Weekly Channel Summary
The FI: Taxable ETF channel demonstrated robust activity over the past week, securing $11.11B in 5-day flows. This recent surge pushes the Year-to-Date (YTD) total to an impressive $194.27B, and $459.39B over the past year. The channel currently houses an expansive $2,211.4B in total Assets Under Management (AUM), spread across 689 ETFs from 142 unique issuers.
This Week’s Performance Leaders and Laggards
Convertible ETFs led the charge this week, returning 2.56% to bring their YTD performance to a dominant 18.71%. Emerging market debt also had a solid week, returning 0.68%. Conversely, Inflation Protected ETFs lagged the broader group with a modest Week-to-Date (WTD) return of just 0.03%, though they maintain a respectable 1.82% gain YTD.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Convertible | 2.56% | 7.79% | 11.98% | 17.45% | 18.71% | 39.82% |
| Emerging | 0.68% | 1.23% | 0.62% | 4.06% | 2.18% | 11.77% |
| Long-Term | 0.61% | 0.07% | -0.37% | 0.28% | 0.32% | 7.73% |
| Emerging USD | 0.51% | 1.63% | 1.13% | 3.54% | 2.11% | 12.57% |
| Preferred Stock | 0.49% | 1.91% | 1.09% | 2.99% | 2.23% | 9.42% |
| Government Long | 0.47% | -0.59% | -0.64% | -1.61% | -0.31% | 3.51% |
| International | 0.47% | 1.06% | -0.04% | 2.37% | 1.26% | 5.24% |
| Corporate | 0.39% | 0.37% | 0.12% | 1.19% | 0.60% | 6.81% |
| International USD | 0.38% | 0.06% | 0.24% | 0.60% | 0.72% | 2.61% |
| Core Enhanced | 0.27% | 0.23% | 0.13% | 1.23% | 0.74% | 6.15% |
| Multisector Taxable | 0.27% | 0.64% | 0.32% | 1.82% | 1.07% | 6.69% |
| Core | 0.25% | 0.08% | 0.03% | 0.96% | 0.54% | 5.52% |
| Securitized | 0.23% | 0.27% | 0.41% | 1.87% | 1.15% | 6.63% |
| Bank Loans | 0.18% | 1.48% | 1.00% | 1.74% | 0.84% | 5.52% |
| Government Intermediate | 0.15% | -0.10% | -0.35% | 0.24% | -0.05% | 3.95% |
| High Yield | 0.14% | 0.79% | 0.84% | 2.82% | 1.51% | 8.24% |
| Short-Term | 0.13% | 0.30% | 0.31% | 1.58% | 0.82% | 5.07% |
| Ultrashort | 0.13% | 0.51% | 0.90% | 2.17% | 1.42% | 5.12% |
| Government Short | 0.08% | 0.13% | 0.19% | 1.08% | 0.48% | 3.71% |
| Government Ultrashort | 0.07% | 0.32% | 0.86% | 1.83% | 1.23% | 3.98% |
| Inflation Protected | 0.03% | 0.85% | 1.21% | 1.71% | 1.82% | 5.01% |
Top & Bottom 5 ETFs by Weekly Performance
Focusing on individual products, the Calamos Convertible Equity Alternative ETF (CVRT) took the top spot this week, surging 3.97%. On the downside, the Virtus Private Credit Strategy ETF (VPC) and Sound Enhanced Fixed Income ETF (FXED) posted the steepest weekly declines, falling -1.40% and -0.36%, respectively.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| CVRT | Calamos Convertible Equity Alternative ETF | 3.97% |
| DADS | Digital Asset Debt Strategy ETF | 3.48% |
| FCVT | First Trust SSI Strategic Convertible Securities ETF | 3.01% |
| CWB | State Street SPDR Bloomberg Convertible Securities ETF | 2.91% |
| ICVT | iShares Convertible Bond ETF | 2.80% |
| Bottom Performers | ||
| VPC | Virtus Private Credit Strategy ETF | -1.40% |
| FXED | Sound Enhanced Fixed Income ETF | -0.36% |
| TFFI | Chesapeake Trend-Following Fixed Income ETF | -0.27% |
| LVIG | Longview Advantage Fixed Income ETF | -0.23% |
| SJCP | SanJac Alpha Core Plus Bond ETF | -0.20% |
Analyzing the Weekly Flows
With an overall net positive flow of $11.11B across the channel, investors heavily favored the Multi-Sector segment, which pulled in nearly $6B alone. From a credit perspective, Investment Grade was the undisputed leader, attracting $7.82B, while Ultrashort duration strategies paced the pack with $4.65B. Notably, despite the strong inflows across the board, the Government segment’s 30-day flow profile remains slightly negative due to previous outflows.
Flows by Segment
| Segment | Fund Count | AUM | 5 Day Flow | 30 Day Flow | 90 Day Flow | YTD Flow | 1 Year Flow |
|---|---|---|---|---|---|---|---|
| FI: Multi-Sector | 290 | $917.8B | $5,982M | $17,056M | $51,803M | $84,087M | $217,060M |
| FI: Government | 121 | $692.0B | $3,739M | -$2,254M | $67,630M | $78,344M | $146,393M |
| FI: Bank Loans | 44 | $63.8B | $745M | $2,943M | $2,439M | $6,324M | $15,465M |
| FI: Securitized | 42 | $105.6B | $422M | $809M | $2,975M | $3,964M | $15,979M |
| FI: Preferred Stock | 27 | $40.8B | $144M | $572M | $705M | $708M | $2,654M |
| FI: Corporate | 163 | $391.4B | $79M | $10,823M | $13,976M | $20,794M | $61,768M |
| FI: Cat Bonds | 1 | $0.1B | $4M | $17M | $37M | $45M | $73M |
Flows by Credit Type
| Credit Type | Fund Count | AUM | 5 Day Flow | 30 Day Flow | 90 Day Flow | YTD Flow | 1 Year Flow |
|---|---|---|---|---|---|---|---|
| Credit: Investment Grade | 359 | $1,775.2B | $7,823M | $14,752M | $119,494M | $161,543M | $348,561M |
| Credit: Blend | 175 | $248.7B | $1,750M | $6,581M | $19,056M | $30,958M | $82,141M |
| Credit: High Yield | 152 | $187.3B | $1,536M | $8,607M | $979M | $1,720M | $28,539M |
| Specialty: Interest Rate Volatility | 1 | $0.0B | $0M | $2M | $2M | $2M | $2M |
Flows by Duration
| Duration | Fund Count | AUM | 5 Day Flow | 30 Day Flow | 90 Day Flow | YTD Flow | 1 Year Flow |
|---|---|---|---|---|---|---|---|
| Duration: Ultrashort | 137 | $455.7B | $4,646M | -$1,935M | $59,074M | $73,149M | $124,708M |
| Duration: Intermediate | 406 | $1,269.6B | $4,369M | $23,889M | $60,550M | $96,255M | $268,392M |
| Duration: Short | 86 | $291.7B | $1,143M | $5,511M | $16,528M | $23,534M | $52,638M |
| Duration: Long | 58 | $194.3B | $951M | $2,477M | $3,378M | $1,285M | $13,505M |
Top & Bottom 5 ETFs by 5-Day Flow
The iShares 0-3 Month Treasury Bond ETF (SGOV) was the biggest magnet for new capital, drawing in $2.63B over the past five days. Meanwhile, the iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) and the Vanguard Intermediate-Term Corporate Bond ETF (VCIT) experienced the heaviest redemptions, shedding -$1.98B and -$513M, respectively.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| SGOV | iShares 0-3 Month Treasury Bond ETF | $2,626M |
| BND | Vanguard Total Bond Market ETF | $814M |
| VCLT | Vanguard Long-Term Corporate Bond ETF | $775M |
| BNDX | Vanguard Total International Bond ETF | $571M |
| AGG | iShares Core U.S. Aggregate Bond ETF | $554M |
| Outflows | ||
| LQD | iShares iBoxx $ Investment Grade Corporate Bond ETF | -$1,977M |
| VCIT | Vanguard Intermediate-Term Corporate Bond ETF | -$513M |
| IEF | iShares 7-10 Year Treasury Bond ETF | -$313M |
| TBLL | Invesco Short Term Treasury ETF | -$288M |
| IGSB | iShares 1-5 Year Investment Grade Corporate Bond ETF | -$170M |
Issuer League Table Update
iShares and Vanguard maintain their duopoly at the top of the issuer leaderboard, commanding 36.61% and 26.33% of the channel’s AUM, respectively. iShares slightly edged out Vanguard in weekly asset gathering, pulling in $3.09B versus Vanguard’s $2.97B. On the opposite end, WisdomTree faced the most significant headwinds, recording -$129M in net outflows for the week.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| iShares | 87 | $809.67B | 36.61% |
| Vanguard | 30 | $582.23B | 26.33% |
| SPDR | 38 | $170.06B | 7.69% |
| JPMorgan | 19 | $85.99B | 3.89% |
| Schwab | 12 | $74.13B | 3.35% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| iShares | $3,093M |
| Vanguard | $2,966M |
| PIMCO | $647M |
| Outflows | |
| WisdomTree | -$129M |
| 3Edge | -$51M |
| Invesco | -$10M |
For a deeper dive into these trends, access our FREE, in-depth Taxable 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.
