Weekly Channel Summary
The Synthetic Income channel now holds $220.12B in total assets under management across 416 ETFs from 77 different issuers. Investors added a net $1.48B to the space over the past week, contributing to a year-to-date inflow of $50.72B. Over the last twelve months, the channel has attracted a total of $73.95B in new capital.
This Week’s Performance Leaders and Laggards
Commodity-linked funds led performance this week, gaining 1.11%, though they remain down over the last three and six months. Equity funds, the channel’s largest category, rose 0.85% and are now up 11.20% year-to-date. On the downside, Crypto funds were the worst performers with a -2.61% weekly loss, extending their year-to-date decline to -26.15%. Fixed Income funds also finished the week in the red, dipping -0.24%.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Commodity | 1.11% | 6.93% | -7.93% | -4.20% | 5.45% | 25.68% |
| Equity | 0.85% | 2.34% | 4.46% | 9.35% | 11.20% | 18.33% |
| Single Stock | 0.71% | 1.52% | -4.10% | 18.32% | 8.33% | 12.73% |
| Multi-Asset | 0.40% | 1.17% | 2.04% | 6.37% | 7.17% | 17.00% |
| Fixed Income | -0.24% | -0.33% | 0.03% | -0.19% | 1.31% | 4.31% |
| Crypto | -2.61% | -1.21% | -20.84% | -7.28% | -26.15% | -42.79% |
Top & Bottom 5 ETFs by Weekly Performance
The NestYield Dynamic Income ETF (EGGY) was the week’s top performer, surging 7.98%, with its sibling fund EGGQ posting a similar 7.91% gain. Energy-focused strategies also performed well, with the Westwood Salient Enhanced Energy Income ETF (WEEI) climbing 5.31%. In contrast, Bitcoin-linked strategies populated the bottom performers list, with the Simplify Bitcoin Strategy ETF (MAXI) seeing the steepest decline of -5.35%.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| EGGY | NestYield Dynamic Income ETF | 7.98% |
| EGGQ | NestYield Visionary ETF | 7.91% |
| WEEI | Westwood Salient Enhanced Energy Income ETF | 5.31% |
| XLEI | State Street Energy Select Sector SPDR Premium Income ETF | 5.22% |
| EGGS | NestYield Total Return Guard ETF | 4.30% |
| Bottom Performers | ||
| MAXI | Simplify Bitcoin Strategy ETF | -5.35% |
| XBCI | NEOS Boosted Bitcoin High Income ETF | -3.97% |
| BITY | Amplify Bitcoin 2% Monthly Option Income ETF | -3.52% |
| BAGY | Amplify Bitcoin Max Income Covered Call ETF | -3.50% |
| DFII | FT Vest Bitcoin Strategy & Target Income ETF | -3.14% |
Analyzing the Weekly Flows
Investors poured a net $1.48B into Synthetic Income ETFs this week, with every category experiencing positive inflows. Equity strategies were the primary destination for new capital, attracting $1.35B of the total. Commodity funds saw the second-largest inflow at $77M, while Fixed Income funds gathered $36M. The remaining categories saw minimal net new assets for the period.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Equity | 228 | $202.03B | $1,350M | $7,553M | $19,176M | $46,105M | $63,020M |
| Commodity | 17 | $2.44B | $77M | $143M | $455M | $1,137M | $1,737M |
| Fixed Income | 25 | $5.98B | $36M | $259M | $611M | $1,498M | $2,452M |
| Crypto | 23 | $1.73B | $12M | $82M | $325M | $950M | $1,954M |
| Single Stock | 117 | $7.45B | $4M | $333M | $988M | $767M | $4,507M |
| Multi-Asset | 6 | $489M | $1M | $31M | $50M | $265M | $282M |
Top & Bottom 5 ETFs by 5-Day Flow
The NEOS S&P 500 High Income ETF (SPYI) led all funds with a significant $212M inflow, followed by the Goldman Sachs S&P 500 Premium Income ETF (GPIX) which collected $137M. Redemptions were led by the JPMorgan NASDAQ Equity Premium Income ETF (JEPQ), which saw outflows of -$30M. The YieldMax NVDA Option Income Strategy ETF (NVDY) also experienced notable outflows, shedding -$18M for the week.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| SPYI | NEOS S&P 500 High Income ETF | $212M |
| GPIX | Goldman Sachs S&P 500 Premium Income ETF | $137M |
| QQQI | NEOS Nasdaq 100 High Income ETF | $119M |
| ACYN | FT Vest Laddered Autocallable Barrier & Income ETF | $82M |
| BALI | iShares U.S. Large Cap Premium Income Active ETF | $71M |
| Outflows | ||
| JEPQ | JPMorgan NASDAQ Equity Premium Income ETF | -$30M |
| NVDY | YieldMax NVDA Option Income Strategy ETF | -$18M |
| PLTY | YieldMax PLTR Option Income Strategy ETF | -$11M |
| TLTW | iShares 20+ Year Treasury Bond BuyWrite Strategy ETF | -$10M |
| XQQI | NEOS Boosted Nasdaq-100 High Income ETF | -$6M |
Issuer League Table Update
JPMorgan maintains its commanding lead in the Synthetic Income space, holding $89.0B in AUM for a 40.45% market share, while Neos holds the second position with a 15.02% share. Neos was the week’s top asset gatherer, pulling in $436M in net new capital across its fund lineup. Goldman Sachs also had a strong week with $193M in inflows, while outflows were minimal across the board, led by ProShares with just -$1M in redemptions.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| JPMorgan | 5 | $89.03B | 40.45% |
| Neos | 18 | $33.07B | 15.02% |
| Global X | 17 | $13.58B | 6.17% |
| Goldman Sachs | 2 | $10.94B | 4.97% |
| FT Vest | 18 | $10.28B | 4.67% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| Neos | $436M |
| Goldman Sachs | $193M |
| First Trust | $97M |
| Outflows | |
| ProShares | -$1M |
| GraniteShares | -$1M |
| Grayscale | -$1M |
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.
