Weekly Channel Summary
The FI: Specialty channel, composed of 14 issuers and 128 ETFs, currently holds $67.6B in total assets under management. This past week, the channel saw net inflows of $216M, contributing to a year-to-date (YTD) inflow of $13.88B. Over the past year, the channel has gathered $18.18B in new assets.
This Week’s Performance Leaders and Laggards
This week, “Fixed Income: Specialty – Interest Rate Volatility” was the best-performing category with a WTD return of 0.12%, though it remains down -1.41% YTD. The worst-performing category was “Fixed Income: Specialty – Maturing Ladder,” which posted a WTD return of -0.18%, though it holds a strong 6.43% return year-to-date.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Fixed Income: Specialty – Interest Rate Volatility | 0.12% | -0.50% | -1.74% | -2.27% | -1.41% | 1.81% |
| Fixed Income: Specialty – Defined Maturity | -0.01% | 0.23% | 1.58% | 3.75% | 5.74% | 5.67% |
| Fixed Income: Specialty – Maturing Ladder | -0.18% | 0.44% | 2.49% | 3.82% | 6.43% | 3.99% |
Top & Bottom 5 ETFs by Weekly Performance
The single best-performing ETF this week was the Simplify Interest Rate Hedge ETF (PFIX), which gained 1.42%. The worst-performing ETFs were the LifeX 2065 Inflation-Protected Longevity Income ETF (LIBD), down -0.81%, and the LifeX 2060 Inflation-Protected Longevity Income ETF (LIAU), down -0.67%.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| PFIX | Simplify Interest Rate Hedge ETF | 1.42% |
| RISR | FolioBeyond Alternative Income and Interest Rate Hedge ETF | 0.68% |
| RFIX | Simplify Bond Bull ETF | 0.45% |
| IVOL | KraneShares Quadratic Interest Rate Volatility and Inflation Hedge ETF | 0.26% |
| IBTL | iShares iBonds Dec 2031 Term Treasury ETF | 0.21% |
| Bottom Performers | ||
| LIBD | LifeX 2065 Inflation-Protected Longevity Income ETF | -0.81% |
| LIAU | LifeX 2060 Inflation-Protected Longevity Income ETF | -0.67% |
| HYKE | Vest 2 Year Interest Rate Hedge ETF | -0.64% |
| BNDD | Quadratic Deflation ETF | -0.62% |
| LIAM | LifeX 2055 Inflation-Protected Longevity Income ETF | -0.55% |
Analyzing the Weekly Flows
The channel attracted $216M in total net flows this week. The “Specialty Defined Maturity” category led the way, gathering $290M in new assets; this category now holds $66.5B in total AUM. The largest outflows came from the “Fixed Income: Specialty – Maturing Ladder” category, which saw $40M exit.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Specialty Defined Maturity | 98 | $66.5B | $290M | $1,273M | $4,493M | $13,638M | $17,986M |
| Specialty – Interest Rate Volatility | 10 | $0.9B | -$34M | -$3M | $105M | $143M | $97M |
| Fixed Income: Specialty – Maturing Ladder | 20 | $0.2B | -$40M | -$35M | -$128M | $101M | $102M |
Top & Bottom 5 ETFs by 5-Day Flow
At the fund level, the iShares iBonds Dec 2027 Term Treasury ETF (IBTH) led inflows, pulling in $42M. The largest outflows were seen in the iShares iBonds Dec 2025 Term Corporate ETF (IBDQ), which shed $74M, and the Invesco Bulletshares 2025 Corporate Bond ETF (BSCP), which saw $59M in outflows.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| IBTH | iShares iBonds Dec 2027 Term Treasury ETF | $42M |
| IBDT | iShares iBonds Dec 2028 Term Corporate ETF | $41M |
| IBDU | iShares iBonds Dec 2029 Term Corporate ETF | $37M |
| BSCS | Invesco BulletShares 2028 Corporate Bond ETF | $37M |
| IBDR | iShares iBonds Dec 2026 Term Corporate ETF | $33M |
| Outflows | ||
| IBDQ | iShares iBonds Dec 2025 Term Corporate ETF | -$74M |
| BSCP | Invesco Bulletshares 2025 Corporate Bond ETF | -$59M |
| IBTF | iShares iBonds Dec 2025 Term Treasury ETF | -$44M |
| LDDR | LifeX 2035 Income Bucket ETF | -$40M |
| IVOL | KraneShares Quadratic Interest Rate Volatility and Inflation Hedge ETF | -$28M |
Issuer League Table Update
The FI: Specialty channel remains concentrated, with iShares (57.12% market share) and Invesco (40.91% market share) dominating the space. This week, iShares also led in asset gathering, with $210M in inflows. Stone Ridge saw the largest weekly outflows, totaling $40M.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| iShares | 51 | $38.62B | 57.12% |
| Invesco | 31 | $27.66B | 40.91% |
| Quadratic | 1 | $0.43B | 0.64% |
| Simplify | 2 | $0.27B | 0.41% |
| SPDR | 16 | $0.22B | 0.33% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| iShares | $210M |
| Invesco | $79M |
| SPDR | $1M |
| Outflows | |
| Stone Ridge | -$40M |
| Quadratic | -$28M |
| FolioBeyond | -$5M |
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.
