Weekly Channel Summary
The Equity Specialty channel, comprising 70 ETFs from 50 issuers, currently holds a total of $13.2 billion in Assets Under Management (AUM). The channel experienced positive inflows this past week, attracting a net total of $174 million. This continues a strong trend, with Year-to-Date (YTD) flows reaching $2.47 billion and total flows over the past year standing at $3.46 billion.
This Week’s Performance Leaders and Laggards
It was a challenging week for the Equity Specialty channel, with both major categories posting negative returns. The Equity: Specialty – Long | Short category performed slightly better with a Week-to-Date (WTD) return of -1.51%, bringing its YTD performance to 4.53%. The larger Equity: Specialty – Hedged category lagged, posting a WTD return of -1.59%, though it maintains a healthier YTD return of 9.30%.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Equity: Specialty – Long | Short | -1.51% | -0.46% | 1.74% | 9.18% | 4.53% | 4.89% |
| Equity: Specialty – Hedged | -1.59% | 0.64% | 3.84% | 15.92% | 9.30% | 8.81% |
Top & Bottom 5 ETFs by Weekly Performance
On the individual ETF level, the standout performer was the DailyDelta Q100 Downside Option Strategy ETF (QDWN), which bucked the negative trend with a remarkable 7.38% gain for the week. On the other end of the spectrum, the Unlimited HFEQ Equity Long/Short ETF (HFEQ) was the worst performer with a -5.59% return, followed closely by the Castellan Targeted Equity ETF (CTEF) which dropped by -4.60%.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| QDWN | DailyDelta Q100 Downside Option Strategy ETF | 7.38% |
| FORH | Formidable ETF | 2.16% |
| BTAL | AGF U.S. Market Neutral Anti-Beta Fund | 1.92% |
| SHRT | Gotham Short Strategies ETF | 1.71% |
| EHLS | Even Herd Long Short ETF | 0.96% |
| Bottom Performers | ||
| FFLS | Future Fund Long/Short ETF | -3.32% |
| AAVM | Alpha Architect Global Factor Equity ETF | -3.54% |
| EMPB | Efficient Market Portfolio Plus ETF Trust Units | -3.55% |
| SPUC | Simplify US Equity PLUS Upside Convexity ETF | -3.70% |
| CTEF | Castellan Targeted Equity ETF | -4.60% |
| HFEQ | Unlimited HFEQ Equity Long/Short ETF | -5.59% |
Analyzing the Weekly Flows
The channel saw net inflows of $174 million over the past five days. The vast majority of these flows were directed into the Equity: Specialty – Hedged category, which gathered $158 million and now commands $9.6 billion in AUM. The Equity: Specialty – Long | Short category also saw modest inflows of $16 million. Notably, there were no categories with significant outflows this week.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Equity: Specialty – Hedged | 50 | $9.6B | $158M | $274M | $676M | $2,122M | $2,941M |
| Equity: Specialty – Long | Short | 18 | $3.6B | $16M | $20M | $43M | $352M | $516M |
Top & Bottom 5 ETFs by 5-Day Flow
The Amplify BlackSwan Growth & Treasury Core ETF (SWAN) was the clear leader in asset gathering this week, pulling in an impressive $96 million. On the outflows side, the Toews Agility Shares Managed Risk ETF (MRSK) saw the largest redemption of $9 million, while the ProShares Large Cap Core Plus (CSM) shed $2 million.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| SWAN | Amplify BlackSwan Growth & Treasury Core ETF | $96M |
| HELO | JPMorgan Hedged Equity Laddered Overlay ETF | $33M |
| CAOS | Alpha Architect Tail Risk ETF | $13M |
| BTAL | AGF U.S. Market Neutral Anti-Beta Fund | $11M |
| HEGD | Swan Hedged Equity US Large Cap ETF | $9M |
| Outflows | ||
| DFND | Siren DIVCON Dividend Defender ETF | ($1M) |
| LBAY | Leatherback Long/Short Alternative Yield ETF | ($1M) |
| CSM | ProShares Large Cap Core Plus | ($2M) |
| SHUS | Stratified LargeCap Hedged ETF | ($2M) |
| MRSK | Toews Agility Shares Managed Risk ETF | ($9M) |
Issuer League Table Update
JPMorgan continues to dominate the Equity Specialty channel with a 28.31% market share, followed by First Trust at 15.23%. This week’s flow leader was Amplify, which brought in $96 million. Among the top issuers, ProShares experienced the largest outflows, with a net redemption of $2 million.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| JPMorgan | 3 | $3.73B | 28.31% |
| First Trust | 1 | $2.01B | 15.23% |
| Simplify | 5 | $0.61B | 4.60% |
| Fidelity | 2 | $0.56B | 4.27% |
| Alpha Architect | 2 | $0.56B | 4.22% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| Amplify | $96M |
| JPMorgan | $33M |
| Alpha Architect | $13M |
| Outflows | |
| Siren | -$1M |
| ProShares | -$2M |
| Toews | -$9M |
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.
