Weekly Channel Summary
The FI: Specialty ETF channel currently encompasses 127 ETFs managed by 15 distinct issuers, representing a total Assets Under Management (AUM) of $68.5 billion. Looking at the latest flow activity, the channel experienced positive net flows over the past week, bringing in $279 million. This builds on a solid trajectory of growth, with Year-to-Date (YTD) flows sitting at $3.77 billion and 1-Year flows totaling an impressive $22.01 billion.
This Week’s Performance Leaders and Laggards
Within the FI: Specialty channel, performance was relatively muted this week. The best-performing category was “Fixed Income: Specialty – Defined Maturity” with a Week-to-Date (WTD) return of 0.02%, while also maintaining a positive Year-to-Date (YTD) return of 1.07%. On the other end of the spectrum, the worst-performing category was “Fixed Income: Specialty – Maturing Ladder,” which posted a WTD decline of -0.13% despite carrying a solid YTD return of 1.56%.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Fixed Income: Specialty – Defined Maturity | 0.02% | 1.05% | 1.60% | 3.29% | 1.07% | 6.50% |
| Fixed Income: Specialty – Interest Rate Volatility | 0.01% | -0.21% | -0.61% | -1.88% | 0.27% | -1.91% |
| Fixed Income: Specialty – Maturing Ladder | -0.13% | 1.83% | 1.30% | 3.89% | 1.56% | 5.59% |
Top & Bottom 5 ETFs by Weekly Performance
Looking at individual funds, the single best-performing ETF this week was the Vest 2 Year Interest Rate Hedge ETF (HYKE) with a WTD return of 1.49%. Conversely, the two worst-performing funds over the past five days were the Global X Interest Rate Volatility & Inflation Hedge ETF (IRVH) and the KraneShares Quadratic Interest Rate Volatility and Inflation Hedge ETF (IVOL), declining -0.78% and -0.63%, respectively.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| HYKE | Vest 2 Year Interest Rate Hedge ETF | 1.49% |
| RYSE | Vest 10 Year Interest Rate Hedge ETF | 0.41% |
| BSMZ | Invesco BulletShares 2035 Municipal Bond ETF | 0.29% |
| BSMY | Invesco BulletShares 2034 Municipal Bond ETF | 0.25% |
| RFIX | Simplify Bond Bull ETF | 0.24% |
| Bottom Performers | ||
| IRVH | Global X Interest Rate Volatility & Inflation Hedge ETF | -0.78% |
| IVOL | KraneShares Quadratic Interest Rate Volatility and Inflation Hedge ETF | -0.63% |
| PFIX | Simplify Interest Rate Hedge ETF | -0.45% |
| LIBD | LifeX 2065 Inflation-Protected Longevity Income ETF | -0.38% |
| LIAU | LifeX 2060 Inflation-Protected Longevity Income ETF | -0.33% |
Analyzing the Weekly Flows
The channel experienced a total net inflow of $279 million this week. The vast majority of this capital was directed into the “Specialty – Defined Maturity” category, which gathered $275 million, expanding its dominant AUM to $67.4 billion. Meanwhile, the “Specialty – Interest Rate Volatility” category saw flat flows ($0M), and the “Fixed Income: Specialty – Maturing Ladder” category saw a modest inflow of $4 million, marking it as the weakest relative gatherer for the week among peers.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Specialty Defined Maturity | 97 | $67.4B | $275M | $1,932M | $8,388M | $3,776M | $22,086M |
| Fixed Income: Specialty – Maturing Ladder | 20 | $0.1B | $4M | $2M | -$12M | $0M | -$167M |
| Specialty – Interest Rate Volatility | 10 | $0.9B | $0M | $2M | $57M | -$8M | $89M |
Top & Bottom 5 ETFs by 5-Day Flow
Among individual funds, the top gatherer for the week was the iShares iBonds Dec 2034 Term Corporate ETF (IBDZ), which attracted $54 million in inflows. On the outflow side, the iShares iBonds Dec 2026 Term Corporate ETF (IBDR) and the Invesco BulletShares 2026 Corporate Bond ETF (BSCQ) saw the largest redemptions, shedding -$81 million and -$18 million, respectively.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| IBDZ | iShares iBonds Dec 2034 Term Corporate ETF | $54M |
| MYCH | State Street My2028 Corporate Bond ETF | $45M |
| BSCR | Invesco BulletShares 2027 Corporate Bond ETF | $30M |
| BSCS | Invesco BulletShares 2028 Corporate Bond ETF | $25M |
| BSCV | Invesco BulletShares 2031 Corporate Bond ETF | $23M |
| Outflows | ||
| IBDR | iShares iBonds Dec 2026 Term Corporate ETF | -$81M |
| BSCQ | Invesco BulletShares 2026 Corporate Bond ETF | -$18M |
| BSJQ | Invesco BulletShares 2026 High Yield Corp Bond ETF | -$16M |
| IBHF | iShares iBonds 2026 Term High Yield and Income ETF | -$9M |
| BSMQ | Invesco BulletShares 2026 Municipal Bond ETF | -$7M |
Issuer League Table Update
The issuer landscape remains heavily concentrated, with the top two issuers by market share—iShares and Invesco—commanding 57.72% and 40.10% of the channel’s AUM, respectively. In terms of weekly flow momentum, Invesco led the pack by gathering $153 million in new assets. Conversely, Simplify experienced the largest outflows among issuers this week, shedding -$18 million.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| iShares | 47 | $39.51B | 57.72% |
| Invesco | 28 | $27.45B | 40.10% |
| Quadratic | 1 | $0.49B | 0.72% |
| State Street | 14 | $0.34B | 0.49% |
| Simplify | 2 | $0.22B | 0.32% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| Invesco | $153M |
| iShares | $69M |
| State Street | $53M |
| Outflows | |
| Simplify | -$18M |
| KraneShares | -$2M |
| Northern Trust | -$1M |
For a deeper dive into these trends, access our FREE, in-depth FI: Specialty 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.
