Weekly Channel Summary
The U.S. Size & Style channel encompasses 988 ETFs from 277 issuers, with total assets under management reaching $8.27 trillion. The channel attracted significant new capital, posting net inflows of $33.0 billion over the past week. This brings year-to-date net flows to a robust $400.5 billion, while the one-year total stands at an impressive $790.8 billion.
This Week’s Performance Leaders and Laggards
Value-oriented strategies led performance this week, with U.S. Mid Cap Value funds gaining 1.87% and U.S. Small Cap Value funds rising 1.70%. Conversely, large-cap segments faced headwinds, as U.S. Large Cap Growth was the worst-performing category with a decline of 3.39%. This weekly trend contrasts with longer-term performance, where Small Cap Blend and Growth categories still hold the lead on a year-to-date basis, up 20.80% and 21.40% respectively.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| U.S. Mid Cap – Value | 1.87% | 3.91% | 10.53% | 12.99% | 14.72% | 26.57% |
| U.S. Small Cap – Value | 1.70% | 4.33% | 12.74% | 17.21% | 19.29% | 36.57% |
| U.S. Small Cap – Blend | 1.53% | 5.51% | 16.88% | 17.97% | 20.80% | 37.53% |
| U.S. Small Cap – Growth | 1.07% | 5.25% | 18.98% | 17.94% | 21.40% | 36.17% |
| U.S. Large Cap – Value | 0.96% | 2.01% | 10.22% | 12.82% | 13.95% | 26.39% |
| U.S. Mid Cap – Blend | 0.87% | 4.05% | 12.55% | 13.10% | 15.17% | 24.96% |
| U.S. Mid Cap – Growth | -0.48% | 3.25% | 13.04% | 8.84% | 11.18% | 14.99% |
| U.S. Large Cap – Blend | -1.56% | -0.99% | 11.81% | 6.99% | 8.34% | 22.03% |
| U.S. Large Cap – Growth | -3.39% | -1.81% | 17.23% | 8.44% | 10.11% | 25.19% |
Top & Bottom 5 ETFs by Weekly Performance
Reflecting the strength in smaller, dividend-focused equities, the ProShares Russell 2000 Dividend Growers ETF (SMDV) was the top-performing fund, climbing 3.48% for the week. Several other small and mid-cap low volatility and dividend funds also posted strong returns. At the other end of the spectrum, thematic growth funds struggled, with the Roundhill Meme Stock ETF (MEME) falling 11.12% to become the week’s worst performer.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| SMDV | ProShares Russell 2000 Dividend Growers ETF | 3.48% |
| XSLV | Invesco S&P SmallCap Low Volatility ETF | 3.15% |
| RDIV | Invesco S&P Ultra Dividend Revenue ETF | 3.14% |
| SIXS | ETC 6 Meridian Small Cap Equity ETF | 3.13% |
| XMLV | Invesco S&P MidCap Low Volatility ETF | 3.08% |
| Bottom Performers | ||
| MEME | Roundhill Meme Stock ETF | -11.12% |
| RONB | Baron First Principles ETF | -7.68% |
| QBIG | Invesco Top QQQ ETF | -7.31% |
| BUZZ | VanEck Social Sentiment ETF | -7.24% |
| RKNG | Defiance Retail Kings ETF | -7.05% |
Analyzing the Weekly Flows
The U.S. Size & Style channel saw substantial net inflows of nearly $33.0 billion, with the vast majority concentrated in large-cap strategies. U.S. Large Cap Blend funds led the way, attracting an impressive $24.2 billion, followed closely by U.S. Large Cap Growth funds which pulled in $21.4 billion. In contrast, smaller and mid-cap categories experienced broad outflows, led by U.S. Mid Cap Blend funds which shed over $6.0 billion.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| U.S. Large Cap – Blend | 374 | $4,577.22B | $24,204M | $88,612M | $186,826M | $220,641M | $466,872M |
| U.S. Large Cap – Growth | 166 | $1,449.69B | $21,441M | $32,023M | $68,556M | $75,226M | $144,153M |
| U.S. Small Cap – Value | 37 | $121.79B | $246M | $2,502M | $4,902M | $6,519M | $7,567M |
| U.S. Mid Cap – Value | 25 | $89.04B | -$78M | $1,832M | $1,818M | $2,318M | $4,626M |
| U.S. Large Cap – Value | 203 | $1,071.53B | -$970M | $25,067M | $37,474M | $59,320M | $106,148M |
| U.S. Small Cap – Growth | 21 | $61.37B | -$1,588M | $823M | $1,649M | $821M | $1,301M |
| U.S. Mid Cap – Growth | 26 | $65.81B | -$2,067M | $615M | $894M | $850M | $4,074M |
| U.S. Small Cap – Blend | 67 | $391.72B | -$2,174M | $8,853M | $3,058M | $6,062M | $12,437M |
| U.S. Mid Cap – Blend | 69 | $445.12B | -$6,042M | $10,711M | $18,776M | $28,751M | $43,579M |
Top & Bottom 5 ETFs by 5-Day Flow
A significant rotation within the largest S&P 500 ETFs defined the week’s fund-level flows. The iShares Core S&P 500 ETF (IVV) led all funds with a massive $36.3 billion inflow, while the State Street SPDR S&P 500 ETF (SPY) also gathered an impressive $28.0 billion. These gains were more than offset by a record-setting $40.2 billion withdrawal from the Vanguard S&P 500 ETF (VOO). Further down the list, the Vanguard Mid-Cap ETF (VO) also saw significant redemptions, losing $4.6 billion.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| IVV | iShares Core S&P 500 ETF | $36,332M |
| SPY | State Street SPDR S&P 500 ETF | $28,032M |
| IWD | iShares Russell 1000 Value ETF | $11,129M |
| QQQ | Invesco QQQ Trust Series I | $6,881M |
| IWF | iShares Russell 1000 Growth ETF | $6,494M |
| Outflows | ||
| VOO | Vanguard S&P 500 ETF | -$40,232M |
| VO | Vanguard Mid-Cap ETF | -$4,551M |
| SCHD | Schwab US Dividend Equity ETF | -$4,316M |
| VLUE | iShares MSCI USA Value Factor ETF | -$3,852M |
| COWZ | Pacer US Cash Cows 100 ETF | -$2,960M |
Issuer League Table Update
Vanguard and iShares continue to dominate the U.S. Size & Style landscape, commanding 33.94% and 27.06% of the market share, respectively. However, their flow stories diverged sharply this week, mirroring the massive rotation seen in their flagship S&P 500 funds. iShares was the clear winner, attracting nearly $54.7 billion in net new assets, while Vanguard experienced the largest outflows as investors pulled a net $46.2 billion from its funds.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| Vanguard | 41 | $2,807.79B | 33.94% |
| iShares | 82 | $2,238.65B | 27.06% |
| SPDR | 28 | $1,178.85B | 14.25% |
| Invesco | 68 | $821.39B | 9.93% |
| Schwab | 12 | $361.12B | 4.36% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| iShares | $54,684M |
| SPDR | $27,166M |
| Avantis | $3,537M |
| Outflows | |
| Vanguard | -$46,152M |
| Schwab | -$5,663M |
| First Trust | -$5,390M |
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.
