$7.5B Added to U.S. ETFs; Russell 2000 ETF (IWM) Sees Largest Outflow

Share

Note: Flow data is reported after close on a T+1 basis. The flows in this report reflect create/redeem activity from Monday, October 27, 2025.

Market Flow Summary

The U.S. ETF market saw a total net inflow of +$7.51B. The top issuer by inflow was Vanguard, attracting +$3.12B. The top individual fund by inflow was the SPDR S&P 500 ETF Trust (SPY), which brought in +$2.50B. The issuer with the largest outflow was Invesco, with -$439.11M in net redemptions. The individual fund with the largest outflow was the iShares Russell 2000 ETF (IWM), seeing -$988.44M depart. The most notable high-velocity brand was Leverage Shares, with significant inflows relative to its AUM.

Flow Summary by Asset Class

Equity led all asset classes with +$6.20B in net inflows, followed by Non-Traditional (+$726.13M) and Fixed Income (+$729.36M). Commodity funds saw the largest outflows at -$408.15M. On a year-to-date basis, Equity remains the dominant leader, having accumulated +$572.91B.

Asset Class 1D Flow 1M Flow YTD Flow
Equity +$6.20B +$90.54B +$572.91B
Non-Traditional +$726.13M +$6.07B +$70.17B
Fixed Income +$729.36M +$54.63B +$349.19B
Digital Asset +$273.11M +$6.40B +$40.93B
Multi-Asset +$46.87M +$1.46B +$5.48B
Currency $0.00 +$10.19M +$520.93M
Alternative -$68.92M +$243.85M +$3.92B
Commodity -$408.15M +$7.76B +$45.24B

Top/Bottom Five Category Flows

At the category level, U.S. Large Cap Blend funds saw immense inflows, while Government Ultrashort funds experienced the largest redemptions.

Top 5 Category Inflows

Category 1D Flow
Equity: U.S. Large Cap – Blend +$5.56B
Equity: Global Ex-U.S. Large Cap – Blend +$697.53M
Non-Traditional: Buffer – Equity +$693.28M
Equity: Sector – Information Technology +$471.15M
Fixed Income: Taxable – Corporate +$446.07M

Bottom 5 Category Outflows

Category 1D Flow
Fixed Income: Taxable – Government Ultrashort -$1.44B
Equity: U.S. Small Cap – Blend -$1.01B
Commodity: Focused – Precious Metals -$454.29M
Equity: U.S. Large Cap – Growth -$322.90M
Fixed Income: Taxable – Ultrashort -$299.64M

ETF Issuer Flow Analysis

Vanguard led issuer inflows with +$3.12B (+0.08% of AUM). Invesco saw the largest outflows at -$439.11M (-0.06% of AUM). Leverage Shares was the top high-velocity brand, with inflows of +$70.33M representing +8.72% of its AUM.

Top 5 Brands by Inflows

Issuer Aggregate AUM 1D Flow 1D Flow as % of AUM
Vanguard $3.78T +$3.12B +0.08%
SPDR $1.78T +$1.94B +0.11%
Innovator $29.18B +$622.14M +2.18%
Capital Group $98.65B +$423.18M +0.43%
JPMorgan $264.42B +$396.12M +0.15%

Bottom 5 Brands by Outflows

Issuer Aggregate AUM 1D Flow 1D Flow as % of AUM
Invesco $791.02B -$439.11M -0.06%
BondBloxx $6.13B -$341.35M -5.27%
Direxion $60.29B -$234.23M -0.39%
Janus Henderson $38.91B -$219.98M -0.56%
WisdomTree $88.47B -$131.70M -0.15%

High-Velocity Brands

Issuer Aggregate AUM 1D Flow 1D Flow as % of AUM
Leverage Shares $877.01M +$70.33M +8.72%
Oakmark $820.26M +$58.33M +7.66%
Wedbush $1.02B +$52.77M +5.48%

Significant Single-Fund Movements

The SPDR S&P 500 ETF Trust (SPY) led inflows with +$2.50B. The iShares Russell 2000 ETF (IWM) saw the largest single-fund outflow at -$988.44M.

Largest Absolute Daily Flows (Net Flows > $250M)

Fund (Ticker) AUM 1D Flow 1D Flow as % of AUM
Inflows
SPDR S&P 500 ETF Trust (SPY) $683.24B +$2.50B +0.37%
Vanguard S&P 500 ETF (VOO) $802.36B +$1.93B +0.24%
Innovator U.S. Equity Power Buffer ETF – November (PNOV) $606.44M +$606.65M -289576.22%
Financial Select Sector SPDR Fund (XLF) $53.05B +$557.15M +1.06%
iShares Core S&P 500 ETF (IVV) $722.20B +$482.04M +0.07%
Direxion Daily S&P 500 Bull 3x Shares (SPXL) $6.27B +$296.33M +4.96%
VanEck Semiconductor ETF (SMH) $36.08B +$288.09M +0.80%
Vanguard Intermediate-Term Corporate Bond ETF (VCIT) $57.86B +$262.85M +0.46%
Capital Group Dividend Value ETF (CGDV) $24.34B +$254.96M +1.06%
Vanguard FTSE Developed Markets ETF (VEA) $185.26B +$253.60M +0.14%
Outflows
iShares Russell 2000 ETF (IWM) $69.84B -$988.44M -1.40%
iShares 0-3 Month Treasury Bond ETF (SGOV) $59.28B -$835.48M -1.39%
Invesco QQQ Trust Series I (QQQ) $402.82B -$628.23M -0.16%
SPDR Dow Jones Industrial Average ETF Trust (DIA) $42.01B -$380.34M -0.90%
Technology Select Sector SPDR Fund (XLK) $94.65B -$373.91M -0.39%
Direxion Daily TSLA Bull 2X Shares (TSLL) $8.21B -$369.12M -4.30%
Direxion Daily Semiconductor Bull 3x Shares (SOXL) $13.88B -$353.90M -2.49%
BondBloxx Bloomberg Six Month Target Duration US Treasury ETF (XHLF) $1.71B -$348.80M -16.90%

High-Velocity Inflows (AUM > $100M, 1D Flow > +5% of AUM)

Fund (Ticker) AUM 1D Flow 1D Flow as % of AUM
Leverage Shares 2X Long HOOD Daily ETF (HOOG) $102.74M +$52.93M +106.26%
GraniteShares 2x Short NVDA Daily ETF (NVD) $125.63M +$26.23M +26.39%
Tradr 2X Short TSLA Daily ETF (TSLQ) $417.75M +$64.68M +18.32%
Direxion Daily NFLX Bull 2X Shares (NFXL) $124.09M +$15.94M +14.74%
Roundhill Bitcoin Covered Call Strategy ETF (YBTC) $287.22M +$32.07M +12.57%
Tradr 2X Long ASTS Daily ETF (ASTX) $156.73M +$16.89M +12.08%
MRP SynthEquity ETF (SNTH) $104.44M +$10.08M +10.68%
Defiance Daily Target 2X Long RGTI ETF (RGTX) $116.96M +$10.98M +10.36%
YieldMax Crypto Industry & Tech Portfolio Option Income ETF (LFGY) $230.10M +$19.41M +9.21%
Direxion Daily MU Bull 2X Shares (MUU) $249.61M +$19.07M +8.27%

High-Velocity Outflows (AUM > $100M, 1D Flow > -5% of AUM)

Fund (Ticker) AUM 1D Flow 1D Flow as % of AUM
SPDR S&P Retail ETF (XRT) $602.22M -$170.98M -22.11%
BondBloxx Bloomberg Six Month Target Duration US Treasury ETF (XHLF) $1.71B -$348.80M -16.90%
VanEck Pharmaceutical ETF (PPH) $1.17B -$87.95M -6.99%
Tradr 2X Long Innovation 100 Monthly ETF (MQQQ) $182.24M -$13.69M -6.99%
Monarch Blue Chips Core Index ETF (MBCC) $142.27M -$10.30M -6.75%
iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) $984.05M -$64.03M -6.11%
SPDR S&P Regional Banking ETF (KRE) $3.94B -$229.40M -5.50%
Xtrackers MSCI Europe Hedged Equity ETF (DBEU) $639.61M -$35.67M -5.28%
YieldMax AMD Option Income Strategy ETF (AMDY) $221.79M -$12.19M -5.21%
AGF U.S. Market Neutral Anti-Beta Fund (BTAL) $374.38M -$20.10M -5.09%

Custom Analysis and Daily Data

This daily snapshot is just the beginning. Our full suite of tools allows for deep, customizable analysis of the entire ETF landscape. Institutional clients can track real-time flows, screen for specific fund characteristics, and analyze historical trends to gain a competitive edge. To explore our comprehensive data and analytics platform, please contact our sales team for a personalized demonstration.

Large Flow Activity Note: Daily create/redeem activity is a normal function of the ETF market. Large flows often reflect rebalancing activity by a single large institution and are not necessarily indicative of broad market sentiment.

Disclosures

This report is for informational purposes only and does not constitute investment advice or a recommendation to buy or sell any security. ETF Action is not a registered investment advisor.

All data is sourced from proprietary and third-party sources believed to be reliable, but its accuracy and completeness are not guaranteed. Past performance is not indicative of future results.