Weekly Channel Summary
The Specialty ETF channel encompasses 80 funds from 52 issuers, with total assets under management of $25.23 billion. This week, the channel saw net inflows of $260 million, contributing to a strong year-to-date total of $9.56 billion. Over the past twelve months, investors have allocated nearly $10.96 billion to this segment.
This Week’s Performance Leaders and Laggards
Hedged strategies led performance this week with a 2.18% gain, outpacing the Long | Short category’s 1.22% return. The Hedged category has also performed well over the past year, returning 16.65%. On a year-to-date basis, however, Long | Short strategies maintain the lead with a 12.37% return, compared to 8.95% for Hedged funds.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Hedged | 2.18% | 2.44% | 4.05% | 6.89% | 8.95% | 16.65% |
| Long | Short | 1.22% | 2.77% | 3.63% | 9.15% | 12.37% | 19.26% |
Top & Bottom 5 ETFs by Weekly Performance
The Simplify VettaFi Private Credit Strategy ETF (PCR) was the standout performer, delivering a 6.62% return for the week. Several other funds, including LHA Market State Tactical Q ETF (MSTQ), also posted gains over 5.5%. At the other end of the spectrum, the Harbor Long-Short Equity ETF (LSEQ) was the weakest performer, declining by 3.41%.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| PCR | Simplify VettaFi Private Credit Strategy ETF | 6.62% |
| MSTQ | LHA Market State Tactical Q ETF | 5.57% |
| TOS | Twin Oak Strategic Solutions ETF | 5.53% |
| SPYC | Simplify US Equity PLUS Convexity ETF | 5.40% |
| FFLS | Future Fund Long/Short ETF | 5.14% |
| Bottom Performers | ||
| LSEQ | Harbor Long-Short Equity ETF | -3.41% |
| SHRT | Gotham Short Strategies ETF | -2.76% |
| BTAL | AGF U.S. Market Neutral Anti-Beta Fund | -2.69% |
| CLSE | Convergence Long/Short Equity ETF | -1.35% |
| VAMO | Cambria Value & Momentum ETF | -0.61% |
Analyzing the Weekly Flows
The Specialty channel attracted a net $260 million in new assets this week, continuing its strong year-to-date trend. Both categories within the channel saw positive flows, with Hedged strategies leading the way by bringing in $166 million. The Long | Short category also contributed with a respectable $93 million in net inflows for the week.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Hedged | 51 | $12.80B | $166M | $969M | $1,233M | $1,614M | $2,683M |
| Long | Short | 29 | $12.43B | $93M | $1,411M | $7,108M | $7,944M | $8,275M |
Top & Bottom 5 ETFs by 5-Day Flow
The Simplify US Equity Income ETF (SPUC) led all funds in asset gathering, securing $67 million in net new capital. Following closely was the iShares Systematic Alternatives Active ETF (IALT), which collected $59 million. Conversely, the First Trust Long/Short Equity ETF (FTLS) experienced the largest redemption at $34 million, followed by the Alpha Architect Tail Risk ETF (CAOS) which shed $24 million.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| SPUC | Simplify US Equity Income ETF | $67M |
| IALT | iShares Systematic Alternatives Active ETF | $59M |
| QGRD | Horizon Nasdaq-100 Defined Risk ETF | $54M |
| HBTA | Horizon Expedition Plus ETF | $37M |
| CSM | ProShares Large Cap Core Plus | $36M |
| Outflows | ||
| FTLS | First Trust Long/Short Equity ETF | -$34M |
| CAOS | Alpha Architect Tail Risk ETF | -$24M |
| VAMO | Cambria Value & Momentum ETF | -$22M |
| QBUL | TrueShares Quarterly Bull Hedge ETF | -$19M |
| BTAL | AGF U.S. Market Neutral Anti-Beta Fund | -$8M |
Issuer League Table Update
iShares and JPMorgan continue to dominate the Specialty channel, commanding 27.94% and 20.06% of the market share, respectively. This week, Horizon led all issuers in asset gathering, attracting $91 million in net inflows across its funds. On the other hand, First Trust saw the largest net outflows among issuers, with redemptions totaling $34 million.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| iShares | 2 | $7.05B | 27.94% |
| JPMorgan | 4 | $5.06B | 20.06% |
| First Trust | 1 | $2.48B | 9.84% |
| Fidelity | 2 | $989M | 3.92% |
| Convergence | 1 | $937M | 3.71% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| Horizon | $91M |
| iShares | $72M |
| Simplify | $64M |
| Outflows | |
| First Trust | -$34M |
| Alpha Architect | -$23M |
| Cambria | -$22M |
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.
