# U.S. small-cap value ETF outflows to May 2026

> 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.

Data as of Oct 8, 2026. Rebuilt every trading night.

Flows as of Oct 8, 2026 , the trading day.

Flows ranking · U.S. small-cap value ETFs · money out

## The U.S. small-cap value ETFs that lost the most

CALF lost the most over twelve months to May 2026: $1.8bn .

Measure Net flow: money in less money out, in dollars, over the window, leaving any round trip aside

Coverage Twelve-month list: 39 funds with SEC filings for every month to May 2026, 67.7% of the group’s net assets. 3 funds’ filings report flows for the whole fund, all share classes, so they are not ranked here: VBR , VIOV , VTWV

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

The inflows list

### 12 months · Jun 2025 to May 2026

From SEC filings · 17 funds · the last month every filer has reported

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’s edition.

| # | Fund | Name | Net flow | Share of assets | Rank change |
| --- | --- | --- | --- | --- | --- |
| 1 | CALF | Pacer US Small Cap Cash Cows ETF | −$1.8bn | · | same |
| 2 | IWN | iShares Russell 2000 Value ETF | −$914m | · | same |
| 3 | DFSV | US Small Cap Value Portfolio ETF Class Shares | −$750m | · | same |
| 4 | DON | WisdomTree U.S. MidCap Dividend Fund | −$172m | · | ▲ 2 |
| 5 | DES | WisdomTree U.S. SmallCap Dividend Fund | −$144m | · | ▲ 2 |
| 6 | XSVM | Invesco S&P SmallCap Value with Momentum ETF | −$137m | · | ▲ 3 |
| 7 | SLYV | State Street SPDR S & P 600 Small Cap Value ETF | −$109m | · | ▼ 3 |
| 8 | RWJ | Invesco S&P SmallCap 600 Revenue ETF | −$96.3m | · | same |
| 9 | OUSM | ALPS O'Shares U.S. Small-Cap Quality Dividend ETF | −$94.4m | · | ▲ 3 |
| 10 | XSLV | Invesco S&P SmallCap Low Volatility ETF | −$72.5m | · | same |
| 11 | SMDV | ProShares Russell 2000 Dividend Growers ETF | −$70.4m | · | same |
| 12 | CSB | VictoryShares US Small Cap High Div Volatility Wtd ETF | −$56.0m | · | ▲ 1 |
| 13 | FNK | First Trust Mid Cap Value AlphaDEX Fund | −$16.5m | · | ▲ 2 |
| 14 | EZM | WisdomTree U.S. MidCap Fund | −$15.1m | · | same |
| 15 | RZV | Invesco S&P SmallCap 600 Pure Value ETF | −$7.5m | · | ▲ 1 |
| 16 | JPSV | JPMorgan Active Small Cap Value ETF | −$1.8m | · | ▲ 2 |
| 17 | XSHD | Invesco S&P SmallCap High Dividend Low Volatility ETF | −$1.8m | · | new |

SEC Form N-PORT, item B.6, monthly, every fund with a filing for every month of the window.

### Other flow rankings

### Where these figures came from

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.

ETFIQ is an independent publisher and makes no recommendations; a rank is a sort of one published figure, not an opinion.

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Source: ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.
Cite: 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/
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