Weekly Channel Summary
The Synthetic Income channel closed the week with total AUM of $231.57B spread across 445 ETFs from 82 issuers. Net flows were positive at $1,774M for the five-day period, extending a strong 2026 with YTD inflows of $72,448M and trailing one-year inflows of $81,652M. The channel continues to demonstrate durable investor demand for income-oriented strategies despite volatility in crypto-linked segments.
This Week’s Performance Leaders and Laggards
On a WTD basis, the standout category was Equity: Thematic – Midstream & MLPs, up 3.54%, followed closely by the broad Equity category at 2.75%, while Multi-Asset posted a modest 0.74% gain. At the other end, Crypto was the clear laggard, falling 9.37% for the week and down 23.75% YTD, with Commodity also weak at -3.60% WTD. Fixed Income and Single Stock categories were roughly flat to slightly negative, down 0.71% and 0.89% respectively. Among individual funds, the SOXY led all funds with a 9.21% weekly gain, while crypto-income products dominated the bottom of the list, with XRPM falling 17.97%. The divergence underscores continued volatility in digital-asset-linked income strategies relative to equity-based option-income products.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Equity: Thematic – Midstream & MLPs | 3.54% | -5.22% | — | — | — | — |
| Equity | 2.75% | -2.56% | -1.75% | 2.88% | 9.10% | 11.52% |
| Multi-Asset | 0.74% | -1.61% | -2.68% | -0.45% | 4.09% | 8.19% |
| Fixed Income | -0.71% | 0.91% | -0.16% | 0.34% | 1.70% | 2.04% |
| Single Stock | -0.89% | -14.27% | 3.23% | 0.35% | 20.25% | 17.84% |
| Commodity | -3.60% | -7.59% | -9.01% | -16.73% | -2.85% | 1.54% |
| Crypto | -9.37% | -17.40% | 2.92% | -17.18% | -23.75% | -29.85% |
Top & Bottom 5 ETFs by Weekly Performance
Semiconductor and technology-themed option income funds led the week’s performance, with SOXY gaining 9.21%, closely trailed by OPTO at 9.01% and CHPY at 8.50%. These gains reflect strength in the underlying technology complex that these option-income strategies are designed to harvest premium from. Conversely, crypto-adjacent income ETFs suffered steep losses, led by XRPM at -17.97% and EHY at -15.78%. The spread between the best and worst performing funds exceeded 27 percentage points, highlighting the wide performance dispersion within the channel this week.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| SOXY | YieldMax Target 12 Semiconductor Option Income ETF | 9.21% |
| OPTO | Tuttle Capital Photonics Income Blast ETF | 9.01% |
| CHPY | YieldMax Semiconductor Portfolio Option Income ETF | 8.50% |
| SPCI | Tuttle Capital Space Industry Income Blast ETF | 8.40% |
| YRAM | YieldMax Memory and Storage Portfolio Option Income ETF | 7.76% |
| Bottom Performers | ||
| XRPM | Amplify XRP 3% Monthly Premium Income ETF | -17.97% |
| EHY | Amplify Ethereum Max Income Covered Call ETF | -15.78% |
| SOLM | Amplify Solana 3% Monthly Option Income ETF | -15.72% |
| MAXI | Simplify Bitcoin Strategy ETF | -15.67% |
| ETTY | Amplify Ethereum 3% Monthly Option Income ETF | -15.54% |
Analyzing the Weekly Flows
The Synthetic Income channel attracted $1,774M in net inflows over the five-day period, with the Equity category dominating at $1,735M, representing nearly all of the channel’s net inflow activity. Crypto and Single Stock categories added modest inflows of $25M and $14M respectively, while Fixed Income gained $13M. On the outflow side, Commodity led with -$11M and Multi-Asset saw a small -$3M outflow, indicating broad-based but shallow retrenchment outside the dominant Equity segment. The concentration of flows into Equity-linked income products reaffirms the category’s central role in driving overall channel growth.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Equity | 250 | $213.52B | $1,735M | $6,923M | $20,369M | $66,030M | $73,219M |
| Crypto | 22 | $2.01B | $25M | $104M | $356M | $1,302M | $1,550M |
| Single Stock | 123 | $6.83B | $14M | $98M | $611M | $1,358M | $2,587M |
| Fixed Income | 26 | $6.22B | $13M | $23M | $382M | $1,868M | $2,152M |
| Equity: Thematic – Midstream & MLPs | 1 | $34M | $0M | -$0M | $36M | $36M | $36M |
| Multi-Asset | 5 | $528M | -$3M | $35M | $60M | $325M | $338M |
| Commodity | 18 | $2.43B | -$11M | $25M | $395M | $1,530M | $1,771M |
Top & Bottom 5 ETFs by 5-Day Flow
JEPI led all funds with $567M in five-day inflows, followed by QQQI at $332M, underscoring continued demand for large-cap option-income strategies. On the outflow side, IGLD and NVDY posted the largest redemptions at -$20M and -$17M respectively. These outflows were relatively modest compared to the scale of inflows at the top of the list, reinforcing the net positive flow picture for the channel overall.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| JEPI | JPMorgan Equity Premium Income ETF | $567M |
| QQQI | NEOS Nasdaq 100 High Income ETF | $332M |
| GPIX | Goldman Sachs S&P 500 Premium Income ETF | $151M |
| SPYI | NEOS S&P 500 High Income ETF | $109M |
| ACYN | FT Vest Laddered Autocallable Barrier & Income ETF | $85M |
| Outflows | ||
| IGLD | FT Vest Gold Strategy Target Income ETF | -$20M |
| NVDY | YieldMax NVDA Option Income Strategy ETF | -$17M |
| QDTE | Roundhill Nasdaq-100 0DTE Covered Call Strategy ETF | -$16M |
| IDVO | Amplify CWP International Enhanced Dividend Income ETF | -$15M |
| ULTY | YieldMax Ultra Option Income Strategy ETF | -$12M |
Issuer League Table Update
JPMorgan remains the dominant issuer in the Synthetic Income channel with a 39.51% market share and $91.49B in AUM across just 5 funds, followed by Neos at 15.79% share and $36.56B across 19 funds. JPMorgan also led weekly inflows with $669M, followed closely by Neos at $490M and Goldman Sachs at $222M, indicating that the largest players continue to capture the bulk of new investor capital. On the outflow side, YieldMax saw the largest weekly redemptions at -$23M, followed by Roundhill at -$14M and REX Shares at -$12M. The concentration of both AUM and inflows among the top issuers highlights a maturing but still top-heavy competitive landscape within the channel.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| JPMorgan | 5 | $91.49B | 39.51% |
| Neos | 19 | $36.56B | 15.79% |
| Global X | 16 | $13.51B | 5.83% |
| Goldman Sachs | 2 | $13.21B | 5.70% |
| FT Vest | 30 | $10.83B | 4.68% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| JPMorgan | $669M |
| Neos | $490M |
| Goldman Sachs | $222M |
| Outflows | |
| YieldMax | -$23M |
| Roundhill | -$14M |
| REX Shares | -$12M |
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.
