Weekly Channel Summary
The Synthetic Income ETF channel continues to showcase substantial scale and momentum in the market. As of May 22, 2026, the channel comprises 401 ETFs across 71 issuers, managing a combined $200 billion in total assets under management (AUM). Investor interest remains exceptionally strong, with the category gathering $2.15 billion in net inflows over the past week (5 Day). This recent activity bolsters a robust year-to-date (YTD) net flow of $31.40 billion and an impressive 1-year total flow of $73.95 billion.
This Week’s Performance Leaders and Laggards
Performance across the Synthetic Income channel varied significantly this week, driven primarily by diverse underlying strategies. Thematic and tech-focused option strategies dominated the top of the leaderboard, while cryptocurrency-based covered call strategies faced substantial headwinds.
Top & Bottom 5 ETFs by Weekly Performance
Leading the pack this week was the Tuttle Capital Space Industry Income Blast ETF (SPCI), which surged 14.57% in week-to-date (WTD) returns. Conversely, Ethereum-based strategies struggled significantly, with the Amplify Ethereum Max Income Covered Call ETF (EHY) and the Grayscale Ethereum Covered Call ETF (ETCO) declining by -7.96% and -7.85%, respectively.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| SPCI | Tuttle Capital Space Industry Income Blast ETF | 14.57% |
| ULTI | REX IncomeMax Option Strategy ETF | 10.08% |
| MEMY | Tuttle Capital Meme Stock Income Blast ETF | 7.69% |
| SOXY | YieldMax Target 12 Semiconductor Option Income ETF | 6.90% |
| CHPY | YieldMax Semiconductor Portfolio Option Income ETF | 6.27% |
| Bottom Performers | ||
| EHY | Amplify Ethereum Max Income Covered Call ETF | -7.96% |
| ETCO | Grayscale Ethereum Covered Call ETF | -7.85% |
| ETTY | Amplify Ethereum 3% Monthly Option Income ETF | -7.66% |
| YETH | Roundhill Ether Covered Call Strategy ETF | -6.81% |
| NEHI | NEOS Ethereum High Income ETF | -6.55% |
Analyzing the Weekly Flows
The Synthetic Income channel attracted an impressive $2.15 billion in net inflows this past week. The broadly defined Synthetic Income – Equity category was the primary driver, capturing $1.79 billion in new assets to bring its total AUM to $181.35 billion. The Synthetic Income – Single Stock category also saw notable interest, adding $206 million. Interestingly, no major category within the channel experienced net outflows over the 5-day period, underscoring a broad-based demand for yield-generating synthetic strategies.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day Flow | 30 Day Flow | 90 Day Flow | YTD Flow | 1 Year Flow |
|---|---|---|---|---|---|---|---|
| Synthetic Income – Equity | 215 | $181,351M | $1,790M | $6,760M | $17,865M | $28,824M | $58,649M |
| Synthetic Income – Single Stock | 107 | $8,288M | $206M | $539M | $728M | ($12M) | $9,128M |
| Synthetic Income – Commodity | 15 | $2,343M | $60M | $159M | $380M | $750M | $1,492M |
| Synthetic Income – Crypto | 24 | $1,876M | $60M | $245M | $461M | $684M | $2,233M |
| Synthetic Income – Fixed Income | 23 | $5,499M | $35M | $275M | $686M | $930M | $2,197M |
| Synthetic Income – Multi-Asset | 5 | $433M | $0M | $4M | $53M | $216M | $243M |
| Grand Total | 389 | $199,789M | $2,151M | $7,982M | $20,173M | $31,391M | $73,940M |
Top & Bottom 5 ETFs by 5-Day Flow
On an individual fund level, the NEOS Nasdaq 100 High Income ETF (QQQI) led all peers by gathering $390 million in just five days. On the other end of the spectrum, the FT Vest S&P 500 Dividend Aristocrats Target Income ETF (KNG) and the Aptus Collared Investment Opportunity ETF (ACIO) saw the largest net redemptions, losing -$15 million and -$9 million, respectively.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| QQQI | NEOS Nasdaq 100 High Income ETF | $390M |
| SPYI | NEOS S&P 500 High Income ETF | $194M |
| GPIX | Goldman Sachs S&P 500 Premium Income ETF | $190M |
| JEPQ | JPMorgan NASDAQ Equity Premium Income ETF | $118M |
| GPIQ | Goldman Sachs Nasdaq-100 Premium Income ETF | $86M |
| Outflows | ||
| KNG | FT Vest S&P 500 Dividend Aristocrats Target Income ETF | ($15M) |
| ACIO | Aptus Collared Investment Opportunity ETF | ($9M) |
| TLTP | Amplify TLT U.S. Treasury 12% Option Income ETF | ($8M) |
| TLTW | iShares 20+ Year Treasury Bond BuyWrite Strategy ETF | ($7M) |
| NBOS | Neuberger Option Strategy ETF | ($6M) |
Issuer League Table Update
The issuer landscape remains highly concentrated at the top, with JPMorgan leading the pack managing $83.48 billion in assets (41.78% market share), followed by Neos with $28.25 billion (14.14% market share). Neos captured the top spot for weekly asset gathering, bringing in $795 million over the past 5 days. Remarkably, none of the top five largest issuers by AUM experienced net outflows this week, underscoring the category’s top-heavy resilience; the largest outflows were seen by middle-tier issuers such as Neuberger Berman and Aptus.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| JPMorgan | 5 | $83.48B | 41.78% |
| Neos | 18 | $28.25B | 14.14% |
| Global X | 17 | $13.28B | 6.65% |
| YieldMax | 62 | $9.96B | 4.98% |
| Amplify | 16 | $9.12B | 4.56% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| Neos | $795M |
| Goldman Sachs | $276M |
| YieldMax | $245M |
| Outflows | |
| Neuberger Berman | ($6M) |
| Aptus | ($5M) |
| GraniteShares | ($4M) |
For a deeper dive into these trends, access our FREE, in-depth 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.
