Weekly Channel Summary
The Currency ETF channel currently encompasses 15 ETFs managed by 4 distinct issuers, representing a total of $2.82 billion in Assets Under Management (AUM). Activity for the past week was positive, generating $46 million in 5-day net inflows. This recent momentum builds on a solid year-to-date (YTD) accumulation of $509 million in new assets, standing in contrast to the longer-term trend which shows net outflows of -$127 million over the past year.
This Week’s Performance Leaders and Laggards
The Long: Yen category dominated this week, posting the top category performance with a 2.34% Week-to-Date (WTD) return, although the category remains down -1.09% YTD. The Long: AUD and Long: GBP categories also saw solid gains. Conversely, Short: Yen products struggled, lagging the group with a -2.94% WTD decline, yet they continue to hold onto a positive 2.50% gain YTD.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Long: Yen | 2.34% | 1.55% | -2.84% | -4.03% | -1.09% | -13.35% |
| Long: AUD | 1.09% | 4.03% | 3.33% | 10.83% | 8.63% | 14.25% |
| Long: GBP | 0.94% | 2.33% | -0.22% | 4.78% | 1.97% | 4.77% |
| Long: CHF | 0.92% | 1.71% | -1.28% | 2.77% | 1.51% | 6.29% |
| Long: CAD | 0.84% | 2.31% | -0.21% | 3.28% | 1.02% | 2.26% |
| Short: USD | 0.40% | 1.68% | -0.77% | 2.51% | 0.68% | 3.65% |
| Long: EUR | 0.21% | 0.56% | -0.05% | 1.26% | 0.42% | 2.72% |
| Long: Emerging | 0.10% | 1.95% | 0.57% | 5.16% | 2.67% | 10.99% |
| Long: USD | -0.26% | -1.22% | 1.82% | 0.22% | 0.88% | 2.32% |
| Long | Short: Multi | -0.69% | -0.49% | 6.43% | 9.86% | 10.12% | 22.80% |
| Short: Yen | -2.94% | -1.82% | 4.58% | 7.44% | 2.50% | 25.06% |
Top & Bottom 5 ETFs by Weekly Performance
The single best-performing ETF for the week was the ProShares Ultra Yen (YCL), climbing 2.87%. On the flip side, the worst performers were the ProShares UltraShort Yen (YCS) dropping -2.94% and the Simplify Currency Strategy ETF (FOXY) which fell -0.69% WTD.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| YCL | ProShares Ultra Yen | 2.87% |
| FXY | Invesco Currencyshares Japanese Yen Trust | 1.81% |
| FXA | Invesco CurrencyShares Australian Dollar Trust | 1.09% |
| FXB | Invesco CurrencyShares British Pound Sterling Trust | 0.94% |
| FXF | Invesco CurrencyShares Swiss Franc Trust | 0.92% |
| Bottom Performers | ||
| YCS | ProShares UltraShort Yen | -2.94% |
| FOXY | Simplify Currency Strategy ETF | -0.69% |
| UUP | Invesco DB US Dollar Index Bullish Fund | -0.31% |
| USDU | WisdomTree Bloomberg US Dollar Bullish Fund | -0.21% |
| ULE | ProShares Ultra Euro | -0.01% |
Analyzing the Weekly Flows
The Currency channel attracted a net $46 million in weekly flows. The Long: EUR category saw the most robust interest, capturing $27 million to push its total AUM to $498 million. Short: USD ETFs also had a solid week with $10 million in new cash. The most significant outflows came from the Long: Yen and Short: Yen categories, though they were relatively muted at -$1 million and -$3 million respectively.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Long: EUR | 3 | $498M | $27M | $22M | -$8M | $35M | -$83M |
| Short: USD | 1 | $137M | $10M | -$9M | $2M | -$2M | $1M |
| Long: USD | 2 | $755M | $7M | -$220M | $363M | $321M | $294M |
| Long | Short: Multi | 1 | $134M | $5M | $19M | $66M | $78M | $116M |
| Long: AUD | 1 | $107M | $0M | $0M | $4M | $14M | $20M |
| Long: CAD | 1 | $79M | $0M | -$7M | $0M | $4M | -$7M |
| Long: CHF | 1 | $497M | $0M | -$23M | $6M | $97M | -$18M |
| Long: Emerging | 1 | $15M | $0M | $0M | $0M | $2M | $8M |
| Long: GBP | 1 | $85M | $0M | $20M | $13M | $7M | $1M |
| Long: Yen | 2 | $484M | -$1M | -$37M | -$50M | -$38M | -$458M |
| Short: Yen | 1 | $28M | -$3M | $0M | -$3M | -$7M | -$1M |
Top & Bottom 5 ETFs by 5-Day Flow
The Invesco CurrencyShares Euro Trust (FXE) led the pack this week, pulling in $27 million in new money. Conversely, the ProShares UltraShort Yen (YCS) and ProShares Ultra Yen (YCL) saw the largest net outflows, shedding $3 million and $1 million respectively.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| FXE | Invesco CurrencyShares Euro Trust | $27M |
| UDN | Invesco DB US Dollar Index Bearish Fund | $10M |
| UUP | Invesco DB US Dollar Index Bullish Fund | $7M |
| FOXY | Simplify Currency Strategy ETF | $5M |
| CEW | WisdomTree Emerging Currency Strategy Fund | $0M |
| Outflows | ||
| YCS | ProShares UltraShort Yen | -$3M |
| YCL | ProShares Ultra Yen | -$1M |
| EUO | ProShares UltraShort Euro | $0M |
| FXA | Invesco CurrencyShares Australian Dollar Trust | $0M |
| FXB | Invesco CurrencyShares British Pound Sterling Trust | $0M |
Issuer League Table Update
Invesco maintains a commanding lead within the Currency ETF channel, controlling 76.53% of the total market share, followed distantly by WisdomTree at 14.61%. Invesco was also the top asset gatherer this week, bringing in $44 million in inflows. ProShares experienced the largest net outflows among the top issuers, shedding $4 million over the 5-day period.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| Invesco | 8 | $2.16B | 76.53% |
| WisdomTree | 2 | $0.41B | 14.61% |
| Simplify | 1 | $0.13B | 4.74% |
| ProShares | 4 | $0.12B | 4.11% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| Invesco | $44M |
| Simplify | $5M |
| WisdomTree | $0M |
| Outflows | |
| ProShares | -$4M |
| WisdomTree | $0M |
| Simplify | $5M |
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.
