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ETF AM Wrap-Up: US Small-Cap Demand Spikes, Inflows to SWH and XLI Support Trade Sentiment Shift

May 16, 2019

Actionable and Transparent Quantitative ResearchActionable and Transparent Quantitative Research
Actionable and Transparent Quantitative ResearchActionable and Transparent Quantitative Research
 
  • US small-cap stocks were in demand yesterday with the iShares Russell 2000 ETF (IWM) as the number 2 ETF by 1-day fund flow on Tuesday among the 3,000 ETFs in our Coverage Universe. The spike of fund flows into IWM could signal a shift in sentiment towards US small-cap stocks, something we have been expecting as our models have highlighted strong opportunity in US small-cap ETFs for the past few weeks, most recently here.
  • IWM has a “BUY” trading signal and a “Best” Smart Beta rating.
     
  • Interesting to see the VanEck Vectors Semiconductor ETF (SWH) and the Industrial Select Sector SPDR Fund (XLI) as the number 3 and 4 ETFs by 1-day fund flow in our Coverage Universe. The underlying holdings of these ETFs have high exposure to downside risks associated with US-China trade negotiations. It seems that sentiment among investors regarding trade negotiations has bounced back and forth over the last week, a trend that has continued in trading this morning and is something we discuss in our morning markets preview, “Jekyll or Hyde? Contrasting Trade News from Trump Administration Whipsaws Global Sentiment; Futures Higher This Morning”.
  • SMH has a “Good” Smart Beta rating.  
  • XLI has a “BUY” trading signal.

 

Top 5 ETFs by Assets Under Management (AUM)

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 (%)
SPDR S&P 500 ETF Trust SPY -$1,005,667,306 -$4,830,696,052 -$15,422,961,370 -$4,825,301,874 $259.53 0.09%
iShares Core S&P 500 ETF IVV $171,118,140 $748,946,655 $639,575,810 $10,833,360,510 $174.02 0.04%
Vanguard Total Stock Market ETF VTI $45,059,057 $196,014,974 $1,391,120,387 $3,126,616,145 $112.36 0.03%
Vanguard S&P 500 ETF VOO -$99,959,976 -$547,726,186 $511,997,206 $4,903,527,144 $109.95 0.03%
ETRACS Alerian MLP Infrastructure Index ETN MLPI $0 $0 -$7,703,325 -$44,548,222 $74.35 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 $125,874,100 $480,860,205 $2,053,664,615 $19.70 0.03%
Schwab US Broad Market ETF SCHB $13,639,605 $76,002,350 -$70,183,984 $495,686,691 $14.44 0.03%
SPDR Portfolio Total Stock Market ETF SPTM $31,764,556 $40,642,818 $89,255,014 $278,465,775 $3.26 0.03%
Schwab US Large-Cap ETF SCHX $10,164,829 $96,271,774 $625,014,538 $1,102,599,812 $16.36 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 (%)
Health Care Select Sector SPDR Fund XLV $661,924,936 $604,760,051 $578,253,110 -$35,108,128 $18.53 0.13%
iShares Russell 2000 ETF IWM $529,882,050 $216,929,985 -$1,172,148,730 -$1,377,203,190 $42.03 0.20%
VanEck Vectors Semiconductor ETF SMH $264,631,850 $209,706,750 $89,278,200 $58,856,100 $0.99 0.35%
Industrial Select Sector SPDR Fund XLI $235,872,230 $5,780,472 -$300,727,281 -$283,202,638 $10.02 0.13%
iShares Core MSCI EAFE ETF IEFA $180,785,100 $326,492,940 $2,090,996,280 $6,095,885,280 $62.99 0.08%

Source: ETF Global

Top 5 ETFs by 1-Week 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 ESG MSCI USA Leaders ETF SUSL $0 $850,180,820 $0 $0 $0.85 0.15%
iShares Core U.S. Aggregate Bond ETF AGG $10,883,180 $803,884,340 $1,020,068,410 $2,356,460,210 $60.86 0.05%
iShares Core S&P 500 ETF IVV $171,118,140 $748,946,655 $639,575,810 $10,833,360,510 $174.02 0.04%
Vanguard Total Bond Market ETF BND $64,856,000 $623,396,000 $607,318,000 $1,070,034,000 $38.87 0.04%
Health Care Select Sector SPDR Fund XLV $661,924,936 $604,760,051 $578,253,110 -$35,108,128 $18.53 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 $180,785,100 $326,492,940 $2,090,996,280 $6,095,885,280 $62.99 0.08%
iShares 20+ Year Treasury Bond ETF TLT -$12,533,100 $348,969,360 $2,021,566,560 $1,527,066,080 $12.76 0.15%
Vanguard Total Stock Market ETF VTI $45,059,057 $196,014,974 $1,391,120,387 $3,126,616,145 $112.36 0.03%
iShares Core U.S. Aggregate Bond ETF AGG $10,883,180 $803,884,340 $1,020,068,410 $2,356,460,210 $60.86 0.05%
iShares Core S&P 500 ETF IVV $171,118,140 $748,946,655 $639,575,810 $10,833,360,510 $174.02 0.04%

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 $171,118,140 $748,946,655 $639,575,810 $10,833,360,510 $174.02 0.04%
iShares Core MSCI EAFE ETF IEFA $180,785,100 $326,492,940 $2,090,996,280 $6,095,885,280 $62.99 0.08%
Vanguard S&P 500 ETF VOO -$99,959,976 -$547,726,186 $511,997,206 $4,903,527,144 $109.95 0.03%
Graniteshares Gold Trust BAR $0 $0 $31,894,200 $4,128,738,720 $0.50 0.17%
Vanguard Total Stock Market ETF VTI $45,059,057 $196,014,974 $1,391,120,387 $3,126,616,145 $112.36 0.03%

Source: ETF Global

 

 

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