Weekly Channel Summary
The Currency ETF channel currently manages $2,259 million in assets across 15 ETFs from 4 issuers. For the week ending January 9, 2026, the channel experienced a total net outflow of $32 million. This activity represents the entirety of the Year-to-Date (YTD) flow activity, while the channel maintains a positive trajectory over the past year with $216 million in total net inflows.
This Week’s Performance Leaders and Laggards
Performance was mixed this week, led by the Short: Yen category which returned 1.40% WTD. The Long | Short: Multi category also showed strength with a 0.81% gain. On the downside, the Long: CHF category was the primary laggard, dropping 1.36% for the week. Most categories have started the year in the red, with the Long: CAD category sitting at a -1.31% YTD return.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Short: Yen | 1.40% | 1.93% | 8.54% | 20.97% | 1.68% | 6.97% |
| Long | Short: Multi | 0.81% | -2.79% | 2.30% | 8.34% | 0.97% | — |
| Long: USD | 0.76% | 0.24% | 0.83% | 4.10% | 0.87% | -3.60% |
| Long: Emerging | 0.04% | 1.64% | 3.01% | 4.57% | 0.22% | 13.94% |
| Long: AUD | -0.09% | 0.63% | 2.01% | 2.78% | 0.20% | 8.86% |
| Long: EUR | -0.28% | 0.16% | 0.54% | 0.49% | -0.25% | 6.96% |
| Long: GBP | -0.56% | 1.09% | 1.21% | -0.12% | -0.19% | 11.41% |
| Short: USD | -0.68% | 0.21% | 0.85% | -0.83% | -0.77% | 11.89% |
| Long: Yen | -1.08% | -1.19% | -5.26% | -12.04% | -1.16% | -2.92% |
| Long: CAD | -1.19% | -0.33% | 0.85% | -1.23% | -1.31% | 4.08% |
| Long: CHF | -1.36% | 0.68% | 0.27% | -1.07% | -1.13% | 13.22% |
Top & Bottom 5 ETFs by Weekly Performance
The single best-performing ETF this week was the ProShares UltraShort Euro (EUO), which climbed 1.51%. Conversely, the two worst-performing ETFs were the ProShares Ultra Euro (ULE) and the Invesco CurrencyShares Swiss Franc Trust (FXF), falling 1.43% and 1.36%, respectively.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| EUO | ProShares UltraShort Euro | 1.51% |
| YCS | ProShares UltraShort Yen | 1.40% |
| UUP | Invesco DB US Dollar Index Bullish Fund | 0.81% |
| FOXY | Simplify Currency Strategy ETF | 0.81% |
| USDU | WisdomTree Bloomberg US Dollar Bullish Fund | 0.71% |
| Bottom Performers | ||
| ULE | ProShares Ultra Euro | -1.43% |
| FXF | Invesco CurrencyShares Swiss Franc Trust | -1.36% |
| YCL | ProShares Ultra Yen | -1.33% |
| FXC | Invesco CurrencyShares Canadian Dollar Trust | -1.19% |
| FXE | Invesco CurrencyShares Euro Trust | -0.93% |
Analyzing the Weekly Flows
The Currency ETF channel saw a total net outflow of $32 million this week. Defying the broader trend, the Long: CAD category received the most net inflows with $7 million, bringing its total AUM to $81 million. The Long | Short: Multi category also saw significant activity with $4 million in weekly inflows. Conversely, the Long: USD category experienced the largest exit, seeing $27 million in weekly outflows.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Long: CAD | 1 | $81M | $7M | $4M | ($10M) | $7M | $18M |
| Long | Short: Multi | 1 | $57M | $4M | ($2M) | $33M | $4M | $58M |
| Long: AUD | 1 | $86M | $0M | $7M | $10M | $0M | $19M |
| Long: CHF | 1 | $393M | $0M | $0M | $0M | $0M | $228M |
| Long: Emerging | 1 | $13M | $0M | $2M | $4M | $0M | $6M |
| Long: GBP | 1 | $78M | $0M | ($13M) | ($6M) | $0M | $19M |
| Short: Yen | 1 | $36M | $0M | ($3M) | $2M | $0M | $6M |
| Short: USD | 1 | $138M | ($4M) | $0M | ($17M) | ($4M) | $81M |
| Long: Yen | 2 | $517M | ($6M) | ($1M) | ($16M) | ($6M) | $96M |
| Long: EUR | 3 | $455M | ($7M) | ($23M) | ($55M) | ($7M) | $211M |
| Long: USD | 2 | $405M | ($27M) | ($87M) | $91M | ($27M) | ($524M) |
Top & Bottom 5 ETFs by 5-Day Flow
The top ETF for net inflows was the Invesco CurrencyShares Canadian Dollar Trust (FXC), which gathered $7 million. On the other end, the Invesco DB US Dollar Index Bullish Fund (UUP) and the WisdomTree Bloomberg US Dollar Bullish Fund (USDU) saw the largest outflows of $19 million and $8 million, respectively.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| FXC | Invesco CurrencyShares Canadian Dollar Trust | $7M |
| FOXY | Simplify Currency Strategy ETF | $4M |
| CEW | WisdomTree Emerging Currency Strategy Fund | $0M |
| FXA | Invesco CurrencyShares Australian Dollar Trust | $0M |
| FXB | Invesco CurrencyShares British Pound Sterling Trust | $0M |
| Outflows | ||
| UUP | Invesco DB US Dollar Index Bullish Fund | ($19M) |
| USDU | WisdomTree Bloomberg US Dollar Bullish Fund | ($8M) |
| FXY | Invesco Currencyshares Japanese Yen Trust | ($6M) |
| FXE | Invesco CurrencyShares Euro Trust | ($5M) |
| UDN | Invesco DB US Dollar Index Bearish Fund | ($4M) |
Issuer League Table Update
Invesco and WisdomTree remain the dominant players in the currency space, holding 82.53% and 9.42% of the market share, respectively. This week, Simplify was the standout performer among issuers, gathering $4 million in net inflows. Meanwhile, the channel leader, Invesco, saw the largest outflows, losing $27 million in weekly assets.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| Invesco | 8 | $1.86B | 82.53% |
| WisdomTree | 2 | $0.21B | 9.42% |
| ProShares | 4 | $0.12B | 5.51% |
| Simplify | 1 | $0.06B | 2.54% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| Simplify | $4M |
| Outflows | |
| ProShares | -$1M |
| WisdomTree | -$8M |
| Invesco | -$27M |
For a deeper dive into these trends, access our FREE, in-depth Currency 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.
