Weekly Channel Summary
The Synthetic Income ETF channel continues to showcase steady expansion and robust asset gathering. As of the latest week, the landscape boasts a formidable Total Assets Under Management (AUM) of $178 billion, spread across 353 distinct ETFs managed by 66 different issuers. Over the past five trading days, the channel secured +$1.41 billion in net flows. This recent capital influx builds on strong longer-term momentum, pushing Year-To-Date (YTD) flows to +$15.68 billion and trailing 1-Year flows to an impressive +$70.49 billion.
This Week’s Performance Leaders and Laggards
The weekly performance landscape revealed a wide dispersion in returns, influenced by movements in underlying asset classes. The single best-performing product for the week was the Defiance Oil Enhanced Options Income ETF (USOY), which surged by +10.39%, capitalizing heavily on strength in the energy sector. Conversely, strategies tied to precious metals struggled the most. The two worst-performing ETFs this week were the Roundhill Gold Miners WeeklyPay ETF (GDXW) with a decline of -9.72%, followed by the YieldMax Gold Miners Option Income Strategy ETF (GDXY), which fell -6.67%.
Top & Bottom 5 ETFs by Weekly Performance
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top 5 Performers | ||
| USOY | Defiance Oil Enhanced Options Income ETF | +10.39% |
| IETH | Bitwise Ethereum Option Income Strategy ETF | +8.87% |
| ETCO | Grayscale Ethereum Covered Call ETF | +8.59% |
| ULTI | REX IncomeMax Option Strategy ETF | +7.99% |
| EHY | Amplify Ethereum Max Income Covered Call ETF | +7.29% |
| Bottom 5 Performers | ||
| GDXW | Roundhill Gold Miners WeeklyPay ETF | -9.72% |
| GDXY | YieldMax Gold Miners Option Income Strategy ETF | -6.67% |
| GLDN | Nicholas Gold Income ETF | -6.18% |
| SLVX | Nicholas Silver Income ETF | -6.18% |
| NUGY | GraniteShares YieldBOOST Gold Miners ETF | -5.91% |
Analyzing the Weekly Flows
The Synthetic Income channel attracted +$1,410 million in net new assets over the 5-day period. Capitalizing on its sheer scale, the Synthetic Income – Equity category garnered the most significant inflows, taking in +$1,257 million across a massive $161,031 million AUM base. The Synthetic Income – Single Stock category also experienced a notable week, bringing in +$59 million in positive momentum. Every primary category remained in positive territory or flat, with the Synthetic Income – Multi-Asset category ranking lowest by taking in $0 million.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Synthetic Income – Equity | 180 | $161,031M | +$1,257M | +$5,688M | +$18,933M | +$15,111M | +$54,111M |
| Synthetic Income – Single Stock | 104 | $7,703M | +$59M | -$36M | -$1,009M | -$759M | +$11,201M |
| Synthetic Income – Fixed Income | 21 | $5,013M | +$40M | +$164M | +$451M | +$381M | +$1,661M |
| Synthetic Income – Commodity | 15 | $2,346M | +$33M | +$201M | +$640M | +$482M | +$1,299M |
| Synthetic Income – Crypto | 22 | $1,425M | +$20M | +$83M | +$393M | +$272M | +$1,991M |
| Synthetic Income – Multi-Asset | 5 | $371M | $0M | +$10M | +$181M | +$172M | +$210M |
Top & Bottom 5 ETFs by 5-Day Flow
At the product level, the JPMorgan Equity Premium Income ETF (JEPI) crushed the competition, absorbing a massive +$528 million in new assets. On the other end of the spectrum, the two funds facing the steepest asset drain were the Global X NASDAQ 100 Covered Call ETF (QYLD) shedding -$100 million, and its sibling, the Global X S&P 500 Covered Call ETF (XYLD), which saw -$51 million in outflows.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Top 5 Inflows | ||
| JEPI | JPMorgan Equity Premium Income ETF | +$528M |
| QQQI | NEOS Nasdaq 100 High Income ETF | +$214M |
| JEPQ | JPMorgan NASDAQ Equity Premium Income ETF | +$194M |
| SPYI | NEOS S&P 500 High Income ETF | +$84M |
| DIVO | Amplify CWP Enhanced Dividend Income ETF | +$69M |
| Bottom 5 Outflows | ||
| QYLD | Global X NASDAQ 100 Covered Call ETF | -$100M |
| XYLD | Global X S&P 500 Covered Call ETF | -$51M |
| BUYW | Main BuyWrite ETF | -$12M |
| ACIO | Aptus Collared Investment Opportunity ETF | -$9M |
| GLDI | UBS AG ETRACS Gold Shares Covered Call ETNs | -$8M |
Issuer League Table Update
Within the issuer hierarchy, JPMorgan and Neos maintain a commanding lead over the market, holding 43.94% and 12.28% of the AUM market share, respectively. This dominance was reinforced this week as JPMorgan successfully gathered the most in overall weekly inflows (+$722 million). Conversely, Global X—which sits comfortably inside the top 5 issuers by AUM—endured a tough week, recording the largest capital outflows across the entire board at -$147 million.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| JPMorgan | 3 | $78.17B | 43.94% |
| Neos | 18 | $21.84B | 12.28% |
| Global X | 16 | $12.99B | 7.30% |
| YieldMax | 61 | $9.02B | 5.07% |
| FT Vest | 11 | $8.36B | 4.70% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Top 3 Inflows | |
| JPMorgan | +$722M |
| Neos | +$416M |
| YieldMax | +$98M |
| Bottom 3 Outflows | |
| Global X | -$147M |
| Main Funds | -$12M |
| ETRACS | -$8M |
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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.
