Weekly Channel Summary
The EQ: Specialty channel encompasses 70 ETFs from 50 issuers, with a total AUM of $13B. The channel saw net inflows of $0.11B over the past week, contributing to a $2.68B YTD flow and $3.52B over the past year.
This Week’s Performance Leaders and Laggards
The Equity: Specialty – Hedged category led performance this week with an average WTD return of 1.24%, bringing its YTD return to 12.01%. The Equity: Specialty – Long | Short category lagged slightly, posting a 0.92% WTD return and is now up 7.37% YTD.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Equity: Specialty – Hedged | 1.24% | 1.88% | 5.68% | 16.08% | 12.01% | 11.55% |
| Equity: Specialty – Long | Short | 0.92% | -0.13% | 3.10% | 9.23% | 7.37% | 6.78% |
Top & Bottom 5 ETFs by Weekly Performance
The top individual performer this week was the DailyDelta Q100 Upside Option Strategy ETF (QUP), which gained 6.21% WTD. On the other end, the DailyDelta Q100 Downside Option Strategy ETF (QDWN) was the worst performer, declining -8.48%. It was followed by the AGF U.S. Market Neutral Anti-Beta Fund (BTAL), which lost -3.33%.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| QUP | DailyDelta Q100 Upside Option Strategy ETF | 6.21% |
| CLIX | ProShares Long Online/Short Stores ETF | 4.42% |
| CTEF | Castellan Targeted Equity ETF | 3.23% |
| HFEQ | Unlimited HFEQ Equity Long/Short ETF | 3.15% |
| SPUC | Simplify US Equity PLUS Upside Convexity ETF | 2.80% |
| Bottom Performers | ||
| QDWN | DailyDelta Q100 Downside Option Strategy ETF | -8.48% |
| BTAL | AGF U.S. Market Neutral Anti-Beta Fund | -3.33% |
| CBLS | Clough Hedged Equity ETF | -2.23% |
| SHRT | Gotham Short Strategies ETF | -2.02% |
| LBAY | Leatherback Long/Short Alternative Yield ETF | -0.49% |
Analyzing the Weekly Flows
The channel attracted $109M in total net inflows this week. The Equity: Specialty – Hedged category led the way with $62M in new assets, bringing its total AUM to $9.7B. The Equity: Specialty – Long | Short category also saw significant inflows of $47M. No categories experienced net outflows this week.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Equity: Specialty – Hedged | 50 | $9.7B | $62M | $339M | $757M | $2,244M | $2,954M |
| Equity: Specialty – Long | Short | 20 | $3.7B | $47M | $104M | $196M | $440M | $562M |
Top & Bottom 5 ETFs by 5-Day Flow
The KraneShares Hedgeye Hedged Equity Index ETF (KSPY) was the top gatherer, pulling in $19M in 5-day flows. The largest outflows came from the LHA Market State Tactical Beta ETF (MSTB), which saw ($11M) in redemptions, followed by the Invesco S&P 500 Downside Hedged ETF (PHDG) with ($2M) in outflows.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| KSPY | KraneShares Hedgeye Hedged Equity Index ETF | $19M |
| FTLS | First Trust Long/Short Equity ETF | $17M |
| CSM | ProShares Large Cap Core Plus | $15M |
| CAOS | Alpha Architect Tail Risk ETF | $14M |
| BTAL | AGF U.S. Market Neutral Anti-Beta Fund | $12M |
| Outflows | ||
| MSTB | LHA Market State Tactical Beta ETF | ($11M) |
| PHDG | Invesco S&P 500 Downside Hedged ETF | ($2M) |
| EHLS | Even Herd Long Short ETF | ($1M) |
| FORH | Formidable ETF | ($1M) |
| AAVM | Alpha Architect Global Factor Equity ETF | ($1M) |
Issuer League Table Update
JPMorgan remains the top issuer by market share at 28.28%, followed by First Trust at 14.98%. The top issuer for weekly inflows was KraneShares, which gathered $19M. The largest outflows from a top issuer came from Little Harbor Advisors, which saw ($11M) in redemptions.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| JPMorgan | 3 | $3.78B | 28.28% |
| First Trust | 1 | $2.00B | 14.98% |
| Simplify | 5 | $0.60B | 4.49% |
| Fidelity | 2 | $0.59B | 4.37% |
| Alpha Architect | 2 | $0.57B | 4.27% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| KraneShares | $19M |
| First Trust | $17M |
| ProShares | $15M |
| Outflows | |
| Little Harbor Advisors | ($11M) |
| Invesco | ($2M) |
| Even Herd | ($1M) |
For a deeper dive into these trends, access our FREE, in-depth Thematic 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.
