Weekly Channel Summary
The Synthetic Income ETF channel continues to command significant market presence, currently spanning 403 ETFs across 71 distinct issuers. Total Assets Under Management (AUM) for the channel stand at $202.22B. Over the past five trading days, the space attracted $1.70B in net new money, bringing Year-To-Date (YTD) inflows to $33.10B and total 1-Year flows to an impressive $74.30B.
This Week’s Performance Leaders and Laggards
The weekly performance landscape revealed a distinct divergence among thematic and commodity-focused synthetic income strategies. The top-performing individual fund was the Tuttle Capital Space Industry Income Blast ETF (SPCI), which surged 7.17%. On the other end of the spectrum, energy and infrastructure-linked strategies faced strong headwinds. The two worst-performing funds were the Defiance Oil Enhanced Options Income ETF (USOY) and the NEOS MLP & Energy Infrastructure High Income ETF (MLPI), retreating -6.57% and -5.41%, respectively.
Top & Bottom 5 ETFs by Weekly Performance
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| SPCI | Tuttle Capital Space Industry Income Blast ETF | 7.17% |
| GIAX | Nicholas Global Equity and Income ETF | 7.08% |
| WEPN | Nicholas Defense and Rare Earth Income ETF | 6.86% |
| GPTY | YieldMax AI & Tech Portfolio Option Income ETF | 6.75% |
| GDXW | Roundhill Gold Miners WeeklyPay ETF | 6.20% |
| Bottom Performers | ||
| USOY | Defiance Oil Enhanced Options Income ETF | -6.57% |
| MLPI | NEOS MLP & Energy Infrastructure High Income ETF | -5.41% |
| MDST | Westwood Salient Enhanced Midstream Income ETF | -5.11% |
| NDIV | Amplify Energy & Natural Resources Covered Call ETF | -4.59% |
| XBCI | NEOS Boosted Bitcoin High Income ETF | -4.41% |
Analyzing the Weekly Flows
The broader Synthetic Income category posted a robust $1.70B in total net inflows this week. The Synthetic Income – Equity category was the undisputed leader, raking in $1.48B to push its total AUM up to $183.79B. Following distantly, but still showing solid demand, the Synthetic Income – Single Stock group attracted $132M in new capital. No major category suffered structural weekly outflows, though Synthetic Income – Multi-Asset saw flat ($0M) allocations over the 5-day stretch.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Synthetic Income – Equity | 218 | $183,790M | $1,483M | $6,463M | $18,001M | $30,307M | $59,376M |
| Synthetic Income – Single Stock | 107 | $8,285M | $132M | $609M | $910M | $119M | $8,710M |
| Synthetic Income – Crypto | 24 | $1,851M | $46M | $241M | $497M | $730M | $2,269M |
| Synthetic Income – Fixed Income | 24 | $5,550M | $27M | $286M | $674M | $958M | $2,191M |
| Synthetic Income – Commodity | 15 | $2,304M | $12M | $109M | $351M | $762M | $1,498M |
| Synthetic Income – Multi-Asset | 6 | $439M | $0M | ($1M) | $51M | $216M | $242M |
Top & Bottom 5 ETFs by 5-Day Flow
Driving the equity inflows, the JPMorgan NASDAQ Equity Premium Income ETF (JEPQ) dominated the leaderboard by hauling in $545M. At the bottom of the ledger, the NEOS Nasdaq 100 High Income ETF (QQQI) saw the largest net redemptions, bleeding -$107M over the past 5 days, followed by the iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (TLTW) with -$14M in outflows.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| JEPQ | JPMorgan NASDAQ Equity Premium Income ETF | $545M |
| JEPI | JPMorgan Equity Premium Income ETF | $124M |
| GPIQ | Goldman Sachs Nasdaq-100 Premium Income ETF | $124M |
| SPYI | NEOS S&P 500 High Income ETF | $80M |
| ACYN | FT Vest Laddered Autocallable Barrier & Income ETF | $79M |
| Outflows | ||
| QQQI | NEOS Nasdaq 100 High Income ETF | -$107M |
| TLTW | iShares 20+ Year Treasury Bond BuyWrite Strategy ETF | -$14M |
| RSPA | Invesco S&P 500 Equal Weight Income Advantage ETF | -$13M |
| KNG | FT Vest S&P 500 Dividend Aristocrats Target Income ETF | -$10M |
| RYLD | Global X Russell 2000 Covered Call ETF | -$8M |
Issuer League Table Update
JPMorgan remains the undisputed heavyweight in the Synthetic Income space, capturing 41.82% of the market share, followed by Neos with 14.02%. Supported by strong demand for its premium income products, JPMorgan also gathered the most weekly inflows, pulling in $722M. Interestingly, none of the top 5 issuers by AUM experienced net weekly outflows. Looking slightly further down the leaderboard, Invesco and Pacer experienced the heaviest pressure, each posting -$7M in outflows.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| JPMorgan | 5 | $84.58B | 41.82% |
| Neos | 18 | $28.35B | 14.02% |
| Global X | 17 | $13.44B | 6.65% |
| YieldMax | 62 | $10.15B | 5.02% |
| Amplify | 16 | $9.18B | 4.54% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| JPMorgan | $722M |
| YieldMax | $268M |
| Goldman Sachs | $190M |
| Outflows | |
| GraniteShares | -$7M |
| Invesco | -$7M |
| Pacer | -$7M |
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.
