Weekly Channel Summary
The Taxable Fixed Income ETF channel continues to show significant strength, ending the week with total Assets Under Management (AUM) of $2,080B across 663 ETFs and 138 issuers. The channel attracted $9.25B in net new money over the past five days, contributing to a robust Year-To-Date (YTD) flow of $44.69B. On a trailing one-year basis, the channel has seen staggering growth, with $393.58B in net inflows, reflecting sustained investor conviction in fixed income strategies amid shifting market conditions.
This Week’s Performance Leaders and Laggards
Performance across the channel was mixed this week. The International category led the way with a Week-To-Date (WTD) return of 1.57%, while Convertible bonds also showed strength at 0.69%. Conversely, Long-Term bonds were the primary laggard, declining -0.27% WTD. Despite the weekly dip, most categories remain in positive territory for the year, with Convertibles maintaining a significant YTD lead of 5.78%.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| International | 1.57% | 2.06% | 2.48% | 4.35% | 2.26% | 13.59% |
| Convertible | 0.69% | 4.94% | 0.94% | 9.43% | 5.78% | 26.27% |
| Emerging | 0.51% | 1.70% | 3.17% | 7.13% | 1.60% | 13.89% |
| Securitized | 0.23% | 0.42% | 1.36% | 4.08% | 0.54% | 7.73% |
| Core | 0.11% | 0.06% | 0.53% | 3.40% | 0.29% | 6.87% |
| Bank Loans | -0.26% | 0.33% | 1.23% | 2.04% | 0.26% | 4.69% |
| Long-Term | -0.27% | -0.07% | -1.07% | 3.90% | 0.47% | 7.40% |
Top & Bottom 5 ETFs by Weekly Performance
The top individual performer this week was the Calamos Convertible Equity Alternative ETF (CVRT), which jumped 2.57%. On the other end of the spectrum, the REX Bitcoin Corporate Treasury Convertible Bond ETF (BMAX) and the Virtus Private Credit Strategy ETF (VPC) were the primary laggards, falling -2.06% and -1.23% respectively.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| CVRT | Calamos Convertible Equity Alternative ETF | 2.57% |
| BWX | SPDR Bloomberg International Treasury Bond ETF | 2.04% |
| BWZ | SPDR Bloomberg Short Term International Treasury Bond ETF | 1.93% |
| IBND | SPDR Bloomberg International Corporate Bond ETF | 1.84% |
| IGOV | iShares International Treasury Bond ETF | 1.79% |
| Bottom Performers | ||
| BMAX | REX Bitcoin Corporate Treasury Convertible Bond ETF | -2.06% |
| VPC | Virtus Private Credit Strategy ETF | -1.23% |
| XCCC | BondBloxx CCC-Rated USD High Yield Corporate Bond ETF | -1.05% |
| GOVZ | iShares 25+ Year Treasury STRIPS Bond ETF | -0.97% |
| ZROZ | PIMCO 25+ Year Zero Coupon US Treasury Index | -0.96% |
Analyzing the Weekly Flows
The channel recorded $9.25B in net inflows this week, with investors heavily favoring Multi-Sector segments ($4,828M) and Investment Grade credit ($6,546M). From a duration perspective, Intermediate funds were the clear favorite, capturing $6,038M. The only segment to see notable outflows was Securitized, which shed -$172M over the five-day period.
Flows by Segment
| Segment | Fund Count | AUM | 5 Day Flow | 30 Day Flow | YTD Flow | 1 Year Flow |
|---|---|---|---|---|---|---|
| FI: Multi-Sector | 278 | $867.4B | $4,828M | $26,746M | $26,003M | $198,767M |
| FI: Corporate | 165 | $380.2B | $2,547M | $5,559M | $5,564M | $48,058M |
| FI: Government | 116 | $627.1B | $1,304M | $8,764M | $9,057M | $119,420M |
| FI: Bank Loans | 37 | $61.1B | $737M | $3,499M | $3,356M | $8,457M |
| FI: Preferred Stock | 25 | $40.5B | $6M | $32M | $15M | $1,776M |
| FI: Securitized | 37 | $102.7B | ($172M) | $716M | $686M | $17,062M |
Flows by Credit Type
| Credit Type | Fund Count | AUM | 5 Day Flow | 30 Day Flow | YTD Flow | 1 Year Flow |
|---|---|---|---|---|---|---|
| Credit: Investment Grade | 344 | $1,660.8B | $6,546M | $33,724M | $33,350M | $298,320M |
| Credit: Blend | 165 | $230.1B | $2,101M | $10,201M | $10,113M | $72,710M |
| Credit: High Yield | 149 | $188.0B | $604M | $1,395M | $1,220M | $22,438M |
Flows by Duration
| Duration | Fund Count | AUM | 5 Day Flow | 30 Day Flow | YTD Flow | 1 Year Flow |
|---|---|---|---|---|---|---|
| Duration: Intermediate | 395 | $1,216.4B | $6,038M | $31,493M | $30,608M | $238,092M |
| Duration: Short | 84 | $274.1B | $1,459M | $5,140M | $5,151M | $44,634M |
| Duration: Ultrashort | 123 | $393.1B | $1,101M | $10,105M | $9,957M | $101,549M |
| Duration: Long | 56 | $195.3B | $653M | ($1,418M) | ($1,032M) | $9,194M |
Top & Bottom 5 ETFs by 5-Day Flow
The iShares Core U.S. Aggregate Bond ETF (AGG) dominated weekly inflows with $1,341M. On the opposite side, the Vanguard Short-Term Inflation-Protected Securities ETF (VTIP) and the Janus Henderson Mortgage-Backed Securities ETF (JMBS) saw the largest outflows of -$695M and -$454M respectively.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| AGG | iShares Core U.S. Aggregate Bond ETF | $1,341M |
| LQD | iShares iBoxx $ Investment Grade Corporate Bond ETF | $1,285M |
| IEF | iShares 7-10 Year Treasury Bond ETF | $1,074M |
| JAAA | Janus Henderson AAA CLO ETF | $853M |
| VGSH | Vanguard Short-Term Treasury ETF | $580M |
| Outflows | ||
| VTIP | Vanguard Short-Term Inflation-Protected Securities ETF | ($695M) |
| JMBS | Janus Henderson Mortgage-Backed Securities ETF | ($454M) |
| SPTI | State Street SPDR Portfolio Intermediate Term Treasury ETF | ($435M) |
| SPTS | State Street SPDR Portfolio Short Term Treasury ETF | ($425M) |
| VGIT | Vanguard Intermediate-Term Treasury ETF | ($387M) |
Issuer League Table Update
iShares maintains its dominant position in the channel with a 37.61% market share, followed by Vanguard at 26.74%. iShares was also the week’s flow leader, hauling in $5,208M. Conversely, SPDR (State Street) experienced significant pressure among the top issuers, reporting the largest weekly net outflow of -$1,131M.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| iShares | 86 | $782.12B | 37.61% |
| Vanguard | 30 | $556.13B | 26.74% |
| SPDR | 39 | $163.77B | 7.87% |
| JPMorgan | 19 | $78.76B | 3.79% |
| Schwab | 12 | $71.92B | 3.46% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| iShares | $5,208M |
| Schwab | $1,327M |
| Vanguard | $670M |
| Outflows | |
| SPDR | -$1,131M |
| Invesco | -$321M |
| Sterling Capital | -$137M |
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.
