Weekly Channel Summary
The Currency ETF channel ended the week with $2.321 billion in total assets across 15 ETFs from 4 issuers. Flow activity was muted but slightly negative, with the channel seeing ($2M) in net outflows over the past 5 days. Despite the quiet week, the space remains in positive territory for the year, with $539M in year-to-date inflows and $557M over the past year.
This Week’s Performance Leaders and Laggards
Currencies were mixed this week, with the Long: AUD category leading the pack, posting a 1.64% return. The Long: GBP category also performed well, gaining 1.14%. On the flip side, the Long | Short: Multi category lagged, declining by -1.43%, followed closely by Short: Yen. Year-to-date, Long: AUD remains a strong performer with a 9.72% gain, while the Multi-strategy category has struggled.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Long: AUD | 1.64% | 3.23% | 2.88% | 3.05% | 9.72% | 9.29% |
| Long: GBP | 1.14% | 2.30% | 1.36% | -0.51% | 10.50% | 10.67% |
| Long: Yen | 1.04% | -0.30% | -7.34% | -12.70% | -2.65% | -2.07% |
| Long: CAD | 0.93% | 2.93% | 2.14% | 0.02% | 5.80% | 6.05% |
| Long: CHF | 0.87% | 2.08% | 1.08% | 1.11% | 14.34% | 13.60% |
| Short: USD | 0.61% | 1.78% | 0.55% | -0.05% | 12.53% | 12.16% |
| Long: Emerging | 0.61% | 1.42% | 2.98% | 4.41% | 13.98% | 13.57% |
| Long: EUR | 0.23% | 0.69% | 0.62% | 0.88% | 7.41% | 7.06% |
| Long: USD | -0.61% | -1.19% | 1.00% | 3.35% | -4.37% | -3.91% |
| Short: Yen | -1.34% | 0.75% | 11.68% | 22.25% | 6.50% | 5.87% |
| Long | Short: Multi | -1.43% | -2.90% | 0.65% | 7.85% | — | — |
Top & Bottom 5 ETFs by Weekly Performance
The FXA (Invesco CurrencyShares Australian Dollar Trust) took the top spot this week with a gain of 1.64%. On the downside, the FOXY (Simplify Currency Strategy ETF) and YCS (ProShares UltraShort Yen) were the week’s biggest laggards.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| FXA | Invesco CurrencyShares Australian Dollar Trust | 1.64% |
| YCL | ProShares Ultra Yen | 1.42% |
| FXB | Invesco CurrencyShares British Pound Sterling Trust | 1.14% |
| ULE | ProShares Ultra Euro | 1.06% |
| FXC | Invesco CurrencyShares Canadian Dollar Trust | 0.93% |
| Bottom Performers | ||
| FOXY | Simplify Currency Strategy ETF | -1.43% |
| YCS | ProShares UltraShort Yen | -1.34% |
| EUO | ProShares UltraShort Euro | -0.97% |
| USDU | WisdomTree Bloomberg US Dollar Bullish Fund | -0.73% |
| UUP | Invesco DB US Dollar Index Bullish Fund | -0.49% |
Analyzing the Weekly Flows
The channel saw a minor retreat in assets this week with ($2M) in total net outflows. The Short: USD category attracted the most capital, pulling in $4M (AUM: $139M), while the Long: AUD category also saw positive movement with $3M in inflows. On the other end of the spectrum, the Long: USD category experienced the largest outflows of ($5M).
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Short: USD | 1 | $139M | $4M | ($2M) | ($11M) | $83M | $83M |
| Long: AUD | 1 | $90M | $3M | $10M | $13M | $19M | $19M |
| Long: Emerging | 1 | $14M | $2M | $2M | $4M | $6M | $6M |
| Long | Short: Multi | 1 | $53M | $0M | ($6M) | $31M | $54M | $54M |
| Long: CAD | 1 | $75M | $0M | ($4M) | ($18M) | $11M | $11M |
| Long: CHF | 1 | $398M | $0M | $0M | $0M | $223M | $223M |
| Long: GBP | 1 | $78M | $0M | ($13M) | ($6M) | $13M | $13M |
| Long: Yen | 2 | $527M | $0M | $20M | ($40M) | $102M | $99M |
| Short: Yen | 1 | $35M | $0M | ($3M) | $6M | $6M | $6M |
| Long: EUR | 3 | $471M | ($5M) | $0M | ($80M) | $223M | $223M |
| Long: USD | 2 | $441M | ($5M) | ($71M) | $130M | ($199M) | ($178M) |
Top & Bottom 5 ETFs by 5-Day Flow
Leading inflows for the week was the UDN (Invesco DB US Dollar Index Bearish Fund), while USDU (WisdomTree Bloomberg US Dollar Bullish Fund) and FXE (Invesco CurrencyShares Euro Trust) saw the most significant outflows.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| UDN | Invesco DB US Dollar Index Bearish Fund | $4M |
| FXA | Invesco CurrencyShares Australian Dollar Trust | $3M |
| UUP | Invesco DB US Dollar Index Bullish Fund | $3M |
| CEW | WisdomTree Emerging Currency Strategy Fund | $2M |
| EUO | ProShares UltraShort Euro | $0M |
| Outflows | ||
| USDU | WisdomTree Bloomberg US Dollar Bullish Fund | ($8M) |
| FXE | Invesco CurrencyShares Euro Trust | ($5M) |
| FOXY | Simplify Currency Strategy ETF | $0M |
| FXB | Invesco CurrencyShares British Pound Sterling Trust | $0M |
| FXC | Invesco CurrencyShares Canadian Dollar Trust | $0M |
Issuer League Table Update
Invesco and WisdomTree continue to dominate the landscape, holding the top two spots for market share. Invesco gathered the most in weekly inflows with $4M, while WisdomTree saw the largest outflows of ($6M).
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| Invesco | 8 | $1.91B | 82.45% |
| WisdomTree | 2 | $0.23B | 9.84% |
| ProShares | 4 | $0.13B | 5.41% |
| Simplify | 1 | $0.05B | 2.30% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| Invesco | $4M |
| ProShares | $0M |
| Simplify | $0M |
| Outflows | |
| WisdomTree | ($6M) |
| Simplify | $0M |
| 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.
