Weekly Channel Summary
The Currency ETF channel currently holds $2 billion in assets under management across 15 ETFs from 4 different issuers. Over the past week, the channel experienced net outflows of $30 million. Despite the recent outflows, the year-to-date flows remain positive at $511 million, and the total inflow over the past year stands at an impressive $596 million.
This Week’s Performance Leaders and Laggards
This week, the top-performing category was ‘Short: Yen’, which saw a significant 2.24% gain, though it remains down -4.64% year-to-date. On the other end of the spectrum, the primary lagging category was ‘Long: Yen’, which fell by -1.62% this week, but still holds a positive 5.07% return for the year.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Short: Yen | 2.24% | 3.62% | 9.47% | 1.93% | -4.64% | 15.30% |
| Long | Short: Multi | 1.08% | 4.14% | 7.16% | 5.54% | ||
| Long: USD | 0.58% | 0.38% | 2.33% | -3.26% | -5.32% | 2.83% |
| Long: EUR | -0.16% | 0.24% | 0.27% | 4.08% | 6.72% | 2.93% |
| Long: CHF | -0.43% | 0.64% | 0.03% | 10.44% | 13.12% | 5.73% |
| Long: Emerging | -0.50% | 0.82% | 1.38% | 6.57% | 10.68% | 6.43% |
| Short: USD | -0.51% | 0.19% | -0.59% | 7.23% | 11.92% | 3.99% |
| Long: GBP | -0.56% | -0.39% | -1.84% | 5.29% | 9.02% | 2.70% |
| Long: AUD | -0.83% | 0.82% | 0.17% | 4.36% | 6.65% | -3.75% |
| Long: CAD | -1.21% | -0.80% | -2.08% | 2.51% | 3.58% | -2.64% |
| Long: Yen | -1.62% | -2.30% | -5.86% | -0.74% | 5.07% | -8.22% |
Top & Bottom 5 ETFs by Weekly Performance
At the individual ETF level, the ProShares UltraShort Yen (YCS) was the standout performer with a weekly gain of 2.24%. In contrast, the ProShares Ultra Yen (YCL) was the worst performer, dropping -2.15%, followed closely by the Invesco CurrencyShares Canadian Dollar Trust (FXC) which declined by -1.21%.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| YCS | ProShares UltraShort Yen | 2.24% |
| FOXY | Simplify Currency Strategy ETF | 1.08% |
| EUO | ProShares UltraShort Euro | 0.80% |
| UUP | Invesco DB US Dollar Index Bullish Fund | 0.63% |
| USDU | WisdomTree Bloomberg US Dollar Bullish Fund | 0.53% |
| Bottom Performers | ||
| YCL | ProShares Ultra Yen | -2.15% |
| FXC | Invesco CurrencyShares Canadian Dollar Trust | -1.21% |
| FXY | Invesco Currencyshares Japanese Yen Trust | -1.08% |
| FXA | Invesco CurrencyShares Australian Dollar Trust | -0.83% |
| ULE | ProShares Ultra Euro | -0.74% |
Analyzing the Weekly Flows
The Currency channel saw total net outflows of $30 million this week. The ‘Long: USD’ category attracted the most inflows with $5 million, bringing its total AUM to $319 million. The ‘Short: USD’ category also saw significant interest, gathering $4 million. In contrast, the ‘Long: EUR’ category experienced the largest outflows, with investors pulling out $22 million.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Long: USD | 2 | $319M | $5M | ($19M) | ($88M) | ($329M) | ($194M) |
| Long | Short: Multi | 1 | $23M | $4M | $5M | $7M | $23M | $23M |
| Short: USD | 1 | $153M | $4M | $8M | $7M | $94M | $89M |
| Long: AUD | 1 | $75M | $0M | ($3M) | ($23M) | $6M | $9M |
| Long: CAD | 1 | $91M | $0M | $0M | $0M | $28M | $32M |
| Long: CHF | 1 | $393M | $0M | $17M | ($104M) | $223M | $218M |
| Long: Emerging | 1 | $9M | $0M | $0M | ($2M) | $2M | $2M |
| Short: Yen | 1 | $25M | ($2M) | ($9M) | $2M | $0M | ($15M) |
| Long: GBP | 1 | $83M | ($6M) | ($6M) | ($6M) | $20M | $20M |
| Long: Yen | 2 | $592M | ($12M) | ($16M) | ($266M) | $141M | $117M |
| Long: EUR | 3 | $548M | ($22M) | ($22M) | ($64M) | $303M | $297M |
Top & Bottom 5 ETFs by 5-Day Flow
Leading the pack for inflows was the Invesco DB US Dollar Index Bearish Fund (UDN), which collected $4 million. On the flip side, the Invesco CurrencyShares Euro Trust (FXE) saw the most significant outflows of the week at $22 million, followed by the Invesco Currencyshares Japanese Yen Trust (FXY) with outflows of $12 million.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| UDN | Invesco DB US Dollar Index Bearish Fund | $4M |
| FOXY | Simplify Currency Strategy ETF | $4M |
| UUP | Invesco DB US Dollar Index Bullish Fund | $3M |
| USDU | WisdomTree Bloomberg US Dollar Bullish Fund | $3M |
| CEW | WisdomTree Emerging Currency Strategy Fund | $0M |
| Outflows | ||
| FXE | Invesco CurrencyShares Euro Trust | ($22M) |
| FXY | Invesco Currencyshares Japanese Yen Trust | ($12M) |
| FXB | Invesco CurrencyShares British Pound Sterling Trust | ($6M) |
| YCS | ProShares UltraShort Yen | ($2M) |
| EUO | ProShares UltraShort Euro | $0M |
Issuer League Table Update
Invesco continues to dominate the issuer landscape, commanding an 86.68% market share, followed by WisdomTree with 7.12%. This week, Simplify was the top issuer for inflows, gathering $4 million. Invesco, despite its leading position, saw the largest outflows among all issuers, with a reduction of $34 million.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| Invesco | 8 | $2.00B | 86.68% |
| WisdomTree | 2 | $0.16B | 7.12% |
| ProShares | 4 | $0.12B | 5.21% |
| Simplify | 1 | $0.02B | 1.00% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| Simplify | $4M |
| WisdomTree | $3M |
| Outflows | |
| ProShares | -$2M |
| Invesco | -$34M |
For a deeper dive into these trends, access our FREE, in-depth Thematic 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.
