This Week’s Performance Leaders and Laggards
Specialty equity categories posted positive results this week, led by the Equity: Specialty – Hedged category, which returned 0.31% Week-to-Date (WTD). The Equity: Specialty – Long | Short category followed closely with a 0.24% gain. While both categories are performing well in the short term, the Long | Short segment remains the performance leader for the year, currently sitting at 4.21% YTD compared to 3.24% for Hedged strategies.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Equity: Specialty – Hedged | 0.31% | 5.82% | 1.86% | 3.40% | 3.24% | 20.09% |
| Equity: Specialty – Long | Short | 0.24% | 3.92% | 1.68% | 5.12% | 4.21% | 16.35% |
Top & Bottom 5 ETFs by Weekly Performance
Leading the pack this week was the AINT (FINQ DOLLAR NEUTRAL U.S. Large Cap AI-Managed Equity ETF) with a sharp 4.93% return. Conversely, the SHRT (Gotham Short Strategies ETF) was the primary laggard, declining -3.21% for the week, followed by PCR (Simplify VettaFi Private Credit Strategy ETF) at -2.74%.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| AINT | FINQ DOLLAR NEUTRAL U.S. Large Cap AI-Managed Equity ETF | 4.93% |
| QTR | Global X NASDAQ 100 Tail Risk ETF | 2.30% |
| QGRD | Horizon Nasdaq-100 Defined Risk ETF | 2.20% |
| MSTQ | LHA Market State Tactical Q ETF | 2.19% |
| HELS | Hedgeye 130/30 Equity ETF | 2.12% |
| Bottom Performers | ||
| SHRT | Gotham Short Strategies ETF | -3.21% |
| PCR | Simplify VettaFi Private Credit Strategy ETF | -2.74% |
| ISWN | Amplify BlackSwan ISWN ETF | -2.45% |
| BTAL | AGF U.S. Market Neutral Anti-Beta Fund | -1.80% |
| AAVM | Alpha Architect Global Factor Equity ETF | -1.65% |
Analyzing the Weekly Flows
The EQ: Specialty channel pulled in $30 million in net flows this week. The Equity: Specialty – Hedged category was the clear winner, attracting $38 million in new assets, bringing its total AUM to $11.2 billion. This offset a minor pull-back in the Equity: Specialty – Long | Short category, which saw outflows of $8 million during the 5-day period.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Equity: Specialty – Hedged | 51 | $11.2B | $38M | $6M | $252M | $499M | $2,062M |
| Equity: Specialty – Long | Short | 27 | $4.8B | ($8M) | $89M | $486M | $743M | $985M |
Top & Bottom 5 ETFs by 5-Day Flow
In terms of individual product flows, the CLSE (Convergence Long/Short Equity ETF) led the way with $17 million in weekly inflows. On the other end of the spectrum, BTAL (AGF U.S. Market Neutral Anti-Beta Fund) saw the largest redemption of $23 million, while ORR (Militia Long/Short Equity ETF) shed $7 million.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| CLSE | Convergence Long/Short Equity ETF | $17M |
| HELO | JPMorgan Hedged Equity Laddered Overlay ETF | $15M |
| HEGD | Swan Hedged Equity US Large Cap ETF | $7M |
| PHEQ | Parametric Hedged Equity ETF | $7M |
| IALT | iShares Systematic Alternatives Active ETF | $7M |
| Outflows | ||
| BTAL | AGF U.S. Market Neutral Anti-Beta Fund | ($23M) |
| ORR | Militia Long/Short Equity ETF | ($7M) |
| WTLS | WisdomTree Efficient Long/Short U.S. Equity Fund | ($4M) |
| CAOS | Alpha Architect Tail Risk ETF | ($4M) |
| HEFT | Hedgeye Fourth Turning ETF | ($3M) |
Issuer League Table Update
JPMorgan maintains its dominant position in the specialty landscape with a 26.80% market share ($4.30B AUM), followed by First Trust at 13.99% ($2.24B AUM). Convergence was the most successful brand in terms of weekly inflows, gathering $17 million, while AGF saw the largest weekly outflow among top issuers at $23 million.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| JPMorgan | 3 | $4.30B | 26.80% |
| First Trust | 1 | $2.24B | 13.99% |
| Fidelity | 2 | $0.83B | 5.15% |
| Alpha Architect | 2 | $0.67B | 4.20% |
| Swan | 1 | $0.66B | 4.10% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| Convergence | $17M |
| JPMorgan | $15M |
| Swan | $7M |
| Outflows | |
| AGF | ($23M) |
| Militia | ($7M) |
| WisdomTree | ($4M) |
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.
