U.S. Size & Style Recap: Invesco Leads the Pack as Massive Flows Favor Large Cap Blend

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Weekly Channel Summary

The U.S. Size & Style ETF channel currently encompasses 970 ETFs across 274 issuers, managing a massive $8,134B in Total Assets Under Management (AUM). Flow activity remains exceptionally robust, with $22.36B in net new money gathered over the past week alone. Year-to-date inflows sit at an impressive $220.09B, continuing a strong 1-year trajectory of $622.97B in total aggregate flows.

This Week’s Performance Leaders and Laggards

U.S. equities faced slight headwinds this week, though Large Cap Growth showed the most resilience, declining just -0.06% WTD while holding a strong 8.83% YTD return. Small Cap Value lagged the most, dropping -3.18% over the past 5 days, despite maintaining a solid 10.96% YTD gain. Across the board, Large Cap categories outperformed their Mid and Small Cap counterparts during this week’s trading cycle.

Category Performance Snapshot

Category WTD 1 Month 3 Month 6 Month YTD 1 Year
U.S. Large Cap – Growth -0.06% 6.53% 11.53% 10.67% 8.83% 26.41%
U.S. Large Cap – Blend -0.29% 3.65% 5.12% 9.44% 7.09% 21.23%
U.S. Large Cap – Value -0.62% 1.87% 0.94% 10.60% 7.62% 20.48%
U.S. Mid Cap – Growth -1.46% 2.56% 4.69% 9.19% 7.40% 16.03%
U.S. Mid Cap – Value -2.09% 0.33% -1.80% 10.59% 7.01% 17.90%
U.S. Mid Cap – Blend -2.23% 0.93% 1.27% 11.70% 8.12% 18.95%
U.S. Small Cap – Growth -2.59% 3.01% 6.12% 15.87% 12.07% 27.24%
U.S. Small Cap – Blend -2.84% 1.43% 2.59% 13.62% 9.77% 23.29%
U.S. Small Cap – Value -3.18% 0.60% 0.97% 15.23% 10.96% 25.67%

Top & Bottom ETFs by Weekly Performance

Drilling down into individual funds, TEXX (Horizon Kinetics Texas ETF) emerged as the overall Large Cap WTD winner at 4.54%, while COWS (Amplify Cash Flow Dividend Leaders ETF) brought up the rear falling -3.68%. Mid Cap leaders were highlighted by CBSE (Clough Select Equity ETF), gaining 1.94%. In the Small Cap arena, SMCF (Themes US Small Cap Cash Flow Champions ETF) managed to limit losses to -0.43% while deep value plays like DEEP plummeted -5.59%.

Large Cap Performance Leaders
Ticker Fund Name WTD Performance
TEXX Horizon Kinetics Texas ETF 4.54%
MEME Roundhill Meme Stock ETF 3.56%
AVIE Avantis Inflation Focused Equity ETF 2.34%
BRIF FIS Bright Portfolios Focused Equity ETF 2.01%
USSE Segall Bryant & Hamill Select Equity ETF 2.00%
Large Cap Performance Laggards
COWS Amplify Cash Flow Dividend Leaders ETF -3.68%
MVPA Miller Value Partners Appreciation ETF -3.36%
FDLS Inspire Fidelis Multi Factor ETF -3.30%
PLGI PL Growth and Income ETF -3.20%
UPGD Invesco Bloomberg Analyst Rating Improvers ETF -3.15%
Mid Cap Performance Leaders
Ticker Fund Name WTD Performance
CBSE Clough Select Equity ETF 1.94%
GRNJ Fundstrat Granny Shots US Small- & Mid-Cap ETF 0.40%
VOE Vanguard Mid-Cap Value ETF -0.55%
IPO Renaissance IPO ETF -0.67%
QQQJ Invesco NASDAQ Next Gen 100 ETF -0.68%
Mid Cap Performance Laggards
CCFE Concourse Capital Focused Equity ETF -5.62%
SAEF Schwab Ariel Opportunities ETF -4.58%
RNIN Bushido Capital US SMID Cap Equity ETF -4.15%
TMFM Motley Fool Mid-Cap Growth ETF -3.99%
MGMT Ballast Small/Mid Cap ETF -3.76%
Small Cap Performance Leaders
Ticker Fund Name WTD Performance
SMCF Themes US Small Cap Cash Flow Champions ETF -0.43%
DWAS Invesco Dorsey Wright SmallCap Momentum ETF -1.26%
MMSC First Trust Multi-Manager Small Cap Opportunities ETF -1.49%
NIXT Research Affiliates Deletions ETF -1.56%
SCDS JPMorgan Fundamental Data Science Small Core ETF -1.59%
Small Cap Performance Laggards
DEEP Acquirers Small and Micro Deep Value ETF -5.59%
TMFS Motley Fool Small-Cap Growth ETF -5.17%
FYT First Trust Small Cap Value AlphaDEX Fund -4.85%
RZV Invesco S&P Smallcap 600 Pure Value ETF -4.63%
SFLO VictoryShares Small Cap Free Cash Flow ETF -4.44%

Analyzing the Weekly Flows

The channel brought in over $22B in net positive flows this week. U.S. Large Cap Blend was the standout winner, raking in $12,515M and extending its massive $4,551.8B AUM base. Large Cap Growth also saw significant interest with $11,793M in inflows. On the downside, U.S. Small Cap Blend experienced the steepest withdrawals across the channel, losing -$1,926M in just 5 days.

Category Flows Summary

Category Fund Count AUM 5 Day 30 Day 90 Day YTD 1 Year
U.S. Large Cap – Blend 361 $4,551.8B $12,515M $59,621M $96,128M $131,452M $382,009M
U.S. Large Cap – Growth 163 $1,452.2B $11,793M $24,300M $34,822M $38,198M $117,640M
U.S. Mid Cap – Blend 68 $420.1B $781M $4,166M $13,827M $16,824M $31,473M
U.S. Small Cap – Growth 19 $58.1B $270M $937M $1,308M $38M $373M
U.S. Small Cap – Value 36 $114.2B $258M $1,842M $3,217M $3,777M $4,122M
U.S. Mid Cap – Growth 24 $63.1B $85M $480M $381M $210M $3,569M
U.S. Mid Cap – Value 23 $84.5B $14M $71M $178M $473M $2,324M
U.S. Large Cap – Value 198 $1,021.3B -$1,462M $1,869M $23,579M $29,266M $78,218M
U.S. Small Cap – Blend 66 $368.7B -$1,926M -$1,383M -$991M -$190M $3,191M

Top & Bottom ETFs by 5-Day Flow

In Large Cap, QQQ dominated inflows with a stellar $5,926M collected, while DIA saw the largest outflows at -$1,922M. In the Mid Cap segment, IJH drew $305M against PREZ‘s -$232M in redemptions. Small Cap flows were led by AVUV capturing $234M, whereas FNDA lost considerable ground leaking -$1,346M.

Top 5 Inflows (Large Cap)
Ticker Fund Name 5-Day Flow
QQQ Invesco QQQ Trust Series I $5,926M
VOO Vanguard S&P 500 ETF $3,789M
SPY State Street SPDR S&P 500 ETF $3,588M
IVV iShares Core S&P 500 ETF $2,644M
SCHG Schwab U.S. Large-Cap Growth ETF $2,480M
Bottom 5 Outflows (Large Cap)
DIA State Street SPDR Dow Jones Industrial Average ETF -$1,922M
FNDX Schwab Fundamental U.S. Large Company ETF -$1,352M
RSP Invesco S&P 500 Equal Weight ETF -$578M
PRF Invesco RAFI US 1000 ETF -$258M
BKLC BNY Mellon US Large Cap Core Equity ETF -$223M
Top 5 Inflows (Mid Cap)
Ticker Fund Name 5-Day Flow
IJH iShares Core S&P Mid-Cap ETF $305M
VXF Vanguard Extended Market ETF $147M
IWR iShares Russell Midcap ETF $137M
FMDE Fidelity Enhanced Mid Cap Core ETF $136M
VO Vanguard Mid-Cap ETF $133M
Bottom 5 Outflows (Mid Cap)
PREZ Invesco RAFI US 1500 Small-Mid ETF -$232M
MDY State Street SPDR S&P MIDCAP 400 ETF Trust -$51M
SPMD State Street SPDR Portfolio S&P 400 Mid Cap ETF -$45M
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF -$27M
VOE Vanguard Mid-Cap Value ETF -$22M
Top 5 Inflows (Small Cap)
Ticker Fund Name 5-Day Flow
AVUV Avantis U.S. Small Cap Value ETF $234M
VBK Vanguard Small-Cap Growth ETF $133M
SPSM State Street SPDR Portfolio S&P 600 Small Cap ETF $86M
IJT iShares S&P Small-Cap 600 Growth ETF $73M
VTWO Vanguard Russell 2000 ETF $72M
Bottom 5 Outflows (Small Cap)
FNDA Schwab Fundamental U.S. Small Company ETF -$1,346M
IWM iShares Russell 2000 ETF -$577M
SCHA Schwab U.S. Small-Cap ETF -$281M
IJR iShares Core S&P Small Cap ETF -$74M
CALF Pacer US Small Cap Cash Cows ETF -$21M

Issuer League Table Update

Vanguard and iShares continue to dominate the landscape, holding an overwhelming 34.23% and 26.83% of the total AUM market share, respectively. However, Invesco captured the most momentum this week, leading all issuers with $7,155M in 5-day flows. On the flip side, Pacer suffered the largest absolute outflows across the channel, shedding -$1.94B over the same period.

Top 5 Issuers by AUM

Brand Fund Count AUM AUM Market Share
Vanguard 41 $2,784.23B 34.23%
iShares 82 $2,182.18B 26.83%
SPDR 28 $1,176.25B 14.46%
Invesco 68 $799.12B 9.82%
Schwab 12 $358.62B 4.41%

Top & Bottom 3 Issuers by 5-Day Flow

Top 3 Issuers (Inflows)
Brand 5-Day Flow
Invesco $7,155M
Vanguard $6,756M
SPDR $2,610M
Bottom 3 Issuers (Outflows)
Pacer -$1.94B
BNY Mellon -$208M
Akre -$113M

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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.