Weekly Channel Summary
The EQ: Specialty channel encompasses 79 ETFs across 54 unique brands, managing a combined $15.6 billion in Assets Under Management (AUM). Flow activity remained positive this week, with the channel bringing in $44 million in net new assets over the past five days. This steady short-term momentum builds on longer-term interest, lifting Year-to-Date (YTD) inflows to $1.12 billion and trailing one-year flows to an impressive $3.50 billion.
This Week’s Performance Leaders and Laggards
Both underlying categories within the Specialty channel experienced a slight pullback this week. The Equity: Specialty – Hedged category performed relatively better, though still in the red, with a -1.70% Week-to-Date (WTD) return. The Equity: Specialty – Long | Short category lagged slightly with a -1.85% WTD drop. Despite recent struggles, the Long | Short segment maintains a positive 2.61% YTD return.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Equity: Specialty – Hedged | -1.70% | -1.71% | -0.43% | 4.28% | -0.11% | 14.09% |
| Equity: Specialty – Long | Short | -1.85% | -1.02% | 3.26% | 5.28% | 2.61% | 10.42% |
Top & Bottom 5 ETFs by Weekly Performance
Looking at specific products, the SHRT (Gotham Short Strategies ETF) achieved the best performance with a 5.92% gain on the week. Conversely, the deepest pullbacks were felt by HELS (Hedgeye 130/30 Equity ETF) and CTEF (Castellan Targeted Equity ETF), plunging -7.09% and -6.88% respectively.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| SHRT | Gotham Short Strategies ETF | 5.92% |
| AINT | FINQ DOLLAR NEUTRAL U.S. Large Cap AI-Managed Equity ETF | 4.58% |
| NLSI | NEOS Long/Short Equity Income ETF | 3.94% |
| BTAL | AGF U.S. Market Neutral Anti-Beta Fund | 3.62% |
| HFSP | TradersAI Large Cap Equity & Cash ETF | 2.95% |
| Bottom Performers | ||
| HELS | Hedgeye 130/30 Equity ETF | -7.09% |
| CTEF | Castellan Targeted Equity ETF | -6.88% |
| AAVM | Alpha Architect Global Factor Equity ETF | -6.69% |
| LSEQ | Harbor Long-Short Equity ETF | -6.64% |
| MEMA | Man Active Emerging Markets Alternative ETF | -6.57% |
Analyzing the Weekly Flows
The overall channel netted positive inflows totaling $44 million. The clear leader in capital gathering was the Equity: Specialty – Long | Short category, attracting $52 million across its $4.6 billion base. On the other hand, the much larger Equity: Specialty – Hedged category (which boasts $11.0 billion in AUM) failed to find traction and leaked $8 million to net outflows.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Equity: Specialty – Long | Short | 27 | $4.6B | $52M | $249M | $701M | $629M | $974M |
| Equity: Specialty – Hedged | 52 | $11.0B | -$8M | $158M | $860M | $489M | $2,523M |
Top & Bottom 5 ETFs by 5-Day Flow
Drilling into the individual fund level, HELO (JPMorgan Hedged Equity Laddered Overlay ETF) took the crown with $37 million in fresh cash over the past week. Suffering the sharpest redemptions were TOS (Twin Oak Strategic Solutions ETF) and PRAE (PlanRock Alternative Growth ETF), which logged outflows of $39 million and $26 million respectively.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| HELO | JPMorgan Hedged Equity Laddered Overlay ETF | $37M |
| ORR | Militia Long/Short Equity ETF | $32M |
| CAOS | Alpha Architect Tail Risk ETF | $17M |
| FHEQ | Fidelity Hedged Equity ETF | $15M |
| HEFT | Hedgeye Fourth Turning ETF | $9M |
| Outflows | ||
| TOS | Twin Oak Strategic Solutions ETF | -$39M |
| PRAE | PlanRock Alternative Growth ETF | -$26M |
| PHEQ | Parametric Hedged Equity ETF | -$6M |
| HEGD | Swan Hedged Equity US Large Cap ETF | -$6M |
| HEQT | Simplify Hedged Equity ETF | -$5M |
Issuer League Table Update
JPMorgan dominates the specialty space, holding the top market share position at 26.75%, distantly trailed by First Trust at 13.92%. The momentum firmly belonged to JPMorgan this week as they captured $37 million in fresh assets. Conversely, Twin Oak felt the heaviest redemption pressure, logging outflows of $38 million.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| JPMorgan | 3 | $4.17B | 26.75% |
| First Trust | 1 | $2.17B | 13.92% |
| Fidelity | 2 | $0.87B | 5.55% |
| Simplify | 5 | $0.64B | 4.13% |
| Alpha Architect | 2 | $0.63B | 4.04% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| JPMorgan | $37M |
| Militia | $32M |
| Alpha Architect | $17M |
| Outflows | |
| Twin Oak | -$38M |
| PlanRock | -$26M |
| Parametric | -$6M |
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.
