Weekly Channel Summary
The Synthetic Income channel begins the year with significant activity, managing $167B in total assets across 327 ETFs and 64 issuers. The channel saw robust inflows this week, netting $1.11B over the past 5 days. On a Year-to-Date (YTD) basis, the channel has gathered $0.25B, building on a strong 1-year flow trend of $70.06B.
This Week’s Performance Leaders and Laggards
The performance landscape this week was divergent, with crypto-linked strategies leading the charge while precious metals-focused funds struggled. Volatility in underlying assets continues to drive significant dispersion in weekly returns across the synthetic income spectrum.
Top & Bottom 5 ETFs by Weekly Performance
The single best-performing ETF this week was the Defiance Leveraged Long Income Ethereum ETF (ETHI), which surged 9.20%. On the downside, the two worst-performing ETFs were the Kurv Silver Enhanced Income ETF (KSLV), dropping -8.78%, and the Simplify Gold Strategy PLUS Income ETF (YGLD), which fell -8.13%.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| ETHI | Defiance Leveraged Long Income Ethereum ETF | 9.20% |
| SOLM | Amplify Solana 3% Monthly Option Income ETF | 6.18% |
| YETH | Roundhill Ether Covered Call Strategy ETF | 5.93% |
| NEHI | NEOS Ethereum High Income ETF | 5.79% |
| XRPM | Amplify XRP 3% Monthly Premium Income ETF | 4.79% |
| Bottom Performers | ||
| KSLV | Kurv Silver Enhanced Income ETF | -8.78% |
| YGLD | Simplify Gold Strategy PLUS Income ETF | -8.13% |
| GDXW | Roundhill Gold Miners WeeklyPay ETF | -7.32% |
| NUGY | GraniteShares YieldBOOST Gold Miners ETF | -7.14% |
| SLJY | Amplify SILJ Covered Call ETF | -5.52% |
Analyzing the Weekly Flows
The channel attracted a total of $1,111M in net flows this week. The “Synthetic Income – Equity” category dominated with $1,249M in inflows, holding the lion’s share of assets at $148.9B. The “Synthetic Income – Commodity” category also saw positive movement with notable inflows of $46M. Conversely, the “Synthetic Income – Single Stock” category experienced the largest outflows, shedding $190M for the week.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Synthetic Income – Equity | 162 | $148,921M | $1,249M | $5,359M | $10,249M | $296M | $50,313M |
| Synthetic Income – Commodity | 12 | $1,701M | $46M | $177M | $404M | $3M | $848M |
| Synthetic Income – Crypto | 22 | $1,799M | $3M | $232M | $942M | $2M | $2,514M |
| Synthetic Income – Multi-Asset | 5 | $206M | $2M | $14M | $9M | $0M | $39M |
| Synthetic Income – Fixed Income | 18 | $4,565M | $1M | $122M | $608M | $3M | $1,596M |
| Synthetic Income – Single Stock | 104 | $10,090M | ($190M) | $462M | $2,515M | ($54M) | $14,729M |
Top & Bottom 5 ETFs by 5-Day Flow
The JPMorgan NASDAQ Equity Premium Income ETF (JEPQ) led inflows this week, pulling in $522M. On the outflow side, the Roundhill WeeklyPay Universe ETF (WPAY) and YieldMax Universe Fund of Option Income ETFs (YMAX) saw the largest exits, losing $44M and $34M respectively.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| JEPQ | JPMorgan NASDAQ Equity Premium Income ETF | $522M |
| JEPI | JPMorgan Equity Premium Income ETF | $218M |
| GPIQ | Goldman Sachs Nasdaq-100 Premium Income ETF | $118M |
| DIVO | Amplify CWP Enhanced Dividend Income ETF | $74M |
| SPYI | NEOS S&P 500 High Income ETF | $71M |
| Outflows | ||
| WPAY | Roundhill WeeklyPay Universe ETF | ($44M) |
| YMAX | YieldMax Universe Fund of Option Income ETFs | ($34M) |
| KNG | FT Vest S&P 500 Dividend Aristocrats Target Income ETF | ($27M) |
| ULTY | YieldMax Ultra Option Income Strategy ETF | ($24M) |
| QQQI | NEOS Nasdaq 100 High Income ETF | ($15M) |
Issuer League Table Update
JPMorgan continues to dominate the issuer landscape, holding a commanding 44.37% market share and securing the most inflows this week with $741M. Neos follows in second place with 10.66% market share. Among the top-tier issuers, YieldMax (ranked 4th by AUM) saw the largest outflows, shedding $219M.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| JPMorgan | 3 | $74.25B | 44.37% |
| Neos | 15 | $17.83B | 10.66% |
| Global X | 14 | $13.10B | 7.83% |
| YieldMax | 60 | $10.89B | 6.51% |
| FT Vest | 11 | $7.75B | 4.63% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| JPMorgan | $741M |
| Goldman Sachs | $177M |
| Amplify | $115M |
| Outflows | |
| YieldMax | ($219M) |
| Roundhill | ($38M) |
| Global X | ($14M) |
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.
