Weekly Channel Summary
The FI: Specialty ETF channel finished the week with Total AUM of $70.8B across 150 ETFs and 14 issuers. In terms of net new money, the channel saw steady positive activity, bringing in $287M in 5-Day flows. This recent momentum pushes the Year-to-Date (YTD) flows to $7.00B and the 1-Year flows to an impressive $21.73B.
This Week’s Performance Leaders and Laggards
Performance across the specialty fixed income landscape was mixed this week. The single best-performing category was “Fixed Income: Specialty – Maturing Ladder,” posting a Week-to-Date (WTD) return of 0.26%, though it remains negative YTD at -0.28%. On the other end of the spectrum, the “Fixed Income: Specialty – Interest Rate Volatility” category lagged the group with a WTD return of -0.28%, despite holding a solid YTD gain of 1.75%.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Fixed Income: Specialty – Maturing Ladder | 0.26% | -0.94% | -1.80% | -0.69% | -0.28% | 4.26% |
| Fixed Income: Specialty – Defined Maturity | 0.17% | -0.60% | -0.79% | 0.78% | 0.36% | 5.31% |
| Fixed Income: Specialty – Interest Rate Volatility | -0.28% | 0.94% | 1.45% | 0.17% | 1.75% | -2.59% |
Top & Bottom 5 ETFs by Weekly Performance
Digging into individual funds, the single best-performing ETF this week was the Simplify Bond Bull ETF (RFIX), surging 1.45%. Conversely, the two worst-performing ETFs for the week were the Simplify Interest Rate Hedge ETF (PFIX), down -2.32%, and the KraneShares Quadratic Interest Rate Volatility and Inflation Hedge ETF (IVOL), which dropped -0.89%.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| RFIX | Simplify Bond Bull ETF | 1.45% |
| BNDD | Quadratic Deflation ETF | 1.37% |
| IBGM | iShares iBonds Dec 2056 Term Treasury ETF | 1.14% |
| IBGL | iShares iBonds Dec 2055 Term Treasury ETF | 1.11% |
| IBGK | iShares iBonds Dec 2054 Term Treasury ETF | 1.09% |
| Bottom Performers | ||
| PFIX | Simplify Interest Rate Hedge ETF | -2.32% |
| IVOL | KraneShares Quadratic Interest Rate Volatility and Inflation Hedge ETF | -0.89% |
| IRVH | Global X Interest Rate Volatility & Inflation Hedge ETF | -0.71% |
| CPII | American Beacon Ionic Inflation Protection ETF | -0.62% |
| IBIH | iShares iBonds Oct 2031 Term TIPS ETF | -0.52% |
Analyzing the Weekly Flows
The channel drew a total net flow of $287M this week. The “Specialty – Defined Maturity” category received the vast majority of these inflows, taking in $266M to build upon its massive $69.7B AUM. Unlike previous weeks, no categories posted net outflows; however, “Fixed Income: Specialty – Maturing Ladder” saw the most muted activity, capturing a modest $8M in net new money.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Specialty Defined Maturity | 122 | $69.7B | $266M | $1,385M | $3,264M | $7,040M | $21,749M |
| Specialty – Interest Rate Volatility | 8 | $0.9B | $13M | $17M | -$60M | -$68M | $150M |
| Fixed Income: Specialty – Maturing Ladder | 20 | $0.1B | $8M | $14M | $26M | $26M | -$167M |
Top & Bottom 5 ETFs by 5-Day Flow
At the fund level, the top ETF for inflows was the iShares iBonds Dec 2030 Term Corporate ETF (IBDV), attracting $33M. On the outflow side, the heaviest redemptions were seen in the Invesco BulletShares 2026 Corporate Bond ETF (BSCQ) and the iShares iBonds Dec 2026 Term Corporate ETF (IBDR), shedding -$29M and -$28M, respectively.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| IBDV | iShares iBonds Dec 2030 Term Corporate ETF | $33M |
| MYCH | State Street My2028 Corporate Bond ETF | $27M |
| IBDT | iShares iBonds Dec 2028 Term Corporate ETF | $23M |
| IBDU | iShares iBonds Dec 2029 Term Corporate ETF | $18M |
| RISR | FolioBeyond Alternative Income and Interest Rate Hedge ETF | $17M |
| Outflows | ||
| BSCQ | Invesco BulletShares 2026 Corporate Bond ETF | -$29M |
| IBDR | iShares iBonds Dec 2026 Term Corporate ETF | -$28M |
| IBHF | iShares iBonds 2026 Term High Yield and Income ETF | -$18M |
| IBDS | iShares iBonds Dec 2027 Term Corporate ETF | -$7M |
| BSJQ | Invesco BulletShares 2026 High Yield Corp Bond ETF | -$7M |
Issuer League Table Update
The top two issuers continue to dominate market share, with iShares holding 57.96% and Invesco securing 39.04%. iShares was also the clear leader in gathering assets this week, bringing in $173M in new flows. Quadratic experienced the largest (and only negative) weekly outflows among the issuers, shedding -$7M.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| iShares | 57 | $41.03B | 57.96% |
| Invesco | 28 | $27.64B | 39.04% |
| State Street | 21 | $0.83B | 1.18% |
| Quadratic | 1 | $0.32B | 0.46% |
| Simplify | 2 | $0.28B | 0.39% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| iShares | $173M |
| Invesco | $60M |
| State Street | $30M |
| Outflows | |
| Quadratic | -$7M |
| KraneShares | $0M |
| American Beacon | $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.
