Weekly Channel Summary
The Currency ETF Channel currently encompasses 15 ETFs managed across 4 distinct issuers, holding a combined Total AUM of $2.88 billion. Over the past 5 trading days, the channel generated +$28M in net positive flows. Year-to-date, the channel has accumulated +$582M in new assets, contributing to a robust 1-year flow total of +$64M.
This Week’s Performance Leaders and Laggards
The Long | Short: Multi category led performance this week, generating a +2.04% return (adding to its strong +11.94% YTD standing). Conversely, the Long: Yen category was the primary laggard, shedding -0.46% over the week and extending its YTD decline to -3.27%.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Long | Short: Multi | +2.04% | +0.70% | +1.58% | +8.07% | +11.94% | +22.98% |
| Long: GBP | +0.70% | -0.32% | +0.01% | +3.73% | +0.68% | +2.31% |
| Short: Yen | +0.67% | +0.02% | +7.08% | +7.15% | +5.72% | +31.38% |
| Long: Emerging | +0.36% | -0.52% | -0.33% | +4.71% | +2.33% | +8.89% |
| Short: USD | +0.08% | -0.53% | -1.05% | +1.82% | -0.31% | +2.22% |
| Long: USD | +0.07% | +0.94% | +2.37% | +0.73% | +2.11% | +3.77% |
| Long: CHF | +0.04% | -0.41% | -1.57% | +2.60% | +0.58% | +4.91% |
| Long: EUR | -0.06% | -0.20% | -0.18% | +0.88% | +0.06% | +2.24% |
| Long: AUD | -0.35% | -0.33% | +0.93% | +11.41% | +7.38% | +12.31% |
| Long: CAD | -0.42% | -1.10% | -0.98% | +2.29% | -0.77% | +0.67% |
| Long: Yen | -0.46% | +0.11% | -4.46% | -3.84% | -3.27% | -16.35% |
Top & Bottom 5 ETFs by Weekly Performance
The Simplify Currency Strategy ETF (FOXY) captured the top spot among individual products with a +2.04% return. On the other end of the spectrum, ProShares Ultra Yen (YCL) and Invesco CurrencyShares Canadian Dollar Trust (FXC) posted the weakest weekly numbers at -0.58% and -0.42%, respectively.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| FOXY | Simplify Currency Strategy ETF | +2.04% |
| FXB | Invesco CurrencyShares British Pound Sterling Trust | +0.70% |
| YCS | ProShares UltraShort Yen | +0.67% |
| CEW | WisdomTree Emerging Currency Strategy Fund | +0.36% |
| EUO | ProShares UltraShort Euro | +0.35% |
| Bottom Performers | ||
| YCL | ProShares Ultra Yen | -0.58% |
| FXC | Invesco CurrencyShares Canadian Dollar Trust | -0.42% |
| FXA | Invesco CurrencyShares Australian Dollar Trust | -0.35% |
| FXY | Invesco Currencyshares Japanese Yen Trust | -0.33% |
| FXE | Invesco CurrencyShares Euro Trust | -0.26% |
Analyzing the Weekly Flows
Net asset flows into the channel totaled +$28M for the 5-day reporting period. Long: USD captured the majority of new capital, gathering +$53M to propel its category AUM to $736M. The Long | Short: Multi category also saw notable traction with +$7M in fresh assets. On the downside, Long: GBP absorbed the largest outflow hit, surrendering -$19M.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Long: USD | 2 | $736M | +$53M | -$18M | +$308M | +$294M | +$297M |
| Long | Short: Multi | 1 | $314M | +$7M | +$190M | +$217M | +$255M | +$296M |
| Long: AUD | 1 | $106M | $0M | $0M | +$4M | +$14M | +$10M |
| Long: CAD | 1 | $74M | $0M | -$4M | -$11M | $0M | -$14M |
| Long: CHF | 1 | $487M | $0M | -$34M | -$102M | +$91M | -$2M |
| Long: Emerging | 1 | $15M | $0M | $0M | $0M | +$2M | +$4M |
| Short: Yen | 1 | $29M | $0M | -$3M | +$2M | -$7M | -$1M |
| Short: USD | 1 | $124M | -$2M | -$10M | -$23M | -$14M | -$14M |
| Long: EUR | 3 | $449M | -$5M | +$13M | -$58M | -$11M | -$129M |
| Long: Yen | 2 | $471M | -$6M | -$5M | -$59M | -$42M | -$384M |
| Long: GBP | 1 | $77M | -$19M | +$7M | +$7M | +$1M | +$1M |
Top & Bottom 5 ETFs by 5-Day Flow
The Invesco DB US Dollar Index Bullish Fund (UUP) led all currency ETFs in gathering new capital, sweeping in +$43M. By contrast, Invesco CurrencyShares British Pound Sterling Trust (FXB) and ProShares Ultra Yen (YCL) saw the steepest drawdowns, shedding -$19M and -$9M, respectively.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| UUP | Invesco DB US Dollar Index Bullish Fund | +$43M |
| USDU | WisdomTree Bloomberg US Dollar Bullish Fund | +$10M |
| FOXY | Simplify Currency Strategy ETF | +$7M |
| FXY | Invesco Currencyshares Japanese Yen Trust | +$3M |
| CEW | WisdomTree Emerging Currency Strategy Fund | $0M |
| Outflows | ||
| FXB | Invesco CurrencyShares British Pound Sterling Trust | -$19M |
| YCL | ProShares Ultra Yen | -$9M |
| FXE | Invesco CurrencyShares Euro Trust | -$5M |
| UDN | Invesco DB US Dollar Index Bearish Fund | -$2M |
| ULE | ProShares Ultra Euro | $0M |
Issuer League Table Update
The Currency ETF provider landscape remains highly concentrated. Invesco dominates with a formidable 71.72% market share ($2.07B in AUM), safely ahead of WisdomTree at 13.79% ($0.40B). Invesco successfully leveraged its market presence this week, capturing a leading +$19M in net inflows. The only firm to see negative weekly net flow activity was ProShares, which bled -$9M.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| Invesco | 8 | $2.07B | 71.72% |
| WisdomTree | 2 | $0.40B | 13.79% |
| Simplify | 1 | $0.31B | 10.88% |
| ProShares | 4 | $0.10B | 3.61% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| Invesco | +$19M |
| WisdomTree | +$10M |
| Simplify | +$7M |
| Outflows / Lowest Flows | |
| ProShares | -$9M |
| Simplify | +$7M |
| WisdomTree | +$10M |
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.
