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ETF AM Wrap-Up: Investors Rotate Into Low Beta ETFs

May 09, 2019

Actionable and Transparent Quantitative ResearchActionable and Transparent Quantitative Research
Actionable and Transparent Quantitative ResearchActionable and Transparent Quantitative Research
 
  • Uncertainty among investors surrounding the US-China trade negotiations continued to dominate sentiment yesterday. As we observed yesterday, investors appear to be favoring more defensive sector allocations. 
     
  • The Consumer Staples Select Sector SPDR Fund (XLP) was the top ETF in our 3,000+ ETF universe by 1-day fund flow yesterday, bringing in $562.1 million from investors. Closely following XLP was the Financial Select Sector SPDR Fund (XLF) and the Industrial Select Sector SPDR Fund (XLI), which observed $360.5 million and $213.0 million of inflows yesterday.
  • XLP has a “BUY” trading signal and a “Poor” Smart Beta rating.  
  • XLF has a “SELL” trading signal.  
  • XLI has a “SELL” trading signal.
     
  • Eclipsing the positive fund flows into US large-cap sector ETFs were outflows from major benchmark US indices, specifically the S&P 500 and the Nasdaq 100. This can be seen in the 1-day outflows from the SPDR S&P 500 ETF Trust (SPY) and the Invesco QQQ Trust (QQQ) of $2.15 billion and $567.9 million. Yesterday’s elevated outflows from the SPY now brings its 7-day outflow to $9.41 billion.
  • SPY has a “BUY” trading signal and a “Caution” Smart Beta rating.  
  • QQQ has a “BUY” trading signal and a “Poor” 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 -$2,145,526,297 -$9,407,227,390 -$4,914,427,923 $201,260,393 $266.73 0.09%
iShares Core S&P 500 ETF IVV $28,994,060 -$161,608,615 $543,409,990 $9,713,026,005 $174.82 0.04%
Vanguard Total Stock Market ETF VTI $164,836,892 $280,543,957 $1,267,995,922 $3,032,960,129 $113.22 0.03%
Vanguard S&P 500 ETF VOO $154,801,501 $661,672,859 $1,881,082,938 $5,189,940,745 $111.48 0.03%
Invesco QQQ Trust QQQ -$567,873,400 -$2,566,305,850 -$981,182,150 $780,189,750 $72.42 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 $2,602,500 $0 $0.03 0.02%
Vanguard Total Stock Market ETF VTI $164,836,892 $280,543,957 $1,267,995,922 $3,032,960,129 $113.22 0.03%
Schwab US Broad Market ETF SCHB $0 $10,513,483 -$160,061,930 $399,906,466 $14.50 0.03%
Vanguard S&P 500 ETF VOO $154,801,501 $661,672,859 $1,881,082,938 $5,189,940,745 $111.48 0.03%
SPDR Portfolio Total Stock Market ETF SPTM -$3,590,524 $1,908,487 $52,214,028 $217,436,853 $3.25 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 (%)
Consumer Staples Select Sector SPDR Fund XLP $562,084,311 $511,050,950 $221,850,822 $549,641,398 $11.43 0.13%
Financial Select Sector SPDR Fund XLF $360,495,823 $789,442,446 $1,502,324,301 $519,076,406 $25.75 0.13%
Industrial Select Sector SPDR Fund XLI $212,973,824 -$214,183,314 -$534,061,238 -$672,262,131 $10.16 0.13%
Vanguard Total Stock Market ETF VTI $164,836,892 $280,543,957 $1,267,995,922 $3,032,960,129 $113.22 0.03%
Vanguard S&P 500 ETF VOO $154,801,501 $661,672,859 $1,881,082,938 $5,189,940,745 $111.48 0.03%

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 (%)
Financial Select Sector SPDR Fund XLF $360,495,823 $789,442,446 $1,502,324,301 $519,076,406 $25.75 0.13%
Vanguard S&P 500 ETF VOO $154,801,501 $661,672,859 $1,881,082,938 $5,189,940,745 $111.48 0.03%
Utilities Select Sector SPDR Fund XLU $101,110,065 $539,035,819 $33,205,302 $506,300,026 $9.43 0.13%
Consumer Staples Select Sector SPDR Fund XLP $562,084,311 $511,050,950 $221,850,822 $549,641,398 $11.43 0.13%
iShares Broad USD High Yield Corporate Bond ETF USHY $2,019,780 $370,713,560 $559,470,590 $1,005,489,835 $1.24 0.22%

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 $110,399,220 $345,786,420 $2,555,908,340 $5,769,392,340 $63.30 0.08%
Vanguard S&P 500 ETF VOO $154,801,501 $661,672,859 $1,881,082,938 $5,189,940,745 $111.48 0.03%
iShares 20+ Year Treasury Bond ETF TLT -$62,490,200 -$136,680,710 $1,598,733,280 $1,673,693,920 $12.25 0.15%
Financial Select Sector SPDR Fund XLF $360,495,823 $789,442,446 $1,502,324,301 $519,076,406 $25.75 0.13%
Vanguard Total Stock Market ETF VTI $164,836,892 $280,543,957 $1,267,995,922 $3,032,960,129 $113.22 0.03%

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 $28,994,060 -$161,608,615 $543,409,990 $9,713,026,005 $174.82 0.04%
iShares Core MSCI EAFE ETF IEFA $110,399,220 $345,786,420 $2,555,908,340 $5,769,392,340 $63.30 0.08%
Vanguard S&P 500 ETF VOO $154,801,501 $661,672,859 $1,881,082,938 $5,189,940,745 $111.48 0.03%
Graniteshares Gold Trust BAR $42,695,750 $42,695,750 $31,894,200 $4,141,935,020 $0.49 0.17%
Vanguard Total Stock Market ETF VTI $164,836,892 $280,543,957 $1,267,995,922 $3,032,960,129 $113.22 0.03%

Source: ETF Global

 

 

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