Weekly Channel Summary
The Currency ETF channel tracks 15 ETFs across 4 issuers, with total Assets Under Management (AUM) standing at $2.3 billion. For the past week, the channel experienced net outflows of approximately $7 million. Year-to-date flows are flat at $0, while the channel has accumulated $529 million in net inflows over the past year.
This Week’s Performance Leaders and Laggards
Performance across currency categories was mixed this week. The Short: Yen category led the pack with a Week-to-Date (WTD) return of 0.64%, followed by Long: USD at 0.47%. On the other end of the spectrum, Long: CAD was the primary laggard, declining -0.47%, closely followed by Short: USD. Most categories are starting the year with relatively flat Year-to-Date (YTD) performance numbers that mirror their weekly returns.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Short: Yen | 0.64% | 2.02% | 15.69% | 24.13% | 0.28% | 6.76% |
| Long: USD | 0.47% | -0.59% | 1.64% | 4.15% | 0.11% | -4.49% |
| Long: Emerging | 0.15% | 1.49% | 2.99% | 4.14% | 0.19% | 14.12% |
| LongGBP: | -0.02% | 2.44% | 1.15% | 0.46% | 0.38% | 11.79% |
| Long: EUR | -0.04% | 0.55% | 0.48% | 0.68% | 0.03% | 7.78% |
| Long: CHF | -0.20% | 1.75% | 0.87% | 0.12% | 0.23% | 14.70% |
| Long: Yen | -0.34% | -1.14% | -9.62% | -13.50% | -0.08% | -2.80% |
| Long: AUD | -0.39% | 1.90% | 1.77% | 2.40% | 0.29% | 8.94% |
| Long | Short: Multi | -0.39% | -3.26% | 0.70% | 7.07% | 0.16% | – |
| Short: USD | -0.42% | 1.04% | -0.21% | -0.85% | -0.10% | 13.03% |
| Long: CAD | -0.47% | 1.90% | 1.88% | -0.46% | -0.12% | 5.60% |
Top & Bottom 5 ETFs by Weekly Performance
The best-performing ETF for the week was the EUO (ProShares UltraShort Euro), which posted a gain of 1.07%. Conversely, the ULE (ProShares Ultra Euro) and the YCL (ProShares Ultra Yen) were the weakest performers, declining by -0.99% and -0.57%, respectively.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| EUO | ProShares UltraShort Euro | 1.07% |
| YCS | ProShares UltraShort Yen | 0.64% |
| UUP | Invesco DB US Dollar Index Bullish Fund | 0.53% |
| USDU | WisdomTree Bloomberg US Dollar Bullish Fund | 0.41% |
| CEW | WisdomTree Emerging Currency Strategy Fund | 0.15% |
| Bottom Performers | ||
| ULE | ProShares Ultra Euro | -0.99% |
| YCL | ProShares Ultra Yen | -0.57% |
| FXC | Invesco CurrencyShares Canadian Dollar Trust | -0.47% |
| UDN | Invesco DB US Dollar Index Bearish Fund | -0.42% |
| FOXY | Simplify Currency Strategy ETF | -0.39% |
Analyzing the Weekly Flows
The channel saw minor net outflows totaling $7 million this week. The Long: USD category was the only significant gainer, attracting $1 million in inflows with a total AUM of $436 million. Conversely, the Long: EUR category experienced the largest exit, shedding $5 million, followed by outflows in the Australian dollar category.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Long: USD | 2 | $436M | $1M | ($83M) | $139M | $0M | ($200M) |
| Long | Short: Multi | 1 | $53M | $0M | ($6M) | $30M | $0M | $54M |
| Long: CAD | 1 | $75M | $0M | ($4M) | ($18M) | $0M | $11M |
| Long: CHF | 1 | $396M | $0M | $0M | $0M | $0M | $223M |
| Long: Emerging | 1 | $13M | $0M | $2M | $4M | $0M | $6M |
| Long: GBP | 1 | $78M | $0M | ($13M) | ($13M) | $0M | $13M |
| Long: Yen | 2 | $524M | $0M | $20M | ($28M) | $0M | $102M |
| Short: USD | 1 | $139M | $0M | ($2M) | ($13M) | $0M | $83M |
| Short: Yen | 1 | $36M | $0M | ($3M) | $0M | $0M | $6M |
| Long: AUD | 1 | $86M | ($3M) | $7M | $10M | $0M | $16M |
| Long: EUR | 3 | $464M | ($5M) | ($11M) | ($69M) | $0M | $218M |
Top & Bottom 5 ETFs by 5-Day Flow
The UUP (Invesco DB US Dollar Index Bullish Fund) secured the top spot for inflows, pulling in $3 million. On the other hand, the FXE (Invesco CurrencyShares Euro Trust) and the FXA (Invesco CurrencyShares Australian Dollar Trust) saw the largest exits, with outflows of $5 million and $3 million, respectively.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| UUP | Invesco DB US Dollar Index Bullish Fund | $3M |
| FXB | Invesco CurrencyShares British Pound Sterling Trust | $0M |
| CEW | WisdomTree Emerging Currency Strategy Fund | $0M |
| EUO | ProShares UltraShort Euro | $0M |
| FOXY | Simplify Currency Strategy ETF | $0M |
| Outflows | ||
| FXE | Invesco CurrencyShares Euro Trust | ($5M) |
| FXA | Invesco CurrencyShares Australian Dollar Trust | ($3M) |
| USDU | WisdomTree Bloomberg US Dollar Bullish Fund | ($1M) |
| FXC | Invesco CurrencyShares Canadian Dollar Trust | $0M |
| FXF | Invesco CurrencyShares Swiss Franc Trust | $0M |
Issuer League Table Update
Invesco maintains its dominant position in the channel with over 82% of the total assets, followed by WisdomTree with nearly 10%. In terms of flows, Invesco experienced the largest weekly outflows at $6 million, while WisdomTree saw a slight decrease of $1 million.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| Invesco | 8 | $1.90B | 82.69% |
| WisdomTree | 2 | $0.22B | 9.55% |
| ProShares | 4 | $0.13B | 5.46% |
| Simplify | 1 | $0.05B | 2.30% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| ProShares | $0M |
| Simplify | $0M |
| Outflows | |
| WisdomTree | ($1M) |
| Invesco | ($6M) |
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.
