The Multi-Asset Pulse: Target Risk Shines While Alternative Assets Diverge

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1. Weekly Channel Summary

This week in the Multi-Asset ETF channel, we tracked a total Assets Under Management (AUM) of $38.60 billion across 148 unique ETFs managed by 83 different issuers. The channel experienced positive momentum with 5-day net flows totaling $157 million. This recent influx brings the year-to-date flows to an impressive $6.32 billion, and the 1-year flow total to a strong $12.06 billion.

2. This Week’s Performance Leaders and Laggards

Target Risk Performance

The Target Risk categories broadly delivered positive returns this week. The Moderate strategy segment led the pack, gaining 1.34%, closely followed by Growth and Global Macro. On the other end, Conservative strategies lagged behind the other risk categories but still managed to eke out a positive return of 0.46%.

Category WTD 1 Month 3 Month 6 Month YTD 1 Year
Moderate 1.34% 0.64% 6.41% 9.52% 8.96% 19.62%
Growth 1.29% 1.51% 7.11% 7.48% 7.22% 17.55%
Global Macro 1.20% -0.40% 5.60% 8.66% 8.43% 19.95%
Aggressive 1.17% 0.92% 11.13% 10.46% 9.95% 21.48%
Conservative 0.46% -0.26% 2.84% 4.42% 4.07% 10.30%
Ticker Fund Name Target Risk Category WTD Return
Top 5 Performing ETFs
RULE Adaptive Core ETF Moderate 4.83%
GDMA Gadsden Dynamic Multi-Asset ETF Moderate 3.72%
MDAA Myriad Dynamic Asset Allocation ETF Global Macro 3.18%
DALI First Trust Dorsey Wright DALI Equity ETF Global Macro 3.04%
QVOY Q3 All-Season Active Rotation ETF Moderate 2.76%
Bottom 5 Performing ETFs
MHIG Milliman Healthcare Inflation Guard ETF Conservative -0.29%
MHIP Milliman Healthcare Inflation Plus ETF Conservative -0.29%
MSMR McElhenny Sheffield Managed Risk ETF Global Macro -0.28%
USAF Atlas America Fund Moderate -0.03%
TDSB ETC Cabana Target Beta ETF Global Macro 0.00%

Specialty Performance

In the Specialty segment, Multi-Asset Income yielded 0.89% for the week, pushing its YTD return to 5.53%. Real Assets strategies posted a milder 0.47% return for the week but continue to show exceptional strength year-to-date at 13.76%.

Category WTD 1 Month 3 Month 6 Month YTD 1 Year
Multi-Asset Income 0.89% 0.48% 4.74% 5.90% 5.53% 12.68%
Real Assets 0.47% -3.41% 1.79% 14.25% 13.76% 28.46%
Ticker Fund Name Specialty Category WTD Return
Top 5 Performing ETFs
LCO LOGIQ Contrarian Opportunities ETF Multi-Asset Income 2.69%
JFLI JPMorgan Flexible Income ETF Multi-Asset Income 2.13%
CVY Invesco Zacks Multi-Asset Income ETF Multi-Asset Income 2.12%
CEFD ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN Multi-Asset Income 1.83%
CEFS Saba Closed End Funds ETF Multi-Asset Income 1.56%
Bottom 5 Performing ETFs
RAAX VanEck Real Assets ETF Real Assets -0.42%
AMAX Adaptive Hedged Multi-Asset Income ETF Multi-Asset Income -0.15%
YFYA Yields for You Income Strategy A ETF Multi-Asset Income 0.15%
THRV Prospera Income ETF Multi-Asset Income 0.27%
HYIN WisdomTree Private Credit and Alternative Income Fund Multi-Asset Income 0.28%

Alternative Asset Sleeve Performance

The Alternative Asset Sleeve posted a 0.57% return for the week. Performance in this highly-specialized segment continues to be very dispersed, driven by massive swings in specific asset sleeves such as cryptocurrency and digital asset ecosystem exposures, which dominated the top of the performance charts, while precious metals and managed futures strategies lagged.

Category WTD 1 Month 3 Month 6 Month YTD 1 Year
Alternative Asset Sleeve 0.57% -9.01% -1.47% 4.61% 5.29% 23.96%
Ticker Fund Name WTD Return
Top 5 Performing ETFs
BITS Global X Blockchain & Bitcoin Strategy ETF 6.05%
HECO State Street Galaxy Hedged Digital Asset Ecosystem ETF 4.50%
BEGS Rareview 2x Bull Cryptocurrency & Precious Metals ETF 3.37%
RSIT Return Stacked International Stocks & Managed Futures ETF 3.26%
ISSB IncomeSTKd 1x US Stocks & 1x Bitcoin Premium ETF 2.90%
Bottom 5 Performing ETFs
GDMN WisdomTree Efficient Gold Plus Gold Miners Strategy Fund -2.75%
GDT WisdomTree Efficient TIPS Plus Gold Fund -2.57%
CTA Simplify US Equity PLUS Managed Futures Strategy ETF -2.31%
GDE WisdomTree Efficient Gold Plus Equity Strategy Fund -2.31%
GOLY Strategy Shares Gold Enhanced Yield ETF -2.27%

3. Analyzing the Weekly Flows

The Multi-Asset channel successfully aggregated $157 million in net flows over the past five days. Investors showed the most conviction for the Target Risk – Growth category, which led with a hefty $75 million in inflows. On the defensive side, the Target Risk – Conservative category experienced the largest withdrawals, seeing net outflows of -$5 million.

Category Fund Count AUM 5 Day Flow 30 Day Flow 90 Day Flow YTD Flow 1 Year Flow
Target Risk – Growth 11 $11.48B $75M $299M $1,137M $2,305M $4,776M
Target Risk – Global Macro 32 $5.08B $34M $140M $423M $1,134M $2,181M
Specialty – Real Assets 4 $2.91B $27M $171M $671M $1,278M $1,544M
Target Risk – Aggressive 3 $3.41B $14M $29M $112M $212M $445M
Specialty – Alternative Asset Sleeve 35 $4.63B $9M $14M $105M $501M $1,146M
Target Risk – Target Date 10 $0.60B $6M $34M $77M $172M $325M
Specialty – Multi-Asset Income 25 $5.59B -$2M $89M $317M $548M $1,182M
Target Risk – Moderate 20 $3.58B -$2M $24M $56M $68M $248M
Target Risk – Conservative 8 $1.32B -$5M $40M $98M $105M $213M

Top & Bottom 5 ETFs by 5-Day Flow

Ticker Fund Name 5 Day Flow
Top 5 Flow Leaders
CGBL Capital Group Core Balanced ETF $72M
TRTY Cambria Trinity ETF $70M
BTGD STKd 100% Bitcoin & 100% Gold ETF $18M
INCM Franklin Income Focus ETF $17M
RAAX VanEck Real Assets ETF $17M
Bottom 5 Flow Laggards
MOOD Relative Sentiment Tactical Allocation ETF -$48M
YYY Amplify CEF High Income ETF -$17M
HECO State Street Galaxy Hedged Digital Asset Ecosystem ETF -$13M
HECA Hedgeye Capital Allocation ETF -$9M
GDE WisdomTree Efficient Gold Plus Equity Strategy Fund -$6M

4. Issuer League Table Update

The issuer landscape remains highly concentrated at the very top. iShares continues to hold the number one spot with a commanding 25.86% market share, followed by Capital Group at 17.06%. For the week, Cambria narrowly won the battle for flows, attracting $75 million compared to Capital Group’s $72 million. Conversely, Relative Sentiment faced the stiffest headwinds, bleeding $48 million in assets.

Brand Fund Count AUM AUM Market Share
Top 5 Issuers by Market Share
iShares 19 $9.98B 25.86%
Capital Group 1 $6.59B 17.06%
WisdomTree 9 $2.64B 6.84%
Franklin 1 $1.58B 4.08%
State Street 2 $1.58B 4.08%
Brand 5 Day Flow
Top 3 Issuers by 5-Day Flow
Cambria $75M
Capital Group $72M
iShares $25M
Bottom 3 Issuers by 5-Day Flow
Relative Sentiment -$48M
Amplify -$17M
Hedgeye -$9M

For a deeper dive into these trends, access our FREE, in-depth ETF reports in the right side panel of this page.

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.