Weekly Channel Summary
The FI: Specialty ETF channel currently manages a total of $68B in assets across 127 ETFs from 15 different brands. The category has shown significant momentum over the past year, attracting $22.12B in net new money. Activity remained robust this past week with $0.54B in 5-day inflows, contributing to a strong Year-to-Date (YTD) flow total of $3.49B.
This Week’s Performance Leaders and Laggards
Performance across specialty fixed income categories was mixed this week. The Fixed Income: Specialty – Maturing Ladder category led the group with a return of 1.09%, bringing its YTD performance to a solid 1.69%. Conversely, the Fixed Income: Specialty – Interest Rate Volatility category was the week’s laggard, declining -0.35%, though it remains slightly positive for the year at 0.26%.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Fixed Income: Specialty – Maturing Ladder | 1.09% | 1.32% | 1.32% | 3.67% | 1.69% | 5.93% |
| Fixed Income: Specialty – Defined Maturity | 0.49% | 0.75% | 1.65% | 3.12% | 1.05% | 6.74% |
| Fixed Income: Specialty – Interest Rate Volatility | -0.35% | 0.39% | -0.39% | -1.81% | 0.26% | -2.21% |
Top & Bottom 5 ETFs by Weekly Performance
The Simplify Bond Bull ETF (RFIX) delivered an exceptional weekly return of 6.24%, dominating the leaderboards. On the downside, interest rate hedges faced headwinds as the Simplify Interest Rate Hedge ETF (PFIX) fell -6.42%, followed by the Vest 10 Year Interest Rate Hedge ETF (RYSE) which declined -2.99%.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| RFIX | Simplify Bond Bull ETF | 6.24% |
| IBGK | iShares iBonds Dec 2054 Term Treasury ETF | 2.44% |
| IBGL | iShares iBonds Dec 2055 Term Treasury ETF | 2.42% |
| LFDR | LifeX Durable Income ETF | 2.19% |
| LFBE | LifeX 2065 Longevity Income ETF | 2.19% |
| Bottom Performers | ||
| PFIX | Simplify Interest Rate Hedge ETF | -6.42% |
| RYSE | Vest 10 Year Interest Rate Hedge ETF | -2.99% |
| HYKE | Vest 2 Year Interest Rate Hedge ETF | -1.93% |
| RISR | FolioBeyond Alternative Income and Interest Rate Hedge ETF | -0.63% |
| RINF | ProShares Inflation Expectations ETF | -0.59% |
Analyzing the Weekly Flows
The channel realized total net inflows of $545M this week. The Specialty Defined Maturity category, which represents the lion’s share of the channel with $67.1B in AUM, accounted for nearly all of the positive movement with $544M in 5-day flows. Conversely, the Fixed Income: Specialty – Maturing Ladder category saw modest outflows of -$1M.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Specialty Defined Maturity | 97 | $67.1B | $544M | $2,091M | $8,497M | $3,501M | $22,201M |
| Specialty – Interest Rate Volatility | 10 | $0.9B | $2M | $14M | $64M | ($7M) | $93M |
| Fixed Income: Specialty – Maturing Ladder | 20 | $0.1B | ($1M) | ($2M) | ($16M) | ($3M) | ($171M) |
Top & Bottom 5 ETFs by 5-Day Flow
The State Street My2028 Corporate Bond ETF (MYCH) was the week’s standout for growth, attracting $41M, which represented nearly 50% of its total AUM. On the flip side, the Invesco BulletShares 2026 Corporate Bond ETF (BSCQ) saw the largest absolute withdrawals at -$21M, followed by the Invesco BulletShares 2026 High Yield Corp Bond ETF (BSJQ) with -$9M in outflows.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| MYCH | State Street My2028 Corporate Bond ETF | $41M |
| BSCS | Invesco BulletShares 2028 Corporate Bond ETF | $37M |
| IBDW | iShares iBonds Dec 2031 Term Corporate ETF | $36M |
| IBDZ | iShares iBonds Dec 2034 Term Corporate ETF | $34M |
| BSCY | Invesco BulletShares 2034 Corporate Bond ETF | $32M |
| Outflows | ||
| BSCQ | Invesco BulletShares 2026 Corporate Bond ETF | -$21M |
| BSJQ | Invesco BulletShares 2026 High Yield Corp Bond ETF | -$9M |
| IBHF | iShares iBonds 2026 Term High Yield and Income ETF | -$7M |
| IBIC | iShares iBonds Oct 2026 Term TIPS ETF | -$5M |
| BSMQ | Invesco BulletShares 2026 Municipal Bond ETF | -$2M |
Issuer League Table Update
The issuer landscape is heavily concentrated, with iShares and Invesco controlling nearly 98% of the market share. iShares led the pack in weekly fundraising, gathering $314M in net inflows. On the other hand, Northern Trust saw the largest net outflows for the week, losing -$1M.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| iShares | 47 | $39.41B | 57.84% |
| Invesco | 28 | $27.28B | 40.04% |
| Quadratic | 1 | $0.49B | 0.72% |
| State Street | 14 | $0.28B | 0.41% |
| Simplify | 2 | $0.22B | 0.33% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| iShares | $314M |
| Invesco | $184M |
| State Street | $45M |
| Outflows | |
| Northern Funds | -$1M |
| Stone Ridge | $0M |
| Quadratic | $2M |
For a deeper dive into these trends, access our FREE, in-depth FI: Specialty 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.
