Growth Stocks Rally as Large Cap Blend Leads Inflows

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Weekly Channel Summary

The U.S. Size & Style channel ended the week with $8,738.72B in total AUM spread across 1,038 ETFs from 290 issuers. Investors added $46,792M over the past five trading days, extending a robust YTD net inflow of $671,694M and a 1-Year total of $822,076M. The channel continues to see broad-based demand across both large-cap growth and blend categories, underscoring sustained investor confidence in U.S. equities.

This Week’s Performance Leaders and Laggards

U.S. Mid Cap – Growth led all categories WTD with a 3.50% gain, followed closely by U.S. Large Cap – Growth at 3.11% and U.S. Large Cap – Value at 2.65%, as nearly every size-and-style segment posted positive weekly returns. U.S. Small Cap – Value trailed the group at 1.82%, though it remains a standout over the YTD and 1-Year windows at 19.75% and 24.61%, respectively. Despite this week’s strength, U.S. Mid Cap – Growth and U.S. Large Cap – Growth remain negative over the trailing month, down 4.36% and 8.45%, highlighting recent volatility in growth-oriented names. U.S. Large Cap – Value continues to anchor longer-term performance, up 21.76% YTD and 24.57% over the past year.

Category Performance Snapshot

Category WTD 1 Month 3 Month 6 Month YTD 1 Year
U.S. Mid Cap – Growth 3.50% -4.36% -9.29% -1.99% 4.47% 5.36%
U.S. Large Cap – Growth 3.11% -8.45% -7.09% -4.41% 6.80% 8.19%
U.S. Large Cap – Value 2.65% 3.88% 1.32% 10.72% 21.76% 24.57%
U.S. Large Cap – Blend 2.58% -2.45% -2.59% 2.86% 11.84% 13.87%
U.S. Mid Cap – Blend 2.52% 0.74% -4.58% 3.60% 13.55% 16.41%
U.S. Mid Cap – Value 2.21% 3.82% -1.17% 8.45% 18.20% 21.76%
U.S. Small Cap – Growth 2.19% -1.04% -9.44% -2.68% 11.22% 15.21%
U.S. Small Cap – Blend 1.91% 1.30% -6.26% 2.42% 15.75% 20.03%
U.S. Small Cap – Value 1.82% 2.58% -3.46% 6.49% 19.75% 24.61%

Top & Bottom 5 ETFs by Weekly Performance

The Monarch Blue Chips Elite Index ETF (MBCE) topped the leaderboard with a 7.00% weekly gain, trailed by iShares MSCI USA Momentum Factor ETF (MTUM) at 6.62% and Invesco S&P 500 Momentum ETF (SPMO) at 6.35%, reflecting a momentum-driven rally across large-cap strategies. On the downside, ETRACS IFED Invest with the Fed TR Index ETN (IFED) fell sharply by 9.54%, a significant outlier versus the rest of the bottom performers, which were clustered near breakeven. The spread between top and bottom funds this week highlights a pronounced rotation toward momentum and growth-factor exposures within large-cap allocations.

Ticker Fund Name WTD Performance
Top Performers
MBCE Monarch Blue Chips Elite Index ETF 7.00%
MTUM iShares MSCI USA Momentum Factor ETF 6.62%
SPMO Invesco S&P 500 Momentum ETF 6.35%
PWB Invesco Large Cap Growth ETF 6.31%
SGRT SMART Earnings Growth 30 ETF 6.13%
Bottom Performers
IFED ETRACS IFED Invest with the Fed TR Index ETN due September 15, 2061 -9.54%
XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF -1.14%
LSGR Natixis Loomis Sayles Focused Growth ETF -0.14%
AKRE Akre Focus ETF -0.08%
LRGG Nomura Focused Large Growth ETF -0.07%

Analyzing the Weekly Flows

The channel attracted $46,792M in net inflows over the trailing five days, led overwhelmingly by U.S. Large Cap – Blend at $24,669M and U.S. Large Cap – Growth at $20,044M, together accounting for the vast majority of weekly demand. U.S. Large Cap – Value added a more modest $3,775M, while U.S. Small Cap – Blend saw the largest outflow at -$914M, followed by U.S. Mid Cap – Blend at -$841M. Smaller categories such as U.S. Small Cap – Growth and U.S. Mid Cap – Value also recorded modest redemptions, but these were dwarfed by the scale of large-cap inflows. The pattern suggests investors continue to concentrate new capital in core large-cap exposures rather than smaller-cap or value-tilted alternatives.

Category Flows Summary

Category Fund Count AUM 5 Day 30 Day 90 Day YTD 1 Year
U.S. Large Cap – Blend 389 $4,925.30B $24,669M $76,936M $128,387M $407,026M $498,966M
U.S. Large Cap – Growth 177 $1,465.45B $20,044M $28,403M $44,568M $113,211M $131,616M
U.S. Large Cap – Value 207 $1,179.70B $3,775M $13,976M $33,862M $94,273M $116,688M
U.S. Small Cap – Value 39 $126.65B $151M $1,431M $2,414M $10,354M $11,531M
U.S. Mid Cap – Growth 31 $62.08B $48M -$64M $160M $705M $1,938M
U.S. Mid Cap – Value 29 $90.08B -$50M -$996M -$835M $259M $1,851M
U.S. Small Cap – Growth 22 $57.12B -$89M -$196M -$37M $1,055M $1,430M
U.S. Mid Cap – Blend 72 $451.07B -$841M $2,326M $10,934M $36,955M $44,261M
U.S. Small Cap – Blend 71 $381.13B -$914M $1,839M $3,941M $7,856M $13,795M

Top & Bottom 5 ETFs by 5-Day Flow

Invesco QQQ Trust Series I (QQQ) led all funds with $13,427M in net inflows, followed by Vanguard S&P 500 ETF (VOO) at $9,700M, reinforcing the dominance of large-cap blend and growth flows this week. On the outflow side, iShares S&P 500 Value ETF (IVE) led redemptions at -$1,003M, followed by iShares Russell 2000 ETF (IWM) at -$789M. The contrast between heavy inflows into mega-cap growth and value/small-cap redemptions points to a continued preference for large, liquid core holdings.

Ticker Fund Name 5-Day Flow
Inflows
QQQ Invesco QQQ Trust Series I $13,427M
VOO Vanguard S&P 500 ETF $9,700M
QLTY GMO US Quality ETF $3,490M
CNEQ Alger Concentrated Equity ETF $2,549M
SPYM State Street SPDR Portfolio S&P 500 ETF $1,929M
Outflows
IVE iShares S&P 500 Value ETF -$1,003M
IWM iShares Russell 2000 ETF -$789M
MDY State Street SPDR S&P MIDCAP 400 ETF Trust -$457M
IJH iShares Core S&P Mid-Cap ETF -$455M
VO Vanguard Morningstar Mid-Cap ETF -$393M

Note: the following fund(s) were excluded from the flow totals above because the weekly flow exceeds 75% of the fund’s AUM and may be the result of a custom rebalance: FRIZ ($125M).

Issuer League Table Update

Vanguard remains the largest issuer by AUM with a 34.20% market share ($2,988.64B), followed by iShares at 25.84% ($2,257.66B), together commanding roughly 60% of total channel assets. Invesco led all issuers in weekly inflows with $15,614M, narrowly ahead of Vanguard’s $12,979M, while GMO added a notable $3,490M driven largely by its QLTY fund. On the outflow side, Xtrackers posted the largest issuer-level redemption at -$121M, a relatively modest figure compared to the scale of weekly inflows elsewhere in the channel. Overall, flow activity this week was heavily concentrated among the largest issuers, with smaller outflows representing a minor offset to broad-based demand.

Top 5 Issuers by AUM

Brand Fund Count AUM AUM Market Share
Vanguard 41 $2,988.64B 34.20%
iShares 83 $2,257.66B 25.84%
SPDR 27 $1,265.32B 14.48%
Invesco 70 $849.75B 9.72%
Schwab 11 $401.71B 4.60%

Top & Bottom 3 Issuers by 5-Day Flow

Brand 5-Day Flow
Inflows
Invesco $15,614M
Vanguard $12,979M
GMO $3,490M
Outflows
Xtrackers -$121M
VanEck -$55M
Fundstrat -$33M

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.