Weekly Channel Summary
The Taxable bond ETF channel encompasses 723 funds from 149 issuers, with total assets under management standing at $2.37 trillion. Investors added a significant $11.4 billion to the channel over the past week, contributing to a year-to-date net inflow of $393.3 billion. Over the last twelve months, the channel has accumulated over $541.6 billion in new assets.
This Week’s Performance Leaders and Laggards
Emerging market debt categories led performance this week, with local currency funds gaining 0.63% on average. Convertible bond ETFs also posted a strong weekly return of 0.59% and remain the top-performing category year-to-date with a 17.18% gain. On the other end of the spectrum, Long-Term bond funds were the worst performers, declining by 0.50% for the week.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Taxable – Emerging | 0.63% | 0.94% | 2.38% | 2.31% | 3.41% | 7.76% |
| Taxable – Convertible | 0.59% | -1.99% | -5.99% | 10.56% | 17.18% | 22.72% |
| Taxable – International | 0.45% | 0.38% | 0.23% | -0.79% | 0.06% | 0.86% |
| Taxable – Bank Loans | 0.22% | 1.08% | 1.92% | 4.26% | 2.80% | 4.86% |
| Municipal – Single State | 0.14% | 0.46% | — | — | — | — |
| Taxable – Government Ultrashort | 0.08% | 0.34% | 0.96% | 1.87% | 2.48% | 3.81% |
| Taxable – Inflation Protected | 0.08% | 0.06% | -0.45% | 0.35% | 1.31% | 1.56% |
| Taxable – Ultrashort | 0.08% | 0.35% | 1.02% | 2.05% | 2.69% | 4.25% |
| Taxable – Government Short | 0.06% | 0.10% | 0.51% | 0.55% | 1.03% | 2.36% |
| Taxable – Emerging USD | -0.01% | -0.23% | -0.39% | 0.23% | 1.68% | 5.60% |
| Taxable – Short-Term | -0.02% | -0.07% | 0.34% | 0.33% | 1.04% | 2.48% |
| Taxable – International USD | -0.05% | -0.78% | -0.50% | -1.10% | 0.23% | 0.98% |
| Taxable – Multisector | -0.06% | -0.09% | 0.36% | 0.67% | 1.54% | 3.51% |
| Taxable – High Yield | -0.13% | 0.11% | 0.82% | 1.76% | 2.45% | 4.33% |
| Taxable – Securitized | -0.15% | -0.29% | -0.42% | -1.13% | 0.26% | 2.53% |
| Taxable – Government Intermediate | -0.15% | -0.41% | -0.47% | -1.65% | -0.69% | 0.44% |
| Taxable – Core | -0.17% | -0.36% | -0.66% | -1.53% | -0.29% | 1.25% |
| Taxable – Core Enhanced | -0.17% | -0.33% | -0.57% | -1.25% | -0.02% | 1.68% |
| Taxable – Preferred Stock | -0.22% | -0.64% | -1.04% | -0.56% | 1.31% | 2.45% |
| Taxable – Corporate | -0.31% | -0.72% | -1.14% | -1.80% | -0.64% | 0.94% |
| Taxable – Government Long | -0.36% | -0.45% | -2.06% | -4.58% | -2.33% | -0.99% |
| Taxable – Long-Term | -0.50% | -0.75% | -2.97% | -4.01% | -2.06% | -0.68% |
Top & Bottom 5 ETFs by Weekly Performance
Among individual funds, the Digital Asset Debt Strategy ETF (DADS) was the week’s top performer, rising 1.91%. The Templeton Emerging Markets Debt ETF (TEMD) also posted a strong gain of 1.19%. Conversely, the Regan Fixed Rate MBS ETF (MBSX) saw the largest decline, falling 1.13% for the week.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| DADS | Digital Asset Debt Strategy ETF | 1.91% |
| TEMD | Templeton Emerging Markets Debt ETF | 1.19% |
| FEMB | First Trust Emerging Markets Local Currency Bond ETF | 0.95% |
| BWZ | State Street SPDR Bloomberg Short Term International Treasury Bond ETF | 0.87% |
| BWX | State Street SPDR Bloomberg International Treasury Bond ETF | 0.80% |
| Bottom Performers | ||
| MBSX | Regan Fixed Rate MBS ETF | -1.13% |
| TYA | Simplify Intermediate Term Treasury Futures Strategy ETF | -1.07% |
| PGX | Invesco Preferred ETF | -1.04% |
| PGF | Invesco Financial Preferred ETF | -1.04% |
| AGGH | Simplify Aggregate Bond ETF | -1.01% |
Analyzing the Weekly Flows
Investors poured a net $11.4 billion into Taxable bond ETFs this week, with flows concentrated at the shortest end of the curve. Ultrashort duration funds attracted the most capital, pulling in nearly $5.7 billion, followed by Short duration funds with $4.2 billion. By segment, Multi-Sector and Government funds led inflows with $5.9 billion and $5.5 billion, respectively, while Corporate bond funds saw outflows of $1.34 billion.
Flows by Segment
| Segment | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Multi-Sector | 304 | $992.63B | $5,945M | $23,944M | $66,359M | $176,099M | $253,298M |
| Government | 133 | $741.40B | $5,482M | $23,557M | $45,652M | $140,144M | $188,483M |
| Bank Loans | 50 | $73.07B | $1,082M | $3,371M | $7,153M | $15,930M | $16,828M |
| Securitized | 47 | $109.15B | $295M | $1,864M | $4,607M | $9,935M | $11,634M |
| Cat Bonds | 1 | $99M | $3M | $15M | $20M | $63M | $86M |
| Preferred Stock | 30 | $42.84B | -$62M | $72M | $1,556M | $2,930M | $4,154M |
| Corporate | 158 | $410.27B | -$1,340M | $2,775M | $19,973M | $48,199M | $67,098M |
Flows by Credit Type
| Credit Type | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Credit: Investment Grade | 373 | $1,892.89B | $10,230M | $46,453M | $112,977M | $314,253M | $419,795M |
| Credit: Blend | 193 | $279.50B | $1,141M | $8,204M | $23,886M | $65,079M | $96,649M |
| Specialty: Interest Rate Volatility | 1 | $106M | $17M | $21M | $54M | $90M | $90M |
| Credit: High Yield | 153 | $196.67B | $6M | $875M | $8,313M | $13,706M | $24,769M |
Flows by Duration
| Duration | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Duration: Ultrashort | 149 | $514.48B | $5,693M | $20,851M | $43,895M | $134,282M | $158,958M |
| Duration: Short | 91 | $318.48B | $4,220M | $15,397M | $24,027M | $55,601M | $72,109M |
| Duration: Long | 62 | $195.55B | $1,162M | $2,967M | $9,955M | $8,402M | $21,177M |
| Duration: Intermediate | 418 | $1,340.66B | $318M | $16,339M | $67,352M | $194,844M | $289,060M |
Top & Bottom 5 ETFs by 5-Day Flow
The iShares 0-3 Month Treasury Bond ETF (SGOV) was the week’s top asset gatherer, bringing in over $2.0 billion in new money. In stark contrast, the iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) experienced the largest redemption, shedding more than $2.6 billion. The iShares iBoxx $ High Yield Corporate Bond ETF (HYG) also saw significant outflows, with investors pulling $906 million.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| SGOV | iShares 0-3 Month Treasury Bond ETF | $2,027M |
| BND | Vanguard Total Bond Market ETF | $921M |
| SPSB | State Street SPDR Portfolio Short Term Corporate Bond ETF | $617M |
| SHY | iShares 1-3 Year Treasury Bond ETF | $579M |
| AGG | iShares Core U.S. Aggregate Bond ETF | $533M |
| Outflows | ||
| LQD | iShares iBoxx $ Investment Grade Corporate Bond ETF | -$2,627M |
| HYG | iShares iBoxx $ High Yield Corporate Bond ETF | -$906M |
| EMB | iShares JP Morgan USD Emerging Markets Bond ETF | -$519M |
| VGIT | Vanguard Intermediate-Term Treasury ETF | -$422M |
| SCHP | Schwab US TIPS ETF | -$231M |
Issuer League Table Update
The Taxable bond ETF market remains dominated by iShares and Vanguard, which control 36.0% and 26.2% of channel assets, respectively. This week, Vanguard led all issuers in net inflows, attracting $2.2 billion in new capital. iShares was not far behind, gathering $1.8 billion, despite housing the week’s largest outflow fund. ProShares registered the largest net outflows among issuers for the week at $35 million.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| iShares | 87 | $852.52B | 35.98% |
| Vanguard | 31 | $620.03B | 26.17% |
| SPDR | 36 | $175.56B | 7.41% |
| JPMorgan | 20 | $98.82B | 4.17% |
| Schwab | 12 | $80.85B | 3.41% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| Vanguard | $2,221M |
| iShares | $1,764M |
| SPDR | $1,370M |
| Outflows | |
| ProShares | -$35M |
| Global X | -$23M |
| Corgi | -$20M |
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.
