Vanguard Dominates with $23B Inflow as Equities Surge

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Issuer League Tables

The U.S. ETF landscape now includes $13,486B in AUM across 4,822 products from 468 issuers. Vanguard led 1-day flows, collecting $23,747M, adding to its massive YTD haul of $420.44B. SPDR followed with $6,878M in inflows, while Schwab gathered $4,081M. On the other side of the ledger, iShares saw significant outflows of -$15,002M, followed by Invesco with -$2,025M in redemptions.

Brand 1-Day Flow 30-Day Flow YTD Flow 1-Year Flow
Inflows
Vanguard $23,747M $92,104M $420.44B $451.55B
SPDR $6,878M $27,654M $92.73B $91.38B
Schwab $4,081M $6,837M $41.68B $47.49B
VanEck $392M ($640M) $3.94B $3.90B
ProShares $359M $346M $2.48B $2.27B
Outflows
iShares ($15,002M) ($7,501M) $270.37B $305.32B
Invesco ($2,025M) $6,266M $61.93B $69.10B
First Trust ($725M) $1,577M $13.06B $14.25B
Janus Henderson ($328M) ($316M) $11.88B $12.42B
Dimensional ($289M) $3,808M $40.78B $43.43B

Daily ETF Flow Analysis

Total 1-day net flows for all U.S. listed ETFs amounted to a robust $17.22B. Equity funds led the charge, gathering $15.39B, followed by Fixed Income with $1.29B. Non-Traditional strategies added $380M and Commodities took in $343M. Multi-Asset strategies saw the largest outflows on the day, shedding -$141M.

Asset Class 1-Day Flow 1-Week Flow 1-Month Flow YTD Flow 1-Year Flow
Equity $15,390M $118,360M $40,024M $754,497M $836,348M
Fixed Income $1,285M $6,904M $38,916M $410,514M $416,699M
Non-Traditional $380M $18,319M ($402M) $93,369M $98,687M
Commodity $343M $5,239M $2,156M $51,254M $50,467M
Alternative $31M $40M ($40M) $3,840M $3,547M
Digital Asset ($31M) $687M ($1,529M) $37,816M $39,213M
Currency ($40M) ($14M) ($97M) $564M $686M
Multi-Asset ($141M) $292M $848M $6,633M $7,238M
Category 1-Day Flow AUM
Top 10 Categories
Equity: U.S. Large Cap – Blend $4,968M $4,045.2B
Equity: U.S. Small Cap – Blend $2,424M $335.1B
Equity: Global Ex-U.S. Large Cap – Blend $1,641M $925.8B
Equity: U.S. Large Cap – Value $1,589M $909.6B
Equity: U.S. Mid Cap – Blend $1,389M $373.8B
Equity: Global Ex-U.S. Large Cap – Value $656M $114.4B
Fixed Income: Taxable – High Yield $653M $111.7B
Equity: Emerging Large Cap $570M $360.5B
Equity: U.S. Small Cap – Value $468M $101.1B
Equity: Sector – Real Estate $403M $82.4B
Bottom 10 Categories
Fixed Income: Taxable – Government Ultrashort ($730M) $193.7B
Equity: U.S. Large Cap – Growth ($496M) $1,270.5B
Non-Traditional: Leverage | Inverse – Equity ($390M) $114.7B
Equity: Sector – Health Care ($251M) $97.2B
Fixed Income: Taxable – Ultrashort ($249M) $160.2B
Asset Allocation: Specialty – Alternative Asset Sleeve ($225M) $4.2B
Fixed Income: Taxable – Government Long ($204M) $136.6B
Equity: Sector – Information Technology ($131M) $352.7B
Fixed Income: Specialty – Defined Maturity ($129M) $67.3B
Equity: Thematic – Evolving Consumer ($80M) $16.1B

U.S. Size & Style

U.S. Large Cap Blend funds dominated the day, pulling in a massive $4.97B. Small Cap Blend funds also saw significant interest with $2.42B in inflows. However, U.S. Large Cap Growth funds experienced outflows of -$496M. At the fund level, VOO ($18.31B) and SPY ($4.65B) were the top leaders, while IVV saw a significant redemption of -$18.94B, followed by QQQ at -$2.88B.

Ticker Fund Name 1-Day Flow AUM
Top 5 Leaders
VOO Vanguard S&P 500 ETF $18,311M $869.3B
SPY SPDR S&P 500 ETF Trust $4,650M $725.7B
IWM iShares Russell 2000 ETF $1,829M $74.3B
VUG Vanguard Growth ETF $1,815M $206.4B
RSP Invesco S&P 500 Equal Weight ETF $814M $77.8B
Top 5 Laggards
IVV iShares Core S&P 500 ETF ($18,938M) $705.4B
QQQ Invesco QQQ Trust Series I ($2,877M) $408.8B
FV First Trust Dorsey Wright Focus 5 ETF ($803M) $3.7B
OMFL Invesco Russell 1000 Dynamic Multifactor ETF ($234M) $4.8B
ONEQ Fidelity Nasdaq Composite Index ETF ($209M) $9.5B

Global Ex-U.S. Size & Style

International equities saw broad inflows, led by Global Ex-U.S. Large Cap Blend funds which gathered $1.64B. Value strategies also performed well, adding $656M, while Emerging Large Cap funds took in $570M. SCHF ($1,484M) was the clear leader in individual fund flows, followed by FNDF ($552M). SPDW (-$80M) saw the largest outflows in the segment.

Ticker Fund Name 1-Day Flow AUM
Top 5 Leaders
SCHF Schwab International Equity ETF $1,484M $54.5B
FNDF Schwab Fundamental International Equity ETF $552M $19.3B
SCHE Schwab Emerging Markets Equity ETF $279M $11.3B
FNDE Schwab Fundamental Emerging Markets Equity ETF $270M $8.1B
SFTX Horizon International Managed Risk ETF $178M $0.4B
Top 5 Laggards
SPDW SPDR Portfolio Developed World ex-US ETF ($80M) $33.2B
DIHP Dimensional International High Profitability ETF ($41M) $5.0B
DFIS Dimensional International Small Cap ETF ($39M) $4.6B
IHDG WisdomTree International Hedged Quality Dividend Growt.. ($14M) $2.3B
EEMS iShares MSCI Emerging Markets Small Cap ETF ($7M) $0.4B

Region & Country

Regional flows were positive overall, with North American funds leading with $76M in inflows. Latin America followed with $22M. Asia-Pacific funds saw the largest outflows at -$73M. The Canadian focused EWC ($76M) and Eurozone focused FEZ ($42M) led individual fund flows, while the Japan focused EWJ (-$63M) lagged.

Ticker Fund Name 1-Day Flow AUM
Top 5 Leaders
EWC iShares MSCI Canada ETF $76M $3.71B
FEZ SPDR EURO STOXX 50 ETF $42M $4.94B
EWW iShares MSCI Mexico ETF $21M $1.97B
UAE iShares MSCI UAE ETF $11M $0.15B
TCHI iShares MSCI China Multisector Tech ETF $5M $0.05B
Top 5 Laggards
EWJ iShares MSCI Japan ETF ($63M) $15.88B
EWI iShares MSCI Italy ETF ($32M) $0.67B
AAXJ iShares MSCI All Country Asia ex Japan ETF ($19M) $3.15B
KWT iShares MSCI Kuwait ETF ($4M) $0.09B
EWD iShares MSCI Sweden ETF ($4M) $0.31B

Sector & Industry

Real Estate funds led sector flows with a strong $1.13B inflow, followed by Utilities with $866M and Industrials with $540M. Information Technology saw the largest outflows at -$131M. The Aerospace & Defense ETF MISL ($599M) was the top fund, while the Industrials ETF FXR (-$581M) lagged.

Ticker Fund Name 1-Day Flow AUM
Top 5 Leaders
MISL First Trust Indxx Aerospace & Defense ETF $599M $0.9B
SMH VanEck Semiconductor ETF $278M $38.3B
XLP State Street Consumer Staples Select Sector SPDR ETF $244M $15.2B
XLF State Street Financial Select Sector SPDR ETF $208M $53.9B
RSPN Invesco S&P 500 Equal Weight Industrials ETF $178M $0.9B
Top 5 Laggards
FXR First Trust Industrials/Producer Durables AlphaDEX F.. ($581M) $1.0B
SOXX iShares Semiconductor ETF ($189M) $17.8B
XLK State Street Technology Select Sector SPDR ETF ($155M) $95.6B
XBI State Street SPDR S&P Biotech ETF ($114M) $7.8B
IGV iShares Expanded Tech-Software Sector ETF ($99M) $8.5B

Thematic

Infrastructure themes attracted strong inflows of $1.03B, followed by Multi-Sector themes at $471M. Precious Metals funds also saw interest with $197M in flows. Evolving Consumer funds saw the largest thematic outflows at -$80M. XME ($84M) led individual fund flows, while XHB (-$49M) lagged.

Ticker Fund Name 1-Day Flow AUM
Top 5 Leaders
XME State Street SPDR S&P Metals & Mining ETF $84M $3.28B
SILJ Amplify Junior Silver Miners ETF $77M $3.49B
GDX VanEck Gold Miners ETF $65M $25.56B
COPX Global X Copper Miners ETF $64M $3.88B
ARKK ARK Innovation ETF $62M $8.01B
Top 5 Laggards
XHB State Street SPDR S&P Homebuilders ETF ($49M) $1.71B
IYZ iShares U.S. Telecommunications ETF ($44M) $0.61B
FDN First Trust Dow Jones Internet Index Fund ($27M) $6.97B
GINN Innovate Equity ETF ($19M) $0.22B
ARKG ARK Genomic Revolution ETF ($12M) $1.30B

Fixed Income

Fixed Income funds saw healthy net inflows. By type, Multi-Sector funds led with $828M, followed by Corporate bonds at $722M. Government funds experienced outflows of -$531M. In terms of duration, Intermediate-term funds saw the largest inflows at $2.32B, while Ultrashort funds shed -$922M. HYG ($540M) and EMB ($269M) were the top individual fund leaders.

Ticker Fund Name 1-Day Flow AUM
Top 5 Leaders
HYG iShares iBoxx $ High Yield Corporate Bond ETF $540M $20.13B
EMB iShares JP Morgan USD Emerging Markets Bond ETF $269M $16.67B
VMBS Vanguard Mortgage-Backed Securities ETF $259M $14.69B
BND Vanguard Total Bond Market ETF $208M $144.86B
IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF $203M $17.20B
Top 5 Laggards
SGOV iShares 0-3 Month Treasury Bond ETF ($482M) $66.63B
JAAA Janus Henderson AAA CLO ETF ($344M) $24.82B
TLT iShares 20+ Year Treasury Bond ETF ($247M) $48.65B
LQD iShares iBoxx $ Investment Grade Corporate Bond ETF ($177M) $31.66B
BIL State Street SPDR Bloomberg 1-3 Month T-Bill ETF ($143M) $42.85B

Commodity

Commodity funds attracted net inflows of $343M, driven almost entirely by the Precious Metals category which gathered $342M. Energy commodities also saw minor inflows of $15M. GLD ($311M) and IAU ($263M) led inflows, while GLDM (-$301M) experienced significant outflows.

Ticker Fund Name 1-Day Flow AUM
Top 5 Leaders
GLD SPDR Gold Shares $311M $143.22B
IAU iShares Gold Trust $263M $66.42B
SLV iShares Silver Trust $39M $32.16B
IAUM iShares Gold Trust Micro ETF of Benef Interest $30M $5.83B
USO United States Oil Fund LP $14M $0.96B
Top 5 Laggards
GLDM SPDR Gold Minishares Trust of beneficial interest ($301M) $24.65B
HGER Harbor Commodity All-Weather Strategy ETF ($13M) $1.40B
SOYB Teucrium Soybean Fund ($4M) $0.06B
KCCA KraneShares California Carbon Allowance Strategy ETF ($3M) $0.12B
PDBA Invesco Agriculture Commodity Strategy No K-1 ETF ($2M) $0.06B

Digital Assets

Digital Asset funds saw mixed results, with Altcoin funds gathering $23M while Bitcoin funds saw outflows of -$53M. Ethereum funds were flat. IBIT ($77M) and XRPZ ($10M) led fund-level inflows, while FBTC (-$104M) saw the largest redemptions.

Ticker Fund Name 1-Day Flow AUM
Top 5 Leaders
IBIT iShares Bitcoin Trust ETF $77M $71.03B
XRPZ Franklin XRP ETF $10M $0.17B
BITB Bitwise Bitcoin ETF Trust $8M $3.69B
XRP Bitwise XRP ETF $5M $0.20B
BSOL Bitwise Solana Staking ETF $4M $0.68B
Top 5 Laggards
FBTC Fidelity Wise Origin Bitcoin Fund ($104M) $18.50B
HODL VanEck Bitcoin ETF ($19M) $1.53B
ARKB ARK 21Shares Bitcoin ETF ($16M) $3.56B
FETH Fidelity Ethereum Fund ETF ($3M) $2.41B
BTRN Global X Bitcoin Trend Strategy ETF $0M $0.01B

Non-Traditional

Non-Traditional funds saw inflows of $380M, driven by Synthetic Income products which added $305M and Leverage/Inverse funds with $69M. Buffer ETFs saw small inflows of $7M. TQQQ ($222M) and BOIL ($120M) led inflows, while SQQQ (-$176M) and SPXL (-$171M) saw the largest redemptions.

Ticker Fund Name 1-Day Flow AUM
Top 5 Leaders
TQQQ ProShares UltraPro QQQ $222M $31.29B
BOIL ProShares Ultra Bloomberg Natural Gas $120M $0.56B
UGL ProShares Ultra Gold $97M $1.05B
AGQ ProShares Ultra Silver $88M $1.88B
ORCX Defiance Daily Target 2X Long ORCL ETF $71M $0.28B
Top 5 Laggards
SQQQ ProShares UltraPro Short QQQ ($176M) $2.23B
SPXL Direxion Daily S&P 500 Bull 3x Shares ($171M) $6.13B
DPST Direxion Daily Regional Banks Bull 3X Shares ($79M) $0.78B
UPRO ProShares UltraPro S&P500 ($72M) $4.80B
SOXL Direxion Daily Semiconductor Bull 3x Shares ($61M) $13.49B

Recent ETF Launches

The YLDW ETF from Westwood was the most recent fund to launch. The table below lists the 10 newest funds to market, including several new products from Leverage Shares and 21Shares. Click the header above to explore the full ETF database, where you can sort by inception date to see all new funds.

Launch Date Ticker Fund Name Category AUM
12/12/2025 YLDW Westwood Enhanced Income Opportunity ETF Unclassified $0.00M
12/11/2025 UPSG Leverage Shares 2X Long UPS Daily ETF Unclassified $0.38M
12/11/2025 TOXR 21Shares XRP ETF Beneficial INT SH Unclassified $242.08M
12/11/2025 TACN T. Rowe Price Active Core International Equity ETF Unclassified $15.14M
12/11/2025 S100 VistaShares Target 15 S&P 100 Distribution ETF Unclassified $2.00M
12/11/2025 SCNM Sterling Capital National Municipal Bond ETF Unclassified $10.00M
12/11/2025 SCMC Sterling Capital Multi-Strategy Income ETF Unclassified $10.00M
12/11/2025 SCEP Sterling Capital Hedged Equity Premium Income ETF Unclassified $10.00M
12/11/2025 RESM Columbia Research Enhanced Small Cap ETF Unclassified $0.00M
12/11/2025 REMC Columbia Research Enhanced Mid Cap ETF Unclassified $0.00M

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.

Flow data is reported after close on a T+1 basis. This report’s data is as of December 12, 2025, and reflects create/redeem activity from Thursday, December 11, 2025.

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.