Weekly Channel Summary
Total AUM for the FI: Taxable channel stands at $2.15 Trillion across 675 ETFs from 139 issuers. Over the past 5 days, the channel saw strong net inflows totaling $13.06 billion. This recent momentum adds to a robust year-to-date haul of $136.89 billion, driving the 1-year flow figure to an impressive $434.09 billion.
This Week’s Performance Leaders and Laggards
The Convertible bond segment led the way this week with a solid 0.84% gain, pushing its YTD return to 3.45%. Conversely, Long-Term fixed income was the primary laggard, dropping -2.28% over the past 5 days, which dragged its YTD performance down to -1.51%.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Convertible | 0.84% | -1.67% | 2.44% | 3.09% | 3.45% | 32.55% |
| Bank Loans | 0.07% | -1.22% | -1.08% | -0.38% | -1.40% | 3.42% |
| Government Ultrashort | 0.04% | 0.21% | 0.85% | 1.88% | 0.66% | 4.05% |
| Ultrashort | -0.05% | -0.05% | 0.80% | 1.95% | 0.54% | 4.77% |
| Government Short | -0.25% | -0.37% | 0.50% | 1.34% | 0.22% | 4.10% |
| Short-Term | -0.43% | -0.60% | 0.51% | 1.42% | 0.17% | 4.99% |
| Inflation Protected | -0.51% | -0.37% | 0.76% | 0.41% | 0.69% | 4.53% |
| Securitized | -0.56% | -0.88% | 1.00% | 1.93% | 0.53% | 5.88% |
| International USD | -0.60% | -1.00% | 0.28% | 0.72% | -0.03% | 3.80% |
| High Yield | -0.70% | -1.28% | 0.05% | 0.86% | -0.48% | 6.75% |
| Government Intermediate | -0.76% | -1.24% | 0.27% | 0.61% | -0.08% | 4.31% |
| Multisector Taxable | -0.81% | -1.56% | 0.16% | 0.71% | -0.29% | 5.12% |
| Emerging USD | -0.89% | -2.01% | 0.41% | 2.49% | -0.19% | 9.76% |
| Core | -0.90% | -1.39% | 0.34% | 0.73% | -0.09% | 4.81% |
| Emerging | -0.91% | -2.42% | 0.49% | 2.29% | -0.34% | 9.99% |
| Core Enhanced | -0.92% | -1.47% | 0.36% | 0.76% | -0.09% | 5.11% |
| Preferred Stock | -0.94% | -1.80% | 0.11% | -0.07% | -0.15% | 5.63% |
| Corporate | -1.35% | -2.03% | -0.42% | -0.30% | -0.84% | 5.12% |
| International | -1.54% | -3.79% | -1.25% | -1.42% | -1.64% | 6.19% |
| Government Long | -2.01% | -2.97% | 0.05% | -1.41% | -0.40% | 0.74% |
| Long-Term | -2.28% | -3.55% | -1.00% | -1.96% | -1.51% | 3.66% |
Top & Bottom 5 ETFs by Weekly Performance
The single best-performing ETF this week was the Calamos Convertible Equity Alternative ETF (CVRT) at 1.50%. On the other end of the spectrum, the PIMCO 25+ Year Zero Coupon US Treasury Index Exchange-Traded Fund (ZROZ) and the iShares 25+ Year Treasury STRIPS Bond ETF (GOVZ) were the worst performers, falling -3.56% and -3.53% respectively.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| CVRT | Calamos Convertible Equity Alternative ETF | 1.50% |
| ICVT | iShares Convertible Bond ETF | 1.41% |
| BMAX | REX Bitcoin Corporate Treasury Convertible Bond ETF | 1.11% |
| CWB | State Street SPDR Bloomberg Convertible Securities ETF | 0.86% |
| RCLY | Reckoner BBB-B CLO Annual ETF | 0.80% |
| Bottom Performers | ||
| ZROZ | PIMCO 25+ Year Zero Coupon US Treasury Index Exchange-Traded Fund | -3.56% |
| GOVZ | iShares 25+ Year Treasury STRIPS Bond ETF | -3.53% |
| EDV | Vanguard Extended Duration Treasury ETF | -3.29% |
| VPC | Virtus Private Credit Strategy ETF | -3.07% |
| LKOR | FlexShares Credit-Scored US Long Corporate Bond Index Fund | -2.65% |
Analyzing the Weekly Flows
The FI: Taxable channel gathered $13.06 billion in net inflows this week. Government ETFs led the segments with $9.30 billion in new money, while Investment Grade credit dominated the credit type category with $15.66 billion. On the duration front, Ultrashort funds were the clear winners, attracting $7.16 billion. Conversely, High Yield credit experienced the most significant outflows across all tables, shedding $2.56 billion.
Flows by Segment
| Segment | Fund Count | AUM | 5 Day Flow | 30 Day Flow | 90 Day Flow | YTD Flow | 1 Year Flow |
|---|---|---|---|---|---|---|---|
| FI: Government | 118 | $673.4B | $9,295M | $42,724M | $64,729M | $57,739M | $149,987M |
| FI: Multi-Sector | 279 | $894.1B | $4,186M | $21,584M | $72,872M | $60,360M | $210,026M |
| FI: Securitized | 40 | $104.3B | $187M | $940M | $3,123M | $2,410M | $17,008M |
| FI: Cat Bonds | 1 | $0.1B | $4M | $7M | $24M | $17M | $51M |
| FI: Corporate | 164 | $381.8B | -$64M | $2,307M | $13,859M | $13,417M | $49,600M |
| FI: Preferred Stock | 25 | $40.1B | -$69M | $417M | $644M | $490M | $2,055M |
| FI: Bank Loans | 44 | $59.7B | -$486M | -$1,685M | $2,832M | $2,450M | $5,358M |
Flows by Credit Type
| Credit Type | Fund Count | AUM | 5 Day Flow | 30 Day Flow | 90 Day Flow | YTD Flow | 1 Year Flow |
|---|---|---|---|---|---|---|---|
| Credit: Investment Grade | 350 | $1,733.5B | $15,662M | $63,231M | $132,271M | $117,225M | $340,096M |
| Credit: Blend | 168 | $240.5B | -$49M | $8,277M | $28,119M | $23,153M | $78,181M |
| Credit: High Yield | 152 | $179.3B | -$2,560M | -$5,220M | -$2,326M | -$3,508M | $15,687M |
Flows by Duration
| Duration | Fund Count | AUM | 5 Day Flow | 30 Day Flow | 90 Day Flow | YTD Flow | 1 Year Flow |
|---|---|---|---|---|---|---|---|
| Duration: Ultrashort | 132 | $432.6B | $7,158M | $33,782M | $54,854M | $50,613M | $119,472M |
| Duration: Intermediate | 398 | $1,245.1B | $5,640M | $25,270M | $85,120M | $71,638M | $254,945M |
| Duration: Short | 84 | $280.5B | $1,160M | $4,230M | $16,348M | $13,681M | $49,178M |
| Duration: Long | 56 | $195.1B | -$905M | $3,006M | $1,742M | $937M | $10,369M |
Top & Bottom 5 ETFs by 5-Day Flow
The iShares U.S. Treasury Bond ETF (GOVT) was the clear leader for inflows, bringing in $3.45 billion. Conversely, the iShares JP Morgan USD Emerging Markets Bond ETF (EMB) and the iShares Broad USD High Yield Corporate Bond ETF (USHY) saw the largest outflows, shedding $1.60 billion and $745 million, respectively.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| GOVT | iShares U.S. Treasury Bond ETF | $3,449M |
| IQMM | ProShares GENIUS Money Market ETF | $2,627M |
| LQD | iShares iBoxx $ Investment Grade Corporate Bond ETF | $1,954M |
| SGOV | iShares 0-3 Month Treasury Bond ETF | $1,934M |
| BIL | State Street SPDR Bloomberg 1-3 Month T-Bill ETF | $1,044M |
| Outflows | ||
| EMB | iShares JP Morgan USD Emerging Markets Bond ETF | -$1,603M |
| USHY | iShares Broad USD High Yield Corporate Bond ETF | -$745M |
| JNK | State Street SPDR Bloomberg High Yield Bond ETF | -$635M |
| TLT | iShares 20+ Year Treasury Bond ETF | -$455M |
| TLH | iShares 10-20 Year Treasury Bond ETF | -$444M |
Issuer League Table Update
iShares and Vanguard maintain their dominance at the top of the issuer leaderboard, commanding 37.14% and 26.42% of the market share, respectively. iShares was also the top asset gatherer for the week with $5.27 billion in inflows, while Xtrackers experienced the largest weekly outflows at -$222 million.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| iShares | 87 | $799.88B | 37.14% |
| Vanguard | 30 | $568.94B | 26.42% |
| SPDR | 38 | $164.33B | 7.63% |
| JPMorgan | 19 | $82.48B | 3.83% |
| Schwab | 12 | $72.80B | 3.38% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| iShares | $5,266M |
| ProShares | $2,627M |
| Vanguard | $1,654M |
| Outflows | |
| Xtrackers | -$222M |
| Janus Henderson | -$145M |
| BondBloxx | -$108M |
For a deeper dive into these trends, access our FREE, in-depth Taxable 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.
