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ETF AM Wrap-Up: Elevated Flows into US Large-Cap and Small-Cap ETFs

May 20, 2019

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  • Demand was rekindled for US large-cap stocks on Friday with the SPDR S&P 500 ETF Trust (SPY) receiving 1-day fund flows of $2.07 billion. Still, the S&P 500 ETF has observed massive outflows of $14.8 billion over the last month. The Invesco QQQ Trust (QQQ) was also a top ETF by 1-day fund flow in our 3,000+ ETF Coverage Universe, receiving $129.4 million of inflows. Unlike the SPY, however, the tech-heavy QQQ’s 1-month fund flow is positive at $211.4 million.
  • SPY has a “BUY” trading signal and a “Caution” Smart Beta rating.  
  • QQQ has a “BUY” trading signal and a “Poor” Smart Beta rating.
     
  • We’re not surprised to see the iShares Russell 2000 ETF (IWM) as the top ETF by both 1-day and 1-week fund flow in our ETF Coverage Universe. For the past few weeks, our models have highlighted strong opportunity in US small-cap ETFs, most recently here. Our models still see strong opportunity in US small-caps with the IWM having a “BUY” trading signal and “Best” 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 $2,070,745,502 -$88,448,156 -$14,801,957,198 -$4,512,528,211 $262.48 0.09%
iShares Core S&P 500 ETF IVV $14,477,685 $444,996,705 $463,486,870 $10,809,184,980 $174.66 0.04%
Vanguard Total Stock Market ETF VTI $31,294,555 $335,091,457 $1,414,752,153 $3,341,803,581 $112.81 0.03%
Vanguard S&P 500 ETF VOO -$54,304,336 $213,304,005 $456,554,404 $5,204,464,743 $110.39 0.03%
ETRACS Alerian MLP Infrastructure Index ETN MLPI $0 $0 -$7,703,325 -$44,548,222 $74.62 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%
Schwab US Large-Cap ETF SCHX $0 $116,723,382 $350,480,380 $1,097,152,013 $16.44 0.03%
SPDR Portfolio Total Stock Market ETF SPTM $0 $51,290,817 $90,870,982 $297,550,069 $3.28 0.03%
Vanguard S&P 500 ETF VOO -$54,304,336 $213,304,005 $456,554,404 $5,204,464,743 $110.39 0.03%
iShares Core S&P Total U.S. Stock Market ETF ITOT $0 $79,985,250 $398,229,205 $2,053,664,615 $19.74 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 $2,070,745,502 -$88,448,156 -$14,801,957,198 -$4,512,528,211 $262.48 0.09%
iShares Russell 2000 ETF IWM $387,561,000 $792,083,905 -$501,965,410 -$1,232,362,935 $42.07 0.20%
Health Care Select Sector SPDR Fund XLV $252,527,091 $462,297,953 $638,915,844 -$244,382,592 $18.45 0.13%
Invesco QQQ Trust QQQ $129,439,800 $129,222,400 $211,362,400 $1,875,349,800 $72.05 0.20%
Schwab International Equity ETF SCHF $125,016,740 $186,837,782 $497,993,192 $751,641,620 $17.59 0.06%

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 Russell 2000 ETF IWM $387,561,000 $792,083,905 -$501,965,410 -$1,232,362,935 $42.07 0.20%
Invesco S&P 500 Low Volatility ETF SPLV $69,889,300 $546,902,400 $673,012,800 $1,419,080,000 $11.15 0.25%
iShares PHLX Semiconductor ETF SOXX $97,258,000 $538,260,310 $437,613,065 $286,717,085 $1.55 0.48%
iShares Core U.S. Aggregate Bond ETF AGG $0 $533,233,640 $1,129,464,270 $2,358,956,410 $60.98 0.05%
Health Care Select Sector SPDR Fund XLV $252,527,091 $462,297,953 $638,915,844 -$244,382,592 $18.45 0.13%

Source: ETF Global

Top 5 ETFs by 1-Month 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 20+ Year Treasury Bond ETF TLT $25,117,220 $99,180,820 $1,922,654,120 $1,160,461,300 $12.73 0.15%
iShares Core MSCI EAFE ETF IEFA $0 $326,492,940 $1,592,453,880 $6,095,885,280 $63.23 0.08%
Vanguard Total Stock Market ETF VTI $31,294,555 $335,091,457 $1,414,752,153 $3,341,803,581 $112.81 0.03%
iShares Core U.S. Aggregate Bond ETF AGG $0 $533,233,640 $1,129,464,270 $2,358,956,410 $60.98 0.05%
iShares Edge MSCI Min Vol USA ETF USMV $47,858,320 $266,299,420 $877,203,700 $2,631,646,100 $26.13 0.15%

Source: ETF Global

Top 5 ETFs by 3-Month 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 S&P 500 ETF IVV $14,477,685 $444,996,705 $463,486,870 $10,809,184,980 $174.66 0.04%
iShares Core MSCI EAFE ETF IEFA $0 $326,492,940 $1,592,453,880 $6,095,885,280 $63.23 0.08%
Vanguard S&P 500 ETF VOO -$54,304,336 $213,304,005 $456,554,404 $5,204,464,743 $110.39 0.03%
Graniteshares Gold Trust BAR $0 $5,176,800 $37,071,000 $4,133,915,520 $0.50 0.17%
Vanguard Total Stock Market ETF VTI $31,294,555 $335,091,457 $1,414,752,153 $3,341,803,581 $112.81 0.03%

Source: ETF Global

 

 

Stock Model PortfoliosMulti-factor quantitatively optimized portfolios risk-adjusted to provide investors an ATTRACTIVERISK/RETURN TRADE-OFF
Stock Model PortfoliosMulti-factor quantitatively optimized portfolios risk-adjusted to provide investors an ATTRACTIVERISK/RETURN TRADE-OFF