Weekly Channel Summary
The Synthetic Income ETF channel continues to exhibit robust growth and investor interest, with total Assets Under Management (AUM) reaching $174.1 billion across a diverse landscape of 332 ETFs and 65 issuers. The past week saw significant momentum as the channel captured $2.65 billion in net new flows, bringing the Year-to-Date (YTD) total to $4.28 billion. Over the past year, the channel has seen a massive $71.48 billion in net inflows, underscoring the sustained demand for option-overlay and synthetic yield strategies.
This Week’s Performance Leaders and Laggards
Performance this week was largely driven by volatility and strength in the digital asset and commodity segments. While broad equity-based synthetic income strategies saw mixed results, ETFs focused on Ethereum, Silver, and Bitcoin outperformed significantly. Conversely, tech-focused internet and financial sector income strategies faced headwinds as underlying markets retracted.
Top & Bottom 5 ETFs by Weekly Performance
The single best-performing fund this week was the Defiance Leveraged Long Income Ethereum ETF (ETHI), which delivered a remarkable WTD return of 12.23%. On the opposite end of the spectrum, the worst performance came from the FT Vest Dow Jones Internet & Target Income ETF (FDND) with a -2.55% return, followed closely by the Amplify XRP 3% Monthly Premium Income ETF (XRPM) at -1.98%.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| ETHI | Defiance Leveraged Long Income Ethereum ETF | 12.23% |
| KSLV | Kurv Silver Enhanced Income ETF | 11.20% |
| BLOX | Nicholas Crypto Income ETF | 8.50% |
| MAXI | Simplify Bitcoin Strategy PLUS Income ETF | 8.20% |
| SLJY | Amplify SILJ Covered Call ETF | 7.59% |
| Bottom Performers | ||
| FDND | FT Vest Dow Jones Internet & Target Income ETF | -2.55% |
| XRPM | Amplify XRP 3% Monthly Premium Income ETF | -1.98% |
| XLFI | State Street Financial Select Sector SPDR Premium Income ETF | -1.74% |
| MAGY | Roundhill Magnificent Seven Covered Call ETF | -1.58% |
| EGGQ | NestYield Visionary ETF | -1.56% |
Analyzing the Weekly Flows
Total net flows for the channel this week were $2.635 billion. The Synthetic Income – Equity category dominated activity, receiving $2.416 billion in new money and maintaining its position as the largest segment with $155.2 billion in AUM. The Synthetic Income – Multi-Asset category also saw significant interest, gathering $147 million. Meanwhile, the Synthetic Income – Fixed Income category was the primary laggard, experiencing $14 million in net outflows.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Synthetic Income – Equity | 166 | $155,223M | $2,416M | $7,448M | $13,018M | $4,003M | $52,042M |
| Synthetic Income – Multi-Asset | 5 | $355M | $147M | $154M | $148M | $146M | $186M |
| Synthetic Income – Crypto | 22 | $2,027M | $48M | $222M | $948M | $93M | $2,565M |
| Synthetic Income – Commodity | 12 | $1,877M | $31M | $216M | $418M | $83M | $935M |
| Synthetic Income – Single Stock | 104 | $9,992M | $8M | ($334M) | $1,837M | ($96M) | $14,101M |
| Synthetic Income – Fixed Income | 18 | $4,614M | ($14M) | $97M | $574M | $27M | $1,626M |
Top & Bottom 5 ETFs by 5-Day Flow
In terms of individual fund activity, the JPMorgan NASDAQ Equity Premium Income ETF (JEPQ) was the clear leader for inflows, gathering $780 million over the past 5 days. Conversely, the largest outflows were seen in the iShares High Yield Corporate Bond BuyWrite Strategy ETF (HYGW) at $57 million and the Neuberger Option Strategy ETF (NBOS) at $19 million.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| JEPQ | JPMorgan NASDAQ Equity Premium Income ETF | $780M |
| QQQI | NEOS Nasdaq 100 High Income ETF | $350M |
| SCEP | Sterling Capital Hedged Equity Premium Income ETF | $204M |
| SPYI | NEOS S&P 500 High Income ETF | $181M |
| SCMC | Sterling Capital Multi-Strategy Income ETF | $148M |
| Outflows | ||
| HYGW | iShares High Yield Corporate Bond BuyWrite Strategy ETF | ($57M) |
| NBOS | Neuberger Option Strategy ETF | ($19M) |
| WPAY | Roundhill WeeklyPay Universe ETF | ($19M) |
| YMAG | YieldMax Magnificent 7 Fund of Option Income ETFs | ($14M) |
| QDTE | Roundhill Innovation-100 ODTE Covered Call Strategy ETF | ($11M) |
Issuer League Table Update
JPMorgan remains the dominant force in the Synthetic Income channel with a 44.09% AUM market share, followed by Neos at 11.06%. JPMorgan was also the top gatherer of weekly inflows, securing $862 million. It is worth noting that all top-tier issuers (those in the top 5 by AUM) maintained positive momentum this week, with no net outflows among the group’s leaders.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| JPMorgan | 3 | $76.77B | 44.09% |
| Neos | 15 | $19.25B | 11.06% |
| Global X | 14 | $13.28B | 7.63% |
| YieldMax | 60 | $10.99B | 6.31% |
| FT Vest | 11 | $8.20B | 4.71% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| JPMorgan | $862M |
| Neos | $679M |
| Sterling Capital | $352M |
| Outflows | |
| Roundhill | ($39M) |
| Neuberger Berman | ($19M) |
| Simplify | ($5M) |
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.
