Weekly Channel Summary
The Specialty Equity channel, comprising 81 ETFs from 52 issuers, currently holds $25.46 billion in total assets under management. This week, the channel attracted a net inflow of $130 million, continuing its positive trend. Year-to-date, investors have added a substantial $9.69 billion, with the one-year total reaching nearly $11.0 billion.
This Week’s Performance Leaders and Laggards
Both categories within the Specialty Equity channel delivered positive returns for the week. The Hedged category edged out as the top performer, gaining 0.58% over the past five trading days. Meanwhile, the Long | Short category returned 0.39% for the week, and it continues to lead on a year-to-date basis with a total return of 12.86%.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Hedged | 0.58% | 2.53% | 3.51% | 8.28% | 9.54% | 15.51% |
| Long | Short | 0.39% | 2.25% | 3.05% | 10.32% | 12.86% | 18.09% |
Top & Bottom 5 ETFs by Weekly Performance
The NEOS Long/Short Equity Income ETF (NLSI) was the clear standout this week, posting a strong gain of 6.32%. Other notable performers included the FINQ DOLLAR NEUTRAL U.S. Large Cap AI-Managed Equity ETF (AINT), which rose by 4.75%. At the other end of the spectrum, the Militia Long/Short Equity ETF (ORR) was the weakest performer, declining by 2.74%.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| NLSI | NEOS Long/Short Equity Income ETF | 6.32% |
| AINT | FINQ DOLLAR NEUTRAL U.S. Large Cap AI-Managed Equity ETF | 4.75% |
| LSEQ | Harbor Long-Short Equity ETF | 2.99% |
| TOS | Twin Oak Strategic Solutions ETF | 2.46% |
| VAMO | Cambria Value & Momentum ETF | 2.23% |
| Bottom Performers | ||
| ORR | Militia Long/Short Equity ETF | -2.74% |
| CLIX | ProShares Long Online/Short Stores ETF | -1.92% |
| BTAL | AGF U.S. Market Neutral Anti-Beta Fund | -0.50% |
| MKTN | Federated Hermes MDT Market Neutral ETF | -0.22% |
| HFSP | TradersAI Large Cap Equity & Cash ETF | -0.19% |
Analyzing the Weekly Flows
Investors allocated a net $130 million to Specialty Equity ETFs over the past week. The Long | Short category captured the majority of these new assets, pulling in $82 million. The Hedged category also experienced positive demand, securing the remaining $49 million in net inflows.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Long | Short | 29 | $12.55B | $82M | $1,367M | $7,161M | $8,026M | $8,329M |
| Hedged | 52 | $12.90B | $49M | $958M | $1,202M | $1,662M | $2,663M |
Top & Bottom 5 ETFs by 5-Day Flow
The iShares Systematic Alternatives Active ETF (IALT) was the dominant asset gatherer this week, attracting $67 million in new capital. This single fund accounted for more than half of the channel’s total net inflows. On the other hand, ProShares Large Cap Core Plus (CSM) experienced the most significant redemptions with outflows totaling $36 million, followed by the JPMorgan International Hedged Equity Laddered Overlay ETF (HOLA) which saw outflows of $6 million.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| IALT | iShares Systematic Alternatives Active ETF | $67M |
| CLSE | Convergence Long/Short Equity ETF | $29M |
| HELO | JPMorgan Hedged Equity Laddered Overlay ETF | $24M |
| BFLX | iShares Flexible Equity Active ETF | $13M |
| FTLS | First Trust Long/Short Equity ETF | $11M |
| Outflows | ||
| CSM | ProShares Large Cap Core Plus | -$36M |
| HOLA | JPMorgan International Hedged Equity Laddered Overlay ETF | -$6M |
| BTAL | AGF U.S. Market Neutral Anti-Beta Fund | -$4M |
| PHDG | Invesco S&P 500 Downside Hedged ETF | -$2M |
| SHRT | Gotham Short Strategies ETF | -$2M |
Issuer League Table Update
iShares and JPMorgan continue to dominate the Specialty Equity landscape, commanding 28.26% and 20.14% of the market share, respectively. This week, iShares also led all issuers in asset gathering, bringing in a net $80 million. Conversely, ProShares recorded the largest net outflows among issuers, with investors pulling $36 million from its funds.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| iShares | 2 | $7.19B | 28.26% |
| JPMorgan | 4 | $5.13B | 20.14% |
| First Trust | 1 | $2.51B | 9.87% |
| Fidelity | 2 | $992M | 3.90% |
| Convergence | 1 | $887M | 3.48% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| iShares | $80M |
| Convergence | $29M |
| JPMorgan | $19M |
| Outflows | |
| ProShares | -$36M |
| AGF | -$4M |
| Invesco | -$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.
