SPDR Leads Issuers with Over $4 Billion as Large Cap Equity ETFs Dominate

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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.

SPDR led all issuers with a significant $4.14 billion daily inflow, bolstering its strong recent performance which includes $11.85 billion over the past five days and $97.98 billion year-to-date. iShares and Vanguard also posted strong results, adding $1.86 billion and $1.32 billion respectively, continuing their leadership positions in year-to-date asset gathering. On the other end, Direxion experienced the largest daily redemptions at $503.2 million, followed by Dimensional with $338.7 million in outflows. F/m’s $276.0 million outflow was largely attributable to a single fund redemption that may be the result of a custom rebalance.

Issuer Flows (Absolute)

Brand AUM 1 Day 5 Day 30 Day YTD 1 Year
Top 5 Leaders
SPDR $2,070.13B $4.14B $11.85B $23.36B $97.98B $151.87B
iShares $4,718.88B $1.86B $7.32B $15.72B $261.91B $474.39B
Vanguard $4,708.67B $1.32B $9.92B $47.50B $336.10B $543.06B
Invesco $1,011.59B $1.12B $7.07B $15.39B $70.11B $106.23B
Fidelity $141.42B $836.8M $1.51B $4.52B $23.25B $35.84B
Top 5 Laggards
Direxion $71.48B ($503.2M) ($844.9M) $1.82B ($9.48B) ($19.84B)
Dimensional $316.66B ($338.7M) $1.17B $4.41B $33.29B $50.73B
US Commodity Funds $4.29B ($286.3M) $52.0M ($418.4M) $503.8M $649.7M
F/m (may be the result of a custom rebalance) $10.18B ($276.0M) ($29.5M) $264.1M $1.77B $2.16B
Defiance $11.58B ($123.6M) ($79.7M) ($60.0M) $4.33B $7.64B

Issuer Flows (Relative to AUM)

Brand AUM 1 Day Flow 1 Day Flow % of AUM
Top 5 Leaders
Relative Sentiment $163.5M $23.6M 14.44%
Alger $2.18B $177.9M 8.17%
GQG Partners $678.1M $30.4M 4.48%
Reckoner $131.5M $5.0M 3.79%
Mohr Funds $105.2M $3.7M 3.47%
Top 5 Laggards
Gadsden $201.6M ($38.5M) (19.11%)
Stone Ridge $71.1M ($10.2M) (14.38%)
City Different $51.5M ($4.8M) (9.33%)
Long Pond $167.0M ($12.3M) (7.37%)
PL $53.7M ($3.8M) (7.15%)

Daily ETF Flow Analysis

The ETF market recorded $10.15 billion in total net inflows, bringing the year-to-date total to over $1.3 trillion. Equity funds were the primary driver, attracting $9.39 billion, which aligns with their one-month trend of $106.81 billion in new assets. Fixed Income followed with a respectable $1.53 billion inflow, while Non-Traditional funds saw the largest net redemptions at $499.4 million. Among categories, U.S. Large Cap Blend was the clear winner, pulling in $5.76 billion, while Non-Traditional Leverage and Inverse categories for single stocks and broad equity saw the most significant withdrawals.

Asset Class Flows

Asset Class AUM 1 Day 1 Week 1 Month YTD 1 Year
Equity $12,757.11B $9.39B $37.39B $106.81B $830.37B $1,301.03B
Fixed Income $2,648.27B $1.53B $12.90B $50.33B $404.11B $605.86B
Commodity $337.58B ($175.7M) $1.81B $5.73B ($2.00B) $28.34B
Alternative $13.43B ($18.4M) ($219.3M) $507.3M $3.76B $5.12B
Multi-Asset $42.18B $67.1M $267.2M $1.22B $8.30B $12.55B
Currency $2.67B ($16.9M) ($154.8M) ($233.9M) $395.1M $339.3M
Non-Traditional $507.30B ($499.4M) $833.8M $13.07B $68.00B $96.07B
Digital Asset $93.06B ($128.3M) ($199.9M) $1.60B ($4.85B) $1.40B
Total $16,401.61B $10.15B $52.63B $179.03B $1,308.10B $2,050.70B

Category Flows (Top/Bottom 10)

Category AUM 1 Day Flow
Top 10 Leaders
Equity: U.S. Large Cap – Blend $4,904.96B $5.76B
Equity: U.S. Large Cap – Growth $1,514.34B $1.32B
Equity: Global Ex-U.S. Large Cap – Blend $1,189.69B $898.0M
Equity: U.S. Large Cap – Value $1,137.46B $885.0M
Fixed Income: Taxable – Core Enhanced $146.87B $848.3M
Non-Traditional: Synthetic Income – Equity $202.03B $446.5M
Equity: Thematic – Disruptive Tech $113.94B $409.2M
Fixed Income: Taxable – Ultrashort $204.71B $277.3M
Fixed Income: Municipal – Intermediate $145.37B $237.8M
Equity: Emerging Large Cap $483.80B $214.0M
Bottom 10 Laggards
Non-Traditional: Leverage | Inverse – Single Stock $35.96B ($560.4M)
Non-Traditional: Leverage | Inverse – Equity $142.82B ($443.6M)
Fixed Income: Taxable – Government Ultrashort $272.45B ($419.0M)
Equity: U.S. Small Cap – Value $129.10B ($361.0M)
Fixed Income: Taxable – Core $425.97B ($356.4M)
Commodity: Focused – Energy $3.75B ($292.3M)
Equity: Sector – Industrial $91.31B ($270.0M)
Equity: Sector – Energy $66.81B ($172.0M)
Fixed Income: Taxable – High Yield $117.48B ($162.3M)
Equity: U.S. Mid Cap – Value $92.58B ($159.0M)

U.S. Size & Style

U.S. Large Cap funds dominated inflows, led by a substantial $4.20 billion addition to the State Street SPDR S&P 500 ETF (SPY). Other major large-cap products also saw significant demand, including the Vanguard S&P 500 ETF (VOO) with $449.5 million and the Invesco QQQ Trust Series I (QQQ) with $402.6 million. In contrast, outflows were concentrated in the small-cap value space, with the Avantis U.S. Small Cap Value ETF (AVUV) shedding $360.9 million. Dimensional funds also saw notable redemptions, including $199.3 million from its Dimensional US High Profitability ETF (DUHP).

Ticker Name AUM 1 Day Flow
Top 5 Leaders
SPY State Street SPDR S&P 500 ETF $815.78B $4.20B
VOO Vanguard S&P 500 ETF $1,047.03B $449.5M
QQQ Invesco QQQ Trust Series I $496.71B $402.6M
RSP Invesco S&P 500 Equal Weight ETF $100.39B $338.5M
QQQM Invesco NASDAQ 100 ETF $105.85B $328.5M
Top 5 Laggards
AVUV Avantis U.S. Small Cap Value ETF $31.57B ($360.9M)
DUHP Dimensional US High Profitability ETF $12.94B ($199.3M)
DFAT Dimensional U.S. Targeted Value ETF $14.94B ($195.5M)
MDY State Street SPDR S&P MIDCAP 400 ETF Trust $27.38B ($107.2M)
IWB iShares Russell 1000 ETF $49.93B ($106.5M)

Explore the U.S. Size & Style Explorer →

Size & Style ex-U.S.

Broad international equity funds led collections in the ex-U.S. space, with the iShares MSCI ACWI ex U.S. ETF (ACWX) attracting the most at $373.6 million. The iShares Core MSCI Total International Stock ETF (IXUS) and the Avantis Emerging Markets Equity ETF (AVEM) also saw healthy inflows of $146.8 million and $140.6 million, respectively. Outflows were modest in comparison, with the Avantis International Small Cap Value ETF (AVDV) seeing the largest redemption of $46.3 million.

Ticker Name AUM 1 Day Flow
Top 5 Leaders
ACWX iShares MSCI ACWI ex U.S. ETF $12.36B $373.6M
IXUS iShares Core MSCI Total International Stock ETF $60.89B $146.8M
AVEM Avantis Emerging Markets Equity ETF $27.49B $140.6M
VXUS Vanguard Total International Stock ETF $164.14B $122.3M
EFV iShares MSCI EAFE Value ETF $31.26B $65.4M
Top 5 Laggards
AVDV Avantis International Small Cap Value ETF $19.80B ($46.3M)
JHMD John Hancock Multifactor Developed International ETF $974.4M ($9.3M)
ICOW Pacer Developed Markets International Cash Cows 100 ETF $1.83B ($6.7M)
IPKW Invesco International BuyBack Achievers ETF $571.4M ($6.1M)
MTRA Invesco International Growth Focus ETF $143.3M ($5.5M)

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

Sector & Industry

Sector flows presented a mixed picture with notable activity on both sides of the ledger. The State Street Health Care Select Sector SPDR ETF (XLV) led inflows with $134.7 million, while tech-focused funds like the iShares Expanded Tech-Software Sector ETF (IGV) also gathered assets. Conversely, several major sectors experienced significant redemptions, including a $260.1 million outflow from the State Street Industrial Select Sector SPDR ETF (XLI). The semiconductor industry saw divergent flows, with the Invesco PHLX Semiconductor ETF (SOXQ) gaining $94.1 million while the iShares Semiconductor ETF (SOXX) and VanEck Semiconductor ETF (SMH) shed $192.7 million and $147.2 million, respectively.

Ticker Name AUM 1 Day Flow
Top 5 Leaders
XLV State Street Health Care Select Sector SPDR ETF $43.88B $134.7M
IGV iShares Expanded Tech-Software Sector ETF $14.86B $116.9M
KRE State Street SPDR S&P Regional Banking ETF $4.65B $97.1M
SOXQ Invesco PHLX Semiconductor ETF $3.10B $94.1M
XLB State Street Materials Select Sector SPDR ETF $8.72B $91.5M
Top 5 Laggards
XLI State Street Industrial Select Sector SPDR ETF $34.86B ($260.1M)
XLF State Street Financial Select Sector SPDR ETF $58.26B ($195.1M)
SOXX iShares Semiconductor ETF $43.48B ($192.7M)
SMH VanEck Semiconductor ETF $71.95B ($147.2M)
XLE State Street Energy Select Sector SPDR ETF $40.03B ($134.3M)

Explore the Sector & Industry Explorer →

Region & Country

Country and region-focused funds saw varied activity, with Taiwan-focused strategies leading inflows. The Franklin FTSE Taiwan ETF (FLTW) collected $92.2 million, followed by the JPMorgan BetaBuilders Canada ETF (BBCA) with $42.8 million. Outflows were concentrated in other developed and emerging markets, as the iShares MSCI Australia ETF (EWA) saw redemptions of $95.1 million. The iShares MSCI Brazil ETF (EWZ) and iShares MSCI United Kingdom ETF (EWU) also experienced notable outflows of $74.5 million and $62.7 million.

Ticker Name AUM 1 Day Flow
Top 5 Leaders
FLTW Franklin FTSE Taiwan ETF $3.61B $92.2M
BBCA JPMorgan BetaBuilders Canada ETF $11.44B $42.8M
IEUR iShares Core MSCI Europe ETF $9.42B $39.0M
FLAU Franklin FTSE Australia ETF $213.4M $32.3M
EWJ iShares MSCI Japan ETF $23.15B $29.5M
Top 5 Laggards
EWA iShares MSCI Australia ETF $1.33B ($95.1M)
EWZ iShares MSCI Brazil ETF $8.15B ($74.5M)
EWU iShares MSCI United Kingdom ETF $3.86B ($62.7M)
ILF iShares Latin America 40 ETF $3.74B ($25.1M)
EWW iShares MSCI Mexico ETF $1.81B ($15.1M)

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Thematic

Artificial intelligence was a popular theme, with the Alger AI Enablers & Adopters ETF (ALAI) attracting $117.7 million and the iShares A.I. Innovation and Tech Active ETF (BAI) gathering $107.9 million. The VanEck Gold Miners ETF (GDX) also saw strong interest, with a $97.3 million inflow. Redemptions from thematic funds were comparatively small, led by a $16.4 million outflow from the State Street SPDR S&P Homebuilders ETF (XHB).

Ticker Name AUM 1 Day Flow
Top 5 Leaders
ALAI Alger AI Enablers & Adopters ETF $640.9M $117.7M
BAI iShares A.I. Innovation and Tech Active ETF $14.19B $107.9M
GDX VanEck Gold Miners ETF $27.48B $97.3M
CIBR First Trust NASDAQ Cybersecurity ETF $16.26B $56.2M
LYTE Roundhill Photonics & Optics ETF $238.7M $47.7M
Top 5 Laggards
XHB State Street SPDR S&P Homebuilders ETF $1.49B ($16.4M)
REMX VanEck Rare Earth and Strategic Metals ETF $2.24B ($15.3M)
FDN First Trust Dow Jones Internet Index Fund $5.48B ($14.8M)
XME State Street SPDR S&P Metals & Mining ETF $4.53B ($11.5M)
URA Global X Uranium ETF $6.33B ($7.2M)

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Fixed Income

The Fidelity Total Bond ETF (FBND) was the clear leader in fixed income, pulling in $772.0 million. Demand was also seen in long-duration government debt and high yield, with the iShares 20+ Year Treasury Bond ETF (TLT) adding $280.7 million and the iShares iBoxx $ High Yield Corporate Bond ETF (HYG) gaining $183.2 million. On the other side, the Vanguard Total Bond Market ETF (BND) saw the largest outflow at $442.1 million. The RBB Fund Inc F/m Accumulator Ultrashort Treasury Fund (SGVA) shed $251.0 million (may be the result of a custom rebalance).

Ticker Name AUM 1 Day Flow
Top 5 Leaders
FBND Fidelity Total Bond ETF $27.32B $772.0M
TLT iShares 20+ Year Treasury Bond ETF $46.05B $280.7M
HYG iShares iBoxx $ High Yield Corporate Bond ETF $17.74B $183.2M
SGOV iShares 0-3 Month Treasury Bond ETF $102.84B $155.8M
VTEB Vanguard Tax-Exempt Bond ETF $46.83B $149.6M
Top 5 Laggards
BND Vanguard Total Bond Market ETF $162.33B ($442.1M)
SGVA RBB Fund Inc F/m Accumulator Ultrashort Treasury Fund (may be the result of a custom rebalance) $255.6M ($251.0M)
TBLL Invesco Short Term Treasury ETF $2.59B ($245.3M)
SPHY State Street SPDR Portfolio High Yield Bond ETF $12.06B ($205.0M)
USHY iShares Broad USD High Yield Corporate Bond ETF $29.16B ($158.4M)

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

Commodity

Commodity funds experienced net outflows of $175.7 million, driven primarily by a single large redemption from the United States Oil Fund LP (USO), which lost $287.4 million. This outflow overshadowed modest inflows into precious metals funds. The SPDR Gold Shares (GLD) led the gainers with a $40.1 million inflow, while the iShares Silver Trust (SLV) saw outflows of $49.9 million.

Ticker Name AUM 1 Day Flow
Top 5 Leaders
GLD SPDR Gold Shares $143.88B $40.1M
GLDM SPDR Gold Minishares Trust of beneficial interest $30.11B $34.6M
IAU iShares Gold Trust $64.17B $24.7M
OUNZ VanEck Merk Gold ETF $2.76B $16.7M
PDBC Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF $6.75B $15.1M
Top 5 Laggards
USO United States Oil Fund LP $1.79B ($287.4M)
SLV iShares Silver Trust $31.97B ($49.9M)
SIVR abrdn Physical Silver Shares ETF $4.38B ($24.7M)
BNO United States Brent Oil Fund LP $659.6M ($5.0M)
CORN Teucrium Corn Fund $161.4M ($2.2M)

Explore the Commodities Explorer →

Cryptocurrency

Digital asset ETFs saw net redemptions of $128.3 million, with outflows from several of the largest spot bitcoin products. The ARK 21Shares Bitcoin ETF (ARKB) and Fidelity Wise Origin Bitcoin Fund (FBTC) led laggards, shedding $58.8 million and $55.1 million, respectively. The Grayscale Bitcoin Trust ETF (GBTC) also saw a $36.3 million outflow. A notable exception was the Grayscale Bitcoin Mini Trust ETF (BTC), which gathered $38.9 million.

Ticker Name AUM 1 Day Flow
Top 5 Leaders
BTC Grayscale Bitcoin Mini Trust ETF $3.81B $38.9M
MSBT Morgan Stanley Bitcoin Trust ETF $422.8M $7.1M
ETH Grayscale Ethereum Staking Mini ETF $1.60B $6.5M
XRP Bitwise XRP ETF $301.5M $2.3M
TCAN 21Shares Canton Network ETF $6.3M $1.2M
Top 5 Laggards
ARKB ARK 21Shares Bitcoin ETF $2.10B ($58.8M)
FBTC Fidelity Wise Origin Bitcoin Fund $10.84B ($55.1M)
GBTC Grayscale Bitcoin Trust ETF $8.31B ($36.3M)
BITB Bitwise Bitcoin ETF Trust $2.31B ($9.3M)
BTCO Invesco Galaxy Bitcoin ETF $323.8M ($7.9M)

Explore the Digital Assets Explorer →

Non-Traditional

Activity in non-traditional ETFs was dominated by leveraged and inverse products, particularly those focused on semiconductors. The Direxion Daily Semiconductor Bull 3X ETF (SOXL) experienced the day’s largest single-fund outflow at $493.0 million. Conversely, its bearish counterpart, the Direxion Daily Semiconductor Bear 3X ETF (SOXS), took in $110.6 million. The Tradr 2X Short SNDK Daily ETF (SNDQ) saw a $70.8 million inflow (may be the result of a custom rebalance).

Ticker Name AUM 1 Day Flow
Top 5 Leaders
SOXS Direxion Daily Semiconductor Bear 3X ETF $1.49B $110.6M
SPYI NEOS S&P 500 High Income ETF $11.61B $109.9M
SNDQ Tradr 2X Short SNDK Daily ETF (may be the result of a custom rebalance) $129.6M $70.8M
BALI iShares U.S. Large Cap Premium Income Active ETF $1.45B $61.2M
FAS Direxion Daily Financial Bull 3X ETF $2.48B $55.6M
Top 5 Laggards
SOXL Direxion Daily Semiconductor Bull 3X ETF $24.26B ($493.0M)
NEBX Tradr 2X Long NBIS Daily ETF $276.6M ($81.2M)
SNDU T-REX 2X Long SNDK Daily Target ETF $211.4M ($67.8M)
BUFR FT Vest Laddered Buffer ETF $10.40B ($65.5M)
MUU Direxion Daily MU Bull 2X ETF $4.19B ($58.1M)

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

Recent Launches

New fund launches continued with the debut of the BNY Mellon Emerging Markets Debt ETF (BEMD), which began trading with $24.0 million in assets under management. Thematic strategies remained a focus, with several new funds targeting the artificial intelligence ecosystem, including the Meta AI Lab Ecosystem ETF (MTAW) and the VegaShares AI Inference ETF (CGPT). Synthetic income strategies also expanded with the launch of the REX Defensive Autocallable Income ETF (DACL).

Ticker Name ETF Action Category Inception AUM
BEMD BNY Mellon Emerging Markets Debt ETF Unclassified 8/14/2026 $24.0M
HAWG HCM Hedged Equity ETF Unclassified 8/14/2026 $3.0M
MTAW Meta AI Lab Ecosystem ETF Equity: Thematic – Disruptive Tech 8/13/2026 $1.0M
COOL VegaShares AI Thermal, Cooling & Power Management ETF Unclassified 8/13/2026 $504.6K
DACL REX Defensive Autocallable Income ETF Non-Traditional: Synthetic Income – Equity 8/13/2026 $500.0K
ACRT ProShares Russell 2000 Autocallable Income ETF Unclassified 8/13/2026
CGPT VegaShares AI Inference ETF Equity: Thematic – Disruptive Tech 8/13/2026 $1.0M
MPDY m+ DualYield Autocall ETF Non-Traditional: Synthetic Income – Equity 8/12/2026 $0
XAIW SpaceXAI Lab Ecosystem ETF Equity: Thematic – Disruptive Tech 8/12/2026 $1.0M
MPDB m+ DynaBuffer ETF Non-Traditional: Buffer – Equity 8/12/2026 $0

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 August 14, 2026, and reflects create/redeem activity from Friday, August 14, 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.