Weekly Channel Summary
The Synthetic Income channel closed the week with $229.34B in total AUM spread across 436 ETFs from 81 issuers. Net flows were positive at $1,942M for the five-day period, extending a robust $62,873M year-to-date gain and a $77,562M inflow over the trailing year. The channel continues to attract steady capital, with weekly inflows representing a small but consistent addition to an already large asset base.
This Week’s Performance Leaders and Laggards
Single Stock led category performance on the week with a 0.21% gain, followed closely by Crypto at 0.09%, while Equity posted a modest 0.02% advance. On the downside, Commodity was the weakest performer at -3.28%, with Fixed Income also negative at -0.67% and Multi-Asset off 0.41%. Year-to-date, Single Stock remains the standout with a 30.43% return, contrasting sharply with Crypto’s -7.29% YTD decline despite its positive week. Among individual funds, HAKY topped the list with a 5.95% weekly gain, while silver and gold miner-linked income funds such as XRPM and SLVX trailed the field with losses exceeding 7%.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Single Stock | 0.21% | 10.87% | 21.68% | 38.24% | 30.43% | 24.59% |
| Crypto | 0.09% | 9.29% | 31.89% | 19.10% | -7.29% | -29.67% |
| Equity | 0.02% | 1.33% | 3.30% | 12.53% | 11.69% | 15.19% |
| Multi-Asset | -0.41% | -0.48% | 0.19% | 7.20% | 6.09% | 12.47% |
| Equity: Thematic – Midstream & MLPs | -0.50% | — | — | — | — | — |
| Fixed Income | -0.67% | -1.57% | -2.22% | -1.16% | 0.07% | 1.02% |
| Commodity | -3.28% | -4.30% | 3.89% | -6.30% | 2.85% | 13.42% |
Top & Bottom 5 ETFs by Weekly Performance
Semiconductor-linked option income strategies dominated the top of the leaderboard, with SOXY up 3.02% and CHPY gaining 2.51%, alongside TDVI and SEMY both posting gains above 2%. At the other end, precious metals income funds struggled broadly, with GDXW and KSLV both declining more than 6.5%. This divergence reflects the strength in technology and semiconductor underlying exposures this week versus weakness in silver and gold miner-linked strategies. The spread between the top and bottom performers exceeded 13 percentage points, highlighting significant dispersion within the channel.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| HAKY | Amplify HACK Cybersecurity Covered Call ETF | 5.95% |
| SOXY | YieldMax Target 12 Semiconductor Option Income ETF | 3.02% |
| CHPY | YieldMax Semiconductor Portfolio Option Income ETF | 2.51% |
| TDVI | FT Vest Technology Dividend Target Income ETF | 2.23% |
| SEMY | GraniteShares YieldBOOST Semiconductor ETF | 2.03% |
| Bottom Performers | ||
| XRPM | Amplify XRP 3% Monthly Premium Income ETF | -7.45% |
| SLVX | Nicholas Silver Income ETF | -7.22% |
| GDXW | Roundhill Gold Miners WeeklyPay ETF | -7.01% |
| KSLV | Kurv Silver Enhanced Income ETF | -6.50% |
| SLJY | Amplify SILJ Junior Silver Miners Covered Call ETF | -6.29% |
Analyzing the Weekly Flows
The Synthetic Income channel attracted $1,942M in net inflows over the five-day period, led overwhelmingly by the Equity category, which pulled in $1,656M and accounts for the vast majority of channel AUM at $209.57B. Single Stock, Commodity, Fixed Income, and Crypto categories each added smaller but still positive flows ranging from roughly $33M to $107M. No category posted net outflows for the week, though the newly tracked Equity: Thematic – Midstream & MLPs segment saw a modest $26M inflow despite its tiny $36M asset base. Year-to-date, Equity has driven the bulk of the channel’s $57,045M inflow total, underscoring its dominant role in overall channel growth.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Equity | 243 | $209.57B | $1,656M | $6,567M | $20,891M | $57,045M | $67,595M |
| Single Stock | 122 | $8.13B | $107M | $330M | $701M | $1,076M | $3,698M |
| Commodity | 17 | $2.64B | $69M | $212M | $537M | $1,496M | $1,902M |
| Fixed Income | 25 | $6.19B | $49M | $194M | $730M | $1,832M | $2,472M |
| Crypto | 22 | $2.27B | $33M | $112M | $258M | $1,101M | $1,564M |
| Equity: Thematic – Midstream & MLPs | 1 | $36M | $26M | $36M | $36M | $36M | $36M |
| Multi-Asset | 6 | $500M | $1M | $13M | $59M | $287M | $296M |
Top & Bottom 5 ETFs by 5-Day Flow
JEPQ was the clear standout on inflows, gathering $676M for the week, more than triple the next closest fund. GPIQ and GPIX followed with $170M and $128M respectively, reflecting continued demand for Goldman Sachs’ premium income products. On the outflow side, QQQI led redemptions at -$53M, followed by MLPI and TLTW, each shedding $22M. These outflows remained modest relative to the scale of inflows at the top of the fund list.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| JEPQ | JPMorgan NASDAQ Equity Premium Income ETF | $676M |
| GPIQ | Goldman Sachs Nasdaq-100 Premium Income ETF | $170M |
| GPIX | Goldman Sachs S&P 500 Premium Income ETF | $128M |
| ACYN | FT Vest Laddered Autocallable Barrier & Income ETF | $95M |
| JEPI | JPMorgan Equity Premium Income ETF | $68M |
| Outflows | ||
| QQQI | NEOS Nasdaq 100 High Income ETF | -$53M |
| MLPI | NEOS MLP & Energy Infrastructure High Income ETF | -$22M |
| TLTW | iShares 20+ Year Treasury Bond BuyWrite Strategy ETF | -$22M |
| LQTI | FT Vest Investment Grade & Target Income ETF | -$21M |
| ACSP | ProShares S&P 500 Autocallable Income ETF | -$20M |
Issuer League Table Update
JPMorgan remains the dominant issuer in the Synthetic Income channel with 39.71% market share and $91.07B in AUM across just 5 funds, followed by Neos at 15.57% share with $35.71B spread over 18 funds. JPMorgan also led weekly inflows by a wide margin, pulling in $788M, with Goldman Sachs second at $298M and Neos adding $131M. On the outflow side, ProShares saw the largest weekly redemptions at -$22M, followed by Global X at -$16M and Summit Global Investments at -$6M. The concentration of inflows among the largest issuers suggests continued investor preference for established, large-scale income strategies within the channel.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| JPMorgan | 5 | $91.07B | 39.71% |
| Neos | 18 | $35.71B | 15.57% |
| Global X | 17 | $13.78B | 6.01% |
| Goldman Sachs | 2 | $12.24B | 5.34% |
| FT Vest | 28 | $10.15B | 4.43% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| JPMorgan | $788M |
| Goldman Sachs | $298M |
| Neos | $131M |
| Outflows | |
| ProShares | -$22M |
| Global X | -$16M |
| Summit Global Investments | -$6M |
For a deeper dive into these trends, access our FREE, in-depth Synthetic Income 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.
