Weekly Channel Summary
The U.S. Size & Style ETF channel currently encompasses 984 ETFs from 278 issuers, representing a massive $8.34 trillion in total Assets Under Management (AUM). Over the past week, the channel attracted a robust $15.86 billion in net inflows. This strong weekly showing contributes to a solid Year-to-Date (YTD) flow figure of $280.16 billion and an impressive $680.80 billion over the past 12 months, highlighting sustained investor interest in these core equity segments.
This Week’s Performance Leaders and Laggards
It was a challenging week across the board for the U.S. Size & Style channel, with all categories posting negative Week-to-Date (WTD) returns. However, value-oriented strategies held up relatively better than their growth counterparts. The U.S. Mid Cap – Value category was practically flat, posting a marginal 0.03% gain (the only positive WTD category), and remains up 10.07% YTD. Conversely, the U.S. Large Cap – Growth category was the primary laggard, declining 3.74% on the week, though it still maintains an 8.70% gain YTD.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| U.S. Mid Cap – Value | 0.03% | 0.66% | 4.03% | 9.94% | 10.07% | 23.24% |
| U.S. Large Cap – Value | -0.40% | 1.82% | 4.77% | 10.53% | 10.13% | 23.68% |
| U.S. Small Cap – Value | -0.47% | 0.16% | 6.76% | 14.06% | 14.38% | 31.75% |
| U.S. Mid Cap – Blend | -0.73% | 0.61% | 5.68% | 8.59% | 10.82% | 22.67% |
| U.S. Small Cap – Blend | -1.01% | -0.26% | 7.16% | 11.43% | 12.23% | 26.64% |
| U.S. Large Cap – Blend | -1.83% | 1.74% | 6.48% | 8.01% | 8.08% | 22.00% |
| U.S. Small Cap – Growth | -2.27% | -0.93% | 9.89% | 12.10% | 13.48% | 28.11% |
| U.S. Mid Cap – Growth | -2.41% | 1.56% | 8.48% | 10.59% | 10.05% | 17.89% |
| U.S. Large Cap – Growth | -3.74% | 2.11% | 10.89% | 7.69% | 8.70% | 24.31% |
Top & Bottom ETFs by Weekly Performance
Within Large Cap, the Invesco Large Cap Value ETF (PWV) led the pack with a 2.18% return, while the Roundhill Meme Stock ETF (MEME) suffered a sharp 14.17% decline. In Mid Cap, the Invesco Zacks Mid-Cap ETF (CZA) posted a 1.22% gain, outperforming the Polen 5Perspectives Small-Mid Growth ETF (PCSG), which fell 5.52%. For Small Cap, the Invesco S&P SmallCap Low Volatility ETF (XSLV) was top at 1.00%, in contrast to the iShares Micro-Cap ETF (IWC)‘s 5.05% drop.
Large Cap Performance
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| PWV | Invesco Large Cap Value ETF | 2.18% |
| UDI | USCF Dividend Income Fund | 1.68% |
| SPLV | Invesco S&P 500 Low Volatility ETF | 1.67% |
| NOBL | ProShares S&P 500 Dividend Aristocrats ETF | 1.64% |
| FTDS | First Trust Dividend Strength ETF | 1.63% |
| Bottom Performers | ||
| MEME | Roundhill Meme Stock ETF | -14.17% |
| BUZZ | VanEck Social Sentiment ETF | -9.10% |
| RKNG | Defiance Retail Kings ETF | -8.89% |
| MBCE | Monarch Blue Chips Elite Index ETF | -7.81% |
| QTAC | Q3 All-Season Tactical Advantage ETF | -6.87% |
Mid Cap Performance
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| CZA | Invesco Zacks Mid-Cap ETF | 1.22% |
| XMVM | Invesco S&P MidCap Value with Momentum ETF | 1.20% |
| HWSM | Hotchkis & Wiley SMID Cap Diversified Value Fund | 1.15% |
| NUMV | Nuveen ESG Mid-Cap Value ETF | 1.14% |
| AMID | Argent Mid Cap ETF | 1.03% |
| Bottom Performers | ||
| PCSG | Polen 5Perspectives Small-Mid Growth ETF | -5.52% |
| IPO | Renaissance IPO ETF | -5.35% |
| CBSE | Clough Select Equity ETF | -4.63% |
| GRNJ | Fundstrat Granny Shots US Small- & Mid-Cap ETF | -4.38% |
| FRTY | Alger Mid Cap 40 ETF | -4.04% |
Small Cap Performance
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| XSLV | Invesco S&P SmallCap Low Volatility ETF | 1.00% |
| ALIL | Argent Focused Small Cap ETF | 0.82% |
| SAWS | AAM Sawgrass US Small Cap Quality Growth ETF | 0.72% |
| MYLD | Cambria Micro and SmallCap Shareholder Yield ETF | 0.71% |
| SIXS | ETC 6 Meridian Small Cap Equity ETF | 0.59% |
| Bottom Performers | ||
| IWC | iShares Micro-Cap ETF | -5.05% |
| DWAS | Invesco Dorsey Wright SmallCap Momentum ETF | -4.45% |
| MMSC | First Trust Multi-Manager Small Cap Opportunities ETF | -4.19% |
| ACSG | American Century Small Cap Growth Insights ETF | -3.82% |
| FSEG | Fidelity Enhanced Small Cap Growth ETF | -3.79% |
Analyzing the Weekly Flows
Despite the negative WTD performance, the U.S. Size & Style channel gathered a massive $15.86 billion in net inflows over the past 5 days. This influx was heavily concentrated in the U.S. Large Cap – Blend category, which commands the lion’s share of channel assets ($4,649.7 billion) and pulled in $16,288 million. The U.S. Mid Cap – Blend category also saw meaningful interest, gathering $1,530 million. Conversely, the U.S. Small Cap – Blend category saw the largest outflows, shedding $1,241 million for the week.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| U.S. Large Cap – Blend | 366 | $4,649.7B | $16,288M | $62,958M | $144,598M | $171,091M | $422,175M |
| U.S. Mid Cap – Blend | 69 | $436.8B | $1,530M | $5,108M | $15,191M | $20,410M | $36,245M |
| U.S. Small Cap – Growth | 21 | $59.8B | $77M | $426M | $1,046M | $113M | $594M |
| U.S. Mid Cap – Value | 24 | $86.5B | $3M | $213M | $215M | $651M | $2,959M |
| U.S. Mid Cap – Growth | 26 | $65.7B | ($31M) | $101M | $370M | $217M | $3,567M |
| U.S. Large Cap – Value | 200 | $1,051.3B | ($57M) | $5,862M | $20,013M | $35,791M | $83,943M |
| U.S. Large Cap – Growth | 165 | $1,492.0B | ($330M) | $19,037M | $48,921M | $47,868M | $120,865M |
| U.S. Small Cap – Value | 37 | $117.8B | ($378M) | $949M | $2,996M | $4,190M | $4,938M |
| U.S. Small Cap – Blend | 67 | $378.9B | ($1,241M) | ($1,820M) | ($164M) | ($176M) | $5,516M |
Top & Bottom ETFs by 5-Day Flow
The Vanguard S&P 500 ETF (VOO) was the clear winner in the Large Cap space, bringing in $9,606 million, while the iShares MSCI USA Value Factor ETF (VLUE) experienced the most significant Large Cap outflow at -$1,503 million. In Mid Caps, the State Street SPDR S&P MIDCAP 400 ETF (MDY) topped the list with $327 million in inflows, while the Nuveen ESG Mid-Cap Value ETF (NUMV) saw the most substantial outflows (-$98 million). Finally, in Small Caps, the Avantis U.S. Small Cap Value ETF (AVUV) led inflows with $267 million, contrasting with the iShares Russell 2000 ETF (IWM), which saw $1,145 million exit the fund.
Large Cap Flows
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| VOO | Vanguard S&P 500 ETF | $9,606M |
| SPY | State Street SPDR S&P 500 ETF | $5,317M |
| VTI | Vanguard Total Stock Market ETF | $2,578M |
| QQQM | Invesco NASDAQ 100 ETF | $1,140M |
| SCHD | Schwab US Dividend Equity ETF | $782M |
| Outflows | ||
| VLUE | iShares MSCI USA Value Factor ETF | ($1,503M) |
| QUAL | iShares MSCI USA Quality Factor ETF | ($1,240M) |
| NULG | Nuveen ESG Large-Cap Growth ETF | ($697M) |
| EQL | Alps Equal Sector Weight ETF | ($647M) |
| QQQ | Invesco QQQ Trust Series I | ($580M) |
Mid Cap Flows
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| MDY | State Street SPDR S&P MIDCAP 400 ETF | $327M |
| IJH | iShares Core S&P Mid-Cap ETF | $312M |
| VXF | Vanguard Extended Market ETF | $231M |
| VO | Vanguard Mid-Cap ETF | $199M |
| IWR | iShares Russell Midcap ETF | $151M |
| Outflows | ||
| NUMV | Nuveen ESG Mid-Cap Value ETF | ($98M) |
| NUMG | Nuveen ESG Mid-Cap Growth ETF | ($95M) |
| BBMC | JPMorgan BetaBuilders U.S. Mid Cap Equity ETF | ($31M) |
| IJJ | iShares S&P Mid-Cap 400 Value ETF | ($21M) |
| FLQM | Franklin U.S. Mid Cap Multifactor Index ETF | ($20M) |
Small Cap Flows
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| AVUV | Avantis U.S. Small Cap Value ETF | $267M |
| IJR | iShares Core S&P Small Cap ETF | $173M |
| SMLF | iShares U.S. SmallCap Equity Factor ETF | $77M |
| DFAS | Dimensional U.S. Small Cap ETF | $52M |
| SCHA | Schwab U.S. Small-Cap ETF | $44M |
| Outflows | ||
| IWM | iShares Russell 2000 ETF | ($1,145M) |
| IJS | iShares S&P Small-Cap 600 Value ETF | ($471M) |
| NUSC | Nuveen ESG Small-Cap ETF | ($248M) |
| VB | Vanguard Small-Cap ETF | ($223M) |
| VBR | Vanguard Small Cap Value ETF | ($85M) |
Issuer League Table Update
Vanguard and iShares maintain a dominant duopoly in the U.S. Size & Style channel, controlling 34.26% and 26.66% of the AUM market share, respectively. This week, Vanguard was the clear leader in gathering assets, bringing in an impressive $13,110 million. Conversely, despite its massive market share, iShares saw the most significant outflows among top issuers, shedding $5,231 million over the past 5 days.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| Vanguard | 41 | $2,857.09B | 34.26% |
| iShares | 82 | $2,222.76B | 26.66% |
| SPDR | 28 | $1,195.19B | 14.33% |
| Invesco | 68 | $835.50B | 10.02% |
| Schwab | 12 | $368.42B | 4.42% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| Vanguard | $13,110M |
| SPDR | $5,611M |
| Invesco | $1,267M |
| Outflows | |
| iShares | ($5,231M) |
| Nuveen | ($1,737M) |
| ALPS | ($716M) |
For a deeper dive into these trends, access our FREE, in-depth 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.
