Weekly Channel Summary
The Taxable Fixed Income channel continues to show significant scale and activity as of mid-January 2026. The channel currently encompasses 659 ETFs managed by 136 distinct issuers, representing a total of $2,062 billion in assets under management (AUM). Flow activity remained robust this week with $14.90 billion in net new assets. This builds on a strong start to the year, with Year-to-Date (YTD) flows reaching $27.20 billion, while the trailing 12-month period has seen a massive $390.52 billion in total inflows.
This Week’s Performance Leaders and Laggards
Performance across fixed income categories was mixed this week, though higher-risk segments saw strong bids. The Convertible bond category led the way with a significant 1.66% return for the week, pushing its YTD performance to 4.95%. Preferred Stock also outperformed with a 0.39% gain. Conversely, the Government Long segment was the primary laggard, falling 0.25% as interest rates likely faced upward pressure. Despite the weekly dip, most categories remain in positive territory for the young year.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Convertible | 1.66% | 5.10% | 1.24% | 7.43% | 4.95% | 25.20% |
| Preferred Stock | 0.39% | 1.47% | 1.92% | 5.33% | 1.28% | 7.24% |
| High Yield | 0.22% | 1.19% | 1.90% | 4.44% | 0.63% | 8.24% |
| Bank Loans | 0.22% | 0.91% | 2.10% | 2.53% | 0.59% | 5.43% |
| Emerging | 0.21% | 1.14% | 2.80% | 6.47% | 0.48% | 14.08% |
| Emerging USD | 0.13% | 0.52% | 2.27% | 7.48% | 0.19% | 12.53% |
| Ultrashort | 0.12% | 0.47% | 1.24% | 2.69% | 0.26% | 5.19% |
| International USD | 0.07% | 0.45% | -0.09% | 1.82% | 0.29% | 4.25% |
| Government Ultrashort | 0.07% | 0.32% | 0.99% | 2.10% | 0.16% | 4.22% |
| Multisector Taxable | 0.06% | 0.71% | 0.96% | 4.12% | 0.42% | 7.25% |
| Short-Term | 0.01% | 0.32% | 0.82% | 3.02% | 0.11% | 6.22% |
| Long-Term | 0.00% | 0.65% | -1.08% | 6.06% | 0.52% | 8.52% |
| Corporate | -0.05% | 0.37% | -0.03% | 4.21% | 0.15% | 8.01% |
| Government Short | -0.06% | 0.07% | 0.48% | 2.42% | -0.06% | 5.16% |
| Core Enhanced | -0.07% | 0.42% | 0.33% | 4.34% | 0.22% | 7.64% |
| Securitized | -0.09% | 0.48% | 0.91% | 4.48% | 0.27% | 8.01% |
| Inflation Protected | -0.10% | 0.21% | -0.47% | 2.22% | 0.13% | 6.21% |
| Core | -0.11% | 0.28% | 0.11% | 4.13% | 0.12% | 7.25% |
| International | -0.16% | -0.34% | -0.30% | 1.41% | -0.44% | 11.92% |
| Government Intermediate | -0.24% | -0.15% | -0.38% | 3.20% | -0.20% | 6.86% |
| Government Long | -0.25% | 0.05% | -2.52% | 5.19% | 0.21% | 6.10% |
Top & Bottom 5 ETFs by Weekly Performance
Individual fund results were highlighted by the Digital Asset Debt Strategy ETF (DADS), which surged 4.64% on the week. On the other end of the spectrum, the Simplify Intermediate Term Treasury Futures Strategy ETF (TYA) and the Aptus Defined Risk ETF (DRSK) struggled, posting losses of 1.16% and 0.94%, respectively.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| DADS | Digital Asset Debt Strategy ETF | 4.64% |
| BMAX | REX Bitcoin Corporate Treasury Convertible Bond ETF | 3.35% |
| FCVT | First Trust SSI Strategic Convertible Securities ETF | 1.99% |
| ICVT | iShares Convertible Bond ETF | 1.77% |
| CWB | State Street SPDR Bloomberg Convertible Securities ETF | 1.57% |
| Bottom Performers | ||
| TYA | Simplify Intermediate Term Treasury Futures Strategy ETF | -1.16% |
| DRSK | Aptus Defined Risk ETF | -0.94% |
| SPFF | Global X Superincome Preferred ETF | -0.73% |
| TUA | Simplify Short Term Treasury Futures Strategy ETF | -0.53% |
| LGOV | First Trust Long Duration Opportunities ETF | -0.40% |
Analyzing the Weekly Flows
Net inflows for the channel were incredibly strong this week, totaling $14.90 billion. The Multi-Sector segment was the primary driver of these gains, attracting $7.11 billion in new capital. From a credit perspective, Investment Grade funds were the clear choice for investors, gathering $11.23 billion, while Intermediate duration funds led implementation styles with $11.29 billion. The only notable weakness in the top-level tables was a minor $8 million outflow from the Preferred Stock segment.
Flows by Segment
| Segment | Fund Count | AUM | 5 Day Flow | 30 Day Flow | 90 Day Flow | YTD Flow | 1 Year Flow |
|---|---|---|---|---|---|---|---|
| FI: Multi-Sector | 277 | $856.3B | $7,111M | $27,265M | $63,340M | $15,077M | $192,453M |
| Fl: Government | 116 | $626.0B | $5,129M | $13,984M | $38,062M | $7,575M | $121,863M |
| FI: Corporate | 165 | $376.3B | $1,573M | $2,099M | $13,157M | $1,869M | $46,197M |
| FI: Bank Loans | 37 | $59.9B | $1,063M | $2,667M | $2,538M | $2,074M | $10,622M |
| FI: Securitized | 37 | $102.6B | $32M | $1,284M | -$274M | $657M | $17,543M |
| FI: Cat Bonds | 1 | $0.0B | $0M | $7M | $23M | $1M | $35M |
| FI: Preferred Stock | 25 | $40.6B | -$8M | $100M | $466M | -$59M | $1,806M |
Flows by Credit Type
| Credit Type | Fund Count | AUM | 5 Day Flow | 30 Day Flow | 90 Day Flow | YTD Flow | 1 Year Flow |
|---|---|---|---|---|---|---|---|
| Credit: Investment Grade | 343 | $1,648.9B | $11,231M | $35,892M | $83,766M | $20,776M | $295,936M |
| Credit: Blend | 165 | $225.1B | $3,225M | $9,669M | $25,814M | $5,546M | $70,264M |
| Credit: High Yield | 149 | $187.6B | $445M | $1,840M | $7,673M | $872M | $24,212M |
Flows by Duration
| Duration | Fund Count | AUM | 5 Day Flow | 30 Day Flow | 90 Day Flow | YTD Flow | 1 Year Flow |
|---|---|---|---|---|---|---|---|
| Duration: Intermediate | 394 | $1,203.8B | $11,288M | $30,694M | $72,836M | $18,119M | $231,753M |
| Duration: Ultrashort | 123 | $389.7B | $2,023M | $10,838M | $23,720M | $6,763M | $104,460M |
| Duration: Short | 84 | $271.1B | $1,450M | $5,278M | $13,893M | $2,739M | $42,982M |
| Duration: Long | 56 | $197.1B | $140M | $591M | $6,803M | -$426M | $11,218M |
Top & Bottom 5 ETFs by 5-Day Flow
The Vanguard Intermediate-Term Corporate Bond ETF (VCIT) was the standout inflow leader, attracting $2,426 million. Conversely, the iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) experienced the heaviest liquidations with $1,706 million in outflows, followed by the Xtrackers USD High Yield Corporate Bond ETF (HYLB) with $455 million in redemptions.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| VCIT | Vanguard Intermediate-Term Corporate Bond ETF | $2,426M |
| VGIT | Vanguard Intermediate-Term Treasury ETF | $2,202M |
| GOVT | iShares U.S. Treasury Bond ETF | $1,546M |
| PYLD | PIMCO Multisector Bond Active Exchange-Traded Fund | $649M |
| BND | Vanguard Total Bond Market ETF | $646M |
| Outflows | ||
| LQD | iShares iBoxx $ Investment Grade Corporate Bond ETF | -$1,706M |
| HYLB | Xtrackers USD High Yield Corporate Bond ETF | -$455M |
| HYG | iShares iBoxx $ High Yield Corporate Bond ETF | -$356M |
| SPIB | State Street SPDR Portfolio Intermediate Term Corporate Bond ETF | -$346M |
| TLT | iShares 20+ Year Treasury Bond ETF | -$309M |
Issuer League Table Update
The taxable fixed income landscape remains highly concentrated, with iShares (37.66%) and Vanguard (26.82%) collectively controlling nearly 65% of the total market share. Vanguard was the dominant force in asset gathering this week, securing $7,767 million in net inflows. On the other hand, Xtrackers faced the most significant weekly outflows among major brands, losing $416 million.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| iShares | 84 | $776.65B | 37.66% |
| Vanguard | 30 | $553.15B | 26.82% |
| SPDR | 39 | $164.24B | 7.96% |
| JPMorgan | 19 | $77.43B | 3.76% |
| Schwab | 12 | $70.38B | 3.41% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| Vanguard | $7,767M |
| iShares | $1,331M |
| JPMorgan | $1,023M |
| Outflows | |
| Xtrackers | -$416M |
| SPDR | -$60M |
| F/m | -$43M |
For a deeper dive into these trends, access our FREE, in-depth Taxable 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.
