Weekly Channel Summary
The Synthetic Income channel, comprising 404 ETFs from 74 issuers, now holds $210.88 billion in total assets under management. Investors added a net $2.15 billion to the channel over the past week, contributing to a year-to-date inflow of $46.87 billion. Over the last twelve months, the channel has attracted a substantial $75.64 billion in new capital.
This Week’s Performance Leaders and Laggards
Commodity-focused funds led performance this week with a 1.76% gain, though they remain slightly negative on a year-to-date basis. In contrast, Single Stock strategies were the weakest performers, falling 2.71% for the week. Equity funds, the largest category by assets, dipped a slight 0.33% but still hold the top spot for year-to-date performance with a 6.75% return.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Commodity | 1.76% | 3.84% | -11.32% | -9.44% | -0.42% | 17.74% |
| Crypto | 0.30% | 7.57% | -16.25% | -26.95% | -25.47% | -42.09% |
| Equity | -0.33% | 0.06% | 2.21% | 4.69% | 6.75% | 14.99% |
| Fixed Income | -0.53% | -1.32% | -0.49% | 0.69% | 1.20% | 5.37% |
| Multi-Asset | -0.59% | -0.57% | 1.36% | 3.45% | 4.49% | 14.08% |
| Single Stock | -2.71% | -0.90% | -4.75% | -1.22% | 2.28% | 6.95% |
Top & Bottom 5 ETFs by Weekly Performance
The Nicholas Crypto Income ETF (BLOX) was the top-performing fund, surging 8.25% for the week, followed closely by the Defiance Oil Enhanced Options Income ETF (USOY) which rose 7.20%. On the downside, the REX IncomeMax Option Strategy ETF (ULTI) posted the largest loss at -6.04%. Several funds with Magnificent Seven exposure, such as the YieldMax Magnificent 7 Fund of Option Income ETFs (YMAG), also faced notable declines.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| BLOX | Nicholas Crypto Income ETF | 8.25% |
| USOY | Defiance Oil Enhanced Options Income ETF | 7.20% |
| GDXW | Roundhill Gold Miners WeeklyPay ETF | 6.56% |
| SLVX | Nicholas Silver Income ETF | 5.51% |
| LFGY | YieldMax Crypto Industry & Tech Portfolio Option Income ETF | 4.80% |
| Bottom Performers | ||
| ULTI | REX IncomeMax Option Strategy ETF | -6.04% |
| YMAG | YieldMax Magnificent 7 Fund of Option Income ETFs | -5.11% |
| HAKY | Amplify HACK Cybersecurity Covered Call ETF | -5.11% |
| MAGY | Roundhill Magnificent Seven Covered Call ETF | -5.00% |
| XLYI | State Street Consumer Discretionary Select Sector SPDR Premium Income ETF | -4.54% |
Analyzing the Weekly Flows
Investors poured a net $2.15 billion into the Synthetic Income channel this week, with every category finishing in positive territory. Equity funds captured the vast majority of these flows, attracting over $1.88 billion in new assets. Single Stock strategies followed with a distant $153 million in net inflows, while Fixed Income funds brought in $68 million.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Equity | 223 | $192.96B | $1,881M | $8,521M | $19,838M | $42,722M | $63,518M |
| Single Stock | 110 | $7.53B | $153M | $295M | $1,087M | $622M | $5,761M |
| Fixed Income | 25 | $5.83B | $68M | $265M | $714M | $1,338M | $2,353M |
| Crypto | 23 | $1.73B | $27M | $92M | $447M | $903M | $2,071M |
| Commodity | 16 | $2.22B | $22M | $67M | $389M | $1,021M | $1,662M |
| Multi-Asset | 6 | $476M | $2M | $37M | $46M | $260M | $275M |
Top & Bottom 5 ETFs by 5-Day Flow
The NEOS Nasdaq 100 High Income ETF (QQQI) was the clear leader, pulling in a massive $699 million in net new assets. Its counterpart, the NEOS S&P 500 High Income ETF (SPYI), also had a strong showing with $276 million in inflows. On the other hand, YieldMax products saw the largest redemptions, led by the YieldMax Ultra Option Income Strategy ETF (ULTY) with -$28 million and the YieldMax AI & Tech Portfolio Option Income ETF (GPTY) with -$25 million.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| QQQI | NEOS Nasdaq 100 High Income ETF | $699M |
| SPYI | NEOS S&P 500 High Income ETF | $276M |
| JEPQ | JPMorgan NASDAQ Equity Premium Income ETF | $147M |
| ACYN | FT Vest Laddered Autocallable Barrier & Income ETF | $86M |
| GPIX | Goldman Sachs S&P 500 Premium Income ETF | $82M |
| Outflows | ||
| ULTY | YieldMax Ultra Option Income Strategy ETF | -$28M |
| GPTY | YieldMax AI & Tech Portfolio Option Income ETF | -$25M |
| TSMY | YieldMax TSM Option Income Strategy ETF | -$24M |
| AMDY | YieldMax AMD Option Income Strategy ETF | -$24M |
| QDTY | YieldMax Nasdaq 100 0DTE Covered Call Strategy ETF | -$22M |
Note: the following fund(s) were excluded from the flow totals above because the weekly flow exceeds 75% of the fund’s AUM and may be the result of a custom rebalance: AMDW ($99M).
Issuer League Table Update
JPMorgan continues to lead the channel with a 40.5% market share, followed by Neos with a 14.82% share. However, Neos was the dominant force in asset gathering this week, attracting over $1.13 billion in net inflows. JPMorgan also saw healthy demand, adding $193 million, while GraniteShares posted the largest net outflow among issuers at $7 million.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| JPMorgan | 5 | $85.40B | 40.50% |
| Neos | 18 | $31.26B | 14.82% |
| Global X | 17 | $13.27B | 6.29% |
| Goldman Sachs | 2 | $9.90B | 4.70% |
| Amplify | 16 | $9.72B | 4.61% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| Neos | $1,132M |
| JPMorgan | $193M |
| Goldman Sachs | $164M |
| Outflows | |
| GraniteShares | -$7M |
| Summit Global Investments | -$4M |
| KraneShares | -$2M |
For a deeper dive into these trends, access our FREE, in-depth Synthetic Income 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.
