Weekly Channel Summary
The Taxable Fixed Income ETF channel continues to show robust growth, ending the week with approximately $2.023 trillion in total Assets Under Management (AUM) across 658 ETFs and 136 issuers. Weekly activity was marked by significant net inflows of $8.66 billion, bringing the Year-to-Date (YTD) total to a staggering $375.17 billion. This momentum reflects a continued preference for fixed income strategies, with current 1-year flows reaching $378.68 billion as investors position themselves for the year ahead.
This Week’s Performance Leaders and Laggards
International and Emerging Market debt led the channel this week, with International categories returning 0.77% and Emerging markets gaining 0.46%. These categories also maintain strong YTD standings at 11.84% and 13.55%, respectively. Conversely, interest-rate sensitive segments like Preferred Stock (0.01%) and Government Ultrashort (0.07%) lagged, though most categories remained in positive territory for the week.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| International | 0.77% | 1.15% | 0.99% | 0.68% | 11.84% | 11.62% |
| Emerging | 0.46% | 1.18% | 2.70% | 6.09% | 13.55% | 13.44% |
| Long-Term | 0.46% | -1.04% | 0.83% | 4.39% | 7.96% | 7.73% |
| Government Long | 0.33% | -2.13% | 0.51% | 2.61% | 5.73% | 5.56% |
| Corporate | 0.32% | -0.17% | 1.23% | 3.74% | 7.95% | 7.93% |
| Core | 0.22% | -0.21% | 1.40% | 3.36% | 7.25% | 7.36% |
| Core Enhanced | 0.22% | -0.10% | 1.37% | 3.58% | 7.57% | 7.68% |
| Multisector Taxable | 0.21% | 0.19% | 1.30% | 3.51% | 7.07% | 7.13% |
| High Yield | 0.19% | 0.59% | 1.16% | 3.85% | 8.08% | 8.16% |
| Bank Loans | 0.18% | 0.61% | 1.07% | 2.71% | 5.22% | 5.34% |
| International USD | 0.18% | -0.35% | 0.65% | 1.09% | 3.20% | 3.29% |
| Securitized | 0.18% | 0.22% | 1.72% | 3.78% | 7.92% | 8.14% |
| Emerging USD | 0.16% | 0.66% | 2.68% | 7.36% | 12.55% | 12.58% |
| Short-Term | 0.14% | 0.33% | 1.34% | 2.89% | 6.33% | 6.49% |
| Government Intermediate | 0.13% | -0.33% | 1.31% | 2.60% | 7.31% | 7.56% |
| Ultrashort | 0.11% | 0.42% | 1.20% | 2.68% | 5.15% | 5.22% |
| Convertible | 0.10% | 0.82% | 0.18% | 7.87% | 22.76% | 20.10% |
| Inflation Protected | 0.10% | -0.47% | 0.17% | 2.21% | 6.68% | 6.71% |
| Government Short | 0.07% | 0.21% | 1.19% | 2.27% | 5.37% | 5.59% |
| Government Ultrashort | 0.07% | 0.36% | 1.00% | 2.12% | 4.19% | 4.28% |
| Preferred Stock | 0.01% | 0.83% | 0.36% | 4.91% | 6.18% | 6.47% |
Top & Bottom 5 ETFs by Weekly Performance
The single best-performing ETF this week was the DRSK (Aptus Defined Risk ETF), which gained 1.25%. On the other hand, the primary laggards were DADS (Digital Asset Debt Strategy ETF) and BMAX (REX Bitcoin Corporate Treasury Convertible Bond ETF), returning -1.09% and -1.00%, respectively.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| DRSK | Aptus Defined Risk ETF | 1.25% |
| GAEM | Simplify Gamma Emerging Market Bond ETF | 1.03% |
| WIP | SPDR FTSE International Government Inflation-Protected Bond ETF | 0.97% |
| PICB | Invesco International Corporate Bond ETF | 0.97% |
| IGOV | iShares International Treasury Bond ETF | 0.95% |
| Bottom Performers | ||
| DADS | Digital Asset Debt Strategy ETF | -1.09% |
| BMAX | REX Bitcoin Corporate Treasury Convertible Bond ETF | -1.00% |
| PFFR | InfraCap REIT Preferred ETF | -0.43% |
| PFFA | Virtus InfraCap U.S. Preferred Stock ETF | -0.40% |
| PGX | Invesco Preferred ETF | -0.22% |
Analyzing the Weekly Flows
Total net flow for the channel reached $8.66 billion this week. The Multi-Sector segment led the charge with $6.09 billion in new capital, while the Investment Grade credit type saw the highest conviction with $7.21 billion in weekly inflows. Intermediate duration continues to be the preferred implementation strategy, gathering $4.47 billion. The Corporate segment was the notable laggard, experiencing significant outflows of $1.35 billion over the five-day period.
Flows by Segment
| Segment | Fund Count | AUM | 5 Day Flow | 30 Day Flow | YTD Flow |
|---|---|---|---|---|---|
| FI: Multi-Sector | 272 | $836.2B | $6,087M | $20,273M | $182,892M |
| FI: Government | 116 | $615.3B | $3,524M | $5,850M | $118,798M |
| FI: Securitized | 37 | $101.4B | $196M | $1,260M | $17,892M |
| FI: Bank Loans | 36 | $57.2B | $127M | -$249M | $11,477M |
| FI: Preferred Stock | 24 | $39.9B | $70M | $270M | $2,062M |
| FI: Cat Bonds | 1 | $0.0B | $1M | $6M | $30M |
| FI: Corporate | 164 | $372.8B | -$1,347M | $3,362M | $44,135M |
Flows by Credit Type
| Credit Type | Fund Count | AUM | 5 Day Flow | 30 Day Flow | YTD Flow |
|---|---|---|---|---|---|
| Credit: Investment Grade | 336 | $1,618.3B | $7,208M | $17,048M | $285,901M |
| Credit: Blend | 163 | $218.3B | $1,803M | $8,938M | $65,428M |
| Credit: High Yield | 150 | $186.1B | -$353M | $4,780M | $25,852M |
Flows by Duration
| Duration | Fund Count | AUM | 5 Day Flow | 30 Day Flow | YTD Flow |
|---|---|---|---|---|---|
| Duration: Intermediate | 389 | $1,178.4B | $4,466M | $22,818M | $215,551M |
| Duration: Ultrashort | 121 | $381.0B | $2,233M | $4,494M | $106,402M |
| Duration: Long | 56 | $196.5B | $1,177M | $457M | $14,386M |
| Duration: Short | 83 | $266.9B | $782M | $2,998M | $40,842M |
Top & Bottom 5 ETFs by 5-Day Flow
Leading the channel for inflows was SGOV (iShares 0-3 Month Treasury Bond ETF), which attracted $1,264 million in new money. Conversely, the largest outflows were seen in the HYG (iShares iBoxx $ High Yield Corporate Bond ETF) and LQD (iShares iBoxx $ Investment Grade Corporate Bond ETF), losing $851 million and $661 million respectively.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| SGOV | iShares 0-3 Month Treasury Bond ETF | $1,264M |
| BNDX | Vanguard Total International Bond ETF | $939M |
| TLT | iShares 20+ Year Treasury Bond ETF | $917M |
| AGG | iShares Core U.S. Aggregate Bond ETF | $799M |
| BND | Vanguard Total Bond Market ETF | $711M |
| Outflows | ||
| HYG | iShares iBoxx $ High Yield Corporate Bond ETF | -$851M |
| LQD | iShares iBoxx $ Investment Grade Corporate Bond ETF | -$661M |
| VCSH | Vanguard Short-Term Corporate Bond ETF | -$222M |
| BIL | State Street SPDR Bloomberg 1-3 Month T-Bill ETF | -$108M |
| TIP | iShares TIPS Bond ETF | -$99M |
Issuer League Table Update
iShares and Vanguard continue to dominate the taxable fixed income landscape, commanding 38.02% and 26.62% of market share respectively. iShares was the top gatherer of new capital this week with $2.75 billion in net inflows. Among laggards, BNY Mellon saw the largest weekly outflow at -$14 million, highlighting a generally positive flow environment for the channel’s top brands.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| iShares | 84 | $769.12B | 38.02% |
| Vanguard | 30 | $538.51B | 26.62% |
| SPDR | 39 | $163.07B | 8.06% |
| JPMorgan | 19 | $75.25B | 3.72% |
| Schwab | 12 | $69.12B | 3.42% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| iShares | $2,750M |
| Vanguard | $2,679M |
| PGIM | $375M |
| Outflows | |
| BNY Mellon | -$14M |
| AAM | -$9.2M |
| Thornburg | -$4M |
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.
