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ETF AM Wrap-Up: Demand for Minimum Volatility ETF USVM Continues

May 22, 2019

Actionable and Transparent Quantitative ResearchActionable and Transparent Quantitative Research
Actionable and Transparent Quantitative ResearchActionable and Transparent Quantitative Research
 
  • We continue to observe elevated levels of inflows into the iShares Edge MSCI Minimum Volatility USA ETF (USMV) as investors attempt to protect against unpredictable swings that could stem from trade war developments, economic releases, or US Fed news like today’s minutes release. The USMV received more than $244.6 million of positive fund flows on trading on Tuesday while it’s 1-month fund flow currently sits at $1.21 billion, both of which are in the top 5 of our 3,000+ ETF Coverage Universe.
  • USMV has a “SELL” trading signal and a “Worst” Smart Beta rating.
     
  • Fund flows into the top 5 ETFs by net expense ratio in our ETF Coverage Universe were muted in yesterday’s trading and have been for the last week. Depressed inflows into low-fee ETFs could be the result of several factors, but one theory suggests that the heightened level of uncertainty in markets is driving investors to pay a higher premium in fees to invest in a strategy that they believe is better suited for the current market environment.

 

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 -$511,270,231 $2,169,422,312 -$10,161,917,821 -$1,455,307,810 $264.02 0.09%
iShares Core S&P 500 ETF IVV $471,823,275 $887,586,960 $976,708,790 $11,220,274,110 $175.63 0.04%
Vanguard Total Stock Market ETF VTI $42,662,732 $297,733,819 $1,195,896,142 $3,316,145,580 $113.13 0.03%
Vanguard S&P 500 ETF VOO $29,431,966 $5,168,667 $302,078,874 $4,726,325,217 $110.61 0.03%
Invesco QQQ Trust QQQ $377,939,100 $1,522,056,400 $269,425,100 $3,291,404,250 $72.77 0.20%

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 $3,395,722 $34,012,159 $322,652,940 $1,113,705,350 $16.47 0.03%
SPDR Portfolio Total Stock Market ETF SPTM $30,025,159 $75,994,525 $119,053,588 $327,708,445 $3.32 0.03%
Vanguard S&P 500 ETF VOO $29,431,966 $5,168,667 $302,078,874 $4,726,325,217 $110.61 0.03%
iShares Core S&P Total U.S. Stock Market ETF ITOT $16,156,025 $16,156,025 $414,385,230 $1,975,800,490 $19.80 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 (%)
iShares Core S&P 500 ETF IVV $471,823,275 $887,586,960 $976,708,790 $11,220,274,110 $175.63 0.04%
Invesco QQQ Trust QQQ $377,939,100 $1,522,056,400 $269,425,100 $3,291,404,250 $72.77 0.20%
Industrial Select Sector SPDR Fund XLI $261,232,062 $128,530,871 -$457,871,451 -$438,120,481 $9.99 0.13%
iShares Edge MSCI Min Vol USA ETF USMV $244,600,260 $452,430,790 $1,211,069,830 $2,364,335,790 $26.54 0.15%
iShares Core S&P Small-Cap ETF IJR $198,479,840 $253,056,590 $821,980,640 $783,737,635 $43.78 0.07%

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 -$511,270,231 $2,169,422,312 -$10,161,917,821 -$1,455,307,810 $264.02 0.09%
Invesco QQQ Trust QQQ $377,939,100 $1,522,056,400 $269,425,100 $3,291,404,250 $72.77 0.20%
iShares Core S&P 500 ETF IVV $471,823,275 $887,586,960 $976,708,790 $11,220,274,110 $175.63 0.04%
iShares Russell 2000 ETF IWM -$113,869,800 $795,867,670 $62,442,455 -$1,047,710,100 $42.22 0.20%
iShares Edge MSCI Min Vol USA ETF USMV $244,600,260 $452,430,790 $1,211,069,830 $2,364,335,790 $26.54 0.15%

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 Core MSCI EAFE ETF IEFA $0 $180,785,100 $1,592,453,880 $6,095,885,280 $63.13 0.08%
iShares Edge MSCI Min Vol USA ETF USMV $244,600,260 $452,430,790 $1,211,069,830 $2,364,335,790 $26.54 0.15%
Vanguard Total Stock Market ETF VTI $42,662,732 $297,733,819 $1,195,896,142 $3,316,145,580 $113.13 0.03%
iShares Core U.S. Aggregate Bond ETF AGG $21,776,160 $163,531,340 $999,809,670 $2,337,519,470 $60.88 0.05%
iShares Core S&P 500 ETF IVV $471,823,275 $887,586,960 $976,708,790 $11,220,274,110 $175.63 0.04%

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 $471,823,275 $887,586,960 $976,708,790 $11,220,274,110 $175.63 0.04%
iShares Core MSCI EAFE ETF IEFA $0 $180,785,100 $1,592,453,880 $6,095,885,280 $63.13 0.08%
Vanguard S&P 500 ETF VOO $29,431,966 $5,168,667 $302,078,874 $4,726,325,217 $110.61 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 $42,662,732 $297,733,819 $1,195,896,142 $3,316,145,580 $113.13 0.03%

Source: ETF Global

 

 

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