Weekly Channel Summary
The Currency ETF channel, encompassing 15 ETFs from 4 issuers, holds a total AUM of $2.285 billion. The channel experienced net inflows of $31 million over the past week, contributing to a year-to-date (YTD) inflow of $547 million. Over the past year, the channel has gathered $701 million in new assets.
This Week’s Performance Leaders and Laggards
This week, performance was led by the ‘Long | Short: Multi’ category, which gained 1.54%. The primary laggard was the ‘Long: AUD’ category, declining by -1.11% week-to-date. Year-to-date, ‘Long: CHF’ remains a strong performer with a 12.17% return, while ‘Long: USD’ has lagged with a -3.45% return.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Long | Short: Multi | 1.54% | 2.98% | 8.04% | 17.69% | ||
| Long: Yen | 0.69% | -1.88% | -6.67% | -10.82% | 0.75% | -4.00% |
| Short: USD | 0.24% | -0.95% | -0.84% | 0.70% | 10.45% | 6.48% |
| Long: GBP | 0.16% | -1.89% | -1.30% | -0.42% | 7.29% | 3.81% |
| Long: Emerging | 0.14% | 0.43% | 1.99% | 4.83% | 11.40% | 9.01% |
| Long: EUR | 0.12% | -0.13% | 0.23% | 1.25% | 6.10% | 3.90% |
| Long: USD | -0.06% | 1.38% | 2.64% | 2.60% | -3.45% | 1.11% |
| Long: CHF | -0.26% | -0.88% | 0.27% | 1.68% | 12.17% | 7.86% |
| Long: CAD | -0.45% | -0.89% | -2.12% | -1.88% | 2.66% | -0.85% |
| Short: Yen | -0.71% | 2.65% | 11.09% | 18.19% | 1.24% | 8.81% |
| Long: AUD | -1.11% | -1.67% | -0.11% | 0.59% | 5.63% | -1.97% |
Top & Bottom 5 ETFs by Weekly Performance
The week’s best-performing ETF was the Simplify Currency Strategy ETF (FOXY), which returned 1.54%. On the other end, the Invesco CurrencyShares Australian Dollar Trust (FXA) was the worst performer with a -1.11% return, followed by the ProShares UltraShort Yen (YCS) with a -0.71% return.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| FOXY | Simplify Currency Strategy ETF | 1.54% |
| YCL | ProShares Ultra Yen | 0.78% |
| ULE | ProShares Ultra Euro | 0.62% |
| FXY | Invesco Currencyshares Japanese Yen Trust | 0.59% |
| FXE | Invesco CurrencyShares Euro Trust | 0.29% |
| Bottom Performers | ||
| FXA | Invesco CurrencyShares Australian Dollar Trust | -1.11% |
| YCS | ProShares UltraShort Yen | -0.71% |
| EUO | ProShares UltraShort Euro | -0.55% |
| FXC | Invesco CurrencyShares Canadian Dollar Trust | -0.45% |
| FXF | Invesco CurrencyShares Swiss Franc Trust | -0.26% |
Analyzing the Weekly Flows
The Currency ETF channel saw total net inflows of $31 million this past week. The ‘Long: USD’ category was the sole driver of these gains, attracting $69 million in new assets. This category currently has $443 million in AUM. The most significant outflows came from the ‘Long: EUR’ category, which shed ($21 million), followed by ‘Long: Yen’ which lost ($12 million).
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Long: USD | 2 | $443M | $69M | $148M | $96M | ($172M) | $24M |
| Long | Short: Multi | 1 | $26M | $0M | $0M | $7M | $25M | $25M |
| Long: AUD | 1 | $74M | $0M | $0M | ($6M) | $6M | $9M |
| Long: CAD | 1 | $80M | $0M | ($11M) | ($14M) | $18M | $18M |
| Long: CHF | 1 | $387M | $0M | $0M | $6M | $223M | $218M |
| Long: Emerging | 1 | $9M | $0M | $0M | $0M | $2M | $2M |
| Long: GBP | 1 | $88M | $0M | $6M | $6M | $26M | $26M |
| Short: Yen | 1 | $36M | $0M | $5M | $0M | $9M | $4M |
| Short: USD | 1 | $151M | ($5M) | ($6M) | ($2M) | $89M | $77M |
| Long: Yen | 2 | $520M | ($12M) | ($42M) | ($82M) | $88M | $56M |
| Long: EUR | 3 | $472M | ($21M) | ($47M) | ($99M) | $234M | $243M |
Top & Bottom 5 ETFs by 5-Day Flow
The Invesco DB US Dollar Index Bullish Fund (UUP) led all ETFs with $35 million in new assets. The largest outflows were seen by the Invesco CurrencyShares Euro Trust (FXE), which lost ($21 million), and the Invesco Currencyshares Japanese Yen Trust (FXY), which saw ($12 million) in outflows.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| UUP | Invesco DB US Dollar Index Bullish Fund | $35M |
| USDU | Wisdom Tree Bloomberg US Dollar Bullish Fund | $34M |
| FXB | Invesco CurrencyShares British Pound Sterling Trust | $0M |
| CEW | WisdomTree Emerging Currency Strategy Fund | $0M |
| EUO | ProShares UltraShort Euro | $0M |
| Outflows | ||
| FXE | Invesco CurrencyShares Euro Trust | ($21M) |
| FXY | Invesco Currencyshares Japanese Yen Trust | ($12M) |
| UDN | Invesco DB US Dollar Index Bearish Fund | ($5M) |
Issuer League Table Update
Invesco continues to dominate the issuer landscape, holding 84.41% of the channel’s market share, followed by WisdomTree with 8.99%. This week, WisdomTree led in asset gathering with $34 million in net inflows. Invesco, the largest issuer, saw minor net outflows of ($2 million).
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| Invesco | 8 | $1.93B | 84.41% |
| WisdomTree | 2 | $0.21B | 8.99% |
| ProShares | 4 | $0.13B | 5.48% |
| Simplify | 1 | $0.03B | 1.12% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| WisdomTree | $34M |
| ProShares | $0M |
| Simplify | $0M |
| Outflows | |
| Invesco | ($2M) |
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.
