Weekly Channel Summary
The EQ: Specialty channel, currently composed of 79 ETFs managed across 54 issuers, holds $15.2 billion in total assets under management. Over the past week, the space experienced modest net outflows totaling -$34 million. Despite the recent weekly dip, the specialty channel maintains strong capital gathering momentum over longer periods, having accumulated $1.09 billion in net inflows year-to-date and $3.35 billion over the past year.
This Week’s Performance Leaders and Laggards
Both categories within the specialty channel posted positive returns this week, led by Equity: Specialty – Hedged, which gained 1.99%. Despite a strong week, the Hedged category remains down -2.16% year-to-date. The Equity: Specialty – Long | Short category trailed slightly with a 1.74% week-to-date return but leads the year-to-date time frame in positive territory at 1.49%.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Equity: Specialty – Hedged | 1.99% | -3.71% | -2.34% | -1.11% | -2.16% | 12.80% |
| Equity: Specialty – Long | Short | 1.74% | -2.15% | 1.04% | 2.03% | 1.49% | 11.73% |
Top & Bottom 5 ETFs by Weekly Performance
Looking at individual products, the PCR (Simplify VettaFi Private Credit Strategy ETF) was the top performer, surging 4.98% for the week. On the downside, the HFSP (TradersAI Large Cap Equity & Cash ETF) and the CBLS (Clough Hedged Equity ETF) experienced the steepest declines, falling -2.46% and -1.23% respectively.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| PCR | Simplify VettaFi Private Credit Strategy ETF | 4.98% |
| AEMS | Anfield Enhanced Market ETF | 4.64% |
| HBTA | Horizon Expedition Plus ETF | 4.59% |
| WTLS | WisdomTree Efficient Long/Short U.S. Equity Fund | 4.49% |
| GTPE | Goldman Sachs MSCI World Private Equity Return Tracker ETF | 4.21% |
| Bottom Performers | ||
| HFSP | TradersAI Large Cap Equity & Cash ETF | -2.46% |
| CBLS | Clough Hedged Equity ETF | -1.23% |
| QBER | TrueShares Quarterly Bear Hedge ETF | -0.98% |
| BTAL | AGF U.S. Market Neutral Anti-Beta Fund | -0.95% |
| SHRT | Gotham Short Strategies ETF | -0.76% |
Analyzing the Weekly Flows
The specialty channel saw a total net outflow of -$34 million this week. The Equity: Specialty – Long | Short category brought in the most new capital, adding $21 million to its $4.6 billion total asset base. Conversely, the Equity: Specialty – Hedged category faced the largest outflows, shedding -$55 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 | 27 | $4.6B | $21M | $68M | $664M | $669M | $931M |
| Equity: Specialty – Hedged | 52 | $10.6B | -$55M | -$68M | $416M | $425M | $2,422M |
Top & Bottom 5 ETFs by 5-Day Flow
The HEFT (Hedgeye Fourth Turning ETF) led all individual funds in capital gathering, pulling in an impressive $26 million in net inflows. On the other end of the spectrum, the FHEQ (Fidelity Hedged Equity ETF) and the QBER (TrueShares Quarterly Bear Hedge ETF) experienced the largest redemptions, losing -$73 million and -$21 million respectively.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| HEFT | Hedgeye Fourth Turning ETF | $26M |
| CLSE | Convergence Long/Short Equity ETF | $16M |
| HELO | JPMorgan Hedged Equity Laddered Overlay ETF | $14M |
| HEGD | Swan Hedged Equity US Large Cap ETF | $12M |
| FTLS | First Trust Long/Short Equity ETF | $10M |
| Outflows | ||
| FHEQ | Fidelity Hedged Equity ETF | -$73M |
| QBER | TrueShares Quarterly Bear Hedge ETF | -$21M |
| BTAL | AGF U.S. Market Neutral Anti-Beta Fund | -$21M |
| ORR | Militia Long/Short Equity ETF | -$20M |
| HEQT | Simplify Hedged Equity ETF | -$17M |
Issuer League Table Update
JPMorgan continues to dominate the specialty ETF space with a 26.86% market share, followed distantly by First Trust at 14.30%. This week, Hedgeye led all issuers in overall asset gathering with $26 million in net inflows, while Fidelity faced the heaviest outflows, losing -$74 million from its specialty lineup.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| JPMorgan | 3 | $4.08B | 26.86% |
| First Trust | 1 | $2.17B | 14.30% |
| Fidelity | 2 | $0.76B | 5.01% |
| Alpha Architect | 2 | $0.69B | 4.53% |
| Swan | 1 | $0.61B | 4.05% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| Hedgeye | $26M |
| JPMorgan | $20M |
| Convergence | $16M |
| Outflows | |
| Fidelity | -$74M |
| AGF | -$21M |
| Militia | -$20M |
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.
