Weekly Channel Summary
The Equity Specialty channel, comprising 69 ETFs from 50 different issuers, currently holds a total of $12.8 billion in Assets Under Management. The channel experienced net outflows of $35 million over the past week. Despite the recent outflows, the year-to-date flows remain positive at $2.24 billion, and the channel has attracted a total of $3.29 billion over the past year.
This Week’s Performance Leaders and Laggards
The Equity: Specialty – Long | Short category led performance this week with a modest gain of 0.17%, contributing to its year-to-date return of 7.58%. In contrast, the Equity: Specialty – Hedged category was the primary laggard, posting a weekly loss of 0.10%, though it maintains a strong year-to-date performance of 10.00%.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Equity: Specialty – Long | Short | 0.17% | 4.28% | 6.18% | 11.39% | 7.58% | 8.38% |
| Equity: Specialty – Hedged | -0.10% | 2.46% | 6.08% | 11.89% | 10.00% | 10.16% |
Top & Bottom 5 ETFs by Weekly Performance
The standout performer this week was the Formidable ETF (FORH), which surged with a 5.96% return. On the other end of the spectrum, the DailyDelta Q100 Upside Option Strategy ETF (QUP) was the worst performer with a -3.74% loss, followed closely by the ProShares Long Online/Short Stores ETF (CLIX), which fell by -1.65%.
| Top Performers | ||
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| FORH | Formidable ETF | 5.96% |
| ELON | Battleshares TSLA vs F ETF | 3.00% |
| BTAL | AGF U.S. Market Neutral Anti-Beta Fund | 2.29% |
| LBAY | Leatherback Long/Short Alternative Yield ETF | 1.99% |
| QDWN | DailyDelta Q100 Downside Option Strategy ETF | 1.93% |
| Bottom Performers | ||
| QUP | DailyDelta Q100 Upside Option Strategy ETF | -3.74% |
| CLIX | ProShares Long Online/Short Stores ETF | -1.65% |
| FFLS | Future Fund Long/Short ETF | -1.32% |
| EMPB | Efficient Market Portfolio Plus ETF Trust Units | -1.01% |
| CBLS | Clough Hedged Equity ETF | -0.84% |
Analyzing the Weekly Flows
The channel saw net outflows totaling $35 million this week. The Equity: Specialty – Long | Short category attracted the most capital, with $12 million in new assets. In contrast, the Equity: Specialty – Hedged category, which holds the largest AUM at $9.2 billion, experienced the most significant outflows, shedding $47 million over the past five days.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Equity: Specialty – Long | Short | 19 | $3.6B | $12M | ($5M) | $66M | $340M | $490M |
| Equity: Specialty – Hedged | 50 | $9.2B | ($47M) | $163M | $514M | $1,899M | $2,805M |
Top & Bottom 5 ETFs by 5-Day Flow
The Alpha Architect Tail Risk ETF (CAOS) led all individual ETFs, gathering $11 million in new assets. On the flip side, the JPMorgan Hedged Equity Laddered Overlay ETF (HELO) saw the largest outflow at $70 million, followed by the Core Alternative ETF (CCOR), which had outflows of $3 million.
| Inflows | ||
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| CAOS | Alpha Architect Tail Risk ETF | $11M |
| FHEQ | Fidelity Hedged Equity ETF | $10M |
| FTLS | First Trust Long/Short Equity ETF | $3M |
| HEGD | Swan Hedged Equity US Large Cap ETF | $3M |
| BTAL | AGF U.S. Market Neutral Anti-Beta Fund | $3M |
| Outflows | ||
| HELO | JPMorgan Hedged Equity Laddered Overlay ETF | ($70M) |
| CCOR | Core Alternative ETF | ($3M) |
| HEQT | Simplify Hedged Equity ETF | ($2M) |
| SPUC | Simplify US Equity PLUS Upside Convexity ETF | ($1M) |
| PRAE | PlanRock Alternative Growth ETF | ($1M) |
Issuer League Table Update
JPMorgan and First Trust continue to dominate the issuer landscape, holding 28.52% and 15.56% of the market share, respectively. This week, Alpha Architect was the top asset gatherer, bringing in $11 million. Among the top issuers, JPMorgan experienced the largest outflows, with $70 million exiting their products.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| JPMorgan | 3 | $3.65B | 28.52% |
| First Trust | 1 | $1.99B | 15.56% |
| Simplify | 4 | $0.59B | 4.63% |
| Alpha Architect | 2 | $0.54B | 4.24% |
| Fidelity | 2 | $0.54B | 4.21% |
Top & Bottom 3 Issuers by 5-Day Flow
| Inflows | |
| Brand | 5-Day Flow |
|---|---|
| Alpha Architect | $11M |
| Fidelity | $10M |
| First Trust | $3M |
| Outflows | |
| JPMorgan | ($70M) |
| Core Alternative | ($3M) |
| Simplify | ($3M) |
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.
