Weekly Channel Summary
The Fixed Income: Taxable channel oversees $2,259.8B in total assets across 693 ETFs managed by 144 issuers. Flow activity remained solidly positive, bringing in $13.24B over the past week. This adds to a broader trend of steady accumulation, with year-to-date inflows standing at $248.67B and 1-year trailing flows capturing $486.64B.
This Week’s Performance Leaders and Laggards
Government Ultrashort and Ultrashort ETFs led the channel this week, returning 0.05% and 0.02% respectively, while bringing their YTD performances to 1.49% and 1.72%. On the other end of the spectrum, Convertible ETFs were the primary laggard, dropping -2.12% for the week, although they remain the dominant category year-to-date with a robust 19.39% return.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Government Ultrashort | 0.05% | 0.31% | 0.90% | 1.77% | 1.49% | 3.91% |
| Ultrashort | 0.02% | 0.37% | 1.15% | 2.06% | 1.72% | 4.85% |
| Bank Loans | -0.06% | 0.19% | 2.40% | 1.32% | 0.94% | 4.24% |
| Emerging USD | -0.19% | 0.57% | 0.83% | 2.59% | 2.01% | 10.79% |
| Government Short | -0.25% | -0.11% | -0.21% | 0.56% | 0.19% | 3.16% |
| Short-Term | -0.27% | 0.01% | 0.05% | 1.06% | 0.65% | 4.31% |
| Emerging | -0.32% | 0.50% | 0.75% | 2.78% | 1.77% | 9.48% |
| International USD | -0.34% | 0.61% | 0.08% | 0.98% | 0.89% | 2.56% |
| High Yield | -0.38% | 0.13% | 0.87% | 1.86% | 1.44% | 6.58% |
| Securitized | -0.41% | -0.07% | -0.39% | 1.15% | 0.69% | 5.71% |
| Inflation Protected | -0.42% | -0.25% | 0.30% | 1.25% | 1.36% | 4.49% |
| Preferred Stock | -0.43% | -0.19% | 0.32% | 1.97% | 1.43% | 7.35% |
| Multisector Taxable | -0.47% | 0.01% | -0.01% | 1.08% | 0.72% | 5.37% |
| Core Enhanced | -0.53% | -0.15% | -0.76% | 0.46% | 0.19% | 4.89% |
| Core | -0.56% | -0.19% | -0.95% | 0.19% | -0.04% | 4.44% |
| Government Long | -0.56% | -0.23% | -3.18% | -1.64% | -1.26% | 2.67% |
| Corporate | -0.59% | 0.02% | -0.46% | 0.36% | 0.23% | 5.17% |
| Government Intermediate | -0.59% | -0.52% | -1.57% | -0.69% | -0.94% | 2.73% |
| Long-Term | -0.69% | 0.21% | -1.25% | -0.29% | -0.08% | 5.86% |
| International | -1.28% | -0.77% | -0.56% | 0.14% | -0.45% | 1.79% |
| Convertible | -2.12% | 1.50% | 13.54% | 18.25% | 19.39% | 37.13% |
Top & Bottom 5 ETFs by Weekly Performance
Among individual funds, the Chesapeake Trend-Following Fixed Income ETF (TFFI) delivered the strongest weekly return at 1.23%. Conversely, the Digital Asset Debt Strategy ETF (DADS) and the Calamos Convertible Equity Alternative ETF (CVRT) experienced the sharpest declines, returning -4.23% and -2.98% respectively.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| TFFI | Chesapeake Trend-Following Fixed Income ETF | 1.23% |
| MBSF | Regan Floating Rate MBS ETF | 0.39% |
| GAEM | Simplify Gamma Emerging Market Bond ETF | 0.27% |
| PCPI | PIMCO Inflation PLUS Active ETF | 0.22% |
| BCLO | iShares BBB-B CLO Active ETF | 0.17% |
| Bottom Performers | ||
| DADS | Digital Asset Debt Strategy ETF | -4.23% |
| CVRT | Calamos Convertible Equity Alternative ETF | -2.98% |
| FCVT | First Trust SSI Strategic Convertible Securities ETF | -2.88% |
| ICVT | iShares Convertible Bond ETF | -2.38% |
| PAB | PGIM Active Aggregate Bond ETF | -2.31% |
Analyzing the Weekly Flows
The channel experienced robust net inflows of $13.24B over the past five days. Multi-Sector strategies captured the highest Segment flows, while Investment Grade credit and Intermediate duration categories significantly dominated their respective profiles. Long duration funds were the notable exception, recording large net outflows totaling -$2,509M for the week.
Flows by Segment
| Segment | Fund Count | AUM | 5 Day Flow | 30 Day Flow | 90 Day Flow | YTD Flow | 1 Year Flow |
|---|---|---|---|---|---|---|---|
| FI: Multi-Sector | 293 | $941.5B | $5,016M | $28,348M | $54,152M | $109,206M | $227,558M |
| FI: Government | 123 | $706.0B | $4,085M | $16,527M | $48,754M | $95,124M | $159,582M |
| FI: Corporate | 155 | $398.3B | $2,929M | $8,074M | $13,331M | $28,617M | $63,189M |
| FI: Bank Loans | 45 | $66.2B | $812M | $2,872M | $6,126M | $8,870M | $16,287M |
| FI: Securitized | 42 | $106.4B | $264M | $1,712M | $3,162M | $5,331M | $16,516M |
| FI: Preferred Stock | 27 | $41.3B | $106M | $848M | $856M | $1,411M | $3,379M |
| FI: Cat Bonds | 1 | $0.1B | $0M | -$1M | $31M | $43M | $69M |
Flows by Credit Type
| Credit Type | Fund Count | AUM | 5 Day Flow | 30 Day Flow | 90 Day Flow | YTD Flow | 1 Year Flow |
|---|---|---|---|---|---|---|---|
| Credit: Investment Grade | 359 | $1,809.6B | $7,864M | $41,987M | $102,572M | $201,582M | $371,287M |
| Credit: Blend | 178 | $259.3B | $3,781M | $11,308M | $18,483M | $41,272M | $88,538M |
| Credit: High Yield | 147 | $190.7B | $1,564M | $5,031M | $5,279M | $5,655M | $26,553M |
| Specialty: Interest Rate Volatility | 1 | $0.1B | $0M | $34M | $36M | $36M | $36M |
Flows by Duration
| Duration | Fund Count | AUM | 5 Day Flow | 30 Day Flow | 90 Day Flow | YTD Flow | 1 Year Flow |
|---|---|---|---|---|---|---|---|
| Duration: Intermediate | 403 | $1,296.6B | $8,985M | $34,067M | $60,516M | $127,331M | $278,649M |
| Duration: Ultrashort | 139 | $472.8B | $4,545M | $18,146M | $48,925M | $91,050M | $140,923M |
| Duration: Short | 85 | $299.5B | $2,188M | $8,685M | $19,619M | $31,665M | $58,777M |
| Duration: Long | 58 | $190.8B | -$2,509M | -$2,537M | -$2,689M | -$1,499M | $8,065M |
Top & Bottom 5 ETFs by 5-Day Flow
The iShares Global Government Bond USD Hedged Active ETF (GGOV) commanded the largest share of weekly inflows, securing an impressive $2,475M. Meanwhile, the iShares Core International Aggregate Bond ETF (IAGG) and the iShares 20+ Year Treasury Bond ETF (TLT) saw the steepest redemptions, shedding -$2,256M and -$2,036M respectively.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| GGOV | iShares Global Government Bond USD Hedged Active ETF | $2,475M |
| IUSB | iShares Core Total USD Bond Market ETF | $1,978M |
| SGOV | iShares 0-3 Month Treasury Bond ETF | $1,929M |
| GOVT | iShares U.S. Treasury Bond ETF | $906M |
| VCSH | Vanguard Short-Term Corporate Bond ETF | $902M |
| Outflows | ||
| IAGG | iShares Core International Aggregate Bond ETF | -$2,256M |
| TLT | iShares 20+ Year Treasury Bond ETF | -$2,036M |
| IEF | iShares 7-10 Year Treasury Bond ETF | -$915M |
| IQMM | ProShares GENIUS Money Market ETF | -$851M |
| SPIB | State Street SPDR Portfolio Intermediate Term Corporate Bond ETF | -$581M |
Issuer League Table Update
iShares and Vanguard continue to dominate the issuer landscape, securing the top two spots with market shares of 36.44% and 26.41%, respectively. iShares led the pack in weekly capital gathering with $4,369M in net inflows, while ProShares experienced the largest net outflows, losing -$851M over the 5-day period.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| iShares | 88 | $823.45B | 36.44% |
| Vanguard | 30 | $596.87B | 26.41% |
| SPDR | 37 | $171.57B | 7.59% |
| JPMorgan | 19 | $89.41B | 3.96% |
| Schwab | 12 | $76.28B | 3.38% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| iShares | $4,369M |
| Vanguard | $4,029M |
| SPDR | $2,321M |
| Outflows | |
| ProShares | -$851M |
| BondBloxx | -$93M |
| F/m | -$83M |
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.
