Weekly Channel Summary
The FI: Specialty channel ended the week with $68.2B in assets under management across 128 ETFs from 14 issuers. The channel generated $268M in net inflows over the past 5 days, contributing to a Year-to-Date total of $14.29B and a 1-Year haul of $17.72B.
This Week’s Performance Leaders and Laggards
Performance across the specialty fixed income landscape was muted but generally positive this week. The best-performing category was “Fixed Income: Specialty – Maturing Ladder,” posting a 0.28% return, while “Fixed Income: Specialty – Interest Rate Volatility” lagged slightly with a return of 0.02%. Year-to-Date, the Maturing Ladder category remains strong with a 6.42% return, while Interest Rate Volatility remains in negative territory at -0.94%.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Fixed Income: Specialty – Maturing Ladder | 0.28% | -0.90% | 2.82% | 6.77% | 6.42% | 4.87% |
| Fixed Income: Specialty – Defined Maturity | 0.24% | -0.15% | 1.84% | 4.41% | 5.94% | 5.92% |
| Fixed Income: Specialty – Interest Rate Volatility | 0.02% | 0.77% | -1.52% | -3.02% | -0.94% | 1.86% |
Top & Bottom 5 ETFs by Weekly Performance
Among individual funds, the Simplify Bond Bull ETF (RFIX) led the pack with a solid 1.95% return. On the downside, the Vest 2 Year Interest Rate Hedge ETF (HYKE) and the Vest 10 Year Interest Rate Hedge ETF (RYSE) struggled the most, posting returns of -1.81% and -1.45%, respectively.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| RFIX | Simplify Bond Bull ETF | 1.95% |
| PFIX | Simplify Interest Rate Hedge ETF | 1.32% |
| IVOL | KraneShares Quadratic Interest Rate Volatility and Inflation Hedge ETF | 1.09% |
| IRVH | Global X Interest Rate Volatility & Inflation Hedge ETF | 0.82% |
| IBTQ | iShares iBonds Dec 2035 Term Treasury ETF | 0.75% |
| Bottom Performers | ||
| HYKE | Vest 2 Year Interest Rate Hedge ETF | -1.81% |
| RYSE | Vest 10 Year Interest Rate Hedge ETF | -1.45% |
| RINF | ProShares Inflation Expectations ETF | -0.74% |
| BNDD | Quadratic Deflation ETF | -0.53% |
| CPII | American Beacon Ionic Inflation Protection ETF | -0.26% |
Analyzing the Weekly Flows
The channel attracted a total of $268M in net inflows this week. The “Specialty – Defined Maturity” category was the clear driver of growth, pulling in $287M to bring its total AUM to $67.1B. Conversely, “Fixed Income: Specialty – Maturing Ladder” saw the largest outflows, shedding -$17M.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Specialty – Defined Maturity | 98 | $67.1B | $287M | $1,083M | $4,300M | $14,072M | $17,526M |
| Specialty – Interest Rate Volatility | 10 | $0.9B | -$2M | -$8M | $86M | $135M | $110M |
| Fixed Income: Specialty – Maturing Ladder | 20 | $0.1B | -$17M | -$53M | -$147M | $84M | $84M |
Top & Bottom 5 ETFs by 5-Day Flow
Leading inflows for the week was the iShares iBonds Dec 2027 Term Corporate ETF (IBDS). On the other end of the spectrum, the Invesco Bulletshares 2025 Corporate Bond ETF (BSCP) and the iShares iBonds Dec 2025 Term Corporate ETF (IBDQ) experienced the most significant outflows.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| IBDS | iShares iBonds Dec 2027 Term Corporate ETF | $35M |
| IBMO | iShares iBonds Dec 2026 Term Muni Bond ETF | $35M |
| IBDV | iShares iBonds Dec 2030 Term Corporate ETF | $31M |
| IBTJ | iShares iBonds Dec 2029 Term Treasury ETF | $31M |
| IBTH | iShares iBonds Dec 2027 Term Treasury ETF | $29M |
| Outflows | ||
| BSCP | Invesco Bulletshares 2025 Corporate Bond ETF | -$78M |
| IBDQ | iShares iBonds Dec 2025 Term Corporate ETF | -$52M |
| IBTF | iShares iBonds Dec 2025 Term Treasury ETF | -$49M |
| LDDR | LifeX 2035 Income Bucket ETF | -$19M |
| IBDX | iShares iBonds Dec 2032 Term Corporate ETF | -$13M |
Issuer League Table Update
iShares and Invesco continue to dominate the issuer landscape, holding the top two spots for market share. iShares also secured the most significant weekly inflows at $238M, while Stone Ridge saw the largest outflows at -$18M.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| iShares | 51 | $39.09B | 57.33% |
| Invesco | 31 | $27.82B | 40.80% |
| Quadratic | 1 | $0.43B | 0.63% |
| Simplify | 2 | $0.27B | 0.40% |
| SPDR | 16 | $0.22B | 0.33% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| iShares | $238M |
| Invesco | $49M |
| Northern Trust | $1M |
| Outflows | |
| Stone Ridge | -$18M |
| Quadratic | -$2M |
| Global X | $0M |
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.
