Weekly Channel Summary
The EQ: Specialty channel currently oversees $16.3B in total Assets Under Management (AUM) across 79 ETFs, managed by 54 different issuers. The channel experienced positive momentum this past week, capturing $129M in net inflows. This weekly growth adds to a strong longer-term trajectory, with year-to-date (YTD) flows sitting at $1.31B and 1-year net flows reaching a robust $2.95B.
This Week’s Performance Leaders and Laggards
Both categories within the specialty channel posted solid positive returns this week. The Equity: Specialty – Hedged category led the pack, returning 1.57% for the week and bringing its YTD performance to 5.59%. The Equity: Specialty – Long | Short category slightly lagged its hedged counterpart for the week at 1.42%, though it maintains a slightly higher YTD return of 6.04%.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Equity: Specialty – Hedged | 1.57% | 5.80% | 3.99% | 6.90% | 5.59% | 20.55% |
| Equity: Specialty – Long | Short | 1.42% | 3.54% | 3.72% | 6.80% | 6.04% | 16.00% |
Top & Bottom 5 ETFs by Weekly Performance
Drilling down into individual funds, the FINQ DOLLAR NEUTRAL U.S. Large Cap Al-Managed Equity ETF (AINT) was the standout leader, gaining 5.93% over the past week. Conversely, the deepest declines were felt by the AGF U.S. Market Neutral Anti-Beta Fund (BTAL) and the Simplify VettaFi Private Credit Strategy ETF (PCR), falling 3.13% and 3.12%, respectively.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| AINT | FINQ DOLLAR NEUTRAL U.S. Large Cap Al-Managed Equity ETF | 5.93% |
| QTR | Global X NASDAQ 100 Tail Risk ETF | 5.42% |
| MEMA | Man Active Emerging Markets Alternative ETF | 5.34% |
| CLSE | Convergence Long/Short Equity ETF | 5.05% |
| MSTQ | LHA Market State Tactical Q ETF | 5.00% |
| Bottom Performers | ||
| BTAL | AGF U.S. Market Neutral Anti-Beta Fund | -3.13% |
| PCR | Simplify VettaFi Private Credit Strategy ETF | -3.12% |
| CCOR | Core Alternative ETF | -1.74% |
| HFSP | TradersAl Large Cap Equity & Cash ETF | -1.44% |
| VAMO | Cambria Value & Momentum ETF | -1.25% |
Analyzing the Weekly Flows
The specialty channel saw an influx of $129M over the past five trading days. The Equity: Specialty – Hedged category, which accounts for the lion’s share of the channel at $11.3B AUM, received the majority of the interest with $73M in net creations. Its counterpart, the Equity: Specialty – Long | Short category, was not far behind, gathering $57M in net inflows, meaning both top-level categories experienced positive overall demand.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Equity: Specialty – Hedged | 52 | $11.3B | $73M | ($10M) | $128M | $460M | $1,886M |
| Equity: Specialty – Long | Short | 27 | $5.0B | $57M | $174M | $470M | $850M | $1,062M |
Top & Bottom 5 ETFs by 5-Day Flow
At the fund level, the iShares Systematic Alternatives Active ETF (IALT) attracted the most significant fresh capital this week with $45M in inflows. On the outflow side, investors primarily withdrew capital from the Cambria Value & Momentum ETF (VAMO) and the Simplify US Equity PLUS Upside Convexity ETF (SPUC), leading to net redemptions of $33M and $17M respectively.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| IALT | iShares Systematic Alternatives Active ETF | $45M |
| HELO | JPMorgan Hedged Equity Laddered Overlay ETF | $42M |
| CTEF | Castellan Targeted Equity ETF | $28M |
| CLSE | Convergence Long/Short Equity ETF | $24M |
| CAOS | Alpha Architect Tail Risk ETF | $9M |
| Outflows | ||
| VAMO | Cambria Value & Momentum ETF | ($33M) |
| SPUC | Simplify US Equity PLUS Upside Convexity ETF | ($17M) |
| BTAL | AGF U.S. Market Neutral Anti-Beta Fund | ($7M) |
| SPD | Simplify US Equity PLUS Downside Convexity ETF | ($5M) |
| ORR | Militia Long/Short Equity ETF | ($4M) |
Issuer League Table Update
JPMorgan remains the undisputed heavyweight in the specialty channel, capturing 26.89% of market share by AUM, followed by First Trust at 14.12%. For the most recent week, iShares gathered the largest share of new assets among issuers ($45M), while Cambria experienced the heaviest net outflows (-$33M) across its lineup.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| JPMorgan | 3 | $4.38B | 26.89% |
| First Trust | 1 | $2.30B | 14.12% |
| Fidelity | 2 | $0.87B | 5.35% |
| Alpha Architect | 2 | $0.68B | 4.17% |
| Swan | 1 | $0.67B | 4.13% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| iShares | $45M |
| JPMorgan | $42M |
| Castellan | $28M |
| Outflows | |
| Cambria | -$33M |
| Simplify | -$18M |
| AGF | -$7M |
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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.
