Weekly Channel Summary
The Synthetic Income ETF channel demonstrated solid growth this past week, attracting $836 million in net flows. This brings the year-to-date total to an impressive $56.44 billion and the one-year total to $70.13 billion. The channel now comprises 277 ETFs from 59 different issuers, with a combined total Assets Under Management (AUM) of $161.7 billion.
This Week’s Performance Leaders and Laggards
The performance landscape for Synthetic Income ETFs showed significant divergence this week. Precious metals strategies were the clear winners, benefiting from positive momentum in the underlying commodities. In contrast, cryptocurrency-linked income strategies faced substantial headwinds, occupying the majority of the bottom performer spots.
Top & Bottom 5 ETFs by Weekly Performance
The standout performer this week was the Kurv Gold Enhanced Income ETF (KGLD), which delivered a remarkable 2.40% return. On the other end of the spectrum, the Defiance Leveraged Long Income Ethereum ETF (ETHI) was the worst performer with a steep decline of -21.57%, closely followed by the Simplify Bitcoin Strategy PLUS Income ETF (MAXI), which fell by -11.10%, highlighting a challenging week for crypto-related income products.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| KGLD | Kurv Gold Enhanced Income ETF | 2.40% |
| YGLD | Simplify Gold Strategy PLUS Income ETF | 2.08% |
| IAUI | NEOS Gold High Income ETF | 1.92% |
| SLTY | YieldMax Ultra Short Option Income Strategy ETF | 1.75% |
| USG | USCF Gold Strategy Plus Income Fund ETF | 1.60% |
| Bottom Performers | ||
| ETHI | Defiance Leveraged Long Income Ethereum ETF | -21.57% |
| MAXI | Simplify Bitcoin Strategy PLUS Income ETF | -11.10% |
| YETH | Roundhill Ether Covered Call Strategy ETF | -10.77% |
| ETCO | Grayscale Ethereum Covered Call ETF | -8.41% |
| NDIV | Amplify Natural Resources Dividend Income ETF | -6.99% |
Analyzing the Weekly Flows
The Synthetic Income channel attracted a total of $836 million in net flows this week. The dominant category was Synthetic Income – Equity, which pulled in $537 million and holds a commanding AUM of over $140 billion. The Synthetic Income – Single Stock category also saw significant interest with $199 million in inflows. There were no categories with major outflows, indicating broad positive sentiment across the channel.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Synthetic Income – Equity | 146 | $140,023M | $537M | $4,073M | $14,028M | $40,809M | $50,959M |
| Synthetic Income – Single Stock | 73 | $14,279M | $199M | $743M | $3,466M | $12,491M | $15,626M |
| Synthetic Income – Commodity | 10 | $1,322M | $34M | $164M | $306M | $476M | $568M |
| Synthetic Income – Fixed Income | 18 | $4,068M | $34M | $188M | $506M | $1,023M | $1,181M |
| Synthetic Income – Crypto | 15 | $1,866M | $30M | $328M | $971M | $1,606M | $1,752M |
| Synthetic Income – Multi-Asset | 3 | $191M | $1M | $8M | $10M | $31M | $42M |
Top & Bottom 5 ETFs by 5-Day Flow
The NEOS Nasdaq 100 High Income ETF (QQQI) was the week’s biggest asset gatherer, pulling in a substantial $173 million. On the flip side, two offerings from JPMorgan saw the largest redemptions: the JPMorgan NASDAQ Equity Premium Income ETF (JEPQ) experienced outflows of $143 million, and the JPMorgan Equity Premium Income ETF (JEPI) saw $80 million exit the fund.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| QQQI | NEOS Nasdaq 100 High Income ETF | $173M |
| BALI | iShares Advantage Large Cap Income ETF | $88M |
| WPAY | Roundhill WeeklyPay Universe ETF | $72M |
| SPYI | NEOS S&P 500 High Income ETF | $61M |
| EIPI | FT Energy Income Partners Enhanced Income ETF | $43M |
| Outflows | ||
| JEPQ | JPMorgan NASDAQ Equity Premium Income ETF | -$143M |
| JEPI | JPMorgan Equity Premium Income ETF | -$80M |
| KNG | FT Vest S&P 500 Dividend Aristocrats Target Income ETF | -$32M |
| XYLD | Global X S&P 500 Covered Call ETF | -$27M |
| RYLD | Global X Russell 2000 Covered Call ETF | -$14M |
Issuer League Table Update
JPMorgan continues to dominate the issuer landscape with a 44.57% market share, followed by YieldMax at 11.18%. This week’s flow leader was Neos, which successfully gathered $271 million in new assets. Among the top-tier issuers, JPMorgan experienced the largest outflows, shedding $223 million over the past five days.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| JPMorgan | 3 | $72.10B | 44.57% |
| YieldMax | 57 | $18.08B | 11.18% |
| Neos | 13 | $13.99B | 8.64% |
| Global X | 15 | $12.91B | 7.98% |
| FT Vest | 11 | $7.46B | 4.61% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| Neos | $271M |
| Roundhill | $223M |
| iShares | $107M |
| Outflows | |
| JPMorgan | -$223M |
| Global X | -$48M |
| Simplify | -$9M |
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.
