Macro Summary
The Buffer ETF channel ended the week with $77.2 Billion in assets across 447 funds from 20 issuers. The space saw net inflows of $441 Million over the past week, bringing the year-to-date total to $12.11 Billion.
Over the trailing 1 year, Buffer ETFs have attracted $14.1 Billion in net new money. The segment continues to expand rapidly, with 29 new ETFs launching in just the last three months.
Performance
Performance in Defined Outcome ETFs is idiosyncratic, driven heavily by the underlying reference asset. This week, Commodity: Focused – Precious Metals funds posted the strongest returns, up 0.37%, while Digital Asset: Cryptocurrency – Bitcoin funds lagged, falling -5.70%.
For a detailed breakdown of performance across all underlying assets and individual structures, access the full Performance Report in the right-side panel.
Flows
Equity remains the dominant asset class, driving $439 Million of the week’s inflows. Trading activity was concentrated in funds with November reset dates, which saw $587 Million in new assets. Individually, AllianzIM’s SIXO led all funds with $273 Million in weekly inflows.
Flows by Asset Class
| Asset Class | # of Funds | AUM | WTD Flow | 1M Flow | 3M Flow | YTD Flow | 1Y Flow |
|---|---|---|---|---|---|---|---|
| Buffer – Equity | 407 | $76.32B | $439M | $1.11B | $2.70B | $11.77B | $13.73B |
| Buffer – Synthetic Income | 18 | $544M | $15M | $15M | $81M | $198M | $198M |
| Buffer – Commodity | 1 | $57M | $0M | ($4M) | ($27M) | ($13M) | $14M |
| Buffer – Crypto | 19 | $195M | ($3M) | ($114M) | $24M | $159M | $159M |
| Buffer – Fixed Income | 2 | $49M | ($11M) | $13M | ($10M) | ($2M) | ($41M) |
Flows by Implementation (Outcome Period)
| Implementation | WTD Flow | 1M Flow | 3M Flow | YTD Flow | 1Y Flow |
|---|---|---|---|---|---|
| Inflows | |||||
| Buffer Reset: November | $587M | $577M | $317M | $36M | $762M |
| Buffer Reset: October | $371M | $1.03B | $1.32B | $880M | $1.32B |
| Buffer Reset: September | $130M | $244M | $1.67B | $1.19B | $1.00B |
| Outflows | |||||
| Buffer Reset: July | ($221M) | ($330M) | ($117M) | $748M | $605M |
| Buffer Reset: December | ($216M) | ($311M) | ($675M) | ($275M) | $1.43B |
| Buffer Reset: June | ($118M) | ($230M) | ($307M) | $161M | ($90M) |
Individual Fund Flows (WTD)
| Ticker | Fund Name | WTD Flow |
|---|---|---|
| Top 5 Inflows | ||
| SIXO | AllianzIM U.S. Large Cap 6 Month Buffer10 Apr/Oct ETF | $273M |
| PNOV | Innovator U.S. Equity Power Buffer ETF – November | $263M |
| OCTW | AllianzIM U.S. Large Cap Buffer20 Oct ETF | $203M |
| GSEP | FT Vest U.S. Equity Moderate Buffer ETF – September | $127M |
| UNOV | Innovator U.S. Equity Ultra Buffer ETF – November | $83M |
| Top 5 Outflows | ||
| SIXP | AllianzIM U.S. Large Cap 6 Month Buffer10 Mar/Sep ETF | ($272M) |
| DECW | AllianzIM U.S. Large Cap Buffer20 Dec ETF | ($192M) |
| GJUL | FT Vest U.S. Equity Moderate Buffer ETF – July | ($125M) |
| PJUL | Innovator U.S. Equity Power Buffer ETF – July | ($67M) |
| UMAR | Innovator U.S. Equity Ultra Buffer ETF – March | ($61M) |
League Tables
FT Vest maintains its position as the largest issuer in the space with $37.8 Billion in AUM, gathering $104 Million this week. Innovator follows with $28.9 Billion in assets and led all issuers in weekly flows, adding $211 Million.
Top 5 Issuers by AUM
| Issuer | # of ETFs | AUM | Market Share |
|---|---|---|---|
| FT Vest | 114 | $37.76B | 48.89% |
| Innovator | 151 | $28.94B | 37.46% |
| Allianz | 49 | $4.69B | 6.07% |
| AB Funds | 3 | $1.27B | 1.65% |
| Pacer | 13 | $1.19B | 1.54% |
Issuer Flows (WTD)
| Issuer | WTD Flow | 1M Flow | 3M Flow | YTD Flow | 1Y Flow |
|---|---|---|---|---|---|
| Inflows | |||||
| Innovator | $211M | $512M | $1.10B | $4.77B | $5.23B |
| FT Vest | $104M | $295M | $1.03B | $4.40B | $5.58B |
| iShares | $57M | $159M | $60M | $280M | $210M |
| Outflows | |||||
| Calamos | ($3M) | ($162M) | ($30M) | $240M | $300M |
| Goldman Sachs | ($1M) | $6M | $6M | $10M | $10M |
| KraneShares | $0M | $0M | $0M | $0M | $0M |
Explore the data behind the insights. This weekly recap is just the start. Access the complete, in-depth reports for FREE in the right side panel to analyze performance, track flows, and view the latest league tables.
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.
