Weekly Channel Summary
The Synthetic Income channel, as of October 31, 2025, encompasses 290 ETFs from 61 issuers, with total assets under management (AUM) standing at $163 billion. Over the past week, the channel saw net inflows of $740 million, bringing year-to-date (YTD) net flows to $59.49 billion and one-year net flows to $70.32 billion.
This Week’s Performance Leaders and Laggards
This past week saw varied performance across the Synthetic Income ETF landscape. The top-performing ETFs were concentrated in macro and technology-focused strategies, while laggards were primarily found in commodity and real estate-focused funds.
Top & Bottom 5 ETFs by Weekly Performance
The week’s standout performer was the VistaShares Target 15 DRUKMacro Distribution ETF (DRKY), which gained 3.26%. On the other end of the spectrum, the Simplify Gold Strategy PLUS Income ETF (YGLD) was the worst performer with a -4.68% return, followed by the Materials Select Sector SPDR Premium Income Fund (XLBI) at -3.35%.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| DRKY | VistaShares Target 15 DRUKMacro Distribution ETF | 3.26% |
| SOXY | YieldMax Target 12 Semiconductor Option Income ETF | 2.99% |
| GPTY | YieldMax AI & Tech Portfolio Option Income ETF | 2.79% |
| KQQQ | Kurv Technology Titans Select ETF | 2.69% |
| QLDY | Defiance Nasdaq 100 LightningSpread Income ETF | 2.50% |
| Bottom Performers | ||
| YGLD | Simplify Gold Strategy PLUS Income ETF | -4.68% |
| XLBI | Materials Select Sector SPDR Premium Income Fund | -3.35% |
| SRHR | SRH REIT Covered Call ETF | -3.32% |
| XLSI | Consumer Staples Select Sector SPDR Premium Income Fund | -3.18% |
| NDIV | Amplify Natural Resources Dividend Income ETF | -3.14% |
Analyzing the Weekly Flows
The Synthetic Income channel recorded $717 million in total net inflows this past week. The ‘Synthetic Income – Equity’ category led the way, attracting $663 million in new assets and holding a total AUM of $142.36 billion. Other categories like ‘Synthetic Income – Single Stock’ ($105M) and ‘Synthetic Income – Fixed Income’ ($101M) also saw positive inflows. The ‘Synthetic Income – Crypto’ category experienced the largest outflows, shedding $169 million.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Synthetic Income – Equity | 150 | $142,359M | $663M | $2,594M | $10,782M | $42,423M | $50,377M |
| Synthetic Income – Single Stock | 81 | $13,400M | $105M | $1,061M | $2,737M | $13,391M | $16,076M |
| Synthetic Income – Fixed Income | 18 | $4,282M | $101M | $269M | $563M | $1,207M | $1,211M |
| Synthetic Income – Commodity | 11 | $1,372M | $16M | $125M | $347M | $558M | $588M |
| Synthetic Income – Multi-Asset | 3 | $193M | $2M | $2M | $8M | $32M | $41M |
| Synthetic Income – Crypto | 19 | $1,854M | ($169M) | $271M | $992M | $1,841M | $1,992M |
Top & Bottom 5 ETFs by 5-Day Flow
Individually, the Goldman Sachs S&P 500 Premium Income ETF (GPIX) led inflows with $129 million. The largest outflows came from the Roundhill Bitcoin Covered Call Strategy ETF (YBTC), which saw $256 million in redemptions, followed by the YieldMax Ultra Option Income Strategy ETF (ULTY) with $136 million in outflows.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| GPIX | Goldman Sachs S&P 500 Premium Income ETF | $129M |
| GPIQ | Goldman Sachs Nasdaq-100 Premium Income ETF | $120M |
| JEPQ | JPMorgan NASDAQ Equity Premium Income ETF | $112M |
| JEPI | JPMorgan Equity Premium Income ETF | $69M |
| TLTW | iShares 20+ Year Treasury Bond BuyWrite Strategy ETF | $64M |
| Outflows | ||
| YBTC | Roundhill Bitcoin Covered Call Strategy ETF | ($256M) |
| ULTY | YieldMax Ultra Option Income Strategy ETF | ($136M) |
| QQQI | NEOS Nasdaq 100 High Income ETF | ($70M) |
| QYLD | Global X NASDAQ 100 Covered Call ETF | ($46M) |
| KNG | FT Vest S&P 500 Dividend Aristocrats Target Income ETF | ($39M) |
Issuer League Table Update
JPMorgan remains the dominant issuer in the Synthetic Income space, commanding 44.46% of the market’s AUM, followed by YieldMax at 9.65%. This week, Goldman Sachs gathered the most new assets with $249 million in inflows. Among the top 5 issuers by AUM, YieldMax saw the largest outflows at $130 million, followed by Global X with $55 million in outflows.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| JPMorgan | 3 | $72.69B | 44.46% |
| YieldMax | 57 | $15.77B | 9.65% |
| Neos | 13 | $14.76B | 9.02% |
| Global X | 15 | $12.79B | 7.82% |
| FT Vest | 11 | $7.46B | 4.56% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| Goldman Sachs | $249M |
| JPMorgan | $182M |
| iShares | $84M |
| Outflows | |
| YieldMax | -$130M |
| Roundhill | -$108M |
| Global X | -$55M |
For a deeper dive into these trends, access our FREE, in-depth Thematic 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.
