Weekly Channel Summary
The Currency ETF Channel currently tracks 15 ETFs across 4 issuers, representing $2.58B in total Assets Under Management. Over the trailing 5-day period, the channel saw slight net outflows totaling -$25M. Despite the recent short-term outflows, the longer-term trend remains firmly positive with $271M in Year-to-Date flows and $702M gathered over the past year.
This Week’s Performance Leaders and Laggards
The Short: Yen category was the clear outperformer this week, posting a 1.55% return. Long: CHF also posted positive numbers at 0.72%. On the flip side, the Long: Yen category proved to be the primary laggard, dropping -1.15% on the week. Looking at Year-to-Date numbers, the Long | Short: Multi category continues to lead the space overall with a robust 9.91% YTD gain.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Short: Yen | 1.55% | 2.30% | 1.61% | 17.03% | 0.27% | 15.39% |
| Long: CHF | 0.72% | 0.09% | 4.27% | 3.62% | 2.92% | 16.73% |
| Long: AUD | 0.61% | 1.82% | 8.94% | 9.41% | 7.04% | 15.85% |
| Long: CAD | 0.31% | -0.70% | 2.26% | 0.78% | 0.52% | 6.02% |
| Long: Emerging | 0.27% | 0.84% | 4.23% | 6.73% | 2.95% | 14.31% |
| Short: USD | 0.22% | -0.49% | 2.29% | 0.91% | 0.96% | 11.81% |
| Long: EUR | 0.09% | -0.15% | 0.90% | 0.94% | 0.34% | 7.35% |
| Long: USD | -0.06% | 0.62% | -1.06% | 1.79% | -0.32% | -4.26% |
| Long | Short: Multi | -0.26% | 6.22% | 5.73% | 14.31% | 9.91% | 24.39% |
| Long: GBP | -0.38% | -1.87% | 2.00% | 0.60% | 0.28% | 9.29% |
| Long: Yen | -1.15% | -1.69% | -0.73% | -10.05% | 0.09% | -8.36% |
Top & Bottom 5 ETFs by Weekly Performance
At the product level, the single best-performing ETF this week was the ProShares UltraShort Yen (YCS) jumping 1.55%. Among the downside movers, the ProShares Ultra Yen (YCL) and the Invesco Currencyshares Japanese Yen Trust (FXY) booked the largest losses at -1.49% and -0.81%, respectively.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| YCS | ProShares UltraShort Yen | 1.55% |
| FXF | Invesco CurrencyShares Swiss Franc Trust | 0.72% |
| FXA | Invesco CurrencyShares Australian Dollar Trust | 0.61% |
| ULE | ProShares Ultra Euro | 0.50% |
| FXC | Invesco CurrencyShares Canadian Dollar Trust | 0.31% |
| Bottom Performers | ||
| YCL | ProShares Ultra Yen | -1.49% |
| FXY | Invesco Currencyshares Japanese Yen Trust | -0.81% |
| EUO | ProShares UltraShort Euro | -0.42% |
| FXB | Invesco CurrencyShares British Pound Sterling Trust | -0.38% |
| FOXY | Simplify Currency Strategy ETF | -0.26% |
Analyzing the Weekly Flows
Net flows for the channel retreated slightly by -$25M. The Long: USD category—currently housing $428M in assets—gathered the most traction this week, drawing in $23M. The Short: Yen category also had a respectable showing with $3M in net creations. Conversely, the Long: CHF category sustained the largest hit, seeing -$34M walk out the door.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Long: USD | 2 | $428M | $23M | $39M | -$61M | $8M | -$224M |
| Short: Yen | 1 | $28M | $3M | -$5M | -$10M | -$7M | $1M |
| Long | Short: Multi | 1 | $96M | $0M | $34M | $32M | $38M | $89M |
| Long: AUD | 1 | $102M | $0M | $3M | $17M | $10M | $29M |
| Long: CAD | 1 | $86M | $0M | $7M | $7M | $11M | $11M |
| Long: Emerging | 1 | $16M | $0M | $0M | $4M | $2M | $8M |
| Long: GBP | 1 | $71M | $0M | $0M | -$19M | -$6M | $19M |
| Long: Yen | 2 | $542M | $0M | $22M | $37M | $17M | $32M |
| Short: USD | 1 | $148M | $0M | $20M | $7M | $9M | $91M |
| Long: EUR | 3 | $497M | -$16M | $5M | $25M | $31M | $264M |
| Long: CHF | 1 | $565M | -$34M | $97M | $159M | $159M | $382M |
Top & Bottom 5 ETFs by 5-Day Flow
The Invesco DB US Dollar Index Bullish Fund (UUP) was the individual product leader, taking in $19M over the past 5 days. Conversely, significant capital exited the Invesco CurrencyShares Swiss Franc Trust (FXF) and the Invesco CurrencyShares Euro Trust (FXE), which shed -$34M and -$16M respectively.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| UUP | Invesco DB US Dollar Index Bullish Fund | $19M |
| USDU | WisdomTree Bloomberg US Dollar Bullish Fund | $4M |
| YCS | ProShares UltraShort Yen | $3M |
| FXC | Invesco CurrencyShares Canadian Dollar Trust | $0M |
| CEW | WisdomTree Emerging Currency Strategy Fund | $0M |
| Outflows | ||
| FXF | Invesco CurrencyShares Swiss Franc Trust | -$34M |
| FXE | Invesco CurrencyShares Euro Trust | -$16M |
| EUO | ProShares UltraShort Euro | $0M |
| FOXY | Simplify Currency Strategy ETF | $0M |
| FXA | Invesco CurrencyShares Australian Dollar Trust | $0M |
Issuer League Table Update
Invesco continues its commanding lead over the Currency ETF market, capturing an 84.18% market share. WisdomTree holds the distant second spot at 7.66%. On the flows front, WisdomTree successfully attracted the most weekly capital at $4M, whereas the dominant Invesco felt the brunt of the weekly bleeding, ending with net outflows of -$32M.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| Invesco | 8 | $2.17B | 84.18% |
| WisdomTree | 2 | $0.20B | 7.66% |
| ProShares | 4 | $0.11B | 4.45% |
| Simplify | 1 | $0.10B | 3.71% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| WisdomTree | $4M |
| ProShares | $3M |
| Simplify | $0M |
| Outflows | |
| Invesco | -$32M |
| Simplify | $0M |
| ProShares | $3M |
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.
