Weekly Channel Summary
The Synthetic Income ETF channel demonstrated robust growth this week, concluding with a total of $158 billion in Assets Under Management (AUM) across 265 ETFs from 58 different issuers. The channel saw significant positive movement, attracting $1.58 billion in net flows over the past five days. This continues a strong trend for the year, with Year-to-Date (YTD) flows reaching $54.67 billion and flows over the past year totaling an impressive $70.04 billion.
This Week’s Performance Leaders and Laggards
This week’s performance was largely influenced by commodity and energy sectors, which saw significant gains. In contrast, digital assets, particularly those linked to cryptocurrencies, experienced a notable downturn, leading the list of laggards.
Top & Bottom 5 ETFs by Weekly Performance
The standout performer this week was the Amplify SILJ Covered Call ETF (SLJY), which posted a strong Week-to-Date (WTD) return of 4.45%. On the other end of the spectrum, the Grayscale Ethereum Covered Call ETF (ETCO) and the Simplify Bitcoin Strategy PLUS Income ETF (MAXI) were the week’s biggest laggards, with WTD returns of -9.28% and -9.21% respectively, reflecting the broader weakness in the cryptocurrency space.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| SLJY | Amplify SILJ Covered Call ETF | 4.45% |
| YGLD | Simplify Gold Strategy PLUS Income ETF | 3.62% |
| XLEI | Energy Select Sector SPDR Premium Income Fund | 3.37% |
| GDXY | YieldMax Gold Miners Option Income Strategy ETF | 3.35% |
| WEEI | Westwood Salient Enhanced Energy Income ETF | 3.17% |
| Bottom Performers | ||
| ETCO | Grayscale Ethereum Covered Call ETF | -9.28% |
| MAXI | Simplify Bitcoin Strategy PLUS Income ETF | -9.21% |
| YETH | Roundhill Ether Covered Call Strategy ETF | -7.82% |
| XBTY | GraniteShares YieldBOOST Bitcoin ETF | -7.67% |
| BLOX | Nicholas Crypto Income ETF | -5.42% |
Analyzing the Weekly Flows
The channel experienced a healthy net inflow of $1.56 billion this week. The ‘Synthetic Income – Equity’ category led the way, pulling in $928 million and holding the largest AUM at $137.3 billion. The ‘Synthetic Income – Single Stock’ category also saw significant interest with $394 million in inflows. Notably, no category experienced significant 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 | 143 | $137,275M | $928M | $4,334M | $14,192M | $39,426M | $50,937M |
| Synthetic Income – Single Stock | 69 | $13,452M | $394M | $842M | $3,656M | $12,285M | $15,728M |
| Synthetic Income – Crypto | 14 | $1,683M | $154M | $430M | $959M | $1,547M | $1,718M |
| Synthetic Income – Commodity | 10 | $1,240M | $43M | $159M | $252M | $425M | $521M |
| Synthetic Income – Fixed Income | 18 | $3,948M | $38M | $173M | $451M | $910M | $1,046M |
| Synthetic Income – Multi-Asset | 3 | $187M | $4M | $7M | $18M | $31M | $41M |
Top & Bottom 5 ETFs by 5-Day Flow
On an individual ETF basis, the NEOS Nasdaq 100 High Income ETF (QQQI) was the clear winner, attracting $315 million in new assets. Conversely, the FT Vest Rising Dividend Achievers Target Income ETF (RDVI) experienced the largest outflow at -$230 million, followed closely by the JPMorgan Equity Premium Income ETF (JEPI) with an outflow of -$74 million.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| QQQI | NEOS Nasdaq 100 High Income ETF | $315M |
| SPYI | NEOS S&P 500 High Income ETF | $183M |
| ULTY | YieldMax Ultra Option Income Strategy ETF | $116M |
| BTCI | NEOS Bitcoin High Income ETF | $115M |
| JEPQ | JPMorgan NASDAQ Equity Premium Income ETF | $96M |
| Outflows | ||
| RDVI | FT Vest Rising Dividend Achievers Target Income ETF | ($230M) |
| JEPI | JPMorgan Equity Premium Income ETF | ($74M) |
| SDVD | FT Vest SMID Rising Dividend Achievers Target Income ETF | ($65M) |
| USDX | SGI Enhanced Core ETF | ($55M) |
| QYLD | Global X NASDAQ 100 Covered Call ETF | ($25M) |
Issuer League Table Update
JPMorgan continues to dominate the issuer landscape, holding a commanding 45.35% of the market share, followed by YieldMax with 11.16%. This week’s flow leader was Neos, which successfully gathered $702 million in new assets. Among the top-tier issuers, FT Vest experienced the largest weekly outflows, shedding $272 million.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| JPMorgan | 3 | $71.58B | 45.35% |
| YieldMax | 55 | $17.62B | 11.16% |
| Neos | 13 | $13.21B | 8.37% |
| Global X | 15 | $12.84B | 8.13% |
| FT Vest | 11 | $7.32B | 4.64% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| Neos | $702M |
| YieldMax | $409M |
| Roundhill | $144M |
| Outflows | |
| FT Vest | -$272M |
| Summit Global Investments | -$63M |
| Global X | -$12M |
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.
