Weekly Channel Summary
The Taxable Fixed Income (FI: Taxable) ETF channel currently oversees $2,283 billion in Assets Under Management (AUM) across 703 products from 145 issuers. The past week saw robust activity, bringing in $11.83 billion in positive net flows. This momentum adds to a strong overall trend, pushing Year-to-Date (YTD) flows to $270.60 billion and the 1-year total to $501.80 billion.
This Week’s Performance Leaders and Laggards
Convertible bonds dominated this week, leading all categories with a 2.47% Week-to-Date (WTD) return and an impressive 24.56% Year-to-Date (YTD) return. Government Long bonds also performed well, up 1.04% WTD. On the downside, the International category lagged, posting a -0.46% WTD return and remaining slightly negative for the year at -0.44% YTD.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Convertible | 2.47% | 6.48% | 17.64% | 25.33% | 24.56% | 42.86% |
| Government Long | 1.04% | 3.76% | 0.45% | -0.02% | 0.49% | 4.26% |
| Long-Term | 0.48% | 2.82% | 1.95% | 1.00% | 1.17% | 6.61% |
| Emerging USD | 0.40% | 2.27% | 3.16% | 3.28% | 3.01% | 11.31% |
| International USD | 0.39% | 1.67% | 1.39% | 1.72% | 1.61% | 2.95% |
| Preferred Stock | 0.33% | 0.66% | 2.07% | 1.99% | 1.99% | 7.82% |
| Emerging | 0.27% | 1.89% | 2.95% | 3.36% | 2.70% | 10.09% |
| Core Enhanced | 0.16% | 1.25% | 0.75% | 0.86% | 0.86% | 5.25% |
| Core | 0.14% | 1.17% | 0.50% | 0.55% | 0.59% | 4.77% |
| High Yield | 0.13% | 1.00% | 2.23% | 2.43% | 2.00% | 6.78% |
| Corporate | 0.12% | 1.24% | 1.36% | 0.87% | 0.85% | 5.41% |
| Multisector Taxable | 0.11% | 1.09% | 1.38% | 1.47% | 1.33% | 5.76% |
| Securitized | 0.07% | 0.98% | 0.62% | 1.29% | 1.25% | 5.89% |
| Government Ultrashort | 0.05% | 0.31% | 0.93% | 1.76% | 1.62% | 3.89% |
| Ultrashort | 0.04% | 0.36% | 1.28% | 2.04% | 1.87% | 4.80% |
| Bank Loans | 0.03% | 0.20% | 2.24% | 1.25% | 0.96% | 4.04% |
| Government Intermediate | 0.03% | 0.75% | -0.39% | -0.55% | -0.41% | 3.03% |
| Short-Term | -0.03% | 0.41% | 0.69% | 1.01% | 0.90% | 4.35% |
| Government Short | -0.07% | 0.23% | 0.20% | 0.41% | 0.36% | 3.18% |
| Inflation Protected | -0.20% | 0.02% | 0.21% | 1.27% | 1.35% | 4.18% |
| International | -0.46% | 0.04% | 0.60% | -0.13% | -0.44% | 1.52% |
Top & Bottom 5 ETFs by Weekly Performance
Looking at individual funds, the ICVT (iShares Convertible Bond ETF) was the single best-performing ETF, gaining 3.97% WTD. Conversely, the VPC (Virtus Private Credit Strategy ETF) and ISHG (iShares 1-3 Year International Treasury Bond ETF) were the bottom two performers, dropping -2.85% and -0.88% WTD, respectively.
| Top Performers | ||
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| ICVT | iShares Convertible Bond ETF | 3.97% |
| CWB | State Street SPDR Bloomberg Convertible Securities ETF | 3.69% |
| FCVT | First Trust SSI Strategic Convertible Securities ETF | 3.25% |
| CVRT | Calamos Convertible Equity Alternative ETF | 2.87% |
| GOVZ | iShares 25+ Year Treasury STRIPS Bond ETF | 2.44% |
| Bottom Performers | ||
| VPC | Virtus Private Credit Strategy ETF | -2.85% |
| ISHG | iShares 1-3 Year International Treasury Bond ETF | -0.88% |
| CRDT | Simplify Opportunistic Income ETF | -0.81% |
| TUA | Simplify Short Term Treasury Futures Strategy ETF | -0.75% |
| WIP | State Street SPDR FTSE International Government Inflation-Protected Bond ETF | -0.61% |
Analyzing the Weekly Flows
The channel amassed $11,786 million in total net flows this week. Dissecting these numbers, FI: Corporate led the segments with $4,835 million in inflows, while Credit: Investment Grade and Duration: Intermediate were the top targets across credit type and duration, drawing $8,834 million and $9,270 million, respectively. FI: Cat Bonds experienced the largest drag among the leading groups, closing the week with -$1 million in outflows.
Flows by Segment
| Segment | Fund Count | AUM | 5 Day Flow | 30 Day Flow | 90 Day Flow | YTD Flow | 1 Year Flow |
|---|---|---|---|---|---|---|---|
| FI: Corporate | 154 | $405.0B | $4,835M | $12,139M | $21,738M | $35,114M | $70,699M |
| FI: Multi-Sector | 291 | $950.3B | $4,771M | $25,280M | $54,184M | $118,066M | $230,692M |
| FI: Government | 125 | $710.8B | $1,041M | $14,641M | $37,869M | $99,189M | $162,671M |
| FI: Bank Loans | 46 | $67.3B | $676M | $2,919M | $7,679M | $9,891M | $16,762M |
| FI: Securitized | 44 | $107.9B | $410M | $2,424M | $4,213M | $6,742M | $17,427M |
| FI: Preferred Stock | 27 | $41.1B | $54M | $388M | $1,102M | $1,421M | $3,340M |
| FI: Cat Bonds | 1 | $0.1B | -$1M | -$4M | $23M | $42M | $68M |
Flows by Credit Type
| Credit Type | Fund Count | AUM | 5 Day Flow | 30 Day Flow | 90 Day Flow | YTD Flow | 1 Year Flow |
|---|---|---|---|---|---|---|---|
| Credit: Investment Grade | 359 | $1,827.2B | $8,834M | $43,638M | $94,603M | $219,015M | $387,514M |
| Credit: Blend | 180 | $262.8B | $1,977M | $10,565M | $21,245M | $44,295M | $87,383M |
| Credit: High Yield | 146 | $192.3B | $974M | $3,540M | $10,878M | $7,058M | $26,560M |
| Specialty: Interest Rate Volatility | 1 | $0.1B | $0M | $31M | $36M | $36M | $36M |
Flows by Duration
| Duration | Fund Count | AUM | 5 Day Flow | 30 Day Flow | 90 Day Flow | YTD Flow | 1 Year Flow |
|---|---|---|---|---|---|---|---|
| Duration: Intermediate | 402 | $1,311.1B | $9,270M | $36,440M | $66,795M | $141,786M | $287,039M |
| Duration: Short | 86 | $299.4B | $1,101M | $6,436M | $17,560M | $31,951M | $59,347M |
| Duration: Ultrashort | 139 | $479.2B | $847M | $17,316M | $42,721M | $96,950M | $144,243M |
| Duration: Long | 59 | $192.6B | $567M | -$2,418M | -$314M | -$281M | $10,863M |
Top & Bottom 5 ETFs by 5-Day Flow
For individual funds, the LQD (iShares iBoxx $ Investment Grade Corporate Bond ETF) dominated the leaderboard, attracting $2,441 million in weekly inflows. On the other end, the BIL (State Street SPDR Bloomberg 1-3 Month T-Bill ETF) and JNK (State Street SPDR Bloomberg High Yield Bond ETF) experienced the heaviest outflows, losing -$1,334 million and -$327 million, respectively.
| Inflows | ||
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| LQD | iShares iBoxx $ Investment Grade Corporate Bond ETF | $2,441M |
| BND | Vanguard Total Bond Market ETF | $740M |
| AGG | iShares Core U.S. Aggregate Bond ETF | $691M |
| SGOV | iShares 0-3 Month Treasury Bond ETF | $412M |
| HYG | iShares iBoxx $ High Yield Corporate Bond ETF | $400M |
| Outflows | ||
| BIL | State Street SPDR Bloomberg 1-3 Month T-Bill ETF | -$1,334M |
| JNK | State Street SPDR Bloomberg High Yield Bond ETF | -$327M |
| IAGG | iShares Core International Aggregate Bond ETF | -$259M |
| SPLB | State Street SPDR Portfolio Long Term Corporate Bond ETF | -$89M |
| PFF | iShares Preferred & Income Securities ETF | -$78M |
Issuer League Table Update
iShares and Vanguard continue to lead the market share, controlling 36.47% and 26.32% of total AUM, respectively. iShares also gathered the most weekly inflows, pulling in $5,787 million, while SPDR, another top issuer, experienced the largest outflows at -$1,190 million.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| iShares | 88 | $832.48B | 36.47% |
| Vanguard | 31 | $600.86B | 26.32% |
| SPDR | 37 | $172.58B | 7.56% |
| JPMorgan | 19 | $90.47B | 3.96% |
| Schwab | 12 | $77.07B | 3.38% |
Top & Bottom 3 Issuers by 5-Day Flow
| Inflows | |
| Brand | 5-Day Flow |
|---|---|
| iShares | $5,787M |
| Vanguard | $2,733M |
| Schwab | $744M |
| Outflows | |
| SPDR | -$1,190M |
| Simplify | -$75M |
| Goldman Sachs | -$27M |
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.
