iShares MSCI USA Value Factor ETF (VLUE)

Market Price (9/23/2026): $201.81

iShares MSCI USA Value Factor ETF (VLUE)

Market Price (9/23/2026): $201.81

Key Takeaways

VLUE has returned +49.4% YTD vs +14.0% for SPY; +67.0% over the past 12 months (SPY +16.9%). details →
Priced in gold, VLUE has returned +4.2% over the past 3 years, vs +138.1% in dollars. details →
Over the past month, VLUE has seen net outflows of −$192M (−2.0% of assets). details →
VLUE is trading within 1.4% of its all-time high. details →
Risk-adjusted returns beat SPY: 3-year Sharpe ratio of 1.4 vs 1.0. details →

Last updated: 9/22/2026.

Price Chart

ETF Price
Price/Gold

Asset Allocation with VLUE

Risk Tolerance:

ConservativeModerateAggressive

Moderate — 55% equity / 25% bonds / 20% alternatives

10Y Return (ann.)

+11.7%

Volatility

12.7%

Sharpe

0.72

YTD

+29.1%

Modeled with monthly rebalancing to target weights; 10-year figures are annualized from monthly returns. Illustrative only — past performance is not indicative of future results.

	ETF	%	1D	1W	1M	YTD
Equity	VLUE	25.0%	0.4%	1.6%	0.1%	49.4%
Bond	BND	50.0%	0.0%	0.4%	-0.8%	-1.0%
Gold	GLD	10.0%	0.4%	1.5%	-5.5%	0.9%
Commodity	DBC	2.5%	0.0%	-3.3%	4.2%	45.7%
Real Estate	VNQ	5.0%	-1.1%	-1.4%	-5.8%	6.9%
Bitcoin	BTCUSD	0.0%	-1.1%	13.3%	9.4%	-2.1%
Cash	GOVT	7.5%	0.0%	0.3%	-1.2%	-1.6%
Conservative Portfolio		100.0%	0.1%	0.6%	-1.2%	13.3%

	ETF	%	1D	1W	1M	YTD
Equity	VLUE	55.0%	0.4%	1.6%	0.1%	49.4%
Bond	BND	25.0%	0.0%	0.4%	-0.8%	-1.0%
Gold	GLD	7.0%	0.4%	1.5%	-5.5%	0.9%
Commodity	DBC	4.0%	0.0%	-3.3%	4.2%	45.7%
Real Estate	VNQ	5.0%	-1.1%	-1.4%	-5.8%	6.9%
Bitcoin	BTCUSD	2.0%	-1.1%	13.3%	9.4%	-2.1%
Cash	GOVT	2.0%	0.0%	0.3%	-1.2%	-1.6%
Moderate Portfolio		100.0%	0.2%	1.2%	-0.5%	29.1%

	ETF	%	1D	1W	1M	YTD
Equity	VLUE	80.0%	0.4%	1.6%	0.1%	49.4%
Bond	BND	5.0%	0.0%	0.4%	-0.8%	-1.0%
Gold	GLD	3.0%	0.4%	1.5%	-5.5%	0.9%
Commodity	DBC	2.2%	0.0%	-3.3%	4.2%	45.7%
Real Estate	VNQ	4.5%	-1.1%	-1.4%	-5.8%	6.9%
Bitcoin	BTCUSD	5.2%	-1.1%	13.3%	9.4%	-2.1%
Cash	GOVT	0.0%	0.0%	0.3%	-1.2%	-1.6%
Aggressive Portfolio		100.0%	0.2%	1.9%	0.2%	40.7%

	ETF	%	Return	Volatility	Sharpe
Equity	VLUE	25.0%	14.5%	19.3%	0.65
Bond	BND	50.0%	1.4%	5.2%	-0.25
Gold	GLD	10.0%	12.2%	15.3%	0.64
Commodity	DBC	2.5%	8.3%	17.3%	0.40
Real Estate	VNQ	5.0%	4.7%	17.5%	0.19
Bitcoin	BTCUSD	0.0%	64.0%	76.3%	0.96
Cash	GOVT	7.5%	0.4%	4.9%	-0.46
Conservative Portfolio		100.0%	6.3%	7.7%	0.47

	ETF	%	Return	Volatility	Sharpe
Equity	VLUE	55.0%	14.5%	19.3%	0.65
Bond	BND	25.0%	1.4%	5.2%	-0.25
Gold	GLD	7.0%	12.2%	15.3%	0.64
Commodity	DBC	4.0%	8.3%	17.3%	0.40
Real Estate	VNQ	5.0%	4.7%	17.5%	0.19
Bitcoin	BTCUSD	2.0%	64.0%	76.3%	0.96
Cash	GOVT	2.0%	0.4%	4.9%	-0.46
Moderate Portfolio		100.0%	11.7%	12.7%	0.72

	ETF	%	Return	Volatility	Sharpe
Equity	VLUE	80.0%	14.5%	19.3%	0.65
Bond	BND	5.0%	1.4%	5.2%	-0.25
Gold	GLD	3.0%	12.2%	15.3%	0.64
Commodity	DBC	2.2%	8.3%	17.3%	0.40
Real Estate	VNQ	4.5%	4.7%	17.5%	0.19
Bitcoin	BTCUSD	5.2%	64.0%	76.3%	0.96
Cash	GOVT	0.0%	0.4%	4.9%	-0.46
Aggressive Portfolio		100.0%	16.9%	17.7%	0.82

Figures are on an annualized basis, based on monthly return data for the last 10 years

	ETF	%	Inflation Shock	Covid Pandemic	2018 Correction
Equity	VLUE	25.0%	-24.3%	-35.7%	-23.1%
Bond	BND	50.0%	-14.2%	-2.2%	1.3%
Gold	GLD	10.0%	-7.7%	-6.3%	5.0%
Commodity	DBC	2.5%	20.5%	-23.7%	-17.5%
Real Estate	VNQ	5.0%	-29.8%	-41.6%	-11.1%
Bitcoin	BTCUSD	0.0%	-56.0%	-33.5%	-37.4%
Cash	GOVT	7.5%	-12.4%	4.4%	1.6%
Conservative Portfolio		100.0%	-15.9%	-13.0%	-5.5%

	ETF	%	Inflation Shock	Covid Pandemic	2018 Correction
Equity	VLUE	55.0%	-24.3%	-35.7%	-23.1%
Bond	BND	25.0%	-14.2%	-2.2%	1.3%
Gold	GLD	7.0%	-7.7%	-6.3%	5.0%
Commodity	DBC	4.0%	20.5%	-23.7%	-17.5%
Real Estate	VNQ	5.0%	-29.8%	-41.6%	-11.1%
Bitcoin	BTCUSD	2.0%	-56.0%	-33.5%	-37.4%
Cash	GOVT	2.0%	-12.4%	4.4%	1.6%
Moderate Portfolio		100.0%	-19.5%	-24.3%	-14.0%

	ETF	%	Inflation Shock	Covid Pandemic	2018 Correction
Equity	VLUE	80.0%	-24.3%	-35.7%	-23.1%
Bond	BND	5.0%	-14.2%	-2.2%	1.3%
Gold	GLD	3.0%	-7.7%	-6.3%	5.0%
Commodity	DBC	2.2%	20.5%	-23.7%	-17.5%
Real Estate	VNQ	4.5%	-29.8%	-41.6%	-11.1%
Bitcoin	BTCUSD	5.2%	-56.0%	-33.5%	-37.4%
Cash	GOVT	0.0%	-12.4%	4.4%	1.6%
Aggressive Portfolio		100.0%	-24.2%	-33.0%	-21.2%

The table shows the return of different asset classes during market crises - specifically during the period where the S&P fell and bottomed

Learn More →

Tailored Asset Allocation
[1] Personalized 5 Level Risk Tolerance Assessment
[2] Asset Allocation for My Risk Tolerance

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Protect Wealth
[1] Defensive Portfolios
[2] Tax-Efficient Strategies

Valuation & Yield

	Forward [4,5]	Now	Historical (CYE & TTM)
	9/30/27	9/23/26	2025	2024	2023	2022	2021
Share Price CYE		$202.70	$135.66	$102.26	$95.35	$83.44	$97.22
Dividend/Share TTM		$2.14	$2.89	$2.88	$2.69	$2.90	$2.43
Valuation [1]
P/S	1.64	1.83	1.44	1.71	1.55	1.32	1.54
P/E		17.56	17.14	14.98	14.61	11.89	14.81
P/E (Non-GAAP) [2]	10.04	13.13	12.15	13.88	17.24	13.16	17.27
P/FCF		16.75	15.13	17.22	15.25	16.80	19.49
Yields TTM
Earnings Yield	9.96%	5.69%	5.83%	6.67%	6.85%	8.41%	6.75%
Dividend Yield	1.06%	1.06%	2.13%	2.81%	2.82%	3.48%	2.50%
Total Yield (TY)	11.01%	6.75%	7.96%	9.49%	9.67%	11.89%	9.25%
Risk Premium [3]
Risk Free Rate (Rf)	4.96%	4.96%	4.18%	4.58%	3.88%	3.88%	1.52%
Risk Prem. (TY - Rf)	6.05%	1.79%	3.78%	4.91%	5.79%	8.01%	7.73%
Growth Rates [6]
Sales Growth	3.6%	5.0%	4.0%	4.3%	1.2%	9.9%
Earnings Growth [7]	7.6%	21.8%	-13.1%	-1.0%	-2.5%	-25.2%

[1] P/E uses the aggregate method over profitable constituents; P/FCF aggregates net free cash flow across all constituents (negative-FCF names reduce it); P/S uses all constituents. Ratios reflect current ETF holdings at current weights. P/FCF has no Forward column (no analyst FCF estimate).
[2] P/E (Non-GAAP) uses analyst consensus net income (adjusted basis) for all periods. The standard P/E row above uses GAAP net income.
[3] The premium above the risk free rate (US 10Y) offered by the investment. Negative premiums can indicate stretched valuations.
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Highlights

YIELD

VLUE's earnings yield is 5.69%, based on its 17.6x trailing P/E. With a 1.06% dividend yield, VLUE is yielding 6.75% in total.

RISK

Compared to US Treasuries at 4.96%, VLUE's total yield implies a reasonable 1.79% risk premium. Risk premiums at this level suggest valuations are not excessive.

FORWARD EXPECTATIONS

Based on analyst estimates, VLUE's forward total yield is 11.01%, implying a 6.05% risk premium assuming stable Treasury rates.

Top 20 Holdings for VLUE

Total Weights
Top 5: 34.6% | Top 10: 44.0% | Top 20: 58.0%

Ticker	Holding	ETF Weight	Sales Weight	Earnings Weight	Fwd P/S	Fwd P/E	Fwd Sales Growth	Fwd Earnings Growth
Total		95.73%	100.00%	100.00%	1.2	9.6	+3.6%	+7.6%
Top 20		56.96%	50.72%	54.97%	1.4	8.5	+4.2%	+8.1%
MU	Micron Technology	20.86%	2.05%	15.93%	4.9	6.9	+13.0%	+8.3%
CSCO	Cisco Systems	4.22%	0.85%	2.49%	5.7	20.4	+7.2%	+8.0%
GM	General Motors	3.70%	12.32%	1.80%	0.4	5.2	+2.3%	+12.4%
VZ	Verizon Communications	3.08%	2.97%	4.81%	1.4	9.0	+1.7%	+1.8%
T	AT&T	2.77%	2.72%	6.40%	1.3	9.5	+2.2%	+9.0%
BAC	Bank of America	2.02%	0.82%	3.16%	3.1	10.4	+5.3%	+10.8%
DELL	Dell Technologies	1.93%	1.11%	1.16%	1.6	19.7	+20.9%	+9.6%
F	Ford Motor	1.90%	9.17%	—	0.3	6.6	+2.3%	+4.8%
HPE	Hewlett Packard Enterprise	1.81%	1.25%	1.16%	1.5	12.8	+16.7%	+29.2%
QCOM	Qualcomm	1.74%	0.49%	1.44%	4.7	19.6	+4.7%	-8.8%
CMCSA	Comcast	1.72%	3.61%	4.50%	0.7	6.0	-1.8%	+6.9%
PFE	Pfizer	1.71%	0.92%	0.87%	2.6	9.6	-4.0%	-3.1%
DIS	Walt Disney	1.66%	1.22%	1.48%	1.7	13.3	+4.7%	+11.1%
C	Citigroup	1.59%	0.86%	2.35%	2.3	9.8	+3.8%	+16.8%
CRM	Salesforce	1.32%	0.41%	1.25%	3.9	12.6	+9.9%	+12.5%
CVS	CVS Health	1.32%	6.60%	1.08%	0.3	10.3	+3.2%	+6.3%
WFC	Wells Fargo	1.23%	0.57%	2.06%	2.8	10.2	+4.4%	+9.9%
FDX	FedEx	1.22%	2.18%	1.42%	0.8	14.8	+2.8%	+8.5%
BMY	Bristol-Myers Squibb	1.18%	0.61%	1.61%	2.6	9.3	-3.0%	-5.8%
null	N/A	1.05%	—	—	—	—	—	—

[1] Total and Top 20 rows are weighted aggregates across constituents.
[2] Forward P/S and P/E ratios use consensus sales and earnings for the 12 months ending 9/30/27. Individual constituent FY1 and FY2 consensus figures adjusted to align with 9/30/27.
[3] Forward Sales and Non-GAAP Earnings Growth are calculated as next fiscal year (FY2) consensus growth over current fiscal year (FY1) consensus. They are not derived from the forward P/S and P/E multiples shown.

Performance for VLUE Top Holdings

Ticker	Holding	Weight	Mkt Price 9/22	1D Rtn	1M Rtn	YTD Rtn	1Y Rtn	3Y Rtn	5Y Rtn	10Y Rtn
VLUE	iShares MSCI USA Value Factor ETF	100.00%	202.70	0.4%	0.1%	49.4%	67.0%	138.1%	124.8%	283.4%
MU	Micron Technology	20.86%	1,096.16	5.0%	13.4%	284.3%	566.9%	1,509.2%	1,418.2%	6,330.8%
CSCO	Cisco Systems	4.22%	106.44	-4.5%	-4.1%	40.2%	60.4%	115.1%	115.9%	357.0%
GM	General Motors	3.70%	83.45	-0.6%	-4.9%	3.3%	43.0%	164.0%	67.7%	213.3%
VZ	Verizon Communications	3.08%	46.45	-2.6%	-6.1%	19.8%	15.0%	70.7%	17.1%	51.3%
T	AT&T	2.77%	25.10	-1.4%	-0.8%	4.7%	-9.1%	94.4%	62.3%	44.1%
BAC	Bank of America	2.02%	56.20	-3.0%	-8.4%	3.8%	10.6%	118.5%	52.4%	352.7%
DELL	Dell Technologies	1.93%	548.92	-4.6%	24.2%	340.1%	309.7%	722.2%	1,068.1%
F	Ford Motor	1.90%	13.10	-0.5%	-9.1%	3.3%	17.6%	27.2%	30.2%	82.2%
HPE	Hewlett Packard Enterprise	1.81%	61.03	-1.2%	14.5%	157.1%	146.9%	285.7%	420.0%	369.4%
QCOM	Qualcomm	1.74%	198.27	2.1%	24.0%	17.7%	19.3%	96.2%	65.1%	314.0%
CMCSA	Comcast	1.72%	22.42	-2.2%	-16.5%	-17.1%	-20.5%	-41.2%	-50.0%	-7.7%
PFE	Pfizer	1.71%	27.93	0.7%	-0.5%	18.0%	24.3%	3.6%	-17.7%	28.4%
DIS	Walt Disney	1.66%	103.82	-0.4%	-3.7%	-8.0%	-6.4%	31.8%	-39.2%	20.8%
C	Citigroup	1.59%	132.47	-1.9%	0.6%	15.2%	30.7%	254.9%	121.7%	279.6%
CRM	Salesforce	1.32%	233.28	-1.3%	11.7%	-11.3%	-5.8%	15.2%	-14.4%	237.7%
CVS	CVS Health	1.32%	87.10	-0.6%	-6.4%	12.3%	19.6%	37.3%	21.2%	30.9%
WFC	Wells Fargo	1.23%	83.15	-3.9%	-0.8%	-9.3%	-0.2%	116.9%	96.5%	139.4%
FDX	FedEx	1.22%	295.94	0.1%	-8.6%	29.4%	63.3%	50.3%	78.4%	148.6%
BMY	Bristol-Myers Squibb	1.18%	62.25	-0.6%	-7.1%	19.3%	45.0%	21.7%	26.0%	56.8%
null	N/A	1.05%

Guidance Updates for VLUE Top Holdings

	Ticker	Company	Earnings Date	Guidance Metric	Midpoint Value	% Change	Guidance Change
BMY_7302026	BMY	Bristol-Myers Squibb	7/30/2026	2026 Revenue	49.50 Bil	5.9%	RaisedRaised Prior Guidance of 46.75 Bil for 2026
DELL_9012026	DELL	Dell Technologies	9/1/2026	Q3 2027 Revenue	49.00 Bil	10.1%	Higher NewNew Guidance Higher than Prior Actual of 44.50 Bil for Q2 2027
MU_6242026	MU	Micron Technology	6/24/2026	Q4 2026 Revenue	50.00 Bil	49.3%	Higher NewNew Guidance Higher than Prior Actual of 33.50 Bil for Q3 2026
QCOM_7292026	QCOM	Qualcomm	7/29/2026	Q4 2026 Revenue	10.10 Bil	5.2%	RaisedRaised Prior Guidance of 9.60 Bil for Q3 2026

Return vs. Risk

Price Returns Compared

	2021	2022	2023	2024	2025	2026	Total [1]
Returns
VLUE Return	29%	-14%	14%	7%	33%	49%	168%
Peers Return	22%	-15%	23%	20%	13%	12%	94%
S&P 500 Return	27%	-19%	24%	23%	16%	13%	107%
Monthly Win Rates [3]
VLUE Win Rate	67%	42%	42%	58%	75%	78%
Peers Win Rate	73%	40%	60%	73%	68%	76%
S&P 500 Win Rate	75%	42%	67%	75%	67%	56%
Max Drawdowns [4]
VLUE Max Drawdown	-7%	-27%	-12%	-9%	-17%	-9%
Peers Max Drawdown	-6%	-23%	-10%	-8%	-16%	-8%
S&P 500 Max Drawdown	-5%	-25%	-10%	-8%	-19%	-9%

[1] Cumulative total returns since the beginning of 2021
[2] Peers: RSP, QUAL, DFAC, DYNF, USMV.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 9/22/2026 (YTD)

Sharpe Ratios Compared

One measure of reward vs. risk is a Sharpe ratio. A higher ratio indicates better risk-adjusted returns. Most funds have Sharpe ratios < 1.0.

Ticker	1Y	3Y	5Y
VLUE	2.53	1.42	0.74
Equity Top Results (3Y)
IALT	2.08	2.08	2.08
VLUE	2.53	1.42	0.74
SPMO	0.94	1.37	0.79
CORO	1.35	1.33	1.33
CGDV	1.28	1.31	0.94

Results as of 8312026.

Event	VLUE	S&P 500
2025 US Tariff Shock
% Loss	-17.1%	-18.8%
% Gain to Breakeven	20.7%	23.1%
Time to Breakeven	79 days	79 days
Summer-Fall 2023 Five Percent Yield Shock
% Loss	-10.4%	-9.5%
% Gain to Breakeven	11.6%	10.5%
Time to Breakeven	42 days	24 days
2023 SVB Regional Banking Crisis
% Loss	-10.0%	-6.7%
% Gain to Breakeven	11.1%	7.1%
Time to Breakeven	71 days	31 days
2022 Inflation Shock & Fed Tightening
% Loss	-24.6%	-24.5%
% Gain to Breakeven	32.7%	32.4%
Time to Breakeven	523 days	427 days
2020 COVID-19 Crash
% Loss	-38.8%	-33.7%
% Gain to Breakeven	63.3%	50.9%
Time to Breakeven	256 days	140 days
Q4 2018 Fed Policy Error / Growth Scare
% Loss	-22.7%	-19.2%
% Gain to Breakeven	29.3%	23.8%
Time to Breakeven	319 days	105 days

Compare to RSP, QUAL, DFAC, DYNF, USMV

In The Past

iShares MSCI USA Value Factor ETF's stock fell -17.1% during the 2025 US Tariff Shock. Such a loss loss requires a 20.7% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

Event	VLUE	S&P 500
2022 Inflation Shock & Fed Tightening
% Loss	-24.6%	-24.5%
% Gain to Breakeven	32.7%	32.4%
Time to Breakeven	523 days	427 days
2020 COVID-19 Crash
% Loss	-38.8%	-33.7%
% Gain to Breakeven	63.3%	50.9%
Time to Breakeven	256 days	140 days
Q4 2018 Fed Policy Error / Growth Scare
% Loss	-22.7%	-19.2%
% Gain to Breakeven	29.3%	23.8%
Time to Breakeven	319 days	105 days

Compare to RSP, QUAL, DFAC, DYNF, USMV

In The Past

iShares MSCI USA Value Factor ETF's stock fell -17.1% during the 2025 US Tariff Shock. Such a loss loss requires a 20.7% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

VLUE Dip Buy History

VLUE had 13 events since 4/18/2013 where the dip threshold of -5.0% within 60 days was triggered

22% median peak return within 1 year of dip event
359 days is the median time to peak return after a dip event
-9% median max drawdown within 1 year of dip event

60 Day Dip			VLUE Subsequent Performance
Date	VLUE	SPY	1Y	Peak Return	Max Drop	# Days to Peak
Median			17%	22%	-9%	359
4042025	-10%	-14%	62%	63%	-2%	370
10042023	-6%	-4%	26%	26%	-3%	359
4252023	-6%	0%	17%	24%	-3%	338
3132023	-7%	-4%	22%	22%	-1%	365
3142022	-5%	-11%	-9%	8%	-17%	15
9012020	-5%	10%	41%	47%	-5%	276
2262020	-6%	-1%	21%	24%	-33%	364
5282019	-6%	0%	-0%	22%	-26%	260
10242018	-6%	-5%	7%	7%	-14%	366
4022018	-5%	-4%	1%	11%	-14%	171
1072016	-7%	-3%	24%	25%	-9%	363
8212015	-8%	-7%	7%	8%	-13%	360
10132014	-6%	-5%	8%	14%	-1%	221

[1] Dip event defined as first instance dip threshold is triggered within a 60-day time period.
[2] Analysis for period from 1/1/2005 to 9/22/2026

VLUE had 6 events since 4/18/2013 where the dip threshold of -10% within 90 days was triggered

25% median peak return within 1 year of dip event
355 days is the median time to peak return after a dip event
-10% median max drawdown within 1 year of dip event

90 Day Dip			VLUE Subsequent Performance
Date	VLUE	SPY	1Y	Peak Return	Max Drop	# Days to Peak
Median			24%	25%	-10%	355
4042025	-14%	-14%	62%	63%	-2%	370
5112022	-11%	-17%	-6%	6%	-14%	16
3092020	-17%	-9%	47%	47%	-21%	365
12112018	-10%	-6%	15%	16%	-11%	339
1252016	-11%	-4%	33%	34%	-2%	345
8242015	-10%	-9%	12%	12%	-9%	365

[1] Dip event defined as first instance dip threshold is triggered within a 90-day time period.
[2] Analysis for period from 1/1/2005 to 9/22/2026

VLUE had 2 events since 4/18/2013 where the dip threshold of -20% within 180 days was triggered

44% median peak return within 1 year of dip event
250 days is the median time to peak return after a dip event
-8.1% median max drawdown within 1 year of dip event

180 Day Dip			VLUE Subsequent Performance
Date	VLUE	SPY	1Y	Peak Return	Max Drop	# Days to Peak
Median			40%	44%	-8%	250
9212022	-20%	-20%	8%	16%	-6%	134
3122020	-21%	-14%	72%	72%	-10%	365

[1] Dip event defined as first instance dip threshold is triggered within a 180-day time period.
[2] Analysis for period from 1/1/2005 to 9/22/2026

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Current Dip Buy Opportunities Across ETFs

ETFs currently down 5% or more from trailing 6M peaks.

Ticker	Name	Dip %	Mkt Price	Price Date	Peak Price	Peak Date	# Days
IJH	iShares Core S&P Mid-Cap ETF	-6.6%	73.47	9222026	78.67	8162026	37
MDY	State Street SPDR S&P MIDCAP 400 ETF Trust	-6.5%	670.49	9222026	716.91	8162026	37
IVOO	Vanguard S&P Mid-Cap 400 ETF	-6.6%	124.34	9222026	133.08	8162026	37
IJR	iShares Core S&P Small-Cap ETF	-7.1%	139.70	9222026	150.44	8162026	37
VB	Vanguard Small-Cap ETF	-5.5%	292.33	9222026	309.29	8162026	37
IWM	iShares Russell 2000 ETF	-5.9%	287.21	9222026	305.09	8162026	37
SCHA	Schwab U.S. Small-Cap ETF	-6.6%	33.76	9222026	36.13	6302026	84
VTWO	Vanguard Russell 2000 ETF	-5.9%	116.00	9222026	123.31	8162026	37
DFAS	Dimensional U.S. Small Cap ETF	-6.0%	79.40	9222026	84.48	8162026	37
ESML	iShares ESG Aware MSCI USA Small-Cap ETF	-5.7%	53.41	9222026	56.64	8162026	37
NUSC	Nuveen ESG Small-Cap ETF	-6.4%	49.87	9222026	53.27	8162026	37
AKRE	Akre Focus ETF	-11.3%	54.89	9222026	61.85	8302026	23
IWP	iShares Russell Mid-Cap Growth ETF	-5.3%	139.90	9222026	147.70	8172026	36
IJK	iShares S&P Mid-Cap 400 Growth ETF	-6.5%	111.33	9222026	119.11	8172026	36
MDYG	State Street SPDR S&P 400 Mid Cap Growth ETF	-6.6%	106.23	9222026	113.69	8172026	36
IWO	iShares Russell 2000 Growth ETF	-7.0%	367.92	9222026	395.65	8162026	37
VBK	Vanguard Small-Cap Growth ETF	-6.1%	344.06	9222026	366.24	8172026	36
IJT	iShares S&P Small-Cap 600 Growth ETF	-8.2%	164.38	9222026	179.07	8042026	49
SLYG	State Street SPDR S&P 600 Small Cap Growth ETF	-8.2%	109.70	9222026	119.50	8042026	49
IWS	iShares Russell Mid-Cap Value ETF	-5.0%	164.72	9222026	173.44	8162026	37
IJJ	iShares S&P Mid-Cap 400 Value ETF	-6.6%	141.60	9222026	151.67	8162026	37
MDYV	State Street SPDR S&P 400 Mid Cap Value ETF	-6.6%	90.95	9222026	97.39	8162026	37
VBR	Vanguard Small-Cap Value ETF	-5.1%	238.74	9222026	251.66	8162026	37
AVUV	Avantis U.S. Small Cap Value ETF	-5.5%	121.61	9222026	128.74	8042026	49
IJS	iShares S&P Small-Cap 600 Value ETF	-6.4%	131.74	9222026	140.68	8162026	37
SLYV	State Street SPDR S&P 600 Small Cap Value ETF	-6.4%	105.06	9222026	112.22	8162026	37
VIOV	Vanguard S&P Small-Cap 600 Value ETF	-6.3%	113.15	9222026	120.76	8162026	37
ASHR	Xtrackers Harvest CSI 300 China A-Shares ETF	-8.4%	34.17	9222026	37.30	6222026	92
EWY	iShares MSCI South Korea ETF	-12.1%	192.62	9222026	219.20	6212026	93
EWZ	iShares MSCI Brazil ETF	-8.3%	38.26	9222026	41.73	4142026	161
FXI	iShares China Large-Cap ETF	-8.5%	35.00	9222026	38.26	5132026	132
ILF	iShares Latin America 40 ETF	-6.0%	35.81	9222026	38.10	4142026	161
KWEB	KraneShares CSI China Internet ETF	-17.1%	25.37	9222026	30.59	5132026	132
DVY	iShares Select Dividend ETF	-5.6%	156.24	9222026	165.50	8162026	37
SDY	State Street SPDR S&P Dividend ETF	-5.8%	149.92	9222026	159.18	8242026	29
NOBL	ProShares S&P 500 Dividend Aristocrats ETF	-5.6%	55.78	9222026	59.07	8242026	29
COWZ	Pacer US Cash Cows 100 ETF	-5.6%	68.36	9222026	72.40	8302026	23
MTUM	iShares MSCI USA Momentum Factor ETF	-7.9%	317.90	9222026	345.22	6222026	92
SPHQ	Invesco S&P 500 Quality ETF	-5.7%	84.98	9222026	90.10	6302026	84
FNDA	Schwab Fundamental U.S. Small Company ETF	-6.5%	36.03	9222026	38.52	8162026	37
SPMO	Invesco S&P 500 Momentum ETF	-5.2%	153.30	9222026	161.66	6222026	92
URA	Global X Uranium ETF	-24.9%	43.74	9222026	58.26	5062026	139
BOTZ	Global X Funds Global X Robotics & Artificial Intelligence ETF	-13.5%	36.01	9222026	41.63	5132026	132
ROBO	ROBO Global Robotics & Automation Index ETF	-9.9%	81.44	9222026	90.34	6022026	112
LIT	Global X Lithium & Battery Tech ETF	-22.1%	71.33	9222026	91.62	5112026	134
ICLN	iShares Global Clean Energy ETF	-24.9%	17.83	9222026	23.75	6022026	112
ARKQ	ARK Autonomous Technology & Robotics ETF	-12.1%	126.47	9222026	143.82	5282026	117
ARKX	ARK Space & Defense Innovation ETF	-12.5%	33.04	9222026	37.74	5282026	117
NASA	Tema Space Innovators ETF	-40.5%	24.93	9222026	41.89	5272026	118
DRSK	Aptus Defined Risk ETF	-5.7%	27.99	9222026	29.67	6012026	113
YYY	Amplify CEF High Income ETF	-6.5%	10.81	9222026	11.56	7122026	72
GDE	WisdomTree Efficient Gold Plus Equity Strategy Fund	-5.3%	67.50	9222026	71.30	8252026	28
XLF	State Street Financial Select Sector SPDR ETF	-6.4%	54.80	9222026	58.56	9032026	19
XLE	State Street Energy Select Sector SPDR ETF	-6.3%	61.78	9222026	65.93	9152026	7
XLI	State Street Industrial Select Sector SPDR ETF	-8.7%	170.27	9222026	186.51	8162026	37
XLY	State Street Consumer Discretionary Select Sector SPDR ETF	-7.8%	112.33	9222026	121.82	5282026	117
XLP	State Street Consumer Staples Select Sector SPDR ETF	-5.4%	82.73	9222026	87.45	8242026	29
XLU	State Street Utilities Select Sector SPDR ETF	-13.5%	40.53	9222026	46.85	4092026	166
XLB	State Street Materials Select Sector SPDR ETF	-5.9%	50.53	9222026	53.67	8262026	27
IYJ	iShares U.S. Industrials ETF	-7.9%	156.37	9222026	169.86	8042026	49
IYM	iShares U.S. Basic Materials ETF	-5.7%	185.35	9222026	196.45	8252026	28
FXN	First Trust Energy AlphaDEX Fund	-7.5%	22.53	9222026	24.35	9152026	7
SMH	VanEck Semiconductor ETF	-9.2%	607.46	9222026	668.91	6222026	92
SOXX	iShares Semiconductor ETF	-12.6%	572.78	9222026	655.01	6222026	92
ITA	iShares U.S. Aerospace & Defense ETF	-15.5%	214.00	9222026	253.22	8162026	37
XOP	State Street SPDR S&P Oil & Gas Exploration & Production ETF	-9.1%	181.61	9222026	199.70	9152026	7
IYT	iShares U.S. Transportation ETF	-11.0%	80.15	9222026	90.01	7162026	68
IAI	iShares U.S. Broker-Dealers & Securities Exchanges ETF	-7.4%	183.44	9222026	198.06	9032026	19
KRE	State Street SPDR S&P Regional Banking ETF	-8.6%	71.19	9222026	77.93	8162026	37
MISL	First Trust Indxx Aerospace & Defense ETF	-13.2%	42.71	9222026	49.19	5282026	117
RING	iShares MSCI Global Gold Miners ETF	-7.9%	85.84	9222026	93.17	8252026	28
SOXQ	Invesco PHLX Semiconductor ETF	-13.3%	99.83	9222026	115.11	6222026	92
TLT	iShares 20+ Year Treasury Bond ETF	-5.8%	81.75	9222026	86.78	6292026	85
SPTL	State Street SPDR Portfolio Long Term Treasury ETF	-5.3%	24.94	9222026	26.33	6292026	85
EDV	Vanguard World Funds Extended Duration ETF	-7.9%	60.23	9222026	65.43	6242026	90
LMUB	iShares Long-Term National Muni Bond ETF	-6.7%	47.59	9222026	51.00	7052026	79
GLD	SPDR Gold Trust	-10.3%	400.07	9222026	445.93	4192026	156
IAU	iShares Gold Trust	-10.6%	81.67	9222026	91.34	4192026	156
GLDM	SPDR Gold MiniShares Trust	-10.1%	86.33	9222026	96.04	4192026	156
SLV	iShares Silver Trust	-24.9%	59.63	9222026	79.35	5132026	132
PPLT	ETFS Physical Platinum Shares	-15.0%	16.62	9222026	19.55	5132026	132
PALL	ETFS Physical Palladium Shares	-17.8%	23.75	9222026	28.89	4142026	161
USO	United States Oil Fund LP	-11.0%	144.08	9222026	161.86	9152026	7
UNG	United States Natural Gas Fund LP	-11.6%	10.86	9222026	12.28	3292026	177
BNO	United States Brent Oil Fund LP ETV	-7.1%	55.85	9222026	60.13	5042026	141
VNQ	Vanguard Real Estate ETF	-8.1%	92.82	9222026	100.95	7282026	56
XLRE	State Street Real Estate Select Sector SPDR ETF	-7.6%	42.50	9222026	46.01	7282026	56
SCHH	Schwab U.S. REIT ETF	-7.8%	22.91	9222026	24.86	7262026	58
IYR	iShares U.S. Real Estate ETF	-8.0%	98.68	9222026	107.26	7282026	56
REET	iShares Global REIT ETF	-8.5%	26.44	9222026	28.89	7262026	58
USRT	iShares Core U.S. REIT ETF	-9.4%	63.26	9222026	69.82	7262026	58

ETF Fund Flows

Largest fund inflows and outflows across ETFs, with the asset-allocation rotation they imply.

Net fund flows · as of 2026-09-22

Asset allocation rotation · Past week

Equity ETFs drew the largest net inflows (+$33.7B), followed by Bond (+$4.4B), with every major asset class in net inflows.
Within the mix, money rotated into US Large Cap Core (+$26.4B) and out of Factor Smart Beta (−$4.1B).
Relative to fund size, CORO drew the largest inflow (+49.6% of AUM) and MTUM the largest outflow (−16.5%).

Largest inflows

#	Ticker	Name	Type	Net flow	% of AUM
1	IVV	iShares Core S&P 500 ETF	Equity US Large Cap Core	+$43.91B	+5.2%
2	SPY	State Street SPDR S&P 500 ETF	Equity US Large Cap Core	+$6.85B	+0.9%
3	CORO	iShares International Country Rotation Active ETF	Equity International Broad	+$4.19B	+49.6%
4	IUSB	iShares Core Universal USD Bond ETF	Bond Core Plus Multisector	+$3.15B	+7.2%
5	ARKK	ARK Innovation ETF	Equity Thematic	+$2.55B	+27.4%
6	SOXX	iShares Semiconductor ETF	Equity Industry Subsector	+$2.16B	+4.7%
7	BLCR	iShares Large Cap Core Active ETF	Other	+$1.97B	+29.0%
8	MUB	iShares National Muni Bond ETF	Bond Municipal	+$1.6B	+3.5%
9	SPYM	State Street SPDR Portfolio S&P 500 ETF	Equity US Large Cap Core	+$1.48B	+0.9%
10	HYG	iShares iBoxx $ High Yield Corporate Bond ETF	Bond High Yield Corporate	+$1.06B	+7.0%

#	Ticker	Name	Type	Net flow	% of AUM
1	CORO	iShares International Country Rotation Active ETF	Equity International Broad	+$4.19B	+49.6%
2	BLCR	iShares Large Cap Core Active ETF	Other	+$1.97B	+29.0%
3	ARKK	ARK Innovation ETF	Equity Thematic	+$2.55B	+27.4%
4	SMTH	ALPS Funds Smith Core Plus Bond ETF	Other	+$615M	+17.0%
5	BKGI	BNY Mellon Global Infrastructure Income ETF	Other	+$314M	+16.9%
6	MAGS	Roundhill Magnificent Seven ETF	Equity US Large Concentrated	+$597M	+12.6%
7	XAGG	Morgan Stanley ETF Trust - Eaton Vance Strategic Income Opportunities ETF	Other	+$131M	+7.7%
8	BUG	Global X - Cybersecurity ETF	Other	+$137M	+7.3%
9	IUSB	iShares Core Universal USD Bond ETF	Bond Core Plus Multisector	+$3.15B	+7.2%
10	HYG	iShares iBoxx $ High Yield Corporate Bond ETF	Bond High Yield Corporate	+$1.06B	+7.0%

Largest outflows

#	Ticker	Name	Type	Net flow	% of AUM
1	VOO	Vanguard S&P 500 ETF	Equity US Large Cap Core	-$25.48B	-2.4%
2	MTUM	iShares MSCI USA Momentum Factor ETF	Equity Factor Smart Beta	-$4.05B	-16.5%
3	QQQ	Invesco QQQ Trust, Series 1	Equity US Nasdaq Growth	-$2.42B	-0.5%
4	TLT	iShares 20+ Year Treasury Bond ETF	Bond Long Treasury	-$2.22B	-4.8%
5	XLF	State Street Financial Select Sector SPDR ETF	Equity Broad Sector	-$1.37B	-2.6%
6	IWM	iShares Russell 2000 ETF	Equity US Small Cap Core	-$1.33B	-1.7%
7	MBB	iShares MBS ETF	Bond Mortgage Backed	-$1.26B	-3.2%
8	EWY	iShares MSCI South Korea ETF	Equity Emerging Markets	-$945M	-3.6%
9	XLE	State Street Energy Select Sector SPDR ETF	Equity Broad Sector	-$567M	-1.4%
10	CGGO	Capital Group Global Growth Equity ETF	Other	-$541M	-4.5%

#	Ticker	Name	Type	Net flow	% of AUM
1	MTUM	iShares MSCI USA Momentum Factor ETF	Equity Factor Smart Beta	-$4.05B	-16.5%
2	IGOV	iShares International Treasury Bond ETF	Bond International	-$194M	-14.6%
3	KRE	State Street SPDR S&P Regional Banking ETF	Equity Industry Subsector	-$349M	-9.2%
4	SNXX	Tradr 2X Long SNDK Daily ETF	Other	-$165M	-8.4%
5	SCMB	Schwab Municipal Bond ETF	Other	-$258M	-7.8%
6	INDA	iShares MSCI India ETF	Other	-$419M	-6.8%
7	LMUB	iShares Long-Term National Muni Bond ETF	Bond Municipal	-$117M	-6.4%
8	BITO	ProShares Bitcoin ETF	Other	-$91M	-5.4%
9	LCTU	iShares U.S. Carbon Transition Readiness Aware Active ETF	Other	-$62M	-5.0%
10	TLT	iShares 20+ Year Treasury Bond ETF	Bond Long Treasury	-$2.22B	-4.8%

Asset allocation rotation · Past month

Equity ETFs drew the largest net inflows (+$56.1B), followed by Bond (+$14.3B), with every major asset class in net inflows.
Within the mix, money rotated into US Large Cap Core (+$15.0B) and out of US Nasdaq Growth (−$5.9B).
Relative to fund size, CORO drew the largest inflow (+51.7% of AUM) and SNXX the largest outflow (−31.1%).

Largest inflows

#	Ticker	Name	Type	Net flow	% of AUM
1	VOO	Vanguard S&P 500 ETF	Equity US Large Cap Core	+$27.88B	+2.6%
2	VTI	Vanguard Morningstar Total Stock Market ETF	Equity US Total Market	+$6.89B	+1.0%
3	SGOV	iShares 0-3 Month Treasury Bond ETF	Cash	+$6.3B	+5.8%
4	VGSH	Vanguard Short-Term Treasury ETF	Bond Short Treasury	+$4.4B	+12.7%
5	CORO	iShares International Country Rotation Active ETF	Equity International Broad	+$4.34B	+51.7%
6	SOXX	iShares Semiconductor ETF	Equity Industry Subsector	+$4.28B	+10.0%
7	IUSB	iShares Core Universal USD Bond ETF	Bond Core Plus Multisector	+$3.92B	+8.9%
8	SPYM	State Street SPDR Portfolio S&P 500 ETF	Equity US Large Cap Core	+$3.7B	+2.2%
9	SCHD	Schwab U.S. Dividend Equity ETF	Equity Dividend Income	+$3.38B	+3.0%
10	VXUS	Vanguard Total International Stock ETF	Equity International Broad	+$2.84B	+1.7%

#	Ticker	Name	Type	Net flow	% of AUM
1	CORO	iShares International Country Rotation Active ETF	Equity International Broad	+$4.34B	+51.7%
2	CNEQ	Alger Concentrated Equity ETF	Other	+$1.17B	+44.5%
3	ARKK	ARK Innovation ETF	Equity Thematic	+$2.56B	+39.3%
4	BKGI	BNY Mellon Global Infrastructure Income ETF	Other	+$582M	+36.7%
5	VTES	Vanguard Short-Term Tax-Exempt Bond ETF	Other	+$927M	+36.0%
6	ALAI	Alger AI Enablers & Adopters ETF	Other	+$418M	+33.5%
7	MGNR	American Beacon GLG Natural Resources ETF	Other	+$420M	+32.3%
8	BLCR	iShares Large Cap Core Active ETF	Other	+$2.1B	+31.2%
9	FINA	Fidelity MSCI North American Subset Index ETF	Other	+$461M	+27.2%
10	XAGG	Morgan Stanley ETF Trust - Eaton Vance Strategic Income Opportunities ETF	Other	+$375M	+23.7%

Largest outflows

#	Ticker	Name	Type	Net flow	% of AUM
1	SPY	State Street SPDR S&P 500 ETF	Equity US Large Cap Core	-$8.96B	-1.1%
2	IVV	iShares Core S&P 500 ETF	Equity US Large Cap Core	-$7.98B	-0.9%
3	QQQ	Invesco QQQ Trust, Series 1	Equity US Nasdaq Growth	-$6.78B	-1.4%
4	MTUM	iShares MSCI USA Momentum Factor ETF	Equity Factor Smart Beta	-$4.27B	-17.5%
5	LQD	iShares iBoxx $ Investment Grade Corporate Bond ETF	Bond Intermediate Corporate	-$4.18B	-14.2%
6	VGIT	Vanguard Intermediate-Term Treasury ETF	Bond Intermediate Treasury	-$2.66B	-6.7%
7	DRAM	Roundhill Memory ETF	Other	-$2.33B	-9.0%
8	GOVT	iShares U.S. Treasury Bond ETF	Bond Intermediate Treasury	-$2.24B	-5.4%
9	EWY	iShares MSCI South Korea ETF	Equity Emerging Markets	-$2.0B	-7.3%
10	GDX	VanEck Gold Miners ETF	Other	-$1.37B	-4.6%

#	Ticker	Name	Type	Net flow	% of AUM
1	SNXX	Tradr 2X Long SNDK Daily ETF	Other	-$564M	-31.1%
2	XOVR	ERShares Private-Public Crossover ETF	Equity Thematic	-$422M	-27.3%
3	TAN	Invesco Solar ETF	Other	-$264M	-26.2%
4	MTUM	iShares MSCI USA Momentum Factor ETF	Equity Factor Smart Beta	-$4.27B	-17.5%
5	SCMB	Schwab Municipal Bond ETF	Other	-$725M	-17.4%
6	LQD	iShares iBoxx $ Investment Grade Corporate Bond ETF	Bond Intermediate Corporate	-$4.18B	-14.2%
7	CTA	Simplify Managed Futures Strategy ETF	Other	-$211M	-13.5%
8	USO	United States Oil Fund, LP	Commodity Energy	-$246M	-12.7%
9	IGOV	iShares International Treasury Bond ETF	Bond International	-$192M	-12.5%
10	IYZ	iShares U.S. Telecommunications ETF	Other	-$129M	-10.5%

Asset allocation rotation · Past 3 months

Equity ETFs drew the largest net inflows (+$154.3B), followed by Bond (+$60.1B), with every major asset class in net inflows.
Within the mix, money rotated into US Large Cap Core (+$46.8B) and out of Intermediate Treasury (−$4.3B).
Relative to fund size, CNEQ drew the largest inflow (+235.2% of AUM) and FTXL the largest outflow (−81.1%).

Largest inflows

#	Ticker	Name	Type	Net flow	% of AUM
1	SPYM	State Street SPDR Portfolio S&P 500 ETF	Equity US Large Cap Core	+$19.03B	+11.5%
2	SGOV	iShares 0-3 Month Treasury Bond ETF	Cash	+$15.83B	+15.6%
3	VTI	Vanguard Morningstar Total Stock Market ETF	Equity US Total Market	+$15.01B	+2.2%
4	IVV	iShares Core S&P 500 ETF	Equity US Large Cap Core	+$13.23B	+1.5%
5	SCHD	Schwab U.S. Dividend Equity ETF	Equity Dividend Income	+$10.13B	+9.6%
6	DRAM	Roundhill Memory ETF	Other	+$9.75B	+39.0%
7	SOXX	iShares Semiconductor ETF	Equity Industry Subsector	+$9.67B	+22.1%
8	VXUS	Vanguard Total International Stock ETF	Equity International Broad	+$9.56B	+5.9%
9	BND	Vanguard Total Bond Market ETF	Bond US Aggregate Core	+$8.31B	+5.1%
10	VOO	Vanguard S&P 500 ETF	Equity US Large Cap Core	+$8.22B	+0.8%

#	Ticker	Name	Type	Net flow	% of AUM
1	CNEQ	Alger Concentrated Equity ETF	Other	+$2.38B	+235.2%
2	ACYN	FT Vest Laddered Autocallable Barrier & Income ETF	Other	+$1.3B	+90.4%
3	FINA	Fidelity MSCI North American Subset Index ETF	Other	+$1.25B	+85.8% ⚠
4	BFLX	iShares Flexible Equity Active ETF	Other	+$1.42B	+85.0%
5	BKGI	BNY Mellon Global Infrastructure Income ETF	Other	+$823M	+61.9%
6	VTES	Vanguard Short-Term Tax-Exempt Bond ETF	Other	+$1.14B	+50.7%
7	FLKR	Franklin FTSE South Korea ETF	Other	+$703M	+49.6%
8	XAGG	Morgan Stanley ETF Trust - Eaton Vance Strategic Income Opportunities ETF	Other	+$656M	+48.6%
9	AVLV	Avantis U.S. Large Cap Value ETF	Other	+$8.15B	+44.6%
10	CBOX	Calamos ETF Trust - Calamos Tax-Aware Collateral ETF	Other	+$581M	+44.4%

Largest outflows

#	Ticker	Name	Type	Net flow	% of AUM
1	VLUE this	iShares MSCI USA Value Factor ETF	Equity Factor Smart Beta	-$5.19B	-53.6%
2	MTUM	iShares MSCI USA Momentum Factor ETF	Equity Factor Smart Beta	-$5.06B	-19.9%
3	IEF	iShares 7-10 Year Treasury Bond ETF	Bond Intermediate Treasury	-$3.89B	-8.3%
4	VO	Vanguard Morningstar Mid-Cap ETF	Equity US Mid Cap Core	-$3.74B	-3.5%
5	COWZ	Pacer US Cash Cows 100 ETF	Equity Factor Smart Beta	-$3.12B	-16.4%
6	VB	Vanguard Morningstar Small-Cap ETF	Equity US Small Cap Core	-$2.73B	-3.4%
7	VXF	Vanguard Extended Market ETF	Other	-$2.39B	-7.7%
8	IGV	iShares Expanded Tech-Software Sector ETF	Equity Industry Subsector	-$2.25B	-16.2%
9	LQD	iShares iBoxx $ Investment Grade Corporate Bond ETF	Bond Intermediate Corporate	-$2.15B	-6.5%
10	IWF	iShares Russell 1000 Growth ETF	Equity US Large Growth	-$1.96B	-1.6%

#	Ticker	Name	Type	Net flow	% of AUM
1	FTXL	First Trust Nasdaq Semiconductor ETF	Other	-$1.1B	-81.1%
2	NASA	Tema Space Innovators ETF	Equity Thematic	-$753M	-67.1%
3	VLUE this	iShares MSCI USA Value Factor ETF	Equity Factor Smart Beta	-$5.19B	-53.6%
4	XOVR	ERShares Private-Public Crossover ETF	Equity Thematic	-$785M	-42.1%
5	IYM	iShares U.S. Basic Materials ETF	Equity Broad Sector	-$446M	-38.9%
6	TAN	Invesco Solar ETF	Other	-$472M	-34.9%
7	QLTA	iShares Aaa - A Rated Corporate Bond ETF	Other	-$370M	-30.4%
8	LCTU	iShares U.S. Carbon Transition Readiness Aware Active ETF	Other	-$334M	-26.8%
9	COWG	Pacer US Large Cap Cash Cows Growth Leaders ETF	Other	-$557M	-24.3%
10	RSPN	Invesco S&P 500 Equal Weight Industrials ETF	Other	-$244M	-22.6%

Largest ETF fund flows across ~2644 funds (min AUM $100M). Net creations/redemptions; leveraged & inverse ETFs excluded. A ⚠ marks a day excluded as a suspected data error.

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About VLUE

Holdings Count: 146
Expense Ratio: 0.15%
Inception Date: 2013-04-15

iShares MSCI USA Value Factor ETF
This ETF is designed to replicate the investment performance of a specific index. That index focuses on U.S. large- and mid-capitalization companies, selecting those that exhibit strong 'value' characteristics and trade at comparatively lower valuations.
Asset Class: Equity | ETF Website

Recent Active Movers

Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
VKTX	Viking Therapeutics	4.7	35.7%	16.1%
MAZE	Maze Therapeutics	1.7	26.8%	-31.5%
BFLY	Butterfly Network	2.6	22.0%	161.3%
VICR	Vicor	12.3	19.8%	144.8%
BALY	Ballys	0.7	16.6%	-25.5%
SGRY	Surgery Partners	2.0	15.7%	2.3%
INOD	Innodata	2.3	14.6%	37.3%
TNGX	Tango Therapeutics	3.8	14.3%	188.1%
OMER	Omeros	1.5	13.8%	22.6%
THM	International Tower Hill Mines	0.8	12.2%	58.6%

Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
XNDU	Xanadu Quantum Technologies	1.7	-21.6%	-49.7%
EVER	EverQuote	0.7	-14.4%	-27.6%
CLDX	Celldex Therapeutics	2.6	-11.6%	23.4%
GSHD	Goosehead Insurance	1.1	-11.5%	-37.9%
QNST	QuinStreet	0.9	-11.5%	6.3%
AESI	Atlas Energy Solutions	1.5	-9.6%	27.4%
PLNT	Planet Fitness	3.3	-9.5%	-60.7%
NKTR	Nektar Therapeutics	2.0	-8.8%	44.2%
CAR	Avis Budget	3.8	-8.1%	-16.0%
NXTT	Next Technology	0.9	-7.5%	3.6%

Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
SECZ	Securitize	1.9	63.1%	5.7%
VICR	Vicor	12.3	45.9%	144.8%
ALAB	Astera Labs	62.7	43.9%	118.5%
GRAL	GRAIL	4.7	43.0%	26.8%
FWDI	Forward Industries	0.7	41.4%	30.1%
GEMI	Gemini Space Station	0.7	36.6%	-40.0%
VKTX	Viking Therapeutics	4.7	36.4%	16.1%
ABSI	Absci	1.7	34.9%	206.9%
AXTI	AXT	4.8	34.8%	375.8%
SDGR	Schrodinger	2.3	32.0%	71.7%

Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
XENE	Xenon Pharmaceuticals	3.9	-30.5%	-12.8%
XNDU	Xanadu Quantum Technologies	1.7	-25.9%	-49.7%
ALHC	Alignment Healthcare	1.7	-23.0%	-59.5%
GSHD	Goosehead Insurance	1.1	-22.9%	-37.9%
FLNC	Fluence Energy	1.0	-21.8%	-63.2%
EVER	EverQuote	0.7	-20.1%	-27.6%
RSI	Rush Street Interactive	2.4	-18.6%	9.2%
MTDR	Matador Resources	6.4	-17.9%	24.9%
SM	SM Energy	8.1	-17.8%	85.3%
CTEV	Claritev	0.5	-17.1%	-31.1%

Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
SECZ	Securitize	1.9	112.1%	5.7%
FWDI	Forward Industries	0.7	67.3%	30.1%
SDGR	Schrodinger	2.3	55.8%	71.7%
CAPR	Capricor Therapeutics	0.5	48.5%	-67.6%
OKTA	Okta	34.6	45.5%	127.4%
ACVA	ACV Auctions	1.8	40.6%	30.3%
SMTC	Semtech	16.2	40.5%	136.6%
MSTR	Strategy	59.0	40.3%	10.1%
GEMI	Gemini Space Station	0.7	39.0%	-40.0%
FEIM	Frequency Electronics	0.8	37.9%	58.0%

Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
ALMS	Alumis	1.0	-66.4%	-16.9%
XNDU	Xanadu Quantum Technologies	1.7	-47.2%	-49.7%
SWMR	Swarmer	0.4	-46.7%	-26.9%
RARE	Ultragenyx Pharmaceutical	1.6	-39.5%	-32.1%
ALHC	Alignment Healthcare	1.7	-39.3%	-59.5%
KRMN	Karman	4.4	-37.3%	-54.2%
GSHD	Goosehead Insurance	1.1	-36.9%	-37.9%
FLNC	Fluence Energy	1.0	-35.9%	-63.2%
XENE	Xenon Pharmaceuticals	3.9	-35.7%	-12.8%
TTAN	ServiceTitan	5.8	-35.1%	-42.2%

Peer Comparisons

Peers to compare with:

Profile

	VLUE	RSP	QUAL	DFAC	DYNF	USMV	Median
Name	iShares MS.	Invesco S&.	iShares MS.	Dimensiona.	iShares U..	iShares MS.
Asset Class	Equity	Equity	Equity	Equity	Equity	Equity	-
AUM ($ Bil)	9.5	97.5	47.0	48.8	41.9	23.5	44.5
Expense Ratio	0.15%	0.20%	0.15%	0.17%	0.26%	0.15%	0.16%
10-D Avg Volume (Mil)	1.11	8.52	1.48	2.01	2.36	2.06	2.03
Latest Day Volume (Mil)	-	3.30	-	0.68	1.05	-	1.05
Holdings Count	146	505	118	2,598	261	173	217
Inception Date	4/15/2013	4/24/2003	7/15/2013	10/4/2007	3/18/2019	10/17/2011	-

Fundamentals

	VLUE	RSP	QUAL	DFAC	DYNF	USMV	Median
Name	iShares MS.	Invesco S&.	iShares MS.	Dimensiona.	iShares U..	iShares MS.
Net Asset Value	199.90	212.31	219.33	44.85	69.32	98.48	-
Premium/Discount	1.4%	0.2%	1.7%	0.8%	1.2%	0.4%	1.0%
Distribution Yield	0.0%	1.5%	0.0%	0.9%	0.8%	0.0%	0.4%
Sales Yield	77.5%	79.5%	20.3%	45.9%	74.7%	162.8%	76.1%
Earnings Yield	5.6%	7.6%	3.7%	4.6%	9.7%	17.3%	6.6%

Valuation

	VLUE	RSP	QUAL	DFAC	DYNF	USMV	Median
Name	iShares MS.	Invesco S&.	iShares MS.	Dimensiona.	iShares U..	iShares MS.
P/S (TTM)	1.3x	1.3x	4.9x	2.2x	1.3x	0.6x	1.3x
P/E (TTM)	18.0x	13.2x	27.1x	21.8x	10.3x	5.8x	15.6x
P/FCF (TTM)	16.4x	7.7x	33.4x	23.9x	5.7x	2.5x	12.1x
Forward P/E	9.6x	6.5x	21.8x	15.3x	4.5x	2.2x	8.1x
Forward P/S	1.2x	1.1x	4.3x	2.0x	1.1x	0.5x	1.1x

Risk

	VLUE	RSP	QUAL	DFAC	DYNF	USMV	Median
Name	iShares MS.	Invesco S&.	iShares MS.	Dimensiona.	iShares U..	iShares MS.
Volatility (1Y)	20.7%	11.6%	12.3%	12.5%	13.8%	8.7%	12.4%
Volatility (3Y)	17.8%	13.9%	14.5%	15.1%	15.8%	10.4%	14.8%
Volatility (5Y)	18.4%	16.2%	17.4%	17.1%	17.6%	12.4%	17.2%
Beta (1Y)	1.19	0.69	0.90	0.93	1.04	0.35	0.92
Beta (3Y)	0.93	0.79	0.94	0.97	1.03	0.49	0.93
Beta (5Y)	0.92	0.87	1.00	0.98	1.02	0.60	0.95
Sharpe Ratio (1Y)	2.58	1.21	1.31	1.40	1.36	0.78	1.33
Sharpe Ratio (3Y)	1.66	1.06	1.28	1.27	1.52	1.10	1.28
Sharpe Ratio (5Y)	0.97	0.59	0.70	0.75	0.91	0.61	0.73
Max Drawdown (1Y)	-9.0%	-7.9%	-9.0%	-8.5%	-8.7%	-6.5%	-8.6%
Max Drawdown (3Y)	-17.9%	-17.8%	-18.0%	-20.0%	-18.7%	-9.4%	-17.9%
Max Drawdown (5Y)	-27.1%	-21.4%	-28.2%	-23.1%	-27.0%	-17.9%	-25.0%

Returns

	VLUE	RSP	QUAL	DFAC	DYNF	USMV	Median
Name	iShares MS.	Invesco S&.	iShares MS.	Dimensiona.	iShares U..	iShares MS.
1M Return	0.1%	-4.0%	-0.1%	-0.9%	1.5%	-2.3%	-0.5%
3M Return	2.8%	1.9%	4.7%	3.6%	5.3%	4.6%	4.1%
6M Return	41.5%	11.4%	15.2%	16.4%	19.5%	7.0%	15.8%
YTD Return	49.4%	12.0%	12.8%	14.8%	15.9%	5.8%	13.8%
1Y Return	67.0%	14.3%	16.6%	18.2%	19.6%	6.6%	17.4%
2Y Return	97.3%	24.6%	28.5%	37.0%	46.9%	11.8%	32.7%
3Y Return	131.8%	51.5%	69.2%	72.3%	98.5%	38.9%	70.8%

Short Interest

Short Interest: As Of Date	8312026
Short Interest: Shares Quantity	0.6 Mil
Short Interest: % Change Since 8152026	18.4%
Average Daily Volume	0.4 Mil
Days-to-Cover Short Interest	1.3 days

External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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iShares MSCI USA Value Factor ETF (VLUE)

Market Price (9/23/2026): $201.81

iShares MSCI USA Value Factor ETF (VLUE)

Market Price (9/23/2026): $201.81

Key Takeaways

Price Chart

Asset Allocation with VLUE

Valuation & Yield

Top 20 Holdings for VLUE

Performance for VLUE Top Holdings

Guidance Updates for VLUE Top Holdings

Return vs. Risk

Price Returns Compared

Sharpe Ratios Compared

How Low Can It Go

In The Past

Preserve Wealth

Asset Allocation

In The Past

Preserve Wealth

Asset Allocation

VLUE Dip Buy History

Current Dip Buy Opportunities Across ETFs

ETF Fund Flows

Asset allocation rotation · Past week

Asset allocation rotation · Past month

Asset allocation rotation · Past 3 months

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Trade & Investment Ideas

Wealth

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About VLUE

Latest Trefis Analyses

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Top Gainers

Top Losers

Top Gainers

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Top Gainers

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