Weekly Channel Summary
The Currency ETF channel concluded the week (as of 11/21/2025) with total Assets Under Management (AUM) of $2.364 Billion, distributed across 15 Exchange Traded Funds (ETFs) and involving 4 issuers. Flow activity was positive across all major timelines: the channel recorded net inflows of $27 million over the past five days, adding to strong year-to-date (YTD) inflows of $593 million and 1-year flows totaling $710 million. The positive weekly flow contributed to a 30-day inflow total of $78 million.
This Week’s Performance Leaders and Laggards
Performance this week was dominated by inverse exposure, with Short: Yen emerging as the top-performing category, gaining 2.52% Week-to-Date (WTD). Following closely were Long: USD and Long | Short: Multi, both returning near 1.0%. The primary lagging category was Long: Yen, which fell by -1.91% WTD. The leading Short: Yen category maintains a strong positive YTD performance of 5.46%, while Long: Yen remains in negative YTD territory at -2.32%.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Short: Yen | 2.52% | 6.70% | 13.28% | 23.18% | 5.46% | 10.50% |
| Long: USD | 0.97% | 1.62% | 2.76% | 3.35% | -2.72% | -0.54% |
| Long | Short: Multi | 0.96% | 2.98% | 8.49% | 13.30% | ||
| Long: EUR | -0.28% | -0.17% | 0.04% | 1.15% | 5.81% | 5.16% |
| Long: GBP | -0.37% | -1.97% | -1.99% | -1.45% | 6.83% | 6.36% |
| Long: CAD | -0.69% | -0.73% | -1.54% | -1.78% | 2.29% | -0.68% |
| Long: Emerging | -0.79% | 0.33% | 1.76% | 3.74% | 11.35% | 10.32% |
| Short: USD | -0.90% | -1.18% | -1.24% | 0.02% | 9.83% | 8.60% |
| Long: AUD | -1.71% | -0.81% | 0.35% | 0.13% | 5.04% | -0.04% |
| Long: CHF | -1.89% | -1.64% | -0.21% | 1.69% | 11.61% | 8.95% |
| Long: Yen | -1.91% | -4.56% | -8.41% | -13.33% | -2.32% | -5.36% |
Top & Bottom 5 ETFs by Weekly Performance
The top individual performer this week was the YCS ProShares UltraShort Yen, which returned 2.52%. This was followed by the EUO ProShares UltraShort Euro, which gained 1.89%. The steepest weekly decline was seen in the YCL ProShares Ultra Yen at -2.45%, and the FXF Invesco CurrencyShares Swiss Franc Trust, which dropped -1.89%.
| Top Performers | ||
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| YCS | ProShares UltraShort Yen | 2.52% |
| EUO | ProShares UltraShort Euro | 1.89% |
| UUP | Invesco DB US Dollar Index Bullish Fund | 0.98% |
| USDU | WisdomTree Bloomberg US Dollar Bullish Fund | 0.96% |
| FOXY | Simplify Currency Strategy ETF | 0.96% |
| Bottom Performers | ||
| Ticker | Fund Name | WTD Performance |
| YCL | ProShares Ultra Yen | -2.45% |
| FXF | Invesco CurrencyShares Swiss Franc Trust | -1.89% |
| ULE | ProShares Ultra Euro | -1.79% |
| FXA | Invesco CurrencyShares Australian Dollar Trust | -1.71% |
| FXY | Invesco Currencyshares Japanese Yen Trust | -1.36% |
Analyzing the Weekly Flows
The Currency ETF Channel saw a net inflow of $27 million over the past five trading days. The lion’s share of this was captured by the Long: USD category, which took in a significant $34 million. This category currently holds the largest AUM in the channel at $509M. Another category showing positive momentum was the Long | Short: Multi strategy with $2 million in inflows. Conversely, the largest outflows came from the Long: Yen category, which saw $6 million withdrawn, followed by the Long: CAD category, which experienced $3 million in outflows.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Long: USD | 2 | $509M | $34M | $121M | $151M | ($147M) | ($11M) |
| Long | Short: Multi | 1 | $59M | $2M | $32M | $39M | $57M | $57M |
| Long: AUD | 1 | $74M | $0M | $0M | ($3M) | $6M | $12M |
| Long: CHF | 1 | $389M | $0M | $0M | $11M | $223M | $223M |
| Long: Emerging | 1 | $11M | $0M | $2M | $2M | $4M | $4M |
| Long: EUR | 3 | $468M | $0M | ($33M) | ($86M) | $228M | $232M |
| Long: GBP | 1 | $88M | $0M | $6M | $0M | $26M | $26M |
| Short: USD | 1 | $146M | $0M | ($6M) | $0M | $89M | $87M |
| Short: Yen | 1 | $41M | $0M | $0M | $2M | $11M | $9M |
| Long: CAD | 1 | $76M | ($3M) | ($14M) | ($14M) | $14M | $14M |
| Long: Yen | 2 | $502M | ($6M) | ($30M) | ($75M) | $82M | $56M |
Top & Bottom 5 ETFs by 5-Day Flow
The top individual ETF for inflows by dollar amount was the UUP Invesco DB US Dollar Index Bullish Fund, which attracted $30 million this week. Other significant inflows were seen in the USDU WisdomTree Bloomberg US Dollar Bullish Fund ($4M). The largest outflows were from the FXY Invesco Currencyshares Japanese Yen Trust, which lost $6 million, and the FXC Invesco CurrencyShares Canadian Dollar Trust, which saw $3 million exit the fund.
| Inflows | ||
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| UUP | Invesco DB US Dollar Index Bullish Fund | $30M |
| USDU | WisdomTree Bloomberg US Dollar Bullish Fund | $4M |
| FOXY | Simplify Currency Strategy ETF | $2M |
| CEW | WisdomTree Emerging Currency Strategy Fund | $0M |
| EUO | ProShares UltraShort Euro | $0M |
| Outflows | ||
| Ticker | Fund Name | 5-Day Flow |
| FXY | Invesco Currencyshares Japanese Yen Trust | ($6M) |
| FXC | Invesco CurrencyShares Canadian Dollar Trust | ($3M) |
| FXE | Invesco CurrencyShares Euro Trust | $0M |
| FXF | Invesco CurrencyShares Swiss Franc Trust | $0M |
| FXB | Invesco CurrencyShares British Pound Sterling Trust | $0M |
Issuer League Table Update
The Currency channel remains dominated by Invesco, which holds an 82.41% market share, followed by WisdomTree at 9.73%. In terms of weekly activity, Invesco gathered the most in absolute inflows with $20 million. However, Invesco also accounted for the largest outflows among the top issuers, driven by activity in its Yen and Canadian Dollar funds. ProShares saw neither inflows nor outflows, ending the week with $0M in flows.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| Invesco | 8 | $1.95B | 82.41% |
| WisdomTree | 2 | $0.23B | 9.73% |
| ProShares | 4 | $0.13B | 5.36% |
| Simplify | 1 | $0.06B | 2.50% |
Top & Bottom 3 Issuers by 5-Day Flow
| Inflows | |
| Brand | 5-Day Flow |
|---|---|
| Invesco | $20M |
| WisdomTree | $4M |
| Simplify | $2M |
| Outflows | |
| Brand | 5-Day Flow |
| ProShares | $0M |
| Simplify | $2M |
| WisdomTree | $4M |
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.
