Weekly Channel Summary
The EQ: Specialty channel currently manages $15.7B in total assets across 79 ETFs from 54 distinct issuers. Over the past week, the space saw positive momentum with $92M in net inflows. This builds on a strong long-term trend, pushing Year-to-Date (YTD) inflows to $1.01B and 1-Year flows to an impressive $3.42B.
This Week’s Performance Leaders and Laggards
This week, the Equity: Specialty – Long | Short category led the way, posting a Week-to-Date (WTD) return of 0.33%, bringing its Year-to-Date (YTD) performance to a solid 4.28%. Conversely, the Equity: Specialty – Hedged category lagged slightly, declining -0.14% WTD, though it remains in positive territory for the year at 1.63%.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Equity: Specialty – Long | Short | 0.33% | 1.18% | 4.54% | 7.94% | 4.28% | 12.07% |
| Equity: Specialty – Hedged | -0.14% | 0.19% | 1.55% | 6.67% | 1.63% | 13.05% |
Top & Bottom 5 ETFs by Weekly Performance
Among individual funds, the Harbor Long-Short Equity ETF (LSEQ) was the standout performer, surging 3.84% WTD. On the other end of the spectrum, the Simplify VettaFi Private Credit Strategy ETF (PCR) and the FINQ DOLLAR NEUTRAL U.S. Large Cap AI-Managed Equity ETF (AINT) experienced the steepest declines, dropping -3.51% and -3.48% respectively.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| LSEQ | Harbor Long-Short Equity ETF | 3.84% |
| MEMA | Man Active Emerging Markets Alternative ETF | 2.41% |
| CLIX | ProShares Long Online/Short Stores ETF | 2.02% |
| NLSI | NEOS Long/Short Equity Income ETF | 1.94% |
| ORR | Militia Long/Short Equity ETF | 1.93% |
| Bottom Performers | ||
| PCR | Simplify VettaFi Private Credit Strategy ETF | -3.51% |
| AINT | FINQ DOLLAR NEUTRAL U.S. Large Cap AI-Managed Equity ETF | -3.48% |
| VAMO | Cambria Value & Momentum ETF | -1.85% |
| CLSE | Convergence Long/Short Equity ETF | -1.22% |
| CTEF | Castellan Targeted Equity ETF | -1.03% |
Analyzing the Weekly Flows
The channel attracted a total of $92M in net new money over the past week. The Equity: Specialty – Long | Short category was the primary driver, pulling in $70M to bring its total AUM to $4.6B. The Equity: Specialty – Hedged category also contributed to the positive flow trend with $22M in new assets. Notably, neither of the channel’s core categories suffered net outflows this week.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Equity: Specialty – Long | Short | 27 | $4.6B | $70M | $272M | $646M | $554M | $887M |
| Equity: Specialty – Hedged | 52 | $11.1B | $22M | $169M | $885M | $456M | $2,536M |
Top & Bottom 5 ETFs by 5-Day Flow
Looking at individual products, the AGF U.S. Market Neutral Anti-Beta Fund (BTAL) dominated the inflows chart, gathering $38M over the five-day period. Meanwhile, the Twin Oak Endure ETF (SPYA) and the Toews Agility Shares Managed Risk ETF (MRSK) experienced the largest redemptions, bleeding -$15M and -$10M in outflows, respectively.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| BTAL | AGF U.S. Market Neutral Anti-Beta Fund | $38M |
| ORR | Militia Long/Short Equity ETF | $14M |
| ONEH | TrueShares Equity Hedge ETF | $13M |
| CAOS | Alpha Architect Tail Risk ETF | $13M |
| HOLA | JPMorgan International Hedged Equity Laddered Overlay ETF | $11M |
| Outflows | ||
| SPYA | Twin Oak Endure ETF | -$15M |
| MRSK | Toews Agility Shares Managed Risk ETF | -$10M |
| QBER | TrueShares Quarterly Bear Hedge ETF | -$8M |
| CSM | ProShares Large Cap Core Plus | -$2M |
| QBUL | TrueShares Quarterly Bull Hedge ETF | -$1M |
Issuer League Table Update
JPMorgan and First Trust currently dominate the market share within the channel, commanding 26.60% and 13.95% of total assets, respectively. When looking at recent capital allocation, AGF led all issuers with $38M in weekly inflows, while Twin Oak faced the heaviest headwinds, shedding -$15M in assets.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| JPMorgan | 3 | $4.17B | 26.60% |
| First Trust | 1 | $2.19B | 13.95% |
| Fidelity | 2 | $0.86B | 5.47% |
| Simplify | 5 | $0.66B | 4.19% |
| Swan | 1 | $0.62B | 3.96% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| AGF | $38M |
| JPMorgan | $18M |
| Militia | $14M |
| Outflows | |
| Twin Oak | -$15M |
| Toews | -$10M |
| ProShares | -$2M |
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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.
