Weekly Channel Summary
The Currency ETF channel, represented by 4 issuers and 15 ETFs, currently holds a total of $2.31 billion in assets under management. Over the past week, the channel experienced net outflows of -$11 million. Despite the recent outflows, the year-to-date flows remain positive at $500 million, and the total for the past year stands at $611 million in net inflows, indicating sustained investor interest over the longer term.
This Week’s Performance Leaders and Laggards
This week, performance was led by the ‘Long: Yen’ category, which posted a strong 2.02% week-to-date return and is also up 7.19% year-to-date. On the other end of the spectrum, the primary lagging category was ‘Short: Yen’, which saw a significant decline of -2.55% for the week. This category is also down -7.08% on a year-to-date basis, highlighting a clear divergence in currency strategies.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Long: Yen | 2.02% | 0.44% | -3.21% | -3.27% | 7.19% | -4.26% |
| Long: AUD | 0.96% | 0.99% | 0.88% | 4.24% | 7.67% | -2.19% |
| Long: GBP | 0.57% | 0.48% | -0.70% | 3.56% | 9.65% | 5.51% |
| Short: USD | 0.48% | 0.56% | -0.12% | 5.19% | 12.46% | 5.98% |
| Long: CHF | 0.41% | 1.01% | -0.03% | 7.39% | 13.57% | 6.91% |
| Long: Emerging | 0.36% | 1.07% | 1.06% | 6.48% | 11.07% | 7.78% |
| Long: EUR | 0.17% | 0.34% | 0.28% | 2.77% | 6.99% | 3.72% |
| Long: CAD | -0.05% | -1.12% | -2.52% | 0.93% | 3.53% | -2.21% |
| Long: USD | -0.26% | 0.04% | 2.01% | -1.61% | -5.56% | 1.24% |
| Long | Short: Multi | -0.43% | 2.79% | 6.54% | 4.62% | ||
| Short: Yen | -2.55% | -0.17% | 5.44% | 5.35% | -7.08% | 9.02% |
Top & Bottom 5 ETFs by Weekly Performance
The single best-performing ETF this week was the ProShares Ultra Yen (YCL), which gained an impressive 2.66%. On the flip side, the two worst-performing ETFs were the ProShares UltraShort Yen (YCS) with a -2.55% return, and the ProShares UltraShort Euro (EUO), which fell by -0.47%.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| YCL | ProShares Ultra Yen | 2.66% |
| FXY | Invesco Currencyshares Japanese Yen Trust | 1.38% |
| FXA | Invesco CurrencyShares Australian Dollar Trust | 0.96% |
| FXB | Invesco CurrencyShares British Pound Sterling Trust | 0.57% |
| ULE | ProShares Ultra Euro | 0.56% |
| Bottom Performers | ||
| FXC | Invesco CurrencyShares Canadian Dollar Trust | -0.05% |
| USDU | WisdomTree Bloomberg US Dollar Bullish Fund | -0.16% |
| UUP | Invesco DB US Dollar Index Bullish Fund | -0.36% |
| FOXY | Simplify Currency Strategy ETF | -0.43% |
| YCS | ProShares UltraShort Yen | -2.55% |
Analyzing the Weekly Flows
The Currency ETF channel saw total net outflows of -$11 million this past week. The category that received the most inflows was ‘Short: Yen’, attracting $7 million. Another category with significant inflows was ‘Long: GBP’, which brought in $6 million. Conversely, the ‘Long: EUR’ category, despite its large AUM of $533 million, experienced the largest outflows, with investors pulling out -$16 million.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Short: Yen | 1 | $31M | $7M | $0M | $9M | $7M | ($9M) |
| Long: GBP | 1 | $90M | $6M | $0M | $0M | $26M | $26M |
| Short: USD | 1 | $156M | $2M | $9M | $8M | $96M | $83M |
| Long | Short: Multi | 1 | $24M | $1M | $4M | $6M | $24M | $24M |
| Long: USD | 2 | $318M | $1M | $4M | ($11M) | ($328M) | ($155M) |
| Long: Yen | 2 | $591M | ($12M) | ($27M) | ($269M) | $130M | $95M |
| Long: EUR | 3 | $533M | ($16M) | ($38M) | ($80M) | $287M | $286M |
Top & Bottom 5 ETFs by 5-Day Flow
At the individual ETF level, the ProShares UltraShort Yen (YCS) was the top attractor of capital, bringing in $7 million. In contrast, the largest outflows were seen from the Invesco CurrencyShares Euro Trust (FXE), which shed -$16 million, followed by the Invesco Currencyshares Japanese Yen Trust (FXY) with -$9 million in outflows.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| YCS | ProShares UltraShort Yen | $7M |
| FXB | Invesco CurrencyShares British Pound Sterling Trust | $6M |
| USDU | WisdomTree Bloomberg US Dollar Bullish Fund | $5M |
| UDN | Invesco DB US Dollar Index Bearish Fund | $2M |
| FOXY | Simplify Currency Strategy ETF | $1M |
| Outflows | ||
| YCL | ProShares Ultra Yen | ($2M) |
| UUP | Invesco DB US Dollar Index Bullish Fund | ($4M) |
| FXY | Invesco Currencyshares Japanese Yen Trust | ($9M) |
| FXE | Invesco CurrencyShares Euro Trust | ($16M) |
Issuer League Table Update
Invesco continues to dominate the issuer landscape, commanding an 86.21% market share, followed by WisdomTree with a 7.32% share. This week, WisdomTree and ProShares were the top issuers for inflows, each gathering $5 million in new assets. In contrast, the market share leader, Invesco, saw the largest outflows, totaling -$21 million for the week.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| Invesco | 8 | $1.99B | 86.21% |
| WisdomTree | 2 | $0.17B | 7.32% |
| ProShares | 4 | $0.13B | 5.43% |
| Simplify | 1 | $0.02B | 1.03% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| WisdomTree | $5M |
| ProShares | $5M |
| Simplify | $1M |
| Outflows | |
| Invesco | -$21M |
For a deeper dive into these trends, access our FREE, in-depth Thematic 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.
