Weekly Channel Summary
The Synthetic Income ETF Channel currently tracks a total Assets Under Management (AUM) of $190.47B across 359 distinct ETFs. The space remains highly active, with 68 unique issuers bringing products to market. Over the past week, the category generated a net inflow of $1.86B. This short-term momentum builds on an impressive long-term trend, showcasing $24.14B in Year-to-Date (YTD) flows and a massive $72.87B over the past 1 Year.
This Week’s Performance Leaders and Laggards
The performance landscape for individual Synthetic Income ETFs saw notable dispersion based on Week-to-Date (WTD) returns. Strategies tied to specific sector options, particularly semiconductors and oil, significantly outperformed, while precious metal and space industry-themed products faced the strongest headwinds.
Top & Bottom 5 ETFs by Weekly Performance
The single best-performing product this week was the YieldMax Target 12 Semiconductor Option Income ETF (SOXY), which delivered a WTD return of 10.23%. Conversely, the space saw notable drawdowns, anchored by the two worst-performing ETFs: the Tuttle Capital Space Industry Income Blast ETF (SPCI) at -11.93% and the Kurv Silver Enhanced Income ETF (KSLV) at -7.38%.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| SOXY | YieldMax Target 12 Semiconductor Option Income ETF | 10.23% |
| USOI | UBS AG ETRACS Crude Oil Shares Covered Call ETNs | 10.18% |
| CHPY | YieldMax Semiconductor Portfolio Option Income ETF | 9.52% |
| USOY | Defiance Oil Enhanced Options Income ETF | 9.39% |
| EGGQ | NestYield Visionary ETF | 5.29% |
| Bottom Performers | ||
| SPCI | Tuttle Capital Space Industry Income Blast ETF | -11.93% |
| KSLV | Kurv Silver Enhanced Income ETF | -7.38% |
| GDXW | Roundhill Gold Miners WeeklyPay ETF | -7.25% |
| SLVX | Nicholas Silver Income ETF | -6.81% |
| SLJY | Amplify SILJ Junior Silver Miners Covered Call ETF | -5.35% |
Analyzing the Weekly Flows
The channel experienced a robust total net flow of $1,858M this week, with every major sub-category seeing positive asset gathering. The Synthetic Income – Equity category dominated the inflows, pulling in $1,738M to end the week with an AUM of $172,916M. The Synthetic Income – Crypto category also contributed significant positive momentum, gathering $38M. Notably, there were no categories that experienced net outflows during this 5-day period.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Synthetic Income – Equity | 192 | $172,916M | $1,738M | $5,693M | $17,692M | $22,744M | $56,804M |
| Synthetic Income – Crypto | 23 | $1,685M | $38M | $110M | $309M | $455M | $2,108M |
| Synthetic Income – Commodity | 15 | $2,257M | $35M | $117M | $447M | $605M | $1,371M |
| Synthetic Income – Fixed Income | 21 | $5,260M | $30M | $160M | $530M | $622M | $1,973M |
| Synthetic Income – Single Stock | 103 | $7,925M | $13M | $72M | ($299M) | ($503M) | $10,366M |
| Synthetic Income – Multi-Asset | 5 | $424M | $4M | $43M | $67M | $214M | $251M |
Top & Bottom 5 ETFs by 5-Day Flow
On an individual fund level, the top ETF for inflows by dollar amount was the NEOS Nasdaq 100 High Income ETF (QQQI), taking in $348M. The top two ETFs facing outflows were the iShares High Yield Corporate Bond BuyWrite Strategy ETF (HYGW) with -$58M and the First Trust BuyWrite Income ETF (FTHI) shedding -$33M.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| QQQI | NEOS Nasdaq 100 High Income ETF | $348M |
| JEPI | JPMorgan Equity Premium Income ETF | $265M |
| SPYI | NEOS S&P 500 High Income ETF | $210M |
| JEPQ | JPMorgan NASDAQ Equity Premium Income ETF | $185M |
| BALI | iShares U.S. Large Cap Premium Income Active ETF | $153M |
| Outflows | ||
| HYGW | iShares High Yield Corporate Bond BuyWrite Strategy ETF | ($58M) |
| FTHI | First Trust BuyWrite Income ETF | ($33M) |
| RDVI | FT Vest Rising Dividend Achievers Target Income ETF | ($26M) |
| FTQI | First Trust Nasdaq BuyWrite Income ETF | ($23M) |
| SDVD | FT Vest SMID Rising Dividend Achievers Target Income ETF | ($18M) |
Issuer League Table Update
The competitive landscape is heavily concentrated at the top, with JPMorgan leading the pack at a 43.35% market share, followed by Neos holding 13.39%. Neos was the undeniable leader in asset gathering this week, capturing the most weekly inflows at $773M. Among the top-tier issuers (the top 5 by AUM), Global X saw the largest outflows, shedding $13M over the 5-day period.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| JPMorgan | 5 | $82.57B | 43.35% |
| Neos | 18 | $25.51B | 13.39% |
| Global X | 17 | $13.13B | 6.89% |
| YieldMax | 62 | $9.29B | 4.88% |
| Amplify | 14 | $8.86B | 4.65% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| Neos | $773M |
| JPMorgan | $463M |
| iShares | $130M |
| Outflows | |
| FT Vest | -$18M |
| Global X | -$13M |
| Roundhill | -$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.
