Weekly Channel Summary
The Synthetic Income ETF channel remains one of the most dynamic segments of the market, currently boasting a total of 334 ETFs managed by 65 distinct issuers. As of February 6, 2026, the channel manages a massive $172 billion in total assets. Growth momentum continues to be robust, evidenced by $1.62 billion in net new money gathered over the past week alone. This contributing to a Year-to-Date (YTD) flow of $8.36 billion and a staggering one-year flow total of $70.59 billion, highlighting the sustained investor appetite for option-overlay and enhanced income strategies.
This Week’s Performance Leaders and Laggards
The performance landscape this week was defined by a sharp divide between traditional asset classes and digital assets. While gold-related income strategies surged, Ethereum and Solana-based synthetic income funds faced severe double-digit drawdowns following weakness in the underlying crypto markets.
Top & Bottom 5 ETFs by Weekly Performance
The top performer this week was the Simplify Gold Strategy PLUS Income ETF (YGLD), which gained 6.39%. On the opposite end of the spectrum, crypto-linked strategies dominated the laggards list, led by the Grayscale Ethereum Covered Call ETF (ETCO) with a decline of -27.84% and the Amplify Solana 3% Monthly Option Income ETF (SOLM) falling -24.01%.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| YGLD | Simplify Gold Strategy PLUS Income ETF | 6.39% |
| USG | USCF Gold Strategy Plus Income Fund ETF | 5.15% |
| SDVD | FT Vest SMID Rising Dividend Achievers Target Income ETF | 4.69% |
| DOGG | FT Vest DJIA Dogs 10 Target Income ETF | 4.11% |
| OVS | Overlay Shares Small Cap Equity ETF | 4.06% |
| Bottom Performers | ||
| ETCO | Grayscale Ethereum Covered Call ETF | -27.84% |
| SOLM | Amplify Solana 3% Monthly Option Income ETF | -24.01% |
| IETH | Bitwise Ethereum Option Income Strategy ETF | -23.22% |
| YETH | Roundhill Ether Covered Call Strategy ETF | -22.69% |
| NEHI | NEOS Ethereum High Income ETF | -21.59% |
Analyzing the Weekly Flows
Total net flows for the channel reached $1.607 billion this week, heavily concentrated in the Synthetic Income – Equity category. This segment alone captured $1.635 billion in weekly inflows, further cementing its dominance with over $156 billion in total AUM. Synthetic Income – Fixed Income also saw notable positive movement with $58 million in weekly flows, while the Synthetic Income – Single Stock category experienced the most significant pressure, posting outflows of $136 million.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Synthetic Income – Equity | 171 | $156,050M | $1,635M | $7,289M | $8,002M | $52,075M |
| Synthetic Income – Fixed Income | 18 | $4,753M | $58M | $192M | $197M | $1,749M |
| Synthetic Income – Commodity | 12 | $2,042M | $40M | $241M | $275M | $1,108M |
| Synthetic Income – Crypto | 21 | $1,440M | $5M | $214M | $218M | $2,572M |
| Synthetic Income – Multi-Asset | 5 | $362M | $5M | $133M | $158M | $196M |
| Synthetic Income – Single Stock | 102 | $7,754M | ($136M) | ($403M) | ($509M) | $12,869M |
Top & Bottom 5 ETFs by 5-Day Flow
Individual ETF demand was once again led by the JPMorgan NASDAQ Equity Premium Income ETF (JEPQ), which pulled in $350 million. Meanwhile, the YieldMax Universe Fund of Option Income ETFs (YMAX) and the Roundhill WeeklyPay Universe ETF (WPAY) saw the largest net outflows, shedding $40 million and $28 million, respectively.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| JEPQ | JPMorgan NASDAQ Equity Premium Income ETF | $350M |
| QQQI | NEOS Nasdaq 100 High Income ETF | $276M |
| SPYI | NEOS S&P 500 High Income ETF | $197M |
| JEPI | JPMorgan Equity Premium Income ETF | $172M |
| GPIQ | Goldman Sachs Nasdaq-100 Premium Income ETF | $98M |
| Outflows | ||
| YMAX | YieldMax Universe Fund of Option Income ETFs | ($40M) |
| WPAY | Roundhill WeeklyPay Universe ETF | ($28M) |
| QYLD | Global X NASDAQ 100 Covered Call ETF | ($22M) |
| AIPI | REX AI Equity Premium Income ETF | ($15M) |
| ACIO | Aptus Collared Investment Opportunity ETF | ($15M) |
Issuer League Table Update
JPMorgan continues to dominate the issuer landscape with a massive 44.29% market share, followed by Neos at 11.44%. Neos was the most successful in terms of gathering new assets this week, recording $605 million in weekly inflows. Among top-tier issuers, Global X saw the largest pressure within the top 5, recording weekly outflows of $29 million.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| JPMorgan | 3 | $76.36B | 44.29% |
| Neos | 18 | $19.73B | 11.44% |
| Global X | 14 | $12.96B | 7.51% |
| YieldMax | 60 | $9.08B | 5.27% |
| FT Vest | 11 | $8.44B | 4.89% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| Neos | $605M |
| JPMorgan | $531M |
| Goldman Sachs | $188M |
| Outflows | |
| YieldMax | -$89M |
| Roundhill | -$73M |
| Global X | -$29M |
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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.
