ETF Action: Research

10.1.2023

An overview of the broad U.S. Size & Style ETF landscape - Performance, Flows, Valuations, Earnings, & Technicals.

• Small-caps see over $2 billion in net inflows over the past week;
• All size & style have seen losses thus far in September, Large-cap Value leads (-3.79%) while small-cap growth lags (-6.24%)
• Avantis U.S. Large Cap Value ETF (AVLV) best performing size & style ETF over the past month, down 2.98%
• Last week's sell-off now leaves only large-cap blend and large-cap growth trading above their 50 day moving averages

9.27.2023

An overview of the Global Thematic ETF landscape - Performance, Flows, Valuations, Earnings, & Technicals.

• Health Innovation was the lone thematic segment with net inflows over the past week with +$40 million
• The ARK Innovation ETF (ARKK) saw the largest net outflows on the week ($171 million)
• Month-to-date all thematic categories have negative performance; Evolving Consumer is leading (-4.16%) while FinTech is lagging (-13.21%)
• Best Performing Global Thematic ETF Over the Past Month: Roundhill Cannabis ETF (WEED) up 67.06%

9.26.2023

An overview of the U.S. Factor ETF landscape - Performance, Flows, Valuations, Earnings, & Technicals.

• All U.S. factor categories saw net inflows over the past week; the Size factor led with $317 million in net inflows
• Invesco S&P 500 Equal Weight ETF (RSP) leads all factor ETFs in net inflows last week with $548 million
• Low Volatility leads in September performance thus far, only down 2.99%. Momentum/Growth lags, down 5.09%
• Alpha Architect US Quantitative Value ETF (QVAL) best performer over the past month, up 2.30%

9.25.2023

An overview of the U.S. Sector ETF landscape - Performance, Flows, Valuations, Earnings, & Technicals.

• For the second consecutive week, Energy ETFs led other sectors in net inflows in the past week with $276 million; they now have $1.8 billion in net inflows over the past 3 months
• The Financial Select Sector SPDR Fund (XLF) saw $915 million in net outflows over the last week; by far the most of any sector ETF
• Utilities remains the only sector with positive performance thus far in September, up 41 basis points. Tech lags all sectors (-7.15%)
• The Invesco KBW Property & Casualty Insurance ETF (KBWP) is the best performing sector ETF over past month, up 6.50%

9.24.2023

An overview of the broad U.S. Size & Style ETF landscape - Performance, Flows, Valuations, Earnings, & Technicals.

• Large-cap beta ETFs saw nearly $5 billion in net inflows over the past week; Small-cap Beta saw $1.4 billion in net inflows as well
• All size & style have seen losses thus far in September, Large-cap Value leads (-2.84%) while small-cap growth lags (-6.75%)
• Vanguard Mega Cap Value ETF (MGV) is the best performing size & style ETF over the past month (-0.18%)
• Last week's sell-off now leaves only large-cap blend, large-cap value, and large-cap growth trading above their 50 day moving averages

9.20.2023

An overview of the Global Thematic ETF landscape - Performance, Flows, Valuations, Earnings, & Technicals.

• All thematic segments saw net outflows over the past week except for Multi-theme ETFs, which gathered just $14 million in net inflows
• The ARK Innovation ETF (ARKK) saw the largest net inflows on the week ($66 million)
• Month-to-date all thematic categories have negative performance; Evolving Consumer is leading (-0.44%) while FinTech is lagging (-5.74%)
• Best Performing Global Thematic ETF Over the Past Month: Roundhill Cannabis ETF (WEED) up 67.9%
• Worst Performing Global Thematic ETF Over the Past Month: Valkyrie Bitcoin Miners ETF (WGMI) down 9.8%

9.19.2023

An overview of the U.S. Factor ETF landscape - Performance, Flows, Valuations, Earnings, & Technicals.

• Flows over the past week have favored Quality Factor ETFs with $303 million in net inflows; Low Volatility ETFs lagged with $32 million in net outflows
• iShares MSCI USA Quality Factor ETF (QUAL) saw $275 million in net inflows over the past week (making up the majority of Quality ETF inflows)
• Over the past month, the Harbor Long-Term Growers ETF (WINN) is the best performer among factor ETFs, up 4.03% (and up 37% YTD)
• The Janus Henderson Small Cap Growth Alpha ETF (JSML) has been the worst performing factor ETF over the past month, down 3.48%.