Weekly Channel Summary
The EQ: Specialty channel encompasses 78 ETFs across 55 brands, managing a combined $15.9 billion in assets under management (AUM). Over the past week, the space attracted $95 million in net new money. This positive momentum extends longer-term, with year-to-date inflows standing at $1.22 billion and 1-year flows reaching an impressive $3.09 billion.
This Week’s Performance Leaders and Laggards
The Equity: Specialty – Hedged category led the channel this week, posting a strong 2.90% WTD return to push its YTD performance to 2.93%. The Equity: Specialty – Long | Short category also posted positive returns, advancing 1.25% for the week and bringing its YTD gain to a channel-leading 4.18%.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Equity: Specialty – Hedged | 2.90% | 3.55% | 1.51% | 4.51% | 2.93% | 22.56% |
| Equity: Specialty – Long | Short | 1.25% | 2.52% | 1.90% | 6.10% | 4.18% | 18.23% |
Top & Bottom 5 ETFs by Weekly Performance
The ProShares Long Online/Short Stores ETF (CLIX) was the standout performer for the week, surging 8.03%. Conversely, the Leatherback Long/Short Alternative Yield ETF (LBAY) and the AGF U.S. Market Neutral Anti-Beta Fund (BTAL) found themselves at the bottom of the pack, declining 6.39% and 4.89%, respectively.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| CLIX | ProShares Long Online/Short Stores ETF | 8.03% |
| AINT | FINQ DOLLAR NEUTRAL U.S. Large Cap AI-Managed Equity ETF | 6.99% |
| QTR | Global X NASDAQ 100 Tail Risk ETF | 5.71% |
| PCR | Simplify VettaFi Private Credit Strategy ETF | 5.62% |
| MSTQ | LHA Market State Tactical Q ETF | 5.51% |
| Bottom Performers | ||
| LBAY | Leatherback Long/Short Alternative Yield ETF | -6.39% |
| BTAL | AGF U.S. Market Neutral Anti-Beta Fund | -4.89% |
| HFSP | TradersAI Large Cap Equity & Cash ETF | -4.35% |
| HELS | Hedgeye 130/30 Equity ETF | -3.07% |
| ORR | Militia Long/Short Equity ETF | -2.67% |
Analyzing the Weekly Flows
The channel experienced solid net inflows this week, totaling $95 million. The Equity: Specialty – Long | Short category was the primary driver, pulling in $61 million to grow its $4.8 billion asset base. The Equity: Specialty – Hedged category also saw positive interest, gathering $34 million. Neither of the broad categories saw net outflows for the week.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Equity: Specialty – Long | Short | 27 | $4.8B | $61M | $89M | $524M | $745M | $1,022M |
| Equity: Specialty – Hedged | 51 | $11.1B | $34M | -$36M | $308M | $477M | $2,068M |
Top & Bottom 5 ETFs by 5-Day Flow
The iShares Systematic Alternatives Active ETF (IALT) led all individual funds with $33 million in weekly inflows. On the outflow side, the AGF U.S. Market Neutral Anti-Beta Fund (BTAL) and the Alpha Architect Tail Risk ETF (CAOS) experienced the heaviest redemptions, losing $20 million and $5 million, respectively.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| IALT | iShares Systematic Alternatives Active ETF | $33M |
| CLSE | Convergence Long/Short Equity ETF | $30M |
| HELO | JPMorgan Hedged Equity Laddered Overlay ETF | $12M |
| FHEQ | Fidelity Hedged Equity ETF | $9M |
| HEFT | Hedgeye Fourth Turning ETF | $9M |
| Outflows | ||
| BTAL | AGF U.S. Market Neutral Anti-Beta Fund | -$20M |
| CAOS | Alpha Architect Tail Risk ETF | -$5M |
| OVLH | Overlay Shares Hedged Large Cap Equity ETF | -$4M |
| HEQT | Simplify Hedged Equity ETF | -$2M |
| QBER | TrueShares Quarterly Bear Hedge ETF | -$1M |
Issuer League Table Update
JPMorgan continues to dominate the channel with a commanding 26.77% market share, followed by First Trust at 13.98%. From a flows perspective, John Hancock attracted the most new capital this week, gathering $51 million, while AGF saw the largest outflows at $20 million.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| JPMorgan | 3 | $4.27B | 26.77% |
| First Trust | 1 | $2.23B | 13.98% |
| Fidelity | 2 | $0.82B | 5.15% |
| Alpha Architect | 2 | $0.68B | 4.24% |
| Swan | 1 | $0.65B | 4.05% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| John Hancock | $51M |
| iShares | $33M |
| Convergence | $30M |
| Outflows | |
| AGF | -$20M |
| Alpha Architect | -$5M |
| Overlay Shares | -$4M |
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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.
