Weekly Channel Summary
The NT: Synthetic Income channel continues to demonstrate robust activity, ending the week with $195B in Total Assets Under Management (AUM) spread across 375 ETFs from 69 distinct issuers. Investor demand remains exceptionally strong, as evidenced by a healthy $1.73B in net inflows over the past 5 days. This positive momentum adds to an impressive $27.87B in Year-to-Date (YTD) inflows and a staggering $73.79B in net new money collected over the past 1 year.
This Week’s Performance Leaders and Laggards
The performance landscape for individual Synthetic Income ETFs this week highlighted strong gains in crypto and precious metal option-income strategies, while energy-linked funds faced notable headwinds. The Amplify Solana 3% Monthly Option Income ETF (SOLM) led the pack with an impressive Week-to-Date (WTD) return of 11.89%. On the downside, the Defiance Oil Enhanced Options Income ETF (USOY) and the YieldMax Short N100 Option Income Strategy ETF (YQQQ) struggled, recording the steepest declines with WTD returns of -4.80% and -4.64%, respectively.
Top & Bottom 5 ETFs by Weekly Performance
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| SOLM | Amplify Solana 3% Monthly Option Income ETF | 11.89% |
| BLOX | Nicholas Crypto Income ETF | 11.19% |
| SPCI | Tuttle Capital Space Industry Income Blast ETF | 10.59% |
| GDXW | Roundhill Gold Miners WeeklyPay ETF | 10.23% |
| SOXY | YieldMax Target 12 Semiconductor Option Income ETF | 9.15% |
| Bottom Performers | ||
| USOY | Defiance Oil Enhanced Options Income ETF | -4.80% |
| YQQQ | YieldMax Short N100 Option Income Strategy ETF | -4.64% |
| WEEI | Westwood Salient Enhanced Energy Income ETF | -4.21% |
| XLEI | State Street Energy Select Sector SPDR Premium Income ETF | -3.59% |
| MLPI | NEOS MLP & Energy Infrastructure High Income ETF | -3.55% |
Analyzing the Weekly Flows
The Synthetic Income channel gathered a substantial $1,715M in total net inflows this week. The vast majority of these assets poured directly into the Synthetic Income – Equity category, which absorbed $1,412M, boosting its overall AUM to a dominant $177,002M. The Synthetic Income – Single Stock category also saw significant investor interest, pulling in $128M. Notably, across the broader composite categories, no single segment experienced net outflows over the 5-day period, underscoring a structural, widespread demand for yield-enhancing strategies.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Synthetic Income – Equity | 193 | $177,002M | $1,412M | $6,646M | $17,744M | $25,813M | $57,899M |
| Synthetic Income – Single Stock | 106 | $8,276M | $128M | $254M | $217M | -$292M | $9,815M |
| Synthetic Income – Fixed Income | 21 | $5,457M | $109M | $341M | $649M | $860M | $2,175M |
| Synthetic Income – Crypto | 23 | $1,853M | $59M | $196M | $394M | $565M | $2,191M |
| Synthetic Income – Commodity | 15 | $2,320M | $6M | $139M | $387M | $663M | $1,413M |
| Synthetic Income – Multi-Asset | 5 | $434M | $2M | $42M | $61M | $219M | $250M |
Top & Bottom 5 ETFs by 5-Day Flow
Looking closely at individual funds, the popular JPMorgan Equity Premium Income ETF (JEPI) led the charge with a massive $299M in weekly net inflows by dollar amount. Conversely, its sibling strategy, the JPMorgan NASDAQ Equity Premium Income ETF (JEPQ), experienced the largest net outflows at -$29M, followed tightly by the Global X NASDAQ 100 Covered Call ETF (QYLD) which shed $21M over the 5-day period.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| JEPI | JPMorgan Equity Premium Income ETF | $299M |
| QQQI | NEOS Nasdaq 100 High Income ETF | $237M |
| CHPY | YieldMax Semiconductor Portfolio Option Income ETF | $153M |
| SPYI | NEOS S&P 500 High Income ETF | $133M |
| ACYN | FT Vest Laddered Autocallable Barrier & Income ETF | $56M |
| Outflows | ||
| JEPQ | JPMorgan NASDAQ Equity Premium Income ETF | -$29M |
| QYLD | Global X NASDAQ 100 Covered Call ETF | -$21M |
| IGLD | FT Vest Gold Strategy Target Income ETF | -$12M |
| USDX | SGI Enhanced Core ETF | -$9M |
| SPIN | State Street US Equity Premium Income ETF | -$8M |
Issuer League Table Update
In the Issuer League rankings, JPMorgan and Neos maintain a tight grip on the market, controlling 42.58% and 13.66% of the channel’s AUM, respectively. This week, Neos was the breakout leader in capital raising, gathering an impressive $577M in net inflows across its lineup. Conversely, looking closely at the top 5 issuers by AUM, Global X faced the steepest net outflows among the heavyweights, shedding $6M during the 5-day stretch.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| JPMorgan | 5 | $83.20B | 42.58% |
| Neos | 18 | $26.69B | 13.66% |
| Global X | 17 | $13.35B | 6.83% |
| YieldMax | 62 | $9.86B | 5.05% |
| Amplify | 16 | $9.00B | 4.60% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| Neos | $577M |
| JPMorgan | $335M |
| YieldMax | $267M |
| Outflows | |
| Summit Global Investments | -$8M |
| Global X | -$6M |
| Castellan | -$6M |
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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.
