Weekly Channel Summary
The Specialty Fixed Income channel encompasses 165 ETFs from 13 issuers, with total assets under management of $74.39 billion. The channel attracted $215 million in net inflows over the past week. Year-to-date net flows now stand at a robust $11.25 billion, with the one-year total reaching $20.15 billion.
This Week’s Performance Leaders and Laggards
Interest Rate Volatility was the only category to post positive returns this week, gaining 0.67%. In contrast, the Maturing Ladder category was the weakest performer, declining by 0.90% for the week. The channel’s largest category, Defined Maturity, also finished in the red with a weekly loss of 0.47%, though it remains positive on a year-to-date basis.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Specialty – Interest Rate Volatility | 0.67% | -0.24% | 2.80% | 2.77% | 2.38% | 3.81% |
| Specialty – Defined Maturity | -0.47% | -0.47% | -0.29% | 0.24% | 0.61% | 1.64% |
| Specialty – Maturing Ladder | -0.90% | -1.19% | -1.72% | -1.63% | -0.93% | -1.00% |
Top & Bottom 5 ETFs by Weekly Performance
The Simplify Interest Rate Hedge ETF (PFIX) was the standout performer, surging 4.61% as interest rate volatility strategies delivered gains. This performance contrasted sharply with the KraneShares Quadratic Interest Rate Volatility and Inflation Hedge ETF (IVOL), which was the week’s worst performer with a loss of 1.85%. Several inflation-protected longevity income ETFs also appeared among the bottom performers for the week.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| PFIX | Simplify Interest Rate Hedge ETF | 4.61% |
| RFIX | Simplify Bond Bull ETF | 2.39% |
| BNDD | Quadratic Deflation ETF | 0.34% |
| RISR | FolioBeyond Alternative Income and Interest Rate Hedge ETF | 0.27% |
| CPII | American Beacon Ionic Inflation Protection ETF | 0.16% |
| Bottom Performers | ||
| IVOL | KraneShares Quadratic Interest Rate Volatility and Inflation Hedge ETF | -1.85% |
| LIAM | LifeX 2055 Inflation-Protected Longevity Income ETF | -1.69% |
| LIAU | LifeX 2060 Inflation-Protected Longevity Income ETF | -1.68% |
| LIBD | LifeX 2065 Inflation-Protected Longevity Income ETF | -1.68% |
| IBGA | iShares iBonds Dec 2044 Term Treasury ETF | -1.67% |
Analyzing the Weekly Flows
The Specialty Fixed Income channel saw net inflows of $215 million, almost entirely driven by the Defined Maturity category which collected $211 million. Within this space, Corporate bond ETFs were the most popular segment, attracting $170 million in new assets. A notable trend emerged in duration, as investors pulled $98 million from funds maturing in 2026 while allocating fresh capital to longer-dated funds maturing between 2029 and 2033.
Flows by Category
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Specialty – Defined Maturity | 129 | $73.34B | $211M | $1,177M | $3,400M | $11,293M | $20,224M |
| Specialty – Interest Rate Volatility | 8 | $883M | $7M | $5M | -$29M | -$61M | -$5M |
| Specialty – Maturing Ladder | 28 | $174M | -$3M | -$8M | -$16M | $18M | -$65M |
Flows by Segment
| Segment | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Corporate | 64 | $55.59B | $170M | $625M | $1,967M | $7,489M | $14,048M |
| Municipal | 34 | $5.28B | $27M | $120M | $292M | $983M | $1,651M |
| Government | 67 | $13.52B | $18M | $427M | $1,095M | $2,778M | $4,456M |
Flows by Duration
| Duration | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Duration: 2026 | 10 | $11.05B | -$98M | -$609M | -$1,476M | -$2,598M | -$1,574M |
| Duration: 2027 | 13 | $13.63B | $23M | $266M | $532M | $1,632M | $2,775M |
| Duration: 2028 | 14 | $13.07B | $42M | $436M | $1,074M | $3,130M | $4,650M |
| Duration: 2029 | 13 | $10.42B | $67M | $55M | $626M | $2,118M | $3,583M |
| Duration: 2030 | 17 | $8.53B | $53M | $215M | $828M | $2,165M | $3,624M |
| Duration: 2031 | 15 | $5.83B | $60M | $230M | $709M | $1,568M | $2,275M |
| Duration: 2032 | 11 | $4.28B | $12M | $133M | $355M | $953M | $1,555M |
| Duration: 2033 | 11 | $2.97B | $31M | $181M | $225M | $678M | $1,041M |
| Duration: 2034 | 10 | $2.03B | $5M | $86M | $146M | $679M | $1,047M |
| Duration: 2035 | 13 | $1.20B | $16M | $129M | $204M | $708M | $873M |
| Duration: 2036 | 7 | $222M | $9M | $60M | $116M | $200M | $200M |
| Duration: 2044 | 1 | $105M | -$29M | -$26M | -$21M | -$5M | $8M |
| Duration: 2045 | 3 | $23M | $0M | $3M | $2M | $3M | $4M |
| Duration: 2046 | 3 | $57M | $15M | $18M | $37M | $45M | $45M |
| Duration: 2050 | 2 | $8M | $0M | $0M | $0M | $0M | $4M |
| Duration: 2054 | 1 | $6M | $0M | $0M | $1M | $2M | $4M |
| Duration: 2055 | 5 | $18M | -$2M | -$6M | -$11M | -$6M | -$2M |
| Duration: 2056 | 3 | $54M | $2M | $4M | $39M | $42M | $42M |
| Duration: 2060 | 2 | $4M | $0M | -$4M | -$3M | -$2M | $1M |
| Duration: 2065 | 2 | $5M | $0M | -$2M | -$2M | -$2M | $5M |
| Duration: Long | 1 | $1M | -$0M | -$0M | -$0M | $0M | $0M |
Top & Bottom 5 ETFs by 5-Day Flow
The Invesco BulletShares 2033 Corporate Bond ETF (BSCX) led all funds with $43 million in weekly net inflows, aligning with the trend of investors favoring longer-dated defined maturity products. Conversely, funds with near-term maturities saw the largest redemptions. The Invesco BulletShares 2026 Corporate Bond ETF (BSCQ) and the iShares iBonds Dec 2026 Term Corporate ETF (IBDR) experienced the largest outflows, shedding $35 million and $34 million, respectively.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| BSCX | Invesco BulletShares 2033 Corporate Bond ETF | $43M |
| IBDW | iShares iBonds Dec 2031 Term Corporate ETF | $29M |
| BSCU | Invesco BulletShares 2030 Corporate Bond ETF | $27M |
| BSCT | Invesco BulletShares 2029 Corporate Bond ETF | $19M |
| IBDU | iShares iBonds Dec 2029 Term Corporate ETF | $17M |
| Outflows | ||
| BSCQ | Invesco BulletShares 2026 Corporate Bond ETF | -$35M |
| IBDR | iShares iBonds Dec 2026 Term Corporate ETF | -$34M |
| IBGA | iShares iBonds Dec 2044 Term Treasury ETF | -$29M |
| IBTO | iShares iBonds Dec 2033 Term Treasury ETF | -$25M |
| IBTG | iShares iBonds Dec 2026 Term Treasury ETF | -$15M |
Issuer League Table Update
The Specialty Fixed Income channel remains dominated by iShares and Invesco, which command 58.28% and 38.14% of the market share, respectively. This week, Invesco led all issuers by attracting $123 million in net new assets, while iShares also saw positive net flows of $84 million. On the other end of the spectrum, Quadratic experienced the largest net outflows for the week, totaling $4 million.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| iShares | 57 | $43.36B | 58.28% |
| Invesco | 35 | $28.37B | 38.14% |
| State Street | 21 | $1.17B | 1.58% |
| Vanguard | 10 | $426M | 0.57% |
| FolioBeyond | 1 | $351M | 0.47% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| Invesco | $123M |
| iShares | $84M |
| FolioBeyond | $10M |
| Outflows | |
| Quadratic | -$4M |
| Northern Trust | -$3M |
| 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.
