The U.S. mid-cap value ETFs that lost the most
COWZ lost the most over twelve months to May 2026: $6.2bn.
Coverage
Rank change
Against the last edition of this list: the previous trading day for 1W and 1M, the previous month for 12M. "new" means not in the top 25 last time
How these lists are built
Measure
Net flow: money in less money out, in dollars, over the window, leaving any round trip aside
12 months · Jun 2025 to May 2026
From SEC filings · 36 funds · the last month every filer has reportedFilings run about 60 days behind, so this list ends at the latest month every fund in the group has filed, printed in the heading and the title. Rank change is against last month’s edition.
| # | Fund | Name | Net flow | Share of assets | Rank change |
|---|---|---|---|---|---|
| 1 | COWZ | Pacer US Cash Cows 100 ETF | −$6.2bn | · | same |
| 2 | FVD | First Trust Value Line Dividend Index Fund | −$1.6bn | · | same |
| 3 | FXO | First Trust Financials AlphaDEX Fund | −$1.3bn | · | ▲ 1 |
| 4 | NOBL | ProShares S&P 500 Dividend Aristocrats ETF | −$1.2bn | · | ▼ 1 |
| 5 | IWS | iShares Russell Mid-Cap Value ETF | −$937m | · | same |
| 6 | SDY | State Street SPDR S&P Dividend ETF | −$920m | · | same |
| 7 | IJJ | iShares S&P Mid-Cap 400 Value ETF | −$418m | · | same |
| 8 | DVY | iShares Select Dividend ETF | −$272m | · | ▲ 7 |
| 9 | REGL | ProShares S&P MidCap 400 Dividend Aristocrats ETF | −$235m | · | same |
| 10 | SYLD | Cambria Shareholder Yield ETF | −$226m | · | ▼ 2 |
| 11 | MDYV | State Street SPDR S & P 400 Mid Cap Value ETF | −$169m | · | ▼ 1 |
| 12 | PEY | Invesco High Yield Equity Dividend Achievers ETF | −$159m | · | ▼ 1 |
| 13 | XMLV | Invesco S&P MidCap Low Volatility ETF | −$141m | · | same |
| 14 | SMOT | VanEck Morningstar SMID Moat ETF | −$89.3m | · | ▲ 2 |
| 15 | FXD | First Trust Consumer Discretionary AlphaDEX Fund | −$82.0m | · | ▼ 3 |
| 16 | PRN | Invesco Dorsey Wright Industrials Momentum ETF | −$68.9m | · | ▼ 2 |
| 17 | FEX | First Trust Large Cap Core AlphaDEX Fund | −$65.3m | · | ▲ 1 |
| 18 | CFA | VictoryShares US 500 Volatility Wtd ETF | −$54.6m | · | ▲ 1 |
| 19 | TNGY | TORTOISE ENERGY ETF | −$51.2m | · | new |
| 20 | FTA | First Trust Large Cap Value AlphaDEX Fund | −$44.2m | · | ▼ 3 |
| 21 | SDOG | ALPS Sector Dividend Dogs ETF | −$32.1m | · | ▼ 1 |
| 22 | PFI | Invesco Dorsey Wright Financial Momentum ETF | −$30.5m | · | same |
| 23 | AIVL | WisdomTree U.S. AI Enhanced Value Fund | −$29.2m | · | ▼ 2 |
| 24 | PAMC | Pacer Lunt MidCap Multi-Factor Alternator ETF | −$24.0m | · | same |
| 25 | CZA | Invesco Zacks Mid-Cap ETF | −$23.6m | · | ▼ 2 |
SEC Form N-PORT, item B.6, monthly, every fund with a filing for every month of the window.CSV
Other flow rankings
ETFIQ, The U.S. mid-cap value ETFs that lost the most, data as of Oct 8, 2026. https://etfiq.com/flows/rankings/segment/us-mid-value/outflows/
ETFIQ is an independent publisher and makes no recommendations; a rank is a sort of one published figure, not an opinion.