Weekly Channel Summary
The Currency ETF channel, represented by 15 ETFs from 4 distinct issuers, holds a total of $2.35 billion in assets under management. The channel experienced a slight net outflow of $1 million over the past week. However, sentiment for the year remains positive, with year-to-date net inflows reaching $534 million, and flows over the past year totaling a robust $667 million, indicating sustained investor interest in the currency space despite recent minor withdrawals.
This Week’s Performance Leaders and Laggards
This week’s performance was led by diversified multi-currency strategies, which saw a notable 1.66% gain. The top performing category, Long Australian Dollar, also posted a strong 1.34% return for the week and is up 8.26% year-to-date. On the other end of the spectrum, the primary laggard was the Long Japanese Yen category, which declined by 0.36% this week, though it maintains a positive 7.21% return for the year.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Long | Short: Multi | 1.66% | 4.29% | 7.54% | 8.44% | ||
| Long: AUD | 1.34% | 2.04% | 2.06% | 6.01% | 8.26% | 0.63% |
| Long: Emerging | 0.52% | 1.18% | 2.18% | 6.72% | 11.00% | 9.13% |
| Short: Yen | 0.38% | 0.67% | 7.90% | 2.38% | -7.34% | 16.99% |
| Long: GBP | 0.32% | 0.72% | 0.33% | 5.87% | 10.21% | 6.46% |
| Short: USD | 0.26% | 0.70% | 0.82% | 7.00% | 12.57% | 5.56% |
| Long: CHF | 0.13% | 1.53% | 1.93% | 10.55% | 13.40% | 6.79% |
| Long: EUR | 0.00% | 0.32% | 0.75% | 3.54% | 6.88% | 3.62% |
| Long: CAD | -0.13% | -0.51% | -1.58% | 4.24% | 4.28% | -0.99% |
| Long: USD | -0.18% | 0.02% | 1.14% | -3.05% | -6.01% | 1.58% |
| Long: Yen | -0.36% | -0.03% | -4.81% | -1.12% | 7.21% | -9.00% |
Top & Bottom 5 ETFs by Weekly Performance
The single best-performing fund this week was the Simplify Currency Strategy ETF (FOXY), which gained an impressive 1.66%. On the flip side, the laggards were concentrated in Yen-related products, with the Invesco Currencyshares Japanese Yen Trust (FXY) falling by 0.42% and the ProShares Ultra Yen (YCL) declining by 0.29%.
| Top Performers | ||
| FOXY | Simplify Currency Strategy ETF | 1.66% |
| FXA | Invesco CurrencyShares Australian Dollar Trust | 1.34% |
| CEW | WisdomTree Emerging Currency Strategy Fund | 0.52% |
| YCS | ProShares UltraShort Yen | 0.38% |
| FXB | Invesco CurrencyShares British Pound Sterling Trust | 0.32% |
| Bottom Performers | ||
| FXY | Invesco Currencyshares Japanese Yen Trust | -0.42% |
| YCL | ProShares Ultra Yen | -0.29% |
| EUO | ProShares UltraShort Euro | -0.21% |
| USDU | WisdomTree Bloomberg US Dollar Bullish Fund | -0.21% |
| UUP | Invesco DB US Dollar Index Bullish Fund | -0.14% |
Analyzing the Weekly Flows
Despite a minor net outflow of $1 million for the channel this week, specific categories attracted new capital. The Long Euro category led the way, pulling in $5 million in new assets, bringing its total AUM to $577 million. The Short USD category also saw significant interest with $4 million in inflows. Conversely, the largest redemptions came from the Short Yen category, which experienced $4 million in outflows.
Category Flows Summary
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Long: EUR | 3 | $577M | $5M | ($3M) | ($26M) | $330M | $328M |
| Short: USD | 1 | $151M | $4M | $1M | $3M | $90M | $89M |
| Long | Short: Multi | 1 | $20M | $0M | $1M | $5M | $19M | $19M |
| Long: CAD | 1 | $92M | $0M | ($4M) | $4M | $28M | $32M |
| Long: CHF | 1 | $378M | $0M | ($6M) | ($121M) | $206M | $201M |
| Long: Emerging | 1 | $9M | $0M | $0M | ($2M) | $2M | $2M |
| Long: GBP | 1 | $91M | $0M | $6M | $7M | $26M | $33M |
| Long: Yen | 2 | $619M | $0M | ($3M) | ($286M) | $157M | $173M |
| Long: AUD | 1 | $76M | ($3M) | ($6M) | ($23M) | $6M | $9M |
| Long: USD | 2 | $308M | ($3M) | ($61M) | ($54M) | ($333M) | ($201M) |
| Short: Yen | 1 | $26M | ($4M) | ($9M) | $2M | $2M | ($17M) |
Top & Bottom 5 ETFs by 5-Day Flow
At the individual fund level, the Invesco CurrencyShares Euro Trust (FXE) was the top asset gatherer, attracting $5 million in new capital. The biggest losers were the ProShares UltraShort Yen (YCS), which saw outflows of $4 million, and the Invesco CurrencyShares Australian Dollar Trust (FXA), which shed $3 million over the past five days.
| Inflows | ||
| FXE | Invesco CurrencyShares Euro Trust | $5M |
| UDN | Invesco DB US Dollar Index Bearish Fund | $4M |
| Outflows | ||
| YCS | ProShares UltraShort Yen | ($4M) |
| FXA | Invesco CurrencyShares Australian Dollar Trust | ($3M) |
| UUP | Invesco DB US Dollar Index Bullish Fund | ($3M) |
Issuer League Table Update
Invesco continues to dominate the currency ETF landscape, holding an impressive 87.06% of the market share. WisdomTree remains the second-largest issuer with a 6.83% share. This week, Invesco was also the top asset gatherer, pulling in $3 million in new flows, while ProShares experienced the largest outflows among the top issuers, with $4 million exiting their funds.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| Invesco | 8 | $2.04B | 87.06% |
| WisdomTree | 2 | $0.16B | 6.83% |
| ProShares | 4 | $0.12B | 5.25% |
| Simplify | 1 | $0.02B | 0.86% |
Top & Bottom 3 Issuers by 5-Day Flow
| Inflows | |
| Invesco | $3M |
| Simplify | $0M |
| WisdomTree | $0M |
| Outflows | |
| ProShares | ($4M) |
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.
