Weekly Channel Summary
The Synthetic Income channel demonstrated steady growth this week, with total assets under management reaching $155.8 billion across 257 ETFs from 58 different issuers. The channel attracted a net inflow of $404 million over the past week, contributing to a robust year-to-date total of $51.34 billion in new assets. Over the last year, the channel has seen impressive inflows totaling $68.26 billion, signaling sustained investor interest in income-generating strategies.
This Week’s Performance Leaders and Laggards
The past week saw significant divergence in individual ETF performance. Cryptocurrency-focused and thematic funds were among the top gainers, while some income-oriented strategies faced headwinds. The top individual performer posted a double-digit gain, highlighting the volatility and opportunity within the synthetic income space.
Top & Bottom 5 ETFs by Weekly Performance
At the individual fund level, the Nicholas Crypto Income ETF (BLOX) was the standout performer with an impressive 11.03% gain. On the downside, the YieldMax Ultra Short Option Income Strategy ETF (SLTY) experienced the largest decline at -5.71%, followed by its counterpart, the YieldMax Short N100 Option Income Strategy ETF (YQQQ), which fell by -1.27%.
| Top Performers | ||
| BLOX | Nicholas Crypto Income ETF | 11.03% |
| MAXI | Simplify Bitcoin Strategy PLUS Income ETF | 8.95% |
| YETH | Roundhill Ether Covered Call Strategy ETF | 8.00% |
| EGGQ | NestYield Visionary ETF | 7.10% |
| EGGY | NestYield Dynamic Income ETF | 6.03% |
| Bottom Performers | ||
| SLTY | YieldMax Ultra Short Option Income Strategy ETF | -5.71% |
| YQQQ | YieldMax Short N100 Option Income Strategy ETF | -1.27% |
| DOGG | FT Vest DJIA Dogs 10 Target Income ETF | -0.76% |
| XLSI | Consumer Staples Select Sector SPDR Premium Income Fund | -0.65% |
| CVRD | Madison Covered Call ETF | -0.60% |
Analyzing the Weekly Flows
The Synthetic Income channel saw a net inflow of $404 million this week. The Equity category was the primary recipient, gathering $375 million in new assets and bringing its total AUM to an impressive $135.3 billion. The Crypto category also saw significant interest with $90 million in inflows. In contrast, the Single Stock category experienced the largest outflows for the week, shedding $121 million.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Synthetic Income – Equity | 140 | $135,326M | $375M | $3,750M | $13,958M | $37,046M | $49,898M |
| Synthetic Income – Crypto | 13 | $1,585M | $90M | $366M | $821M | $1,314M | $1,486M |
| Synthetic Income – Commodity | 10 | $1,134M | $40M | $102M | $199M | $331M | $432M |
| Synthetic Income – Fixed Income | 18 | $3,916M | $19M | $212M | $448M | $844M | $1,048M |
| Synthetic Income – Multi-Asset | 3 | $180M | $1M | ($1M) | $13M | $24M | $36M |
| Synthetic Income – Single Stock | 69 | $13,636M | ($121M) | $710M | $4,256M | $11,782M | $15,356M |
Top & Bottom 5 ETFs by 5-Day Flow
The NEOS Nasdaq 100 High Income ETF (QQQI) led all funds in attracting new capital, pulling in $261 million. On the other side of the ledger, the Main BuyWrite ETF (BUYW) saw the largest redemption of $161 million, followed closely by the YieldMax Ultra Option Income Strategy ETF (ULTY), which had outflows of $104 million.
| Inflows | ||
| QQQI | NEOS Nasdaq 100 High Income ETF | $261M |
| SPYI | NEOS S&P 500 High Income ETF | $139M |
| LDRX | SGI Enhanced Market Leaders ETF | $53M |
| BTCI | NEOS Bitcoin High Income ETF | $52M |
| QDTE | Roundhill Innovation-100 ODTE Covered Call Strategy ETF | $40M |
| Outflows | ||
| BUYW | Main BuyWrite ETF | ($161M) |
| ULTY | YieldMax Ultra Option Income Strategy ETF | ($104M) |
| JEPQ | JPMorgan NASDAQ Equity Premium Income ETF | ($95M) |
| QYLD | Global X NASDAQ 100 Covered Call ETF | ($60M) |
| USDX | SGI Enhanced Core ETF | ($48M) |
Issuer League Table Update
JPMorgan and YieldMax continue to dominate the issuer landscape, commanding market shares of 45.94% and 11.32%, respectively. This week, Neos was the leader in asset gathering, securing $482 million in inflows. Among the top issuers, YieldMax experienced the most significant outflows, with investors pulling $288 million.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| JPMorgan | 3 | $71.58B | 45.94% |
| YieldMax | 53 | $17.64B | 11.32% |
| Global X | 15 | $12.97B | 8.32% |
| Neos | 12 | $12.28B | 7.88% |
| FT Vest | 11 | $7.40B | 4.75% |
Top & Bottom 3 Issuers by 5-Day Flow
| Inflows | |
| Neos | $482M |
| Roundhill | $128M |
| Goldman Sachs | $61M |
| Outflows | |
| YieldMax | ($288M) |
| Main Funds | ($161M) |
| Global X | ($73M) |
For a deeper dive into these trends, access our FREE, in-depth Thematic 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.
