Weekly Channel Summary
The Synthetic Income channel continues to demonstrate robust activity, closing the week with $170B in total Assets Under Management (AUM) across 330 ETFs from 65 different issuers. Investor demand remained strong, with the channel attracting $1.33B in net inflows over the past 5 days. This pushes the Year-to-Date (YTD) flow total to $1.58B, building on a massive $69.92B gathered over the past year.
This Week’s Performance Leaders and Laggards
The performance landscape this week was defined by significant volatility in precious metals and specific option strategies. Silver and Gold-focused funds dominated the top of the leaderboard, while inverse strategies and certain crypto-linked funds struggled to find footing.
Top & Bottom 5 ETFs by Weekly Performance
The standout performer of the week was the KSLV, which surged by 11.31%. On the other end of the spectrum, the SLTY faced the steepest decline, dropping -5.26%, followed by the MLPI which fell -1.94%.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| KSLV | Kurv Silver Enhanced Income ETF | 11.31% |
| ULTI | REX IncomeMax Option Strategy ETF | 9.72% |
| SLJY | Amplify SILJ Covered Call ETF | 9.43% |
| GDXW | Roundhill Gold Miners WeeklyPay ETF | 9.41% |
| YGLD | Simplify Gold Strategy PLUS Income ETF | 6.42% |
| Bottom Performers | ||
| SLTY | YieldMax Ultra Short Option Income Strategy ETF | -5.26% |
| MLPI | NEOS MLP & Energy Infrastructure High Income ETF | -1.94% |
| ETHI | Defiance Leveraged Long Income Ethereum ETF | -1.92% |
| MDST | Westwood Salient Enhanced Midstream Income ETF | -1.65% |
| YQQQ | YieldMax Short N100 Option Income Strategy ETF | -1.58% |
Analyzing the Weekly Flows
The Synthetic Income channel attracted a total of $1,335M in net flows this week. The vast majority of this capital was allocated to the Synthetic Income – Equity category, which commands $151.7B in AUM and pulled in over $1.2B alone. The Synthetic Income – Commodity category also saw notable inflows of $50M. Conversely, the Synthetic Income – Single Stock category saw the largest outflows, shedding $50M.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Synthetic Income – Equity | 166 | $151,727M | $1,253M | $5,922M | $10,981M | $1,549M | $50,605M |
| Synthetic Income – Commodity | 12 | $1,776M | $50M | $221M | $417M | $53M | $905M |
| Synthetic Income – Crypto | 22 | $1,913M | $44M | $199M | $952M | $45M | $2,529M |
| Synthetic Income – Fixed Income | 18 | $4,605M | $38M | $125M | $612M | $41M | $1,618M |
| Synthetic Income – Multi-Asset | 5 | $208M | $0M | $0M | $16M | $8M | $39M |
| Synthetic Income – Single Stock | 104 | $10,127M | ($50M) | ($298M) | $2,244M | ($104M) | $14,227M |
Top & Bottom 5 ETFs by 5-Day Flow
Leading the inflows this week was the SPYI, which gathered $177M. On the outflows side, the GQI and WPAY saw the largest exits, losing $46M and $25M respectively.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| SPYI | NEOS S&P 500 High Income ETF | $177M |
| JEPQ | JPMorgan NASDAQ Equity Premium Income ETF | $168M |
| JEPI | JPMorgan Equity Premium Income ETF | $155M |
| QQQI | NEOS Nasdaq 100 High Income ETF | $144M |
| GPIX | Goldman Sachs S&P 500 Premium Income ETF | $118M |
| Outflows | ||
| GQI | Natixis Gateway Quality Income ETF | ($46M) |
| WPAY | Roundhill WeeklyPay Universe ETF | ($25M) |
| ULTY | YieldMax Ultra Option Income Strategy ETF | ($23M) |
| KNG | FT Vest S&P 500 Dividend Aristocrats Target Income ETF | ($22M) |
| YMAX | YieldMax Universe Fund of Option Income ETFs | ($18M) |
Issuer League Table Update
JPMorgan remains the dominant force in the channel with over 44% market share, followed by Neos at nearly 11%. Neos led all issuers in weekly inflows, gathering $432M. Meanwhile, YieldMax, despite being a top-5 issuer by AUM, experienced the largest weekly outflows among top-tier brands, seeing a net reduction of $42M.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| JPMorgan | 3 | $75.53B | 44.34% |
| Neos | 15 | $18.31B | 10.75% |
| Global X | 14 | $13.21B | 7.75% |
| YieldMax | 60 | $10.97B | 6.44% |
| FT Vest | 11 | $7.93B | 4.66% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| Neos | $432M |
| JPMorgan | $323M |
| Goldman Sachs | $233M |
| Outflows | |
| Natixis | ($46M) |
| YieldMax | ($42M) |
| Roundhill | ($11M) |
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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.
