Equity ETFs have typically dominated the ETF universe in terms of the sheer number of funds and the amount of assets invested in them. The category represents more than three-quarters of the total assets invested in the U.S.-listed ETFs. Unsurprisingly, equity ETFs have dominated fund flows, pulling in nearly $150 billion this year while the entire ETF industry has gained more than $363 billion. Investor interest may have fallen off a bit, but it’s still fairly strong.
Using LOGICLY’s data and analytics platform, this article looks at the top funds in the equity asset class that have brought in the most assets YTD.
Large Equity ETFs Lead Flows
There are three equity ETFs that have added at least $9.0 billion in assets so far this year. The $328.3 billion Vanguard S&P 500 ETF (VOO) pulled in just over $19.0 billion in flows YTD, putting it at the top of the flows leaderboard. VOO tracks the S&P 500 Index and includes names like Apple Inc., Microsoft Corporation, and Amazon.com Inc. among its top holdings. The fund also has a low expense ratio of 0.03%. VOO is up 18.53% YTD.
The largest ETF in the world also tracks the S&P 500 Index. The $427.8 billion SPDR S&P 500 ETF Trust (SPY) claimed fourth place for equity ETF inflows with a gain of $8.4 billion year-to-date. The fund is three times more expensive than VOO, with an expense ratio of 0.09%, which could explain why it’s gathering assets more slowly in 2023. It has a similar YTD return to VOO at 18.44%.