Weekly Channel Summary
The Currency ETF channel currently manages approximately $2.62 billion across 15 ETFs and 4 distinct brands. During the past week, the channel attracted $46 million in net inflows, contributing to a year-to-date (YTD) flow of $296 million. Over the trailing one-year period, the category has seen significant momentum, amassing $780 million in net new money as investors navigate global currency fluctuations and interest rate policy shifts.
This Week’s Performance Leaders and Laggards
The Short: Yen category led performance this week with a robust 3.26% return, though it remains slightly negative on a YTD basis at -1.26%. Conversely, the Long: Yen category was the primary laggard, falling -2.12% for the week. The Long | Short: Multi category continues its exceptional run, posting a 0.88% weekly gain and maintaining a YTD return of 10.19%.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Short: Yen | 3.26% | -3.53% | -1.40% | 14.95% | -1.26% | 15.16% |
| Long | Short: Multi | 0.88% | 8.65% | 6.15% | 15.10% | 10.19% | 25.85% |
| Long: USD | 0.86% | -0.72% | -1.60% | 1.53% | -0.26% | -2.92% |
| Long: AUD | 0.37% | 5.19% | 9.66% | 10.70% | 6.39% | 12.00% |
| Long: Emerging | -0.11% | 1.98% | 4.42% | 6.77% | 2.67% | 12.90% |
| Long: EUR | -0.14% | 0.23% | 1.10% | 1.00% | 0.25% | 6.58% |
| Long: CAD | -0.33% | 1.13% | 2.84% | 1.43% | 0.22% | 4.13% |
| Long: CHF | -0.59% | 1.95% | 3.97% | 3.47% | 2.19% | 15.57% |
| Long: GBP | -0.79% | 0.49% | 3.66% | 1.32% | 0.66% | 9.35% |
| Short: USD | -0.86% | 0.97% | 2.87% | 1.18% | 0.74% | 10.32% |
| Long: Yen | -2.12% | 2.77% | 1.74% | -8.82% | 1.25% | -8.27% |
Top & Bottom 5 ETFs by Weekly Performance
The best-performing individual fund this week was the ProShares UltraShort Yen (YCS), which surged 3.26%. At the bottom of the list, the ProShares Ultra Yen (YCL) and ProShares Ultra Euro (ULE) were the primary detractors, falling -3.11% and -1.52% respectively.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| YCS | ProShares UltraShort Yen | 3.26% |
| EUO | ProShares UltraShort Euro | 1.61% |
| UUP | Invesco DB US Dollar Index Bullish Fund | 0.99% |
| FOXY | Simplify Currency Strategy ETF | 0.88% |
| USDU | WisdomTree Bloomberg US Dollar Bullish Fund | 0.72% |
| Bottom Performers | ||
| YCL | ProShares Ultra Yen | -3.11% |
| ULE | ProShares Ultra Euro | -1.52% |
| FXY | Invesco Currencyshares Japanese Yen Trust | -1.13% |
| UDN | Invesco DB US Dollar Index Bearish Fund | -0.86% |
| FXB | Invesco CurrencyShares British Pound Sterling Trust | -0.79% |
Analyzing the Weekly Flows
Total net flows for the Currency channel reached $46 million this week. The Long: CHF category received the lion’s share of interest with $29 million in weekly inflows, bringing its total AUM to $598 million. The Long | Short: Multi category also saw significant activity with $8 million in new assets. Conversely, the Short: Yen category experienced the largest exit, seeing -$2 million in outflows.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Long: CHF | 1 | $598M | $29M | $182M | $193M | $426M |
| Long | Short: Multi | 1 | $96M | $8M | $34M | $38M | $89M |
| Long: CAD | 1 | $86M | $7M | $7M | $11M | $8M |
| Long: USD | 2 | $417M | $5M | $8M | -$15M | -$267M |
| Long: Yen | 2 | $546M | -$1M | $26M | $17M | $96M |
| Short: Yen | 1 | $25M | -$2M | -$12M | -$10M | -$1M |
Top & Bottom 5 ETFs by 5-Day Flow
The Invesco CurrencyShares Swiss Franc Trust (FXF) was the clear winner in terms of weekly inflows, securing $29 million. On the outflow side, the ProShares UltraShort Yen (YCS) and ProShares Ultra Yen (YCL) saw the most substantial withdrawals, at -$2 million and -$1 million respectively.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| FXF | Invesco CurrencyShares Swiss Franc Trust | $29M |
| FOXY | Simplify Currency Strategy ETF | $8M |
| FXC | Invesco CurrencyShares Canadian Dollar Trust | $7M |
| UUP | Invesco DB US Dollar Index Bullish Fund | $5M |
| FXE | Invesco CurrencyShares Euro Trust | $0M |
| Outflows | ||
| YCS | ProShares UltraShort Yen | -$2M |
| YCL | ProShares Ultra Yen | -$1M |
| USDU | WisdomTree Bloomberg US Dollar Bullish Fund | $0M |
Issuer League Table Update
Invesco continues to dominate the Currency ETF space with an 84.59% market share, followed by WisdomTree at 7.41%. Invesco also led the pack in weekly inflows, gathering $41 million, while ProShares saw the largest weekly outflows among the top issuers, with a net decrease of -$3 million.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| Invesco | 8 | $2.21B | 84.59% |
| WisdomTree | 2 | $0.19B | 7.41% |
| ProShares | 4 | $0.11B | 4.31% |
| Simplify | 1 | $0.10B | 3.68% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| Invesco | $41M |
| Simplify | $8M |
| WisdomTree | $0M |
| Outflows | |
| ProShares | -$3M |
| WisdomTree | $0M |
| Simplify | $8M |
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.
