Weekly Channel Summary
The Synthetic Income channel, comprising 411 ETFs from 75 issuers, closed the week with total assets under management of $216.26 billion. Investors added a net $1.34 billion over the past five days, contributing to a robust year-to-date inflow of $49.23 billion. Over the last twelve months, the channel has attracted a substantial $73.26 billion in new capital.
This Week’s Performance Leaders and Laggards
All Synthetic Income categories posted gains for the week, led by a strong 7.25% advance in Single Stock strategies. Commodity-focused funds also performed well, rising 5.52% over the period, building on their position as the top one-year performer. On the other end of the spectrum, Fixed Income products saw the most modest gains, up just 0.57% for the week.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Single Stock | 7.25% | 2.67% | -1.47% | 15.27% | 7.22% | 13.35% |
| Commodity | 5.52% | 5.44% | -7.99% | -3.85% | 3.96% | 23.29% |
| Crypto | 3.05% | 3.13% | -17.45% | -6.46% | -24.24% | -40.98% |
| Equity | 2.50% | 2.05% | 4.43% | 7.82% | 10.24% | 19.00% |
| Multi-Asset | 1.61% | 0.99% | 2.51% | 5.57% | 6.67% | 18.05% |
| Fixed Income | 0.57% | -0.34% | 0.03% | 0.81% | 1.53% | 4.67% |
Top & Bottom 5 ETFs by Weekly Performance
A surge in precious metals powered the week’s top-performing funds, with the Roundhill Gold Miners WeeklyPay ETF (GDXW) soaring 25.10%. Other commodity-linked funds, including the Nicholas Silver Income ETF (SLVX) and YieldMax Gold Miners Option Income Strategy ETF (GDXY), also posted significant double-digit gains. Conversely, the Defiance Oil Enhanced Options Income ETF (USOY) was the weakest performer, declining 7.17% for the week.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| GDXW | Roundhill Gold Miners WeeklyPay ETF | 25.10% |
| SPCI | Tuttle Capital Space Industry Income Blast ETF | 19.64% |
| SLVX | Nicholas Silver Income ETF | 19.00% |
| GDXY | YieldMax Gold Miners Option Income Strategy ETF | 16.92% |
| GLDN | Nicholas Gold Income ETF | 16.21% |
| Bottom Performers | ||
| USOY | Defiance Oil Enhanced Options Income ETF | -7.17% |
| YQQQ | YieldMax Short N100 Option Income Strategy ETF | -4.09% |
| XRPM | Amplify XRP 3% Monthly Premium Income ETF | -3.49% |
| SLTY | YieldMax Ultra Short Option Income Strategy ETF | -2.83% |
| MLPI | NEOS MLP & Energy Infrastructure High Income ETF | -2.63% |
Analyzing the Weekly Flows
Investors allocated a net $1.34 billion to the Synthetic Income channel this week, with the vast majority directed towards Equity strategies. Equity funds captured $1.23 billion in new assets, continuing a strong trend that has brought their year-to-date total to $44.74 billion. Single Stock was the only category to experience net redemptions, though the outflows were minimal at just $4 million.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Equity | 223 | $198.46B | $1,228M | $7,513M | $18,967M | $44,744M | $62,305M |
| Fixed Income | 25 | $5.93B | $63M | $317M | $626M | $1,462M | $2,440M |
| Commodity | 17 | $2.23B | $27M | $92M | $403M | $1,060M | $1,684M |
| Crypto | 23 | $1.72B | $25M | $84M | $377M | $938M | $1,990M |
| Multi-Asset | 6 | $484M | $3M | $33M | $45M | $264M | $278M |
| Single Stock | 117 | $7.43B | -$4M | $370M | $1,112M | $763M | $4,560M |
Top & Bottom 5 ETFs by 5-Day Flow
The JPMorgan NASDAQ Equity Premium Income ETF (JEPQ) was the clear favorite among investors, pulling in $460 million in fresh capital. Goldman Sachs also saw strong demand for its premium income suite, including the Goldman Sachs S&P 500 Premium Income ETF (GPIX). On the other hand, the FT Vest S&P 500 Dividend Aristocrats Target Income ETF (KNG) led redemptions with $137 million in outflows, followed by the JPMorgan Equity Premium Income ETF (JEPI), which shed $82 million.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| JEPQ | JPMorgan NASDAQ Equity Premium Income ETF | $460M |
| GPIX | Goldman Sachs S&P 500 Premium Income ETF | $138M |
| ACYN | FT Vest Laddered Autocallable Barrier & Income ETF | $113M |
| DIVN | Horizon Dividend Income ETF | $103M |
| GPIQ | Goldman Sachs Nasdaq-100 Premium Income ETF | $79M |
| Outflows | ||
| KNG | FT Vest S&P 500 Dividend Aristocrats Target Income ETF | -$137M |
| JEPI | JPMorgan Equity Premium Income ETF | -$82M |
| QQQI | NEOS Nasdaq 100 High Income ETF | -$36M |
| QYLD | Global X NASDAQ 100 Covered Call ETF | -$34M |
| PLTY | YieldMax PLTR Option Income Strategy ETF | -$10M |
Issuer League Table Update
JPMorgan continues to dominate the Synthetic Income landscape, commanding a 40.70% market share with $88.02 billion in assets. The issuer also led the week in asset gathering, attracting a net $430 million in new flows. Neos remains the second-largest issuer with a 14.93% share, while FT Vest experienced the largest net outflows of the week, totaling $58 million.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| JPMorgan | 5 | $88.02B | 40.70% |
| Neos | 18 | $32.29B | 14.93% |
| Global X | 17 | $13.45B | 6.22% |
| Goldman Sachs | 2 | $10.57B | 4.89% |
| FT Vest | 18 | $10.09B | 4.67% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| JPMorgan | $430M |
| Goldman Sachs | $217M |
| Neos | $135M |
| Outflows | |
| FT Vest | -$58M |
| Global X | -$34M |
| REX Shares | -$6M |
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.
