Weekly Channel Summary
The Synthetic Income channel closed the week with $225.53B in total AUM spread across 427 ETFs from 80 issuers. Net flows were positive at $1,965M for the five-day period, extending a strong 2026 with YTD inflows of $60,091M and 1-Year inflows of $77,572M. This channel continues to demonstrate durable investor demand across market environments.
This Week’s Performance Leaders and Laggards
On a WTD basis, Crypto led all categories with a 4.69% gain, followed closely by Single Stock at 4.22%, while Multi-Asset lagged at -0.08%, essentially flat alongside Equity’s modest 0.04% gain. Fixed Income and Commodity posted more muted weekly moves of 0.27% and 1.31%, respectively. Despite the weekly crypto strength, that category remains down -10.18% YTD and -30.78% over the trailing year, underscoring its volatility relative to Single Stock’s more consistent 21.97% YTD and 22.69% 1-Year returns. A standout at the fund level was MAXI, up 10.26% WTD, while NUKX was the week’s weakest performer at -5.28%.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Crypto | 4.69% | 20.02% | 24.20% | 10.32% | -10.18% | -30.78% |
| Single Stock | 4.22% | 16.09% | 11.94% | 26.59% | 21.97% | 22.69% |
| Commodity | 1.31% | 2.74% | 5.00% | -2.93% | 8.82% | 22.14% |
| Fixed Income | 0.27% | 0.03% | -1.10% | 0.44% | 1.27% | 2.63% |
| Equity | 0.04% | -0.08% | 1.74% | 10.59% | 10.32% | 14.88% |
| Multi-Asset | -0.08% | -0.59% | -0.26% | 7.02% | 6.04% | 12.63% |
Top & Bottom 5 ETFs by Weekly Performance
Bitcoin- and options-linked income strategies dominated the top of the performance leaderboard this week. MAXI topped the list with a 10.26% WTD gain, followed by ULTI at 9.24% and XBCI at 6.97%, reflecting the broader crypto category’s strength. On the downside, NUKX declined -5.28%, with XLUI and MINY also among the weakest at -2.62% and -2.55%, respectively. The spread between top and bottom performers highlights the divergence between digital-asset-linked income products and more defensive equity income strategies this week.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| MAXI | Simplify Bitcoin Strategy ETF | 10.26% |
| ULTI | REX IncomeMax Option Strategy ETF | 9.24% |
| XBCI | NEOS Boosted Bitcoin High Income ETF | 6.97% |
| HAKY | Amplify HACK Cybersecurity Covered Call ETF | 6.57% |
| SOLM | Amplify Solana 3% Monthly Option Income ETF | 6.09% |
| Bottom Performers | ||
| NUKX | Nicholas Nuclear Income ETF | -5.28% |
| XLUI | State Street Utilities Select Sector SPDR Premium Income ETF | -2.62% |
| MINY | YieldMax Strategic Metals & Mining Portfolio Option Income ETF | -2.55% |
| TDVI | FT Vest Technology Dividend Target Income ETF | -2.32% |
| HCOW | Amplify COWS Covered Call ETF | -2.28% |
Analyzing the Weekly Flows
The Synthetic Income channel attracted $1,965M in net inflows over the trailing five days. Equity led all categories by a wide margin with $1,732M of inflows, representing the vast majority of the week’s total, while Single Stock, Crypto, Fixed Income, and Commodity each added modest amounts ranging from $34M to $116M. Multi-Asset saw the smallest inflow at $3M, and no category posted net outflows for the period. Longer-term trends remain consistent, with Equity accounting for $54,606M of the channel’s $60,091M YTD net inflows.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Equity | 242 | $206.36B | $1,732M | $7,898M | $20,789M | $54,606M | $67,283M |
| Single Stock | 115 | $7.80B | $116M | $232M | $670M | $1,001M | $3,976M |
| Crypto | 22 | $2.01B | $46M | $90M | $265M | $1,050M | $1,671M |
| Fixed Income | 25 | $6.20B | $35M | $252M | $732M | $1,759M | $2,485M |
| Commodity | 17 | $2.66B | $34M | $236M | $509M | $1,392M | $1,862M |
| Multi-Asset | 6 | $500M | $3M | $16M | $61M | $284M | $296M |
Top & Bottom 5 ETFs by 5-Day Flow
NEOS-branded covered call products led fund-level inflows, with QQQI gathering $318M and SPYI adding $252M over the week. JEPQ also drew notable interest at $175M, followed by ACYN at $96M. On the outflow side, ISPY led redemptions at -$51M, while JEPI shed -$39M, the two largest weekly outflows in the channel.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| QQQI | NEOS Nasdaq 100 High Income ETF | $318M |
| SPYI | NEOS S&P 500 High Income ETF | $252M |
| JEPQ | JPMorgan NASDAQ Equity Premium Income ETF | $175M |
| ACYN | FT Vest Laddered Autocallable Barrier & Income ETF | $96M |
| GPIX | Goldman Sachs S&P 500 Premium Income ETF | $87M |
| Outflows | ||
| ISPY | ProShares S&P 500 High Income ETF | -$51M |
| JEPI | JPMorgan Equity Premium Income ETF | -$39M |
| MSFO | YieldMax MSFT Option Income Strategy ETF | -$19M |
| PLTY | YieldMax PLTR Option Income Strategy ETF | -$17M |
| TSMY | YieldMax TSM Option Income Strategy ETF | -$16M |
Issuer League Table Update
JPMorgan remains the dominant issuer in the Synthetic Income channel with $89.48B in AUM and a 39.67% market share across just 5 funds, followed by Neos at $34.94B and a 15.49% share spread across 18 products. Neos led all issuers in weekly inflows, pulling in $767M, well ahead of JPMorgan’s $238M and Goldman Sachs’ $141M. On the outflow side, ProShares saw the largest weekly redemptions among issuers at -$23M, with Summit Global Investments and GraniteShares each posting smaller outflows of -$2M. These flow patterns suggest continued rotation toward Neos’ income-generating equity strategies even as JPMorgan retains its scale advantage.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| JPMorgan | 5 | $89.48B | 39.67% |
| Neos | 18 | $34.94B | 15.49% |
| Global X | 17 | $13.78B | 6.11% |
| Goldman Sachs | 2 | $11.62B | 5.15% |
| FT Vest | 22 | $10.28B | 4.56% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| Neos | $767M |
| JPMorgan | $238M |
| Goldman Sachs | $141M |
| Outflows | |
| ProShares | -$23M |
| Summit Global Investments | -$2M |
| GraniteShares | -$2M |
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.
