Weekly Channel Summary
As of March 20, 2026, the Currency ETF Channel consists of 15 ETFs across 4 issuers, managing a total of $3.04B in Assets Under Management (AUM). Overall, the channel experienced robust net inflows, gathering +$289M over the trailing 5 days. This positive momentum brings the Year-To-Date (YTD) flows to +$756M and the 1-Year flows to +$1.18B.
This Week’s Performance Leaders and Laggards
For the week, the Short: USD category led performance with a Week-To-Date (WTD) return of +0.71%, though it remains down -1.07% YTD. Conversely, the Long: USD category was the primary laggard, dropping -0.48% for the week, but maintaining a positive YTD stance at +1.99%.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Short: USD | +0.71% | -1.80% | -0.79% | -1.35% | -1.07% | +5.65% |
| Long: GBP | +0.53% | -1.31% | +0.08% | -0.27% | -0.65% | +4.94% |
| Long: AUD | +0.45% | -0.64% | +6.71% | +7.12% | +5.71% | +12.85% |
| Long: EUR | +0.32% | -0.57% | -0.21% | +0.07% | -0.33% | +3.53% |
| Long: Yen | +0.27% | -4.18% | -2.24% | -11.72% | -2.98% | -12.52% |
| Long: CHF | +0.11% | -1.85% | +0.74% | +0.51% | +0.30% | +11.31% |
| Long: CAD | +0.03% | -0.38% | +0.41% | +0.38% | -0.17% | +4.70% |
| Long: Emerging | -0.10% | -2.62% | +0.55% | +2.41% | -0.02% | +9.53% |
| Long | Short: Multi | -0.17% | +1.29% | +9.43% | +12.94% | +11.62% | +20.50% |
| Short: Yen | -0.40% | +5.98% | +3.60% | +19.91% | +4.64% | +22.61% |
| Long: USD | -0.48% | +2.25% | +1.72% | +3.97% | +1.99% | +0.69% |
Top & Bottom 5 ETFs by Weekly Performance
The single best-performing individual fund was the ULE (ProShares Ultra Euro), which jumped +2.35%. The steepest declines were seen in EUO (ProShares UltraShort Euro) and UUP (Invesco DB US Dollar Index Bullish Fund), dropping -2.29% and -0.60% respectively.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| ULE | ProShares Ultra Euro | +2.35% |
| FXE | Invesco CurrencyShares Euro Trust | +0.90% |
| UDN | Invesco DB US Dollar Index Bearish Fund | +0.71% |
| FXB | Invesco CurrencyShares British Pound Sterling Trust | +0.53% |
| FXA | Invesco CurrencyShares Australian Dollar Trust | +0.45% |
| Bottom Performers | ||
| EUO | ProShares UltraShort Euro | -2.29% |
| UUP | Invesco DB US Dollar Index Bullish Fund | -0.60% |
| YCS | ProShares UltraShort Yen | -0.40% |
| USDU | WisdomTree Bloomberg US Dollar Bullish Fund | -0.36% |
| FOXY | Simplify Currency Strategy ETF | -0.17% |
Analyzing the Weekly Flows
The Currency channel saw total net inflows of +$289M this week. The Long: USD category dominated these flows, raking in +$289M and bringing its AUM to $936M. The Long | Short: Multi category also saw notable interest with +$15M in inflows. On the downside, the Long: EUR category suffered the largest net outflows, shedding -$16M.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Long: USD | 2 | $936M | +$289M | +$536M | +$517M | +$521M | +$436M |
| Long | Short: Multi | 1 | $120M | +$15M | +$21M | +$59M | +$59M | +$96M |
| Long: GBP | 1 | $77M | +$6M | +$6M | $0M | $0M | +$19M |
| Long: AUD | 1 | $105M | +$4M | +$4M | +$14M | +$14M | +$29M |
| Long: CAD | 1 | $85M | $0M | $0M | +$11M | +$11M | +$14M |
| Long: Emerging | 1 | $15M | $0M | $0M | +$4M | +$2M | +$8M |
| Long: Yen | 2 | $534M | $0M | +$1M | +$18M | +$18M | -$15M |
| Short: USD | 1 | $141M | $0M | -$4M | +$9M | +$5M | +$72M |
| Short: Yen | 1 | $32M | -$3M | +$2M | -$7M | -$7M | +$1M |
| Long: CHF | 1 | $518M | -$6M | -$68M | +$125M | +$125M | +$328M |
| Long: EUR | 3 | $474M | -$16M | -$29M | +$7M | +$18M | +$195M |
Top & Bottom 5 ETFs by 5-Day Flow
Looking at individual funds, UUP (Invesco DB US Dollar Index Bullish Fund) was the top asset gatherer with +$194M in new money. Conversely, FXE (Invesco CurrencyShares Euro Trust) and FXF (Invesco CurrencyShares Swiss Franc Trust) led the outflows, losing -$16M and -$6M respectively.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| UUP | Invesco DB US Dollar Index Bullish Fund | +$194M |
| USDU | WisdomTree Bloomberg US Dollar Bullish Fund | +$95M |
| FOXY | Simplify Currency Strategy ETF | +$15M |
| FXB | Invesco CurrencyShares British Pound Sterling Trust | +$6M |
| FXA | Invesco CurrencyShares Australian Dollar Trust | +$4M |
| Outflows | ||
| FXE | Invesco CurrencyShares Euro Trust | -$16M |
| FXF | Invesco CurrencyShares Swiss Franc Trust | -$6M |
| YCS | ProShares UltraShort Yen | -$3M |
| CEW | WisdomTree Emerging Currency Strategy Fund | $0M |
| EUO | ProShares UltraShort Euro | $0M |
Issuer League Table Update
Invesco and WisdomTree continue to dominate the Currency ETF space, commanding 78.48% and 13.54% of the market share respectively. Invesco gathered the most assets this week with +$182M in net inflows, while ProShares was the only issuer to experience net outflows, losing -$3M.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| Invesco | 8 | $2.38B | 78.48% |
| WisdomTree | 2 | $0.41B | 13.54% |
| ProShares | 4 | $0.12B | 4.02% |
| Simplify | 1 | $0.12B | 3.96% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| Invesco | +$182M |
| WisdomTree | +$95M |
| Simplify | +$15M |
| Outflows | |
| ProShares | -$3M |
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.
