Weekly Channel Summary
The EQ: Specialty channel currently manages $15.4 billion in total Assets Under Management (AUM) across 79 ETFs offered by 54 distinct issuers. Over the past week, the channel attracted a net positive flow of $42 million. This short-term accumulation builds on steady longer-term momentum, with Year-to-Date (YTD) flows totaling $1.16 billion and 1-year trailing flows standing at a robust $3.51 billion.
This Week’s Performance Leaders and Laggards
Both primary categories within the EQ: Specialty channel saw minor pullbacks this week. The Equity: Specialty – Long | Short category performed best with a Week-to-Date (WTD) return of -1.10%, allowing it to maintain a positive 0.75% YTD gain. The primary lagging category was Equity: Specialty – Hedged, which declined 1.28% WTD, bringing its YTD performance down to -1.40%.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Equity: Specialty – Long | Short | -1.10% | -1.85% | 0.82% | 2.51% | 0.75% | 12.17% |
| Equity: Specialty – Hedged | -1.28% | -2.34% | -1.33% | 1.55% | -1.40% | 15.66% |
Top & Bottom 5 ETFs by Weekly Performance
The single best-performing ETF for the week was the TradersAI Large Cap Equity & Cash ETF (HFSP), which surged 3.09%. Conversely, the worst-performing ETFs were the NEOS Long/Short Equity Income ETF (NLSI) and the Simplify VettaFi Private Credit Strategy ETF (PCR), which fell 4.55% and 3.61% respectively.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| HFSP | TradersAI Large Cap Equity & Cash ETF | 3.09% |
| AINT | FINQ DOLLAR NEUTRAL U.S. Large Cap AI-Managed Equity ETF | 0.89% |
| CLSE | Convergence Long/Short Equity ETF | 0.82% |
| QBER | TrueShares Quarterly Bear Hedge ETF | 0.15% |
| EMPB | Efficient Market Portfolio Plus ETF Trust Units | 0.07% |
| Bottom Performers | ||
| NLSI | NEOS Long/Short Equity Income ETF | -4.55% |
| PCR | Simplify VettaFi Private Credit Strategy ETF | -3.61% |
| HFEQ | Unlimited HFEQ Equity Long/Short ETF | -2.68% |
| UPSD | Aptus Large Cap Upside ETF | -2.65% |
| XVOL | Acruence Active Hedge U.S. Equity ETF | -2.50% |
Analyzing the Weekly Flows
Net flows for the channel totaled $42 million this week. The Equity: Specialty – Long | Short category attracted the most capital with $24 million in inflows, increasing its AUM to $4.6 billion. The Equity: Specialty – Hedged category also saw positive movement, pulling in $18 million. Despite these broad positive numbers, there was individual fund turbulence—specifically, the TrueShares Quarterly Bear Hedge ETF (QBER) saw the largest net outflows across the channel.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Equity: Specialty – Long | Short | 27 | $4.6B | $24M | $212M | $719M | $654M | $1,015M |
| Equity: Specialty – Hedged | 52 | $10.8B | $18M | $120M | $857M | $507M | $2,495M |
Top & Bottom 5 ETFs by 5-Day Flow
At the product level, the JPMorgan Hedged Equity Laddered Overlay ETF (HELO) led all inflows by securing $36 million. The heaviest pressure was felt by the TrueShares Quarterly Bear Hedge ETF (QBER) and the Militia Long/Short Equity ETF (ORR), which experienced outflows of $28 million and $13 million, respectively.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| HELO | JPMorgan Hedged Equity Laddered Overlay ETF | $36M |
| BTAL | AGF U.S. Market Neutral Anti-Beta Fund | $35M |
| KSPY | KraneShares Hedgeye Hedged Equity Index ETF | $11M |
| IALT | iShares Systematic Alternatives Active ETF | $9M |
| CAOS | Alpha Architect Tail Risk ETF | $7M |
| Outflows | ||
| QBER | TrueShares Quarterly Bear Hedge ETF | -$28M |
| ORR | Militia Long/Short Equity ETF | -$13M |
| SPD | Simplify US Equity PLUS Downside Convexity ETF | -$7M |
| PRAE | PlanRock Alternative Growth ETF | -$6M |
| HOLA | JPMorgan International Hedged Equity Laddered Overlay ETF | -$5M |
Issuer League Table Update
JPMorgan remains the dominant issuer in this space, claiming a 26.82% market share, with First Trust trailing in second place at 13.90%. Analyzing short-term asset gathering, AGF proved to be the top issuer by net new money, recording an impressive $35 million in 5-day inflows. On the other end of the spectrum, TrueShares recorded the channel’s largest outflows over the same period, shedding $27 million.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| JPMorgan | 3 | $4.13B | 26.82% |
| First Trust | 1 | $2.14B | 13.90% |
| Fidelity | 2 | $0.85B | 5.50% |
| Alpha Architect | 2 | $0.64B | 4.14% |
| Simplify | 5 | $0.63B | 4.08% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| AGF | $35M |
| JPMorgan | $31M |
| KraneShares | $11M |
| Outflows | |
| TrueShares | -$27M |
| Militia | -$13M |
| Hedgeye | -$6M |
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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.
