Weekly Channel Summary
The Specialty Equity ETF channel, comprising 81 funds from 52 issuers, holds a total of $22.33 billion in assets under management. The segment continued its strong asset-gathering trend, adding $144 million in net inflows over the past week. This brings year-to-date inflows to a robust $7.28 billion, building on a one-year total of $8.88 billion.
This Week’s Performance Leaders and Laggards
Both Specialty Equity categories posted gains for the week, led by Long | Short strategies which returned 1.29%. The Hedged category also performed well, rising 0.99% over the same period. Year-to-date, Long | Short funds have maintained a significant performance lead, up 10.35% compared to a 7.29% gain for Hedged strategies.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Long | Short | 1.29% | 2.32% | 3.38% | 8.71% | 10.35% | 18.76% |
| Hedged | 0.99% | 2.96% | 7.04% | 5.73% | 7.29% | 16.01% |
Top & Bottom 5 ETFs by Weekly Performance
The ProShares Long Online/Short Stores ETF (CLIX) was the week’s top-performing fund, delivering a 3.38% return. Also posting a strong gain was the WisdomTree Efficient Long/Short U.S. Equity Fund (WTLS), which rose 3.32%. In stark contrast, the Anfield Enhanced Market ETF (AEMS) was the worst performer with a significant weekly decline of 8.91%.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| CLIX | ProShares Long Online/Short Stores ETF | 3.38% |
| WTLS | WisdomTree Efficient Long/Short U.S. Equity Fund | 3.32% |
| CLSE | Convergence Long/Short Equity ETF | 2.74% |
| NLSI | NEOS Long/Short Equity Income ETF | 2.42% |
| HBTA | Horizon Expedition Plus ETF | 2.28% |
| Bottom Performers | ||
| AEMS | Anfield Enhanced Market ETF | -8.91% |
| LBAY | Leatherback Long/Short Alternative Yield ETF | -1.95% |
| CBLS | Clough Hedged Equity ETF | -1.47% |
| HELS | Hedgeye 130/30 Equity ETF | -1.04% |
| HFSP | TradersAI Large Cap Equity & Cash ETF | -1.01% |
Analyzing the Weekly Flows
Investors allocated a net $144 million to Specialty Equity ETFs this week, continuing a positive trend for the channel. The Long | Short category was the primary beneficiary, attracting $86 million in new assets. Hedged strategies also saw positive interest, pulling in the remaining $59 million for the week.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Long | Short | 28 | $10.79B | $86M | $1,389M | $5,876M | $6,586M | $6,859M |
| Hedged | 53 | $11.55B | $59M | $157M | $199M | $689M | $2,026M |
Top & Bottom 5 ETFs by 5-Day Flow
The iShares Systematic Alternatives Active ETF (IALT) single-handedly drove much of the week’s activity, attracting $76 million in inflows. On the redemption side, the Simplify Hedged Equity ETF (HEQT) experienced the largest outflows at -$16 million. The Militia Long/Short Equity ETF (ORR) followed with the second-largest withdrawal of -$6 million.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| IALT | iShares Systematic Alternatives Active ETF | $76M |
| HELO | JPMorgan Hedged Equity Laddered Overlay ETF | $34M |
| BFLX | iShares Flexible Equity Active ETF | $13M |
| MRSK | Toews Agility Shares Managed Risk ETF | $13M |
| KSPY | KraneShares Hedgeye Hedged Equity Index ETF | $12M |
| Outflows | ||
| HEQT | Simplify Hedged Equity ETF | -$16M |
| ORR | Militia Long/Short Equity ETF | -$6M |
| MSTB | LHA Market State Tactical Beta ETF | -$2M |
| HEFT | Hedgeye Fourth Turning ETF | -$2M |
| SPD | Simplify US Equity PLUS Downside Convexity ETF | -$1M |
Issuer League Table Update
iShares continues to lead the Specialty Equity space with a 25.66% market share and was also the top asset gatherer this week, bringing in $89 million. JPMorgan holds the second-largest position with 19.15% of the channel’s AUM and also saw positive inflows of $34 million. Conversely, Simplify recorded the largest net outflows among issuers, with investors pulling -$17 million from its funds.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| iShares | 2 | $5.73B | 25.66% |
| JPMorgan | 3 | $4.28B | 19.15% |
| First Trust | 1 | $2.43B | 10.88% |
| Fidelity | 2 | $927M | 4.15% |
| Convergence | 1 | $736M | 3.30% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| iShares | $89M |
| JPMorgan | $34M |
| Toews | $13M |
| Outflows | |
| Simplify | -$17M |
| Militia | -$6M |
| Little Harbor Advisors | -$2M |
For a deeper dive into these trends, access our FREE, in-depth EQ: Specialty 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.
