Weekly Channel Summary
The Currency ETF channel held $2.65B in assets across 15 funds from 4 issuers as of October 23, 2026. Weekly net flows totaled $17M, pushing the YTD total to $387M and the trailing one-year figure to $397M. Despite its small footprint relative to broader equity and fixed income channels, the group has shown consistent positive flow momentum over the past year.
This Week’s Performance Leaders and Laggards
Long AUD exposure led the channel this week with a 1.40% gain, followed by Long CAD at 0.93% and Long Yen at 0.79%, while Long EUR, Short Yen, and Long|Short Multi categories brought up the rear, with the Multi category down 1.53%. On a YTD basis, Long AUD remains among the strongest performers at 6.68%, alongside Long USD at 6.23% and Short Yen at 5.58%, underscoring a year of dollar and commodity-currency strength. The standout individual fund was YCL, up 1.82% on the week as leveraged yen exposure benefited from the currency’s rebound. At the other end, FOXY declined 1.53%, the weakest showing in the channel, while leveraged euro-short product ULE fell 0.87%.
Currency Performance Snapshot
| Currency | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Long: AUD | 1.40% | 0.10% | 1.48% | -0.61% | 6.68% | 9.52% |
| Long: CAD | 0.93% | 0.72% | 0.64% | -2.16% | -1.90% | -0.02% |
| Long: Yen | 0.79% | 1.00% | 4.54% | 1.65% | -0.62% | -3.54% |
| Long: GBP | 0.35% | 1.16% | 0.90% | 0.31% | 0.85% | 2.48% |
| Long: USD | 0.06% | 1.10% | 1.23% | 4.71% | 6.23% | 6.45% |
| Short: USD | 0.00% | -0.50% | 0.14% | -2.03% | -2.08% | -1.11% |
| Long: Emerging | -0.13% | -0.10% | 1.39% | 1.37% | 4.05% | 6.27% |
| Long: CHF | -0.17% | -0.08% | -1.12% | -4.93% | -4.42% | -4.14% |
| Long: EUR | -0.24% | -0.98% | -0.67% | -1.96% | -1.95% | -1.02% |
| Short: Yen | -1.27% | -1.12% | -7.06% | -0.48% | 5.58% | 13.09% |
| Long | Short: Multi | -1.53% | -0.09% | -3.58% | -3.93% | 6.47% | 4.16% |
Top & Bottom 5 ETFs by Weekly Performance
Leveraged and single-currency products dominated both ends of the weekly performance spectrum. YCL topped the list at 1.82%, with FXA close behind at 1.40% and FXC up 0.93%, consistent with broad-based gains in commodity-linked and yen exposures. On the downside, FOXY and YCS posted the steepest declines at -1.53% and -1.27%, respectively, reflecting the inverse relationship between short-yen strategies and the yen’s advance. ULE rounded out the laggards, down 0.87% as leveraged euro-long exposure gave back ground amid euro softness.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| YCL | ProShares Ultra Yen | 1.82% |
| FXA | Invesco CurrencyShares Australian Dollar Trust | 1.40% |
| FXC | Invesco CurrencyShares Canadian Dollar Trust | 0.93% |
| EUO | ProShares UltraShort Euro | 0.87% |
| FXY | Invesco Currencyshares Japanese Yen Trust | 0.72% |
| Bottom Performers | ||
| FOXY | Simplify Currency Strategy ETF | -1.53% |
| YCS | ProShares UltraShort Yen | -1.27% |
| ULE | ProShares Ultra Euro | -0.87% |
| FXE | Invesco CurrencyShares Euro Trust | -0.39% |
| FXF | Invesco CurrencyShares Swiss Franc Trust | -0.17% |
Analyzing the Weekly Flows
The Currency channel saw $17M in net inflows for the week, concentrated almost entirely in Long USD exposure, which gathered $27M and continues to lead on a YTD basis with $353M. Long AUD added a modest $3M, extending a steady trend of inflows into that category. On the outflow side, Long Yen exposure shed $6M and Long EUR lost $5M, while Short USD gave back $3M, partially offsetting the broader dollar-driven gains. The net result reflects continued investor preference for long-dollar positioning even as several single-currency products saw modest redemptions.
Currency Flows Summary
| Currency | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Long: USD | 2 | $820M | $27M | $112M | -$75M | $353M | $415M |
| Long: AUD | 1 | $97M | $3M | $3M | -$0M | $7M | $17M |
| Long | Short: Multi | 1 | $213M | $0M | -$152M | -$128M | $182M | $211M |
| Long: CAD | 1 | $66M | $0M | $0M | -$4M | -$7M | -$17M |
| Long: CHF | 1 | $369M | $0M | -$16M | -$37M | -$7M | -$7M |
| Long: Emerging | 1 | $20M | $0M | $0M | $4M | $6M | $10M |
| Long: GBP | 1 | $103M | $0M | $19M | $26M | $26M | $14M |
| Short: Yen | 1 | $27M | $0M | $0M | -$3M | -$10M | -$15M |
| Short: USD | 1 | $96M | -$3M | -$7M | -$12M | -$40M | -$53M |
| Long: EUR | 3 | $379M | -$5M | -$22M | $3M | -$69M | -$113M |
| Long: Yen | 2 | $464M | -$6M | -$30M | -$20M | -$53M | -$63M |
Top & Bottom 5 ETFs by 5-Day Flow
UUP led all funds with $19M in weekly inflows, followed by USDU at $8M, both reinforcing the dollar-bullish flow theme. FXA also drew a smaller $3M. On the outflow side, FXY led redemptions with $6M withdrawn, followed by EUO at $5M, both consistent with the week’s broader rotation away from yen and euro-short positioning.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| UUP | Invesco DB US Dollar Index Bullish Fund | $19M |
| USDU | WisdomTree Bloomberg US Dollar Bullish Fund | $8M |
| FXA | Invesco CurrencyShares Australian Dollar Trust | $3M |
| FXF | Invesco CurrencyShares Swiss Franc Trust | $0M |
| FXE | Invesco CurrencyShares Euro Trust | $0M |
| Outflows | ||
| FXY | Invesco Currencyshares Japanese Yen Trust | -$6M |
| EUO | ProShares UltraShort Euro | -$5M |
| UDN | Invesco DB US Dollar Index Bearish Fund | -$3M |
| FXF | Invesco CurrencyShares Swiss Franc Trust | $0M |
| FXE | Invesco CurrencyShares Euro Trust | $0M |
Issuer League Table Update
Invesco remains the dominant issuer in the Currency channel, commanding a 74.83% share of assets with $1.99B across 8 funds, while WisdomTree ranks second with 13.17% share and $350M in assets. Invesco also led weekly inflows with $14M, followed by WisdomTree at $8M, together accounting for the bulk of the channel’s net creation activity. ProShares recorded the largest weekly outflow among issuers at $5M, despite holding a smaller 3.98% share of total channel assets. Simplify, the sole single-fund issuer in the group, saw flat flows for the week.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| Invesco | 8 | $1.99B | 74.83% |
| WisdomTree | 2 | $350M | 13.17% |
| Simplify | 1 | $213M | 8.02% |
| ProShares | 4 | $106M | 3.98% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| Invesco | $14M |
| WisdomTree | $8M |
| Simplify | $0M |
| Outflows | |
| ProShares | -$5M |
| Simplify | $0M |
| WisdomTree | $8M |
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.
