Weekly Channel Summary
The Currency ETF channel, comprising 15 funds from 4 issuers, holds a total of $2.94 billion in assets under management. The segment attracted $30 million in net inflows over the past week, contributing to a year-to-date total of $651 million. Over the last twelve months, the channel has accumulated $249 million in new assets.
This Week’s Performance Leaders and Laggards
Long Canadian Dollar strategies led performance for the week, posting a gain of 1.09%, while the multi-currency category was the laggard with a 0.74% decline. The Short Yen strategy also performed well, rising 0.96% as the Japanese currency continued its longer-term slide. Year-to-date, betting against the yen remains the most profitable trade, with the category up 11.36%.
Currency Performance Snapshot
| Currency | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Long: CAD | 1.09% | 0.85% | -2.13% | -0.52% | -1.89% | -1.60% |
| Short: Yen | 0.96% | 2.73% | 8.90% | 8.96% | 11.36% | 28.15% |
| Long: AUD | 0.56% | -0.23% | -2.28% | 5.15% | 5.40% | 8.83% |
| Long: GBP | 0.49% | 1.49% | 0.07% | 1.61% | 0.94% | 2.49% |
| Short: USD | 0.39% | 0.00% | -2.07% | -0.39% | -1.48% | -0.39% |
| Long: EUR | 0.24% | -0.20% | -1.75% | -0.46% | -1.31% | 0.13% |
| Long: CHF | 0.18% | -0.86% | -3.33% | -0.84% | -2.16% | -0.92% |
| Long: USD | -0.16% | 0.53% | 3.28% | 2.90% | 4.04% | 6.08% |
| Long: Emerging | -0.30% | -0.53% | -1.02% | 1.62% | 2.44% | 7.18% |
| Long: Yen | -0.46% | -1.12% | -2.63% | -3.19% | -4.07% | -9.61% |
| Long | Short: Multi | -0.74% | 1.47% | 3.36% | 10.73% | 12.73% | 20.50% |
Top & Bottom 5 ETFs by Weekly Performance
The top-performing fund this week was the Invesco CurrencyShares Canadian Dollar Trust (FXC), which climbed 1.09%. In contrast, ProShares Ultra Yen (YCL) was the weakest performer, falling 1.17%. The continued weakness in the yen also benefited the ProShares UltraShort Yen (YCS), which was the second-best performing fund with a 0.96% gain.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| FXC | Invesco CurrencyShares Canadian Dollar Trust | 1.09% |
| YCS | ProShares UltraShort Yen | 0.96% |
| FXA | Invesco CurrencyShares Australian Dollar Trust | 0.56% |
| FXB | Invesco CurrencyShares British Pound Sterling Trust | 0.49% |
| UDN | Invesco DB US Dollar Index Bearish Fund | 0.39% |
| Bottom Performers | ||
| YCL | ProShares Ultra Yen | -1.17% |
| FOXY | Simplify Currency Strategy ETF | -0.74% |
| FXY | Invesco Currencyshares Japanese Yen Trust | -0.41% |
| CEW | WisdomTree Emerging Currency Strategy Fund | -0.30% |
| EUO | ProShares UltraShort Euro | -0.27% |
Analyzing the Weekly Flows
Currency ETFs recorded net inflows of $30 million for the week, driven by interest in the Euro and US Dollar. Long Euro funds attracted the most capital with $16 million in new assets, followed closely by Long US Dollar strategies which brought in $15 million. Conversely, investors pulled money from the Long Swiss Franc and Long Australian Dollar categories, which saw outflows of $5 million and $3 million, respectively.
Currency Flows Summary
| Currency | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Long: EUR | 3 | $388M | $16M | -$71M | -$71M | -$67M | -$234M |
| Long: USD | 2 | $906M | $15M | $83M | $116M | $449M | $559M |
| Long | Short: Multi | 1 | $367M | $9M | $46M | $249M | $310M | $345M |
| Long: CAD | 1 | $70M | $0M | -$3M | -$7M | -$3M | -$21M |
| Long: Emerging | 1 | $16M | $0M | $0M | $0M | $2M | $4M |
| Long: GBP | 1 | $78M | $0M | $0M | $13M | $1M | -$12M |
| Long: Yen | 2 | $459M | $0M | -$5M | -$25M | -$44M | -$304M |
| Short: USD | 1 | $108M | $0M | -$7M | -$32M | -$29M | -$39M |
| Short: Yen | 1 | $34M | $0M | $3M | $0M | -$5M | $4M |
| Long: AUD | 1 | $97M | -$3M | -$7M | -$7M | $7M | -$6M |
| Long: CHF | 1 | $415M | -$5M | -$44M | -$112M | $30M | -$46M |
Top & Bottom 5 ETFs by 5-Day Flow
The Invesco DB US Dollar Index Bullish Fund (UUP) was the most popular fund, attracting $23 million in fresh capital. On the other hand, the WisdomTree Bloomberg US Dollar Bullish Fund (USDU) experienced the largest redemption, with investors withdrawing $8 million. The Invesco CurrencyShares Swiss Franc Trust (FXF) also saw notable outflows, shedding $5 million over the week.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| UUP | Invesco DB US Dollar Index Bullish Fund | $23M |
| FXE | Invesco CurrencyShares Euro Trust | $16M |
| FOXY | Simplify Currency Strategy ETF | $9M |
| FXY | Invesco Currencyshares Japanese Yen Trust | $0M |
| UDN | Invesco DB US Dollar Index Bearish Fund | $0M |
| Outflows | ||
| USDU | WisdomTree Bloomberg US Dollar Bullish Fund | -$8M |
| FXF | Invesco CurrencyShares Swiss Franc Trust | -$5M |
| FXA | Invesco CurrencyShares Australian Dollar Trust | -$3M |
| FXY | Invesco Currencyshares Japanese Yen Trust | $0M |
| UDN | Invesco DB US Dollar Index Bearish Fund | $0M |
Issuer League Table Update
Invesco maintains its dominant position in the currency space, commanding 67.68% of the market share across its eight funds. The firm was also the sole recipient of net inflows this week, adding $30 million to its asset base. WisdomTree, the second-largest issuer with a 16.23% market share, was the only firm to experience net redemptions, with outflows totaling $8 million.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| Invesco | 8 | $1.99B | 67.68% |
| WisdomTree | 2 | $477M | 16.23% |
| Simplify | 1 | $367M | 12.50% |
| ProShares | 4 | $105M | 3.59% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| Invesco | $30M |
| Simplify | $9M |
| ProShares | $0M |
| Outflows | |
| WisdomTree | -$8M |
| ProShares | $0M |
| Simplify | $9M |
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.
