Weekly Channel Summary
The Synthetic Income ETF channel continues to demonstrate significant scale and steady growth. Across the landscape, there are now 341 ETFs managed by 65 distinct issuers, commanding a massive $178B in total Assets Under Management (AUM). Flow activity remains highly positive, with the channel attracting $1.54B in net new money over the past 5 days alone. Looking at longer-term trends, the segment has gathered $11.08B year-to-date and an impressive $70.65B over the trailing 1-year period.
This Week’s Performance Leaders and Laggards
Performance across the Synthetic Income channel showed meaningful divergence this week, heavily influenced by underlying asset class dynamics. Commodities and broad market equities generally provided positive momentum, while cryptocurrency-linked income strategies faced notable headwinds.
Top & Bottom 5 ETFs by Weekly Performance
The Kurv Silver Enhanced Income ETF (KSLV) was the strongest performer this week with a robust gain of 10.31%. Conversely, crypto-focused funds faced the steepest declines; the Amplify Ethereum Max Income Covered Call ETF (EHY) and the Amplify Ethereum 3% Monthly Option Income ETF (ETTY) were the biggest laggards, dropping -17.69% and -13.85%, respectively.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| KSLV | Kurv Silver Enhanced Income ETF | 10.31% |
| SLJY | Amplify SILJ Covered Call ETF | 5.87% |
| USOY | Defiance Oil Enhanced Options Income ETF | 5.38% |
| FIVY | YieldMax Dorsey Wright Hybrid 5 Income ETF | 4.59% |
| FEAT | YieldMax Dorsey Wright Featured 5 Income ETF | 3.94% |
| Bottom Performers | ||
| EHY | Amplify Ethereum Max Income Covered Call ETF | -17.69% |
| ETTY | Amplify Ethereum 3% Monthly Option Income ETF | -13.85% |
| IETH | Bitwise Ethereum Option Income Strategy ETF | -5.36% |
| HAKY | Amplify HACK Cybersecurity Covered Call ETF | -4.55% |
| XRPM | Amplify XRP 3% Monthly Premium Income ETF | -4.26% |
Analyzing the Weekly Flows
The Synthetic Income space brought in a net total of $1.54B this week, heavily driven by equity-linked strategies. The Synthetic Income – Equity category easily led the charge, pulling in $1,413M into its massive $160.75B AUM base. Synthetic Income – Commodity also saw notable interest, attracting $82M. On the other end of the spectrum, Synthetic Income – Single Stock experienced the largest outflows among categories, shedding -$17M over the past five days.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Synthetic Income – Equity | 172 | $160,749M | $1,413M | $7,081M | $17,126M | $10,765M | $53,086M |
| Synthetic Income – Commodity | 12 | $2,179M | $82M | $258M | $567M | $363M | $1,201M |
| Synthetic Income – Crypto | 21 | $1,545M | $33M | $152M | $834M | $262M | $2,549M |
| Synthetic Income – Fixed Income | 20 | $4,925M | $27M | $203M | $449M | $230M | $1,712M |
| Synthetic Income – Multi-Asset | 5 | $370M | $1M | $16M | $176M | $163M | $200M |
| Synthetic Income – Single Stock | 102 | $7,793M | -$17M | -$630M | $467M | -$741M | $11,862M |
Top & Bottom 5 ETFs by 5-Day Flow
The NEOS Nasdaq 100 High Income ETF (QQQI) led the pack in absolute terms, gathering an impressive $295M. Meanwhile, the YieldMax Ultra Option Income Strategy ETF (ULTY) and the Roundhill Innovation-100 0DTE Covered Call Strategy ETF (QDTE) led the outflows, shedding -$27M and -$23M, respectively.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| QQQI | NEOS Nasdaq 100 High Income ETF | $295M |
| JEPQ | JPMorgan NASDAQ Equity Premium Income ETF | $218M |
| SPYI | NEOS S&P 500 High Income ETF | $213M |
| JEPI | JPMorgan Equity Premium Income ETF | $119M |
| QYLD | Global X NASDAQ 100 Covered Call ETF | $90M |
| Outflows | ||
| ULTY | YieldMax Ultra Option Income Strategy ETF | -$27M |
| QDTE | Roundhill Innovation-100 0DTE Covered Call Strategy ETF | -$23M |
| MAGY | Roundhill Magnificent Seven Covered Call ETF | -$18M |
| FTQI | First Trust Nasdaq BuyWrite Income ETF | -$16M |
| HIGH | Simplify Enhanced Income ETF | -$11M |
Issuer League Table Update
JPMorgan remains the undisputed heavyweight with a commanding 44.06% market share, followed by fast-growing Neos at 11.86%. Neos was the most successful asset gatherer this week, bringing in an impressive $648M. Notably, none of the top 5 issuers by AUM experienced net outflows over the 5-day period, though YieldMax (the fourth-largest issuer) took in a relatively light $7M and continues to face recent headwinds with a 30-day flow of -$533M. Outside the top 5, Roundhill saw the steepest outflows for the week at -$57M.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| JPMorgan | 3 | $78.26B | 44.06% |
| Neos | 18 | $21.07B | 11.86% |
| Global X | 16 | $13.24B | 7.46% |
| YieldMax | 60 | $9.11B | 5.13% |
| FT Vest | 11 | $8.65B | 4.87% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| Neos | $648M |
| JPMorgan | $336M |
| Amplify | $95M |
| Outflows | |
| Roundhill | -$57M |
| Simplify | -$14M |
| Defiance | -$5M |
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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.
