Weekly Channel Summary
The taxable fixed income ETF channel ended the week of January 9, 2026, with total assets under management (AUM) reaching $2,042 billion across 658 ETFs from 136 different issuers. The channel experienced robust flow activity, pulling in $10.60 billion for the week. This strong weekly performance brings the year-to-date (YTD) net inflows to $12.01 billion, building on an impressive trailing one-year total of $385.25 billion in net new money.
This Week’s Performance Leaders and Laggards
Risk-on sentiment was evident this week as the Convertible category led all taxable bond segments with a 1.53% return, which also pushed its YTD performance to a leading 3.24%. Conversely, the International category was the primary laggard, falling 0.15% on the week, though it remains up significantly over the trailing year. The Government Long segment also saw strength, gaining 0.79% as longer-dated yields moderated.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Convertible | 1.53% | 1.38% | -0.69% | 7.71% | 3.24% | 24.79% |
| Government Long | 0.79% | 0.38% | -0.05% | 3.54% | 0.47% | 7.53% |
| Long-Term | 0.78% | 0.58% | 0.46% | 4.78% | 0.52% | 9.52% |
| Preferred Stock | 0.44% | 1.41% | 1.33% | 4.51% | 0.89% | 7.20% |
| Securitized | 0.41% | 0.98% | 1.71% | 4.23% | 0.36% | 8.59% |
| International USD | 0.38% | 0.58% | 0.60% | 1.60% | 0.22% | 4.26% |
| High Yield | 0.35% | 1.00% | 1.86% | 4.07% | 0.41% | 8.41% |
| Multisector Taxable | 0.33% | 0.90% | 1.50% | 3.78% | 0.35% | 7.55% |
| Core | 0.32% | 0.70% | 1.16% | 3.77% | 0.24% | 7.83% |
| Corporate | 0.30% | 0.55% | 0.91% | 3.81% | 0.20% | 8.55% |
| Government Short | -0.01% | 0.46% | 1.00% | 2.45% | 0.00% | 5.40% |
| International | -0.15% | 0.74% | 1.03% | 0.61% | -0.28% | 12.35% |
Top & Bottom 5 ETFs by Weekly Performance
The CVRT (Calamos Convertible Equity Alternative ETF) was the single best-performing ETF this week, posting a gain of 2.23%. On the other hand, international government bonds faced headwinds, with the BWZ (SPDR Bloomberg Short Term International Treasury Bond ETF) and TUA (Simplify Short Term Treasury Futures Strategy ETF) lagging the field with returns of -0.60% and -0.58%, respectively.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| CVRT | Calamos Convertible Equity Alternative ETF | 2.23% |
| FCVT | First Trust SSI Strategic Convertible Securities ETF | 2.17% |
| SPFF | Global X Superincome Preferred ETF | 2.02% |
| CWB | State Street SPDR Bloomberg Convertible Securities ETF | 1.82% |
| ICVT | iShares Convertible Bond ETF | 1.72% |
| Bottom Performers | ||
| IBND | SPDR Bloomberg International Corporate Bond ETF | -0.39% |
| ISHG | iShares 1-3 Year International Treasury Bond ETF | -0.39% |
| BWX | SPDR Bloomberg International Treasury Bond ETF | -0.42% |
| TUA | Simplify Short Term Treasury Futures Strategy ETF | -0.58% |
| BWZ | SPDR Bloomberg Short Term International Treasury Bond ETF | -0.60% |
Analyzing the Weekly Flows
Total net flows for the taxable ETF channel reached $10.60 billion this week. Flow activity was dominated by the FI: Multi-Sector segment, which gathered a massive $6.01 billion. From a credit perspective, Investment Grade remained the primary target for investors, while the Intermediate duration bucket saw the strongest appetite as investors balanced yield and rate risk. The only major outflow occurred in the Duration: Long category, which shed $483 million.
Flows by Segment
| Segment | Fund Count | AUM | 5 Day Flow | 30 Day Flow | 90 Day Flow | YTD Flow | 1 Year Flow |
|---|---|---|---|---|---|---|---|
| FI: Multi-Sector | 277 | $847.8B | $6,010M | $22,371M | $61,247M | $7,867M | $188,572M |
| FI: Government | 116 | $619.4B | $2,698M | $8,822M | $36,927M | $2,287M | $120,313M |
| FI: Bank Loans | 37 | $58.5B | $967M | $855M | $72M | $1,011M | $11,138M |
| FI: Securitized | 37 | $101.8B | $604M | $1,689M | ($418M) | $625M | $18,579M |
| FI: Corporate | 165 | $373.8B | $341M | $2,380M | $11,838M | $270M | $44,802M |
| FI: Cat Bonds | 1 | $0.0B | $1M | $8M | $23M | $1M | $35M |
| FI: Preferred Stock | 25 | $40.2B | ($21M) | $142M | $471M | ($51M) | $1,812M |
Flows by Credit Type
| Credit Type | Fund Count | AUM | 5 Day Flow | 30 Day Flow | 90 Day Flow | YTD Flow | 1 Year Flow |
|---|---|---|---|---|---|---|---|
| Credit: Investment Grade | 343 | $1,633.9B | $7,813M | $24,977M | $79,565M | $9,261M | $291,330M |
| Credit: Blend | 165 | $221.3B | $2,306M | $8,387M | $24,551M | $2,322M | $68,647M |
| Credit: High Yield | 149 | $186.2B | $480M | $2,898M | $5,979M | $427M | $25,166M |
Flows by Duration
| Duration | Fund Count | AUM | 5 Day Flow | 30 Day Flow | 90 Day Flow | YTD Flow | 1 Year Flow |
|---|---|---|---|---|---|---|---|
| Duration: Intermediate | 394 | $1,189.8B | $5,827M | $23,236M | $67,195M | $6,611M | $223,722M |
| Duration: Ultrashort | 123 | $386.9B | $3,708M | $8,378M | $21,882M | $4,739M | $107,554M |
| Duration: Short | 84 | $269.2B | $1,547M | $4,409M | $13,932M | $1,205M | $41,150M |
| Duration: Long | 56 | $195.5B | ($483M) | $239M | $7,086M | ($546M) | $12,717M |
Top & Bottom 5 ETFs by 5-Day Flow
The SGOV (iShares 0-3 Month Treasury Bond ETF) was the top flow gatherer for the week, attracting $1,542 million. In contrast, high-yield and investment-grade corporate bonds faced major outflows, with the HYG (iShares iBoxx $ High Yield Corporate Bond ETF) and LQD (iShares iBoxx $ Investment Grade Corporate Bond ETF) losing $1,138 million and $982 million, respectively.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| SGOV | iShares 0-3 Month Treasury Bond ETF | $1,542M |
| BND | Vanguard Total Bond Market ETF | $586M |
| VCIT | Vanguard Intermediate-Term Corporate Bond ETF | $453M |
| IEF | iShares 7-10 Year Treasury Bond ETF | $443M |
| AGG | iShares Core U.S. Aggregate Bond ETF | $439M |
| Outflows | ||
| HYG | iShares iBoxx $ High Yield Corporate Bond ETF | ($1,138M) |
| LQD | iShares iBoxx $ Investment Grade Corporate Bond ETF | ($982M) |
| TLT | iShares 20+ Year Treasury Bond ETF | ($833M) |
| SPAB | State Street SPDR Portfolio Aggregate Bond ETF | ($191M) |
| TIP | iShares TIPS Bond ETF | ($111M) |
Issuer League Table Update
iShares remains the dominant force in the taxable bond space with a 37.85% market share, followed by Vanguard at 26.68%. Vanguard was the clear winner in weekly flows, gathering $3,120 million in net new money. Among the top brands, BondBloxx saw the largest weekly outflow, losing $25 million as investors rotated out of specific target-duration treasury exposures.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| iShares | 84 | $772.72B | 37.85% |
| Vanguard | 30 | $544.71B | 26.68% |
| SPDR | 39 | $163.84B | 8.03% |
| JPMorgan | 19 | $76.30B | 3.74% |
| Schwab | 12 | $69.68B | 3.41% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| Vanguard | $3,120M |
| iShares | $1,395M |
| JPMorgan | $740M |
| Outflows | |
| BondBloxx | ($25M) |
| Global X | ($17M) |
| AAM | ($7M) |
For a deeper dive into these trends, access our FREE, in-depth Taxable 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.
