Weekly Channel Summary
The Synthetic Income channel closed the week with $163.3B in total assets across 314 ETFs from 62 issuers. The channel pulled in a net flow of $530M over the past 5 days, contributing to a Year-to-Date total of $62.62B and a 1-Year haul of $69.19B.
This Week’s Performance Leaders and Laggards
Synthetic Income strategies saw a wide dispersion in returns this week, with crypto-linked strategies dominating the top of the leaderboard while certain option income strategies lagged.
Top & Bottom 5 ETFs by Weekly Performance
The Defiance Leveraged Long Income Ethereum ETF (ETHI) was the standout performer, surging 18.72% for the week. On the downside, the YieldMax Ultra Short Option Income Strategy ETF (SLTY) and the YieldMax Short N100 Option Income Strategy ETF (YQQQ) struggled the most, dropping -6.91% and -3.81% respectively.
| Top Performers | ||
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| ETHI | Defiance Leveraged Long Income Ethereum ETF | 18.72% |
| BLOX | Nicholas Crypto Income ETF | 16.20% |
| GDXW | Roundhill Gold Miners WeeklyPay ETF | 15.43% |
| SLJY | Amplify SILJ Covered Call ETF | 14.76% |
| KSLV | Kurv Silver Enhanced Income ETF | 12.85% |
| Bottom Performers | ||
| SLTY | YieldMax Ultra Short Option Income Strategy ETF | -6.91% |
| YQQQ | YieldMax Short N100 Option Income Strategy ETF | -3.81% |
| CSHI | NEOS Enhanced Income 1-3 Month T-Bill ETF | 0.16% |
| JUCY | Aptus Enhanced Yield ETF | 0.25% |
| LQDW | iShares Investment Grade Corporate Bond BuyWrite Strategy ETF | 0.25% |
Analyzing the Weekly Flows
The channel attracted a total of $530M in net flows this week. The Synthetic Income – Equity category led the way with the most significant inflows of $565M, boasting a total AUM of $144.1B. Synthetic Income – Fixed Income also saw positive movement with $47M in new assets, while Synthetic Income – Single Stock experienced the largest outflows, shedding $141M.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Synthetic Income – Equity | 155 | $144,119M | $565M | $2,612M | $9,250M | $44,836M | $49,599M |
| Synthetic Income – Fixed Income | 18 | $4,482M | $47M | $281M | $663M | $1,432M | $1,371M |
| Synthetic Income – Crypto | 20 | $1,663M | $39M | $221M | $863M | $2,007M | $2,126M |
| Synthetic Income – Commodity | 12 | $1,495M | $21M | $119M | $387M | $663M | $679M |
| Synthetic Income – Multi-Asset | 3 | $184M | ($1M) | ($7M) | $2M | $25M | $28M |
| Synthetic Income – Single Stock | 95 | $11,289M | ($141M) | $325M | $1,794M | $13,600M | $15,339M |
Top & Bottom 5 ETFs by 5-Day Flow
The NEOS Nasdaq 100 High Income ETF (QQQI) attracted the most capital this week, bringing in $183M. Meanwhile, the YieldMax Ultra Option Income Strategy ETF (ULTY) and the JPMorgan Equity Premium Income ETF (JEPI) saw the largest redemptions, losing $44M and $40M respectively.
| Inflows | ||
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| QQQI | NEOS Nasdaq 100 High Income ETF | $183M |
| GPIQ | Goldman Sachs Nasdaq-100 Premium Income ETF | $83M |
| SPYI | NEOS S&P 500 High Income ETF | $64M |
| QYLD | Global X NASDAQ 100 Covered Call ETF | $51M |
| BTCI | NEOS Bitcoin High Income ETF | $40M |
| Outflows | ||
| ULTY | YieldMax Ultra Option Income Strategy ETF | ($44M) |
| JEPI | JPMorgan Equity Premium Income ETF | ($40M) |
| WPAY | Roundhill WeeklyPay Universe ETF | ($22M) |
| YMAX | YieldMax Universe Fund of Option Income ETFs | ($17M) |
| GDXY | YieldMax Gold Miners Option Income Strategy ETF | ($11M) |
Issuer League Table Update
JPMorgan and Neos maintained their positions as the top two issuers by market share. Neos was the weekly leader in gathering assets, bringing in $323M, while YieldMax, a top 5 issuer by AUM, experienced the most significant outflows of $236M.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| JPMorgan | 3 | $73.13B | 44.79% |
| Neos | 13 | $15.93B | 9.76% |
| Global X | 15 | $12.70B | 7.78% |
| YieldMax | 60 | $12.31B | 7.54% |
| FT Vest | 11 | $7.68B | 4.70% |
Top & Bottom 3 Issuers by 5-Day Flow
| Inflows | |
| Brand | 5-Day Flow |
|---|---|
| Neos | $323M |
| Goldman Sachs | $102M |
| Global X | $68M |
| Outflows | |
| YieldMax | ($236M) |
| JPMorgan | ($34M) |
| Summit Global Investments | ($5M) |
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.
