Weekly Channel Summary
The FI: Taxable ETF channel currently tracks 142 brands and 690 ETFs, representing a massive $2,187B in total Assets Under Management (AUM). Flow activity remains robust, with the channel bringing in $8.03B over the past 5 days alone. This recent surge pushes the Year-to-Date (YTD) net inflows to $167.99B, contributing to an impressive $451.26B gathered over the trailing 1-year period.
This Week’s Performance Leaders and Laggards
This week, the Convertible category led the fixed income landscape, posting a strong 2.66% Week-to-Date (WTD) return, which propelled its Year-to-Date (YTD) performance to 7.71%. Conversely, Government Long funds faced headwinds, dropping 0.23% WTD, remaining the most notable laggard with a YTD return of -0.17%.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Convertible | 2.66% | 3.08% | 4.28% | 5.70% | 7.71% | 35.48% |
| Emerging | 2.01% | 0.23% | 1.06% | 4.27% | 1.34% | 14.14% |
| Emerging USD | 1.75% | -0.06% | 0.83% | 3.55% | 0.89% | 13.99% |
| International | 1.65% | -0.38% | 0.43% | 1.28% | 0.15% | 6.11% |
| Preferred Stock | 1.23% | -0.21% | -0.39% | 1.45% | 0.50% | 10.60% |
| High Yield | 0.90% | 0.35% | 0.37% | 2.62% | 0.78% | 10.54% |
| Multisector Taxable | 0.53% | -0.14% | 0.10% | 1.52% | 0.46% | 7.64% |
| Bank Loans | 0.38% | 0.77% | -0.94% | 0.83% | -0.57% | 6.23% |
| International USD | 0.34% | -0.34% | 0.09% | 0.50% | 0.30% | 3.12% |
| Corporate | 0.31% | -0.32% | -0.06% | 0.59% | 0.14% | 8.00% |
| Core Enhanced | 0.26% | -0.41% | 0.14% | 1.10% | 0.44% | 7.10% |
| Short-Term | 0.19% | -0.05% | 0.46% | 1.55% | 0.55% | 5.58% |
| Securitized | 0.18% | -0.23% | 0.51% | 1.92% | 0.87% | 7.13% |
| Long-Term | 0.17% | -0.73% | -0.57% | -0.74% | -0.05% | 9.27% |
| Core | 0.15% | -0.47% | 0.12% | 0.88% | 0.35% | 6.29% |
| Inflation Protected | 0.15% | -0.03% | 0.79% | 0.68% | 1.02% | 5.57% |
| Ultrashort | 0.13% | 0.36% | 0.83% | 2.05% | 0.97% | 5.40% |
| Government Short | 0.08% | -0.11% | 0.35% | 1.16% | 0.35% | 3.86% |
| Government Ultrashort | 0.08% | 0.30% | 0.84% | 1.83% | 0.94% | 4.00% |
| Government Intermediate | 0.06% | -0.68% | -0.09% | 0.32% | -0.05% | 4.41% |
| Government Long | -0.23% | -1.65% | -0.63% | -2.05% | -0.17% | 4.53% |
Top & Bottom 5 ETFs by Weekly Performance
Calamos Convertible Equity Alternative ETF (CVRT) paced the entire field this week, climbing 4.41%. On the opposite end of the spectrum, long-duration treasuries faced the steepest declines, with the iShares 25+ Year Treasury STRIPS Bond ETF (GOVZ) and the PIMCO 25+ Year Zero Coupon US Treasury Index Exchange-Traded Fund (ZROZ) shedding 0.90% and 0.84%, respectively.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| CVRT | Calamos Convertible Equity Alternative ETF | 4.41% |
| DADS | Digital Asset Debt Strategy ETF | 3.95% |
| FCVT | First Trust SSI Strategic Convertible Securities ETF | 3.89% |
| ICVT | iShares Convertible Bond ETF | 3.47% |
| CWB | State Street SPDR Bloomberg Convertible Securities ETF | 3.36% |
| Bottom Performers | ||
| GOVZ | iShares 25+ Year Treasury STRIPS Bond ETF | -0.90% |
| ZROZ | PIMCO 25+ Year Zero Coupon US Treasury Index Exchange-Traded Fund | -0.84% |
| EDV | Vanguard Extended Duration Treasury ETF | -0.57% |
| XTWY | BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF | -0.44% |
| UTHY | US Treasury 30 Year Bond ETF | -0.37% |
Analyzing the Weekly Flows
The FI: Taxable channel saw strong overall net inflows of $8,026M this week. Diving into the segments, FI: Corporate paced the pack by bringing in $4,249M. By Credit Type, Investment Grade funds were the clear winners with $4,883M in inflows, while Intermediate Duration products led the curve with $3,795M gathered. On the flip side, Long Duration funds saw the largest outflow across these breakdowns, shedding $502M.
Flows by Segment
| Segment | Fund Count | AUM | 5 Day Flow | 30 Day Flow | 90 Day Flow | YTD Flow | 1 Year Flow |
|---|---|---|---|---|---|---|---|
| FI: Corporate | 164 | $385.0B | $4,249M | $2,080M | $14,424M | $14,719M | $57,419M |
| Fl: Government | 120 | $694.2B | $2,562M | $27,863M | $76,743M | $79,189M | $151,348M |
| FI: Bank Loans | 44 | $61.0B | $491M | $1,279M | $2,753M | $3,764M | $12,416M |
| FI: Multi-Sector | 286 | $901.1B | $432M | $8,285M | $58,914M | $66,880M | $209,949M |
| FI: Securitized | 42 | $105.4B | $235M | $919M | $2,627M | $3,252M | $18,103M |
| FI: Preferred Stock | 27 | $39.7B | $51M | ($327M) | $199M | $148M | $1,956M |
| FI: Cat Bonds | 1 | $0.1B | $6M | $13M | $27M | $28M | $57M |
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 | 356 | $1,764.7B | $4,883M | $42,717M | $138,259M | $147,803M | $350,479M |
| Credit: High Yield | 153 | $179.0B | $2,137M | ($3,382M) | ($5,154M) | ($4,727M) | $22,866M |
| Credit: Blend | 174 | $242.6B | $1,002M | $772M | $22,564M | $24,886M | $77,778M |
Flows by Duration
| Duration | Fund Count | AUM | 5 Day Flow | 30 Day Flow | 90 Day Flow | YTD Flow | 1 Year Flow |
|---|---|---|---|---|---|---|---|
| Duration: Intermediate | 407 | $1,251.9B | $3,795M | $9,569M | $69,900M | $76,731M | $259,285M |
| Duration: Ultrashort | 134 | $456.3B | $3,198M | $27,759M | $69,633M | $74,372M | $135,165M |
| Duration: Short | 84 | $286.2B | $1,531M | $6,022M | $17,625M | $18,913M | $52,228M |
| Duration: Long | 58 | $191.8B | ($502M) | ($3,243M) | ($1,490M) | ($2,055M) | $4,445M |
Top & Bottom 5 ETFs by 5-Day Flow
The iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) led all individual ETFs with a massive $1,051M weekly haul. On the outflow side, the iShares Core U.S. Aggregate Bond ETF (AGG) and Vanguard Intermediate-Term Treasury ETF (VGIT) faced the heaviest redemptions, bleeding $1,716M and $548M, respectively.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| LQD | iShares iBoxx $ Investment Grade Corporate Bond ETF | $1,051M |
| SGOV | iShares 0-3 Month Treasury Bond ETF | $1,019M |
| IQMM | ProShares GENIUS Money Market ETF | $765M |
| VCSH | Vanguard Short-Term Corporate Bond ETF | $721M |
| VCIT | Vanguard Intermediate-Term Corporate Bond ETF | $673M |
| Outflows | ||
| AGG | iShares Core U.S. Aggregate Bond ETF | ($1,716M) |
| VGIT | Vanguard Intermediate-Term Treasury ETF | ($548M) |
| BIL | State Street SPDR Bloomberg 1-3 Month T-Bill ETF | ($327M) |
| IEF | iShares 7-10 Year Treasury Bond ETF | ($307M) |
| SCHP | Schwab US TIPS ETF | ($187M) |
Issuer League Table Update
The FI: Taxable space remains highly concentrated at the top, with iShares (36.89% market share) and Vanguard (26.29% market share) leading the pack. iShares was also the top flow gatherer this week, bringing in $2,559M, while Schwab, despite its top-five AUM ranking, saw the largest weekly outflow at -$81M.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| iShares | 87 | $806.50B | 36.89% |
| Vanguard | 30 | $574.82B | 26.29% |
| SPDR | 38 | $171.58B | 7.85% |
| JPMorgan | 19 | $84.62B | 3.87% |
| Schwab | 12 | $73.29B | 3.35% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| iShares | $2,559M |
| Vanguard | $1,709M |
| ProShares | $765M |
| Outflows | |
| Schwab | -$81M |
| Twin Oak | -$76M |
| Avantis | -$69M |
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.
