Large Growth Leads Performance, Value Tops Inflows

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Weekly Channel Summary

The U.S. Size & Style ETF Channel currently houses 948 ETFs across 264 issuers, boasting a massive $7,356 billion in total assets under management (AUM). Over the past week, the channel maintained strong momentum, gathering $5.49 billion in net inflows. This builds upon a robust trend that has seen the space take in $53.20 billion year-to-date and an impressive $566.87 billion over the trailing 1-year period.

This Week’s Performance Leaders and Laggards

U.S. Large Cap – Growth was the top performer across the categories with a 1.43% week-to-date (WTD) return, although it remains slightly negative for the year at -1.00% YTD. The primary lagging category for the week was U.S. Large Cap – Value, which posted only a 0.38% WTD return but boasts a much stronger 7.13% YTD performance.

Category Performance Snapshot

Category WTD 1 Month 3 Month 6 Month YTD 1 Year
U.S. Large Cap – Growth 1.43% -0.31% 4.29% 6.11% -1.00% 10.17%
U.S. Mid Cap – Growth 1.17% -0.31% 9.80% 6.00% 3.56% 9.21%
U.S. Large Cap – Blend 0.87% 2.22% 8.03% 8.93% 2.82% 12.59%
U.S. Mid Cap – Blend 0.85% 3.42% 14.59% 12.53% 7.64% 14.31%
U.S. Small Cap – Value 0.62% 5.32% 19.17% 17.11% 10.54% 17.14%
U.S. Small Cap – Growth 0.54% 0.66% 14.06% 13.35% 6.36% 14.29%
U.S. Small Cap – Blend 0.50% 2.72% 15.06% 13.54% 7.63% 14.65%
U.S. Mid Cap – Value 0.45% 5.74% 16.70% 13.85% 9.53% 15.45%
U.S. Large Cap – Value 0.38% 5.02% 12.81% 12.91% 7.13% 16.12%

Top & Bottom ETFs by Weekly Performance

In the Large Cap arena, the top performer was the SMART Earnings Growth 30 ETF (SGRT) returning 4.24% WTD, while the WarCap Unconstrained Equity ETF (WCAP) lagged at -1.16%. Within Mid Caps, the Invesco S&P Spin-Off ETF (CSD) led with a 2.39% WTD return, contrasting sharply with the Concourse Capital Focused Equity ETF (CCFE) which fell -3.14%. Among Small Caps, the Acquirers Small and Micro Deep Value ETF (DEEP) outperformed at 3.10% WTD, and the Motley Fool Small-Cap Growth ETF (TMFS) trailed the group at -1.33%.

Large Cap Performance

Ticker Fund Name WTD Performance
Top Performers
SGRT SMART Earnings Growth 30 ETF 4.24%
TSEL Touchstone Sands Capital US Select Growth ETF 2.91%
BOUT Innovator IBD Breakout Opportunities ETF 2.89%
FDG American Century Focused Dynamic Growth ETF 2.86%
BELT iShares U.S. Select Equity Active ETF 2.81%
Bottom Performers
WCAP WarCap Unconstrained Equity ETF -1.16%
FLAG Global X S&P 500 U.S. Market Leaders Top 50 ETF -0.94%
RKNG Defiance Retail Kings ETF -0.90%
SDOG ALPS Sector Dividend Dogs ETF -0.90%
GOGU GQG US Equity ETF -0.89%

Mid Cap Performance

Ticker Fund Name WTD Performance
Top Performers
CSD Invesco S&P Spin-Off ETF 2.39%
RFG Invesco S&P Midcap 400 Pure Growth ETF 2.38%
XMMO Invesco S&P MidCap Momentum ETF 2.17%
MDYG State Street SPDR S&P 400 Mid Cap Growth ETF 2.08%
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 2.08%
Bottom Performers
CCFE Concourse Capital Focused Equity ETF -3.14%
MGMT Ballast Small/Mid Cap ETF -1.66%
HSMV First Trust Horizon Managed Volatility Small/Mid ETF -0.15%
XMVM Invesco S&P MidCap Value with Momentum ETF -0.15%
BSMC Brandes U.S. Small-Mid Cap Value ETF -0.11%

Small Cap Performance

Ticker Fund Name WTD Performance
Top Performers
DEEP Acquirers Small and Micro Deep Value ETF 3.10%
MMSC First Trust Multi-Manager Small Cap Opportunities ETF 1.82%
VBK Vanguard Small-Cap Growth ETF 1.74%
NIXT Research Affiliates Deletions ETF 1.74%
EPSV Harbor SMID Cap Value ETF 1.68%
Bottom Performers
TMFS Motley Fool Small-Cap Growth ETF -1.33%
TCV Towle Value ETF -0.77%
XSHQ Invesco S&P SmallCap Quality ETF -0.75%
SMDV ProShares Russell 2000 Dividend Growers ETF -0.73%
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF -0.60%

Analyzing the Weekly Flows

The U.S. Size & Style ETF Channel saw strong aggregate net inflows of $5.49 billion over the past week. U.S. Large Cap – Value captured the lion’s share of new money, pulling in $4.45 billion to bring its total AUM to $982.1 billion. U.S. Large Cap – Growth also saw significant interest, gathering $3.49 billion in fresh capital. Conversely, U.S. Large Cap – Blend experienced the heaviest redemptions, bleeding $3.97 billion in outflows over the last 5 trading days.

Category Flows Summary

Category Fund Count AUM 5 Day 30 Day 90 Day YTD 1 Year
U.S. Large Cap – Value 196 $982.1B $4,453M $11,935M $27,763M $10,123M $79,125M
U.S. Large Cap – Growth 160 $1,226.2B $3,485M $4,912M $22,044M $6,860M $106,921M
U.S. Mid Cap – Blend 68 $395.7B $1,544M $4,326M $11,427M $4,547M $27,856M
U.S. Small Cap – Value 36 $109.6B $449M $1,180M $2,103M $1,009M -$1,411M
U.S. Mid Cap – Value 23 $84.4B $109M $344M $1,736M $403M $2,170M
U.S. Small Cap – Growth 19 $52.6B $79M -$288M -$732M -$1,191M -$2,073M
U.S. Mid Cap – Growth 24 $60.0B -$2M -$206M $1,160M -$173M $2,262M
U.S. Small Cap – Blend 65 $351.7B -$677M $2,673M $6,567M $69M -$1,605M
U.S. Large Cap – Blend 353 $4,092.9B -$3,966M $8,396M $108,973M $31,469M $353,544M

Top & Bottom ETFs by 5-Day Flow

When examining specific funds in Large Cap, the Vanguard S&P 500 ETF (VOO) dominated inflows by taking in $4.11 billion, while the State Street SPDR S&P 500 ETF (SPY) shed a massive $9.57 billion. Within the Mid Cap space, the Fidelity Small-Mid Multifactor ETF (FSMD) led inflows with $383 million, and the Vanguard Mid-Cap Growth ETF (VOT) faced the largest outflows at -$40 million. In Small Cap, the Avantis U.S. Small Cap Value ETF (AVUV) attracted $234 million in new capital, while the iShares Russell 2000 ETF (IWM) bled $1.11 billion.

Large Cap Flows

Ticker Fund Name 5-Day Flow
Inflows
VOO Vanguard S&P 500 ETF $4,106M
QQQ Invesco QQQ Trust Series 1 $2,691M
RSP Invesco S&P 500 Equal Weight ETF $2,286M
FDVV Fidelity High Dividend ETF $1,988M
VTI Vanguard Total Stock Market ETF $1,247M
Outflows
SPY State Street SPDR S&P 500 ETF -$9,566M
IVV iShares Core S&P 500 ETF -$3,163M
DIA SPDR Dow Jones Industrial Average ETF Trust -$1,187M
QQQM Invesco NASDAQ 100 ETF -$675M
USMV iShares MSCI USA Min Vol Factor ETF -$269M

Mid Cap Flows

Ticker Fund Name 5-Day Flow
Inflows
FSMD Fidelity Small-Mid Multifactor ETF $383M
VO Vanguard Mid-Cap ETF $358M
IJH iShares Core S&P Mid-Cap ETF $186M
VXF Vanguard Extended Market ETF $115M
IWR iShares Russell Midcap ETF $112M
Outflows
VOT Vanguard Mid-Cap Growth ETF -$40M
IVOG Vanguard S&P Mid-Cap 400 Growth ETF -$18M
MDY State Street SPDR S&P MIDCAP 400 ETF Trust -$16M
IWS iShares Russell Mid-Cap Value ETF -$15M
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF -$12M

Small Cap Flows

Ticker Fund Name 5-Day Flow
Inflows
AVUV Avantis U.S. Small Cap Value ETF $234M
VB Vanguard Small-Cap ETF $186M
IWN iShares Russell 2000 Value ETF $150M
DFAS Dimensional U.S. Small Cap ETF $100M
SPSM State Street SPDR Portfolio S&P 600 Small Cap ETF $71M
Outflows
IWM iShares Russell 2000 ETF -$1,107M
HAPS Harbor Human Capital Factor US Small Cap ETF -$64M
IWC iShares Micro-Cap ETF -$33M
CALF Pacer US Small Cap Cash Cows ETF -$21M
VTWO Vanguard Russell 2000 ETF -$16M

Issuer League Table Update

Vanguard and iShares remain the dominant heavyweights in the U.S. Size & Style category, commanding 34.34% and 27.28% of the market share, respectively. Vanguard leveraged its leading position to gather the most weekly inflows across the channel at $7.24 billion. On the other end of the spectrum, SPDR experienced the steepest withdrawals, facing $9.99 billion in net outflows.

Top 5 Issuers by AUM

Brand Fund Count AUM AUM Market Share
Vanguard 41 $2,526.29B 34.34%
iShares 81 $2,007.02B 27.28%
SPDR 30 $1,044.51B 14.20%
Invesco 69 $691.00B 9.39%
Schwab 12 $327.58B 4.45%

Top & Bottom 3 Issuers by 5-Day Flow

Brand 5-Day Flow
Inflows
Vanguard $7,244M
Invesco $4,782M
Fidelity $3,374M
Outflows
SPDR -$9,987M
iShares -$2,255M
Harbor -$151M

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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.