Invesco CurrencyShares® Euro Currency Trust (FXE) belongs to the Currency category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with FXE. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to FXE
FXE charges 0.40% annually. No ETFs in the Currency category have lower expense ratios; the lowest-cost alternatives shown here go as low as 0.40%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Invesco CurrencyShares® Japanese Yen Trust | 0.40% | 436.46M | Feb 2007 | FXE vs FXY | |
| Invesco CurrencyShares® Swiss Franc Trust | 0.40% | 450.80M | Jun 2006 | FXE vs FXF | |
| Invesco CurrencyShares® British Pound Sterling Tru... | 0.40% | 76.46M | Jun 2006 | FXE vs FXB | |
| Invesco CurrencyShares Australian Dollar Trust | 0.40% | 104.54M | Jun 2006 | FXE vs FXA | |
| Invesco CurrencyShares® Canadian Dollar Trust | 0.40% | 72.68M | Jun 2006 | FXE vs FXC |
Best Risk-Adjusted Alternatives to FXE
FXE has a PortfoliosLab risk / return rank of 7. There are 6 ETFs in the Currency category with higher risk-adjusted ranks, going as high as 39.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | 39 | 404.56M | Feb 2007 | FXE vs UUP | |
| WisdomTree Emerging Currency Strategy Fund | 37 | 15.57M | May 2009 | FXE vs CEW | |
| WisdomTree Bloomberg U.S. Dollar Bullish Fund | 33 | 420.42M | Dec 2013 | FXE vs USDU | |
| Invesco CurrencyShares Australian Dollar Trust | 31 | 104.54M | Jun 2006 | FXE vs FXA | |
| Invesco CurrencyShares® British Pound Sterling Tru... | 8 | 76.46M | Jun 2006 | FXE vs FXB |
Top Performing FXE Alternatives (YTD)
FXE is at -2.81% YTD. There are 7 ETFs in the Currency category with higher YTD returns, going as high as 5.25%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | 5.25% | 404.56M | Feb 2007 | FXE vs UUP | |
| Invesco CurrencyShares Australian Dollar Trust | 4.11% | 104.54M | Jun 2006 | FXE vs FXA | |
| WisdomTree Bloomberg U.S. Dollar Bullish Fund | 3.64% | 420.42M | Dec 2013 | FXE vs USDU | |
| WisdomTree Emerging Currency Strategy Fund | 2.22% | 15.57M | May 2009 | FXE vs CEW | |
| Invesco CurrencyShares® British Pound Sterling Tru... | -1.17% | 76.46M | Jun 2006 | FXE vs FXB |
Lowest Volatility Alternatives to FXE
FXE has 6.24% 1-year volatility. There are 4 ETFs in the Currency category with lower 1-year volatility, going as low as 4.50%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Invesco CurrencyShares® Canadian Dollar Trust | 4.50% | 72.68M | Jun 2006 | FXE vs FXC | |
| WisdomTree Bloomberg U.S. Dollar Bullish Fund | 5.67% | 420.42M | Dec 2013 | FXE vs USDU | |
| Invesco DB US Dollar Index Bearish Fund | 6.05% | 114.61M | Feb 2007 | FXE vs UDN | |
| Invesco DB US Dollar Index Bullish Fund | 6.07% | 404.56M | Feb 2007 | FXE vs UUP | |
| WisdomTree Emerging Currency Strategy Fund | 6.38% | 15.57M | May 2009 | FXE vs CEW |
Lowest Drawdown Alternatives to FXE
FXE has a 1-year max drawdown of -5.17%. There are 7 ETFs in the Currency category with shallower 1-year drawdowns, going as shallow as -3.64%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| WisdomTree Bloomberg U.S. Dollar Bullish Fund | -3.64% | 420.42M | Dec 2013 | FXE vs USDU | |
| Invesco DB US Dollar Index Bullish Fund | -3.65% | 404.56M | Feb 2007 | FXE vs UUP | |
| WisdomTree Emerging Currency Strategy Fund | -3.85% | 15.57M | May 2009 | FXE vs CEW | |
| Invesco CurrencyShares Australian Dollar Trust | -4.52% | 104.54M | Jun 2006 | FXE vs FXA | |
| Invesco CurrencyShares® British Pound Sterling Tru... | -4.53% | 76.46M | Jun 2006 | FXE vs FXB |
Other ETFs from Invesco
The 10 most viewed Invesco ETFs shown here include QQQ, SPMO, QQQM and span 12 categories. AUM among these funds goes as high as $493B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | Nasdaq-100 | 59 | 16.45% | 493.17B | Mar 1999 | FXE vs QQQ | |
| Invesco S&P 500 Momentum ETF | Momentum, S&P 500 | 68 | 29.91% | 21.99B | Oct 2015 | FXE vs SPMO | |
| Invesco NASDAQ 100 ETF | Nasdaq-100 | 60 | 16.48% | 101.29B | Oct 2020 | FXE vs QQQM | |
| Invesco S&P 500 Equal Weight ETF | S&P 500, Equal Weight | 49 | 9.94% | 92.57B | Apr 2003 | FXE vs RSP | |
| Invesco PHLX Semiconductor ETF | Semiconductors, Technology Equities | 94 | 90.62% | 3.22B | Jun 2021 | FXE vs SOXQ | |
| Invesco S&P 500 Top 50 ETF | S&P 500 | 39 | 1.60% | 10.60B | May 2005 | FXE vs XLG | |
| Invesco S&P 500 Quality ETF | S&P 500, Large Cap Blend Equities | 61 | 16.54% | 21.05B | Dec 2005 | FXE vs SPHQ | |
| Invesco S&P 500® High Dividend Low Volatility ETF | Dividend, S&P 500, Large Cap Value Equities | 30 | 8.20% | 3.27B | Oct 2012 | FXE vs SPHD | |
| Invesco S&P MidCap Momentum ETF | Momentum, Mid Cap Growth Equities | 66 | 22.90% | 8.18B | Mar 2005 | FXE vs XMMO | |
| Invesco Aerospace & Defense ETF | Aerospace & Defense, Industrials Equities | 38 | 9.76% | 8.26B | Oct 2005 | FXE vs PPA |
Often Compared With FXE
Investors most often compare FXE with EURUSD=X, VGK, SPY. These 20 comparison targets span 14 categories, based on PortfoliosLab usage data.
Compare FXE with Any Fund or Stock
Compare FXE with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair FXE with funds that move differently
Invesco CurrencyShares® Euro Currency Trust alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FXE.
Explore FXE Diversifiers