Weekly Channel Summary
The FI: Taxable ETF channel currently holds $2,159 billion in Assets Under Management (AUM) across 682 ETFs from 141 unique issuers. Over the past week, the space saw strong positive activity, gathering $4.70 billion in net inflows. This recent activity builds upon ongoing momentum for the channel, pushing year-to-date inflows to $151.84 billion and the 1-year total flow figure to an impressive $442.45 billion.
This Week’s Performance Leaders and Laggards
The top performing category this week was Ultrashort, returning 0.07% Week-to-Date (WTD), closely followed by Government Ultrashort at 0.07%. Ultrashort bonds are also up 0.65% Year-to-Date (YTD). Conversely, Convertible ETFs saw the largest pullback, dropping 1.13% WTD, though the category remains positive at 2.10% YTD.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Ultrashort | 0.07% | 0.00% | 0.69% | 1.89% | 0.65% | 4.72% |
| Government Ultrashort | 0.07% | 0.21% | 0.82% | 1.85% | 0.78% | 4.02% |
| Bank Loans | 0.03% | 0.08% | -1.17% | -0.20% | -1.26% | 3.36% |
| Government Short | 0.03% | -0.83% | -0.03% | 1.16% | -0.06% | 3.79% |
| Short-Term | -0.03% | -1.05% | -0.10% | 1.21% | -0.11% | 4.56% |
| Securitized | -0.09% | -1.83% | -0.10% | 1.61% | -0.05% | 5.43% |
| Government Intermediate | -0.12% | -2.47% | -0.96% | 0.33% | -0.87% | 3.75% |
| Core | -0.17% | -2.49% | -0.87% | 0.50% | -0.77% | 4.40% |
| Core Enhanced | -0.20% | -2.55% | -0.93% | 0.38% | -0.83% | 4.52% |
| Multisector Taxable | -0.23% | -2.41% | -1.08% | 0.17% | -1.05% | 4.29% |
| Corporate | -0.25% | -2.77% | -1.57% | -0.36% | -1.41% | 4.60% |
| Government Long | -0.27% | -5.23% | -1.93% | -1.43% | -1.54% | 1.23% |
| International USD | -0.31% | -2.16% | -0.60% | 0.07% | -0.68% | 2.79% |
| Long-Term | -0.35% | -4.56% | -2.58% | -1.78% | -2.26% | 3.66% |
| Inflation Protected | -0.39% | -1.35% | 0.01% | 0.11% | 0.05% | 3.44% |
| Preferred Stock | -0.40% | -2.82% | -1.59% | -1.27% | -1.54% | 4.10% |
| High Yield | -0.43% | -1.92% | -1.11% | -0.01% | -1.24% | 5.50% |
| Emerging | -0.44% | -3.74% | -1.39% | 1.26% | -1.46% | 9.01% |
| Emerging USD | -0.45% | -3.56% | -1.58% | 0.98% | -1.67% | 8.38% |
| International | -0.65% | -4.29% | -2.35% | -1.37% | -2.19% | 5.87% |
| Convertible | -1.13% | -3.04% | 0.81% | 1.11% | 2.10% | 19.14% |
Top & Bottom 5 ETFs by Weekly Performance
Highlighting individual fund performance, the single best-performing ETF for the week was the Global X SuperIncome Preferred ETF (SPFF), gaining 0.57%. On the other end of the spectrum, the two worst-performing funds were the Digital Asset Debt Strategy ETF (DADS) and the First Trust SSI Strategic Convertible Securities ETF (FCVT), declining 1.83% and 1.50%, respectively.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| SPFF | Global X Superincome Preferred ETF | 0.57% |
| TFFI | Chesapeake Trend-Following Fixed Income ETF | 0.56% |
| CRDT | Simplify Opportunistic Income ETF | 0.43% |
| NCLO | Nuveen AA-BBB CLO ETF | 0.42% |
| BCLO | iShares BBB-B CLO Active ETF | 0.42% |
| Bottom Performers | ||
| DADS | Digital Asset Debt Strategy ETF | -1.83% |
| FCVT | First Trust SSI Strategic Convertible Securities ETF | -1.50% |
| ICVT | iShares Convertible Bond ETF | -1.44% |
| CWB | State Street SPDR Bloomberg Convertible Securities ETF | -1.43% |
| RDFI | Rareview Dynamic Fixed Income ETF | -1.40% |
Analyzing the Weekly Flows
The FI: Taxable channel gathered $4,652 million in net inflows this week. When looking beneath the surface, the FI: Government segment led the way with $5,218 million in inflows. By credit type and duration, Investment Grade credit and Ultrashort duration ETFs were the primary drivers, pulling in $4,365 million and $8,135 million, respectively. The largest outflows were seen in the FI: Corporate segment, which shed $3,558 million.
Flows by Segment
| Segment | Fund Count | AUM | 5 Day Flow | 30 Day Flow | 90 Day Flow | YTD Flow | 1 Year Flow |
|---|---|---|---|---|---|---|---|
| FI: Government | 119 | $682.6B | $5,218M | $29,786M | $72,126M | $70,049M | $159,867M |
| FI: Multi-Sector | 282 | $895.9B | $2,186M | $15,711M | $68,855M | $65,807M | $211,500M |
| FI: Bank Loans | 44 | $60.4B | $867M | -$187M | $3,652M | $3,215M | $7,555M |
| FI: Securitized | 41 | $103.7B | $15M | $471M | $2,694M | $2,525M | $17,127M |
| FI: Cat Bonds | 1 | $0.1B | $2M | $9M | $25M | $21M | $55M |
| FI: Preferred Stock | 27 | $39.2B | -$78M | -$228M | $212M | $188M | $1,685M |
| FI: Corporate | 164 | $376.9B | -$3,558M | -$5,508M | $9,969M | $9,923M | $44,547M |
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 | 353 | $1,743.1B | $4,365M | $41,500M | $137,848M | $133,070M | $353,186M |
| Credit: Blend | 171 | $239.4B | $784M | $4,517M | $24,846M | $23,919M | $76,821M |
| Credit: High Yield | 153 | $176.1B | -$496M | -$5,964M | -$5,175M | -$5,274M | $12,208M |
Flows by Duration
| Duration | Fund Count | AUM | 5 Day Flow | 30 Day Flow | 90 Day Flow | YTD Flow | 1 Year Flow |
|---|---|---|---|---|---|---|---|
| Duration: Ultrashort | 133 | $447.5B | $8,135M | $27,239M | $66,537M | $65,306M | $131,657M |
| Duration: Short | 84 | $283.2B | $252M | $5,154M | $17,850M | $17,090M | $53,549M |
| Duration: Intermediate | 402 | $1,237.8B | -$1,877M | $9,477M | $75,333M | $71,348M | $251,336M |
| Duration: Long | 58 | $190.2B | -$1,858M | -$1,817M | -$2,200M | -$2,029M | $5,672M |
Top & Bottom 5 ETFs by 5-Day Flow
The top individual ETF for inflows by dollar amount was the State Street SPDR Bloomberg 1-3 Month T-Bill ETF (BIL), which gathered an impressive $2,870 million. Leading the outflows were the iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) and the iShares Broad USD High Yield Corporate Bond ETF (USHY), which lost $1,806 million and $1,186 million, respectively.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| BIL | State Street SPDR Bloomberg 1-3 Month T-Bill ETF | $2,870M |
| SGOV | iShares 0-3 Month Treasury Bond ETF | $2,449M |
| HYG | iShares iBoxx $ High Yield Corporate Bond ETF | $959M |
| USFR | WisdomTree Floating Rate Treasury Fund | $683M |
| USIG | iShares Broad USD Investment Grade Corporate Bond ETF | $459M |
| Outflows | ||
| LQD | iShares iBoxx $ Investment Grade Corporate Bond ETF | -$1,806M |
| USHY | iShares Broad USD High Yield Corporate Bond ETF | -$1,186M |
| VCIT | Vanguard Intermediate-Term Corporate Bond ETF | -$896M |
| VGLT | Vanguard Long-Term Treasury ETF | -$791M |
| TLT | iShares 20+ Year Treasury Bond ETF | -$737M |
Issuer League Table Update
The top two issuers by market share remain iShares and Vanguard, controlling 36.86% and 26.43% of the channel’s AUM, respectively. This week, SPDR gathered the most assets with $2,878 million in net inflows, while Vanguard experienced the largest outflows, shedding $1,182 million.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| iShares | 87 | $795.86B | 36.86% |
| Vanguard | 30 | $570.63B | 26.43% |
| SPDR | 38 | $169.08B | 7.83% |
| JPMorgan | 19 | $82.99B | 3.84% |
| Schwab | 12 | $72.70B | 3.37% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| SPDR | $2,878M |
| WisdomTree | $686M |
| JPMorgan | $474M |
| Outflows | |
| Vanguard | -$1,182M |
| ProShares | -$538M |
| Xtrackers | -$235M |
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.
