Weekly Channel Summary
The Currency ETF channel currently manages a total AUM of $2,852M across 15 distinct products, guided by 4 ETF issuers. Over the past week, the channel experienced net outflows of ($90M). Despite the recent capital flight, year-to-date flows remain robustly positive at $549M, contributing to an overall 1-year flow total of $62M.
This Week’s Performance Leaders and Laggards
The Short: Yen and Long: USD categories led the pack this week, posting solid gains of 1.29% and 1.23% respectively. On the downside, the Long: CHF category was the primary laggard, dropping -1.62% for the week, dragging its YTD performance down to -0.47%.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Short: Yen | 1.29% | 3.42% | 4.91% | 9.73% | 7.16% | 33.34% |
| Long: USD | 1.23% | 1.92% | 1.69% | 2.69% | 3.08% | 5.73% |
| Long | Short: Multi | 1.09% | 1.78% | 1.68% | 7.73% | 11.97% | 20.91% |
| Long: EUR | -0.27% | -0.24% | 0.28% | 0.39% | 0.06% | 1.60% |
| Long: GBP | -0.65% | -1.14% | 1.01% | 1.37% | 0.40% | 0.67% |
| Long: Emerging | -0.76% | -0.19% | 1.28% | 3.28% | 2.14% | 7.39% |
| Long: Yen | -0.94% | -2.32% | -2.94% | -5.71% | -4.20% | -17.27% |
| Long: CAD | -1.02% | -2.15% | -1.65% | -0.38% | -1.47% | -1.64% |
| Short: USD | -1.12% | -1.46% | -0.30% | -0.29% | -1.06% | 0.23% |
| Long: AUD | -1.56% | -1.38% | 1.34% | 7.24% | 6.74% | 9.75% |
| Long: CHF | -1.62% | -1.59% | -1.68% | 1.00% | -0.47% | 2.69% |
Top & Bottom 5 ETFs by Weekly Performance
The single best-performing ETF for the week was the ProShares UltraShort Euro (EUO), surging 2.50%. The steepest declines were seen in the ProShares Ultra Euro (ULE) and the Invesco CurrencyShares Swiss Franc Trust (FXF), which fell -2.38% and -1.62% respectively.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| EUO | ProShares UltraShort Euro | 2.50% |
| YCS | ProShares UltraShort Yen | 1.29% |
| UUP | Invesco DB US Dollar Index Bullish Fund | 1.28% |
| USDU | WisdomTree Bloomberg US Dollar Bullish Fund | 1.17% |
| FOXY | Simplify Currency Strategy ETF | 1.09% |
| Bottom Performers | ||
| ULE | ProShares Ultra Euro | -2.38% |
| FXF | Invesco CurrencyShares Swiss Franc Trust | -1.62% |
| FXA | Invesco CurrencyShares Australian Dollar Trust | -1.56% |
| YCL | ProShares Ultra Yen | -1.19% |
| UDN | Invesco DB US Dollar Index Bearish Fund | -1.12% |
Analyzing the Weekly Flows
Total net flows for the channel amounted to ($90M) this week. Despite a difficult year, the Long: Yen category attracted the most weekly inflows at $3M, adding to its total $471M AUM. The Long: USD category suffered the heaviest redemptions, bleeding ($55M).
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Long: Yen | 2 | $471M | $3M | ($1M) | ($55M) | ($39M) | ($381M) |
| Long | Short: Multi | 1 | $316M | $0M | $173M | $213M | $257M | $296M |
| Long: AUD | 1 | $106M | $0M | $0M | $4M | $14M | $4M |
| Long: CAD | 1 | $74M | $0M | $0M | ($11M) | $0M | ($14M) |
| Long: Emerging | 1 | $16M | $0M | $0M | $0M | $2M | $4M |
| Long: GBP | 1 | $78M | $0M | ($13M) | $7M | $1M | ($6M) |
| Short: USD | 1 | $118M | $0M | ($11M) | ($28M) | ($20M) | ($19M) |
| Short: Yen | 1 | $30M | $0M | $0M | ($3M) | ($7M) | ($1M) |
| Long: CHF | 1 | $476M | ($11M) | ($17M) | ($68M) | $80M | ($24M) |
| Long: EUR | 3 | $439M | ($27M) | ($50M) | ($71M) | ($21M) | ($150M) |
| Long: USD | 2 | $729M | ($55M) | ($34M) | $269M | $284M | $353M |
Top & Bottom 5 ETFs by 5-Day Flow
The WisdomTree Bloomberg US Dollar Bullish Fund (USDU) captured the most new capital, pulling in $7M. Conversely, the Invesco DB US Dollar Index Bullish Fund (UUP) and the Invesco CurrencyShares Euro Trust (FXE) suffered the worst redemptions, losing ($61M) and ($27M) respectively.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| USDU | WisdomTree Bloomberg US Dollar Bullish Fund | $7M |
| FXY | Invesco Currencyshares Japanese Yen Trust | $3M |
| CEW | WisdomTree Emerging Currency Strategy Fund | $0M |
| EUO | ProShares UltraShort Euro | $0M |
| FOXY | Simplify Currency Strategy ETF | $0M |
| Outflows | ||
| UUP | Invesco DB US Dollar Index Bullish Fund | ($61M) |
| FXE | Invesco CurrencyShares Euro Trust | ($27M) |
| FXF | Invesco CurrencyShares Swiss Franc Trust | ($11M) |
| CEW | WisdomTree Emerging Currency Strategy Fund | $0M |
| EUO | ProShares UltraShort Euro | $0M |
Issuer League Table Update
Invesco continues to heavily dominate the channel with a 71.06% market share, followed distantly by WisdomTree at 14.18%. WisdomTree managed to gather the most weekly inflows ($7M), while Invesco absorbed the bulk of the channel’s weekly outflows, shedding -$96M.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| Invesco | 8 | $2.03B | 71.06% |
| WisdomTree | 2 | $0.40B | 14.18% |
| Simplify | 1 | $0.32B | 11.09% |
| ProShares | 4 | $0.10B | 3.66% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| WisdomTree | $7M |
| Simplify | $0M |
| ProShares | $0M |
| Outflows | |
| Invesco | -$96M |
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.
