Weekly Channel Summary
The Currency ETF channel currently houses 15 ETFs managed by 4 issuers, representing approximately $3.05 billion in total Assets Under Management (AUM). Over the past week, the space saw mostly flat activity with a slight net outflow of $2 million. However, the longer-term trend remains positive, with year-to-date (YTD) net inflows totaling $747 million and 1-year flows hitting an impressive $1.15 billion.
This Week’s Performance Leaders and Laggards
Week-to-Date (WTD), the Long: Emerging category led the pack with a 0.70% gain, bringing its YTD performance to 0.53%. On the other end of the spectrum, the Short: Yen category lagged significantly, posting a -0.49% drop for the week, though it still maintains a strong 5.45% gain YTD.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Long: Emerging | 0.70% | -1.28% | 0.34% | 3.34% | 0.53% | 10.47% |
| Long | Short: Multi | 0.53% | 1.38% | 11.41% | 12.20% | 11.59% | 17.61% |
| Long: Yen | 0.52% | -2.18% | -3.26% | -12.52% | -3.34% | -11.74% |
| Long: AUD | 0.38% | -1.96% | 3.65% | 5.49% | 3.95% | 10.89% |
| Short: USD | 0.17% | -1.56% | -1.27% | -1.48% | -1.37% | 5.21% |
| Long: EUR | 0.10% | -0.27% | -0.31% | 0.19% | -0.27% | 3.47% |
| Long: USD | -0.11% | 2.03% | 2.41% | 4.09% | 2.53% | 0.92% |
| Long: CHF | -0.26% | -2.37% | -1.22% | -0.36% | -0.99% | 9.87% |
| Long: CAD | -0.30% | -1.59% | -1.42% | 0.43% | -1.53% | 3.09% |
| Long: GBP | -0.32% | -0.78% | -1.40% | -0.26% | -1.03% | 4.51% |
| Short: Yen | -0.49% | 3.57% | 5.15% | 21.65% | 5.45% | 21.11% |
Top & Bottom 5 ETFs by Weekly Performance
The single best-performing individual fund this week was the WisdomTree Emerging Currency Strategy Fund (CEW), returning 0.70%. Conversely, the two worst-performing funds were the ProShares UltraShort Yen (YCS) and the Invesco CurrencyShares British Pound Sterling Trust (FXB), dropping -0.49% and -0.32%, respectively.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| CEW | WisdomTree Emerging Currency Strategy Fund | 0.70% |
| YCL | ProShares Ultra Yen | 0.54% |
| FOXY | Simplify Currency Strategy ETF | 0.53% |
| FXY | Invesco Currencyshares Japanese Yen Trust | 0.49% |
| FXA | Invesco CurrencyShares Australian Dollar Trust | 0.38% |
| Bottom Performers | ||
| EUO | ProShares UltraShort Euro | -0.23% |
| FXF | Invesco CurrencyShares Swiss Franc Trust | -0.26% |
| FXC | Invesco CurrencyShares Canadian Dollar Trust | -0.30% |
| FXB | Invesco CurrencyShares British Pound Sterling Trust | -0.32% |
| YCS | ProShares UltraShort Yen | -0.49% |
Analyzing the Weekly Flows
Net flows for the Currency channel were slightly negative this week at -$2 million. The Long: USD category commanded the most interest, pulling in $35 million in new assets and pushing its total AUM to just over $1.0 billion. The only other category to see any positive movement was Long | Short: Multi, though it was relatively flat. Meanwhile, the Long: GBP category suffered the largest weekly outflow at -$19 million.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Long: USD | 2 | $1,005M | $35M | $544M | $558M | $558M | $492M |
| Long | Short: Multi | 1 | $117M | $0M | $21M | $59M | $59M | $95M |
| Long: AUD | 1 | $103M | $0M | $4M | $14M | $14M | $33M |
| Long: Emerging | 1 | $15M | $0M | $0M | $2M | $2M | $8M |
| Short: Yen | 1 | $29M | $0M | -$3M | -$7M | -$7M | -$3M |
| Long: Yen | 2 | $514M | -$2M | -$18M | -$1M | -$1M | -$51M |
| Short: USD | 1 | $144M | -$2M | -$2M | $7M | $7M | $73M |
| Long: CAD | 1 | $81M | -$4M | -$4M | $7M | $7M | $11M |
| Long: EUR | 3 | $462M | -$5M | -$45M | $2M | $2M | $166M |
| Long: CHF | 1 | $512M | -$6M | -$39M | $120M | $120M | $322M |
| Long: GBP | 1 | $64M | -$19M | -$6M | -$13M | -$13M | $6M |
Top & Bottom 5 ETFs by 5-Day Flow
Looking at individual funds, the Invesco DB US Dollar Index Bullish Fund (UUP) led all peers in dollar terms, attracting $25 million in net new money. On the flip side, the Invesco CurrencyShares British Pound Sterling Trust (FXB) and the Invesco CurrencyShares Swiss Franc Trust (FXF) saw the steepest redemptions, shedding -$19 million and -$6 million, respectively.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| UUP | Invesco DB US Dollar Index Bullish Fund | $25M |
| USDU | WisdomTree Bloomberg US Dollar Bullish Fund | $11M |
| CEW | WisdomTree Emerging Currency Strategy Fund | $0M |
| EUO | ProShares UltraShort Euro | $0M |
| FOXY | Simplify Currency Strategy ETF | $0M |
| Outflows | ||
| YCL | ProShares Ultra Yen | -$2M |
| FXC | Invesco CurrencyShares Canadian Dollar Trust | -$4M |
| FXE | Invesco CurrencyShares Euro Trust | -$5M |
| FXF | Invesco CurrencyShares Swiss Franc Trust | -$6M |
| FXB | Invesco CurrencyShares British Pound Sterling Trust | -$19M |
Issuer League Table Update
Invesco and WisdomTree dominate the Currency ETF space, holding 78.03% and 14.29% of the market share, respectively. This week, WisdomTree gathered the most new assets with $11 million in net inflows, while the channel’s top issuer, Invesco, experienced the largest net outflows, losing -$10 million.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| Invesco | 8 | $2.38B | 78.03% |
| WisdomTree | 2 | $0.44B | 14.29% |
| ProShares | 4 | $0.12B | 3.85% |
| Simplify | 1 | $0.12B | 3.83% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| WisdomTree | $11M |
| Simplify | $0M |
| Outflows | |
| ProShares | -$2M |
| Invesco | -$10M |
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.
