Weekly Channel Summary
The U.S. Size & Style ETF channel, comprising 888 ETFs from 241 issuers, currently holds a total of $6.708 trillion in assets under management. The channel experienced net outflows of -$7.37 billion over the past week. Despite the weekly setback, the year-to-date flows remain strong at $325.76 billion, and the past year has seen a substantial inflow of $587.80 billion.
This Week’s Performance Leaders and Laggards
This week saw a distinct split in performance, with value-oriented categories showing resilience while growth segments lagged. U.S. Large Cap Value was the top-performing category with a 0.30% week-to-date return, contributing to its solid 10.25% year-to-date gain. In contrast, U.S. Mid Cap Growth was the primary laggard, posting a -1.51% return for the week, though it maintains a positive 9.63% year-to-date performance.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| U.S. Large Cap – Value | 0.30% | 1.34% | 6.36% | 8.40% | 10.25% | 9.08% |
| U.S. Mid Cap – Value | 0.12% | 0.32% | 7.31% | 9.67% | 7.01% | 7.63% |
| U.S. Small Cap – Value | -0.21% | 0.90% | 9.58% | 12.21% | 4.93% | 6.32% |
| U.S. Large Cap – Blend | -0.27% | 2.26% | 7.14% | 13.54% | 11.50% | 13.00% |
| U.S. Mid Cap – Blend | -0.47% | 0.68% | 6.38% | 11.11% | 7.00% | 7.72% |
| U.S. Small Cap – Blend | -0.48% | 1.11% | 8.66% | 12.93% | 6.91% | 8.04% |
| U.S. Small Cap – Growth | -0.78% | 1.86% | 8.72% | 15.56% | 7.77% | 9.52% |
| U.S. Large Cap – Growth | -0.98% | 3.47% | 8.43% | 21.04% | 14.73% | 19.89% |
| U.S. Mid Cap – Growth | -1.51% | 1.54% | 6.37% | 15.70% | 9.63% | 13.27% |
Top & Bottom ETFs by Weekly Performance
Drilling down to individual ETFs, the top large-cap performer was the Counterpoint Quantitative Equity ETF (CPAI), while the Pinnacle Focused Opportunities ETF (FCUS) was the worst. In the mid-cap space, the Vanguard Mid-Cap Value ETF (VOE) led the way, with the Renaissance IPO ETF (IPO) lagging significantly. For small caps, the Texas Capital Texas Small Cap Equity Index ETF (TXSS) posted the best returns, and the Vanguard Small-Cap Growth ETF (VBK) saw the largest decline.
Large Cap Performance
| Top Performers | ||
| CPAI | Counterpoint Quantitative Equity ETF | 2.07% |
| SMRI | Bushido Capital US Equity ETF | 1.73% |
| SPVU | Invesco S&P 500 Enhanced Value ETF | 1.48% |
| RPV | Invesco S&P 500 Pure Value ETF | 1.46% |
| DDIV | First Trust Dorsey Wright Momentum & Dividend ETF | 1.45% |
| Bottom Performers | ||
| FCUS | Pinnacle Focused Opportunities ETF | -4.30% |
| FFTY | Innovator IBD 50 ETF | -4.00% |
| RVER | Trenchless Fund ETF | -3.32% |
| FMTM | Market Desk Focused U.S. Momentum ETF | -2.86% |
| PJBF | PGIM Jennison Better Future ETF | -2.85% |
Mid Cap Performance
| Top Performers | ||
| VOE | Vanguard Mid-Cap Value ETF | 0.97% |
| REGL | ProShares S&P MidCap 400 Dividend Aristocrats ETF | 0.92% |
| XMLV | Invesco S&P MidCap Low Volatility ETF | 0.86% |
| ZIG | Acquirers Fund | 0.70% |
| IMCV | iShares Morningstar Mid-Cap Value ETF | 0.61% |
| Bottom Performers | ||
| IPO | Renaissance IPO ETF | -6.47% |
| AWEG | Alger Weatherbie Enduring Growth ETF | -3.82% |
| FRTY | Alger Mid Cap 40 ETF | -3.23% |
| MID.ETF | American Century Mid Cap Growth Impact ETF | -2.63% |
| JSMD | Janus Henderson Small/Mid Cap Growth Alpha ETF | -2.27% |
Small Cap Performance
| Top Performers | ||
| TXSS | Texas Capital Texas Small Cap Equity Index ETF | 0.68% |
| CALF | Pacer US Small Cap Cash Cows ETF | 0.62% |
| SMMV | iShares MSCI USA Small-Cap Min Vol Factor ETF | 0.60% |
| OSCV | Opus Small Cap Value ETF | 0.59% |
| RZV | Invesco S&P Smallcap 600 Pure Value ETF | 0.58% |
| Bottom Performers | ||
| VBK | Vanguard Small-Cap Growth ETF | -1.92% |
| GSC | Goldman Sachs Small Cap Equity ETF | -1.66% |
| SMLL | Harbor Active Small Cap ETF | -1.47% |
| ALIL | Argent Focused Small Cap ETF | -1.39% |
| ISCG | iShares Morningstar Small-Cap Growth ETF | -1.27% |
Analyzing the Weekly Flows
The channel experienced a total net outflow of -$7.40 billion this week. The U.S. Large Cap Blend category was a notable exception, attracting the most significant inflows of $10.71 billion and boasting a total AUM of $3.75 trillion. The only other category with positive flows was U.S. Small Cap Blend, which gathered $465 million. On the other end of the spectrum, the U.S. Mid Cap Blend category saw the largest outflows, with -$7.58 billion leaving the space.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| U.S. Large Cap-Blend | 330 | $3,749.7B | $10,711M | $28,510M | $87,588M | $193,361M | $351,815M |
| U.S. Small Cap- Blend | 59 | $311.9B | $465M | $5,025M | ($66M) | ($6,345M) | $6,430M |
| U.S. Small Cap-Growth | 17 | $49.1B | ($351M) | $145M | ($337M) | ($2,069M) | $6M |
| U.S. Mid Cap-Value | 21 | $73.7B | ($400M) | $101M | ($33M) | $1,180M | $3,993M |
| U.S. Small Cap-Value | 33 | $94.4B | ($473M) | $522M | $139M | ($3,401M) | ($651M) |
| U.S. Mid Cap Growth | 23 | $58.6B | ($571M) | $1,034M | ($965M) | $1,540M | $3,377M |
| U.S. Large Cap-Value | 187 | $842.9B | ($4,012M) | $7,550M | $10,174M | $40,770M | $69,271M |
| U.S. Large Cap-Growth | 147 | $1,176.2B | ($5,196M) | $9,736M | $24,964M | $83,379M | $122,420M |
| U.S. Mid Cap-Blend | 66 | $351.4B | ($7,578M) | $1,911M | $3,408M | $17,303M | $31,102M |
Top & Bottom ETFs by 5-Day Flow
Examining individual ETF flows, the iShares Core S&P 500 ETF (IVV) was the clear large-cap leader, pulling in an impressive $38.87 billion, while the Vanguard S&P 500 ETF (VOO) saw the largest redemptions. In the mid-cap category, the Thrivent Small-Mid Cap Equity ETF (TSME) attracted the most new assets, and the Vanguard Extended Market ETF (VXF) experienced the heaviest outflows. The iShares Russell 2000 ETF (IWM) dominated small-cap inflows, while the Schwab U.S. Small-Cap ETF (SCHA) led the outflows.
Large Cap Flows
| Inflows | ||
| IVV | iShares Core S&P 500 ETF | $38,871M |
| SPY | SPDR S&P 500 ETF Trust | $11,347M |
| QQQ | Invesco QQQ Trust Series I | $4,367M |
| SPYG | SPDR Portfolio S&P 500 Growth ETF | $1,084M |
| SPYV | SPDR Portfolio S&P 500 Value ETF | $980M |
| Outflows | ||
| VOO | Vanguard S&P 500 ETF | ($33,386M) |
| VUG | Vanguard Growth ETF | ($5,258M) |
| SPMO | Invesco S&P 500 Momentum ETF | ($3,601M) |
| SPLG | SPDR Portfolio S&P 500 ETF | ($2,661M) |
| MOAT | VanEck Morningstar Wide Moat ETF | ($2,479M) |
Mid Cap Flows
| Inflows | ||
| TSME | Thrivent Small-Mid Cap Equity ETF | $101M |
| FMDE | Fidelity Enhanced Mid Cap ETF | $91M |
| SDVY | First Trust SMID Cap Rising Dividend Ach | $61M |
| DFAT | Dimensional U.S. Targeted Value ETF | $52M |
| IWR | iShares Russell Midcap ETF | $48M |
| Outflows | ||
| VXF | Vanguard Extended Market ETF | ($2,555M) |
| SCHM | Schwab U.S. Mid-Cap ETF | ($1,346M) |
| XMMO | Invesco S&P MidCap Momentum ETF | ($1,287M) |
| VO | Vanguard Mid-Cap ETF | ($1,169M) |
| IJH | iShares Core S&P Mid-Cap ETF | ($670M) |
Small Cap Flows
| Inflows | ||
| IWM | iShares Russell 2000 ETF | $2,040M |
| IJR | iShares Core S&P Small Cap ETF | $208M |
| AVUV | Avantis U.S. Small Cap Value ETF | $171M |
| VB | Vanguard Small-Cap ETF | $131M |
| VTWO | Vanguard Russell 2000 ETF | $74M |
| Outflows | ||
| SCHA | Schwab U.S. Small-Cap ETF | ($1,519M) |
| VBR | Vanguard Small Cap Value ETF | ($638M) |
| VBK | Vanguard Small-Cap Growth ETF | ($341M) |
| FNDA | Schwab Fundamental U.S. Small Company ETF | ($309M) |
| SPSM | SPDR Portfolio S&P 600 Small Cap ETF | ($104M) |
Issuer League Table Update
The issuer landscape is dominated by Vanguard and iShares, which hold 34.11% and 27.70% of the market share, respectively. This week, iShares was the clear winner in asset gathering, pulling in a massive $37.69 billion. In stark contrast, Vanguard, despite being the largest issuer, saw the most significant outflows, with -$47.17 billion leaving its funds.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| Vanguard | 38 | $2,287.82B | 34.11% |
| iShares | 80 | $1,858.36B | 27.70% |
| SPDR | 30 | $971.77B | 14.49% |
| Invesco | 69 | $640.49B | 9.55% |
| Schwab | 12 | $296.79B | 4.42% |
Top & Bottom 3 Issuers by 5-Day Flow
| Inflows | |
| iShares | $37,685M |
| SPDR | $10,261M |
| Dimensional | $1,033M |
| Outflows | |
| Vanguard | -$47,174M |
| Schwab | -$4,746M |
| VanEck | -$2,536M |
For a deeper dive into these trends, access our FREE, in-depth Thematic 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.
