Weekly Channel Summary
The Currency ETF channel, consisting of 4 distinct brands and 15 ETFs, manages a total of $2.47 billion in assets. The channel experienced positive momentum this week, gathering $63 million in net inflows over the past 5 days. This continues a strong longer-term trend, with the space accumulating $661 million year-to-date and $748 million over the past year.
This Week’s Performance Leaders and Laggards
Performance this week was led by the Long: AUD category, which posted a gain of 1.29%, adding to its solid year-to-date return of 8.46%. Conversely, the Short: Yen category lagged significantly, dropping -1.03% for the week, though it remains in positive territory for the year. The Long: Yen category also saw notable strength, returning 0.79% WTD.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Long: AUD | 1.29% | 2.27% | 1.53% | 2.33% | 8.46% | 4.46% |
| Long: Yen | 0.79% | -1.32% | -8.28% | -12.38% | -1.36% | -8.21% |
| Long: GBP | 0.74% | 2.50% | -0.77% | -0.69% | 9.02% | 7.24% |
| Long: CAD | 0.61% | 1.95% | -0.13% | -1.27% | 4.28% | 1.84% |
| Short: USD | 0.54% | 1.44% | -0.86% | 0.52% | 11.31% | 8.49% |
| Long: EUR | 0.15% | 0.63% | 0.13% | 1.24% | 6.61% | 5.42% |
| Long: Emerging | 0.12% | 1.45% | 2.03% | 3.98% | 12.68% | 11.08% |
| Long | Short: Multi | -0.02% | 3.28% | 6.38% | 12.23% | — | — |
| Long: CHF | -0.17% | 0.82% | -0.95% | 1.67% | 12.19% | 8.89% |
| Long: USD | -0.37% | -0.71% | 2.32% | 2.96% | -3.67% | -0.76% |
| Short: Yen | -1.03% | 2.24% | 13.09% | 21.52% | 4.38% | 15.54% |
Top & Bottom 5 ETFs by Weekly Performance
The best performing fund of the week was the FXA (Invesco CurrencyShares Australian Dollar Trust), delivering a 1.29% return. On the downside, the YCS (ProShares UltraShort Yen) fell -1.03%, followed by EUO (ProShares UltraShort Euro), which lost -0.64%.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| FXA | Invesco CurrencyShares Australian Dollar Trust | 1.29% |
| YCL | ProShares Ultra Yen | 1.09% |
| FXB | Invesco CurrencyShares British Pound Sterling Trust | 0.74% |
| ULE | ProShares Ultra Euro | 0.69% |
| FXC | Invesco CurrencyShares Canadian Dollar Trust | 0.61% |
| Bottom Performers | ||
| YCS | ProShares UltraShort Yen | -1.03% |
| EUO | ProShares UltraShort Euro | -0.64% |
| USDU | WisdomTree Bloomberg US Dollar Bullish Fund | -0.37% |
| UUP | Invesco DB US Dollar Index Bullish Fund | -0.37% |
| FXF | Invesco CurrencyShares Swiss Franc Trust | -0.17% |
Analyzing the Weekly Flows
The Currency channel gathered $63 million in net inflows this week. The Long: USD category led the way, bringing in $34 million to bring its total AUM to $560 million. The Long: EUR category also saw significant interest, adding $16 million. Conversely, the Short: USD category saw the largest outflows, shedding $5 million.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Long: USD | 2 | $560M | $34M | $118M | $231M | ($102M) | $5M |
| Long: EUR | 3 | $483M | $16M | $0M | ($86M) | $239M | $239M |
| Long: Yen | 2 | $527M | $15M | $9M | ($60M) | $97M | $70M |
| Short: Yen | 1 | $40M | $2M | $2M | $5M | $11M | $11M |
| Long | Short: Multi | 1 | $62M | $0M | $35M | $41M | $60M | $60M |
| Long: AUD | 1 | $79M | $0M | $3M | $0M | $9M | $15M |
| Long: CAD | 1 | $77M | $0M | ($3M) | ($14M) | $14M | $14M |
| Long: CHF | 1 | $392M | $0M | $0M | $17M | $223M | $223M |
| Long: Emerging | 1 | $12M | $0M | $2M | $2M | $4M | $4M |
| Long: GBP | 1 | $90M | $0M | $0M | $0M | $26M | $26M |
| Short: USD | 1 | $144M | ($5M) | ($14M) | ($6M) | $80M | $80M |
Top & Bottom 5 ETFs by 5-Day Flow
In terms of individual funds, the USDU (WisdomTree Bloomberg US Dollar Bullish Fund) attracted the most capital, pulling in $23 million. On the outflow side, the UDN (Invesco DB US Dollar Index Bearish Fund) saw the largest redemptions, followed by flat flows for funds like CEW (WisdomTree Emerging Currency Strategy Fund).
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| USDU | WisdomTree Bloomberg US Dollar Bullish Fund | $23M |
| FXE | Invesco CurrencyShares Euro Trust | $16M |
| FXY | Invesco Currencyshares Japanese Yen Trust | $12M |
| UUP | Invesco DB US Dollar Index Bullish Fund | $11M |
| YCL | ProShares Ultra Yen | $3M |
| Outflows | ||
| UDN | Invesco DB US Dollar Index Bearish Fund | ($5M) |
| CEW | WisdomTree Emerging Currency Strategy Fund | $0M |
| EUO | ProShares UltraShort Euro | $0M |
| FOXY | Simplify Currency Strategy ETF | $0M |
| FXA | Invesco CurrencyShares Australian Dollar Trust | $0M |
Issuer League Table Update
Invesco continues to dominate the space with $2.02 billion in AUM, representing 81.90% of the market share, followed by WisdomTree with 10.35% market share. Invesco also led the week in flows, gathering $35 million, while no issuers saw net outflows for the week.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| Invesco | 8 | $2.02B | 81.90% |
| WisdomTree | 2 | $0.26B | 10.35% |
| ProShares | 4 | $0.13B | 5.24% |
| Simplify | 1 | $0.06B | 2.51% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| Invesco | $35M |
| WisdomTree | $23M |
| ProShares | $5M |
| Outflows | |
| Simplify | $0M |
| ProShares | $5M |
| WisdomTree | $23M |
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.
