Weekly Channel Summary
The FI: Taxable ETF channel currently features 689 ETFs across 141 brands, amassing an impressive total AUM of $2.20 trillion. Over the past week, the channel attracted a robust $6.69 billion in net new money, reinforcing a strong year-to-date inflow trend of $176.52 billion and an extraordinary 1-year flow total reaching nearly $455.92 billion.
This Week’s Performance Leaders and Laggards
This week, the Inflation Protected and Convertible categories led the pack, recording positive WTD returns of 0.30% and 0.27% respectively, bolstering their already strong year-to-date figures. Conversely, the International segment lagged behind, dropping -0.87% over the past 5 days, closely followed by Emerging markets at -0.64%.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Inflation Protected | 0.30% | 1.53% | 1.39% | 1.01% | 1.69% | 4.78% |
| Convertible | 0.27% | 7.94% | 8.29% | 11.86% | 13.86% | 45.40% |
| Bank Loans | 0.14% | 1.43% | -0.25% | 1.41% | 0.23% | 5.76% |
| Ultrashort | 0.08% | 0.55% | 0.85% | 2.06% | 1.20% | 5.19% |
| Government Ultrashort | 0.07% | 0.36% | 0.87% | 1.82% | 1.09% | 3.99% |
| Preferred Stock | 0.07% | 2.61% | 0.22% | 1.70% | 1.71% | 9.42% |
| Short-Term | -0.06% | 0.87% | 0.63% | 1.50% | 0.82% | 5.22% |
| Government Short | -0.08% | 0.62% | 0.58% | 1.13% | 0.56% | 3.74% |
| High Yield | -0.15% | 1.94% | 0.57% | 2.19% | 1.30% | 8.70% |
| Securitized | -0.16% | 1.13% | 0.86% | 1.75% | 1.18% | 6.66% |
| Multisector Taxable | -0.21% | 1.61% | 0.39% | 1.27% | 0.93% | 6.75% |
| Corporate | -0.24% | 1.60% | 0.34% | 0.31% | 0.64% | 6.84% |
| Core | -0.24% | 1.18% | 0.49% | 0.58% | 0.66% | 5.53% |
| Core Enhanced | -0.24% | 1.36% | 0.50% | 0.80% | 0.81% | 6.21% |
| International USD | -0.27% | 0.91% | 0.43% | 0.20% | 0.55% | 2.31% |
| Government Intermediate | -0.28% | 0.98% | 0.40% | 0.17% | 0.23% | 3.97% |
| Long-Term | -0.43% | 1.96% | -0.29% | -1.47% | 0.46% | 7.18% |
| Emerging USD | -0.44% | 2.93% | 1.12% | 3.26% | 1.64% | 12.60% |
| Government Long | -0.47% | 1.20% | -0.22% | -2.67% | 0.08% | 2.94% |
| Emerging | -0.64% | 2.81% | 0.70% | 3.90% | 1.76% | 12.09% |
| International | -0.87% | 1.87% | -0.25% | 0.93% | 0.43% | 3.77% |
Top & Bottom 5 ETFs by Weekly Performance
Calamos Convertible Equity Alternative ETF (CVRT) secured the top spot with a 0.96% WTD return, driving its YTD growth past 25%. On the other end of the spectrum, Virtus Private Credit Strategy ETF (VPC) and WisdomTree Emerging Markets Local Debt Fund (ELD) experienced the steepest declines, shedding -2.39% and -1.47%, respectively.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| CVRT | Calamos Convertible Equity Alternative ETF | 0.96% |
| TFFI | Chesapeake Trend-Following Fixed Income ETF | 0.85% |
| BCLO | iShares BBB-B CLO Active ETF | 0.78% |
| JBBB | Janus Henderson B-BBB CLO ETF | 0.76% |
| PFXF | VanEck Preferred Securities ex Financials ETF | 0.61% |
| Bottom Performers | ||
| VPC | Virtus Private Credit Strategy ETF | -2.39% |
| ELD | WisdomTree Emerging Markets Local Debt Fund | -1.47% |
| IBND | SPDR Bloomberg International Corporate Bond ETF | -1.42% |
| FEMB | First Trust Emerging Markets Local Currency Bond ETF | -1.38% |
| EMLC | VanEck J. P. Morgan EM Local Currency Bond ETF | -1.35% |
Analyzing the Weekly Flows
The FI: Taxable channel gathered $6.69 billion this week, largely fueled by robust activity across Multi-Sector and Intermediate Duration strategies. Notably, the FI: Multi-Sector segment pulled in $3.16 billion, while Investment Grade credit and Intermediate duration funds attracted $3.81 billion and $3.99 billion, respectively. High Yield credit also saw an impressive $1.60 billion in inflows.
Flows by Segment
| Segment | Fund Count | AUM | 5 Day Flow | 30 Day Flow | 90 Day Flow | YTD Flow | 1 Year Flow |
|---|---|---|---|---|---|---|---|
| FI: Multi-Sector | 290 | $910.4B | $3,160M | $8,178M | $52,208M | $73,383M | $212,381M |
| FI: Government | 121 | $690.6B | $1,300M | $6,358M | $67,104M | $74,857M | $142,838M |
| FI: Corporate | 164 | $390.6B | $1,092M | $7,292M | $15,983M | $18,999M | $65,032M |
| FI: Bank Loans | 44 | $62.4B | $641M | $2,389M | $2,349M | $4,967M | $14,940M |
| FI: Securitized | 42 | $105.8B | $263M | $1,185M | $2,917M | $3,775M | $18,285M |
| FI: Preferred Stock | 27 | $40.6B | $230M | $284M | $495M | $504M | $2,373M |
| FI: Cat Bonds | 1 | $0.1B | $6M | $18M | $37M | $39M | $68M |
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 | 359 | $1,769.9B | $3,805M | $17,904M | $123,254M | $150,057M | $345,282M |
| Credit: High Yield | 153 | $184.2B | $1,600M | $4,222M | -$1,646M | -$1,030M | $29,534M |
| Credit: Blend | 175 | $246.1B | $1,281M | $3,564M | $19,453M | $27,465M | $80,963M |
| Specialty: Interest Rate Volatility | 1 | $0.0B | $0M | $2M | $2M | $2M | $2M |
Flows by Duration
| Duration | Fund Count | AUM | 5 Day Flow | 30 Day Flow | 90 Day Flow | YTD Flow | 1 Year Flow |
|---|---|---|---|---|---|---|---|
| Duration: Intermediate | 407 | $1,265.9B | $3,990M | $14,311M | $62,890M | $87,459M | $273,435M |
| Duration: Short | 86 | $289.3B | $1,158M | $4,089M | $17,181M | $20,872M | $50,711M |
| Duration: Long | 58 | $193.7B | $953M | $706M | $1,206M | -$479M | $10,329M |
| Duration: Ultrashort | 137 | $451.4B | $585M | $6,585M | $59,786M | $68,642M | $121,307M |
Top & Bottom 5 ETFs by 5-Day Flow
Vanguard Intermediate-Term Corporate Bond ETF (VCIT) led the individual ETF inflows, securing $910 million in new capital. The most significant outflows were seen in the iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) and the State Street SPDR Bloomberg 1-3 Month T-Bill ETF (BIL), which lost $1.44 billion and $677 million, respectively.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| VCIT | Vanguard Intermediate-Term Corporate Bond ETF | $910M |
| BND | Vanguard Total Bond Market ETF | $599M |
| SGOV | iShares 0-3 Month Treasury Bond ETF | $599M |
| TLT | iShares 20+ Year Treasury Bond ETF | $554M |
| USHY | iShares Broad USD High Yield Corporate Bond ETF | $493M |
| Outflows | ||
| LQD | iShares iBoxx $ Investment Grade Corporate Bond ETF | -$1,437M |
| BIL | State Street SPDR Bloomberg 1-3 Month T-Bill ETF | -$677M |
| SHV | iShares Trust iShares 0-1 Year Treasury Bond ETF | -$282M |
| QLTA | iShares Aaa-A Rated Corporate Bond ETF | -$175M |
| IQMM | ProShares GENIUS Money Market ETF | -$155M |
Issuer League Table Update
iShares and Vanguard continue to dominate market share, controlling 36.79% and 26.30% of the FI: Taxable space, respectively. Vanguard led the week’s asset gathering with an impressive $2.74 billion in net inflows, while ProShares faced the steepest outflow, losing $153 million over the past 5 days.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| iShares | 87 | $809.55B | 36.79% |
| Vanguard | 30 | $578.68B | 26.30% |
| SPDR | 38 | $170.03B | 7.73% |
| JPMorgan | 19 | $85.23B | 3.87% |
| Schwab | 12 | $73.80B | 3.35% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| Vanguard | $2,736M |
| iShares | $772M |
| PGIM | $508M |
| Outflows | |
| ProShares | -$153M |
| WisdomTree | -$144M |
| Xtrackers | -$75M |
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.
