Weekly Channel Summary
The Currency ETF channel closed the week with $2.36 billion in total assets under management. This AUM is distributed across 15 ETFs from 4 different issuers. For the week, the channel saw net inflows of $20 million, bringing the year-to-date total to $567 million. Over the past year, the channel has gathered $738 million in new assets.
This Week’s Performance Leaders and Laggards
It was a strong week for strategies long the Swiss Franc, with the Long: CHF category leading all performance with a 1.42% return, remaining strong at 13.76% year-to-date. The primary laggard was the Long: Yen category, which fell 0.83% this week, though it remains positive for the year at 1.41% YTD.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Long: CHF | 1.42% | 1.01% | 1.58% | 5.52% | 13.76% | 11.37% |
| Long: AUD | 1.17% | 1.05% | 0.93% | 1.91% | 6.87% | 2.28% |
| Long | Short: Multi | 0.80% | 3.79% | 8.98% | 12.95% | ||
| Long: Emerging | 0.74% | 1.83% | 2.25% | 5.33% | 12.23% | 11.65% |
| Long: EUR | 0.36% | 0.22% | -0.24% | 3.94% | 13.08% | 10.96% |
| Short: USD | 0.35% | -0.12% | -0.69% | 2.36% | 10.83% | 9.28% |
| Long: CAD | 0.33% | 0.11% | -1.60% | -0.29% | 3.00% | 0.51% |
| Long: GBP | -0.06% | -0.98% | -2.51% | -0.07% | 7.23% | 6.06% |
| Long: USD | -0.21% | 0.62% | 2.28% | 1.15% | -3.65% | -1.35% |
| Long: Yen | -0.83% | -1.70% | -4.60% | -5.44% | 1.41% | 0.59% |
Top & Bottom 5 ETFs by Weekly Performance
The week’s top individual performer was the FXF (Invesco CurrencyShares Swiss Franc Trust), which gained 1.42%. The biggest laggards were the FXY (Invesco Currencyshares Japanese Yen Trust) and UUP (Invesco DB US Dollar Index Bullish Fund), which posted returns of -0.83% and -0.22%, respectively.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| FXF | Invesco CurrencyShares Swiss Franc Trust | 1.42% |
| FXA | Invesco CurrencyShares Australian Dollar Trust | 1.17% |
| FOXY | Simplify Currency Strategy ETF | 0.80% |
| CEW | WisdomTree Emerging Currency Strategy Fund | 0.74% |
| FXE | Invesco CurrencyShares Euro Trust | 0.36% |
| Bottom Performers | ||
| FXY | Invesco Currencyshares Japanese Yen Trust | -0.83% |
| UUP | Invesco DB US Dollar Index Bullish Fund | -0.22% |
| USDU | WisdomTree Bloomberg US Dollar Bullish Fund | -0.20% |
| FXB | Invesco CurrencyShares British Pound Sterling Trust | -0.06% |
| FXC | Invesco CurrencyShares Canadian Dollar Trust | 0.33% |
Analyzing the Weekly Flows
The Currency channel saw total net inflows of $20 million for the week. The vast majority of this came from the Long | Short: Multi category, which pulled in $30 million in new assets on a base of just $56 million AUM. The Long: Emerging category also saw modest inflows of $2 million. The largest outflows came from the Long: USD category, which shed $9 million.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Long | Short: Multi | 1 | $56M | $30M | $30M | $37M | $55M | $55M |
| Long: Emerging | 1 | $11M | $2M | $2M | $2M | $4M | $4M |
| Short: Yen | 1 | $39M | $2M | $7M | $0M | $11M | $7M |
| Long: AUD | 1 | $75M | $0M | $0M | ($3M) | $6M | $9M |
| Long: CAD | 1 | $80M | $0M | ($11M) | ($11M) | $18M | $18M |
| Long: CHF | 1 | $396M | $0M | $0M | $11M | $223M | $223M |
| Long: GBP | 1 | $89M | $0M | $6M | $6M | $26M | $26M |
| Long: Yen | 2 | $520M | $0M | ($24M) | ($72M) | $88M | $62M |
| Short: USD | 1 | $148M | $0M | ($6M) | $0M | $89M | $77M |
| Long: EUR | 3 | $472M | ($5M) | ($38M) | ($89M) | $229M | $237M |
| Long: USD | 2 | $471M | ($9M) | $98M | $97M | ($181M) | $21M |
Top & Bottom 5 ETFs by 5-Day Flow
The top-gathering ETF by a wide margin was the FOXY (Simplify Currency Strategy ETF), which pulled in $30 million. The largest outflows came from the USDU (WisdomTree Bloomberg US Dollar Bullish Fund) at -$8 million and the FXE (Invesco CurrencyShares Euro Trust) at -$5 million.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| FOXY | Simplify Currency Strategy ETF | $30M |
| YCS | ProShares UltraShort Yen | $2M |
| CEW | WisdomTree Emerging Currency Strategy Fund | $2M |
| EUO | ProShares UltraShort Euro | $0M |
| FXA | Invesco CurrencyShares Australian Dollar Trust | $0M |
| Outflows | ||
| USDU | WisdomTree Bloomberg US Dollar Bullish Fund | ($8M) |
| FXE | Invesco CurrencyShares Euro Trust | ($5M) |
| UUP | Invesco DB US Dollar Index Bullish Fund | ($1M) |
| FXB | Invesco CurrencyShares British Pound Sterling Trust | $0M |
| FXC | Invesco CurrencyShares Canadian Dollar Trust | $0M |
Issuer League Table Update
Invesco continues to dominate the Currency channel, holding 82.73% of the market share, followed by WisdomTree at 9.50%. The week’s flow leader among issuers was Simplify, which captured $30 million in inflows. Invesco saw the largest outflows among the top issuers, with a net loss of $7 million.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| Invesco | 8 | $1.95B | 82.73% |
| WisdomTree | 2 | $0.22B | 9.50% |
| ProShares | 4 | $0.13B | 5.39% |
| Simplify | 1 | $0.06B | 2.38% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| Simplify | $30M |
| ProShares | $2M |
| Outflows | |
| Invesco | -$7M |
| WisdomTree | -$6M |
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.
