Weekly Channel Summary
The Alternatives ETF channel, encompassing 47 funds from 26 issuers, holds a total of $13.31 billion in assets under management. This past week, the channel attracted $119 million in net new assets. Year-to-date inflows now stand at a robust $3.44 billion, while the one-year total has reached $5.22 billion.
This Week’s Performance Leaders and Laggards
Managed Futures strategies led performance across the Alternatives channel, posting a 2.00% gain for the week. This positive momentum builds on a strong year, with the category now up 11.31% year-to-date. In contrast, Long Volatility funds struggled, declining by 1.04% over the week and extending their year-to-date losses to -23.62%.
Absolute Return Performance Snapshot
| Absolute Return | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Managed Futures | 2.00% | 4.59% | 0.87% | 6.87% | 11.31% | 20.51% |
| Multi-Strategy | 0.53% | 0.31% | 1.57% | 4.09% | 6.32% | 14.34% |
| Event Driven | -0.02% | 0.36% | 0.69% | 1.76% | 2.28% | 4.02% |
Volatility Performance Snapshot
| Volatility | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Vol – Short | -0.04% | 2.36% | 10.89% | 0.99% | 1.20% | 18.61% |
| Vol – Long | -1.04% | -7.67% | -30.57% | -23.00% | -23.62% | -55.77% |
Top & Bottom 5 ETFs by Weekly Performance
The Simplify Multi-QIS Alternative ETF (QIS) was the week’s top performer, returning 3.74%. Other managed futures funds also posted strong results, including the Simplify Managed Futures Strategy ETF (CTA) which gained 3.69%. At the other end of the spectrum, volatility-linked products faced headwinds, with the 2x Long VIX Futures ETF (UVIX) declining by 2.36%.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| QIS | Simplify Multi-QIS Alternative ETF | 3.74% |
| CTA | Simplify Managed Futures Strategy ETF | 3.69% |
| MFUT | Cambria Chesapeake Pure Trend ETF | 2.94% |
| TFPN | Blueprint Chesapeake Multi-Asset Trend ETF | 2.32% |
| KMLM | KraneShares Mount Lucas Managed Futures Index Strategy ETF | 2.19% |
| Bottom Performers | ||
| UVIX | 2x Long VIX Futures ETF | -2.36% |
| ZVOL | Volatility Premium Plus ETF | -2.19% |
| UVXY | ProShares Ultra VIX Short-Term Futures ETF | -1.38% |
| VIXY | ProShares VIX Short-Term Futures ETF | -0.97% |
| SPCK | SPAC and New Issue ETF | -0.58% |
Analyzing the Weekly Flows
Investors directed a net $119 million into the Alternatives channel over the past week. Managed Futures funds were the primary destination for new capital, attracting $146 million in net inflows. Conversely, Long Volatility strategies experienced the largest redemptions, with investors pulling a net $37 million from the category.
Absolute Return Flows Summary
| Absolute Return | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Managed Futures | 16 | $7.76B | $146M | $50M | $894M | $2,645M | $3,669M |
| Multi-Strategy | 12 | $2.81B | $14M | $275M | $697M | $873M | $1,103M |
| Event Driven | 8 | $424M | -$2M | -$6M | -$10M | -$31M | $1M |
Volatility Flows Summary
| Volatility | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Vol – Short | 5 | $1.06B | -$2M | -$43M | -$192M | -$131M | -$500M |
| Vol – Long | 6 | $1.26B | -$37M | -$1M | $261M | $79M | $946M |
Top & Bottom 5 ETFs by 5-Day Flow
The iMGP DBi Managed Futures Strategy ETF (DBMF) led all funds with $87 million in weekly net inflows, followed by several other managed futures products. Despite being one of the week’s top performers, the Simplify Managed Futures Strategy ETF (CTA) saw the largest outflows at -$47 million. The 2x Long VIX Futures ETF (UVIX) also experienced significant redemptions, shedding $39 million.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| DBMF | iMGP DBi Managed Futures Strategy ETF | $87M |
| KMLM | KraneShares Mount Lucas Managed Futures Index Strategy ETF | $49M |
| FFUT | Fidelity Managed Futures ETF | $48M |
| VIXM | ProShares VIX Mid-Term Futures ETF | $13M |
| FLSP | Franklin Systematic Style Premia ETF | $8M |
| Outflows | ||
| CTA | Simplify Managed Futures Strategy ETF | -$47M |
| UVIX | 2x Long VIX Futures ETF | -$39M |
| UVXY | ProShares Ultra VIX Short-Term Futures ETF | -$13M |
| VIXY | ProShares VIX Short-Term Futures ETF | -$4M |
| SVXY | ProShares Short VIX Short-Term Futures ETF | -$3M |
Issuer League Table Update
iM remains the dominant issuer in the Alternatives space, commanding a 30.61% market share, followed by Simplify at 16.85%. This week, iM also led all issuers in asset gathering, bringing in $87 million in net new money. In contrast, Simplify experienced the largest net outflows among issuers, with redemptions totaling $49 million.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| iM | 1 | $4.07B | 30.61% |
| Simplify | 5 | $2.24B | 16.85% |
| New York Life Investments | 2 | $1.26B | 9.47% |
| Franklin | 1 | $1.02B | 7.66% |
| ProShares | 6 | $752M | 5.65% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| iM | $87M |
| KraneShares | $49M |
| Fidelity | $48M |
| Outflows | |
| Simplify | -$49M |
| Volatility Shares | -$38M |
| ProShares | -$6M |
For a deeper dive into these trends, access our FREE, in-depth Alternative ETF reports in the right side panel of this page.
Disclosures
This material is for informational purposes only and should not be considered investment advice. All investments, including ETFs, involve risk, including the possible loss of principal. Investors should consider their investment objectives, risks, charges, and expenses carefully before investing.
This analysis was developed by the team at ETF Action. We leverage advanced AI tools to assist in the drafting and refinement of our content, based on our expert prompts, direction, and final review.
