The U.S. currency ETF market, comprising 15 products from 4 issuers with a collective $2.36 billion in assets under management, experienced net outflows of $11 million this week. Weekly performance across the categories ranged from a gain of 0.82% for funds focused on the Australian Dollar to a loss of -1.06% for multi-currency strategies.
Weekly Performance Recap: Australian and Canadian Dollars Shine
It was a varied week for performance across the currency space. Funds focused on the Australian and Canadian dollars were the clear leaders, both posting gains of over 0.75%. In contrast, multi-strategy and emerging market currency funds lagged behind. This week’s performance highlights a risk-on sentiment in specific currency pairs, even as the broader market saw capital withdrawals.
Category Performance (as of 8/29/2025)
- Long: AUD: 1 Fund | $77.6M AUM | 0.82% WTD | 1.74% 1M | 6.62% YTD
- Long: CAD: 1 Fund | $92.3M AUM | 0.76% WTD | 0.74% 1M | 5.16% YTD
- Long: CHF: 1 Fund | $375.6M AUM | 0.30% WTD | 1.58% 1M | 13.09% YTD
- Short: Yen: 1 Fund | $32.8M AUM | 0.26% WTD | -4.42% 1M | -8.43% YTD
- Long: USD: 2 Funds | $329.5M AUM | 0.13% WTD | -1.50% 1M | -6.01% YTD
- Long: EUR: 3 Funds | $569.1M AUM | 0.00% WTD | 0.92% 1M | 6.68% YTD
- Short: USD: 1 Fund | $145.8M AUM | -0.03% WTD | 2.43% 1M | 12.23% YTD
- Long: GBP: 1 Fund | $91.0M AUM | -0.06% WTD | 2.28% 1M | 9.72% YTD
- Long: Yen: 2 Funds | $619.9M AUM | -0.06% WTD | 3.60% 1M | 8.11% YTD
- Long: Emerging: 1 Fund | $9.3M AUM | -0.27% WTD | 1.95% 1M | 9.90% YTD
- Long | Short: Multi: 1 Fund | $19.5M AUM | -1.06% WTD | 4.17% 1M | N/A YTD
Weekly Fund Flow Leaders & Laggards (As of 8/29/2025)
The currency ETF space saw net outflows of $11 million over the past week, contributing to a 30-day outflow of $130 million and a 90-day outflow of $512 million. Despite recent outflows, year-to-date flows remain positive at $543 million, and the 1-year total stands at $676 million in net inflows. The following funds saw the most significant flows this week, with a minimum threshold of +/- $10 million.
Top Inflows (5-Day):
- FXE (Invesco CurrencyShares Euro Trust): +$11M
Top Outflows (5-Day):
- UUP (Invesco DB US Dollar Index Bullish Fund): -$12M
Issuer and Product Landscape
The issuer landscape remains highly concentrated, with a single firm—Invesco—commanding an 86.71% share of the total market AUM. WisdomTree (6.96%) and ProShares (5.51%) follow at a distance. This week, Invesco also saw the largest net outflows among issuers, shedding $7 million, while Simplify was the top brand for inflows with $1 million. On the product front, the market has been quiet, with no new currency ETFs launched in the past three months.
For a detailed breakdown of all data, including individual fund performance and flows, please refer to the full ETF Action weekly currency reports.
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.
