Weekly Channel Summary
The Synthetic Income channel encompasses 410 ETFs from 75 issuers, with total assets under management reaching $211.60 billion. Investors added a net $1.79 billion to the channel over the past week, continuing a strong positive trend. This brings year-to-date net inflows to $48.78 billion and one-year net inflows to an impressive $74.78 billion.
This Week’s Performance Leaders and Laggards
Equity strategies led performance across the Synthetic Income channel, posting a 0.76% gain for the week. On the other end of the spectrum, Crypto-focused funds were the weakest performers, declining by 1.32%. This weekly result aligns with longer-term trends, as Equity funds have gained 7.51% year-to-date while Crypto funds have fallen by 26.44% over the same period.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Equity | 0.76% | -0.94% | 2.47% | 5.18% | 7.51% | 16.27% |
| Multi-Asset | 0.35% | -1.11% | 1.74% | 3.70% | 4.84% | 14.99% |
| Commodity | -0.10% | 2.02% | -11.21% | -6.72% | -0.74% | 19.15% |
| Fixed Income | -0.27% | -1.42% | -0.36% | 0.61% | 0.94% | 4.63% |
| Single Stock | -0.36% | -2.23% | -4.15% | 0.53% | 0.53% | 6.90% |
| Crypto | -1.32% | 7.64% | -16.56% | -23.14% | -26.44% | -42.19% |
Top & Bottom 5 ETFs by Weekly Performance
The FT Vest Dow Jones Internet & Target Income ETF (FDND) was the top-performing fund this week, delivering a strong 5.73% return. Close behind was the State Street Consumer Discretionary Select Sector SPDR Premium Income ETF (XLYI), which gained 5.50%. Conversely, the Defiance Oil Enhanced Options Income ETF (USOY) experienced the largest decline, falling 4.17% for the week.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| FDND | FT Vest Dow Jones Internet & Target Income ETF | 5.73% |
| XLYI | State Street Consumer Discretionary Select Sector SPDR Premium Income ETF | 5.50% |
| ACKY | VistaShares Target 15 ACKtivist Distribution ETF | 5.17% |
| YMAG | YieldMax Magnificent 7 Fund of Option Income ETFs | 3.79% |
| MAGY | Roundhill Magnificent Seven Covered Call ETF | 3.64% |
| Bottom Performers | ||
| USOY | Defiance Oil Enhanced Options Income ETF | -4.17% |
| MAXI | Simplify Bitcoin Strategy ETF | -3.89% |
| XLUI | State Street Utilities Select Sector SPDR Premium Income ETF | -3.64% |
| BLOX | Nicholas Crypto Income ETF | -3.43% |
| CHPY | YieldMax Semiconductor Portfolio Option Income ETF | -3.30% |
Analyzing the Weekly Flows
Investors allocated a net $1.79 billion into the Synthetic Income channel this week, with all categories experiencing positive flows. Equity-focused funds overwhelmingly led the way, attracting nearly all of the new capital with $1.69 billion in net inflows. The remaining categories, including Fixed Income and Single Stock funds, saw modest net creations, collecting $61 million and $15 million, respectively.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Equity | 223 | $194.24B | $1,686M | $8,623M | $20,169M | $44,409M | $63,411M |
| Fixed Income | 25 | $5.90B | $61M | $305M | $683M | $1,399M | $2,352M |
| Single Stock | 117 | $7.03B | $15M | $403M | $1,200M | $767M | $5,033M |
| Commodity | 16 | $2.22B | $12M | $72M | $380M | $1,033M | $1,666M |
| Crypto | 23 | $1.73B | $11M | $81M | $418M | $914M | $2,037M |
| Multi-Asset | 6 | $476M | $1M | $33M | $44M | $261M | $276M |
Top & Bottom 5 ETFs by 5-Day Flow
The JPMorgan NASDAQ Equity Premium Income ETF (JEPQ) was the clear favorite among investors, pulling in $534 million in fresh capital. On the other hand, the Roundhill AMD WeeklyPay ETF (AMDW) saw the largest redemptions, with net outflows totaling $79 million. The Global X NASDAQ 100 Covered Call ETF (QYLD) also experienced significant withdrawals, shedding $30 million over the course of the week.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| JEPQ | JPMorgan NASDAQ Equity Premium Income ETF | $534M |
| KNG | FT Vest S&P 500 Dividend Aristocrats Target Income ETF | $138M |
| GPIX | Goldman Sachs S&P 500 Premium Income ETF | $134M |
| GPIQ | Goldman Sachs Nasdaq-100 Premium Income ETF | $127M |
| SPYI | NEOS S&P 500 High Income ETF | $126M |
| Outflows | ||
| AMDW | Roundhill AMD WeeklyPay ETF | -$79M |
| QYLD | Global X NASDAQ 100 Covered Call ETF | -$30M |
| ULTY | YieldMax Ultra Option Income Strategy ETF | -$18M |
| AAPW | Roundhill AAPL WeeklyPay ETF | -$18M |
| QQQI | NEOS Nasdaq 100 High Income ETF | -$14M |
Issuer League Table Update
JPMorgan maintains its dominant position in the Synthetic Income space, commanding a 40.75% market share, followed by Neos with 14.77%. Reinforcing its leadership, JPMorgan also led all issuers in asset gathering this week, attracting $649 million in net inflows. In contrast, Roundhill experienced the largest net outflows among issuers, with investors pulling a net $59 million from its funds.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| JPMorgan | 5 | $86.23B | 40.75% |
| Neos | 18 | $31.26B | 14.77% |
| Global X | 17 | $13.20B | 6.24% |
| Goldman Sachs | 2 | $10.14B | 4.79% |
| FT Vest | 18 | $10.01B | 4.73% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| JPMorgan | $649M |
| Goldman Sachs | $262M |
| FT Vest | $209M |
| Outflows | |
| Roundhill | -$59M |
| Global X | -$25M |
| Summit Global Investments | -$11M |
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.
