Weekly Channel Summary
The Currency ETF channel manages a total of $2.33B in assets across 15 ETFs from 4 distinct issuers. For the week, the channel experienced net outflows of $23M. Year-to-date, the channel has seen positive momentum with $541M in net inflows, contributing to a total of $633M in inflows over the past year.
This Week’s Performance Leaders and Laggards
Performance this week was led by the Short: Yen category, which posted a Week-to-Date (WTD) return of 2.48%. In contrast, the Long | Short: Multi category lagged significantly, dropping -2.08%. On a Year-to-Date (YTD) basis, the Short: Yen category remains strong with a 7.95% return, while the Long: Yen category remains in negative territory, down -3.64% YTD.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Short: Yen | 2.48% | 1.62% | 15.74% | 22.89% | 7.95% | 8.37% |
| Long: USD | 0.31% | -1.04% | 2.21% | 2.48% | -3.78% | -3.39% |
| Long: Emerging | 0.23% | 1.08% | 1.85% | 4.76% | 13.29% | 13.25% |
| Long: GBP | 0.09% | 2.34% | -0.34% | 0.49% | 9.26% | 9.16% |
| Long: CHF | -0.01% | 1.05% | -0.22% | 2.48% | 13.35% | 12.29% |
| Long: CAD | -0.03% | 1.83% | -0.03% | -0.51% | 4.83% | 4.76% |
| Long: EUR | -0.05% | 0.62% | 0.23% | 1.29% | 7.01% | 6.95% |
| Short: USD | -0.18% | 1.90% | -0.57% | 1.17% | 11.85% | 11.86% |
| Long: AUD | -0.53% | 2.30% | 0.39% | 1.91% | 7.95% | 6.93% |
| Long: Yen | -1.73% | -1.03% | -9.74% | -13.10% | -3.64% | -3.62% |
| Long | Short: Multi | -2.08% | -1.85% | 3.21% | 9.52% | — | — |
Top & Bottom 5 ETFs by Weekly Performance
The top performing fund this week was YCS (ProShares UltraShort Yen), which gained 2.48%. On the downside, YCL (ProShares Ultra Yen) and FOXY (Simplify Currency Strategy ETF) struggled, returning -2.43% and -2.08% respectively.
| Top Performers | ||
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| YCS | ProShares UltraShort Yen | 2.48% |
| EUO | ProShares UltraShort Euro | 0.63% |
| USDU | WisdomTree Bloomberg US Dollar Bullish Fund | 0.32% |
| UUP | Invesco DB US Dollar Index Bullish Fund | 0.29% |
| CEW | WisdomTree Emerging Currency Strategy Fund | 0.23% |
| Bottom Performers | ||
| Ticker | Fund Name | WTD Performance |
| YCL | ProShares Ultra Yen | -2.43% |
| FOXY | Simplify Currency Strategy ETF | -2.08% |
| FXY | Invesco Currencyshares Japanese Yen Trust | -1.02% |
| ULE | ProShares Ultra Euro | -0.54% |
| FXA | Invesco CurrencyShares Australian Dollar Trust | -0.53% |
Analyzing the Weekly Flows
The channel saw a total net flow of -$23M this week. The Long: AUD category led inflows, gathering $7M, bringing its total AUM to $85M. The Long: Yen category also saw positive movement with $5M in inflows. On the other end, the Long: GBP category experienced the largest outflows of -$13M.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Long: AUD | 1 | $85M | $7M | $10M | $10M | $16M | $22M |
| Long: Yen | 2 | $528M | $5M | $20M | ($52M) | $102M | $99M |
| Long | Short: Multi | 1 | $54M | $0M | ($4M) | $34M | $54M | $54M |
| Long: CHF | 1 | $395M | $0M | $0M | $0M | $223M | $223M |
| Long: Emerging | 1 | $12M | $0M | $0M | $2M | $4M | $4M |
| Short: USD | 1 | $139M | $0M | ($10M) | ($11M) | $79M | $79M |
| Short: Yen | 1 | $35M | ($3M) | ($5M) | $4M | $6M | $6M |
| Long: CAD | 1 | $75M | ($4M) | ($7M) | ($18M) | $11M | $11M |
| Long: EUR | 3 | $474M | ($5M) | $0M | ($97M) | $228M | $228M |
| Long: USD | 2 | $456M | ($10M) | ($19M) | $141M | ($194M) | ($105M) |
| Long: GBP | 1 | $77M | ($13M) | ($13M) | ($13M) | $13M | $13M |
Top & Bottom 5 ETFs by 5-Day Flow
In terms of individual flows, FXA (Invesco CurrencyShares Australian Dollar Trust) took the top spot with $7M in inflows. Conversely, FXB (Invesco CurrencyShares British Pound Sterling Trust) and UUP (Invesco DB US Dollar Index Bullish Fund) saw the heaviest outflows, shedding -$13M and -$10M respectively.
| Inflows | ||
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| FXA | Invesco CurrencyShares Australian Dollar Trust | $7M |
| FXY | Invesco Currencyshares Japanese Yen Trust | $3M |
| YCL | ProShares Ultra Yen | $2M |
| CEW | WisdomTree Emerging Currency Strategy Fund | $0M |
| EUO | ProShares UltraShort Euro | $0M |
| Outflows | ||
| Ticker | Fund Name | 5-Day Flow |
| FXB | Invesco CurrencyShares British Pound Sterling Trust | ($13M) |
| UUP | Invesco DB US Dollar Index Bullish Fund | ($10M) |
| FXE | Invesco CurrencyShares Euro Trust | ($5M) |
| FXC | Invesco CurrencyShares Canadian Dollar Trust | ($4M) |
| YCS | ProShares UltraShort Yen | ($3M) |
Issuer League Table Update
Invesco and WisdomTree dominate the landscape, holding 82.16% and 10.10% of the market share respectively. In terms of weekly flows, Simplify and WisdomTree were effectively flat, technically leading the group, while Invesco experienced the most significant outflows.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| Invesco | 8 | $1.92B | 82.16% |
| WisdomTree | 2 | $0.24B | 10.10% |
| ProShares | 4 | $0.13B | 5.39% |
| Simplify | 1 | $0.05B | 2.34% |
Top & Bottom 3 Issuers by 5-Day Flow
| Inflows | |
| Brand | 5-Day Flow |
|---|---|
| Simplify | $0M |
| WisdomTree | $0M |
| ProShares | ($1M) |
| Outflows | |
| Brand | 5-Day Flow |
| Invesco | ($22M) |
| ProShares | ($1M) |
| WisdomTree | $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.
