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ETF AM Wrap-Up: US Large-Cap Demand Persists while Risk-Off Feel Lingers

May 21, 2019

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  • Elevated demand of US large-cap stocks continued from Friday in yesterday’s trading with the SPDR S&P 500 ETF Trust (SPY) receiving fund flows of $1.60 billion on Monday after $2.07 billion of inflows in the prior trading day. Large-cap focused ETFs the Invesco QQQ Trust (QQQ) and the iShares Core S&P 500 ETF (IVV) were also among the top 5 ETFs by 1-day fund flow yesterday, further supporting robust demand for US large-caps in trading yesterday.
  • SPY has a “BUY” trading signal and a “Caution” Smart Beta rating. 
  • QQQ has a “BUY” trading signal and a “Poor” Smart Beta rating.  
  • IVV has a “BUY” trading signal and a “Caution” Smart Beta rating.
     
  • Still, it is clear by looking at the top ETFs by 1-month fund flow below that risk-off is lingering in markets. Among the top 5 ETFs by 1-month fund flow are two bond ETFs, the iShares 20+ Year Treasury Bond ETF (TLT) and the iShares Core US Aggregate Bond ETF (AGG), and the low volatility focused fund, the iShares Edge MSCI Min Vol USA ETF (USMV). Bond ETFs offer investors prospects of safer and more predictable returns while low volatility ETFs aim to reduce exposure to overall stock market volatility to protect returns in the event of a market downturn.
  • The TLT has a “BUY” trading signal.  
  • The AGG has a “BUY” trading signal.  
  • The USMV has a “SELL” trading signal and a “Worst” Smart Beta rating.

 

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 $1,601,364,621 $994,646,558 -$11,604,834,116 -$3,171,616,425 $262.30 0.09%
iShares Core S&P 500 ETF IVV $187,129,995 $458,197,680 $650,616,865 $10,623,941,505 $173.67 0.04%
Vanguard Total Stock Market ETF VTI $21,662,805 $317,307,954 $1,346,631,830 $3,419,766,603 $112.05 0.03%
Vanguard S&P 500 ETF VOO $10,343,814 $94,054,114 $180,057,973 $4,760,510,382 $109.65 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%
Schwab US Large-Cap ETF SCHX $0 $30,616,437 $326,180,810 $1,100,433,928 $16.32 0.03%
SPDR Portfolio Total Stock Market ETF SPTM $3,556,810 $49,465,882 $94,427,792 $297,683,285 $3.26 0.03%
Vanguard S&P 500 ETF VOO $10,343,814 $94,054,114 $180,057,973 $4,760,510,382 $109.65 0.03%
iShares Core S&P Total U.S. Stock Market ETF ITOT $0 $79,985,250 $398,229,205 $1,959,644,465 $19.61 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 $1,601,364,621 $994,646,558 -$11,604,834,116 -$3,171,616,425 $262.30 0.09%
Invesco QQQ Trust QQQ $842,080,600 $545,874,300 -$61,729,000 $2,913,465,150 $71.66 0.20%
iShares Core S&P 500 ETF IVV $187,129,995 $458,197,680 $650,616,865 $10,623,941,505 $173.67 0.04%
Vanguard Extended Market ETF VXF $87,415,634 $97,887,485 $103,909,078 -$25,634,767 $6.82 0.07%
Financial Select Sector SPDR Fund XLF $71,261,919 -$159,561,020 -$544,394,582 -$258,750,998 $24.26 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 (%)
SPDR S&P 500 ETF Trust SPY $1,601,364,621 $994,646,558 -$11,604,834,116 -$3,171,616,425 $262.30 0.09%
iShares Russell 2000 ETF IWM $0 $917,315,505 -$501,965,410 -$1,002,895,635 $41.78 0.20%
Invesco QQQ Trust QQQ $842,080,600 $545,874,300 -$61,729,000 $2,913,465,150 $71.66 0.20%
iShares Core S&P 500 ETF IVV $187,129,995 $458,197,680 $650,616,865 $10,623,941,505 $173.67 0.04%
iShares PHLX Semiconductor ETF SOXX -$104,884,285 $393,157,585 $311,900,120 $172,750,895 $1.39 0.48%

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 20+ Year Treasury Bond ETF TLT $0 -$88,067,480 $1,873,768,680 $1,099,788,150 $12.71 0.15%
iShares Core MSCI EAFE ETF IEFA $0 $180,785,100 $1,592,453,880 $6,095,885,280 $62.99 0.08%
Vanguard Total Stock Market ETF VTI $21,662,805 $317,307,954 $1,346,631,830 $3,419,766,603 $112.05 0.03%
iShares Core U.S. Aggregate Bond ETF AGG -$21,797,160 $294,180,880 $978,033,510 $2,315,743,310 $60.90 0.05%
iShares Edge MSCI Min Vol USA ETF USMV $53,783,010 $266,575,630 $966,469,570 $2,476,417,590 $26.14 0.15%

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 $187,129,995 $458,197,680 $650,616,865 $10,623,941,505 $173.67 0.04%
iShares Core MSCI EAFE ETF IEFA $0 $180,785,100 $1,592,453,880 $6,095,885,280 $62.99 0.08%
Vanguard S&P 500 ETF VOO $10,343,814 $94,054,114 $180,057,973 $4,760,510,382 $109.65 0.03%
Graniteshares Gold Trust BAR $0 $5,176,800 $37,071,000 $4,133,915,520 $0.49 0.17%
Vanguard Total Stock Market ETF VTI $21,662,805 $317,307,954 $1,346,631,830 $3,419,766,603 $112.05 0.03%

Source: ETF Global

 

 

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