Weekly Channel Summary
The Taxable Bond ETF channel, encompassing 712 funds from 147 issuers, holds a total of $2.32 trillion in assets under management. The channel attracted a net inflow of $7.14 billion for the week, continuing a strong period of asset gathering. This brings year-to-date net inflows to a substantial $325.04 billion, with the one-year total reaching $524.24 billion.
This Week’s Performance Leaders and Laggards
Taxable bond categories broadly declined this week, with longer-duration segments experiencing the steepest losses amid interest rate concerns. Government Ultrashort was the top-performing category, posting a modest gain of 0.06%. Conversely, the Long-Term category was the weakest performer, falling by 1.72% for the week. This weekly performance disparity is reflected year-to-date, where Government Ultrashort funds are up 2.03% while Long-Term funds are down 2.14%.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Taxable – Government Ultrashort | 0.06% | 0.32% | 0.89% | 1.79% | 2.03% | 3.87% |
| Taxable – Ultrashort | 0.02% | 0.30% | 0.96% | 1.82% | 2.14% | 4.40% |
| Taxable – Bank Loans | 0.01% | 0.74% | 1.24% | 1.09% | 1.36% | 4.13% |
| Taxable – Convertible | -0.00% | -5.39% | 1.42% | 9.67% | 15.52% | 22.88% |
| Municipal – Single State | -0.06% | — | — | — | — | — |
| Taxable – Government Short | -0.18% | 0.02% | 0.02% | 0.58% | 0.60% | 2.93% |
| Taxable – International USD | -0.27% | -1.17% | -0.05% | 0.16% | 0.41% | 1.80% |
| Taxable – Short-Term | -0.29% | -0.20% | -0.10% | 0.51% | 0.63% | 3.41% |
| Taxable – Inflation Protected | -0.45% | -0.18% | -0.69% | 0.83% | 1.06% | 2.84% |
| Taxable – Emerging | -0.55% | -0.12% | -0.39% | -0.80% | 0.76% | 5.67% |
| Taxable – High Yield | -0.58% | -0.30% | 0.09% | 0.79% | 1.41% | 4.83% |
| Taxable – Multisector | -0.58% | -0.62% | -0.09% | 0.42% | 0.88% | 4.52% |
| Taxable – Government Intermediate | -0.63% | -0.94% | -1.14% | -0.64% | -0.76% | 2.26% |
| Taxable – Securitized | -0.68% | -1.22% | -1.04% | -0.29% | 0.02% | 4.64% |
| Taxable – Preferred Stock | -0.69% | -0.85% | -1.94% | -1.69% | 0.42% | 3.83% |
| Taxable – International | -0.72% | -0.76% | -2.66% | -3.27% | -2.30% | -2.09% |
| Taxable – Core | -0.76% | -1.37% | -1.14% | -0.68% | -0.48% | 3.14% |
| Taxable – Core Enhanced | -0.78% | -1.36% | -1.06% | -0.57% | -0.28% | 3.51% |
| Taxable – Emerging USD | -0.91% | -1.59% | -0.43% | 0.40% | 0.91% | 7.66% |
| Taxable – Corporate | -0.95% | -1.65% | -1.35% | -1.04% | -0.76% | 3.06% |
| Taxable – Government Long | -1.26% | -3.23% | -2.41% | -2.37% | -1.99% | 1.77% |
| Taxable – Long-Term | -1.72% | -4.13% | -2.75% | -3.12% | -2.14% | 2.09% |
Top & Bottom 5 ETFs by Weekly Performance
The Regan Fixed Rate MBS ETF (MBSX) was a significant outlier, delivering a weekly return of 4.62% that far outpaced its peers. On the other end of the spectrum, funds sensitive to interest rate movements saw significant declines. The Simplify Intermediate Term Treasury Futures Strategy ETF (TYA) was the worst performer, dropping 2.42%, while long-duration funds like the iShares 25+ Year Treasury STRIPS Bond ETF (GOVZ) also posted losses exceeding 2.0%.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| MBSX | Regan Fixed Rate MBS ETF | 4.62% |
| TFFI | Chesapeake Trend-Following Fixed Income ETF | 0.80% |
| DADS | Digital Asset Debt Strategy ETF | 0.71% |
| TOAK | Twin Oak Short Horizon Absolute Return ETF | 0.40% |
| AAA | Alternative Access First Priority CLO Bond ETF | 0.40% |
| Bottom Performers | ||
| TYA | Simplify Intermediate Term Treasury Futures Strategy ETF | -2.42% |
| VPC | Virtus Private Credit Strategy ETF | -2.28% |
| DWWN | Principal Long Duration ETF | -2.14% |
| GOVZ | iShares 25+ Year Treasury STRIPS Bond ETF | -2.13% |
| EDV | Vanguard Extended Duration Treasury ETF | -2.09% |
Analyzing the Weekly Flows
Taxable bond ETFs gathered $7.14 billion in net new assets, underscoring continued investor demand for fixed income. Investor capital was concentrated in the Multi-Sector and Government segments, which attracted $4.83 billion and $2.78 billion, respectively. In contrast, the Corporate segment experienced the largest outflows, shedding $935 million. This risk-off sentiment was also visible by credit type, as Investment Grade funds brought in $6.47 billion while High Yield funds saw net redemptions of $810 million.
Flows by Segment
| Segment | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Multi-Sector | 298 | $967.44B | $4,828M | $23,073M | $70,820M | $145,279M | $242,246M |
| Government | 130 | $719.85B | $2,780M | $15,190M | $38,769M | $114,426M | $175,218M |
| Bank Loans | 49 | $69.07B | $441M | $2,418M | $6,814M | $11,781M | $15,621M |
| Securitized | 46 | $107.60B | $115M | $852M | $3,910M | $7,685M | $12,323M |
| Cat Bonds | 1 | $81M | $2M | $5M | $8M | $47M | $72M |
| Preferred Stock | 30 | $42.96B | -$94M | $425M | $1,389M | $1,893M | $3,519M |
| Corporate | 158 | $408.07B | -$935M | $8,102M | $24,569M | $43,926M | $75,238M |
Flows by Credit Type
| Credit Type | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Credit: Investment Grade | 369 | $1,849.56B | $6,474M | $38,628M | $107,752M | $259,535M | $407,485M |
| Credit: Blend | 186 | $270.27B | $1,465M | $8,693M | $27,495M | $55,101M | $92,261M |
| Specialty: Interest Rate Volatility | 1 | $88M | $0M | $23M | $66M | $68M | $68M |
| Credit: High Yield | 153 | $194.90B | -$810M | $2,694M | $10,880M | $10,218M | $24,201M |
Flows by Duration
| Duration | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Duration: Ultrashort | 146 | $490.91B | $2,833M | $11,353M | $38,975M | $108,579M | $147,378M |
| Duration: Intermediate | 411 | $1,325.93B | $2,164M | $27,424M | $84,808M | $173,539M | $295,386M |
| Duration: Short | 90 | $303.46B | $1,522M | $5,458M | $17,304M | $38,175M | $62,425M |
| Duration: Long | 62 | $194.51B | $610M | $5,803M | $5,108M | $4,629M | $18,826M |
Top & Bottom 5 ETFs by 5-Day Flow
The iShares 0-3 Month Treasury Bond ETF (SGOV) led all funds with inflows of $986 million, followed closely by the Vanguard Short-Term Bond ETF (BSV) which added $869 million, highlighting a clear preference for short-duration government and high-quality debt. Meanwhile, investors moved out of corporate credit exposure, with the iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) experiencing the largest redemptions of the week at $792 million. The iShares iBoxx $ High Yield Corporate Bond ETF (HYG) also saw significant outflows, losing $549 million.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| SGOV | iShares 0-3 Month Treasury Bond ETF | $986M |
| BSV | Vanguard Short-Term Bond ETF | $869M |
| BND | Vanguard Total Bond Market ETF | $595M |
| PAAA | PGIM AAA CLO ETF | $497M |
| TLT | iShares 20+ Year Treasury Bond ETF | $414M |
| Outflows | ||
| LQD | iShares iBoxx $ Investment Grade Corporate Bond ETF | -$792M |
| HYG | iShares iBoxx $ High Yield Corporate Bond ETF | -$549M |
| IQMM | ProShares GENIUS Money Market ETF | -$325M |
| BIV | Vanguard Intermediate-Term Bond ETF | -$274M |
| JNK | State Street SPDR Bloomberg High Yield Bond ETF | -$268M |
Issuer League Table Update
iShares and Vanguard continue to dominate the taxable bond landscape, commanding 36.41% and 26.21% of the market share, respectively. Vanguard led all issuers in asset gathering this week, pulling in a net $2.21 billion across its fund lineup. iShares also saw strong demand, attracting $1.82 billion in new assets. On the other side of the ledger, ProShares recorded the largest net outflows among issuers, with redemptions totaling $316 million.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| iShares | 88 | $842.87B | 36.41% |
| Vanguard | 31 | $606.78B | 26.21% |
| SPDR | 36 | $173.00B | 7.47% |
| JPMorgan | 20 | $95.55B | 4.13% |
| Schwab | 12 | $77.66B | 3.35% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| Vanguard | $2,211M |
| iShares | $1,824M |
| PGIM | $866M |
| Outflows | |
| ProShares | -$316M |
| Invesco | -$142M |
| Simplify | -$30M |
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.
