Weekly Channel Summary
The Synthetic Income ETF channel now commands a total of $160.0 billion in assets under management across 270 ETFs from 58 different issuers. This past week, the channel saw net inflows of $934 million, contributing to a year-to-date flow of $57.41 billion. Over the past year, the channel has attracted a total of $70.50 billion in new assets.
This Week’s Performance Leaders and Laggards
This week’s performance was largely driven by commodity-linked strategies, particularly those tied to precious metals which saw significant gains. On the other end of the spectrum, cryptocurrency-focused products faced substantial headwinds, with Bitcoin-related ETFs experiencing the most significant declines across the board.
Top & Bottom 5 ETFs by Weekly Performance
The standout performer this week was the Simplify Gold Strategy PLUS Income ETF (YGLD), which posted an impressive 8.88% return. Conversely, the week’s biggest laggards were the Simplify Bitcoin Strategy PLUS Income ETF (MAXI) and the Amplify Bitcoin Max Income Covered Call ETF (BAGY), which declined by -11.84% and -9.02% respectively, highlighting a tough week for digital asset income strategies.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| YGLD | Simplify Gold Strategy PLUS Income ETF | 8.88% |
| CHPY | YieldMax Semiconductor Portfolio Option Income ETF | 6.13% |
| SOXY | YieldMax Target 12 Semiconductor Option Income ETF | 5.39% |
| KGLD | Kurv Gold Enhanced Income ETF | 5.23% |
| IGLD | FT Vest Gold Strategy Target Income ETF | 3.79% |
| Bottom Performers | ||
| BITK | Tuttle Capital IBIT ODTE Covered Call ETF | -8.70% |
| BTCC | Grayscale Bitcoin Covered Call ETF | -8.77% |
| BPI | Grayscale Bitcoin Premium Income ETF | -8.94% |
| BITY | Amplify Bitcoin 2% Monthly Option Income ETF | -8.96% |
| MAXI | Simplify Bitcoin Strategy PLUS Income ETF | -11.84% |
Analyzing the Weekly Flows
The Synthetic Income channel attracted $934 million in net flows this week. The dominant category for inflows was Synthetic Income – Equity, which pulled in $434 million and holds a commanding $139.2 billion in AUM. The Synthetic Income – Single Stock category also saw significant interest, gathering $389 million. All categories experienced positive flows this week, indicating broad investor demand for income-generating strategies.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Synthetic Income – Equity | 147 | $139,248M | $434M | $3,701M | $13,028M | $41,272M | $50,958M |
| Synthetic Income – Single Stock | 76 | $13,320M | $389M | $1,073M | $3,690M | $12,887M | $15,913M |
| Synthetic Income – Crypto | 16 | $1,720M | $53M | $288M | $972M | $1,661M | $1,816M |
| Synthetic Income – Commodity | 10 | $1,375M | $28M | $144M | $332M | $504M | $579M |
| Synthetic Income – Fixed Income | 18 | $4,132M | $24M | $175M | $501M | $1,047M | $1,190M |
| Synthetic Income – Multi-Asset | 3 | $188M | $6M | $13M | $15M | $38M | $47M |
Top & Bottom 5 ETFs by 5-Day Flow
The top ETF for inflows this week was the NEOS Nasdaq 100 High Income ETF (QQQI), which attracted an impressive $220 million. On the outflows side, the JPMorgan Equity Premium Income ETF (JEPI) saw the largest redemption with -$207 million, followed by the Global X NASDAQ 100 Covered Call ETF (QYLD) with -$100 million in outflows.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| QQQI | NEOS Nasdaq 100 High Income ETF | $220M |
| WPAY | Roundhill WeeklyPay Universe ETF | $92M |
| SPYI | NEOS S&P 500 High Income ETF | $86M |
| GPIX | Goldman Sachs S&P 500 Premium Income ETF | $67M |
| DIVO | Amplify CWP Enhanced Dividend Income ETF | $40M |
| Outflows | ||
| JEPI | JPMorgan Equity Premium Income ETF | -$207M |
| QYLD | Global X NASDAQ 100 Covered Call ETF | -$100M |
| JEPQ | JPMorgan NASDAQ Equity Premium Income ETF | -$94M |
| XDTE | Roundhill S&P 500 ODTE Covered Call Strategy ETF | -$30M |
| XYLD | Global X S&P 500 Covered Call ETF | -$18M |
Issuer League Table Update
JPMorgan continues to dominate the issuer landscape, holding a substantial 44.64% market share, followed by YieldMax with 10.54%. In terms of weekly flows, Neos was the leader, gathering $367 million in new assets. Among the top issuers, JPMorgan experienced the largest outflows this week, shedding -$301 million.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| JPMorgan | 3 | $71.43B | 44.64% |
| YieldMax | 57 | $16.86B | 10.54% |
| Neos | 13 | $14.19B | 8.87% |
| Global X | 15 | $12.80B | 8.00% |
| FT Vest | 11 | $7.40B | 4.63% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| Neos | $367M |
| YieldMax | $277M |
| Roundhill | $216M |
| Outflows | |
| Simplify | -$6M |
| Global X | -$125M |
| JPMorgan | -$301M |
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.
