Weekly Channel Summary
The Synthetic Income ETF channel continues to show robust growth, supported by 67 distinct issuers managing a total of 355 ETFs. Aggregate Assets Under Management (AUM) for the channel now stand at an impressive $178.53 billion. Capital allocation remains decidedly positive, with the channel attracting $1.50 billion in net 5-Day Flows. This strong weekly showing bolsters the longer-term trend, pushing Year-To-Date (YTD) flows to $19.91 billion and staggering 1-Year flows to $71.75 billion.
This Week’s Performance Leaders and Laggards
The performance landscape within the Synthetic Income space was notably mixed this week, largely driven by underlying asset class volatility. Thematic and precious metals-focused strategies dominated the top tier, while select crypto and energy exposures faced headwinds.
Top & Bottom 5 ETFs by Weekly Performance
The Tuttle Capital Space Industry Income Blast ETF (SPCI) easily secured the top spot this week with a stellar WTD return of 21.34%. Conversely, the Amplify Solana 3% Monthly Option Income ETF (SOLM) and the Westwood Salient Enhanced Energy Income ETF (WEEI) were the largest laggards, posting WTD returns of -5.01% and -2.96% respectively.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| SPCI | Tuttle Capital Space Industry Income Blast ETF | 21.34% |
| GDXW | Roundhill Gold Miners WeeklyPay ETF | 12.20% |
| GLDN | Nicholas Gold Income ETF | 8.24% |
| PAYH | TrueShares S&P Autocallable High Income ETF | 8.00% |
| SLJY | Amplify SILJ Junior Silver Miners Covered Call ETF | 7.97% |
| Bottom Performers | ||
| SOLM | Amplify Solana 3% Monthly Option Income ETF | -5.01% |
| WEEI | Westwood Salient Enhanced Energy Income ETF | -2.96% |
| YQQQ | YieldMax Short N100 Option Income Strategy ETF | -2.26% |
| XLEI | State Street Energy Select Sector SPDR Premium Income ETF | -2.13% |
| XRPM | Amplify XRP 3% Monthly Premium Income ETF | -1.92% |
Analyzing the Weekly Flows
Net flows into the channel reached $1.50 billion this week. The Synthetic Income – Equity category was the unquestionable powerhouse, vacuuming up $1.39 billion in weekly inflows across its massive $161.90 billion AUM footprint. The Synthetic Income – Fixed Income category also gathered a solid $41 million. Notably, while absolutely no category posted net outflows over the 5-day measurement period, the Synthetic Income – Multi-Asset space saw the weakest demand with a mere $3 million in inflows.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Synthetic Income – Equity | 188 | $161,903M | $1,388M | $6,348M | $18,580M | $18,883M | $55,375M |
| Synthetic Income – Fixed Income | 21 | $5,138M | $41M | $196M | $497M | $500M | $1,703M |
| Synthetic Income – Single Stock | 104 | $7,422M | $33M | $286M | -$467M | -$522M | $11,108M |
| Synthetic Income – Commodity | 15 | $2,229M | $23M | $94M | $511M | $514M | $1,306M |
| Synthetic Income – Crypto | 22 | $1,461M | $12M | $135M | $361M | $363M | $2,045M |
| Synthetic Income – Multi-Asset | 5 | $373M | $3M | $11M | $176M | $176M | $213M |
Top & Bottom 5 ETFs by 5-Day Flow
The JPMorgan NASDAQ Equity Premium Income ETF (JEPQ) was the runaway winner for asset gathering, netting $480 million over the last five days. Conversely, a pair of YieldMax products saw the steepest redemptions: the YieldMax Universe Fund of Option Income ETFs (YMAX) lost -$19 million and the YieldMax Magnificent 7 Fund of Option Income ETFs (YMAG) shed -$16 million.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| JEPQ | JPMorgan NASDAQ Equity Premium Income ETF | $480M |
| JEPI | JPMorgan Equity Premium Income ETF | $257M |
| QQQI | NEOS Nasdaq 100 High Income ETF | $116M |
| GPIQ | Goldman Sachs Nasdaq-100 Premium Income ETF | $96M |
| SPYI | NEOS S&P 500 High Income ETF | $95M |
| Outflows | ||
| YMAX | YieldMax Universe Fund of Option Income ETFs | -$19M |
| YMAG | YieldMax Magnificent 7 Fund of Option Income ETFs | -$16M |
| ULTY | YieldMax Ultra Option Income Strategy ETF | -$15M |
| KNG | FT Vest S&P 500 Dividend Aristocrats Target Income ETF | -$10M |
| TSPY | TappAlpha SPY Growth & Daily Income ETF | -$9M |
Issuer League Table Update
Looking at the issuer leaderboard, JPMorgan retains its massive lead in market share (43.92%), followed by Neos (12.59%). JPMorgan naturally gathered the most weekly flows at $741 million. However, the top tier was not entirely immune to redemptions; Global X, ranking third in overall AUM, saw the largest outflows among major providers this week, losing -$14 million.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| JPMorgan | 3 | $78.41B | 43.92% |
| Neos | 18 | $22.47B | 12.59% |
| Global X | 16 | $12.89B | 7.22% |
| YieldMax | 62 | $8.61B | 4.82% |
| Amplify | 14 | $8.43B | 4.72% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| JPMorgan | $741M |
| Neos | $289M |
| Goldman Sachs | $142M |
| Outflows | |
| Roundhill | -$17M |
| Global X | -$14M |
| Summit Global Investments | -$8M |
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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.
