Weekly Channel Summary
The Synthetic Income ETF channel continues to expand, now encompassing a total AUM of $198.08 billion across 380 distinct ETFs from 70 issuers. Investor interest remains robust, evidenced by a 5-Day Flow of $1.21B, pushing the Year-To-Date (YTD) Flow to $29.08B and the 1-Year Flow to a massive $72.99B.
This Week’s Performance Leaders and Laggards
Performance across the Synthetic Income landscape highlighted distinct winners in niche equity themes and significant headwinds for precious metals and specialized sector strategies.
Top & Bottom 5 ETFs by Weekly Performance
The standout performer for the week was the Tuttle Capital Space Industry Income Blast ETF (SPCI), which surged 10.75%. Conversely, the deepest pullbacks were felt by the Roundhill Gold Miners WeeklyPay ETF (GDXW) and the Nicholas Nuclear Income ETF (NUKX), which posted WTD returns of -9.29% and -8.51%, respectively.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| SPCI | Tuttle Capital Space Industry Income Blast ETF | 10.75% |
| USOY | Defiance Oil Enhanced Options Income ETF | 7.36% |
| WEEI | Westwood Salient Enhanced Energy Income ETF | 5.96% |
| MEMY | Tuttle Capital Meme Stock Income Blast ETF | 5.33% |
| XLEI | State Street Energy Select Sector SPDR Premium Income ETF | 5.25% |
| Bottom Performers | ||
| GDXW | Roundhill Gold Miners WeeklyPay ETF | -9.29% |
| NUKX | Nicholas Nuclear Income ETF | -8.51% |
| GLDN | Nicholas Gold Income ETF | -6.87% |
| GDXY | YieldMax Gold Miners Option Income Strategy ETF | -6.41% |
| KSLV | Kurv Silver Enhanced Income ETF | -5.66% |
Analyzing the Weekly Flows
Net flows for the channel brought in roughly $1.2 billion this past week. The Synthetic Income – Equity category absorbed the vast majority of this capital, securing $1,008M in weekly inflows to bring its AUM up to $179.33 billion. Synthetic Income – Single Stock also saw notable traction with $74M added. The only category to experience net redemptions was Synthetic Income – Multi-Asset, which lost -$2M.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Synthetic Income – Equity | 196 | $179,330M | $1,008M | $6,443M | $17,411M | $26,834M | $57,486M |
| Synthetic Income – Single Stock | 106 | $8,531M | $74M | $324M | $505M | -$218M | $9,362M |
| Synthetic Income – Crypto | 23 | $1,921M | $58M | $224M | $435M | $624M | $2,227M |
| Synthetic Income – Fixed Income | 23 | $5,481M | $34M | $349M | $677M | $894M | $2,197M |
| Synthetic Income – Commodity | 15 | $2,383M | $27M | $140M | $408M | $690M | $1,436M |
| Synthetic Income – Multi-Asset | 5 | $435M | -$2M | $6M | $54M | $216M | $243M |
Top & Bottom 5 ETFs by 5-Day Flow
At the fund level, the NEOS Nasdaq 100 High Income ETF (QQQI) led the pack with massive inflows of $300M. On the other hand, heavy redemptions hit the JPMorgan Equity Premium Income ETF (JEPI) and the iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (TLTW), which saw outflows of -$282M and -$29M, respectively.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| QQQI | NEOS Nasdaq 100 High Income ETF | $300M |
| SPYI | NEOS S&P 500 High Income ETF | $188M |
| GPIQ | Goldman Sachs Nasdaq-100 Premium Income ETF | $125M |
| GPIX | Goldman Sachs S&P 500 Premium Income ETF | $93M |
| ACYN | FT Vest Laddered Autocallable Barrier & Income ETF | $70M |
| Outflows | ||
| JEPI | JPMorgan Equity Premium Income ETF | -$282M |
| TLTW | iShares 20+ Year Treasury Bond BuyWrite Strategy ETF | -$29M |
| ISPY | ProShares S&P 500 High Income ETF | -$24M |
| TSPY | TappAlpha S&P 500 Growth & Daily Income ETF | -$12M |
| KNG | FT Vest S&P 500 Dividend Aristocrats Target Income ETF | -$7M |
Issuer League Table Update
JPMorgan remains the dominant issuer in the Synthetic Income space, capturing a commanding 41.98% of the AUM market share, followed by Neos at 14.05%. In terms of recent asset gathering, Neos led all issuers this week by bringing in $657M in net flows. Conversely, the top-tier incumbent JPMorgan experienced the largest outflows of any issuer, shedding -$188M over the past five days.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| JPMorgan | 5 | $83.18B | 41.98% |
| Neos | 18 | $27.84B | 14.05% |
| Global X | 17 | $13.40B | 6.76% |
| YieldMax | 62 | $10.15B | 5.13% |
| Amplify | 16 | $9.08B | 4.58% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| Neos | $657M |
| Goldman Sachs | $218M |
| YieldMax | $110M |
| Outflows | |
| JPMorgan | -$188M |
| iShares | -$30M |
| ProShares | -$16M |
For a deeper dive into these trends, access our FREE, in-depth 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.
