Weekly Channel Summary
The U.S. Size & Style ETF channel, comprising 887 ETFs from 245 issuers, currently holds a total of $6.761 trillion in assets under management. Over the past week, the channel saw significant net inflows of $14.81 billion. This positive momentum continues a strong trend, with year-to-date flows reaching $356.90 billion and flows over the past year totaling an impressive $575.10 billion.
This Week’s Performance Leaders and Laggards
This week, smaller cap ETFs led the charge, with U.S. Small Cap Growth delivering the strongest performance with a 2.46% week-to-date return, contributing to its 7.78% gain year-to-date. On the other end of the spectrum, U.S. Mid Cap Growth was the primary laggard, posting the lowest return of the week at 1.35%, though it remains firmly positive with an 8.66% gain year-to-date.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| U.S. Small Cap – Growth | 2.46% | 0.75% | 6.26% | 25.38% | 7.78% | 6.43% |
| U.S. Small Cap – Blend | 2.33% | -0.86% | 4.42% | 21.53% | 5.57% | 3.69% |
| U.S. Small Cap – Value | 2.24% | -2.09% | 3.60% | 21.48% | 2.40% | 0.53% |
| U.S. Mid Cap – Blend | 1.90% | -0.85% | 2.97% | 19.20% | 6.04% | 4.00% |
| U.S. Mid Cap – Value | 1.90% | -1.82% | 2.01% | 17.13% | 4.80% | 2.40% |
| U.S. Large Cap – Value | 1.68% | -0.12% | 3.69% | 15.98% | 9.59% | 5.85% |
| U.S. Large Cap – Growth | 1.62% | 1.07% | 6.19% | 32.01% | 15.39% | 18.75% |
| U.S. Large Cap – Blend | 1.60% | 0.53% | 4.92% | 22.11% | 11.54% | 11.05% |
| U.S. Mid Cap – Growth | 1.35% | -1.38% | 3.31% | 23.66% | 8.66% | 9.68% |
Top & Bottom ETFs by Weekly Performance
Among large-cap ETFs, the SMART Earnings Growth 30 ETF (SGRT) was the standout performer with a 4.87% gain, while the SMI 3Fourteen Full-Cycle Trend ETF (FCTE) lagged with a -0.86% return. In the mid-cap space, the Invesco S&P Spin-Off ETF (CSD) surged by 3.63%, whereas the Renaissance IPO ETF (IPO) was the worst performer, declining by -2.95%. For small caps, the First Trust Small Cap Growth AlphaDEX Fund (FYC) led with a 3.68% return, and the Themes US Small Cap Cash Flow Champions ETF (SMCF) was the weakest, posting a 0.58% gain.
Large Cap Performance
| Top Performers | ||
| SGRT | SMART Earnings Growth 30 ETF | 4.87% |
| TCV | Towle Value ETF | 4.53% |
| HCMT | Direxion HCM Tactical Enhanced US ETF | 3.90% |
| PEXL | Pacer US Export Leaders ETF | 3.82% |
| MVFD | Monarch Volume Factor Dividend Tree ETF | 3.62% |
| Bottom Performers | ||
| FCTE | SMI 3Fourteen Full-Cycle Trend ETF | -0.86% |
| ATFV | Alger 35 ETF | -0.63% |
| DVOL | First Trust Dorsey Wright Momentum & Low Volatility ETF | -0.62% |
| GOGU | GQG US Equity ETF | -0.28% |
| RVER | Trenchless Fund ETF | 0.01% |
Mid Cap Performance
| Top Performers | ||
| CSD | Invesco S&P Spin-Off ETF | 3.63% |
| CBSE | Clough Select Equity ETF | 3.20% |
| SMCO | Hilton Small-MidCap Opportunity ETF | 3.12% |
| GLRY | Inspire Faithward Mid Cap Momentum ETF | 2.99% |
| JSMD | Janus Henderson Small/Mid Cap Growth Alpha ETF | 2.90% |
| Bottom Performers | ||
| IPO | Renaissance IPO ETF | -2.95% |
| FRTY | Alger Mid Cap 40 ETF | -0.49% |
| OCFS | Otter Creek Focus Strategy ETF | -0.03% |
| XMVM | Invesco S&P MidCap Value with Momentum ETF | 0.17% |
| AWEG | Alger Weatherbie Enduring Growth ETF | 0.26% |
Small Cap Performance
| Top Performers | ||
| FYC | First Trust Small Cap Growth AlphaDEX Fund | 3.68% |
| SCOW | Pacer S&P SmallCap 600 Quality FCF Aristocrats ETF | 3.45% |
| FYX | First Trust Small Cap Core AlphaDEX Fund | 3.26% |
| RZV | Invesco S&P Smallcap 600 Pure Value ETF | 3.17% |
| SLYV | SPDR S&P 600 Small Cap Value ETF | 3.16% |
| Bottom Performers | ||
| SMCF | Themes US Small Cap Cash Flow Champions ETF | 0.58% |
| FDM | First Trust Dow Jones Select MicroCap Index Fund | 0.73% |
| SMMV | iShares MSCI USA Small-Cap Min Vol Factor ETF | 1.23% |
| XSHD | Invesco S&P SmallCap High Dividend Low Volatility ETF | 1.43% |
| XSLV | Invesco S&P SmallCap Low Volatility ETF | 1.45% |
Analyzing the Weekly Flows
This week, the channel attracted a total of $14.806 billion in net inflows. The U.S. Large Cap Blend category was the clear winner, pulling in an impressive $9.213 billion. This category, which holds $3.789 trillion in AUM, continues to be a favorite among investors. Another category with significant inflows was U.S. Large Cap Growth, which gathered $4.187 billion. On the flip side, U.S. Mid Cap Value experienced the largest outflows, with a modest $31 million leaving the category.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| U.S. Large Cap – Blend | 332 | $3,789.0B | $9,213M | $39,784M | $83,712M | $215,428M | $339,305M |
| U.S. Large Cap – Growth | 147 | $1,188.3B | $4,187M | $13,746M | $32,090M | $89,043M | $125,991M |
| U.S. Mid Cap – Blend | 67 | $352.3B | $562M | $1,944M | $4,369M | $19,072M | $31,941M |
| U.S. Large Cap – Value | 188 | $844.5B | $320M | $5,972M | $15,177M | $44,925M | $70,208M |
| U.S. Small Cap – Value | 33 | $93.5B | $189M | ($599M) | $797M | ($3,210M) | ($985M) |
| U.S. Small Cap – Blend | 59 | $311.9B | $156M | ($2,008M) | ($1,176M) | ($9,374M) | $1,924M |
| U.S. Small Cap – Growth | 17 | $50.1B | $139M | ($36M) | ($165M) | ($1,995M) | $42M |
| U.S. Mid Cap – Growth | 23 | $58.8B | $71M | $160M | $1,537M | $1,761M | $3,014M |
| U.S. Mid Cap – Value | 21 | $73.0B | ($31M) | ($149M) | $810M | $1,233M | $3,649M |
Top & Bottom ETFs by 5-Day Flow
In the large-cap segment, the Vanguard S&P 500 ETF (VOO) attracted the most capital with $4.05 billion in inflows, while the SPDR S&P 500 ETF Trust (SPY) saw the largest outflows at $1.24 billion. For mid-caps, the Vanguard Mid-Cap ETF (VO) led inflows with $197 million, and the SPDR Portfolio S&P 400 Mid Cap ETF (SPMD) experienced the most significant outflows of $115 million. Among small-caps, the Principal U.S. Small-Cap ETF (PSC) gathered the most assets with $186 million in inflows, while the iShares Russell 2000 ETF (IWM) had the largest outflows at $241 million.
Large Cap Flows
| Inflows | ||
| VOO | Vanguard S&P 500 ETF | $4,050M |
| IVV | iShares Core S&P 500 ETF | $3,247M |
| QQQ | Invesco QQQ Trust Series I | $2,200M |
| SPLG | SPDR Portfolio S&P 500 ETF | $2,086M |
| IWB | iShares Russell 1000 ETF | $702M |
| Outflows | ||
| SPY | SPDR S&P 500 ETF Trust | ($1,244M) |
| DIA | SPDR Dow Jones Industrial Average ETF Trust | ($754M) |
| RSP | Invesco S&P 500 Equal Weight ETF | ($702M) |
| SCHD | Schwab US Dividend Equity ETF | ($295M) |
| USMC | Principal U.S. Mega-Cap ETF | ($203M) |
Mid Cap Flows
| Inflows | ||
| VO | Vanguard Mid-Cap ETF | $197M |
| IJH | iShares Core S&P Mid-Cap ETF | $110M |
| IWR | iShares Russell Midcap ETF | $90M |
| FMDE | Fidelity Enhanced Mid Cap ETF | $78M |
| VXF | Vanguard Extended Market ETF | $57M |
| Outflows | ||
| SPMD | SPDR Portfolio S&P 400 Mid Cap ETF | ($115M) |
| EZM | WisdomTree U.S. MidCap Fund | ($47M) |
| IWS | iShares Russell Mid-Cap Value ETF | ($41M) |
| SCHM | Schwab U.S. Mid-Cap ETF | ($27M) |
| IJJ | iShares S&P Mid-Cap 400 Value ETF | ($19M) |
Small Cap Flows
| Inflows | ||
| PSC | Principal U.S. Small-Cap ETF | $186M |
| AVUV | Avantis U.S. Small Cap Value ETF | $150M |
| VTWO | Vanguard Russell 2000 ETF | $147M |
| IWO | iShares Russell 2000 Growth ETF | $82M |
| SMLF | iShares U.S. Small Cap Equity Factor ETF | $67M |
| Outflows | ||
| IWM | iShares Russell 2000 ETF | ($241M) |
| VB | Vanguard Small-Cap ETF | ($66M) |
| CALF | Pacer US Small Cap Cash Cows ETF | ($43M) |
| SPSM | SPDR Portfolio S&P 600 Small Cap ETF | ($29M) |
| OUSM | ALPS O’Shares US Small-Cap Quality Dividend ETF | ($23M) |
Issuer League Table Update
Vanguard and iShares continue to dominate the market, holding 34.14% and 27.59% of the channel’s AUM, respectively. This week, Vanguard was the top asset gatherer, attracting an impressive $6.09 billion in net inflows. Among the leading issuers, Pacer experienced the largest outflows, with $222 million leaving its funds.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| Vanguard | 38 | $2,308.58B | 34.14% |
| iShares | 80 | $1,865.33B | 27.59% |
| SPDR | 30 | $985.56B | 14.58% |
| Invesco | 69 | $648.11B | 9.59% |
| Schwab | 12 | $296.71B | 4.39% |
Top & Bottom 3 Issuers by 5-Day Flow
| Inflows | |
| Vanguard | $6,090M |
| iShares | $4,811M |
| Invesco | $1,737M |
| Outflows | |
| STF | ($154M) |
| Schwab | ($172M) |
| Pacer | ($222M) |
For a deeper dive into these trends, access our FREE, in-depth Thematic 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.
