Weekly Channel Summary
The Currency ETF channel, comprising 15 ETFs from 4 issuers, now oversees $2.36 billion in assets under management. This week, the channel saw a net inflow of $10 million, reversing last week’s minor outflow. The positive momentum aligns with the broader trend, as year-to-date inflows stand at a healthy $541 million, and the total for the past year has reached $626 million, signaling continued investor confidence in this asset class.
This Week’s Performance Leaders and Laggards
Strategies betting against the Japanese Yen were the clear winners this week, with the Short Yen category gaining 0.66%. In contrast, commodity-linked currencies faced headwinds, as the Long Australian Dollar category was the primary laggard, posting a 0.67% decline for the week. Despite the weekly drop, the Aussie dollar strategy remains up a strong 7.54% year-to-date.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Short: Yen | 0.66% | 1.28% | 6.18% | 2.19% | -6.73% | 16.24% |
| Long: CAD | 0.55% | 0.63% | -0.49% | 4.31% | 4.85% | -0.61% |
| Long: USD | 0.19% | -0.17% | 0.07% | -3.14% | -6.79% | 2.03% |
| Long: CHF | 0.18% | 1.35% | 2.71% | 10.41% | 13.61% | 6.27% |
| Long: EUR | 0.11% | 0.36% | 1.09% | 3.78% | 7.03% | 3.32% |
| Short: USD | -0.07% | 0.77% | 1.75% | 6.69% | 12.49% | 4.68% |
| Long: Yen | -0.39% | -0.58% | -3.78% | -0.54% | 6.80% | -8.68% |
| Long | Short: Multi | -0.49% | 5.01% | 6.12% | 6.50% | ||
| Long: GBP | -0.51% | 0.04% | 0.83% | 5.27% | 9.64% | 4.49% |
| Long: AUD | -0.67% | 2.15% | 1.52% | 4.85% | 7.54% | -1.75% |
| Long: Emerging |
Top & Bottom 5 ETFs by Weekly Performance
The week’s top individual performer was the ProShares UltraShort Yen (YCS), which climbed 0.66%. On the other end of the performance spectrum, the Invesco CurrencyShares Australian Dollar Trust (FXA) was the biggest decliner with a 0.67% loss, closely followed by the ProShares Ultra Yen (YCL), which fell 0.61%, highlighting the pressure on commodity-linked and pro-Yen positions.
| Top Performers | ||
| YCS | ProShares UltraShort Yen | 0.66% |
| FXC | Invesco CurrencyShares Canadian Dollar Trust | 0.55% |
| FXE | Invesco CurrencyShares Euro Trust | 0.28% |
| UUP | Invesco DB US Dollar Index Bullish Fund | 0.19% |
| FXF | Invesco CurrencyShares Swiss Franc Trust | 0.18% |
| Bottom Performers | ||
| FXA | Invesco CurrencyShares Australian Dollar Trust | -0.67% |
| YCL | ProShares Ultra Yen | -0.61% |
| FXB | Invesco CurrencyShares British Pound Sterling Trust | -0.51% |
| FOXY | Simplify Currency Strategy ETF | -0.49% |
| FXY | Invesco Currencyshares Japanese Yen Trust | -0.16% |
Analyzing the Weekly Flows
The currency channel attracted a net total of $10 million in new assets this week. The Long Swiss Franc category was the primary beneficiary, pulling in $17 million and boosting its total AUM to $397 million. The Long USD category also saw a modest inflow of $1 million. On the other hand, the Long Euro category experienced the most significant redemptions, with investors withdrawing $5 million.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Long: CHF | 1 | $397M | $17M | $11M | ($104M) | $223M | $218M |
| Long: USD | 2 | $309M | $1M | ($39M) | ($51M) | ($334M) | ($209M) |
| Long | Short: Multi | 1 | $20M | $0M | $1M | $5M | $19M | $19M |
| Long: AUD | 1 | $75M | $0M | ($3M) | ($23M) | $6M | $9M |
| Long: CAD | 1 | $92M | $0M | $0M | $0M | $28M | $24M |
| Long: Emerging | 1 | $9M | $0M | $0M | ($2M) | $2M | $2M |
| Long: GBP | 1 | $91M | $0M | $6M | $7M | $26M | $26M |
| Short: USD | 1 | $151M | $0M | $1M | $3M | $90M | $88M |
| Short: Yen | 1 | $27M | $0M | ($7M) | $4M | $2M | ($13M) |
| Long: Yen | 2 | $612M | ($3M) | ($6M) | ($289M) | $154M | $138M |
| Long: EUR | 3 | $573M | ($5M) | $9M | ($42M) | $325M | $323M |
Top & Bottom 5 ETFs by 5-Day Flow
On an individual ETF basis, the Invesco CurrencyShares Swiss Franc Trust (FXF) was the standout winner, attracting $17 million in new investments. The largest outflows were from the Invesco CurrencyShares Euro Trust (FXE), which saw $5 million withdrawn, and the Invesco Currencyshares Japanese Yen Trust (FXY), which experienced outflows of $3 million.
| Inflows | ||
| FXF | Invesco CurrencyShares Swiss Franc Trust | $17M |
| UUP | Invesco DB US Dollar Index Bullish Fund | $1M |
| Outflows | ||
| FXE | Invesco CurrencyShares Euro Trust | ($5M) |
| FXY | Invesco Currencyshares Japanese Yen Trust | ($3M) |
Issuer League Table Update
Invesco continues its strong leadership in the currency ETF space, commanding 87.17% of the total market share, with WisdomTree holding the second position at 6.78%. Invesco also led in asset gathering this week, capturing $10 million in net inflows. The other issuers in the space recorded no net flows for the week.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| Invesco | 8 | $2.05B | 87.17% |
| WisdomTree | 2 | $0.16B | 6.78% |
| ProShares | 4 | $0.12B | 5.21% |
| Simplify | 1 | $0.02B | 0.85% |
Top & Bottom 3 Issuers by 5-Day Flow
| Inflows | |
| Invesco | $10M |
| ProShares | $0M |
| Simplify | $0M |
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.
