Weekly Channel Summary
The EQ: Specialty channel, currently comprised of 53 brands and 78 ETFs, manages a total of $15B in assets. For the week ending 2/13/2026, the channel saw healthy activity with net inflows of $0.12B. Year-to-date, the channel has attracted $0.83B, contributing to a strong 1-year flow total of $3.35B.
This Week’s Performance Leaders and Laggards
Both categories in the channel faced headwinds this week. The Equity: Specialty – Long | Short category was the relative leader, declining just -0.24% for the week (though it remains up 2.91% YTD). The laggard was Equity: Specialty – Hedged, which fell -0.68% WTD but maintains a positive 1.04% return for the year so far.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Equity: Specialty – Long | Short | -0.24% | 0.69% | 3.71% | 5.97% | 2.91% | 8.47% |
| Equity: Specialty – Hedged | -0.68% | -0.62% | 2.18% | 5.97% | 1.04% | 9.81% |
Top & Bottom 5 ETFs by Weekly Performance
The LBAY (Leatherback Long/Short Alternative Yield ETF) led individual performance with a notable 4.00% gain. On the downside, the CLIX (ProShares Long Online/Short Stores ETF) and SHRT (Gotham Short Strategies ETF) struggled significantly, falling -7.36% and -3.22% respectively.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| LBAY | Leatherback Long/Short Alternative Yield ETF | 4.00% |
| ORR | Militia Long/Short Equity ETF | 3.35% |
| MEMA | Man Active Emerging Markets Alternative ETF | 3.18% |
| ISWN | Amplify BlackSwan ISWN ETF | 2.07% |
| AAVM | Alpha Architect Global Factor Equity ETF | 1.73% |
| Bottom Performers | ||
| CLIX | ProShares Long Online/Short Stores ETF | -7.36% |
| SHRT | Gotham Short Strategies ETF | -3.22% |
| HBTA | Horizon Expedition Plus ETF | -2.00% |
| SPUC | Simplify US Equity PLUS Upside Convexity ETF | -1.99% |
| WTLS | WisdomTree Efficient Long/Short U.S. Equity Fund | -1.95% |
Analyzing the Weekly Flows
The channel brought in approximately $118M in net inflows this week. The Equity: Specialty – Long | Short category led with $60M in inflows (on $4.4B in AUM), closely followed by Equity: Specialty – Hedged with $58M (on $10.78B in AUM). Both categories showed positive momentum, contributing to the overall channel growth.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Equity: Specialty – Long | Short | 26 | $4.4B | $60M | $319M | $599M | $439M | $843M |
| Equity: Specialty – Hedged | 49 | $10.78B | $58M | $273M | $773M | $389M | $2,508M |
Top & Bottom 5 ETFs by 5-Day Flow
The ORR (Militia Long/Short Equity ETF) dominated inflows for the week, gathering $58M. Conversely, the GTPE (Goldman Sachs MSCI World Private Equity Return Tracker ETF) and the HOLA (JPMorgan International Hedged Equity Laddered Overlay ETF) saw the largest outflows, shedding -$5M and -$3M respectively.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| ORR | Militia Long/Short Equity ETF | $58M |
| HELO | JPMorgan Hedged Equity Laddered Overlay ETF | $32M |
| FHEQ | Fidelity Hedged Equity ETF | $7M |
| MSTB | LHA Market State Tactical Beta ETF | $7M |
| HEQT | Simplify Hedged Equity ETF | $5M |
| Outflows | ||
| GTPE | Goldman Sachs MSCI World Private Equity Return Tracker ETF | -$5M |
| HOLA | JPMorgan International Hedged Equity Laddered Overlay ETF | -$3M |
| LBAY | Leatherback Long/Short Alternative Yield ETF | -$2M |
| EHLS | Even Herd Long Short ETF | -$2M |
| SWAN | Amplify BlackSwan Growth & Treasury Core ETF | -$1M |
Issuer League Table Update
JPMorgan remains the clear market share leader, commanding roughly 27% of the channel’s assets ($4.12B), followed by First Trust at 14.13%. Militia topped the weekly flow charts with $58M in new assets, while Goldman Sachs experienced the largest issuer-level outflows at -$5M.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| JPMorgan | 3 | $4.12B | 26.97% |
| First Trust | 1 | $2.16B | 14.13% |
| Fidelity | 2 | $0.85B | 5.55% |
| Simplify | 5 | $0.66B | 4.32% |
| Swan | 1 | $0.62B | 4.06% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| Militia | $58M |
| JPMorgan | $29M |
| Fidelity | $7M |
| Outflows | |
| Goldman Sachs | -$5M |
| ProShares | -$3M |
| Leatherback | -$2M |
For a deeper dive into these trends, access our FREE, in-depth 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.
