Weekly Channel Summary
This week, the EQ: Specialty channel, encompassing 70 ETFs from 49 different issuers, holds a total of $13.6B in assets under management. The channel saw net inflows of $127M over the past week, contributing to a strong year-to-date inflow of $2.82B. Over the last twelve months, the channel has attracted $3.58B in new assets.
This Week’s Performance Leaders and Laggards
The Equity: Specialty – Long | Short category led performance this week with an average WTD return of 0.35%, though it remains up a more modest 7.81% year-to-date. The Equity: Specialty – Hedged category lagged slightly on a weekly basis with a 0.05% gain, but it maintains a strong YTD performance, up 11.95%.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Equity: Specialty – Long | Short | 0.35% | -0.08% | 3.40% | 9.00% | 7.81% | 7.69% |
| Equity: Specialty – Hedged | 0.05% | 1.39% | 6.33% | 15.04% | 11.95% | 12.91% |
Top & Bottom 5 ETFs by Weekly Performance
The single best-performing ETF this week was the DailyDelta Q100 Upside Option Strategy ETF (QUP), which returned 4.81%. On the other end of the spectrum, the two worst-performing ETFs were the Formidable ETF (FORH) with a -9.10% return, and the DailyDelta Q100 Downside Option Strategy ETF (QDWN), which fell -8.91%.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| QUP | DailyDelta Q100 Upside Option Strategy ETF | 4.81% |
| FFLS | Future Fund Long/Short ETF | 2.02% |
| QGRD | Horizon Nasdaq-100 Defined Risk ETF | 1.90% |
| MSTQ | LHA Market State Tactical Q ETF | 1.89% |
| QTR | Global X NASDAQ 100 Tail Risk ETF | 1.87% |
| Bottom Performers | ||
| FORH | Formidable ETF | -9.10% |
| QDWN | DailyDelta Q100 Downside Option Strategy ETF | -8.91% |
| LBAY | Leatherback Long/Short Alternative Yield ETF | -4.34% |
| VAMO | Cambria Value & Momentum ETF | -2.66% |
| BTAL | AGF U.S. Market Neutral Anti-Beta Fund | -2.31% |
Analyzing the Weekly Flows
The channel gathered $127M in total net inflows this week. This activity was driven entirely by the Equity: Specialty – Hedged category, which pulled in $135M in new assets. This category, the larger of the two, now holds $9.9B in AUM. Conversely, the Equity: Specialty – Long | Short category experienced the largest outflows, shedding $7M over the week.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Equity: Specialty – Hedged | 50 | $9.9B | $135M | $452M | $872M | $2,382M | $3,038M |
| Equity: Specialty – Long | Short | 20 | $3.7B | ($7M) | $96M | $202M | $433M | $544M |
Top & Bottom 5 ETFs by 5-Day Flow
At the individual ETF level, the JPMorgan Hedged Equity Laddered Overlay ETF (HELO) led all funds, attracting $67M in new money. The most significant outflows came from the AGF U.S. Market Neutral Anti-Beta Fund (BTAL), which saw $33M in redemptions, and the KraneShares Hedgeye Hedged Equity Index ETF (KSPY), which lost $17M.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| HELO | JPMorgan Hedged Equity Laddered Overlay ETF | $67M |
| HEGD | Swan Hedged Equity US Large Cap ETF | $45M |
| FTLS | First Trust Long/Short Equity ETF | $39M |
| FHEQ | Fidelity Hedged Equity ETF | $10M |
| SPD | Simplify US Equity PLUS Downside Convexity ETF | $9M |
| Outflows | ||
| BTAL | AGF U.S. Market Neutral Anti-Beta Fund | ($33M) |
| KSPY | KraneShares Hedgeye Hedged Equity Index ETF | ($17M) |
| CSM | ProShares Large Cap Core Plus | ($16M) |
| SPYC | Simplify US Equity PLUS Convexity ETF | ($1M) |
| CBLS | Clough Hedged Equity ETF | ($1M) |
Issuer League Table Update
The top two issuers by market share remain JPMorgan, which controls 28.37% of the channel’s AUM, and First Trust, with a 15.42% share. JPMorgan also gathered the most assets this week, with $75M in net inflows. Among the top issuers, ProShares saw the largest outflows, with $16M leaving its funds.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| JPMorgan | 3 | $3.87B | 28.37% |
| First Trust | 1 | $2.10B | 15.42% |
| Simplify | 5 | $0.62B | 4.56% |
| Fidelity | 2 | $0.60B | 4.42% |
| Swan | 1 | $0.58B | 4.25% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| JPMorgan | $75M |
| Swan | $45M |
| First Trust | $39M |
| Outflows | |
| AGF | -$33M |
| KraneShares | -$17M |
| ProShares | -$16M |
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.
