Equities & Fixed Income Drive $5.5B in Inflows; QQQ Leads the Pack

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Issuer League Tables

The U.S. ETF landscape now includes $13,225B in AUM across 4,765 products from 465 issuers. Vanguard led 1-day flows, collecting $1,898M, followed closely by iShares with $1,835M. Invesco also saw strong activity with $1,490M in net inflows. On the other side, SPDR saw the largest 1-day outflows at -$837M, while ProShares shed -$217M.

Brand 1-Day Flow 5-Day Flow 30-Day Flow YTD Flow 1-Year Flow
Inflows
Vanguard $1,898M $4,217M $50,480M $362.87B $401.67B
iShares $1,835M $4,614M $46,242M $306.38B $344.29B
Invesco $1,490M $4,038M ($173M) $57.58B $64.87B
Fidelity $272M $767M $2,570M $27.95B $31.23B
Schwab $233M ($789M) $3,262M $37.23B $44.45B
Outflows
SPDR ($837M) $2,908M $1,889M $66.49B $80.22B
ProShares ($217M) $364M $1,403M $2.85B $1.94B
VanEck ($192M) $192M ($263M) $2.28B $1.65B
Direxion ($179M) ($1,449M) $262M ($8.83B) ($8.41B)
21 Shares ($91M) ($57M) ($234M) ($0.66B) ($0.88B)

Daily ETF Flow Analysis

Total 1-day net flows for all U.S. listed ETFs amounted to $5.51B. Equity led all asset classes with $3.37B in new assets, followed by Fixed Income funds which gathered $1.78B. Digital Asset funds saw inflows of $213M, while Commodity funds added $113M. Non-Traditional funds were the only asset class to experience net outflows, shedding -$60M.

Asset Class 1-Day Flow 1-Week Flow 1-Month Flow YTD Flow 1-Year Flow
Equity $3,366M $10,988M $93,693M $696,488M $798,173M
Fixed Income $1,778M $4,472M $46,366M $399,291M $414,093M
Digital Asset $213M ($3,362M) $564M $37,093M $43,358M
Commodity $113M $1,341M $1,341M $48,443M $47,359M
Multi-Asset $61M $708M $64M $6,283M $7,103M
Alternative $21M $165M ($170M) $3,788M $3,779M
Currency $21M $40M $135M $646M $736M
Non-Traditional ($60M) $5,737M $15,804M $86,474M $94,061M
Category 1-Day Flow AUM
Top 10 Categories
Equity: U.S. Large Cap – Growth $2,193M $1,255.56B
Equity: Emerging Large Cap $450M $357.96B
Fixed Income: Taxable – High Yield $382M $109.57B
Equity: U.S. Mid Cap – Value $273M $75.44B
Fixed Income: Taxable – Corporate $207M $162.04B
Equity: U.S. Mid Cap – Blend $205M $359.58B
Fixed Income: Taxable – Core $203M $376.51B
Non-Traditional: Synthetic Income – Equity $177M $144.45B
Equity: Sector – Health Care $175M $96.81B
Fixed Income: Taxable – Core Enhanced $164M $111.72B
Bottom 10 Categories
Non-Traditional: Leverage | Inverse – Equity ($474M) $113.79B
Equity: U.S. Large Cap – Value ($285M) $884.59B
Equity: Sector – Information Technology ($261M) $343.28B
Equity: Sector – Financials ($178M) $97.33B
Equity: Sector – Utilities ($87M) $37.82B
Equity: Thematic – Multi-Sector ($61M) $25.45B
Non-Traditional: Synthetic Income – Single Stock ($57M) $11.19B
Equity: Thematic – Evolving Consumer ($52M) $16.14B
Fixed Income: Taxable – Long-Term ($35M) $19.05B
Fixed Income: Taxable – International ($34M) $4.80B

U.S. Size & Style

Within U.S. equities, Large Cap Growth funds dominated, pulling in $2.19B. In contrast, U.S. Large Cap Value funds saw the largest outflows at -$285M. U.S. Small Cap Blend funds saw modest inflows of $82M. At the fund level, QQQ ($1,898M) and VOO ($505M) were the top two flow leaders, while SPY (-$818M) and DIA (-$642M) saw the most significant redemptions.

Ticker Fund Name 1-Day Flow AUM
Top 5 Leaders
QQQ Invesco QQQ Trust Series I $1,898M $405.8B
VOO Vanguard S&P 500 ETF $505M $819.5B
QQQM Invesco NASDAQ 100 ETF $361M $70.5B
SPYM State Street SPDR Portfolio S&P 500 ETF $293M $97.4B
VOE Vanguard Mid-Cap Value ETF $246M $19.8B
Top 5 Laggards
SPY SPDR S&P 500 ETF Trust ($818M) $701.5B
DIA SPDR Dow Jones Industrial Average ETF Trust ($642M) $41.3B
PWV Invesco Large Cap Value ETF ($309M) $1.3B
PWB Invesco Large Cap Growth ETF ($276M) $1.4B
IWF iShares Russell 1000 Growth ETF ($143M) $125.5B

Global Ex-U.S. Size & Style

Global Ex-U.S. funds saw net positive flows, led by the Emerging Large Cap category which gathered $450M. Global Ex-U.S. Large Cap Blend funds added $82M, while Global Ex-U.S. Large Cap Value funds also saw inflows of $70M. Fund-level activity was topped by JEMG ($241M) and SPEM ($178M).

Ticker Fund Name 1-Day Flow AUM
Top 5 Leaders
JEMG iShares Core MSCI Emerging Markets ETF $241M $117.6B
SPEM SPDR Portfolio Emerging Markets ETF $178M $15.4B
CGXU Capital Group International Focus Equity ETF $37M $4.3B
OSEA Harbor International Compounders ETF $22M $0.6B
AVDE Avantis International Equity ETF $20M $11.0B
Top 5 Laggards
EFG iShares MSCI EAFE Growth ETF ($45M) $9.3B
INFL Horizon Kinetics Inflation Beneficiaries ETF ($9M) $1.3B
CRTC Xtrackers US National Critical Technologies ETF ($5M) $0.1B
XCEM Columbia EM Core ex-China ETF ($2M) $1.3B
LVHI Franklin International Low Volatility High Dividend Index ETF ($1M) $3.7B

Region & Country

Region-specific funds saw net inflows, led by the North America category ($63M) and Asia-Pacific ($30M). Eurozone funds also added $12M. At the fund level, INDA ($67M) was the clear leader, followed by EWC ($31M). EWJ (-$87M) saw the largest redemptions.

Ticker Fund Name 1-Day Flow AUM
Top 5 Leaders
INDA iShares MSCI India ETF $67M $9.52B
EWC iShares MSCI Canada ETF $31M $3.50B
DXJ WisdomTree Japan Hedged Equity Fund $21M $4.82B
EIDO iShares MSCI Indonesia ETF $12M $0.33B
EWA iShares MSCI Australia ETF $10M $1.33B
Top 5 Laggards
EWJ iShares MSCI Japan ETF ($87M) $15.66B
PGJ Invesco Golden Dragon China ETF ($2M) $0.14B
PCCE Polen Capital China Growth ETF $0M $0.00B
AAXJ iShares MSCI All Country Asia ex Japan ETF $0M $3.16B
ADIV Guinness Atkinson Asia Pacific Dividend Builder ETF $0M $0.03B

Sector & Industry

On a sector basis, Industrials led with $405M in 1-day flows, followed by Health Care at $175M and Energy at $110M. Information Technology saw the largest outflows at -$261M, followed by Financials (-$178M). XLV ($247M) was the top fund-level leader, while PSI (-$263M) was the top laggard.

Ticker Fund Name 1-Day Flow AUM
Top 5 Leaders
XLV State Street Health Care Select Sector SPDR ETF $247M $40.4B
VGT Vanguard Information Technology ETF $152M $113.2B
XLE State Street Energy Select Sector SPDR ETF $99M $27.4B
XLI State Street Industrial Select Sector SPDR ETF $84M $24.5B
XLC State Street Communication Services Select Sector SPDR ETF $58M $26.3B
Top 5 Laggards
PSI Invesco Semiconductors ETF ($263M) $1.0B
XLF State Street Financial Select Sector SPDR ETF ($196M) $51.6B
XBI State Street SPDR S&P Biotech ETF ($187M) $7.2B
SMH VanEck Semiconductor ETF ($180M) $36.3B
XLU State Street Utilities Select Sector SPDR ETF ($83M) $21.7B

Thematic

Thematic funds were led by the Disruptive Tech category, which gathered $47M. Infrastructure ($43M) and Precious Metals ($23M) also saw inflows. In contrast, Multi-Sector Thematics saw the largest outflows at -$61M. ITB ($57M) and MAGS ($34M) led fund-level inflows, while PKB (-$68M) saw the largest redemptions.

Ticker Fund Name 1-Day Flow AUM
Top 5 Leaders
ITB iShares U.S. Home Construction ETF $57M $2.80B
MAGS Roundhill Magnificent Seven ETF $34M $4.13B
RING iShares MSCI Global Gold Miners ETF $24M $2.72B
ARKG ARK Genomic Revolution ETF $18M $1.23B
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index Fund $15M $4.89B
Top 5 Laggards
PKB Invesco Building & Construction ETF ($68M) $0.28B
ARKK ARK Innovation ETF ($66M) $7.34B
FDN First Trust Dow Jones Internet Index Fund ($41M) $6.89B
EMLP First Trust North American Energy Infrastructure Fund ($15M) $3.42B
GDXJ VanEck Junior Gold Miners ETF ($11M) $8.96B

Fixed Income

Fixed Income funds saw net inflows. By type, Multi-Sector led with $677M, followed by Corporate ($640M) and Government ($359M). Securitized funds saw small outflows of -$25M. By duration, Intermediate duration funds gathered $4.31B, while Long duration funds shed -$19M. LQD ($288M) and HYG ($265M) were the top individual fund leaders.

Ticker Fund Name 1-Day Flow AUM
Top 5 Leaders
LQD iShares iBoxx $ Investment Grade Corporate Bond ETF $288M $32.96B
HYG iShares iBoxx $ High Yield Corporate Bond ETF $265M $18.98B
BND Vanguard Total Bond Market ETF $149M $144.31B
SPIB State Street SPDR Portfolio Intermediate Term Corporate Bond ETF $115M $11.06B
FBND Fidelity Total Bond ETF $109M $23.01B
Top 5 Laggards
VCIT Vanguard Intermediate-Term Corporate Bond ETF ($235M) $58.49B
USFR WisdomTree Floating Rate Treasury Fund ($114M) $16.63B
VCLT Vanguard Long-Term Corporate Bond ETF ($77M) $7.78B
MBB iShares MBS ETF ($57M) $39.15B
IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF ($38M) $16.89B

Commodity

Commodity funds experienced net inflows, driven by the Precious Metals category, which gained $97M. Multi-Sector funds also saw inflows of $25M. Comm: Energy saw small outflows of -$16M. Fund-level activity was led by SLV ($250M), while GLD (-$233M) drove the outflows.

Ticker Fund Name 1-Day Flow AUM
Top 5 Leaders
SLV iShares Silver Trust $250M $29.54B
IAU iShares Gold Trust $79M $65.79B
PDBC Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF $14M $4.61B
BCI abrdn Bloomberg All Commodity Strategy K-1 Free ETF $13M $2.01B
COMB GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF $8M $0.11B
Top 5 Laggards
GLD SPDR Gold Shares ($233M) $141.77B
USO United States Oil Fund LP ($21M) $0.91B
GSG iShares S&P GSCI Commodity Indexed Trust ($9M) $1.08B
AAAU Goldman Sachs Physical Gold ETF $0M $2.39B
BAR GraniteShares Gold Shares $0M $1.46B

Digital Assets

Digital Asset funds continued to gather assets, with Altcoin funds ($146M) and Bitcoin funds ($77M) seeing significant 1-day inflows. Ethereum funds saw minor outflows of -$10M. IBIT ($120M) and FETH ($51M) were the top two fund-level leaders for the day.

Ticker Fund Name 1-Day Flow AUM
Top 5 Leaders
IBIT iShares Bitcoin Trust ETF $120M $70.91B
FETH Fidelity Ethereum Fund ETF $51M $2.19B
GXRP Grayscale XRP Trust ETF $46M $0.18B
GLNK Grayscale Chainlink Trust ETF $41M $0.06B
BSOL Bitwise Solana Staking ETF $29M $0.66B
Top 5 Laggards
ARKB ARK 21Shares Bitcoin ETF ($91M) $3.56B
ETHA iShares Ethereum Trust ETF ($89M) $10.93B
AETH Bitwise Trendwise Ether and Treasuries Rotation Strategy ETF $0M $0.01B
BETH ProShares Bitcoin & Ether Market Cap Weight ETF $0M $0.02B
BITC Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF $0M $0.02B

Non-Traditional

Non-Traditional funds saw net outflows of -$60M. Synthetic Income products gathered $154M, and Buffer products added $151M. However, these were offset by Leverage | Inverse funds which saw outflows of -$364M. At the fund level, BUYW ($179M) and TSLL ($64M) led inflows, while UPRO (-$215M) and SOXL (-$208M) saw the largest redemptions.

Ticker Fund Name 1-Day Flow AUM
Top 5 Leaders
BUYW Main BuyWrite ETF $179M $1.14B
TSLL Direxion Daily TSLA Bull 2X Shares $64M $6.37B
DDFD Innovator Equity Dual Directional 15 Buffer ETF – December $34M $0.06B
MSTZ T-Rex 2X Inverse MSTR Daily Target ETF $29M $0.11B
KOLD ProShares UltraShort Bloomberg Natural Gas $28M $0.24B
Top 5 Laggards
UPRO ProShares UltraPro S&P500 ($215M) $4.87B
SOXL Direxion Daily Semiconductor Bull 3x Shares ($208M) $13.52B
SQQQ ProShares UltraPro Short QQQ ($40M) $2.45B
FTQI First Trust Nasdaq BuyWrite Income ETF ($28M) $0.72B
TSLY YieldMax TSLA Option Income Strategy ETF ($26M) $1.15B

Recent ETF Launches

The SOLX ETF from T-Rex was the most recent fund to launch. The table below lists the 10 newest funds to market, including several new products from GraniteShares and Grayscale. 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
12/2/2025 SOLX T-REX 2X Long SOL Daily Target ETF Non-Traditional: Leverage | Inverse – Crypto $0.31M
12/2/2025 RTYY GraniteShares YieldBoost RIOT ETF Non-Traditional: Leverage | Inverse – Single Stock $0.74M
12/2/2025 RMME Rareview Government Money Market ETF Fixed Income: Taxable Government Ultrashort $1.00M
12/2/2025 HMYY GraniteShares YieldBoost HIMS ETF Non-Traditional: Leverage | Inverse – Single Stock $0.73M
12/2/2025 GOU GraniteShares 2x Long GOOGL Daily ETF Non-Traditional: Leverage | Inverse – Single Stock $0.00M
12/2/2025 GLNK Grayscale Chainlink Trust ETF Digital Asset: Cryptocurrency – Altcoin $58.92M
12/2/2025 ETFT Fundsmith Equity ETF Equity: Global Large Cap – Blend $5.47M
12/2/2025 26923Q32 T-REX 2X Long XRP Daily Target ETF Unclassified $0.29M
12/1/2025 PMDE PGIM S&P 500 Max Buffer ETF – December Non-Traditional: Buffer – Equity $2.00M
12/1/2025 DDTD Innovator Equity Dual Directional 10 Buffer ETF – December Non-Traditional: Buffer – Equity $4.27M

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 12/3/2025, and reflects create/redeem activity from Tuesday, 12/2/2025.

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.