This Week In ETFs

2.5.2021

 

This Week In ETFs
Week of Feb. 1-5, 2021

 

What happened in ETF markets this week? We crunch the numbers below.

NOTE: Unless otherwise stated, data range is from Monday through Thursday's close. ETNs and leveraged/inverse ETFs are excluded.

Quick Stats

Total # of ETFs: 2,414
Total AUM: $5.69 trillion
Average Expense Ratio: 0.54%
5-Day Net Flows: $15.63 billion
30-Day Net Flows: $94.80 billion
90-Day Net Flows: $268.00 billion
YTD Net Flows: $81.13 billion
1-Year Net Flows: $526.03 billion

Best Performing ETFs

Cannabis ETFs led in performance this week, with the Global X Cannabis ETF (POTX) taking the top spot, at a 28.48% return. Other strong performers include the Cannabis ETF (THCX), which rose 25.93%; Amplify Seymour Cannabis ETF (CNBS), which rose 24.02%; the ETFMG Alternative Harvest ETF (MJ), which rose 23.52%; and the AdvisorShares Pure Cannabis ETF (YOLO), which rose 22.78%.

Worst Performing ETFs

As GameStop (GME) fell from its lofty highs this week, so too did ETFs holding the games retailer. The Wedbush ETFMG Video Game Tech ETF (GAMR) dropped 17.90%; the SPDR S&P Retail ETF (XRT) fell 12.33%; and the Invesco S&P SmallCap Value With Momentum ETF (XSVM) fell 7.17%.

But the biggest decline was notched by a volatility ETF: the ProShares VIX Short-Term Futures ETF (VIXY)  fell 21.92%. The ProShares VIX Mid-Term Futures ETF (VIXM) also fell 6.7%.

ETFs with the Largest 5-Day Net Inflows

r/WallStreetBets moved on from GameStop to silver this week, and the iShares Silver Trust (SLV) was the main beneficiary, gaining $2.58 billion in new net assets. But the Vanguard S&P 500 ETF (VOO) saw by far the highest inflows this week, with $8.48 billion in new net assets. 

 

 

Other ETFs seeing significant inflows included the iShares iBoxx $ High Yield Corporate Bond ETF (HYG), which brought in $2.47 billion; the iShares U.S. Real Estate ETF (IYR), which brought in $938 million; and the ARK Innovation ETF (ARKK), which brought in $824 million.

ETFs with the Largest 5-Day Net Outflows

The SPDR S&P 500 ETF (SPY) led 5-day net outflows with a loss of $4.03 billion in assets; the iShares Core S&P 500 ETF (IVV) also saw significant outflows of $1.03 billion. In addition, small caps saw outflows: The iShares Russell 2000 ETF (IWM) lost $1.58 billion in net outflows..

Other funds seeing big outflows included the SPDR S&P Dividend ETF (SDY), which shaved $1.37 billion in assets; and the iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD), which lost $1.12 billion.

ETF With the Highest Weighted Average Market Cap

It's no secret that tech funds skew toward mega caps. The mega-est mega cap ETF of them all is the Technology Select Sector SPDR Fund (XLK), with a weighted averaged market capitalization of $918.72 billion.

Notably, although XLK has 75 stocks in its portfolio, an eyepopping 67.23% of its portfolio is weighted to its top ten holdings. Its two largest holdings are Apple (AAPL) and Microsoft (MSFT), which account for 22% and 21% of the portfolio, respectively.

ETFs at the Largest % Above & Below Their 50-Day SMAs

Funds closing at significant levels above or below their 50-day simple moving averages (SMA) tend to be exhibiting trends to the upside and downside, respectively.

The ETF at the largest percentage above its 50-day SMA is the Global X Cannabis ETF (POTX), which is 47.27% above its 50-day SMA.

Source: ETF Action

Conversely, the ETF at the largest percentage below its 50-day SMA is the U.S. Global GO GOLD and Precious Miners ETF (GOAU), which is 7.13% below its 50-day SMA.

Source: ETF Action

Notable Launches: 1/29-2/4

  • Main Thematic Innovation ETF (TMAT) – Actively managed ETF-of-ETFs that tracks disruptive innovation.
  • TrueShares Structured Outcome (February) ETF (FEBZ) – Defined outcome ETF using FLEX options that targets an 8-12% return, with no downside buffer and reduced exposure to upside.
  • Gabelli Love Our Planet & People ETF (LOPP) – Nontransparent active ETF from ETF newcomer Gabelli. Fund combines value and ESG screens, focusing on environment/sustainability. No fee charged on first $100 million in assets invested in the ETF.
  • AdvisorShares Alpha DNA Equity Sentiment ETF (SENT) - Actively managed ETF that utilizes machine learning and options hedging to mitigate market losses during declines and stay invested.
  • Fidelity Growth Opportunities ETF (FGRO) – Nontransparent active ETF that clones a popular Fidelity mutual fund that targets stocks expected to see above-average growth.
  • Fidelity Magellan ETF (FMAG) – Nontransparent active ETF that clones the Fidelity Magellan Fund, once the world's largest mutual fund.  
  • Fidelity Real Estate Investment ETF (FPRO) – Nontransparent active ETF that clones a popular Fidelity mutual fund that targets real estate stocks. (CHECK)  
  • Fidelity Small-Mid Cap Opportunities ETF (FSMO) – Nontransparent active ETF that uses a quantitative method to select small- and mid-cap stocks.
  • SPDR Nuveen Municipal Bond ETF (MBND) – Actively managed municipal bond ETF whose exposure ranges from states down to individual districts.  

Notable Closures: 1/29-2/4

  • IQ Enhanced Core Plus Bond U.S. ETF (AGGP) – closed Feb. 4.

Notable Filings: 1/29-2/4

No notable filings this week.

Lara Crigger is the Editor-in-Chief of ETF Action. Contact her at lara@etfaction.com

 

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