Weekly Channel Summary
The Synthetic Income channel continued its strong growth trajectory, closing the week with total assets under management of $162 billion across 303 ETFs from 61 different issuers. The channel attracted $0.56 billion in net new assets over the past 5 days, contributing to a robust year-to-date net flow of $61.37 billion. Over the past year, the channel has seen impressive net inflows totaling $70.92 billion.
This Week’s Performance Leaders and Laggards
This week’s performance was heavily influenced by underlying asset classes, with precious metals-focused funds surging while cryptocurrency-linked products faced significant downturns.
Top & Bottom 5 ETFs by Weekly Performance
The top-performing ETF this week was the Kurv Silver Enhanced Income ETF (KSLV), which returned 4.88%. On the other end of the spectrum, the Defiance Leveraged Long Income Ethereum ETF (ETHI) was the worst performer with a -16.38% return, followed closely by the Simplify Bitcoin Strategy PLUS Income ETF (MAXI) at -14.73%.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| KSLV | Kurv Silver Enhanced Income ETF | 4.88% |
| SLVO | UBS AG ETRACS Silver Shares Covered Call ETN | 4.83% |
| SLJY | Amplify SILJ Covered Call ETF | 4.80% |
| SLTY | YieldMax Ultra Short Option Income Strategy ETF | 3.82% |
| DOGG | FT Vest DJIA Dogs 10 Target Income ETF | 3.30% |
| Bottom Performers | ||
| ETHI | Defiance Leveraged Long Income Ethereum ETF | -16.38% |
| MAXI | Simplify Bitcoin Strategy PLUS Income ETF | -14.73% |
| BLOX | Nicholas Crypto Income ETF | -14.58% |
| BITK | Tuttle Capital IBIT ODTE Covered Call ETF | -10.88% |
| LFGY | YieldMax Crypto Industry & Tech Portfolio Option Income ETF | -10.72% |
Analyzing the Weekly Flows
The channel saw overall net inflows of $546 million this past week. The ‘Synthetic Income – Equity’ category was the primary driver, attracting $505 million in new assets to its $142.1 billion AUM base. ‘Synthetic Income – Single Stock’ also saw significant inflows of $211 million. This was offset by the ‘Synthetic Income – Crypto’ category, which experienced the largest outflows, shedding $284 million.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Synthetic Income – Equity | 151 | $142,119M | $505M | $2,274M | $9,879M | $43,573M | $50,560M |
| Synthetic Income – Single Stock | 88 | $12,192M | $211M | $1,100M | $2,664M | $13,866M | $16,289M |
| Synthetic Income – Fixed Income | 18 | $4,362M | $71M | $309M | $690M | $1,332M | $1,324M |
| Synthetic Income – Commodity | 11 | $1,468M | $50M | $118M | $371M | $616M | $632M |
| Synthetic Income – Multi-Asset | 3 | $185M | ($7M) | ($5M) | $4M | $26M | $32M |
| Synthetic Income – Crypto | 19 | $1,760M | ($284M) | $290M | $954M | $1,928M | $2,055M |
Top & Bottom 5 ETFs by 5-Day Flow
At the fund level, the NEOS Nasdaq 100 High Income ETF (QQQI) led all inflows, pulling in $228 million. The largest outflows came from the Roundhill Bitcoin Covered Call Strategy ETF (YBTC) which saw $303 million exit, and the YieldMax Ultra Option Income Strategy ETF (ULTY) with $172 million in outflows.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| QQQI | NEOS Nasdaq 100 High Income ETF | $228M |
| SPYI | NEOS S&P 500 High Income ETF | $154M |
| JEPI | JPMorgan Equity Premium Income ETF | $86M |
| TLTW | iShares 20+ Year Treasury Bond BuyWrite Strategy ETF | $58M |
| GPIX | Goldman Sachs S&P 500 Premium Income ETF | $56M |
| Outflows | ||
| YBTC | Roundhill Bitcoin Covered Call Strategy ETF | ($303M) |
| ULTY | YieldMax Ultra Option Income Strategy ETF | ($172M) |
| JEPQ | JPMorgan NASDAQ Equity Premium Income ETF | ($143M) |
| QYLD | Global X NASDAQ 100 Covered Call ETF | ($55M) |
| HIGH | Simplify Enhanced Income ETF | ($27M) |
Issuer League Table Update
JPMorgan and Neos remain the top two issuers by market share, commanding 44.44% and 9.42% of the channel’s AUM, respectively. Neos led all issuers in weekly inflows, gathering $419 million. Among the top 5 issuers by AUM, JPMorgan saw the largest outflows, with $56 million exiting its funds.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| JPMorgan | 3 | $72.05B | 44.44% |
| Neos | 13 | $15.27B | 9.42% |
| YieldMax | 57 | $13.75B | 8.48% |
| Global X | 15 | $12.67B | 7.82% |
| FT Vest | 11 | $7.62B | 4.70% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| Neos | $419M |
| Goldman Sachs | $103M |
| iShares | $81M |
| Outflows | |
| Roundhill | ($131M) |
| YieldMax | ($109M) |
| Global X | ($75M) |
For a deeper dive into these trends, access our FREE, in-depth Thematic 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.
