Weekly Channel Summary
The Synthetic Income ETF channel currently tracks $184.2 billion in total Assets Under Management (AUM) across 360 ETFs from 68 different issuers. The category continues to attract significant investor interest, pulling in $808 million in net flows over the past 5 days. This weekly surge pushes Year-to-Date (YTD) inflows to $20.74 billion and highlights the massive momentum behind the space, which has gathered an impressive $71.50 billion over the past 1 year.
This Week’s Performance Leaders and Laggards
The performance landscape for Synthetic Income ETFs was mixed this week, with crypto-focused strategies posting impressive gains while certain energy and tech-covered call strategies struggled.
Top & Bottom 5 ETFs by Weekly Performance
The single best-performing ETF for the week was the Nicholas Crypto Income ETF (BLOX), which surged 13.98%. Conversely, the Amplify HACK Cybersecurity Covered Call ETF (HAKY) and the Defiance Oil Enhanced Options Income ETF (USOY) were the two worst performers, dropping -7.77% and -7.75% respectively.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| BLOX | Nicholas Crypto Income ETF | 13.98% |
| XBCI | NEOS Boosted Bitcoin High Income ETF | 12.88% |
| MAXI | Simplify Bitcoin Strategy PLUS Income ETF | 11.74% |
| SOXY | YieldMax Target 12 Semiconductor Option Income ETF | 10.08% |
| CHPY | YieldMax Semiconductor Portfolio Option Income ETF | 9.88% |
| Bottom Performers | ||
| HAKY | Amplify HACK Cybersecurity Covered Call ETF | -7.77% |
| USOY | Defiance Oil Enhanced Options Income ETF | -7.75% |
| YQQQ | YieldMax Short N100 Option Income Strategy ETF | -3.82% |
| XLEI | State Street Energy Select Sector SPDR Premium Income ETF | -2.90% |
| EGGS | NestYield Total Return Guard ETF | -2.46% |
Analyzing the Weekly Flows
The Synthetic Income channel generated $808 million in net inflows this week. The Equity category led the charge by a wide margin, absorbing $743 million to push its total AUM to $167.5 billion. The Fixed Income category also saw a modest but positive influx of $27 million. On the other end of the spectrum, the Single Stock category was the only segment to experience net outflows, shedding -$8 million over the 5-day period.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day Flow | 30 Day Flow | 90 Day Flow | YTD Flow | 1 Year Flow |
|---|---|---|---|---|---|---|---|
| Synthetic Income – Equity | 190 | $167,527M | $743M | $5,517M | $18,041M | $19,641M | $55,321M |
| Synthetic Income – Fixed Income | 21 | $5,168M | $27M | $184M | $486M | $527M | $1,845M |
| Synthetic Income – Commodity | 15 | $2,246M | $25M | $83M | $486M | $539M | $1,309M |
| Synthetic Income – Crypto | 22 | $1,553M | $21M | $132M | $346M | $383M | $2,061M |
| Synthetic Income – Multi-Asset | 5 | $380M | $1M | $5M | $177M | $177M | $213M |
| Synthetic Income – Single Stock | 104 | $7,323M | ($8M) | $291M | ($426M) | ($530M) | $10,745M |
Top & Bottom 5 ETFs by 5-Day Flow
Leading the way for individual funds, the NEOS Nasdaq 100 High Income ETF (QQQI) secured the top spot with a robust $224 million in weekly inflows. Meanwhile, the Global X NASDAQ 100 Covered Call ETF (QYLD) and the YieldMax Ultra Option Income Strategy ETF (ULTY) faced the heaviest redemptions, seeing outflows of -$80 million and -$39 million respectively.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| QQQI | NEOS Nasdaq 100 High Income ETF | $224M |
| JEPI | JPMorgan Equity Premium Income ETF | $201M |
| SPYI | NEOS S&P 500 High Income ETF | $124M |
| DIVO | Amplify CWP Enhanced Dividend Income ETF | $37M |
| ACYN | FT Vest Laddered Autocallable Barrier & Income ETF | $35M |
| Outflows | ||
| QYLD | Global X NASDAQ 100 Covered Call ETF | ($80M) |
| ULTY | YieldMax Ultra Option Income Strategy ETF | ($39M) |
| KNG | FT Vest S&P 500 Dividend Aristocrats Target Income ETF | ($22M) |
| JEPQ | JPMorgan NASDAQ Equity Premium Income ETF | ($21M) |
| CHPY | YieldMax Semiconductor Portfolio Option Income ETF | ($12M) |
Issuer League Table Update
The Synthetic Income landscape remains highly concentrated at the top, with JPMorgan dominating the space at a 44.06% market share, followed by Neos at 12.82%. Neos proved to be the standout asset gatherer this week, pulling in a massive $457 million in 5-day inflows to lead all issuers. Meanwhile, YieldMax and top-tier issuer Global X (the third-largest issuer in the channel) faced the heaviest headwinds, registering outflows of -$52 million and -$48 million respectively.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| JPMorgan | 5 | $81.16B | 44.06% |
| Neos | 18 | $23.62B | 12.82% |
| Global X | 17 | $13.09B | 7.11% |
| Amplify | 14 | $8.68B | 4.71% |
| FT Vest | 11 | $8.62B | 4.68% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| Neos | $457M |
| JPMorgan | $184M |
| Amplify | $55M |
| Outflows | |
| YieldMax | -$52M |
| Global X | -$48M |
| Roundhill | -$10M |
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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.
