Weekly Channel Summary
The Currency ETF Channel currently encompasses 15 ETFs managed by 4 distinct issuers, accounting for a total Assets Under Management (AUM) of $2.78 billion. The overall channel experienced significant positive momentum recently, registering a total 5-Day Flow of +$169M. Looking at broader time horizons, the space has attracted +$476M in Year-to-Date (YTD) net inflows and a substantial +$877M over the past 1-Year period.
This Week’s Performance Leaders and Laggards
Currency strategies displayed mixed returns this week, with the Short: Yen category taking the lead by gaining +2.38% WTD, boosting its YTD return to +5.06%. Conversely, the Long: Yen category proved to be the primary laggard, dropping -1.75% WTD, pushing its YTD performance further into the red at -3.24%.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Short: Yen | +2.38% | +9.87% | +6.60% | +21.19% | +5.06% | +25.15% |
| Long: USD | +1.30% | +3.63% | +2.53% | +4.64% | +2.48% | +1.24% |
| Long | Short: Multi | +0.66% | +2.35% | +7.33% | +12.57% | +11.81% | +22.27% |
| Long: AUD | 0.00% | -0.72% | +5.67% | +5.93% | +5.24% | +12.60% |
| Long: Emerging | -0.27% | -2.63% | +0.89% | +2.73% | +0.08% | +9.55% |
| Long: EUR | -0.34% | -0.84% | -0.45% | -0.02% | -0.55% | +3.08% |
| Long: CAD | -0.81% | -0.74% | +0.35% | +0.91% | -0.20% | +5.19% |
| Long: GBP | -0.86% | -2.60% | -0.35% | -1.30% | -1.17% | +4.68% |
| Long: CHF | -1.30% | -2.54% | +0.62% | +0.58% | +0.19% | +11.47% |
| Short: USD | -1.36% | -3.34% | -1.66% | -2.11% | -1.77% | +4.97% |
| Long: Yen | -1.75% | -6.45% | -4.17% | -12.29% | -3.24% | -13.75% |
Top & Bottom 5 ETFs by Weekly Performance
On an individual fund level, the best performing ETF this week was the EUO (ProShares UltraShort Euro), soaring +3.31%. Conversely, the two worst-performing ETFs were ULE (ProShares Ultra Euro) dropping -3.17% and YCL (ProShares Ultra Yen) declining -2.26%.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| EUO | ProShares UltraShort Euro | +3.31% |
| YCS | ProShares UltraShort Yen | +2.38% |
| UUP | Invesco DB US Dollar Index Bullish Fund | +1.44% |
| USDU | WisdomTree Bloomberg US Dollar Bullish Fund | +1.15% |
| FOXY | Simplify Currency Strategy ETF | +0.66% |
| Bottom Performers | ||
| ULE | ProShares Ultra Euro | -3.17% |
| YCL | ProShares Ultra Yen | -2.26% |
| UDN | Invesco DB US Dollar Index Bearish Fund | -1.36% |
| FXF | Invesco CurrencyShares Swiss Franc Trust | -1.30% |
| FXY | Invesco Currencyshares Japanese Yen Trust | -1.23% |
Analyzing the Weekly Flows
The Currency channel recorded net inflows totaling +$169M this week. The Long: USD category dominated the flow activity, capturing an impressive +$200M and elevating its total AUM to $678M. The Long: Yen category also saw minor positive activity with +$2M in net inflows. On the other end of the spectrum, the Long: CHF category experienced the steepest withdrawals, shedding -$17M in net outflows.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Long: USD | 2 | $678M | +$200M | +$252M | +$219M | +$233M | +$93M |
| Long: Yen | 2 | $531M | +$2M | $0M | +$23M | +$18M | -$6M |
| Long | Short: Multi | 1 | $104M | $0M | +$14M | +$44M | +$44M | +$91M |
| Long: AUD | 1 | $102M | $0M | $0M | +$17M | +$10M | +$26M |
| Long: CAD | 1 | $86M | $0M | +$7M | +$7M | +$11M | +$11M |
| Long: Emerging | 1 | $15M | $0M | $0M | +$4M | +$2M | +$8M |
| Long: GBP | 1 | $71M | $0M | $0M | -$19M | -$6M | +$13M |
| Short: USD | 1 | $141M | $0M | -$4M | +$9M | +$5M | +$77M |
| Short: Yen | 1 | $32M | $0M | +$3M | -$7M | -$5M | +$4M |
| Long: EUR | 3 | $490M | -$16M | -$13M | +$18M | +$34M | +$218M |
| Long: CHF | 1 | $529M | -$17M | -$34M | +$131M | +$131M | +$343M |
Top & Bottom 5 ETFs by 5-Day Flow
Driving the influx of capital was USDU (WisdomTree Bloomberg US Dollar Bullish Fund), which amassed a remarkable +$126M in new money. On the outflow side, the heaviest losses hit FXF (Invesco CurrencyShares Swiss Franc Trust) with -$17M and FXE (Invesco CurrencyShares Euro Trust) with -$16M in redemptions.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| USDU | WisdomTree Bloomberg US Dollar Bullish Fund | +$126M |
| UUP | Invesco DB US Dollar Index Bullish Fund | +$74M |
| YCL | ProShares Ultra Yen | +$2M |
| CEW | WisdomTree Emerging Currency Strategy Fund | $0M |
| EUO | ProShares UltraShort Euro | $0M |
| Outflows | ||
| FXF | Invesco CurrencyShares Swiss Franc Trust | -$17M |
| FXE | Invesco CurrencyShares Euro Trust | -$16M |
| UDN | Invesco DB US Dollar Index Bearish Fund | $0M |
| FXY | Invesco Currencyshares Japanese Yen Trust | $0M |
| FXC | Invesco CurrencyShares Canadian Dollar Trust | $0M |
Issuer League Table Update
Invesco remains the dominant force in the Currency ETF space, commanding 80.41% of the market share, followed by WisdomTree at 11.45%. Despite its second-place ranking in overall AUM, WisdomTree gathered the most new assets this week, netting +$126M. Conversely, Simplify experienced the lowest net flow among all tracked issuers, registering $0M for the week.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| Invesco | 8 | $2.24B | 80.41% |
| WisdomTree | 2 | $0.32B | 11.45% |
| ProShares | 4 | $0.12B | 4.38% |
| Simplify | 1 | $0.10B | 3.75% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| WisdomTree | +$126M |
| Invesco | +$41M |
| ProShares | +$2M |
| Outflows | |
| Simplify | $0M |
| ProShares | +$2M |
| Invesco | +$41M |
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.
