Weekly Channel Summary
The Synthetic Income ETF channel currently tracks 355 ETFs across 66 issuers, representing a Total AUM of $176B. The channel continues to see solid traction, pulling in $1.21B in 5-Day flows. Looking at broader timeframes, the channel has accumulated $18.85B in YTD flows and a massive $71.57B in 1-Year flows.
This Week’s Performance Leaders and Laggards
The weekly performance landscape was a mixed bag, with precious metals driving top returns while cryptocurrency strategies largely struggled. Gold and silver mining option strategies dominated the upside, whereas Bitcoin and broader crypto income strategies took significant hits.
Top & Bottom 5 ETFs by Weekly Performance
The single best-performing ETF this week was the Roundhill Gold Miners WeeklyPay ETF (GDXW), delivering a stellar WTD return of 8.37%. On the negative side, the two worst-performing funds were the Nicholas Crypto Income ETF (BLOX) and the FT Vest Bitcoin Strategy & Target Income ETF (DFII), dropping -8.32% and -8.09% respectively.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top 5 Performers | ||
| GDXW | Roundhill Gold Miners WeeklyPay ETF | 8.37% |
| GDXY | YieldMax Gold Miners Option Income Strategy ETF | 6.58% |
| SLVX | Nicholas Silver Income ETF | 6.48% |
| SLJY | Amplify SILJ Junior Silver Miners Covered Call ETF | 6.43% |
| MINY | YieldMax Strategic Metals & Mining Portfolio Option Income ETF | 5.06% |
| Bottom 5 Performers | ||
| BLOX | Nicholas Crypto Income ETF | -8.32% |
| DFII | FT Vest Bitcoin Strategy & Target Income ETF | -8.09% |
| MAXI | Simplify Bitcoin Strategy PLUS Income ETF | -7.53% |
| YGLD | Simplify Gold Strategy PLUS Income ETF | -7.39% |
| XBCI | NEOS Boosted Bitcoin High Income ETF | -7.07% |
Analyzing the Weekly Flows
The overall channel posted a strong net flow of $1,206M for the week. The Synthetic Income – Equity category was the overwhelming driver, absorbing $1,091M in new assets and expanding its AUM to $159,687M. The Synthetic Income – Single Stock category also experienced significant demand, capturing $71M. On the flip side, the Synthetic Income – Commodity segment was the sole category to bleed assets, facing outflows of -$27M.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Synthetic Income – Equity | 186 | $159,687M | $1,091M | $5,683M | $18,848M | $17,872M | $55,097M |
| Synthetic Income – Single Stock | 104 | $7,458M | $71M | $269M | -$658M | -$522M | $11,196M |
| Synthetic Income – Crypto | 22 | $1,460M | $46M | $121M | $352M | $354M | $2,052M |
| Synthetic Income – Fixed Income | 21 | $5,084M | $23M | $188M | $469M | $472M | $1,714M |
| Synthetic Income – Multi-Asset | 5 | $367M | $2M | $9M | $175M | $173M | $210M |
| Synthetic Income – Commodity | 15 | $2,070M | -$27M | $82M | $535M | $492M | $1,295M |
Top & Bottom 5 ETFs by 5-Day Flow
At the fund level, the JPMorgan NASDAQ Equity Premium Income ETF (JEPQ) topped the charts with a massive $427M in net inflows. Conversely, the largest redemptions were concentrated in Goldman Sachs products, with the Goldman Sachs Nasdaq-100 Premium Income ETF (GPIQ) and the Goldman Sachs S&P 500 Premium Income ETF (GPIX) bleeding -$80M and -$79M respectively.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Top 5 Inflows | ||
| JEPQ | JPMorgan NASDAQ Equity Premium Income ETF | $427M |
| JEPI | JPMorgan Equity Premium Income ETF | $281M |
| QQQI | NEOS Nasdaq 100 High Income ETF | $100M |
| DIVO | Amplify CWP Enhanced Dividend Income ETF | $76M |
| QYLD | Global X NASDAQ 100 Covered Call ETF | $46M |
| Bottom 5 Outflows | ||
| GPIQ | Goldman Sachs Nasdaq-100 Premium Income ETF | -$80M |
| GPIX | Goldman Sachs S&P 500 Premium Income ETF | -$79M |
| IGLD | FT Vest Gold Strategy Target Income ETF | -$23M |
| XDTE | Roundhill S&P 500 0DTE Covered Call Strategy ETF | -$22M |
| GRNI | Fundstrat Granny Shots US Large Cap & Income ETF | -$12M |
Issuer League Table Update
The issuer landscape remains highly concentrated at the top. JPMorgan maintains a dominant market share of 43.95%, followed by Neos at 12.48%. JPMorgan also extended its lead by gathering the most weekly inflows at $708M. While all top 5 issuers successfully attracted capital this week, Global X (the 3rd largest issuer) has faced structural outflows over the last 30 days (-$12M). Notably, Goldman Sachs (a top 10 issuer) saw the most severe recent penalty from investors, experiencing -$159M in 5-day outflows.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| JPMorgan | 3 | $77.42B | 43.95% |
| Neos | 18 | $21.99B | 12.48% |
| Global X | 16 | $12.73B | 7.22% |
| YieldMax | 62 | $8.64B | 4.91% |
| Amplify | 14 | $8.32B | 4.73% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Top 3 Inflows | |
| JPMorgan | $708M |
| Neos | $243M |
| Amplify | $79M |
| Bottom 3 Outflows | |
| Goldman Sachs | -$159M |
| Roundhill | -$20M |
| Fundstrat | -$12M |
For a deeper dive into these trends, access our FREE, in-depth 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.
