Weekly Channel Summary
The Synthetic Income channel continues to show remarkable scale and momentum, closing the week with a massive $174B in total Assets Under Management (AUM) across 332 ETFs and 65 unique issuers. The landscape saw healthy activity this week with net inflows of $1.11B over the past 5 days. This contributes to a robust Year-to-Date (YTD) flow of $5.39B, maintaining a strong trajectory following a staggering $71.24B in net new money gathered over the past year.
This Week’s Performance Leaders and Laggards
Performance this week was sharply bifurcated, driven by explosive gains in precious metals-linked strategies which countered significant weakness in the digital asset space. While broader equity synthetic income funds remained relatively stable, those tracking silver and gold miners delivered double-digit returns, while Ethereum-linked products faced heavy selling pressure.
Top & Bottom 5 ETFs by Weekly Performance
The clear standout this week was the Kurv Silver Enhanced Income ETF (KSLV), which surged 16.16%. Conversely, the digital asset segment struggled significantly, led by the Defiance Leveraged Long Income Ethereum ETF (ETHI) falling -20.06% and the Amplify Solana 3% Monthly Option Income ETF (SOLM) which dropped -10.85%.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| KSLV | Kurv Silver Enhanced Income ETF | 16.16% |
| SLJY | Amplify SILJ Covered Call ETF | 12.77% |
| YGLD | Simplify Gold Strategy PLUS Income ETF | 12.22% |
| GDXW | Roundhill Gold Miners WeeklyPay ETF | 11.90% |
| GLDW | Roundhill Gold WeeklyPay ETF | 10.35% |
| Bottom Performers | ||
| ETHI | Defiance Leveraged Long Income Ethereum ETF | -20.06% |
| SOLM | Amplify Solana 3% Monthly Option Income ETF | -10.85% |
| YETH | Roundhill Ether Covered Call Strategy ETF | -10.37% |
| ETCO | Grayscale Ethereum Covered Call ETF | -10.35% |
| ETTY | Amplify Ethereum 3% Monthly Option Income ETF | -9.72% |
Analyzing the Weekly Flows
Flow activity this week remained concentrated in the Equity segment, which pulled in $991M in net new assets, bringing its total category AUM to over $155B. Synthetic Income – Crypto also saw positive momentum with $81M in weekly inflows despite the negative price action. On the flip side, the Synthetic Income – Single Stock category experienced the largest withdrawal of capital, seeing net outflows of $108M.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Synthetic Income – Equity | 169 | $155,431M | $991M | $6,618M | $5,011M | $51,972M |
| Synthetic Income – Crypto | 22 | $1,959M | $81M | $229M | $175M | $2,617M |
| Synthetic Income – Commodity | 12 | $1,973M | $74M | $179M | $158M | $1,006M |
| Synthetic Income – Fixed Income | 18 | $4,671M | $65M | $110M | $92M | $1,678M |
| Synthetic Income – Multi-Asset | 5 | $355M | $1M | $150M | $147M | $186M |
| Synthetic Income – Single Stock | 104 | $9,650M | ($108M) | ($366M) | ($205M) | $13,766M |
Top & Bottom 5 ETFs by 5-Day Flow
NEOS Nasdaq 100 High Income ETF (QQQI) dominated the leaderboard this week, securing $406M in inflows. Conversely, the JPMorgan NASDAQ Equity Premium Income ETF (JEPQ) and Roundhill WeeklyPay Universe ETF (WPAY) faced the heaviest outflows, shedding $446M and $29M respectively.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| QQQI | NEOS Nasdaq 100 High Income ETF | $406M |
| SPYI | NEOS S&P 500 High Income ETF | $197M |
| JEPI | JPMorgan Equity Premium Income ETF | $113M |
| GPIQ | Goldman Sachs Nasdaq-100 Premium Income ETF | $70M |
| GPIX | Goldman Sachs S&P 500 Premium Income ETF | $67M |
| Outflows | ||
| JEPQ | JPMorgan NASDAQ Equity Premium Income ETF | ($446M) |
| WPAY | Roundhill WeeklyPay Universe ETF | ($29M) |
| KNG | FT Vest S&P 500 Dividend Aristocrats Target Income ETF | ($15M) |
| HYGW | iShares High Yield Corporate Bond BuyWrite Strategy ETF | ($15M) |
| USDX | SGI Enhanced Core ETF | ($14M) |
Issuer League Table Update
JPMorgan remains the undisputed leader in market share, controlling nearly 44% of the channel’s assets. However, Neos emerged as the week’s flow champion, gathering $774M in net inflows. JPMorgan, despite its massive scale, saw the largest weekly outflow among top-tier issuers, with $333M exiting their synthetic income suite.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| JPMorgan | 3 | $76.47B | 43.93% |
| Neos | 15 | $19.40B | 11.15% |
| Global X | 14 | $13.25B | 7.61% |
| YieldMax | 60 | $10.78B | 6.19% |
| FT Vest | 11 | $8.20B | 4.71% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| Neos | $774M |
| Goldman Sachs | $137M |
| Amplify | $84M |
| Outflows | |
| JPMorgan | -$333M |
| Roundhill | -$79M |
| YieldMax | -$26M |
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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.
