Weekly Channel Summary
The Currency ETF channel, comprised of 15 ETFs across 4 issuers, currently manages $2.77B in total Assets Under Management. Over the past week, the space experienced net outflows of -$62M. Despite recent near-term pressures, year-to-date flows remain solidly positive at $464M, helping to offset the 1-year outflow total of -$165M.
This Week’s Performance Leaders and Laggards
Short: Yen led the category performance this week with a Week-to-Date (WTD) return of 1.22%, bringing its YTD gain to an impressive 5.61%. Conversely, Long: Yen was the primary lagging category, dropping -1.08% WTD and extending its YTD decline to -3.35%.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Short: Yen | 1.22% | 1.23% | 6.36% | 12.78% | 5.61% | 34.02% |
| Long | Short: Multi | 0.72% | -0.82% | 7.15% | 8.41% | 10.89% | 23.66% |
| Long: USD | 0.48% | -0.67% | 1.72% | 1.32% | 1.15% | 3.41% |
| Long: CAD | -0.15% | 0.59% | 0.38% | 2.54% | 0.18% | 1.71% |
| Long: EUR | -0.28% | 0.50% | 0.12% | 0.82% | 0.21% | 2.22% |
| Short: USD | -0.40% | 1.12% | -0.57% | 1.21% | 0.27% | 2.45% |
| Long: GBP | -0.48% | 1.07% | 0.04% | 2.59% | 1.02% | 3.70% |
| Long: AUD | -0.83% | 2.64% | 4.22% | 10.45% | 7.46% | 12.79% |
| Long: CHF | -0.94% | 0.62% | 0.22% | 0.88% | 0.59% | 4.62% |
| Long: Emerging | -1.02% | 2.35% | 1.05% | 5.12% | 2.57% | 11.33% |
| Long: Yen | -1.08% | -0.65% | -3.27% | -7.44% | -3.35% | -17.76% |
Top & Bottom 5 ETFs by Weekly Performance
On an individual fund level, YCS (ProShares UltraShort Yen) was the best-performing ETF with a 1.22% WTD return. On the opposite end of the spectrum, YCL (ProShares Ultra Yen) and FXY (Invesco Currencyshares Japanese Yen Trust) were the two worst-performing ETFs, falling -1.11% and -1.05% respectively.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| YCS | ProShares UltraShort Yen | 1.22% |
| EUO | ProShares UltraShort Euro | 0.94% |
| FOXY | Simplify Currency Strategy ETF | 0.72% |
| UUP | Invesco DB US Dollar Index Bullish Fund | 0.53% |
| USDU | WisdomTree Bloomberg US Dollar Bullish Fund | 0.42% |
| Bottom Performers | ||
| YCL | ProShares Ultra Yen | -1.11% |
| FXY | Invesco Currencyshares Japanese Yen Trust | -1.05% |
| CEW | WisdomTree Emerging Currency Strategy Fund | -1.02% |
| FXF | Invesco CurrencyShares Swiss Franc Trust | -0.94% |
| FXE | Invesco CurrencyShares Euro Trust | -0.91% |
Analyzing the Weekly Flows
The currency channel saw total net outflows of -$62M this week. The Long: GBP category captured the most inflows, gathering $20M to raise its total AUM to $84M. The Long | Short: Multi category also saw significant positive interest with $12M in new money. However, these gains were overshadowed by the Long: CHF category, which suffered the largest outflows at -$45M.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Long: GBP | 1 | $84M | $20M | $7M | $13M | $7M | $7M |
| Long | Short: Multi | 1 | $131M | $12M | $14M | $69M | $73M | $111M |
| Long: EUR | 3 | $471M | $3M | -$32M | $9M | $8M | -$96M |
| Long: AUD | 1 | $106M | $0M | $0M | $14M | $14M | $20M |
| Long: CAD | 1 | $79M | $0M | -$7M | $0M | $4M | -$7M |
| Long: Emerging | 1 | $16M | $0M | $0M | $2M | $2M | $8M |
| Short: Yen | 1 | $32M | $0M | $3M | -$7M | -$5M | $2M |
| Short: USD | 1 | $126M | -$16M | -$21M | -$1M | -$12M | -$8M |
| Long: Yen | 2 | $476M | -$17M | -$55M | -$22M | -$37M | -$476M |
| Long: USD | 2 | $751M | -$19M | -$198M | $334M | $314M | $281M |
| Long: CHF | 1 | $496M | -$45M | -$28M | $75M | $97M | -$7M |
Top & Bottom 5 ETFs by 5-Day Flow
Looking at individual products, FXB (Invesco CurrencyShares British Pound Sterling Trust) led all peers by attracting $20M in inflows. Conversely, FXF (Invesco CurrencyShares Swiss Franc Trust) and FXY (Invesco Currencyshares Japanese Yen Trust) were the top two ETFs for outflows, shedding -$45M and -$17M respectively.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| FXB | Invesco CurrencyShares British Pound Sterling Trust | $20M |
| FOXY | Simplify Currency Strategy ETF | $12M |
| FXE | Invesco CurrencyShares Euro Trust | $5M |
| CEW | WisdomTree Emerging Currency Strategy Fund | $0M |
| FXA | Invesco CurrencyShares Australian Dollar Trust | $0M |
| Outflows | ||
| FXF | Invesco CurrencyShares Swiss Franc Trust | -$45M |
| FXY | Invesco Currencyshares Japanese Yen Trust | -$17M |
| UDN | Invesco DB US Dollar Index Bearish Fund | -$16M |
| UUP | Invesco DB US Dollar Index Bullish Fund | -$14M |
| USDU | WisdomTree Bloomberg US Dollar Bullish Fund | -$5M |
Issuer League Table Update
Invesco continues to dominate the currency ETF market with a 76.04% AUM market share, followed by WisdomTree at 14.93%. Despite its smaller overall footprint, Simplify gathered the most weekly inflows across issuers with $12M. Meanwhile, the largest issuer, Invesco, experienced the most significant outflows, losing -$67M for the week.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| Invesco | 8 | $2.10B | 76.04% |
| WisdomTree | 2 | $0.41B | 14.93% |
| Simplify | 1 | $0.13B | 4.72% |
| ProShares | 4 | $0.12B | 4.31% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| Simplify | $12M |
| Outflows | |
| ProShares | -$2M |
| WisdomTree | -$5M |
| Invesco | -$67M |
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.
