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ETF AM Wrap-Up: Corporate Bond ETFs Lead in Fund Flows while Investors Dump SPY for Low Cost Alternatives

Jun 21, 2019

Actionable and Transparent Quantitative ResearchActionable and Transparent Quantitative Research
Actionable and Transparent Quantitative ResearchActionable and Transparent Quantitative Research
 
  • US corporate bond ETFs observed elevated demand in trading yesterday following dovish comments from the US Federal Reserve on Wednesday as the iShares iBoxx % High Yield Corporate Bond ETF (HYG) and the iShares iBoxx % Investment Grade Corporate Bond ETF (LQD) led ETFs in our coverage universe in 1-day fund flows with a combined $1.9 billion of inflows.
  • HYG has a “SELL” trading signal.  
  • LQD has a “SELL trading signal.
     
  • Despite the rally in US stocks yesterday that sent the S&P 500 Index to an all-time high close, the SPDR S&P 500 ETF Trust (SPY) observed significant outflows of over $4 billion on Thursday. Investors instead favored the Vanguard S&P 500 ETF (VOO) and the iShares Core S&P 500 ETF (IVV), two lower cost alternatives to the S&P 500-tracking SPY, which observed combined inflows of nearly $1 billion.
  • SPY has a “SELL” trading signal and a “Caution” Smart Beta rating.  
  • VOO has a “SELL” trading signal and a “Caution” Smart Beta rating.  
  • IVV has a “SELL” trading signal and a “Caution” 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 -$4,044,767,608 -$4,249,023,280 -$3,714,452,498 -$4,093,305,740 $267.48 0.09%
iShares Core S&P 500 ETF IVV $396,012,915 $2,148,160,910 $4,176,020,360 $7,724,422,685 $184.07 0.04%
Vanguard Total Stock Market ETF VTI $103,902,432 $795,857,946 $503,731,412 $2,542,065,360 $116.69 0.03%
Vanguard S&P 500 ETF VOO $559,108,595 $918,519,241 $1,654,338,091 $3,366,192,385 $116.02 0.03%
Vanguard FTSE Developed Markets ETF VEA $2,452,576 $105,899,018 $316,485,116 $695,335,528 $72.46 0.05%

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 $5,139,500 $0.03 0.02%
SPDR Portfolio Total Stock Market ETF SPTM $0 $9,066,527 $100,605,018 $307,772,521 $3.49 0.03%
Schwab US Broad Market ETF SCHB $0 $14,041,989 $489,683,782 $490,698,186 $15.47 0.03%
iShares Core S&P Total U.S. Stock Market ETF ITOT $0 $403,023,735 $992,182,585 $2,000,215,620 $21.31 0.03%
Vanguard Total Stock Market ETF VTI $103,902,432 $795,857,946 $503,731,412 $2,542,065,360 $116.69 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 iBoxx $ High Yield Corporate Bond ETF HYG $1,029,134,610 $1,262,934,790 $948,288,320 $1,377,912,390 $17.04 0.49%
iShares iBoxx $ Investment Grade Corporate Bond ETF LQD $846,411,270 $1,929,559,840 $3,723,144,150 $2,161,419,280 $36.23 0.15%
Invesco QQQ Trust QQQ $615,030,900 -$14,532,750 $436,721,350 $1,623,544,050 $67.56 0.20%
Vanguard S&P 500 ETF VOO $559,108,595 $918,519,241 $1,654,338,091 $3,366,192,385 $116.02 0.03%
iShares Core S&P 500 ETF IVV $396,012,915 $2,148,160,910 $4,176,020,360 $7,724,422,685 $184.07 0.04%

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 S&P 500 ETF IVV $396,012,915 $2,148,160,910 $4,176,020,360 $7,724,422,685 $184.07 0.04%
iShares iBoxx $ Investment Grade Corporate Bond ETF LQD $846,411,270 $1,929,559,840 $3,723,144,150 $2,161,419,280 $36.23 0.15%
Vanguard Mid-Cap ETF VO -$324,332,358 $1,799,362,847 $1,882,364,845 $293,926,752 $28.04 0.04%
iShares Russell 2000 ETF IWM $239,522,430 $1,521,852,955 $1,151,151,350 $888,841,250 $43.65 0.20%
Vanguard Growth ETF VUG -$265,773,667 $1,439,273,329 $1,563,782,547 $1,176,177,330 $42.30 0.04%

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 S&P 500 ETF IVV $396,012,915 $2,148,160,910 $4,176,020,360 $7,724,422,685 $184.07 0.04%
iShares Short Treasury Bond ETF SHV $33,168,420 $187,895,960 $4,164,377,270 $4,870,687,170 $24.53 0.15%
iShares iBoxx $ Investment Grade Corporate Bond ETF LQD $846,411,270 $1,929,559,840 $3,723,144,150 $2,161,419,280 $36.23 0.15%
iShares 7-10 Year Treasury Bond ETF IEF $65,899,860 -$174,718,970 $2,198,623,960 $2,444,573,210 $16.13 0.15%
Vanguard Mid-Cap ETF VO -$324,332,358 $1,799,362,847 $1,882,364,845 $293,926,752 $28.04 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 $396,012,915 $2,148,160,910 $4,176,020,360 $7,724,422,685 $184.07 0.04%
iShares Core MSCI EAFE ETF IEFA $0 $1,049,998,080 $1,748,046,940 $5,716,452,840 $65.58 0.08%
iShares Short Treasury Bond ETF SHV $33,168,420 $187,895,960 $4,164,377,270 $4,870,687,170 $24.53 0.15%
Vanguard S&P 500 ETF VOO $559,108,595 $918,519,241 $1,654,338,091 $3,366,192,385 $116.02 0.03%
iShares 20+ Year Treasury Bond ETF TLT -$26,506,020 $90,241,650 $1,070,381,620 $3,259,285,490 $14.55 0.15%

Source: ETF Global

 

 

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