Weekly Channel Summary
The Currency ETF channel, comprising 15 ETFs from 4 issuers, holds approximately $2.32 billion in total assets under management. This past week, the channel saw net inflows of $18 million, contributing to a year-to-date total inflow of $523 million. Over the past year, the channel has gathered $703 million in new assets.
This Week’s Performance Leaders and Laggards
This week’s performance was led by the ‘Short: Yen’ category, which gained 3.26% WTD, though it remains flat for the year at 0.08% YTD. The primary laggard was the ‘Long: Yen’ category, dropping -2.33% for the week; it is up 1.41% year-to-date.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Short: Yen | 3.26% | 5.89% | 10.17% | 18.83% | 0.08% | 9.25% |
| Long | Short: Multi | 2.02% | 3.05% | 10.88% | 14.07% | ||
| Long: USD | 0.60% | 1.44% | 2.92% | 2.07% | -4.19% | 0.63% |
| Long: AUD | 0.23% | -1.32% | -1.39% | 2.11% | 6.02% | -0.77% |
| Long: CAD | 0.19% | -0.96% | -2.80% | -0.81% | 3.00% | -0.59% |
| Long: Emerging | 0.07% | 0.11% | 1.50% | 5.90% | 11.18% | 8.97% |
| Long: EUR | -0.08% | -0.20% | -0.07% | 1.39% | 6.40% | 4.16% |
| Long: CHF | -0.36% | -0.13% | -0.19% | 3.71% | 13.52% | 8.47% |
| Short: USD | -0.52% | -1.00% | -1.20% | 1.22% | 11.13% | 6.82% |
| Long: GBP | -0.64% | -0.95% | -1.22% | 1.09% | 8.39% | 5.32% |
| Long: Yen | -2.33% | -4.16% | -6.52% | -11.30% | 1.41% | -4.50% |
Top & Bottom 5 ETFs by Weekly Performance
The single best-performing ETF this week was the YCS (ProShares UltraShort Yen), which returned 3.26%. The worst-performing ETFs were YCL (ProShares Ultra Yen) at -3.12% and FXY (Invesco Currencyshares Japanese Yen Trust) at -1.54%.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| YCS | ProShares UltraShort Yen | 3.26% |
| FOXY | Simplify Currency Strategy ETF | 2.02% |
| EUO | ProShares UltraShort Euro | 0.76% |
| UUP | Invesco DB US Dollar Index Bullish Fund | 0.63% |
| USDU | WisdomTree Bloomberg US Dollar Bullish Fund | 0.56% |
| Bottom Performers | ||
| YCL | ProShares Ultra Yen | -3.12% |
| FXY | Invesco Currencyshares Japanese Yen Trust | -1.54% |
| ULE | ProShares Ultra Euro | -0.68% |
| FXB | Invesco CurrencyShares British Pound Sterling Trust | -0.64% |
| UDN | Invesco DB US Dollar Index Bearish Fund | -0.52% |
Analyzing the Weekly Flows
The Currency channel attracted $18 million in net new assets this week. The ‘Long: USD’ category was the clear leader, pulling in $17 million. This category currently holds $390 million in AUM. The ‘Long: GBP’ category also saw notable inflows of $6 million. On the other side, the ‘Long: CAD’ category experienced the largest outflows, shedding $7 million.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Long: USD | 2 | $390M | $17M | $77M | $31M | ($257M) | ($39M) |
| Long: GBP | 1 | $90M | $6M | $6M | $0M | $26M | $26M |
| Short: Yen | 1 | $38M | $5M | $9M | $11M | $11M | $4M |
| Long | Short: Multi | 1 | $26M | $0M | $2M | $7M | $25M | $25M |
| Long: AUD | 1 | $74M | $0M | $0M | ($19M) | $6M | $9M |
| Long: CHF | 1 | $395M | $0M | $0M | ($11M) | $223M | $218M |
| Long: Emerging | 1 | $9M | $0M | $0M | ($2M) | $2M | $2M |
| Long: Yen | 2 | $553M | $0M | ($30M) | ($99M) | $112M | $89M |
| Long: EUR | 3 | $503M | ($1M) | ($59M) | ($92M) | $261M | $264M |
| Short: USD | 1 | $154M | ($2M) | $0M | $1M | $94M | $81M |
| Long: CAD | 1 | $84M | ($7M) | ($7M) | ($7M) | $21M | $25M |
Top & Bottom 5 ETFs by 5-Day Flow
At the individual fund level, the UUP (Invesco DB US Dollar Index Bullish Fund) led all ETFs with $17 million in new assets. The largest outflows came from the FXC (Invesco CurrencyShares Canadian Dollar Trust), which saw $7 million exit, followed by the UDN (Invesco DB US Dollar Index Bearish Fund) with $2 million in outflows.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| UUP | Invesco DB US Dollar Index Bullish Fund | $17M |
| FXB | Invesco CurrencyShares British Pound Sterling Trust | $6M |
| YCS | ProShares UltraShort Yen | $5M |
| CEW | WisdomTree Emerging Currency Strategy Fund | $0M |
| EUO | ProShares UltraShort Euro | $0M |
| Outflows | ||
| FXC | Invesco CurrencyShares Canadian Dollar Trust | ($7M) |
| UDN | Invesco DB US Dollar Index Bearish Fund | ($2M) |
| ULE | ProShares Ultra Euro | ($1M) |
| FOXY | Simplify Currency Strategy ETF | $0M |
| FXA | Invesco CurrencyShares Australian Dollar Trust | $0M |
Issuer League Table Update
The Currency channel remains concentrated, with the top two issuers, Invesco and WisdomTree, controlling 85.19% and 8.20% of the market share, respectively. Invesco led the way in weekly flows, gathering $14 million. ProShares also saw inflows of $4 million, while WisdomTree and Simplify recorded no net flows for the week.
Top 4 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| Invesco | 8 | $1.97B | 85.19% |
| WisdomTree | 2 | $0.19B | 8.20% |
| ProShares | 4 | $0.13B | 5.49% |
| Simplify | 1 | $0.03B | 1.12% |
Top & Bottom Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| Invesco | $14M |
| ProShares | $4M |
| Outflows | |
| WisdomTree | $0M |
| Simplify | $0M |
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.
