{"url":"https://etfiq.com/flows/rankings/segment/us-small-value/outflows/","section":"flows","title":"U.S. small-cap value ETF outflows to May 2026 | ETFIQ","description":"CALF lost the most over twelve months to May 2026: $1.8bn. 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The U.S. small-cap value ETFs that lost the most, ranked over 12 months to May 2026.","url":"https://etfiq.com/flows/rankings/segment/us-small-value/outflows/","dateModified":"2026-10-09","variableMeasured":["Net fund flow"],"isAccessibleForFree":true,"creditText":"ETFIQ (etfiq.com)","distribution":[{"@type":"DataDownload","encodingFormat":"text/csv","contentUrl":"https://etfiq.com/data/flows/rankings/segment/us-small-value/outflows-12m-2026-05.csv"}],"license":"https://etfiq.com/license/","creator":{"@id":"https://etfiq.com/#org"},"publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published"},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Fund flows","item":"https://etfiq.com/flows/"},{"@type":"ListItem","position":3,"name":"Rankings","item":"https://etfiq.com/flows/rankings/"},{"@type":"ListItem","position":4,"name":"U.S. small-cap value \u00b7 outflows","item":"https://etfiq.com/flows/rankings/segment/us-small-value/outflows/"}]},{"@type":"WebPage","name":"U.S. small-cap value ETF outflows to May 2026","description":"CALF lost the most over twelve months to May 2026: $1.8bn. The U.S. small-cap value ETFs that lost the most, ranked over 12 months to May 2026.","url":"https://etfiq.com/flows/rankings/segment/us-small-value/outflows/","dateModified":"2026-10-09","isPartOf":{"@type":"WebSite","name":"ETFIQ","url":"https://etfiq.com"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".lede"]},"publisher":{"@id":"https://etfiq.com/#org"}}],"characters":3817,"truncated":false,"content":"ETFIQ / Fund flows / Rankings / U.S. small-cap value \u00b7 outflows \n \n Flows as of Oct 8, 2026 , the trading day.\n Flows ranking \u00b7 U.S. small-cap value ETFs \u00b7 money out\n The U.S. small-cap value ETFs that lost the most\n CALF lost the most over twelve months to May 2026: $1.8bn .\n Measure Net flow: money in less money out, in dollars, over the window, leaving any round trip aside \n Coverage Twelve-month list: 39 funds with SEC filings for every month to May 2026, 67.7% of the group\u2019s net assets. 3 funds\u2019 filings report flows for the whole fund, all share classes, so they are not ranked here: VBR , VIOV , VTWV \n 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 \n\n The inflows list \n 12 months to May 2026, SEC filings 12 months \u00b7 Jun 2025 to May 2026\n From SEC filings \u00b7 17 funds \u00b7 the last month every filer has reported\n Filings 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\u2019s edition.\n The 17 U.S. small-cap value ETFs that lost money most over Jun 2025 to May 2026, of 17 that lost money. Computed by ETFIQ. # Fund Name Net flow Share of assets Rank change \n 1 CALF Pacer US Small Cap Cash Cows ETF \u2212$1.8bn \u00b7 same \n 2 IWN iShares Russell 2000 Value ETF \u2212$914m \u00b7 same \n 3 DFSV US Small Cap Value Portfolio ETF Class Shares \u2212$750m \u00b7 same \n 4 DON WisdomTree U.S. MidCap Dividend Fund \u2212$172m \u00b7 \u25b2 2 \n 5 DES WisdomTree U.S. SmallCap Dividend Fund \u2212$144m \u00b7 \u25b2 2 \n 6 XSVM Invesco S&P SmallCap Value with Momentum ETF \u2212$137m \u00b7 \u25b2 3 \n 7 SLYV State Street SPDR S & P 600 Small Cap Value ETF \u2212$109m \u00b7 \u25bc 3 \n 8 RWJ Invesco S&P SmallCap 600 Revenue ETF \u2212$96.3m \u00b7 same \n 9 OUSM ALPS O'Shares U.S. Small-Cap Quality Dividend ETF \u2212$94.4m \u00b7 \u25b2 3 \n 10 XSLV Invesco S&P SmallCap Low Volatility ETF \u2212$72.5m \u00b7 same \n 11 SMDV ProShares Russell 2000 Dividend Growers ETF \u2212$70.4m \u00b7 same \n 12 CSB VictoryShares US Small Cap High Div Volatility Wtd ETF \u2212$56.0m \u00b7 \u25b2 1 \n 13 FNK First Trust Mid Cap Value AlphaDEX Fund \u2212$16.5m \u00b7 \u25b2 2 \n 14 EZM WisdomTree U.S. MidCap Fund \u2212$15.1m \u00b7 same \n 15 RZV Invesco S&P SmallCap 600 Pure Value ETF \u2212$7.5m \u00b7 \u25b2 1 \n 16 JPSV JPMorgan Active Small Cap Value ETF \u2212$1.8m \u00b7 \u25b2 2 \n 17 XSHD Invesco S&P SmallCap High Dividend Low Volatility ETF \u2212$1.8m \u00b7 new \n SEC Form N-PORT, item B.6, monthly, every fund with a filing for every month of the window.\n \n Other flow rankings\n U.S. small-cap value \u00b7 inflows All ETFs \u00b7 outflows Stocks \u00b7 outflows Every flows ranking The 12 months list in the flows tool Where these figures came from\n SEC Form N-PORT data sets: monthly sales and redemptions, item B.6 SEC Form N-CEN data sets: each fund\u2019s creation unit, item E.3.a ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.\n ETFIQ is an independent publisher and makes no recommendations; a rank is a sort of one published figure, not an opinion.\n\n Cite this page. ETFIQ, The U.S. small-cap value ETFs that lost the most, data as of Oct 8, 2026. https://etfiq.com/flows/rankings/segment/us-small-value/outflows/ Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data .\n Other forms Plain ETFIQ, The U.S. small-cap value ETFs that lost the most, data as of Oct 8, 2026. https://etfiq.com/flows/rankings/segment/us-small-value/outflows/ APA ETFIQ. (Oct 8, 2026). The U.S. small-cap value ETFs that lost the most. Retrieved from https://etfiq.com/flows/rankings/segment/us-small-value/outflows/ Markdown [The U.S. small-cap value ETFs that lost the most (ETFIQ, Oct 8, 2026)](https://etfiq.com/flows/rankings/segment/us-small-value/outflows/)","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","license_text":"Figures ETFIQ computes are free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.","citation":"ETFIQ, The U.S. small-cap value ETFs that lost the most, data as of Oct 8, 2026. https://etfiq.com/flows/rankings/segment/us-small-value/outflows/"}