Weekly Channel Summary
The Currency ETF channel currently manages a total of $2.92B in Assets Under Management (AUM) across 15 ETFs, representing 4 different issuers. Over the past week (5 Day), the channel experienced a solid $100M in net inflows. This builds upon a steady longer-term trend, with Year-to-Date (YTD) net inflows reaching $649M and 1-Year net flows standing at $158M.
This Week’s Performance Leaders and Laggards
This week, the Long: Emerging category led the pack, recording a 1.05% Week-to-Date (WTD) return and bringing its Year-to-Date (YTD) gain to 3.21%. Conversely, the Long | Short: Multi category was the primary laggard, declining -1.20% WTD. Despite this recent dip, it remains the strongest performer on a YTD basis, up an impressive 10.63%.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Long: Emerging | 1.05% | 0.59% | 2.55% | 4.05% | 3.21% | 8.25% |
| Short: USD | 0.36% | -1.30% | 0.47% | -0.59% | -0.70% | -0.23% |
| Long: GBP | 0.26% | -0.62% | 1.02% | 1.50% | 0.66% | 0.86% |
| Long: EUR | 0.14% | -1.32% | 0.62% | -1.04% | -1.13% | 0.65% |
| Long: Yen | 0.02% | -1.65% | -0.75% | -2.92% | -2.35% | -10.64% |
| Long: CHF | -0.29% | -1.94% | -1.63% | -0.33% | -0.76% | 1.56% |
| Long: USD | -0.30% | 1.71% | 0.93% | 2.82% | 2.77% | 6.14% |
| Long: CAD | -0.36% | -1.84% | -2.47% | -1.28% | -1.82% | -2.31% |
| Long: AUD | -0.39% | -2.35% | -0.16% | 6.77% | 6.33% | 9.24% |
| Long | Short: Multi | -1.20% | -0.51% | -1.65% | 6.20% | 10.63% | 19.79% |
| Short: Yen | – | – | – | – | – | – |
Top & Bottom 5 ETFs by Weekly Performance
Among individual funds, the WisdomTree Emerging Currency Strategy Fund (CEW) was the single best-performing ETF, returning 1.05% WTD. On the other end of the spectrum, the Simplify Currency Strategy ETF (FOXY) and the Invesco CurrencyShares Australian Dollar Trust (FXA) were the worst-performing ETFs, falling -1.20% and -0.39% WTD, respectively.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| CEW | WisdomTree Emerging Currency Strategy Fund | 1.05% |
| UDN | Invesco DB US Dollar Index Bearish Fund | 0.36% |
| FXB | Invesco CurrencyShares British Pound Sterling Trust | 0.26% |
| FXE | Invesco CurrencyShares Euro Trust | 0.14% |
| FXY | Invesco Currencyshares Japanese Yen Trust | 0.02% |
| Bottom Performers | ||
| FOXY | Simplify Currency Strategy ETF | -1.20% |
| FXA | Invesco CurrencyShares Australian Dollar Trust | -0.39% |
| FXC | Invesco CurrencyShares Canadian Dollar Trust | -0.36% |
| USDU | WisdomTree Bloomberg US Dollar Bullish Fund | -0.33% |
| FXF | Invesco CurrencyShares Swiss Franc Trust | -0.29% |
Analyzing the Weekly Flows
The Currency ETF channel accumulated a total net flow of $100M this week. The Long: USD category was the dominant recipient, gathering $67M in new assets to bring its total AUM to $783M. The Long: EUR category also saw significant activity, pulling in $25M. Notably, no categories across the broader channel experienced aggregate net outflows over the 5-day period.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Long: USD | 2 | $783M | $67M | $63M | $135M | $351M | $435M |
| Long: EUR | 3 | $458M | $25M | $9M | -$30M | $4M | -$135M |
| Long | Short: Multi | 1 | $320M | $7M | $16M | $220M | $264M | $304M |
| Long: AUD | 1 | $104M | $0M | $0M | $4M | $14M | $1M |
| Long: CAD | 1 | $74M | $0M | $0M | -$11M | $0M | -$14M |
| Long: CHF | 1 | $470M | $0M | -$11M | -$51M | $80M | -$24M |
| Long: Emerging | 1 | $15M | $0M | $0M | $0M | $2M | $4M |
| Long: GBP | 1 | $77M | $0M | -$19M | $7M | $1M | -$6M |
| Long: Yen | 2 | $470M | $0M | -$4M | -$55M | -$39M | -$381M |
| Short: USD | 1 | $117M | $0M | -$7M | -$25M | -$20M | -$24M |
| Short: Yen | 1 | $30M | $0M | $0M | -$3M | -$7M | -$1M |
Top & Bottom 5 ETFs by 5-Day Flow
At the fund level, the Invesco DB US Dollar Index Bullish Fund (UUP) captured the most significant inflows by dollar amount, gathering $49M. Outflows were virtually nonexistent across the channel, with the ProShares UltraShort Euro (EUO) registering the only notable decline at just -$1M, while other trailing funds like the Invesco CurrencyShares Australian Dollar Trust (FXA) saw perfectly flat flows.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| UUP | Invesco DB US Dollar Index Bullish Fund | $49M |
| FXE | Invesco CurrencyShares Euro Trust | $27M |
| USDU | WisdomTree Bloomberg US Dollar Bullish Fund | $18M |
| FOXY | Simplify Currency Strategy ETF | $7M |
| CEW | WisdomTree Emerging Currency Strategy Fund | $0M |
| Outflows | ||
| EUO | ProShares UltraShort Euro | -$1M |
| CEW | WisdomTree Emerging Currency Strategy Fund | $0M |
| FXA | Invesco CurrencyShares Australian Dollar Trust | $0M |
| FXB | Invesco CurrencyShares British Pound Sterling Trust | $0M |
| FXC | Invesco CurrencyShares Canadian Dollar Trust | $0M |
Issuer League Table Update
Invesco continues to hold an overwhelming majority in the Currency channel with a 71.11% market share, trailed by WisdomTree at 14.34%. Invesco also demonstrated the strongest momentum this week, capturing $76M in weekly inflows. On the downside, ProShares was the only issuer among the top four to experience net outflows, shedding -$1M over the past five days.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| Invesco | 8 | $2.08B | 71.11% |
| WisdomTree | 2 | $0.42B | 14.34% |
| Simplify | 1 | $0.32B | 10.97% |
| ProShares | 4 | $0.10B | 3.59% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| Invesco | $76M |
| WisdomTree | $18M |
| Simplify | $7M |
| Outflows | |
| ProShares | -$1M |
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.
