Weekly Channel Summary
The Taxable Fixed Income ETF channel currently commands a total of $2,220B in Assets Under Management (AUM), distributed across 692 ETFs from 144 unique issuers. Over the past five days, the channel experienced significant momentum, attracting $14.13B in net inflows. This weekly surge bolsters a highly successful period for the channel, pushing Year-to-Date (YTD) flows to $208.54B and bringing 1-Year net flows to an impressive $468.89B.
This Week’s Performance Leaders and Laggards
Performance across the fixed income landscape was largely challenged this week, with Government Ultrashort and Ultrashort ETFs acting as the sole safe havens, returning a positive 0.06% and 0.05% Week-to-Date (WTD), respectively. Both categories also maintain positive Year-to-Date trajectories. On the flip side, Government Long strategies suffered the steepest weekly decline, falling 2.70% WTD, which further dragged its YTD performance down to -2.99%.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Government Ultrashort | 0.06% | 0.31% | 0.84% | 1.83% | 1.29% | 3.97% |
| Ultrashort | 0.05% | 0.41% | 0.88% | 2.12% | 1.45% | 4.91% |
| Bank Loans | -0.02% | 1.07% | 1.04% | 1.67% | 0.84% | 4.66% |
| Convertible | -0.30% | 5.29% | 11.22% | 20.59% | 18.52% | 36.93% |
| Short-Term | -0.35% | -0.24% | -0.30% | 1.25% | 0.47% | 4.59% |
| Government Short | -0.36% | -0.35% | -0.45% | 0.75% | 0.10% | 3.40% |
| Inflation Protected | -0.42% | 0.00% | 0.27% | 1.29% | 1.34% | 4.75% |
| High Yield | -0.48% | -0.15% | 0.20% | 2.37% | 1.03% | 6.91% |
| Preferred Stock | -0.73% | 0.04% | -0.22% | 2.42% | 1.46% | 7.88% |
| International USD | -0.79% | -0.61% | -1.04% | 0.01% | -0.07% | 2.05% |
| Multisector Taxable | -0.81% | -0.60% | -1.02% | 1.15% | 0.24% | 5.47% |
| Securitized | -0.86% | -0.77% | -1.08% | 1.13% | 0.28% | 5.74% |
| Corporate | -0.96% | -0.99% | -1.53% | 0.43% | -0.35% | 5.57% |
| Core | -1.08% | -1.19% | -1.83% | 0.07% | -0.54% | 4.57% |
| Core Enhanced | -1.08% | -1.12% | -1.71% | 0.34% | -0.34% | 5.02% |
| Government Intermediate | -1.12% | -1.38% | -2.35% | -0.71% | -1.21% | 3.05% |
| Emerging | -1.14% | -0.96% | -1.12% | 2.52% | 1.04% | 10.02% |
| Emerging USD | -1.17% | -0.69% | -0.86% | 2.19% | 0.98% | 10.73% |
| International | -1.82% | -1.46% | -2.77% | 0.39% | -0.60% | 4.02% |
| Long-Term | -1.84% | -2.14% | -3.57% | -1.05% | -1.53% | 5.81% |
| Government Long | -2.70% | -3.24% | -5.49% | -3.61% | -2.99% | 1.69% |
Top & Bottom 5 ETFs by Weekly Performance
Looking at individual funds, the TFFI (Chesapeake Trend-Following Fixed Income ETF) led the pack with a 1.92% gain. At the bottom, long-duration zero-coupon bonds suffered the most, with GOVZ (iShares 25+ Year Treasury STRIPS Bond ETF) and ZROZ (PIMCO 25+ Year Zero Coupon US Treasury Index Exchange-Traded Fund) both dropping 4.33%.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| TFFI | Chesapeake Trend-Following Fixed Income ETF | 1.92% |
| PCPI | PIMCO Inflation PLUS Active ETF | 0.54% |
| ICVT | iShares Convertible Bond ETF | 0.33% |
| ICPI | iShares 0-1 Year TIPS Bond ETF | 0.33% |
| RBIL | F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF | 0.33% |
| Bottom Performers | ||
| GOVZ | iShares 25+ Year Treasury STRIPS Bond ETF | -4.33% |
| ZROZ | PIMCO 25+ Year Zero Coupon US Treasury Index Exchange-Traded Fund | -4.33% |
| TYA | Simplify Intermediate Term Treasury Futures Strategy ETF | -4.19% |
| EDV | Vanguard Extended Duration Treasury ETF | -4.09% |
| XTWY | BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF | -3.29% |
Analyzing the Weekly Flows
The channel gathered a robust $14.13B in net new money this week. The Multi-Sector segment was the top draw, adding $5,605M to its asset base, while Investment Grade dominated the credit landscape with $10,266M in inflows. From a duration standpoint, Intermediate strategies saw immense popularity, bringing in $8,407M over the five-day period.
Flows by Segment
| Segment | Fund Count | AUM | 5 Day Flow | 30 Day Flow | 90 Day Flow | YTD Flow | 1 Year Flow |
|---|---|---|---|---|---|---|---|
| FI: Multi-Sector | 291 | $921.0B | $5,605M | $20,120M | $50,916M | $89,694M | $220,225M |
| FI: Corporate | 155 | $394.2B | $3,652M | $7,552M | $13,467M | $24,570M | $63,384M |
| FI: Government | 121 | $693.6B | $3,597M | $6,423M | $66,926M | $81,941M | $151,180M |
| FI: Bank Loans | 44 | $64.5B | $649M | $2,998M | $2,837M | $6,973M | $15,274M |
| FI: Preferred Stock | 27 | $41.2B | $334M | $790M | $969M | $1,041M | $2,969M |
| FI: Securitized | 42 | $105.5B | $293M | $924M | $2,787M | $4,257M | $15,770M |
Flows by Credit Type
| Credit Type | Fund Count | AUM | 5 Day Flow | 30 Day Flow | 90 Day Flow | YTD Flow | 1 Year Flow |
|---|---|---|---|---|---|---|---|
| Credit: Investment Grade | 358 | $1,780.8B | $10,266M | $23,996M | $117,812M | $171,800M | $358,190M |
| Credit: Blend | 176 | $249.9B | $1,993M | $7,286M | $18,081M | $32,953M | $82,676M |
| Credit: High Yield | 145 | $189.1B | $1,862M | $7,508M | $2,003M | $3,716M | $27,848M |
| Specialty: Interest Rate Volatility | 1 | $0.0B | $3M | $3M | $5M | $5M | $5M |
Flows by Duration
| Duration | Fund Count | AUM | 5 Day Flow | 30 Day Flow | 90 Day Flow | YTD Flow | 1 Year Flow |
|---|---|---|---|---|---|---|---|
| Duration: Intermediate | 399 | $1,273.7B | $8,407M | $23,340M | $58,432M | $104,788M | $271,237M |
| Duration: Ultrashort | 137 | $459.7B | $4,029M | $6,614M | $60,347M | $77,178M | $130,202M |
| Duration: Short | 86 | $293.2B | $1,622M | $5,877M | $15,701M | $25,156M | $54,532M |
| Duration: Long | 58 | $193.3B | $67M | $2,962M | $3,421M | $1,352M | $12,748M |
Top & Bottom 5 ETFs by 5-Day Flow
The SGOV (iShares 0-3 Month Treasury Bond ETF) was the undisputed flow leader in absolute dollars, securing an impressive $1,623M in new assets. Conversely, IQMM (ProShares GENIUS Money Market ETF) and LQD (iShares iBoxx $ Investment Grade Corporate Bond ETF) saw the heaviest redemptions, losing $454M and $228M, respectively.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| SGOV | iShares 0-3 Month Treasury Bond ETF | $1,623M |
| VCIT | Vanguard Intermediate-Term Corporate Bond ETF | $1,164M |
| SCHI | Schwab 5-10 Year Corporate Bond ETF | $870M |
| BND | Vanguard Total Bond Market ETF | $864M |
| VBIL | Vanguard 0-3 Month Treasury Bill ETF | $406M |
| Outflows | ||
| IQMM | ProShares GENIUS Money Market ETF | -$454M |
| LQD | iShares iBoxx $ Investment Grade Corporate Bond ETF | -$228M |
| SPAB | State Street SPDR Portfolio Aggregate Bond ETF | -$222M |
| SPTL | State Street SPDR Portfolio Long Term Treasury ETF | -$219M |
| TLT | iShares 20+ Year Treasury Bond ETF | -$122M |
Issuer League Table Update
iShares and Vanguard continue to dominate the Taxable Fixed Income space, holding a combined 62.89% market share among brands. Vanguard captured the most assets this week, bringing in an exceptional $4,342M, while ProShares found itself at the bottom of the pile with $432M in net outflows.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| iShares | 88 | $811.14B | 36.54% |
| Vanguard | 30 | $585.11B | 26.35% |
| SPDR | 37 | $170.24B | 7.67% |
| JPMorgan | 19 | $86.95B | 3.92% |
| Schwab | 12 | $75.27B | 3.39% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| Vanguard | $4,342M |
| iShares | $3,719M |
| Schwab | $1,301M |
| Outflows | |
| ProShares | -$432M |
| Janus Henderson | -$78M |
| F/m | -$19M |
For a deeper dive into these trends, access our FREE, in-depth Taxable 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.
