Weekly Channel Summary
The Synthetic Income ETF channel continues to show robust growth, with total Assets Under Management (AUM) reaching $175B across 337 ETFs and 65 distinct brands. For the week ending February 13, 2026, the channel attracted $1.17B in net new money, contributing to a Year-to-Date (YTD) flow of $9.53B. Over the past year, the channel has seen staggering growth with total inflows of $70.39B, underscoring the massive investor appetite for option-overlay and synthetic yield strategies.
This Week’s Performance Leaders and Laggards
The performance landscape this week was characterized by strength in precious metals and energy-related income strategies, while digital assets and aggressive growth-equity overlays struggled. On average, gold-related synthetic products outperformed as equity markets faced volatility, leading to significant dispersion between the top and bottom of the tracker.
Top & Bottom 5 ETFs by Weekly Performance
The best-performing fund this week was the Roundhill Gold Miners WeeklyPay ETF (GDXW), which posted a Week-to-Date (WTD) return of 7.93%. Conversely, the REX IncomeMax Option Strategy ETF (ULTI) and the Simplify Bitcoin Strategy PLUS Income ETF (MAXI) were the primary laggards, falling -8.00% and -5.28% respectively.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| GDXW | Roundhill Gold Miners WeeklyPay ETF | 7.93% |
| GDXY | YieldMax Gold Miners Option Income Strategy ETF | 4.89% |
| ETCO | Grayscale Ethereum Covered Call ETF | 4.32% |
| MLPI | NEOS MLP & Energy Infrastructure High Income ETF | 4.01% |
| SLJY | Amplify SILJ Covered Call ETF | 3.58% |
| Bottom Performers | ||
| ULTI | REX IncomeMax Option Strategy ETF | -8.00% |
| MAXI | Simplify Bitcoin Strategy PLUS Income ETF | -5.28% |
| XLFI | State Street Financial Select Sector SPDR Premium Income ETF | -4.34% |
| YBTY | GraniteShares YieldBoost TopYielders ETF | -4.12% |
| YBST | GraniteShares YieldBoost Single Stock Universe ETF | -3.86% |
Analyzing the Weekly Flows
Synthetic Income ETFs saw total net inflows of $1,153M this week. The Synthetic Income – Equity category was the primary driver of growth, attracting $1,344M in weekly flows and bringing its total AUM to $158,824M. Synthetic Income – Crypto also saw positive momentum with $11M in inflows. Conversely, the Synthetic Income – Single Stock category faced significant headwinds, experiencing the largest outflows in the channel at -$214M.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Synthetic Income – Equity | 173 | $158,824M | $1,344M | $7,199M | $16,464M | $9,350M | $52,608M |
| Synthetic Income – Crypto | 21 | $1,497M | $11M | $177M | $802M | $227M | $2,553M |
| Synthetic Income – Commodity | 12 | $2,088M | $6M | $216M | $522M | $281M | $1,111M |
| Synthetic Income – Multi-Asset | 5 | $368M | $4M | $15M | $175M | $162M | $199M |
| Synthetic Income – Fixed Income | 18 | $4,790M | $3M | $155M | $479M | $200M | $1,707M |
| Synthetic Income – Single Stock | 102 | $7,717M | -$214M | -$576M | $493M | -$723M | $12,183M |
Top & Bottom 5 ETFs by 5-Day Flow
The NEOS Nasdaq 100 High Income ETF (QQQI) was the clear leader for inflows this week, bringing in $350M. On the flip side, the YieldMax Ultra Option Income Strategy ETF (ULTY) and the YieldMax Universe Fund of Option Income ETFs (YMAX) saw the largest redemptions, with outflows of -$104M and -$33M respectively.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| QQQI | NEOS Nasdaq 100 High Income ETF | $350M |
| JEPI | JPMorgan Equity Premium Income ETF | $207M |
| JEPQ | JPMorgan NASDAQ Equity Premium Income ETF | $171M |
| SPYI | NEOS S&P 500 High Income ETF | $111M |
| DIVO | Amplify CWP Enhanced Dividend Income ETF | $75M |
| Outflows | ||
| ULTY | YieldMax Ultra Option Income Strategy ETF | -$104M |
| YMAX | YieldMax Universe Fund of Option Income ETFs | -$33M |
| HIGH | Simplify Enhanced Income ETF | -$30M |
| XYLD | Global X S&P 500 Covered Call ETF | -$20M |
| WPAY | Roundhill WeeklyPay Universe ETF | -$17M |
Issuer League Table Update
JPMorgan continues to dominate the Synthetic Income landscape with a 44.26% market share, followed by NEOS at 11.70%. In terms of gathering assets, NEOS took the lead this week with $628M in weekly inflows. Among the top five issuers by AUM, YieldMax saw the largest outflows, losing -$298M for the week.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| JPMorgan | 3 | $77.59B | 44.26% |
| Neos | 18 | $20.50B | 11.70% |
| Global X | 14 | $13.06B | 7.45% |
| YieldMax | 60 | $8.96B | 5.11% |
| FT Vest | 11 | $8.54B | 4.87% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| Neos | $628M |
| JPMorgan | $377M |
| Amplify | $133M |
| Outflows | |
| YieldMax | -$298M |
| Roundhill | -$56M |
| Simplify | -$29M |
For a deeper dive into these trends, access our FREE, in-depth 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.
