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ETF AM Wrap-Up: Investors Rotate into US Consumer Stocks While Demand for US Large-Caps Picks Up

May 14, 2019

Actionable and Transparent Quantitative ResearchActionable and Transparent Quantitative Research
Actionable and Transparent Quantitative ResearchActionable and Transparent Quantitative Research
 
  • After the SPDR S&P 500 ETF Trust (SPY) observed intraday outflows in every prior trading day in May, sentiment reversed yesterday despite the broad-based selloff with the SPY receiving 1-day inflows of $518.3 million. Further demonstrating the demand for US large-cap stocks yesterday amid the selloff was the Invesco QQQ Trust’s (QQQ) 1-day inflow of $425.4 million, the third-highest in our 3,000+ ETF Coverage Universe.
  • SPY has a “SELL” trading signal and a “Caution” Smart Beta rating.  
  • QQQ has a “BUY” trading signal and a “Poor” Smart Beta rating.
     
  • Interesting to see both the Consumer Discretionary Select Sector SPDR Fund (XLY) and the Consumer Staples Select Sector SPDR Fund (XLP) as top ETFs by 1-day fund flow in our Coverage Universe. Perhaps amid the growing uncertainty that surrounds US-China trade negotiations and the current state of global growth, investors are seeking to capitalize on strength in the US economy that continues to be reinforced by better-than-expected consumer spending, jobs, and output data. What better way to capitalize on strength in the US economy, the largest spender on discretionary goods in the world, by buying US consumer stocks?!
  • XLY has a “SELL” trading signal and a “Caution” Smart Beta rating.  
  • XLP has a “BUY” trading signal and a “Poor” Smart Beta rating.

 

Top 5 ETFs by Assets Under Management (AUM)

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Name Ticker 1-Day
Fund Flow ($)
1-Week
Fund Flow ($)
1-Month
Fund Flow ($)
3-Month
Fund Flow ($)
Assets Under
Management ($ billions)
Net
Expense Ratio (%)
SPDR S&P 500 ETF Trust SPY $518,269,907 -$6,934,476,954 -$10,439,871,878 -$2,365,390,654 $258.58 0.09%
iShares Core S&P 500 ETF IVV $173,929,020 $608,609,225 $745,209,375 $10,358,785,895 $171.36 0.04%
Vanguard Total Stock Market ETF VTI $39,446,308 $323,510,172 $1,287,452,063 $2,965,789,400 $110.61 0.03%
Vanguard S&P 500 ETF VOO $129,593,705 -$210,034,227 $1,295,793,467 $4,766,327,423 $108.38 0.03%
ETRACS Alerian MLP Infrastructure Index ETN MLPI $0 $0 -$7,703,325 -$65,720,777 $73.26 0.85%
 

Source: ETF Global

Top 5 ETFs by Lowest Net Expense Ratios

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Name Ticker 1-Day
Fund Flow ($)
1-Week
Fund Flow ($)
1-Month
Fund Flow ($)
3-Month
Fund Flow ($)
Assets Under
Management ($ billions)
Net
Expense Ratio (%)
JPMORGAN BETABUILDERS U.S. EQUITY ETF BBUS $0 $0 $0 $0 $0.03 0.02%
iShares Core S&P Total U.S. Stock Market ETF ITOT $0 $145,131,590 $483,049,080 $1,973,679,365 $19.33 0.03%
Schwab US Broad Market ETF SCHB $27,736,630 $62,362,745 -$118,549,102 $482,047,086 $14.21 0.03%
SPDR Portfolio Total Stock Market ETF SPTM $5,381,746 $1,791,222 $50,402,988 $227,904,694 $3.17 0.03%
Schwab US Large-Cap ETF SCHX $86,106,945 $103,444,487 $638,995,787 $1,102,194,783 $16.12 0.03%

Source: ETF Global

Top 5 ETFs by 1-Day Fund Flow

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Name Ticker 1-Day
Fund Flow ($)
1-Week
Fund Flow ($)
1-Month
Fund Flow ($)
3-Month
Fund Flow ($)
Assets Under
Management ($ billions)
Net
Expense Ratio (%)
SPDR S&P 500 ETF Trust SPY $518,269,907 -$6,934,476,954 -$10,439,871,878 -$2,365,390,654 $258.58 0.09%
Consumer Discretionary Select Sector SPDR Fund XLY $504,191,413 $516,315,344 $846,589,330 $1,020,257,909 $13.80 0.13%
Invesco QQQ Trust QQQ $425,428,700 $32,606,200 $53,251,800 $757,797,800 $70.60 0.20%
iShares iBoxx $ Investment Grade Corporate Bond ETF LQD $391,994,130 $344,364,860 -$1,889,691,530 -$981,360,110 $31.95 0.15%
Consumer Staples Select Sector SPDR Fund XLP $380,880,659 $546,474,527 $68,528,882 $651,393,699 $11.38 0.13%

Source: ETF Global

Top 5 ETFs by 1-Week Fund Flow

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Name Ticker 1-Day
Fund Flow ($)
1-Week
Fund Flow ($)
1-Month
Fund Flow ($)
3-Month
Fund Flow ($)
Assets Under
Management ($ billions)
Net
Expense Ratio (%)
iShares Core U.S. Aggregate Bond ETF AGG $217,255,600 $629,839,700 $900,127,050 $2,214,586,710 $60.60 0.05%
iShares Core S&P 500 ETF IVV $173,929,020 $608,609,225 $745,209,375 $10,358,785,895 $171.36 0.04%
Utilities Select Sector SPDR Fund XLU $362,236,088 $568,885,663 $219,602,865 $710,891,913 $9.82 0.13%
Consumer Staples Select Sector SPDR Fund XLP $380,880,659 $546,474,527 $68,528,882 $651,393,699 $11.38 0.13%
Consumer Discretionary Select Sector SPDR Fund XLY $504,191,413 $516,315,344 $846,589,330 $1,020,257,909 $13.80 0.13%

Source: ETF Global

Top 5 ETFs by 1-Month Fund Flow

On Mobile/Tablet scroll to the right

Name Ticker 1-Day
Fund Flow ($)
1-Week
Fund Flow ($)
1-Month
Fund Flow ($)
3-Month
Fund Flow ($)
Assets Under
Management ($ billions)
Net
Expense Ratio (%)
iShares Core MSCI EAFE ETF IEFA $145,707,840 $491,494,260 $2,268,761,380 $5,915,100,180 $62.41 0.08%
iShares 20+ Year Treasury Bond ETF TLT $187,248,300 $349,274,260 $1,960,929,260 $1,529,556,180 $12.79 0.15%
Vanguard S&P 500 ETF VOO $129,593,705 -$210,034,227 $1,295,793,467 $4,766,327,423 $108.38 0.03%
Vanguard Total Stock Market ETF VTI $39,446,308 $323,510,172 $1,287,452,063 $2,965,789,400 $110.61 0.03%
iShares Core U.S. Aggregate Bond ETF AGG $217,255,600 $629,839,700 $900,127,050 $2,214,586,710 $60.60 0.05%

Source: ETF Global

Top 5 ETFs by 3-Month Fund Flow

On Mobile/Tablet scroll to the right

Name Ticker 1-Day
Fund Flow ($)
1-Week
Fund Flow ($)
1-Month
Fund Flow ($)
3-Month
Fund Flow ($)
Assets Under
Management ($ billions)
Net
Expense Ratio (%)
iShares Core S&P 500 ETF IVV $173,929,020 $608,609,225 $745,209,375 $10,358,785,895 $171.36 0.04%
iShares Core MSCI EAFE ETF IEFA $145,707,840 $491,494,260 $2,268,761,380 $5,915,100,180 $62.41 0.08%
Vanguard S&P 500 ETF VOO $129,593,705 -$210,034,227 $1,295,793,467 $4,766,327,423 $108.38 0.03%
Graniteshares Gold Trust BAR $0 $42,695,750 $31,894,200 $4,128,738,720 $0.50 0.17%
Vanguard Total Stock Market ETF VTI $39,446,308 $323,510,172 $1,287,452,063 $2,965,789,400 $110.61 0.03%

Source: ETF Global

 

 

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