Weekly Channel Summary
The EQ: Specialty channel finished the week with 69 ETFs from 49 issuers, totaling $13.8 billion in assets under management. The channel experienced positive momentum this week, gathering $83 million in net inflows. Year-to-date, the category has seen significant growth, accumulating approximately $2.9 billion in net flows.
This Week’s Performance Leaders and Laggards
Performance was mixed across the channel this week. The Equity: Specialty – Hedged category led the way with a Week-to-Date (WTD) return of 0.24%, bringing its Year-to-Date (YTD) performance to 12.38%. Conversely, the Equity: Specialty – Long | Short category lagged, posting a WTD return of -0.18%, though it remains positive YTD at 7.26%.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Equity: Specialty – Hedged | 0.24% | 0.81% | 4.73% | 11.08% | 12.38% | 8.63% |
| Equity: Specialty – Long | Short | -0.18% | – | 1.42% | 4.72% | 7.26% | 3.51% |
Top & Bottom 5 ETFs by Weekly Performance
The best-performing ETF this week was the KONG (Formidable Fortress ETF), delivering a gain of 1.63%. On the downside, the BTAL (AGF U.S. Market Neutral Anti-Beta Fund) and LSEQ (Harbor Long-Short Equity ETF) struggled the most, declining by -2.55% and -2.46% respectively.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| KONG | Formidable Fortress ETF | 1.63% |
| HFSP | TradersAI Large Cap Equity & Cash ETF | 1.43% |
| SHRT | Gotham Short Strategies ETF | 1.33% |
| MSTQ | LHA Market State Tactical Q ETF | 1.05% |
| EMPB | Efficient Market Portfolio Plus ETF Trust Units | 1.02% |
| Bottom Performers | ||
| EHLS | Even Herd Long Short ETF | -1.00% |
| ORR | Militia Long/Short Equity ETF | -1.64% |
| LBAY | Leatherback Long/Short Alternative Yield ETF | -2.38% |
| LSEQ | Harbor Long-Short Equity ETF | -2.46% |
| BTAL | AGF U.S. Market Neutral Anti-Beta Fund | -2.55% |
Analyzing the Weekly Flows
The EQ: Specialty channel attracted a total of $83 million in net inflows this week. The Equity: Specialty – Hedged category was the primary driver, pulling in $70 million and maintaining the largest asset base at $10.0 billion. The Equity: Specialty – Long | Short category also saw positive movement with $13 million in inflows, and no category within the channel reported net outflows for the week.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Equity: Specialty – Hedged | 49 | $10.0B | $70M | ($13M) | $547M | $2,399M | $2,707M |
| Equity: Specialty – Long | Short | 20 | $3.8B | $13M | $64M | $165M | $496M | $572M |
Top & Bottom 5 ETFs by 5-Day Flow
The HELO (JPMorgan Hedged Equity Laddered Overlay ETF) dominated inflows this week, collecting $61 million. In contrast, the QBER (TrueShares Quarterly Bear Hedge ETF) and PHDG (Invesco S&P 500 Downside Hedged ETF) saw the largest exits, shedding $3 million and $2 million respectively.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| HELO | JPMorgan Hedged Equity Laddered Overlay ETF | $61M |
| FTLS | First Trust Long/Short Equity ETF | $7M |
| CLSE | Convergence Long/Short Equity ETF | $6M |
| QBUL | TrueShares Quarterly Bull Hedge ETF | $5M |
| MSTB | LHA Market State Tactical Beta ETF | $3M |
| Outflows | ||
| AAVM | Alpha Architect Global Factor Equity ETF | $0M |
| SHDG | Soundwatch Hedged Equity ETF | -$1M |
| PHEQ | Parametric Hedged Equity ETF | -$2M |
| PHDG | Invesco S&P 500 Downside Hedged ETF | -$2M |
| QBER | TrueShares Quarterly Bear Hedge ETF | -$3M |
Issuer League Table Update
JPMorgan and First Trust continue to lead the channel by asset size, commanding 27.86% and 15.48% market share respectively. JPMorgan also led the pack in flows this week, gathering $61 million, while Invesco experienced the largest weekly outflows of $2 million.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| JPMorgan | 3 | $3.85B | 27.86% |
| First Trust | 1 | $2.14B | 15.48% |
| Simplify | 5 | $0.65B | 4.70% |
| Fidelity | 2 | $0.63B | 4.58% |
| Swan | 1 | $0.60B | 4.33% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| JPMorgan | $61M |
| First Trust | $7M |
| Convergence | $6M |
| Outflows | |
| SoundWatch Capital | -$1M |
| Parametric | -$2M |
| Invesco | -$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.
