Weekly Channel Summary
The Synthetic Income channel now stands at $162.37B in total assets under management, encompassing 276 ETFs from 58 issuers. The channel saw net inflows of $555M over the past week, contributing to a year-to-date flow of $58.39B and a 1-year total flow of $70.43B.
This Week’s Performance Leaders and Laggards
The past week saw a wide dispersion in performance across the Synthetic Income channel. Bitcoin- and commodity-related funds dominated the top and bottom spots, respectively, reflecting the week’s volatility in those underlying assets.
Top & Bottom 5 ETFs by Weekly Performance
The Simplify Bitcoin Strategy PLUS Income ETF (MAXI) led the pack with a 7.25% Week-to-Date (WTD) return. On the other end, the Kurv Silver Enhanced Income ETF (KSLV) was the worst performer, down -6.97%, followed by the Amplify SILJ Covered Call ETF (SLJY) with a -6.62% return.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| MAXI | Simplify Bitcoin Strategy PLUS Income ETF | 7.25% |
| ETHI | Defiance Leveraged Long Income Ethereum ETF | 6.72% |
| USOI | UBS AG ETRACS Crude Oil Shares Covered Call ETNs due April.. | 6.24% |
| BLOX | Nicholas Crypto Income ETF | 5.24% |
| BAGY | Amplify Bitcoin Max Income Covered Call ETF | 5.18% |
| Bottom Performers | ||
| KSLV | Kurv Silver Enhanced Income ETF | -6.97% |
| SLJY | Amplify SILJ Covered Call ETF | -6.62% |
| GDXY | YieldMax Gold Miners Option Income Strategy ETF | -6.60% |
| GLDY | Defiance Gold Enhanced Options Income ETF | -3.45% |
| KGLD | Kurv Gold Enhanced Income ETF | -3.15% |
Analyzing the Weekly Flows
The Synthetic Income channel attracted $555M in net new assets this week. The ‘Synthetic Income – Equity’ category was the primary driver, pulling in $288M and bringing its total AUM to $141.08B. The ‘Synthetic Income – Single Stock’ category also saw significant interest with $121M in new flows. All categories reported neutral to positive inflows for the week.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Synthetic Income – Equity | 147 | $141,080M | $288M | $2,871M | $11,955M | $41,817M | $50,672M |
| Synthetic Income – Single Stock | 80 | $13,466M | $121M | $1,026M | $3,421M | $13,151M | $15,943M |
| Synthetic Income – Crypto | 17 | $2,078M | $75M | $198M | $944M | $1,741M | $1,901M |
| Synthetic Income – Fixed Income | 18 | $4,192M | $50M | $210M | $523M | $1,106M | $1,257M |
| Synthetic Income – Commodity | 11 | $1,362M | $21M | $134M | $339M | $543M | $615M |
| Synthetic Income – Multi-Asset | 3 | $189M | $0M | $0M | $7M | $31M | $40M |
Top & Bottom 5 ETFs by 5-Day Flow
At the fund level, the NEOS Nasdaq 100 High Income ETF (QQQI) led inflows, gathering $205M. Significant outflows were seen from the YieldMax Ultra Option Income Strategy ETF (ULTY) which lost ($372M), and the JPMorgan Equity Premium Income ETF (JEPI) with ($242M) in outflows.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| QQQI | NEOS Nasdaq 100 High Income ETF | $205M |
| SPYI | NEOS S&P 500 High Income ETF | $106M |
| WPAY | Roundhill WeeklyPay Universe ETF | $79M |
| JEPQ | JPMorgan NASDAQ Equity Premium Income ETF | $66M |
| GPIX | Goldman Sachs S&P 500 Premium Income ETF | $50M |
| Outflows | ||
| ULTY | YieldMax Ultra Option Income Strategy ETF | ($372M) |
| JEPI | JPMorgan Equity Premium Income ETF | ($242M) |
| QYLD | Global X NASDAQ 100 Covered Call ETF | ($75M) |
| KNG | FT Vest S&P 500 Dividend Aristocrats Target Income ETF | ($25M) |
| WTPI | WisdomTree Equity Premium Income Fund | ($17M) |
Issuer League Table Update
JPMorgan (44.67%) and YieldMax (10.07%) continue to dominate the channel by market share. This week, Neos gathered the most inflows with $376M. Among the top 5 issuers by AUM, YieldMax saw the largest outflows, shedding ($379M).
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| JPMorgan | 3 | $72.53B | 44.67% |
| YieldMax | 57 | $16.35B | 10.07% |
| Neos | 13 | $14.63B | 9.01% |
| Global X | 15 | $12.75B | 7.85% |
| FT Vest | 11 | $7.46B | 4.60% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| Neos | $376M |
| Roundhill | $231M |
| Goldman Sachs | $83M |
| Outflows | |
| YieldMax | -$379M |
| JPMorgan | -$175M |
| Global X | -$80M |
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.
