Weekly Channel Summary
The Currency ETF channel currently manages a total Assets Under Management (AUM) of $2.94B across 15 ETFs, represented by 4 unique issuers. For the week, the channel generated net flows of $17M. Year-to-date, total flows remain strongly positive at $643M, contributing to a 1-year flow total of $141M.
This Week’s Performance Leaders and Laggards
The Short: Yen category led performance this week with a 1.66% return, elevating its YTD return to an impressive 9.15%. Conversely, the Long: GBP category was the primary laggard, dropping -1.19% for the week, leaving its YTD status in negative territory at -0.54%.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Short: Yen | 1.66% | 3.74% | 3.57% | 10.94% | 9.15% | 32.80% |
| Long | Short: Multi | 1.38% | 1.91% | -0.29% | 9.46% | 12.15% | 20.42% |
| Long: USD | 1.06% | 1.96% | 1.54% | 3.81% | 3.86% | 6.15% |
| Long: AUD | -0.19% | -1.58% | -0.20% | 7.02% | 6.13% | 9.19% |
| Long: EUR | -0.22% | -0.27% | 0.28% | 0.05% | -0.04% | 1.28% |
| Long: Emerging | -0.29% | 0.89% | 2.38% | 3.69% | 2.91% | 8.43% |
| Long: CHF | -0.75% | -2.08% | -1.76% | -1.30% | -1.50% | 1.38% |
| Long: Yen | -0.98% | -2.28% | -1.88% | -6.27% | -5.17% | -16.86% |
| Long: CAD | -1.07% | -2.68% | -2.96% | -2.45% | -2.87% | -2.81% |
| Short: USD | -1.09% | -1.53% | -0.29% | -1.65% | -1.79% | -0.35% |
| Long: GBP | -1.19% | -0.89% | -0.01% | -0.04% | -0.54% | 0.68% |
Top & Bottom 5 ETFs by Weekly Performance
Highlighting individual funds, the single best-performing ETF for the week was the ProShares UltraShort Euro (EUO) with a 2.04% return. On the other end of the spectrum, the two worst-performing funds were the ProShares Ultra Euro (ULE) plunging -1.95% and the ProShares Ultra Yen (YCL) trailing at -1.55%.
| Top Performers | ||
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| EUO | ProShares UltraShort Euro | 2.04% |
| YCS | ProShares UltraShort Yen | 1.66% |
| FOXY | Simplify Currency Strategy ETF | 1.38% |
| UUP | Invesco DB US Dollar Index Bullish Fund | 1.18% |
| USDU | WisdomTree Bloomberg US Dollar Bullish Fund | 0.93% |
| Bottom Performers | ||
| Ticker | Fund Name | WTD Performance |
| ULE | ProShares Ultra Euro | -1.95% |
| YCL | ProShares Ultra Yen | -1.55% |
| FXB | Invesco CurrencyShares British Pound Sterling Trust | -1.19% |
| UDN | Invesco DB US Dollar Index Bearish Fund | -1.09% |
| FXC | Invesco CurrencyShares Canadian Dollar Trust | -1.07% |
Analyzing the Weekly Flows
The channel registered positive net momentum, logging total net flows of $17M over the past 5 days. The category driving this growth was Long: USD, which collected $35M to expand its AUM to $821M. Conversely, no other category saw significant inflows this week, while the largest outflows were concentrated in the Long: CHF category, which lost -$17M.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Long: USD | 2 | $821M | $35M | $131M | -$93M | $369M | $454M |
| Long | Short: Multi | 1 | $321M | $0M | $16M | $205M | $264M | $303M |
| Long: AUD | 1 | $105M | $0M | $0M | $0M | $14M | $1M |
| Long: CAD | 1 | $73M | $0M | $0M | -$11M | $0M | -$17M |
| Long: Emerging | 1 | $16M | $0M | $0M | $0M | $2M | $4M |
| Long: EUR | 3 | $458M | $0M | $9M | -$20M | -$1M | -$151M |
| Long: GBP | 1 | $77M | $0M | -$6M | $7M | $1M | -$6M |
| Long: Yen | 2 | $470M | $0M | -$6M | -$57M | -$39M | -$381M |
| Short: Yen | 1 | $30M | $0M | $0M | -$3M | -$7M | $1M |
| Short: USD | 1 | $115M | -$2M | -$9M | -$27M | -$21M | -$26M |
| Long: CHF | 1 | $456M | -$17M | -$28M | -$67M | $63M | -$41M |
Top & Bottom 5 ETFs by 5-Day Flow
At the product level, the top ETF for inflows by total dollar amount was the Invesco DB US Dollar Index Bullish Fund (UUP), collecting $21M. On the negative side, the top two ETFs experiencing outflows were the Invesco CurrencyShares Swiss Franc Trust (FXF) reporting -$17M out the door, and the Invesco DB US Dollar Index Bearish Fund (UDN) logging -$2M.
| Inflows | ||
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| UUP | Invesco DB US Dollar Index Bullish Fund | $21M |
| USDU | WisdomTree Bloomberg US Dollar Bullish Fund | $14M |
| CEW | WisdomTree Emerging Currency Strategy Fund | $0M |
| EUO | ProShares UltraShort Euro | $0M |
| FOXY | Simplify Currency Strategy ETF | $0M |
| Outflows | ||
| Ticker | Fund Name | 5-Day Flow |
| FXF | Invesco CurrencyShares Swiss Franc Trust | -$17M |
| UDN | Invesco DB US Dollar Index Bearish Fund | -$2M |
| FXE | Invesco CurrencyShares Euro Trust | $0M |
| FXA | Invesco CurrencyShares Australian Dollar Trust | $0M |
| FXB | Invesco CurrencyShares British Pound Sterling Trust | $0M |
Issuer League Table Update
Invesco and WisdomTree comfortably maintain their positions as the top two issuers by market share, retaining 70.81% and 14.78% of the currency ETF AUM landscape. Looking at fresh capital, WisdomTree secured the most in weekly inflows, gaining $14M across its lineup. Notably, none of the active top issuers saw aggregate weekly outflows, with ProShares holding completely flat at $0M.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| Invesco | 8 | $2.08B | 70.81% |
| WisdomTree | 2 | $0.43B | 14.78% |
| Simplify | 1 | $0.32B | 10.92% |
| ProShares | 4 | $0.10B | 3.50% |
Top & Bottom 3 Issuers by 5-Day Flow
| Inflows | |
| Brand | 5-Day Flow |
|---|---|
| WisdomTree | $14M |
| Invesco | $2M |
| Simplify | $0M |
| Outflows | |
| Brand | 5-Day Flow |
| ProShares | $0M |
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.
