JEPQ Leads the Charge in Booming $177B Synthetic Income Market

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Weekly Channel Summary

The Synthetic Income channel continues to show robust growth and high investor interest, reaching a total Assets Under Management (AUM) of $176.79B across 331 ETFs and 65 brands. For the week ending January 30, 2026, the channel attracted $1.17B in net new flows, contributing to a year-to-date (YTD) total of $6.56B. This growth is part of a massive expansion over the past year, which saw $70.54B in net inflows. With 41 new launches in the past three months alone, the category remains one of the most active segments in the ETF landscape as issuers innovate to provide yield-enhanced solutions.

This Week’s Performance Leaders and Laggards

Performance across the synthetic income space was highly divergent this week, heavily influenced by the movement of underlying assets in the commodities and digital asset sectors. Commodity-linked income strategies dominated the leaderboard, benefiting from a surge in precious metals, while cryptocurrency-focused funds struggled alongside Bitcoin’s price retraction.

Top & Bottom 5 ETFs by Weekly Performance

The best-performing fund this week was the Kurv Silver Enhanced Income ETF (KSLV), which delivered a stellar 13.53% return. On the other end of the spectrum, crypto-linked funds saw significant pressure; the Simplify Bitcoin Strategy PLUS Income ETF (MAXI) fell -7.83%, while the Amplify Solana 3% Monthly Option Income ETF (SOLM) dropped -7.42%.

Ticker Fund Name WTD Performance
Top Performers
KSLV Kurv Silver Enhanced Income ETF 13.53%
YGLD Simplify Gold Strategy PLUS Income ETF 9.85%
GLDW Roundhill Gold WeeklyPay ETF 9.85%
KGLD Kurv Gold Enhanced Income ETF 8.25%
IGLD FT Vest Gold Strategy Target Income ETF 6.69%
Bottom Performers
MAXI Simplify Bitcoin Strategy PLUS Income ETF -7.83%
SOLM Amplify Solana 3% Monthly Option Income ETF -7.42%
IETH Bitwise Ethereum Option Income Strategy ETF -6.89%
BITK Tuttle Capital Bitcoin ODTE Covered Call ETF -6.59%
BPI Grayscale Bitcoin Premium Income ETF -5.83%

Analyzing the Weekly Flows

The channel recorded a net inflow of $1.169B this past week. Synthetic Income – Equity remains the dominant category, drawing in $1.175B in net flows, bringing its total AUM to $158.19B. Synthetic Income – Commodity also saw positive momentum with $72M in weekly inflows. Conversely, Synthetic Income – Single Stock experienced the week’s largest outflows, shedding $143M.

Category Flows Summary

Category Fund Count AUM 5 Day 30 Day 90 Day YTD 1 Year
Synthetic Income – Equity 171 $158,194M $1,175M $6,642M $14,228M $6,197M $51,803M
Synthetic Income – Commodity 12 $2,168M $72M $238M $522M $230M $1,068M
Synthetic Income – Fixed Income 18 $4,707M $41M $125M $543M $133M $1,623M
Synthetic Income – Crypto 21 $1,980M $18M $192M $910M $192M $2,592M
Synthetic Income – Multi-Asset 5 $364M $6M $154M $160M $153M $191M
Synthetic Income – Single Stock 102 $9,381M ($143M) ($401M) $1,233M ($348M) $13,265M

Top & Bottom 5 ETFs by 5-Day Flow

JPMorgan’s behemoths led the pack for inflows, with the JPMorgan NASDAQ Equity Premium Income ETF (JEPQ) pulling in $408M this week. On the outflow side, the NEOS Nasdaq 100 High Income ETF (QQQI) and the Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF (QDPL) saw the largest redemptions at $105M and $21M, respectively.

Ticker Fund Name 5-Day Flow
Inflows
JEPQ JPMorgan NASDAQ Equity Premium Income ETF $408M
JEPI JPMorgan Equity Premium Income ETF $233M
GPIQ Goldman Sachs Nasdaq-100 Premium Income ETF $83M
GPIX Goldman Sachs S&P 500 Premium Income ETF $55M
DIVO Amplify CWP Enhanced Dividend Income ETF $46M
Outflows
QQQI NEOS Nasdaq 100 High Income ETF ($105M)
QDPL Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF ($21M)
YMAX YieldMax Universe Fund of Option Income ETFs ($15M)
WPAY Roundhill WeeklyPay Universe ETF ($14M)
QDTE Roundhill Innovation-100 ODTE Covered Call Strategy ETF ($10M)

Issuer League Table Update

JPMorgan remains the undisputed leader in the Synthetic Income space, commanding a dominant 44.00% market share. Neos holds the second position with 11.29% of category assets. For the week, JPMorgan gathered the most inflows at $642M, while YieldMax, a top-5 issuer by AUM, saw the largest weekly outflows within that top tier, losing $86M.

Top 5 Issuers by AUM

Brand Fund Count AUM AUM Market Share
JPMorgan 3 $77.78B 44.00%
Neos 15 $19.95B 11.29%
Global X 14 $13.33B 7.54%
YieldMax 60 $10.66B 6.03%
FT Vest 11 $8.29B 4.69%

Top & Bottom 3 Issuers by 5-Day Flow

Brand 5-Day Flow
Inflows
JPMorgan $642M
Goldman Sachs $138M
Amplify $105M
Outflows
YieldMax -$86M
Roundhill -$50M
Pacer -$21M

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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.