow

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Weekly Channel Summary

The U.S. Size & Style channel, encompassing 1,020 ETFs from 288 issuers, closed the week with total assets under management of $8.55 trillion. The channel saw modest net inflows of $566 million over the past five days. Year-to-date net flows remain robust at $483.2 billion, while the one-year total has reached an impressive $768.2 billion.

This Week’s Performance Leaders and Laggards

U.S. equity categories posted losses across the board this week, with small caps underperforming their larger counterparts. U.S. Large Cap – Growth was the most resilient category, declining by only 0.70%. In contrast, U.S. Small Cap – Growth experienced the steepest drop, falling 2.39% for the week. Despite the weekly downturn, U.S. Small Cap – Value remains the year-to-date performance leader with a gain of 20.19%.

Category Performance Snapshot

Category WTD 1 Month 3 Month 6 Month YTD 1 Year
U.S. Large Cap – Growth -0.70% -0.77% 1.41% 15.45% 12.28% 17.17%
U.S. Large Cap – Blend -0.86% -1.01% 3.74% 13.30% 12.61% 17.12%
U.S. Large Cap – Value -1.16% -0.97% 4.78% 13.08% 18.20% 22.31%
U.S. Mid Cap – Growth -1.55% -4.46% -1.20% 8.37% 8.08% 4.24%
U.S. Mid Cap – Value -1.75% -2.54% 2.83% 11.61% 15.79% 16.93%
U.S. Mid Cap – Blend -1.78% -3.55% 0.54% 10.62% 13.60% 13.50%
U.S. Small Cap – Value -1.94% -2.41% 2.04% 14.84% 20.19% 21.88%
U.S. Small Cap – Blend -2.22% -3.96% 0.06% 13.90% 17.54% 19.29%
U.S. Small Cap – Growth -2.39% -5.62% -2.12% 12.21% 14.98% 16.07%

Top & Bottom 5 ETFs by Weekly Performance

A few funds managed to post gains against the broader market decline, led by the Pinnacle Focused Opportunities ETF (FCUS), which rose 2.64%. Other notable gainers included the Strategas Macro Momentum ETF (SAMM), up 2.38% for the week. On the other end of the spectrum, the ETRACS IFED Invest with the Fed TR Index ETN (IFED) was the worst performer, shedding 7.43%.

Ticker Fund Name WTD Performance
Top Performers
FCUS Pinnacle Focused Opportunities ETF 2.64%
SAMM Strategas Macro Momentum ETF 2.38%
SGRT SMART Earnings Growth 30 ETF 1.89%
RVER Trenchless Fund ETF 1.79%
AIX Defiance US 100 Tech AI Moat ETF 1.43%
Bottom Performers
IFED ETRACS IFED Invest with the Fed TR Index ETN due September 15, 2061 -7.43%
SMLL Harbor Active Small Cap ETF -4.47%
AKRE Akre Focus ETF -4.32%
ABLS Abacus FCF Small Cap Leaders ETF -4.06%
TSCM TimesSquare Quality Mid Cap Growth ETF -3.98%

Analyzing the Weekly Flows

The U.S. Size & Style channel recorded a modest net inflow of $566 million for the week, masking significant rotational activity between categories. U.S. Large Cap – Value funds were the clear favorite, attracting nearly $2.6 billion in new assets. This was starkly contrasted by the U.S. Large Cap – Blend category, which experienced the largest outflows, shedding over $4.2 billion.

Category Flows Summary

Category Fund Count AUM 5 Day 30 Day 90 Day YTD 1 Year
U.S. Large Cap – Value 206 $1,125.21B $2,588M $14,492M $36,440M $73,385M $109,619M
U.S. Large Cap – Growth 174 $1,471.06B $930M $8,051M $29,833M $73,450M $122,939M
U.S. Mid Cap – Blend 70 $442.10B $795M $4,562M $9,640M $30,285M $41,288M
U.S. Small Cap – Value 40 $125.35B $546M $1,626M $3,918M $8,744M $10,086M
U.S. Small Cap – Blend 69 $383.11B $95M $1,360M $4,816M $4,987M $14,860M
U.S. Mid Cap – Growth 29 $63.06B $81M -$248M -$23M $292M $1,982M
U.S. Small Cap – Growth 22 $59.10B -$11M $522M $1,461M $1,595M $2,311M
U.S. Mid Cap – Value 26 $89.00B -$231M $94M $341M $1,007M $2,642M
U.S. Large Cap – Blend 384 $4,790.48B -$4,227M $13,693M $100,536M $289,504M $462,424M

Top & Bottom 5 ETFs by 5-Day Flow

Fund flows were dominated by a massive rotation within S&P 500 ETFs, resulting in the week’s largest individual movements. The Vanguard S&P 500 ETF (VOO) led all funds, pulling in an impressive $23.4 billion. Conversely, the iShares Core S&P 500 ETF (IVV) saw a historic outflow of $31.1 billion, while the State Street SPDR Portfolio S&P 500 ETF (SPYM) also shed $4.9 billion.

Ticker Fund Name 5-Day Flow
Inflows
VOO Vanguard S&P 500 ETF $23,376M
SPY State Street SPDR S&P 500 ETF $4,506M
VTI Vanguard Morningstar Total Stock Market ETF $1,368M
SCHD Schwab US Dividend Equity ETF $711M
AVUV Avantis U.S. Small Cap Value ETF $543M
Outflows
IVV iShares Core S&P 500 ETF -$31,107M
SPYM State Street SPDR Portfolio S&P 500 ETF -$4,947M
QQQ Invesco QQQ Trust Series I -$589M
IWM iShares Russell 2000 ETF -$232M
DFAT Dimensional U.S. Targeted Value ETF -$176M

Issuer League Table Update

The issuer league table reflects the week’s dramatic fund-level rotation, with Vanguard and iShares continuing to dominate market share at 34.6% and 25.8%, respectively. Vanguard was the week’s biggest winner, attracting over $25.8 billion in net inflows, largely driven by its flagship S&P 500 fund. In a mirror image, iShares experienced the largest outflows of any issuer, with redemptions totaling more than $30.2 billion.

Top 5 Issuers by AUM

Brand Fund Count AUM AUM Market Share
Vanguard 41 $2,960.95B 34.64%
iShares 82 $2,201.51B 25.75%
SPDR 28 $1,231.75B 14.41%
Invesco 68 $835.57B 9.77%
Schwab 11 $386.08B 4.52%

Top & Bottom 3 Issuers by 5-Day Flow

Brand 5-Day Flow
Inflows
Vanguard $25,830M
Avantis $1,195M
Schwab $1,050M
Outflows
iShares -$30,227M
SPDR -$123M
Bahl & Gaynor -$100M

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.