Weekly Channel Summary
The Synthetic Income ETF Channel holds a robust $198,944M in Total AUM, spread across 399 ETFs and managed by 71 distinct issuers. Over the past five days, the channel maintained steady momentum with $508M in positive net flows. This pushes the Year-to-Date flows to an impressive $35,554M, while the 1-Year trailing flow figure stands at a staggering $73,668M.
This Week’s Performance Leaders and Laggards
Performance across the channel showed a sharp divergence this week, with semiconductor and digital asset strategies capturing the highest upside while thematic space and oil-enhanced income strategies fell behind.
Top & Bottom 5 ETFs by Weekly Performance
The single best-performing fund for the week was the YieldMax Target 12 Semiconductor Option Income ETF (SOXY), which surged 9.50%. On the opposite end of the spectrum, the worst performer was the Tuttle Capital Space Industry Income Blast ETF (SPCI) with a decline of -8.01%, followed closely by the REX IncomeMax Option Strategy ETF (ULTI), which dropped -6.15%.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| SOXY | YieldMax Target 12 Semiconductor Option Income ETF | 9.50% |
| CHPY | YieldMax Semiconductor Portfolio Option Income ETF | 9.27% |
| XBCI | NEOS Boosted Bitcoin High Income ETF | 8.41% |
| EHY | Amplify Ethereum Max Income Covered Call ETF | 7.43% |
| BLOX | Nicholas Crypto Income ETF | 7.28% |
| Bottom Performers | ||
| SPCI | Tuttle Capital Space Industry Income Blast ETF | -8.01% |
| ULTI | REX IncomeMax Option Strategy ETF | -6.15% |
| USOY | Defiance Oil Enhanced Options Income ETF | -4.75% |
| YGLD | Simplify Gold Strategy PLUS Income ETF | -4.17% |
| MAGO | Tuttle Capital Magnificent 7 Income Blast ETF | -3.04% |
Analyzing the Weekly Flows
The overall channel experienced a positive total net flow of $508M this week. The Synthetic Income – Equity category absorbed the vast majority of this capital, taking in $372M to supplement its large $181,421M asset base. Additionally, the Synthetic Income – Single Stock category saw significant inflows amounting to $61M. Remarkably, no composite categories within the channel experienced net outflows this week, underscoring broad resilience.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Synthetic Income – Equity | 219 | $181,421M | $372M | $5,795M | $17,674M | $32,442M | $59,860M |
| Synthetic Income – Commodity | 15 | $2,234M | $61M | $195M | $383M | $860M | $1,574M |
| Synthetic Income – Single Stock | 107 | $7,716M | $61M | $576M | $1,078M | $276M | $7,593M |
| Synthetic Income – Fixed Income | 25 | $5,577M | $6M | $125M | $638M | $1,003M | $2,180M |
| Synthetic Income – Crypto | 24 | $1,557M | $5M | $147M | $478M | $750M | $2,212M |
| Synthetic Income – Multi-Asset | 6 | $440M | $3M | $2M | $51M | $223M | $251M |
Top & Bottom 5 ETFs by 5-Day Flow
The clear winner for weekly allocations was the NEOS Nasdaq 100 High Income ETF (QQQI), pulling in $187M in fresh capital. Conversely, the top two outflows both belonged to JPMorgan’s flagship offerings, with the JPMorgan Equity Premium Income ETF (JEPI) leading the way down via -$357M in net redemptions, followed by the JPMorgan NASDAQ Equity Premium Income ETF (JEPQ) which lost -$125M.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| QQQI | NEOS Nasdaq 100 High Income ETF | $187M |
| GPIX | Goldman Sachs S&P 500 Premium Income ETF | $107M |
| SPYI | NEOS S&P 500 High Income ETF | $76M |
| ACYN | FT Vest Laddered Autocallable Barrier & Income ETF | $67M |
| GPIQ | Goldman Sachs Nasdaq-100 Premium Income ETF | $40M |
| Outflows | ||
| JEPI | JPMorgan Equity Premium Income ETF | -$357M |
| JEPQ | JPMorgan NASDAQ Equity Premium Income ETF | -$125M |
| QYLD | Global X NASDAQ 100 Covered Call ETF | -$27M |
| TLTW | iShares 20+ Year Treasury Bond BuyWrite Strategy ETF | -$23M |
| NBOS | Neuberger Option Strategy ETF | -$17M |
Issuer League Table Update
JPMorgan remains the dominant force in the Synthetic Income space, controlling 41.39% of the channel’s AUM, followed distantly by Neos with a 14.24% market share. Looking at short-term capital momentum, Neos proved to be the most effective asset gatherer this week, leading all brands with $336M in net inflows. In contrast, among the top 5 issuers by AUM, JPMorgan saw the largest volume of weekly outflows, shedding -$466M over the five-day period.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| JPMorgan | 5 | $82.34B | 41.39% |
| Neos | 18 | $28.32B | 14.24% |
| Global X | 17 | $13.13B | 6.60% |
| YieldMax | 63 | $9.71B | 4.88% |
| Amplify | 16 | $9.18B | 4.62% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| Neos | $336M |
| Goldman Sachs | $147M |
| First Trust | $113M |
| Outflows | |
| JPMorgan | -$466M |
| Global X | -$30M |
| Neuberger Berman | -$17M |
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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.
