Weekly Channel Summary
The Synthetic Income channel closed the week with $232.21B in total assets spread across 439 ETFs from 81 issuers. Net flows were positive at $1,357M for the five-day period, extending a strong year with $64,864M gathered year-to-date and $78,263M over the trailing twelve months. The channel continues to attract steady capital despite mixed performance across its underlying equity and crypto-linked segments.
This Week’s Performance Leaders and Laggards
On a week-to-date basis, the niche Leverage | Inverse – Equity category led with a 5.26% gain, though its single-fund composition limits broader significance, while Equity: Thematic – Midstream & MLPs followed at 2.16%. Among more broadly populated categories, Commodity (n=18) posted a 1.03% WTD return and Equity (n=244) advanced 0.61%, supported by a strong 12.37% YTD gain. Crypto was the clear laggard, falling 2.67% for the week and now down 9.65% YTD and 31.20% over the trailing year, reflecting continued volatility in digital-asset-linked income strategies. Single Stock funds were roughly flat on the week at 0.07% but remain the standout over longer horizons, up 32.73% YTD and 36.34% over six months.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Leverage | Inverse – Equity | 5.26% | — | — | — | — | — |
| Equity: Thematic – Midstream & MLPs | 2.16% | — | — | — | — | — |
| Commodity | 1.03% | -4.39% | 4.44% | -6.95% | 4.01% | 12.73% |
| Equity | 0.61% | 1.87% | 3.16% | 10.06% | 12.37% | 15.61% |
| Multi-Asset | 0.47% | 0.01% | 0.23% | 5.74% | 6.65% | 12.60% |
| Fixed Income | 0.37% | -1.10% | -1.43% | -0.95% | 0.49% | 1.57% |
| Single Stock | 0.07% | 7.82% | 21.61% | 36.34% | 32.73% | 20.65% |
| Crypto | -2.67% | 4.71% | 25.17% | 8.49% | -9.65% | -31.20% |
Top & Bottom 5 ETFs by Weekly Performance
The XX topped the weekly leaderboard with a 5.26% gain, followed by the HAKY at 4.48% and sector-premium funds XLSI and XLUI both gaining roughly 3.5%. At the other end, crypto-income products dominated the bottom of the table, led by the SOLM down 10.03% and the EHY down 9.01%. The spread between top and bottom performers underscores the divergence between traditional equity premium-income strategies and digital-asset option-income products this week.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| XX | Roundhill S&P 500 Target 10,000 2030 ETF | 5.26% |
| HAKY | Amplify HACK Cybersecurity Covered Call ETF | 4.48% |
| XLSI | State Street Consumer Staples Select Sector SPDR Premium Income ETF | 3.48% |
| XLUI | State Street Utilities Select Sector SPDR Premium Income ETF | 3.45% |
| FDND | FT Vest Dow Jones Internet & Target Income ETF | 3.43% |
| Bottom Performers | ||
| SOLM | Amplify Solana 3% Monthly Option Income ETF | -10.03% |
| EHY | Amplify Ethereum Max Income Covered Call ETF | -9.01% |
| ETTY | Amplify Ethereum 3% Monthly Option Income ETF | -8.51% |
| SPCI | Tuttle Capital Space Industry Income Blast ETF | -7.58% |
| XRPM | Amplify XRP 3% Monthly Premium Income ETF | -7.03% |
Analyzing the Weekly Flows
The channel gathered $1,357M in net new assets over the five-day period, with Equity funds (n=244, $212.44B AUM) driving the bulk of inflows at $1,116M, reinforcing a $58,730M YTD total for the category. Single Stock funds added a further $151M and Crypto products brought in $77M despite weak price performance, suggesting continued demand for option-income exposure even amid underlying volatility. Fixed Income and Commodity categories saw only modest inflows of $4M and $7M respectively, while the Multi-Asset and niche single-fund categories contributed negligible flows. No category posted net outflows for the week, indicating broad-based demand across the Synthetic Income landscape.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Equity | 244 | $212.44B | $1,116M | $6,824M | $20,816M | $58,730M | $68,373M |
| Single Stock | 122 | $8.19B | $151M | $439M | $841M | $1,262M | $3,613M |
| Crypto | 22 | $2.25B | $77M | $204M | $332M | $1,196M | $1,654M |
| Commodity | 18 | $2.62B | $7M | $182M | $524M | $1,502M | $1,866M |
| Fixed Income | 25 | $6.18B | $4M | $178M | $654M | $1,848M | $2,423M |
| Multi-Asset | 6 | $503M | $1M | $12M | $57M | $289M | $297M |
| Leverage | Inverse – Equity | 1 | $1M | $1M | $1M | $1M | $1M | $1M |
| Equity: Thematic – Midstream & MLPs | 1 | $36M | $0M | $36M | $36M | $36M | $36M |
Top & Bottom 5 ETFs by 5-Day Flow
The QQQI led all funds with $245M in net inflows, followed by the GPIQ at $179M and the GPIX at $125M, reflecting continued appetite for index-based premium-income strategies. On the outflow side, the JEPI saw the largest weekly redemption at $260M, well ahead of the SIXH, which shed $48M. These figures suggest some rotation within the covered-call space, with investors favoring newer Nasdaq-100 and S&P 500 premium-income vehicles over established large-cap equity income products.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| QQQI | NEOS Nasdaq 100 High Income ETF | $245M |
| GPIQ | Goldman Sachs Nasdaq-100 Premium Income ETF | $179M |
| GPIX | Goldman Sachs S&P 500 Premium Income ETF | $125M |
| JEPQ | JPMorgan NASDAQ Equity Premium Income ETF | $124M |
| ACYN | FT Vest Laddered Autocallable Barrier & Income ETF | $122M |
| Outflows | ||
| JEPI | JPMorgan Equity Premium Income ETF | -$260M |
| SIXH | ETC 6 Meridian Hedged Equity Index Option ETF | -$48M |
| QDTE | Roundhill Nasdaq-100 0DTE Covered Call Strategy ETF | -$23M |
| TLTW | iShares 20+ Year Treasury Bond BuyWrite Strategy ETF | -$20M |
| RDTE | Roundhill Russell 2000 0DTE Covered Call Strategy ETF | -$16M |
Issuer League Table Update
JPMorgan remains the dominant issuer in the Synthetic Income channel with $91.74B in assets and a 39.51% market share across just five funds, followed by Neos at $36.37B and a 15.66% share spread across 19 products. Neos led all issuers in weekly inflows with $477M, followed by Goldman Sachs at $304M and YieldMax at $191M, highlighting continued demand for newer premium-income strategies outside the largest incumbent. JPMorgan, despite its scale, posted the week’s largest issuer-level outflow at $56M, followed by Meridian at $48M and Roundhill at $26M. The contrast between JPMorgan’s asset leadership and its weekly redemptions suggests some investor rotation toward emerging competitors in the space.”
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| JPMorgan | 5 | $91.74B | 39.51% |
| Neos | 19 | $36.37B | 15.66% |
| Global X | 17 | $13.86B | 5.97% |
| Goldman Sachs | 2 | $12.66B | 5.45% |
| FT Vest | 29 | $10.31B | 4.44% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| Neos | $477M |
| Goldman Sachs | $304M |
| YieldMax | $191M |
| Outflows | |
| JPMorgan | -$56M |
| Meridian | -$48M |
| Roundhill | -$26M |
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.
