Small Cap Value Shines While Large Cap Value Vacuums Up Flows: U.S. Size & Style Weekly Recap

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Weekly Channel Summary

The U.S. Size & Style ETF universe represents a massive footprint in the domestic equity market. As of this past week, the channel tracks 974 distinct ETFs across 276 active brands, managing a combined $8,105B in Assets Under Management (AUM). Investor appetite remains robust across the spectrum, driving $8.46B in net inflows over the past 5 days. This most recent influx brings the year-to-date (YTD) net flows to $228.20B and the 1-year rolling flows to a staggering $626.76B.

This Week’s Performance Leaders and Laggards

Equities advanced broadly this week, with smaller capitalization and value-oriented strategies leading the charge. U.S. Small Cap Value posted the strongest category performance with a 2.70% week-to-date (WTD) return, helping to lift its YTD gain to 13.93%. Conversely, U.S. Large Cap Growth lagged its peers, posting a modest 1.11% WTD gain, though it retains a solid 10.10% return YTD.

Category Performance Snapshot

Category WTD 1 Month 3 Month 6 Month YTD 1 Year
U.S. Small Cap – Value 2.70% 0.95% 3.08% 19.16% 13.93% 33.16%
U.S. Small Cap – Blend 2.41% 1.43% 4.44% 16.92% 12.39% 29.21%
U.S. Small Cap – Growth 2.31% 2.40% 7.92% 19.56% 14.46% 32.34%
U.S. Large Cap – Value 2.28% 2.99% 2.87% 14.06% 10.10% 25.14%
U.S. Mid Cap – Value 2.25% 0.76% -0.06% 13.78% 9.43% 23.55%
U.S. Mid Cap – Blend 2.12% 1.16% 2.44% 14.85% 10.35% 23.92%
U.S. Mid Cap – Growth 2.11% 2.72% 5.64% 14.17% 9.63% 20.34%
U.S. Large Cap – Blend 1.45% 3.59% 5.78% 12.90% 8.68% 24.68%
U.S. Large Cap – Growth 1.11% 5.27% 11.34% 15.31% 10.10% 29.01%

Top & Bottom ETFs by Weekly Performance

Looking at individual funds across the size spectrum, MEME (Roundhill Meme Stock ETF) surged to the top of the Large Cap space with a massive 10.02% weekly gain. In the Mid Cap segment, IPO (Renaissance IPO ETF) shined with an 8.18% return. Among Small Caps, CALF (Pacer US Small Cap Cash Cows ETF) led the way up 4.45%. On the downside, focused and momentum strategies like FMTM and XMMO experienced more muted or negative performance.

Large Cap: Top 5 Performers (WTD)
Ticker Fund Name WTD Performance
MEME Roundhill Meme Stock ETF 10.02%
CPAI Counterpoint Quantitative Equity ETF 6.50%
RKNG Defiance Retail Kings ETF 6.35%
QQQA ProShares Nasdaq-100 Dorsey Wright Momentum ETF 5.31%
FCFY First Trust S&P 500 Diversified Free Cash Flow ETF 5.31%
Large Cap: Bottom 5 Performers (WTD)
FMTM Market Desk Focused U.S. Momentum ETF -1.68%
FFTY CapForce IBD 50 ETF -1.58%
QBIG Invesco Top QQQ ETF -1.31%
LSGR Natixis Loomis Sayles Focused Growth ETF -1.07%
SEMG Suncoast Select Growth ETF -0.77%
Mid Cap: Top 5 Performers (WTD)
Ticker Fund Name WTD Performance
IPO Renaissance IPO ETF 8.18%
QQQJ Invesco NASDAQ Next Gen 100 ETF 4.41%
ISMD Inspire Small/Mid Cap ETF 3.69%
RNIN Bushido Capital US SMID Cap Equity ETF 3.63%
TMFX Motley Fool Next Index ETF 3.51%
Mid Cap: Bottom 5 Performers (WTD)
XMMO Invesco S&P MidCap Momentum ETF 0.59%
AMID Argent Mid Cap ETF 0.67%
CBSE Clough Select Equity ETF 0.70%
FFSM Fidelity Fundamental Small-Mid Cap ETF 0.75%
GRNJ Fundstrat Granny Shots US Small- & Mid-Cap ETF 0.93%
Small Cap: Top 5 Performers (WTD)
Ticker Fund Name WTD Performance
CALF Pacer US Small Cap Cash Cows ETF 4.45%
SGRW Harbor Active Small Cap Growth ETF 4.19%
SFLO VictoryShares Small Cap Free Cash Flow ETF 4.09%
SCOW Pacer S&P SmallCap 600 Quality FCF Aristocrats ETF 3.84%
RZV Invesco S&P Smallcap 600 Pure Value ETF 3.51%
Small Cap: Bottom 5 Performers (WTD)
SAWS AAM Sawgrass US Small Cap Quality Growth ETF 0.51%
ABLS Abacus FCF Small Cap Leaders ETF 0.57%
SMCF Themes US Small Cap Cash Flow Champions ETF 0.61%
DWAS Invesco Dorsey Wright SmallCap Momentum ETF 0.90%
ALIL Argent Focused Small Cap ETF 1.00%

Analyzing the Weekly Flows

Investors allocated a net $8,434M to the U.S. Size & Style universe over the past 5 days. U.S. Large Cap Value led the charge capturing $4,954M in inflows against its massive $1,029.7B AUM base. U.S. Large Cap Growth followed closely, absorbing $4,454M. On the other end of the spectrum, U.S. Small Cap Blend was the primary source of funds, seeing significant outflows of -$2,604M as investors appeared to reposition away from broad small cap exposure.

Category Flows Summary

Category Fund Count AUM 5 Day 30 Day 90 Day YTD 1 Year
U.S. Large Cap – Value 198 $1,029.7B $4,954M $4,383M $24,079M $34,226M $82,486M
U.S. Large Cap – Growth 163 $1,445.1B $4,454M $19,665M $35,277M $42,139M $118,470M
U.S. Mid Cap – Blend 68 $419.6B $1,185M $4,265M $13,476M $18,037M $34,486M
U.S. Small Cap – Value 37 $114.8B $244M $1,430M $3,007M $4,016M $4,502M
U.S. Large Cap – Blend 361 $4,525.5B $216M $41,699M $100,421M $131,782M $380,986M
U.S. Mid Cap – Growth 25 $62.8B $24M $318M $407M $234M $3,627M
U.S. Mid Cap – Value 24 $84.6B $14M $237M $83M $486M $2,589M
U.S. Small Cap – Growth 20 $57.7B -$53M $906M $1,188M -$3M $337M
U.S. Small Cap – Blend 66 $365.4B -$2,604M -$3,531M -$2,939M -$2,794M -$793M

Top & Bottom ETFs by 5-Day Flow

Drilling down to individual vehicles, the VOO (Vanguard S&P 500 ETF) reigned supreme in the large cap arena, vacuuming up $4,015M in single-week flows. Meanwhile, its primary peer SPY shed -$5,171M. In mid caps, VO captured the most capital with $617M coming in, while AVUV led small caps with $217M in inflows, countering the heavy -$2,679M exodus from IWM.

Large Cap: Top 5 Inflows (5-Day)
Ticker Fund Name 5-Day Flow
VOO Vanguard S&P 500 ETF $4,015M
QQQ Invesco QQQ Trust Series I $2,141M
DIA State Street SPDR Dow Jones Industrial Average ETF $1,279M
VTI Vanguard Total Stock Market ETF $1,095M
QQQM Invesco NASDAQ 100 ETF $846M
Large Cap: Bottom 5 Outflows (5-Day)
SPY State Street SPDR S&P 500 ETF -$5,171M
IVV iShares Core S&P 500 ETF -$1,367M
IWF iShares Russell 1000 Growth ETF -$533M
XLG Invesco S&P 500 Top 50 ETF -$223M
SPHB Invesco S&P 500 High Beta ETF -$174M
Mid Cap: Top 5 Inflows (5-Day)
Ticker Fund Name 5-Day Flow
VO Vanguard Mid-Cap ETF $617M
IWR iShares Russell Midcap ETF $349M
IJH iShares Core S&P Mid-Cap ETF $214M
VXF Vanguard Extended Market ETF $103M
XMMO Invesco S&P MidCap Momentum ETF $79M
Mid Cap: Bottom 5 Outflows (5-Day)
SCHM Schwab U.S. Mid-Cap ETF -$210M
MDY State Street SPDR S&P MIDCAP 400 ETF Trust -$198M
QQQJ Invesco NASDAQ Next Gen 100 ETF -$24M
IJJ iShares S&P Mid-Cap 400 Value ETF -$21M
MDYV State Street SPDR S&P 400 Mid Cap Value ETF -$18M
Small Cap: Top 5 Inflows (5-Day)
Ticker Fund Name 5-Day Flow
AVUV Avantis U.S. Small Cap Value ETF $217M
FESM Fidelity Enhanced Small Cap Core ETF $79M
VBK Vanguard Small-Cap Growth ETF $68M
IJT iShares S&P Small-Cap 600 Growth ETF $64M
VTWO Vanguard Russell 2000 ETF $40M
Small Cap: Bottom 5 Outflows (5-Day)
IWM iShares Russell 2000 ETF -$2,679M
IWO iShares Russell 2000 Growth ETF -$217M
SCHA Schwab U.S. Small-Cap ETF -$56M
VB Vanguard Small-Cap ETF -$38M
IJR iShares Core S&P Small Cap ETF -$25M

Issuer League Table Update

Vanguard and iShares maintain their towering presence over the U.S. Size & Style channel, controlling 34.24% and 26.74% of the market respectively. Vanguard dominated flow activity this week, attracting $7,190M in new money. Conversely, SPDR and iShares faced the heaviest redemptions, bleeding -$3,758M and -$2,536M, largely driven by outflows in legacy broad market products.

Top 5 Issuers by AUM

Brand Fund Count AUM AUM Market Share
Vanguard 41 $2,775.63B 34.24%
iShares 82 $2,167.72B 26.74%
SPDR 28 $1,165.37B 14.38%
Invesco 68 $801.63B 9.89%
Schwab 12 $359.06B 4.43%

Top & Bottom 3 Issuers by 5-Day Flow

Top 3 Issuers by Inflows
Brand 5-Day Flow
Vanguard $7,190M
Invesco $3,501M
Avantis $685M
Bottom 3 Issuers by Outflows
SPDR -$3,758M
iShares -$2,536M
VanEck -$121M

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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.