Weekly Channel Summary
The Synthetic Income channel encompasses 397 ETFs from 72 issuers, with total assets under management standing at $210.14 billion. Investors added a net $1.96 billion to the channel over the past week, contributing to a year-to-date inflow of $43.81 billion. Over the last twelve months, the channel has accumulated $74.64 billion in net new assets.
This Week’s Performance Leaders and Laggards
Most Synthetic Income categories posted losses this week, with Crypto being the sole exception, gaining 0.62%. Single Stock funds were the weakest performers, declining by 2.84%, followed closely by the large Equity category, which fell 1.77%. Despite the weekly downturn, the Equity category remains the strongest performer year-to-date with a 7.09% return.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Crypto | 0.62% | -0.46% | -16.39% | -31.09% | -25.66% | -41.99% |
| Fixed Income | -0.03% | -0.43% | -0.04% | 1.25% | 1.73% | 6.44% |
| Multi-Asset | -0.77% | -0.04% | 2.38% | 4.31% | 5.15% | 15.97% |
| Commodity | -1.45% | -6.02% | -13.49% | -6.55% | -2.01% | 16.68% |
| Equity | -1.77% | -0.14% | 2.81% | 5.16% | 7.09% | 15.97% |
| Single Stock | -2.84% | -3.08% | 0.07% | 1.53% | 4.10% | 10.15% |
Top & Bottom 5 ETFs by Weekly Performance
Commodity-linked funds delivered standout returns in a broadly negative week for the channel. The Defiance Oil Enhanced Options Income ETF (USOY) surged 10.92%, leading all performers by a significant margin. In contrast, the Tuttle Capital Space Industry Income Blast ETF (SPCI) experienced the sharpest decline, falling 13.82% for the week.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| USOY | Defiance Oil Enhanced Options Income ETF | 10.92% |
| USOI | UBS AG ETRACS Crude Oil Shares Covered Call ETNs due April 24, 2037 | 5.12% |
| EHY | Amplify Ethereum Max Income Covered Call ETF | 4.38% |
| ETTY | Amplify Ethereum 3% Monthly Option Income ETF | 4.01% |
| XLEI | State Street Energy Select Sector SPDR Premium Income ETF | 3.73% |
| Bottom Performers | ||
| SPCI | Tuttle Capital Space Industry Income Blast ETF | -13.82% |
| EGGY | NestYield Dynamic Income ETF | -13.51% |
| EGGQ | NestYield Visionary ETF | -13.30% |
| ULTI | REX IncomeMax Option Strategy ETF | -13.28% |
| MEMY | Tuttle Capital Meme Stock Income Blast ETF | -13.21% |
Analyzing the Weekly Flows
Investors poured a net $1.96 billion into Synthetic Income ETFs, with the vast majority directed towards a single category. Equity funds were the primary destination for new capital, attracting over $1.80 billion in net inflows. All other categories also saw positive flows, though on a much smaller scale, led by Single Stock funds which gathered $63 million.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Equity | 218 | $192.39B | $1,803M | $7,258M | $18,798M | $39,919M | $62,120M |
| Single Stock | 110 | $7.56B | $63M | $159M | $983M | $491M | $6,144M |
| Fixed Income | 25 | $5.80B | $48M | $257M | $678M | $1,271M | $2,291M |
| Multi-Asset | 6 | $478M | $26M | $35M | $47M | $258M | $275M |
| Commodity | 15 | $2.19B | $14M | $122M | $428M | $998M | $1,669M |
| Crypto | 23 | $1.72B | $9M | $118M | $458M | $876M | $2,135M |
Top & Bottom 5 ETFs by 5-Day Flow
The JPMorgan NASDAQ Equity Premium Income ETF (JEPQ) led all funds, attracting $364 million in new assets. Neos also had a strong week, with two of its funds ranking in the top three for inflows. Outflows were minimal across the channel, with the NEOS Boosted Nasdaq-100 High Income ETF (XQQI) and the Roundhill HOOD WeeklyPay ETF (HOOW) seeing the largest redemptions at just -$8 million and -$6 million, respectively.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| JEPQ | JPMorgan NASDAQ Equity Premium Income ETF | $364M |
| QQQI | NEOS Nasdaq 100 High Income ETF | $211M |
| SPYI | NEOS S&P 500 High Income ETF | $149M |
| JEPI | JPMorgan Equity Premium Income ETF | $108M |
| DIVO | Amplify CWP Enhanced Dividend Income ETF | $95M |
| Outflows | ||
| XQQI | NEOS Boosted Nasdaq-100 High Income ETF | -$8M |
| HOOW | Roundhill HOOD WeeklyPay ETF | -$6M |
| ULTY | YieldMax Ultra Option Income Strategy ETF | -$5M |
| LQTI | FT Vest Investment Grade & Target Income ETF | -$4M |
| MAGY | Roundhill Magnificent Seven Covered Call ETF | -$3M |
Issuer League Table Update
JPMorgan and Neos continue to dominate the Synthetic Income landscape, commanding 41.0% and 14.7% of the market share, respectively. These two issuers also captured nearly all of the week’s net inflows, with JPMorgan taking in $489 million and Neos following closely with $487 million. Outflows among issuers were negligible, as GraniteShares posted the largest weekly redemption at a mere -$3 million.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| JPMorgan | 5 | $86.10B | 40.97% |
| Neos | 18 | $30.88B | 14.69% |
| Global X | 17 | $13.36B | 6.36% |
| Goldman Sachs | 2 | $9.89B | 4.71% |
| FT Vest | 17 | $9.64B | 4.59% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| JPMorgan | $489M |
| Neos | $487M |
| First Trust | $138M |
| Outflows | |
| GraniteShares | -$3M |
| Brookstone | -$1M |
| Madison | -$1M |
For a deeper dive into these trends, access our FREE, in-depth Synthetic Income 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.
