Weekly Channel Summary
Total Assets Under Management (AUM) for the Synthetic Income channel currently stand at $204.18B, distributed across 406 ETFs and managed by 71 distinct issuers. The channel demonstrated solid growth this week with 5-Day net flows of $1.93B, contributing to an impressive Year-to-Date (YTD) flow total of $35.03B and a 1-Year flow of $74.34B.
This Week’s Performance Leaders and Laggards
The performance landscape this week was characterized by strength in commodity and energy-focused strategies, while cryptocurrency option ETFs faced significant downward pressure.
Top & Bottom 5 ETFs by Weekly Performance
The strongest performer was the UBS AG ETRACS Crude Oil Shares Covered Call ETNs (USOI), which posted a Week-To-Date (WTD) return of 5.69%. Conversely, digital asset strategies suffered the steepest declines, led by the NEOS Boosted Bitcoin High Income ETF (XBCI) plunging -34.21% and the Amplify Solana 3% Monthly Option Income ETF (SOLM) falling -25.35%.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| USOI | UBS AG ETRACS Crude Oil Shares Covered Call ETNs | 5.69% |
| USOY | Defiance Oil Enhanced Options Income ETF | 3.31% |
| XLEI | State Street Energy Select Sector SPDR Premium Income ETF | 2.28% |
| MDST | Westwood Salient Enhanced Midstream Income ETF | 2.15% |
| WEEI | Westwood Salient Enhanced Energy Income ETF | 1.98% |
| Bottom Performers | ||
| XBCI | NEOS Boosted Bitcoin High Income ETF | -34.21% |
| SOLM | Amplify Solana 3% Monthly Option Income ETF | -25.35% |
| EHY | Amplify Ethereum Max Income Covered Call ETF | -25.02% |
| ETTY | Amplify Ethereum 3% Monthly Option Income ETF | -23.84% |
| SPCI | Tuttle Capital Space Industry Income Blast ETF | -21.94% |
Analyzing the Weekly Flows
The channel gathered robust net inflows totaling $1.93B over the past 5 days. Synthetic Income – Equity captured the vast majority of this capital, bringing in $1,745M to its massive $186.06B AUM base. Synthetic Income – Single Stock also saw meaningful activity with $99M in inflows. No broad category experienced net outflows this week, though Synthetic Income – Multi-Asset saw the lightest inflows at just $5M.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Synthetic Income – Equity | 220 | $186,062M | $1,745M | $6,921M | $18,594M | $32,062M | $60,153M |
| Synthetic Income – Single Stock | 111 | $8,147M | $99M | $621M | $1,060M | $218M | $7,968M |
| Synthetic Income – Fixed Income | 25 | $5,585M | $38M | $184M | $661M | $997M | $2,206M |
| Synthetic Income – Commodity | 15 | $2,348M | $25M | $152M | $343M | $786M | $1,511M |
| Synthetic Income – Crypto | 24 | $1,596M | $15M | $216M | $494M | $745M | $2,250M |
| Synthetic Income – Multi-Asset | 6 | $444M | $5M | $3M | $49M | $220M | $247M |
Top & Bottom 5 ETFs by 5-Day Flow
Leading the individual product flows was the JPMorgan NASDAQ Equity Premium Income ETF (JEPQ), which commanded an impressive $489M in new assets. On the other side of the ledger, the Global X NASDAQ 100 Covered Call ETF (QYLD) experienced the most significant outflows at -$53M, followed by the iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (TLTW) shedding -$13M.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| JEPQ | JPMorgan NASDAQ Equity Premium Income ETF | $489M |
| QQQI | NEOS Nasdaq 100 High Income ETF | $138M |
| GPIQ | Goldman Sachs Nasdaq-100 Premium Income ETF | $110M |
| ACYN | FT Vest Laddered Autocallable Barrier & Income ETF | $105M |
| GPIX | Goldman Sachs S&P 500 Premium Income ETF | $91M |
| Outflows | ||
| QYLD | Global X NASDAQ 100 Covered Call ETF | -$53M |
| TLTW | iShares 20+ Year Treasury Bond BuyWrite Strategy ETF | -$13M |
| XDTE | Roundhill S&P 500 0DTE Covered Call Strategy ETF | -$8M |
| GDXY | YieldMax Gold Miners Option Income Strategy ETF | -$6M |
| FEPI | REX FANG & Innovation Equity Premium Income ETF | -$6M |
Issuer League Table Update
JPMorgan remains the dominant leader within the Synthetic Income landscape, controlling a commanding 41.59% market share, followed by Neos at 14.12%. JPMorgan was also the top asset gatherer for the week, adding $605M in fresh capital. Among the top five largest issuers by AUM, Global X was the only one to face net redemptions, experiencing the largest overall weekly outflows of -$46M.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| JPMorgan | 5 | $84.92B | 41.59% |
| Neos | 18 | $28.84B | 14.12% |
| Global X | 17 | $13.44B | 6.58% |
| YieldMax | 63 | $10.25B | 5.02% |
| Amplify | 16 | $9.39B | 4.60% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| JPMorgan | $605M |
| Neos | $361M |
| YieldMax | $262M |
| Outflows | |
| Global X | -$46M |
| GraniteShares | -$13M |
| VistaShares | -$10M |
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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.
