Equities Shed -$8B as Investors Rotate into Fixed Income

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Issuer League Tables

The U.S. ETF landscape now includes $13,725B in AUM across 4,874 products from 478 issuers. Vanguard led 1-day flows, collecting $2,055M, continuing its strong YTD trend of $13.05B. SPDR saw the largest 1-day outflows at -$5,246M, followed by iShares with -$4,805M in redemptions.

Brand 1-Day Flow 30-Day Flow YTD Flow 1-Year Flow
Inflows
Vanguard $2,055M $67,383M $13.05B $422.79B
Nuveen $1,794M $321M $0.32B $4.73B
Global X $877M $877M $0.88B $13.73B
Avantis $642M $193M $0.64B $27.39B
Invesco $495M $5,344M ($2.04B) $71.24B
Outflows
SPDR ($5,246M) $11,387M ($3.24B) $85.21B
iShares ($4,805M) $58,322M ($8.21B) $368.47B
Direxion ($546M) ($2,430M) ($2.43B) ($12.51B)
GraniteShares ($205M) ($233M) ($0.44B) $0.81B
Grayscale ($197M) ($207M) ($0.12B) ($2.81B)

Daily ETF Flow Analysis

Total 1-day net flows for all U.S. listed ETFs amounted to -$4.76B, driven largely by significant redemptions in Equity funds which shed -$7.97B. Conversely, Fixed Income funds gathered $3.65B in new assets. Commodity funds also saw net inflows of $196M, while Non-Traditional and Digital Asset funds saw outflows.

Asset Class 1-Day Flow 1-Week Flow 1-Month Flow YTD Flow 1-Year Flow
Fixed Income $3,646M $44,588M $9,394M $9,394M $444,802M
Commodity $196M $6,329M ($1,039M) ($1,039M) $55,440M
MultiAsset- $36M $186M $1,034M $186M $7,226M
Alternative ($2M) $79M $358M $79M $4,116M
Currency ($14M) ($26M) ($155M) ($26M) $271M
Digital Asset ($113M) $1,118M $288M $1,118M $35,622M
Non-Traditional ($539M) $3,979M ($1,975M) ($1,975M) $85,477M
Equity ($7,966M) $144,703M $1,700M $1,700M $847,473M
Category 1-Day Flow AUM
Top 10 Categories
Equity: Global Ex-U.S. Large Cap – Blend $1,517M $964.94B
Equity: Emerging Large Cap $970M $381.23B
Equity: U.S. Large Cap – Growth $588M $1,265.68B
Fixed Income: Taxable – Government Ultrashort $569M $198.10B
Equity: Thematic – Natural Resources $475M $47.65B
Equity: U.S. Small Cap – Blend $383M $335.74B
Equity: Sector – Information Technology $335M $353.70B
Fixed Income: Taxable – Core $327M $384.70B
Equity: Global Large Cap – Blend $315M $134.80B
Fixed Income: Taxable – International USD $306M $91.09B
Bottom 10 Categories
Equity: U.S. Large Cap – Blend ($13,652M) $4,090.45B
Equity: U.S. Large Cap – Value ($1,227M) $926.84B
Non-Traditional: Leverage | Inverse – Equity ($795M) $112.68B
Equity: Sector Consumer Discretionary ($255M) $36.25B
Digital Asset: Cryptocurrency – Bitcoin ($242M) $123.44B
Equity: Global Ex-U.S. Large Cap – Growth ($80M) $38.24B
Non-Traditional: Leverage | Inverse – Fixed Income ($50M) $4.56B
Equity: Sector – Communication Services ($38M) $36.12B
Equity: Thematic – Midstream & MLPs ($33M) $21.30B
Equity: U.S. Small Cap – Growth ($32M) $52.84B

U.S. Size & Style

The U.S. Large Cap Blend category saw massive outflows of -$13.65B, weighing heavily on the entire Size & Style segment. U.S. Large Cap Value also shed -$1.23B. In contrast, U.S. Large Cap Growth managed inflows of $588M, while Small Cap Blend funds added $383M. At the fund level, SPYM ($322M) and IWM ($282M) led inflows, while IVV (-$8.34B) and SPY (-$5.19B) drove the significant redemptions.

Ticker Fund Name 1-Day Flow AUM
Top 5 Leaders
SPYM State Street SPDR Portfolio S&P 500 ETF $322M $102.1B
IWM iShares Russell 2000 ETF $282M $74.2B
VUG Vanguard Growth ETF $275M $204.4B
RSP Invesco S&P 500 Equal Weight ETF $191M $77.9B
QQQ Invesco QQQ Trust Series I $187M $406.4B
Top 5 Laggards
IVV iShares Core S&P 500 ETF ($8,340M) $760.9B
SPY SPDR S&P 500 ETF Trust ($5,189M) $712.4B
DIA SPDR Dow Jones Industrial Average ETF Trust ($1,509M) $45.7B
VOO Vanguard S&P 500 ETF ($1,136M) $852.7B
IWF iShares Russell 1000 Growth ETF ($214M) $124.9B

Global Ex-U.S. Size & Style

Global Ex-U.S. funds saw strong net positive flows, led by the Developed Ex-U.S. category which gathered $1.52B. Emerging Market Large Cap funds also saw significant inflows of $970M. Fund-level activity was topped by VXUS ($1,111M) and EEM ($565M).

Ticker Fund Name 1-Day Flow AUM
Top 5 Leaders
VXUS Vanguard Total International Stock ETF $1,111M $125.2B
EEM iShares MSCI Emerging Markets ETF $565M $22.6B
VT Vanguard Total World Stock ETF $260M $61.7B
IEMG iShares Core MSCI Emerging Markets ETF $168M $126.6B
VYMI Vanguard International High Dividend Yield ETF $155M $15.3B
Top 5 Laggards
VIGI Vanguard International Dividend Appreciation ETF ($121M) $9.1B
ESGD iShares ESG Aware MSCI EAFE ETF ($39M) $11.1B
GSID Marketbeta INTL Equity ETF ($14M) $1.0B
WSGE Warren Street Global Equity ETF ($8M) $0.0B
EZRO Alpha Droid Defensive Sector Rotation ETF ($7M) $0.0B

Region & Country

Region-specific funds saw inflows, led by the Eurozone category ($266M) and Asia-Pacific ($254M). Latin America funds also saw modest inflows of $96M. At the fund level, VGK ($128M) was the clear leader, while EWA (-$16M) was the top laggard.

Ticker Fund Name 1-Day Flow AUM
Top 5 Leaders
VGK Vanguard FTSE Europe ETF $128M $30.14B
EWJ iShares MSCI Japan ETF $100M $16.30B
EZU iShares MSCI Eurozone ETF $92M $9.28B
ILF iShares Latin America 40 ETF $87M $2.73B
KWEB KraneShares CSI China Internet ETF $81M $8.52B
Top 5 Laggards
EWA iShares MSCI Australia ETF ($16M) $1.32B
GMF SPDR S&P Emerging Asia Pacific ETF ($7M) $0.39B
EWK iShares MSCI Belgium ETF ($6M) $0.03B
FLAU Franklin FTSE Australia ETF ($3M) $0.07B
CHIQ Global X MSCI China Consumer Discretionary ETF ($2M) $0.21B

Sector & Industry

On a sector basis, Information Technology led with $335M in 1-day flows, followed by Health Care at $291M and Financials at $215M. Consumer Discretionary saw the largest outflows at -$255M. XLV ($616M) was the top fund-level leader, while XLY (-$309M) was the top laggard.

Ticker Fund Name 1-Day Flow AUM
Top 5 Leaders
XLV State Street Health Care Select Sector SPDR ETF $616M $41.4B
SOXX iShares Semiconductor ETF $214M $19.4B
SMH VanEck Semiconductor ETF $213M $41.4B
XLB State Street Materials Select Sector SPDR ETF $142M $5.8B
XLE State Street Energy Select Sector SPDR ETF $137M $27.5B
Top 5 Laggards
XLY State Street Consumer Discretionary Select Sector SPDR ETF ($309M) $24.2B
XBI State Street SPDR S&P Biotech ETF ($250M) $8.2B
XLK State Street Technology Select Sector SPDR ETF ($59M) $94.1B
XLF State Street Financial Select Sector SPDR ETF ($48M) $55.6B
PPH VanEck Pharmaceutical ETF ($31M) $1.2B

Thematic

Thematic funds were led by the Natural Resources category, which gathered $475M. Industrial Revolution ($171M) and Infrastructure ($115M) also saw inflows. In contrast, Midstream & MLPs saw the largest outflows at -$33M. XME ($126M) and COPX ($112M) led fund-level inflows, while GDX (-$41M) saw the largest redemptions.

Ticker Fund Name 1-Day Flow AUM
Top 5 Leaders
XME State Street SPDR S&P Metals & Mining ETF $126M $3.84B
COPX Global X Copper Miners ETF $112M $5.23B
SHLD Global X Defense Tech ETF $107M $5.74B
URA Global X Uranium ETF $95M $6.26B
ITB iShares U.S. Home Construction ETF $79M $2.71B
Top 5 Laggards
GDX VanEck Gold Miners ETF ($41M) $27.60B
AMLP Alerian MLP ETF ($41M) $10.45B
MAGS Roundhill Magnificent Seven ETF ($26M) $3.86B
ARKW ARK Next Generation Internet ETF ($15M) $2.14B
FDN First Trust Dow Jones Internet Index Fund ($14M) $6.55B

Fixed Income

Fixed Income funds saw strong net inflows. By type, Multi-Sector led with $1.37B, followed by Government ($1.31B) and Corporates ($626M). Preferred Stock funds saw slight outflows. By duration, Intermediate duration funds gathered $5.59B, while Long duration funds shed -$867M. SGOV ($502M) and NXUS ($295M) were the top individual fund leaders.

Ticker Fund Name 1-Day Flow AUM
Top 5 Leaders
SGOV iShares 0-3 Month Treasury Bond ETF $502M $70.10B
NXUS NuShares ETF Trust Nuveen International Aggregate Bond ETF $295M $2.83B
BHYB Xtrackers USD High Yield BB-B ex Financials ETF $235M $1.80B
BND Vanguard Total Bond Market ETF $222M $147.01B
PHYL PGIM Active High Yield Bond ETF $222M $1.15B
Top 5 Laggards
HYG iShares iBoxx $ High Yield Corporate Bond ETF ($347M) $19.16B
TLT iShares 20+ Year Treasury Bond ETF ($192M) $46.20B
SHV iShares Trust iShares 0-1 Year Treasury Bond ETF ($111M) $19.93B
LQD iShares iBoxx $ Investment Grade Corporate Bond ETF ($77M) $29.35B
SHY iShares 1-3 Year Treasury Bond ETF ($75M) $23.53B

Commodity

Commodity funds experienced net inflows, driven by the Precious Metals category ($121M) and Multi-Sector ($40M). Fund-level activity was led by GLDM ($178M), while SLV (-$46M) saw the largest outflows.

Ticker Fund Name 1-Day Flow AUM
Top 5 Leaders
GLDM SPDR Gold Minishares Trust $178M $26.68B
UNG United States Natural Gas Fund LP $32M $0.57B
FTGC First Trust Global Tactical Commodity Strategy Fund $17M $1.88B
AAAU Goldman Sachs Physical Gold ETF $11M $2.66B
HGER Harbor Commodity All-Weather Strategy ETF $9M $1.49B
Top 5 Laggards
SLV iShares Silver Trust ($46M) $40.62B
PPLT abrdn Physical Platinum Shares ETF ($21M) $3.28B
CMDT PIMCO Commodity Strategy Active Exchange-Traded Fund ($1M) $0.62B
KCCA KraneShares California Carbon Allowance Strategy ETF $0M $0.12B
BAR GraniteShares Gold Shares $0M $1.56B

Digital Assets

Digital Asset funds saw mixed flows, with Bitcoin funds seeing significant outflows (-$242M) while Ethereum funds gathered $118M in new assets. Altcoin funds were modest at $13M. IBIT ($229M) and ETHA ($199M) were the top two fund-level leaders.

Ticker Fund Name 1-Day Flow AUM
Top 5 Leaders
IBIT iShares Bitcoin Trust ETF $229M $72.14B
ETHA iShares Ethereum Trust ETF $199M $11.58B
XRPZ Franklin XRP ETF $7M $0.30B
XRP Bitwise XRP ETF $4M $0.32B
EETH ProShares Ether ETF $3M $0.10B
Top 5 Laggards
FBTC Fidelity Wise Origin Bitcoin Fund ($312M) $18.61B
GBTC Grayscale Bitcoin Trust ETF ($83M) $15.17B
ETHE Grayscale Ethereum Staking ETF ($53M) $2.94B
BTC Grayscale Bitcoin Mini Trust ETF ($33M) $4.46B
ETH Grayscale Ethereum Staking Mini ETF ($32M) $2.39B

Non-Traditional

Non-Traditional funds saw net outflows of -$539M, driven heavily by Leverage | Inverse funds which shed -$3.28B. However, Synthetic Income ($821M) and Buffer ($165M) products saw inflows. At the fund level, the leveraged Tesla bull TSLL ($297M) led inflows, while the semiconductor bull SOXL (-$878M) saw significant redemptions.

Ticker Fund Name 1-Day Flow AUM
Top 5 Leaders
TSLL Direxion Daily TSLA Bull 2X Shares $297M $5.80B
SOXS Direxion Daily Semiconductor Bear 3x Shares $149M $1.10B
SQQQ ProShares UltraPro Short QQQ $75M $2.30B
SPYI NEOS S&P 500 High Income ETF $69M $7.06B
AGQ ProShares Ultra Silver $51M $2.46B
Top 5 Laggards
SOXL Direxion Daily Semiconductor Bull 3x Shares ($878M) $13.58B
NVDL GraniteShares 2x Long NVDA Daily ETF ($174M) $4.47B
TQQQ ProShares UltraPro QQQ ($99M) $29.78B
ZSL ProShares UltraShort Silver ($61M) $0.32B
TMF Direxion Daily 20+ Year Treasury Bull 3X Shares ($50M) $3.81B

Recent ETF Launches

The GOLS ETF from Gabelli was one of the most recent funds to launch. The table below lists the 10 newest funds to market, including several new Buffer products from Innovator and thematic funds from Truth Social. Click the header above to explore the full ETF database.

Day of Inception Ticker Fund Name Category AUM
1/2/2026 GOLS Gabelli Opportunities in Live and Sports ETF Equity: Thematic – Evolving Consumer $10.64M
1/2/2026 DDTJ Innovator Equity Dual Directional 10 Buffer ETF – January Non-Traditional: Buffer – Equity $8.60M
1/2/2026 DDSQ Innovator Equity Dual Directional 5 Buffer ETF – Quarterly Non-Traditional: Buffer – Equity $2.88M
1/2/2026 DDNQ Innovator Growth-100 Dual Directional 5 Buffer ETF – Quarterly Non-Traditional: Buffer – Equity $10.38M
1/2/2026 DDFJ Innovator Equity Dual Directional 15 Buffer ETF – January Non-Traditional: Buffer – Equity $69.02M
1/2/2026 ARKD ARK DIET Q1 Buffer ETF Non-Traditional: Buffer – Equity $2.08M
12/31/2025 PFOE Pathfinder Focused Opportunities ETF Equity: U.S. Large Cap – Blend $5.99M
12/31/2025 PFDE Pathfinder Disciplined US Equity ETF Equity: U.S. Large Cap – Blend $4.53M
12/30/2025 TSSD Truth Social American Security & Defense ETF Equity: Thematic Industrial Revolution $2.58M
12/30/2025 TSRS Truth Social American Red State REITs ETF Equity: Sector – Real Estate $2.76M

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 January 7, 2026, and reflects create/redeem activity from Tuesday, January 6, 2026.

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.