Weekly Channel Summary
The Currency ETF channel currently consists of 15 ETFs across 4 issuers, commanding a total Assets Under Management (AUM) of $2.357 Billion. The channel experienced significant net outflows over the past week (5 Day) totaling ($97M), contributing to a 30 Day outflow of ($14M). Despite the recent pressure, the channel maintains strong year-to-date (YTD) and 1 Year positive flow momentum, with inflows of $564M (YTD) and $686M (1 Year).
This Week’s Performance Leaders and Laggards
The Currency ETF landscape saw a clear leader this week in the **Long: CHF** category, posting a WTD return of 1.05%. This category is also a top performer YTD, with returns of 13.36%. Other top categories included **Short: Yen** (0.91% WTD) and **Short: USD** (0.67% WTD). The primary lagging category was **Long: Yen**, which returned -0.63% WTD. Notably, the **Long: USD** category also lagged, falling -0.42% WTD, adding to its YTD decline of -4.07%.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Long: CHF | 1.05% | 0.12% | -0.04% | 1.90% | 13.36% | 11.15% |
| Short: Yen | 0.91% | 2.11% | 13.68% | 22.67% | 5.33% | 12.43% |
| Short: USD | 0.67% | 1.31% | -0.46% | 0.36% | 12.05% | 10.56% |
| Long: CAD | 0.55% | 1.59% | 0.55% | -1.04% | 4.85% | 3.47% |
| Long: Emerging | 0.31% | 0.89% | 1.82% | 4.04% | 13.03% | 11.45% |
| Long: EUR | 0.29% | 0.55% | 0.39% | 1.13% | 7.16% | 6.51% |
| Long: GBP | 0.13% | 1.88% | -0.95% | -0.62% | 9.16% | 7.89% |
| Long: AUD | 0.06% | 1.68% | 0.25% | 2.32% | 8.53% | 5.39% |
| Long: USD | -0.42% | -0.59% | 2.06% | 3.23% | -4.07% | -2.35% |
| Long: Yen | -0.63% | -1.31% | -8.53% | -12.86% | -1.97% | -6.53% |
| Long | Short: Multi |
Top & Bottom 5 ETFs by Weekly Performance
The top-performing ETF for the week was the ProShares Ultra Euro (ULE), which returned an impressive 1.59% WTD. At the bottom of the table, two ETFs stood out for their negative performance: the ProShares UltraShort Euro (EUO), which shed -1.50%, and the ProShares Ultra Yen (YCL), which fell by -0.86%.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| ULE | ProShares Ultra Euro | 1.59% |
| FXF | Invesco CurrencyShares Swiss Franc Trust | 1.05% |
| YCS | ProShares UltraShort Yen | 0.91% |
| FXE | Invesco CurrencyShares Euro Trust | 0.79% |
| UDN | Invesco DB US Dollar Index Bearish Fund | 0.67% |
| Bottom Performers | ||
| FXA | Invesco CurrencyShares Australian Dollar Trust | 0.06% |
| USDU | WisdomTree Bloomberg US Dollar Bullish Fund | -0.30% |
| FXY | Invesco Currencyshares Japanese Yen Trust | -0.39% |
| UUP | Invesco DB US Dollar Index Bullish Fund | -0.54% |
| YCL | ProShares Ultra Yen | -0.86% |
| EUO | ProShares UltraShort Euro | -1.50% |
Analyzing the Weekly Flows
The Currency ETF channel experienced substantial total net outflows of ($97M) this week. All categories reported neutral or negative flows. The **Long: USD** category saw the largest outflows, shedding a massive ($82M), yet it still maintains a significant AUM of $465M. The **Long | Short: Multi** category was the second largest loser, with outflows of ($6M), followed closely by the **Long: EUR** category which saw ($5M) in outflows.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Long: AUD | 1 | $79M | $0M | $3M | $3M | $9M | $15M |
| Long: CAD | 1 | $78M | $0M | ($3M) | ($14M) | $14M | $14M |
| Long: CHF | 1 | $396M | $0M | $0M | $17M | $223M | $223M |
| Long: Emerging | 1 | $12M | $0M | $0M | $2M | $4M | $4M |
| Long: GBP | 1 | $90M | $0M | $0M | $0M | $26M | $26M |
| Long: Yen | 2 | $525M | $0M | $9M | ($60M) | $97M | $95M |
| Short: USD | 1 | $139M | ($1M) | ($10M) | ($11M) | $79M | $79M |
| Short: Yen | 1 | $37M | ($3M) | ($3M) | $7M | $9M | $9M |
| Long: EUR | 3 | $481M | ($5M) | $5M | ($97M) | $234M | $234M |
| Long | Short: Multi | 1 | $55M | ($6M) | ($1M) | $34M | $54M | $54M |
| Long: USD | 2 | $465M | ($82M) | ($13M) | $152M | ($184M) | ($66M) |
Top & Bottom 5 ETFs by 5-Day Flow
The flow data reveals strong selling pressure across several key funds. The top fund for outflows was the Invesco DB US Dollar Index Bullish Fund (UUP), which alone lost ($63M). Other major outflows came from the WisdomTree Bloomberg US Dollar Bullish Fund (USDU) at ($19M), and the Simplify Currency Strategy ETF (FOXY) with ($6M) in net withdrawals. No individual ETFs recorded positive 5-day flow this week.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| No ETFs recorded positive net inflows over the past 5 days. | ||
| Outflows | ||
| UUP | Invesco DB US Dollar Index Bullish Fund | ($63M) |
| USDU | WisdomTree Bloomberg US Dollar Bullish Fund | ($19M) |
| FOXY | Simplify Currency Strategy ETF | ($6M) |
| FXE | Invesco CurrencyShares Euro Trust | ($5M) |
| YCS | ProShares UltraShort Yen | ($3M) |
Issuer League Table Update
Invesco continues to dominate the Currency ETF channel, holding an 82.32% market share by AUM, followed by WisdomTree at 9.97%. Despite its commanding lead in AUM, Invesco also gathered the largest weekly outflows by an issuer, losing ($69M). WisdomTree followed as the second-largest loser with ($19M) in outflows. All four issuers in the channel experienced net outflows for the week.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| Invesco | 8 | $1.94B | 82.32% |
| Wisdom Tree | 2 | $0.24B | 9.97% |
| ProShares | 4 | $0.13B | 5.36% |
| Simplify | 1 | $0.06B | 2.34% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| No issuers recorded positive net inflows over the past 5 days. | |
| Outflows | |
| Invesco | ($69M) |
| Wisdom Tree | ($19M) |
| Simplify | ($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.
