ETF Flow Monitor
Thursday, 23 July 2026 · US$ creation / redemption flows over 20 sessions ·
5 markets, no cross-market aggregate ·
methodologyClick any column header to sort.
† = value unchanged >3 sessions (stale feed or low-turnover fund).
% 52w Hi = price vs its highest close in the trailing 52 weeks.
Percentile ranks each ETF's 20-day flow against its own history since 31 Dec 2020 (or the fund's inception, if later).
Green = creation / near 52w high / RSI oversold; red = redemption / deep drawdown / RSI overbought.
US 5 ETFs
| ETF | AUM $bn | Price $ |
1d Chg | % 52w Hi | RSI 14d |
Flow 20d $m | Pctile | Sh out m |
| SPDR S&P 500SPY | 771.5 | 738.18 | -1.23% | -2.8% | 44.5 | -5,461 | 25 | 1,045.2 |
| Nasdaq 100QQQ | 480.8 | 691.96 | -1.90% | -7.3% | 41.2 | +14,326 | 100 | 694.8 |
| Vanguard GrowthVUG | 216.7 | 83.78 | -2.22% | -7.2% | 40.8 | -712 | 6 | 2,586.8† |
| Vanguard ValueVTV | 187.7 | 219.86 | +0.24% | -0.3% | 58.9 | -605 | 9 | 853.6† |
| Vanguard Small-CapVB | 79.3 | 294.75 | -0.49% | -2.8% | 47.0 | -1,109 | 4 | 269.2† |
International 16 ETFs
| ETF | AUM $bn | Price $ |
1d Chg | % 52w Hi | RSI 14d |
Flow 20d $m | Pctile | Sh out m |
| MSCI EMEEM | 30.1 | 64.60 | -0.60% | -9.3% | 44.3 | +1,530 | 94 | 466.5 |
| FTSE EuropeVGK | 29.8 | 87.83 | -1.41% | -2.9% | 47.1 | +4 | 39 | 338.8† |
| MSCI KoreaEWY | 25.0 | 173.86 | +2.01% | -20.7% | 45.2 | +3,966 | 100 | 143.6 |
| MSCI JapanEWJ | 22.0 | 91.10 | -1.18% | -6.1% | 44.5 | -80 | 41 | 242.0 |
| MSCI TaiwanEWT | 10.9 | 99.84 | -1.81% | -10.5% | 46.3 | +582 | 99 | 109.7 |
| MSCI BrazilEWZ | 9.0 | 36.17 | -1.23% | -13.3% | 57.5 | -668 | 1 | 247.6 |
| MSCI IndiaINDA | 6.8 | 47.63 | -1.22% | -13.9% | 37.8 | +138 | 79 | 142.5 |
| MSCI ChinaMCHI | 5.9 | 53.35 | -0.41% | -20.4% | 50.0 | -276 | 14 | 109.9 |
| Latin America 40ILF | 3.7 | 34.84 | -1.61% | -8.6% | 55.4 | -230 | 4 | 105.6 |
| MSCI MexicoEWW | 1.8 | 75.00 | -2.23% | -7.7% | 46.2 | -66 | 30 | 23.9 |
| MSCI AustraliaEWA | 1.4 | 28.49 | -1.28% | -5.8% | 49.5 | -34 | 38 | 50.4 |
| MSCI SingaporeEWS | 0.9 | 31.44 | -1.78% | -2.0% | 59.2 | -72 | 2 | 28.8 |
| MSCI IndonesiaEIDO | 0.4 | 12.40 | -2.13% | -35.5% | 52.7 | +2 | 56 | 31.7 |
| MSCI ThailandTHD | 0.4 | 72.41 | -0.67% | -3.5% | 50.8 | -5 | 39 | 4.9 |
| MSCI MalaysiaEWM | 0.3 | 27.81 | -0.25% | -8.6% | 51.7 | -10 | 19 | 11.6 |
| MSCI PhilippinesEPHE | 0.1 | 25.10 | -0.95% | -11.5% | 50.4 | -5 | 18 | 5.1 |
US & Global Sectors 17 ETFs
| ETF | AUM $bn | Price $ |
1d Chg | % 52w Hi | RSI 14d |
Flow 20d $m | Pctile | Sh out m |
| Technology SelectXLK | 116.5 | 178.45 | -1.01% | -10.0% | 45.7 | +304 | 65 | 653.1 |
| VanEck SemiconductorSMH | 76.3 | 580.17 | -1.15% | -13.3% | 46.5 | +9,408 | 100 | 131.5 |
| Financials SelectXLF | 55.7 | 55.83 | -0.39% | -1.6% | 59.7 | +3,264 | 97 | 997.1 |
| Health Care SelectXLV | 42.2 | 161.44 | +1.26% | -1.8% | 58.8 | +1,481 | 94 | 261.6 |
| Energy SelectXLE | 39.6 | 59.38 | +0.30% | -5.1% | 68.4 | -35 | 58 | 666.8 |
| Industrials SelectXLI | 33.7 | 181.94 | +1.73% | -2.0% | 56.1 | +995 | 94 | 185.4† |
| Utilities SelectXLU | 23.8 | 46.19 | +0.57% | -3.2% | 59.9 | +276 | 66 | 514.6 |
| Comm Svcs SelectXLC | 21.6 | 105.38 | -3.50% | -12.2% | 33.3 | -484 | 12 | 204.7 |
| Cons Disc SelectXLY | 21.3 | 108.76 | -4.61% | -12.7% | 30.0 | +703 | 91 | 196.1 |
| Cons Staples SelectXLP | 14.0 | 83.21 | -1.39% | -7.6% | 45.4 | +364 | 74 | 167.7 |
| BiotechnologyIBB | 9.2 | 188.98 | +1.06% | -4.7% | 56.1 | +302 | 94 | 48.6 |
| Real Estate SelectXLRE | 8.5 | 44.95 | -0.13% | -1.1% | 53.4 | +391 | 93 | 189.9 |
| Materials SelectXLB | 8.4 | 50.29 | -1.04% | -6.2% | 45.5 | +298 | 76 | 166.1 |
| Global HealthcareIXJ | 3.9 | 99.29 | +1.07% | -2.4% | 56.6 | +117 | 88 | 39.1 |
| Global EnergyIXC | 2.7 | 55.43 | +0.71% | -4.9% | 69.4 | +417 | 98 | 48.8† |
| Global IndustrialsEXI | 1.4 | 196.45 | +0.42% | -3.3% | 50.3 | +36 | 82 | 7.3 |
| Global FinancialsIXG | 0.6 | 129.62 | -0.83% | -1.6% | 58.1 | -35 | 19 | 4.5 |
Thematics 12 ETFs
| ETF | AUM $bn | Price $ |
1d Chg | % 52w Hi | RSI 14d |
Flow 20d $m | Pctile | Sh out m |
| SPDR GoldGLD | 127.4 | 371.52 | -2.00% | -25.1% | 44.5 | -5,113 | 1 | 343.0 |
| Roundhill MemoryDRAM | 26.1 | 58.30 | +0.92% | -27.8% | 46.4 | +7,632 | 59 | 448.5 |
| Gold MinersGDX | 22.3 | 75.02 | -2.16% | -35.2% | 46.9 | -482 | 15 | 296.7 |
| Global X Defense TechSHLD | 7.1 | 62.75 | +3.33% | -19.6% | 56.0 | -378 | 0 | 112.9 |
| Copper MinersCOPX | 7.0 | 78.37 | -2.03% | -18.1% | 50.1 | -312 | 3 | 89.4 |
| UraniumURA | 6.0 | 41.13 | +0.39% | -33.5% | 42.6 | +334 | 95 | 146.4 |
| China InternetKWEB | 4.9 | 26.27 | -0.64% | -38.8% | 49.6 | -566 | 8 | 185.6 |
| Robotics & AIBOTZ | 3.5 | 34.31 | -1.66% | -17.6% | 35.2 | +281 | 98 | 100.8 |
| Global Clean EnergyICLN | 2.9 | 18.37 | -0.92% | -22.7% | 36.9 | +217 | 92 | 156.9 |
| ROBO Global RoboticsROBO | 2.0 | 78.32 | -1.36% | -13.3% | 39.7 | +160 | 99 | 25.8 |
| Lithium & BatteryLIT | 1.8 | 69.02 | +0.03% | -24.7% | 34.2 | +208 | 93 | 25.7 |
| Tema Space InnovatorsNASA | — | 23.23 | -0.17% | -44.5% | 32.9 | -444 | 21 | — |
Fixed Income 4 ETFs
| ETF | AUM $bn | Price $ |
1d Chg | % 52w Hi | RSI 14d |
Flow 20d $m | Pctile | Sh out m |
| Total BondBND | 397.0 | 72.25 | -0.21% | -3.9% | 33.4 | +4,728 | 100 | 5,495.3 |
| Total Intl BondBNDX | 123.1 | 47.71 | -0.19% | -4.4% | 35.3 | +873 | 63 | 2,579.2 |
| 0-3M TreasurySGOV | 95.9 | 100.61 | +0.01% | -0.1% | 60.2 | +136 | 28 | 953.2 |
| 10-20Y TreasuryTLH | 11.2 | 97.10 | -0.39% | -7.8% | 31.1 | +338 | 83 | 115.4 |
Commentary
Here is the briefing:
---
## Cross-Asset ETF Flow Briefing — Thursday, 23 July 2026
---
### 1. Tape
Growth-heavy US equity saw outright price weakness (QQQ –1.9%, VUG –2.2%, XLC –3.5%, XLY –4.6%), yet the dominant flow signal is a barbell: big money is rotating into defensives (XLF, XLI, XLV) while simultaneously doubling down on semiconductor and Korea risk. Fixed income is unambiguously bid — BND sits at a 20-day flow percentile of p100, consistent with an equity risk-off undercurrent even as rate-sensitive bond prices dip slightly.
---
### 2. Strongest Creations
- EWY MSCI Korea (+$3,966m, p100): The standout creation across all five markets.
South Korea's equity market has deep ties to the global semiconductor industry, with chip giants like Samsung and SK Hynix making up nearly 50% of the country's indices.
Investors are treating the dip as an AI-hardware buying opportunity.
- SMH VanEck Semiconductors (+$9,408m, p100): Max-percentile flows despite a –1.15% session. The market is aggressively accumulating semis on weakness — buy-the-dip conviction at its highest historical rate.
- QQQ Nasdaq 100 (+$14,326m, p100): Also at p100 despite a –1.9% day. The single largest absolute creation in the dataset; institutions are adding tech exposure into the selloff with unusual force.
---
### 3. Heaviest Redemptions
- EWZ MSCI Brazil (–$668m, p1): Worst redemption percentile in International. LatAm outflows are broad (ILF p4), but Brazil specifically is being abandoned at a near-record pace — real and commodity concerns dominate.
- GLD SPDR Gold (–$5,113m, p1): Near-record outflows from gold despite a –2% day; the usual safe-haven bid is absent. Physical gold longs are being liquidated, not rotated into.
- SHLD Global X Defense Tech (–$378m, p0): Absolute floor-level redemption percentile. Money is exiting defense even as the sector itself trades up +3.3% — a classic "sell the rip" after a strong run.
---
### 4. Overbought / Oversold
- Overbought: IXC Global Energy (RSI 69) and XLE Energy (RSI 68) are knocking on overbought territory — watch for a reversal if crude rolls over.
- Oversold: XLC Comm Services (RSI 33), XLY Consumer Discretionary (RSI 30 — right on the line), BOTZ Robotics & AI (RSI 35), NASA Space Innovators (RSI 33), LIT Lithium (RSI 34), ICLN Clean Energy (RSI 37), TLH 10–20Y Treasury (RSI 31), BND Total Bond (RSI 33), BNDX Int'l Bond (RSI 35). The bond RSIs are depressed by price weakness, not momentum deterioration — consistent with rate-driven mark-to-market, not fundamental selling. SGOV RSI (60) is noise.
---
### 5. Theme of the Day
AI Hardware vs. AI Software Divergence. The market is aggressively buying the physical AI stack — semis (SMH p100), Korea (EWY p100), Taiwan (EWT p99), robotics (BOTZ p98, ROBO p99), and uranium (URA p95) — while dumping AI-adjacent software/consumer plays. XLC (Comm Services, home to Alphabet/Meta) is RSI 33 with p12 flows; XLY (Consumer Discretionary) is RSI 30 with a –4.6% day. The bet is on compute infrastructure, not the application layer.
---
### 6. New ETF Launches
Defiance ETFs launched the Defiance AI Hyperscale Leaders ETF (Nasdaq: AIHY) on July 21, described as the world's first ETF designed to provide exposure to leading AI hyperscalers.
VistaShares also launched a trio of thematic ETFs targeting space (GALX), defense (AMMO), and robotics (RTOO)
— directly overlapping the defense/robotics themes in today's data.
These launched the week of July 9–16 on NYSE Arca.
---
### 7. Watchlist
Watch XLC (Comm Services) tomorrow. RSI is 33, flows are p12, and the sector is home to mega-cap ad-revenue names (Alphabet, Meta) that report earnings imminently. A beat + guidance raise could snap RSI back hard and flip flows; a miss deepens the software-vs-hardware rotation already underway.