Record $5.7 Billion Outflow from QQQ Dominates Trading Activity

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Issuer League Tables

Note on Flow Volatility: Daily flow outliers may be driven by specialized portfolio rebalancing. With the continued growth of actively managed ETFs, these events occur with greater frequency and often do not align with traditional, scheduled index rebalance dates.

Vanguard led all issuers with $2.48 billion in net inflows, continuing a strong trend that includes $9.72 billion over the past five days and $312.73 billion year-to-date. iShares followed with a respectable $1.59 billion daily intake, contributing to its $246.16 billion haul for the year. In stark contrast, Invesco experienced the largest daily outflow of any issuer, shedding $5.66 billion, which erased its positive flows for the week and month. Other notable laggards included Tradr with a $170.8 million outflow and ARK, which saw $128.3 million in redemptions, extending its year-to-date outflows to over $1 billion.

Issuer Flows (Absolute)

Brand AUM 1 Day 5 Day 30 Day YTD 1 Year
Top 5 Leaders
Vanguard $4,510.33B $2.48B $9.72B $52.94B $312.73B $540.82B
iShares $4,544.02B $1.59B $5.60B $21.13B $246.16B $477.75B
Schwab $590.54B $446.9M $1.91B $6.49B $41.13B $60.73B
F/m (may be the result of a custom rebalance) $10.39B $438.2M $426.6M $466.3M $2.00B $2.26B
JPMorgan $336.69B $336.7M $1.75B $10.21B $47.57B $80.04B
Top 5 Laggards
Invesco $942.57B ($5.66B) $268.1M $4.19B $53.30B $92.99B
Tradr $4.35B ($170.8M) ($17.0M) $292.7M $4.44B $6.32B
ARK $12.42B ($128.3M) ($114.0M) ($309.4M) ($1.03B) ($2.59B)
AB Funds (may be the result of a custom rebalance) $19.69B ($121.5M) $48.2M $530.8M $5.26B $6.67B
WisdomTree $99.78B ($105.6M) $343.7M $878.4M $4.66B $2.78B

Issuer Flows (Relative to AUM)

Brand AUM 1 Day Flow 1 Day Flow % of AUM
Top 5 Leaders
Arlington $821.2M $209.4M 25.50%
Relative Sentiment $147.4M $16.5M 11.21%
PMV $72.8M $6.2M 8.52%
F/m (may be the result of a custom rebalance) $10.39B $438.2M 4.22%
Vident $1.72B $70.8M 4.11%
Top 5 Laggards
Burney $1.25B ($63.5M) (5.06%)
Mohr Funds $100.5M ($4.2M) (4.22%)
Tradr $4.35B ($170.8M) (3.92%)
Gotham $982.5M ($37.8M) (3.84%)
IDX $91.0M ($3.2M) (3.49%)

Daily ETF Flow Analysis

The ETF market recorded a modest net inflow of $1.22 billion, masking a significant divergence between major asset classes. Fixed Income products were the clear leaders, attracting $3.73 billion in new assets, pushing their year-to-date total to $375.25 billion. Conversely, Equity ETFs saw substantial redemptions totaling $2.90 billion, driven almost entirely by a massive $5.74 billion outflow from the U.S. Large Cap Growth category. Digital Asset funds also had a strong day, pulling in $253.4 million, while Commodity and Currency funds saw minor outflows.

Asset Class Flows

Asset Class AUM 1 Day 1 Week 1 Month YTD 1 Year
Equity $12,157.14B ($2.90B) $29.22B $117.95B $773.90B $1,282.21B
Fixed Income $2,617.35B $3.73B $8.16B $51.54B $375.25B $603.51B
Commodity $313.28B ($22.4M) ($462.4M) $1.28B ($5.85B) $27.08B
Alternative $13.46B $19.0M $288.6M $561.0M $3.72B $5.29B
Multi-Asset $40.08B $73.4M $137.5M $711.3M $7.50B $12.26B
Currency $2.88B ($18.6M) ($37.8M) ($66.7M) $604.1M $489.4M
Non-Traditional $467.21B $84.0M $4.43B $19.13B $67.01B $94.36B
Digital Asset $94.35B $253.4M ($72.8M) $555.5M ($5.42B) $3.13B
Total $15,705.74B $1.22B $41.66B $191.67B $1,216.71B $2,028.32B

Category Flows (Top/Bottom 10)

Category AUM 1 Day Flow
Top 10 Leaders
Equity: Region – Country Specific $187.67B $1.12B
Equity: Global Ex-U.S. Large Cap – Blend $1,149.31B $1.08B
Equity: Emerging Large Cap $455.25B $730.1M
Equity: U.S. Large Cap – Value $1,103.59B $669.2M
Fixed Income: Taxable – Short-Term $169.55B $583.3M
Fixed Income: Taxable – High Yield $115.17B $562.3M
Equity: U.S. Mid Cap – Blend $442.54B $521.6M
Fixed Income: Taxable – Government Ultrashort $268.20B $511.9M
Equity: Global Ex-U.S. Large Cap – Value $149.79B $399.6M
Fixed Income: Taxable – Corporate $179.71B $391.1M
Bottom 10 Laggards
Equity: U.S. Large Cap – Growth $1,397.64B ($5.74B)
Equity: U.S. Large Cap – Blend $4,655.10B ($1.41B)
Non-Traditional: Leverage | Inverse – Single Stock $30.40B ($499.8M)
Equity: Sector – Information Technology $467.93B ($387.3M)
Equity: Sector – Financials $106.14B ($181.7M)
Equity: Global Ex-U.S. Small | Mid Cap $68.14B ($112.3M)
Equity: Thematic – Evolving Consumer $12.84B ($79.8M)
Equity: Sector – Real Estate $98.96B ($60.3M)
Equity: Thematic – Precious Metals $42.70B ($60.2M)
Equity: Thematic – Industrial Revolution $19.20B ($60.2M)

U.S. Size & Style

U.S. Large Cap Growth funds experienced a historic day of redemptions, dominated by a $5.71 billion outflow from the Invesco QQQ Trust Series I (QQQ). The iShares Core S&P 500 ETF (IVV) also saw a significant $2.09 billion withdrawal. Inflows were much more modest, led by the Vanguard Morningstar Total Stock Market ETF (VTI) with $386.6 million and the iShares Russell Midcap ETF (IWR) with $329.9 million. The Schwab US Dividend Equity ETF (SCHD) also gathered a notable $248.7 million.

Ticker Name AUM 1 Day Flow
Top 5 Leaders
VTI Vanguard Morningstar Total Stock Market ETF $661.48B $386.6M
IWR iShares Russell Midcap ETF $56.11B $329.9M
SCHD Schwab US Dividend Equity ETF $103.96B $248.7M
AQEC AQE Core ETF $821.2M $209.4M
VOO Vanguard S&P 500 ETF $986.86B $196.8M
Top 5 Laggards
QQQ Invesco QQQ Trust Series I $450.09B ($5.71B)
IVV iShares Core S&P 500 ETF $863.10B ($2.09B)
RSP Invesco S&P 500 Equal Weight ETF $97.14B ($165.8M)
VFMO Vanguard U.S. Momentum Factor ETF $1.83B ($129.9M)
AVUS Avantis U.S. Equity ETF $13.81B ($121.8M)

Explore the U.S. Size & Style Explorer →

Size & Style ex-U.S.

International equity funds saw healthy demand, led by broad-based strategies. The Vanguard FTSE All-World ex-US Index Fund (VEU) attracted the most capital with $498.9 million, closely followed by its sibling fund, the Vanguard Total International Stock ETF (VXUS), which added $425.3 million. Emerging markets were also in favor, with the iShares Core MSCI Emerging Markets ETF (IEMG) securing $320.9 million in new assets. Outflows were minimal in comparison, with the iShares MSCI EAFE Small-Cap ETF (SCZ) seeing the largest redemption at $84.8 million.

Ticker Name AUM 1 Day Flow
Top 5 Leaders
VEU Vanguard FTSE All-World ex-US Index Fund $68.37B $498.9M
VXUS Vanguard Total International Stock ETF $157.54B $425.3M
IEMG iShares Core MSCI Emerging Markets ETF $149.28B $320.9M
EEM iShares MSCI Emerging Markets ETF $28.55B $198.7M
EFV iShares MSCI EAFE Value ETF $29.29B $195.0M
Top 5 Laggards
SCZ iShares MSCI EAFE Small-Cap ETF $13.35B ($84.8M)
DMXF iShares ESG Advanced MSCI EAFE ETF $938.7M ($59.2M)
AVSD Avantis Responsible International Equity ETF $454.0M ($32.7M)
DFIS Dimensional International Small Cap ETF $5.74B ($32.3M)
ICOW Pacer Developed Markets International Cash Cows 100 ETF $1.81B ($8.8M)

Explore the Global (ex-U.S.) Size & Style Explorer →

Sector & Industry

The semiconductor industry presented a divided picture, with the VanEck Semiconductor ETF (SMH) gathering $215.5 million while the iShares Semiconductor ETF (SOXX) shed a substantial $505.1 million. Healthcare funds saw positive interest, led by a $113.5 million inflow into the iShares U.S. Healthcare ETF (IYH). On the other side, Financials and Technology Software sectors faced headwinds, with the iShares U.S. Financials ETF (IYF) and iShares Expanded Tech-Software Sector ETF (IGV) losing $107.8 million and $84.0 million, respectively.

Ticker Name AUM 1 Day Flow
Top 5 Leaders
SMH VanEck Semiconductor ETF $67.89B $215.5M
IYH iShares U.S. Healthcare ETF $3.59B $113.5M
ITA iShares U.S. Aerospace & Defense ETF $13.99B $59.4M
PSI Invesco Semiconductors ETF $2.32B $45.9M
IDU iShares U.S. Utilities ETF $1.47B $45.2M
Top 5 Laggards
SOXX iShares Semiconductor ETF $44.77B ($505.1M)
IYF iShares U.S. Financials ETF $4.43B ($107.8M)
IGV iShares Expanded Tech-Software Sector ETF $13.12B ($84.0M)
KBWB Invesco KBW Bank ETF $6.69B ($77.7M)
IYR iShares U.S. Real Estate ETF $4.63B ($63.4M)

Explore the Sector & Industry Explorer →

Region & Country

Country-specific ETFs focused on Asia saw significant inflows, with the iShares MSCI South Korea ETF (EWY) leading all funds on the day with a remarkable $766.7 million intake. The iShares MSCI Taiwan ETF (EWT) also attracted a strong $334.7 million. Redemptions were concentrated in Japan-focused funds, as the iShares MSCI Japan ETF (EWJ) saw outflows of $97.9 million. Elsewhere, the VanEck China Semiconductor ETF (SMHC) shed $45.8 million (may be the result of a custom rebalance).

Ticker Name AUM 1 Day Flow
Top 5 Leaders
EWY iShares MSCI South Korea ETF $23.49B $766.7M
EWT iShares MSCI Taiwan ETF $10.01B $334.7M
EWN iShares MSCI Netherlands ETF $692.3M $70.9M
EWG iShares MSCI Germany ETF $1.65B $64.4M
EWC iShares MSCI Canada ETF $6.21B $35.9M
Top 5 Laggards
EWJ iShares MSCI Japan ETF $21.98B ($97.9M)
SMHC VanEck China Semiconductor ETF (may be the result of a custom rebalance) $89.0M ($45.8M)
DXJ WisdomTree Japan Hedged Equity Fund $7.12B ($43.3M)
EWW iShares MSCI Mexico ETF $1.97B ($15.4M)
EPU iShares MSCI Peru and Global Exposure ETF $537.4M ($8.7M)

Explore the Region & Country Explorer →

Thematic

The artificial intelligence theme continued to attract capital, with the iShares A.I. Innovation and Tech Active ETF (BAI) pulling in a notable $204.7 million. Infrastructure-related funds also saw modest demand, including the First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index (GRID) with a $35.3 million inflow. In contrast, the ARK Innovation ETF (ARKK) saw another $54.7 million head for the exits, contributing to its $309.4 million outflow over the past month. Gold miner and internet-themed funds also experienced redemptions.

Ticker Name AUM 1 Day Flow
Top 5 Leaders
BAI iShares A.I. Innovation and Tech Active ETF $12.82B $204.7M
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index $11.49B $35.3M
BKGI BNY Mellon Global Infrastructure Income ETF $1.31B $24.9M
IFRA iShares U.S. Infrastructure ETF $4.55B $21.2M
GUNR FlexShares Morningstar Global Upstream Natural Resources Index Fund $7.30B $21.1M
Top 5 Laggards
RING iShares MSCI Global Gold Miners ETF $2.11B ($56.0M)
ARKK ARK Innovation ETF $5.70B ($54.7M)
FDN First Trust Dow Jones Internet Index Fund $5.01B ($40.2M)
SHLD Global X Defense Tech ETF $6.91B ($34.5M)
ARKG ARK Genomic Revolution ETF $1.58B ($33.4M)

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Fixed Income

Fixed income funds had a strong session, led by significant interest in high-yield corporate bonds. The iShares iBoxx $ High Yield Corporate Bond ETF (HYG) was the top gatherer, pulling in $539.3 million. International and short-term corporate debt also saw solid inflows, with the iShares Core International Aggregate Bond ETF (IAGG) adding $308.6 million and the Vanguard Short-Term Corporate Bond ETF (VCSH) collecting $275.3 million. The RBB Fund Inc F/m Accumulator Ultrashort Treasury Fund (SGVA) added $251.7 million (may be the result of a custom rebalance), while the iShares 0-3 Month Treasury Bond ETF (SGOV) led outflows at $292.0 million.

Ticker Name AUM 1 Day Flow
Top 5 Leaders
HYG iShares iBoxx $ High Yield Corporate Bond ETF $17.12B $539.3M
IAGG iShares Core International Aggregate Bond ETF $11.23B $308.6M
VCSH Vanguard Short-Term Corporate Bond ETF $45.04B $275.3M
TBLL Invesco Short Term Treasury ETF $2.87B $262.9M
SGVA RBB Fund Inc F/m Accumulator Ultrashort Treasury Fund (may be the result of a custom rebalance) $361.2M $251.7M
Top 5 Laggards
SGOV iShares 0-3 Month Treasury Bond ETF $99.92B ($292.0M)
AGG iShares Core U.S. Aggregate Bond ETF $137.50B ($244.0M)
BSCQ Invesco BulletShares 2026 Corporate Bond ETF $3.59B ($43.9M)
LMUB iShares Long-Term National Muni Bond ETF $1.59B ($37.3M)
SHY iShares 1-3 Year Treasury Bond ETF $25.09B ($24.6M)

Explore the related Explorers: Taxable → · Municipal → · Specialty →

Commodity

Commodity funds experienced net outflows of $22.4 million, with precious metals showing a clear split between silver and gold. Silver-backed ETFs were in favor, as the iShares Silver Trust (SLV) attracted a substantial $167.9 million. This was more than offset by redemptions from gold funds, with SPDR Gold Shares (GLD) losing $113.1 million. Energy-focused funds also saw outflows, including a $25.5 million withdrawal from the United States Oil Fund LP (USO).

Ticker Name AUM 1 Day Flow
Top 5 Leaders
SLV iShares Silver Trust $28.24B $167.9M
SIVR abrdn Physical Silver Shares ETF $3.92B $22.1M
HGER Harbor Commodity All-Weather Strategy ETF $3.67B $14.4M
UGA United States Gasoline Fund LP $135.9M $5.9M
BCI abrdn Bloomberg All Commodity Strategy K-1 Free ETF $2.98B $1.2M
Top 5 Laggards
GLD SPDR Gold Shares $133.06B ($113.1M)
IAU iShares Gold Trust $60.99B ($38.6M)
USO United States Oil Fund LP $1.96B ($25.5M)
CPER United States Copper Index Fund $733.0M ($15.7M)
DBC Invesco DB Commodity Index Tracking Fund $1.69B ($14.6M)

Explore the Commodities Explorer →

Cryptocurrency

Digital asset ETFs posted a strong day of inflows totaling $253.4 million, reversing the category’s negative flow trend over the past week. The iShares Bitcoin Trust ETF (IBIT) was the dominant force, single-handedly pulling in $183.4 million. Other spot bitcoin and ethereum funds, such as the Bitwise Bitcoin ETF Trust (BITB) and iShares Ethereum Trust ETF (ETHA), also saw modest inflows of $20.7 million and $16.2 million, respectively. Outflows from the category were negligible for the session.

Ticker Name AUM 1 Day Flow
Top 5 Leaders
IBIT iShares Bitcoin Trust ETF $47.86B $183.4M
BITB Bitwise Bitcoin ETF Trust $2.40B $20.7M
ETHA iShares Ethereum Trust ETF $5.58B $16.2M
FBTC Fidelity Wise Origin Bitcoin Fund $11.13B $15.5M
MSBT Morgan Stanley Bitcoin Trust ETF $403.5M $7.4M
Top 5 Laggards
FETH Fidelity Ethereum Fund ETF $907.4M ($2.9M)
ETHE Grayscale Ethereum Staking ETF $1.47B ($1.6M)
ETHV VanEck Ethereum ETF $93.4M ($702.2K)
BTRN Global X Bitcoin Trend Strategy ETF $740.4K ($124)
TDOT 21shares Polkadot ETF Shares of Beneficial Interest $7.0M $0

Explore the Digital Assets Explorer →

Non-Traditional

Non-traditional ETFs saw net inflows of $84.0 million, led by income-oriented strategies. The FT Vest S&P 500 Dividend Aristocrats Target Income ETF (KNG) was the top performer with a $152.7 million intake. Leveraged bullish semiconductor funds also saw buying, with the Direxion Daily Semiconductor Bull 3X ETF (SOXL) adding $97.7 million. Outflows were concentrated in single-stock leveraged products, with the Tradr 2X Long SNDK Daily ETF (SNXX) and Direxion Daily MSFT Bull 2X ETF (MSFU) shedding $170.5 million and $158.4 million, respectively, while the AB International Buffer ETF Intl Buffer ETF (BUFI) lost $134.5 million (may be the result of a custom rebalance).

Ticker Name AUM 1 Day Flow
Top 5 Leaders
KNG FT Vest S&P 500 Dividend Aristocrats Target Income ETF $3.54B $152.7M
SOXL Direxion Daily Semiconductor Bull 3X ETF $19.56B $97.7M
SNDQ Tradr 2X Short SNDK Daily ETF $135.4M $55.9M
SPYI NEOS S&P 500 High Income ETF $10.98B $55.1M
TECL Direxion Daily Technology Bull 3X ETF $5.17B $52.3M
Top 5 Laggards
SNXX Tradr 2X Long SNDK Daily ETF $1.53B ($170.5M)
MSFU Direxion Daily MSFT Bull 2X ETF $812.2M ($158.4M)
BUFI AB International Buffer ETF Intl Buffer ETF (may be the result of a custom rebalance) $142.1M ($134.5M)
LITX Tradr 2X Long LITE Daily ETF $184.8M ($69.2M)
MUU Direxion Daily MU Bull 2X ETF $3.86B ($66.5M)

Explore the related Explorers: Buffer → · Synthetic Income → · Leverage | Inverse →

Recent Launches

The past week saw several new fund launches across different asset classes and strategies. JPMorgan entered the market with its U.S. Large Cap Value Plus ETF (JLVP), which debuted with $25.0 million in assets. Aristotle launched two income-focused funds, the Aristotle Short Term Income ETF (SDUR) and Aristotle Core Plus Income ETF (ARCP), both starting with $5.0 million. Direxion expanded its suite of synthetic income products with several single-stock focused ETFs, while Wasatch launched a Small/Mid Cap ETF (WSMD).

Ticker Name ETF Action Category Inception AUM
ELOL Leverage Shares 100% TSLA AND 100% SPCX Daily ETF Non-Traditional: Leverage | Inverse – Equity 7/30/2026 $0
SDUR Aristotle Short Term Income ETF Unclassified 7/30/2026 $5.0M
JLVP JPMorgan U.S. Large Cap Value Plus ETF Unclassified 7/30/2026 $25.0M
MUIB Direxion MU Defined Income Boost ETF Non-Traditional: Synthetic Income – Single Stock 7/29/2026 $2.1M
PLIB Direxion PLTR Defined Income Boost ETF Non-Traditional: Synthetic Income – Single Stock 7/29/2026 $2.0M
WSMD Wasatch Small/Mid Cap ETF Equity: U.S. Mid Cap – Growth 7/29/2026 $2.5M
BNAV Amplify Fairlead Tactical Bitcoin ETF Digital Asset: Cryptocurrency – Bitcoin 7/29/2026 $758.3K
MEIB Direxion META Defined Income Boost ETF Non-Traditional: Synthetic Income – Single Stock 7/29/2026 $1.8M
ARCP Aristotle Core Plus Income ETF Fixed Income: Taxable – Core Enhanced 7/29/2026 $5.0M
TSIB Direxion TSLA Defined Income Boost ETF Non-Traditional: Synthetic Income – Single Stock 7/29/2026 $2.0M

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 July 31, 2026, and reflects create/redeem activity from Friday, July 31, 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.

©2026 ETF Action, Inc. All Rights Reserved. Data provided by FactSet.