Growth Sheds $3B as Investors Rotate into Value and Blend

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Weekly Channel Summary

The U.S. Size & Style ETF channel continues to dominate the domestic equity landscape, currently managing approximately $7.30 Trillion in assets across 949 ETFs from 264 different brands. Over the past week, the channel attracted $12.89 Billion in net new money, contributing to a robust Year-To-Date (YTD) flow total of $47.36 Billion. Momentum remains exceptionally strong on a trailing one-year basis, with the channel seeing massive total inflows of $571.03 Billion, underscoring the persistent investor preference for style-specific exposure.

This Week’s Performance Leaders and Laggards

Market performance was broadly negative this week, though a clear “Value” tilt provided relative protection. U.S. Large Cap – Value was the top-performing category, showing the most resilience with a minor decline of -0.11%. Conversely, U.S. Large Cap – Growth was the primary laggard, dropping -1.28% as interest rate sensitivity weighed on high-multiple stocks. Despite the weekly pullback, Value strategies remain the clear leaders for 2026, with U.S. Small Cap – Value currently leading the channel with a YTD return of 9.86%.

Category Performance Snapshot

Category WTD 1 Month 3 Month 6 Month YTD 1 Year
U.S. Large Cap – Value -0.11% 3.84% 9.44% 12.25% 6.73% 16.50%
U.S. Mid Cap – Value -0.18% 4.67% 12.56% 11.95% 9.06% 14.89%
U.S. Mid Cap – Growth -0.30% -2.59% 4.20% 2.74% 2.35% 6.37%
U.S. Mid Cap – Blend -0.38% 2.07% 9.98% 9.81% 6.73% 12.64%
U.S. Small Cap – Blend -0.70% 2.34% 10.78% 10.73% 7.10% 13.27%
U.S. Small Cap – Growth -0.70% 0.41% 9.53% 9.99% 5.78% 11.92%
U.S. Large Cap – Blend -0.77% -0.44% 3.94% 7.01% 1.94% 11.51%
U.S. Small Cap – Value -0.77% 4.63% 13.91% 14.32% 9.86% 15.40%
U.S. Large Cap – Growth -1.28% -4.50% -0.91% 2.36% -2.48% 7.80%

Top & Bottom ETFs by Weekly Performance

In the Large Cap space, the Innovator IBD 50 ETF (FFTY) surged 4.72%, while Defiance Retail Kings ETF (RKNG) plummeted -5.35%. Mid Caps saw the Concourse Capital Focused Equity ETF (CCFE) lead with a 4.29% gain, while Invesco S&P Midcap 400 Pure Value ETF (RFV) lagged at -2.79%. In the Small Cap arena, Bahl & Gaynor Small Cap Dividend ETF (SCDV) climbed 2.09%, whereas Harbor Active Small Cap ETF (SMLL) fell -2.58%.

Large Cap Performance

Ticker Fund Name WTD Performance
Top Performers
FFTY Innovator IBD 50 ETF 4.72%
TEXX Horizon Kinetics Texas ETF 4.41%
GQGU GQG US Equity ETF 2.93%
ABLD Abacus FCF Real Assets Leaders ETF 2.81%
KEAT Keating Active ETF 2.63%
Bottom Performers
RKNG Defiance Retail Kings ETF -5.35%
SOVF Sovereign’s Capital Flourish Fund -3.59%
AKRE Akre Focus ETF -3.58%
RUNN Running Oak Efficient Growth ETF -3.54%
QBIG Invesco Top QQQ ETF -3.29%

Mid Cap Performance

Ticker Fund Name WTD Performance
Top Performers
CCFE Concourse Capital Focused Equity ETF 4.29%
CSD Invesco S&P Spin-Off ETF 2.35%
GLRY Inspire Growth ETF 2.03%
MGMT Ballast Small/Mid Cap ETF 1.69%
TSCM Times Square Quality Mid Cap Growth ETF 1.22%
Bottom Performers
RFV Invesco S&P Midcap 400 Pure Value ETF -2.79%
QQJG Invesco ESG NASDAQ Next Gen 100 ETF -1.76%
BCSM Baron SMID Cap ETF -1.73%
IPO Renaissance IPO ETF -1.67%
ABCS Alpha Blue Capital US Small-Mid Cap Dynamic ETF -1.50%

Small Cap Performance

Ticker Fund Name WTD Performance
Top Performers
SCDV Bahl & Gaynor Small Cap Dividend ETF 2.09%
SIXS ETC 6 Meridian Small Cap Equity ETF 1.00%
OSCV Opus Small Cap Value ETF 0.82%
TMFS Motley Fool Small-Cap Growth ETF 0.75%
CSB VictoryShares Small Cap High Div Vol ETF 0.56%
Bottom Performers
SMLL Harbor Active Small Cap ETF -2.58%
RWJ Invesco S&P SmallCap 600 Revenue ETF -2.25%
SCOW Pacer S&P SC 600 Quality FCF Aristocrats ETF -2.19%
FSGS First Trust SMID Growth Strength ETF -2.07%
RZV Invesco S&P Smallcap 600 Pure Value ETF -2.02%

Analyzing the Weekly Flows

The channel posted a net inflow of $12.83 Billion this week, heavily skewed toward Large Cap Blend exposures. The U.S. Large Cap – Blend category was the clear winner, pulling in $7,405 Million in new assets, bringing its total AUM to a staggering $4,074.6 Billion. U.S. Large Cap – Value also saw meaningful participation with $5,362 Million in inflows. Conversely, U.S. Large Cap – Growth faced the steepest redemption wall, shedding $3,055 Million as investors rotated out of tech-heavy growth strategies.

Category Flows Summary

Category Fund Count AUM 5 Day 30 Day 90 Day YTD 1 Year
U.S. Large Cap – Blend 352 $4,074.6B $7,405M $18,355M $127,353M $35,421M $357,754M
U.S. Large Cap – Value 196 $971.8B $5,362M $5,641M $27,999M $5,619M $76,757M
U.S. Small Cap – Blend 65 $347.1B $1,929M $1,559M $6,688M $745M ($1,404M)
U.S. Mid Cap – Blend 68 $388.1B $953M $3,216M $10,301M $3,002M $26,877M
U.S. Small Cap – Value 36 $107.7B $250M $91M $1,737M $561M ($1,829M)
U.S. Mid Cap – Value 23 $83.5B $122M $257M $1,886M $294M $2,200M
U.S. Small Cap – Growth 19 $51.4B ($64M) ($1,329M) ($895M) ($1,270M) ($2,190M)
U.S. Mid Cap – Growth 24 $58.7B ($72M) ($153M) $1,062M ($171M) $2,434M
U.S. Large Cap – Growth 160 $1,216.4B ($3,055M) $8,109M $21,534M $3,096M $110,374M

Top & Bottom ETFs by 5-Day Flow

Leading Large Cap inflows was the SPDR S&P 500 ETF Trust (SPY) with $4,250 Million, while the Invesco QQQ Trust (QQQ) bled $3,730 Million. Mid Cap activity was headlined by the iShares Core S&P Mid-Cap ETF (IJH) adding $454 Million, compared to the Vanguard Extended Market ETF (VXF) which saw $310 Million in outflows. For Small Caps, the iShares Russell 2000 ETF (IWM) brought in $757 Million, while iShares Russell 2000 Growth ETF (IWO) led outflows with a loss of $69 Million.

Large Cap Flows

Ticker Fund Name 5-Day Flow
Inflows
SPY SPDR S&P 500 ETF Trust $4,250M
VOO Vanguard S&P 500 ETF $2,276M
RSP Invesco S&P 500 Equal Weight ETF $1,618M
DIA SPDR Dow Jones Industrial Average ETF $1,305M
VTI Vanguard Total Stock Market ETF $1,239M
Outflows
QQQ Invesco QQQ Trust Series I ($3,730M)
IVV iShares Core S&P 500 ETF ($3,598M)
MGK Vanguard Mega Cap Growth ETF ($391M)
SPYG SPDR Portfolio S&P 500 Growth ETF ($280M)
SPYM SPDR Portfolio S&P 500 ETF ($236M)

Mid Cap Flows

Ticker Fund Name 5-Day Flow
Inflows
IJH iShares Core S&P Mid-Cap ETF $454M
MDY SPDR S&P MIDCAP 400 ETF Trust $243M
VO Vanguard Mid-Cap ETF $229M
SDVY First Trust SMID Rising Dividend Achievers $82M
IWR iShares Russell Midcap ETF $71M
Outflows
VXF Vanguard Extended Market ETF ($310M)
IVOO Vanguard S&P Mid-Cap 400 ETF ($49M)
IWS iShares Russell Mid-Cap Value ETF ($45M)
IWP iShares Russell Mid-Cap Growth ETF ($41M)
IVOG Vanguard S&P Mid-Cap 400 Growth ETF ($39M)

Small Cap Flows

Ticker Fund Name 5-Day Flow
Inflows
IWM iShares Russell 2000 ETF $757M
IJR iShares Core S&P Small Cap ETF $303M
VTWO Vanguard Russell 2000 ETF $297M
VB Vanguard Small-Cap ETF $175M
AVUV Avantis U.S. Small Cap Value ETF $145M
Outflows
IWO iShares Russell 2000 Growth ETF ($69M)
CALF Pacer US Small Cap Cash Cows ETF ($30M)
VBK Vanguard Small-Cap Growth ETF ($12M)
EES WisdomTree U.S. SmallCap Fund ($12M)
VTWG Vanguard Russell 2000 Growth ETF ($11M)

Issuer League Table Update

Vanguard and iShares maintain their dominant positions at the top of the AUM leaderboard, commanding 34.28% and 27.32% of the market share, respectively. Vanguard was the biggest winner in gathering weekly inflows, capturing $5,429 Million. On the other end of the spectrum, Invesco saw the largest outflow among top issuers, losing $1,550 Million over the 5-day period.

Top 5 Issuers by AUM

Brand Fund Count AUM Market Share
Vanguard 41 $2,502.68B 34.28%
iShares 81 $1,994.33B 27.32%
SPDR 30 $1,049.21B 14.37%
Invesco 69 $681.42B 9.33%
Schwab 12 $324.53B 4.45%

Top & Bottom 3 Issuers by 5-Day Flow

Brand 5-Day Flow
Inflows
Vanguard $5,429M
SPDR $5,295M
Schwab $1,129M
Outflows
Invesco -$1,550M
iShares -$539M
Akre -$120M

For a deeper dive into these trends, access our FREE, in-depth 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.