Weekly Channel Summary
The Currency ETF channel currently manages $2,456M in total assets across 15 ETFs from 4 issuers. Over the past week, the channel saw robust activity with $143M in net inflows. This positive momentum extends into the early part of the year, with Year-To-Date (YTD) flows reaching $121M and a strong 1-year flow total of $658M. The landscape remains dominated by major currency trusts, which continue to drive the majority of volume and asset movement within the category.
This Week’s Performance Leaders and Laggards
Performance this week was led by the Long: Yen category, which posted a significant Week-to-Date (WTD) return of 3.45%, also maintaining a solid YTD gain of 3.39%. In contrast, the Short: Yen category was the primary laggard, declining by -3.38% WTD and remaining down -4.06% for the year. The divergence between Long and Short Yen strategies highlights the specific volatility currently impacting the Japanese currency relative to its peers.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Long: Yen | 3.45% | 2.71% | -1.24% | -5.91% | 3.39% | -1.30% |
| Long: CHF | 2.72% | 2.72% | 3.47% | 4.84% | 3.10% | 17.46% |
| Long: AUD | 1.59% | 4.33% | 5.82% | 7.78% | 4.75% | 13.33% |
| Long: GBP | 1.51% | 2.15% | 4.52% | 4.43% | 2.50% | 13.36% |
| Long | Short: Multi | 1.34% | 4.47% | 3.92% | 13.17% | 4.88% | – |
| Short: USD | 1.33% | 1.88% | 3.39% | 3.47% | 2.19% | 13.78% |
| Long: CAD | 1.32% | 0.85% | 2.53% | 1.84% | 1.12% | 6.98% |
| Long: Emerging | 0.79% | 2.45% | 4.35% | 7.65% | 2.30% | 14.20% |
| Long: EUR | 0.50% | 0.56% | 1.17% | 1.91% | 0.63% | 7.98% |
| Long: USD | -1.22% | -1.51% | -1.83% | -0.19% | -1.78% | -5.55% |
| Short: Yen | -3.38% | -3.26% | 2.28% | 10.37% | -4.06% | 4.33% |
Top & Bottom 5 ETFs by Weekly Performance
At the individual fund level, the YCL (ProShares Ultra Yen) was the best performer of the week, surging 3.45%. On the downside, the YCS (ProShares UltraShort Yen) fell -3.38%, and the EUO (ProShares UltraShort Euro) dropped -2.34%, reflecting a generally weaker outlook for short-oriented currency strategies this week.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| YCL | ProShares Ultra Yen | 3.45% |
| FXY | Invesco Currencyshares Japanese Yen Trust | 3.44% |
| FXF | Invesco CurrencyShares Swiss Franc Trust | 2.72% |
| ULE | ProShares Ultra Euro | 2.37% |
| FXA | Invesco CurrencyShares Australian Dollar Trust | 1.59% |
| Bottom Performers | ||
| YCS | ProShares UltraShort Yen | -3.38% |
| EUO | ProShares UltraShort Euro | -2.34% |
| UUP | Invesco DB US Dollar Index Bullish Fund | -1.25% |
| USDU | WisdomTree Bloomberg US Dollar Bullish Fund | -1.18% |
| CEW | WisdomTree Emerging Currency Strategy Fund | 0.79% |
Analyzing the Weekly Flows
Net flows for the Currency channel were exceptionally strong this week, totaling $143M. The Long: CHF category was the standout leader, attracting $68M in new assets, bringing its total AUM to $500M. The Long: EUR category also saw significant interest with $45M in weekly inflows. On the other side of the ledger, the Long: USD category experienced the largest outflows, losing -$17M as investors appeared to rotate out of the greenback.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Long: CHF | 1 | $500M | $68M | $90M | $90M | $90M | $323M |
| Long: EUR | 3 | $514M | $45M | $38M | $5M | $43M | $276M |
| Long: Yen | 2 | $548M | $27M | $12M | $11M | $12M | $96M |
| Long: AUD | 1 | $101M | $10M | $7M | $20M | $10M | $29M |
| Long | Short: Multi | 1 | $67M | $8M | $12M | $41M | $12M | $66M |
| Short: USD | 1 | $135M | $6M | ($6M) | ($17M) | ($6M) | $81M |
| Long: Emerging | 1 | $16M | $2M | $2M | $6M | $2M | $8M |
| Long: CAD | 1 | $79M | $0M | $4M | ($3M) | $4M | $14M |
| Long: GBP | 1 | $73M | $0M | ($13M) | ($19M) | ($6M) | $19M |
| Short: Yen | 1 | $32M | ($5M) | ($2M) | ($7M) | ($2M) | $6M |
| Long: USD | 2 | $393M | ($17M) | ($38M) | $13M | ($37M) | ($258M) |
Top & Bottom 5 ETFs by 5-Day Flow
Individually, the FXF (Invesco CurrencyShares Swiss Franc Trust) led all currency ETFs with $68M in 5-day inflows. In contrast, the USDU (WisdomTree Bloomberg US Dollar Bullish Fund) saw the largest redemption at -$10M, followed by the UUP (Invesco DB US Dollar Index Bullish Fund) with -$7M in outflows.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| FXF | Invesco CurrencyShares Swiss Franc Trust | $68M |
| FXE | Invesco CurrencyShares Euro Trust | $44M |
| FXY | Invesco Currencyshares Japanese Yen Trust | $27M |
| FXA | Invesco CurrencyShares Australian Dollar Trust | $10M |
| FOXY | Simplify Currency Strategy ETF | $8M |
| Outflows | ||
| USDU | WisdomTree Bloomberg US Dollar Bullish Fund | ($10M) |
| UUP | Invesco DB US Dollar Index Bullish Fund | ($7M) |
| YCS | ProShares UltraShort Yen | ($5M) |
| YCL | ProShares Ultra Yen | $0M |
| EUO | ProShares UltraShort Euro | $0M |
Issuer League Table Update
The issuer landscape is dominated by Invesco, which holds a commanding 84.03% market share with over $2.06B in assets, followed by WisdomTree with an 8.27% share. Invesco was also the clear leader in gathering weekly inflows, adding $148M. Conversely, WisdomTree was the top issuer seeing outflows this week, with a net loss of -$8M across its currency lineup.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| Invesco | 8 | $2,064M | 84.03% |
| Wisdom Tree | 2 | $203M | 8.27% |
| ProShares | 4 | $122M | 4.97% |
| Simplify | 1 | $67M | 2.73% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| Invesco | $148M |
| Simplify | $8M |
| Outflows | |
| Wisdom Tree | ($8M) |
| ProShares | ($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.
