Weekly Channel Summary
The Currency ETF channel, comprising 15 ETFs from 4 issuers, currently holds a total of $2.30 billion in Assets Under Management (AUM). Over the past week, the channel saw net inflows of $40 million. Year-to-date, the channel has attracted a significant $505 million in new assets, contributing to a total of $675 million in flows over the past year. This indicates steady investor interest in currency-focused strategies throughout the year.
This Week’s Performance Leaders and Laggards
This week’s performance was led by the ‘Long | Short: Multi’ category, which posted a strong Week-to-Date (WTD) return of 2.76%. On the other end of the spectrum, the ‘Short: Yen’ category was the primary laggard with a WTD return of -1.26%. Despite its recent downturn, the ‘Short: Yen’ category remains positive with an 8.27% return over the past year, highlighting the volatile nature of currency markets.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Long | Short: Multi | 2.76% | 1.34% | 7.26% | 14.92% | – | – |
| Long: CHF | 1.51% | -0.76% | 1.43% | 3.21% | 13.93% | 8.71% |
| Long: Yen | 1.33% | -4.07% | -2.76% | -9.56% | 3.83% | -3.95% |
| Long: GBP | 0.70% | -1.78% | 0.45% | 2.42% | 9.09% | 5.74% |
| Short: USD | 0.63% | -1.43% | 0.73% | 1.77% | 11.71% | 7.16% |
| Long: Emerging | 0.52% | -0.56% | 2.25% | 6.67% | 11.10% | 9.17% |
| Long: EUR | 0.28% | -0.38% | 0.52% | 1.56% | 6.61% | 4.26% |
| Long: CAD | -0.40% | -2.02% | -2.00% | -1.01% | 2.81% | -1.18% |
| Long: USD | -0.45% | 1.94% | 1.21% | 1.53% | -4.76% | 0.12% |
| Long: AUD | -0.80% | -2.70% | 0.37% | 2.42% | 5.78% | -1.96% |
| Short: Yen | -1.26% | 5.62% | 4.54% | 15.71% | -3.07% | 8.27% |
Top & Bottom 5 ETFs by Weekly Performance
The standout performer this week was the Simplify Currency Strategy ETF (FOXY), which gained an impressive 2.76%. On the flip side, the ProShares UltraShort Yen (YCS) and ProShares UltraShort Euro (EUO) were the two worst-performing ETFs, with returns of -1.26% and -0.86% respectively.
| Top Performers | ||
| FOXY | Simplify Currency Strategy ETF | 2.76% |
| FXF | Invesco CurrencyShares Swiss Franc Trust | 1.51% |
| YCL | ProShares Ultra Yen | 1.33% |
| FXY | Invesco Currencyshares Japanese Yen Trust | 1.33% |
| ULE | ProShares Ultra Euro | 0.93% |
| Bottom Performers | ||
| YCS | ProShares UltraShort Yen | -1.26% |
| EUO | ProShares UltraShort Euro | -0.86% |
| FXA | Invesco CurrencyShares Australian Dollar Trust | -0.80% |
| UUP | Invesco DB US Dollar Index Bullish Fund | -0.49% |
| FXC | Invesco CurrencyShares Canadian Dollar Trust | -0.40% |
Analyzing the Weekly Flows
The Currency ETF channel saw a total net inflow of $40 million this week. The ‘Long: USD’ category was the primary recipient, attracting $41 million in new assets and bringing its total AUM to $374 million. The ‘Short: Yen’ category also saw a notable inflow of $2 million. In contrast, the ‘Long: EUR’ category experienced the largest outflows, with $4 million leaving the space.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Long: USD | 2 | $374M | $41M | $61M | $36M | ($274M) | ($56M) |
| Short: Yen | 1 | $32M | $2M | $4M | $9M | $7M | $0M |
| Long | Short: Multi | 1 | $25M | $0M | $6M | $7M | $25M | $25M |
| Long: AUD | 1 | $74M | $0M | $0M | ($23M) | $6M | $9M |
| Long: CAD | 1 | $91M | $0M | $0M | $0M | $28M | $32M |
| Long: CHF | 1 | $395M | $0M | $6M | ($104M) | $223M | $218M |
| Long: Emerging | 1 | $9M | $0M | $0M | ($2M) | $2M | $2M |
| Long: GBP | 1 | $84M | $0M | ($6M) | ($6M) | $20M | $13M |
| Long: Yen | 2 | $558M | $0M | ($45M) | ($256M) | $112M | $89M |
| Short: USD | 1 | $155M | $0M | $6M | $3M | $96M | $83M |
| Long: EUR | 3 | $506M | ($4M) | ($69M) | ($122M) | $262M | $261M |
Top & Bottom 5 ETFs by 5-Day Flow
The top ETF for inflows this week was the Invesco DB US Dollar Index Bullish Fund (UUP), which gathered $31 million. On the other hand, the Invesco CurrencyShares Euro Trust (FXE) saw the largest outflow of the week, with a $5 million redemption.
| Inflows | ||
| UUP | Invesco DB US Dollar Index Bullish Fund | $31M |
| USDU | WisdomTree Bloomberg US Dollar Bullish Fund | $11M |
| YCS | ProShares UltraShort Yen | $2M |
| EUO | ProShares UltraShort Euro | $1M |
| CEW | WisdomTree Emerging Currency Strategy Fund | $0M |
| Outflows | ||
| FXE | Invesco CurrencyShares Euro Trust | ($5M) |
| ULE | ProShares Ultra Euro | $0M |
| UDN | Invesco DB US Dollar Index Bearish Fund | $0M |
| FXY | Invesco Currencyshares Japanese Yen Trust | $0M |
| FXF | Invesco CurrencyShares Swiss Franc Trust | $0M |
Issuer League Table Update
Invesco continues to dominate the Currency ETF space with an 85.36% market share, followed by WisdomTree at 8.20%. This week, Invesco also led in weekly inflows, gathering $25 million. No top issuer saw significant outflows this week.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| Invesco | 8 | $1.97B | 85.36% |
| WisdomTree | 2 | $0.19B | 8.20% |
| ProShares | 4 | $0.12B | 5.34% |
| Simplify | 1 | $0.03B | 1.10% |
Top & Bottom 3 Issuers by 5-Day Flow
| Inflows | |
| Invesco | $25M |
| WisdomTree | $11M |
| ProShares | $4M |
| Outflows | |
| Simplify | $0M |
For a deeper dive into these trends, access our FREE, in-depth Thematic 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.
