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Invesco CurrencyShares® Euro Currency Trust (FXE) Sharpe Ratio: -0.02

ETF · Currency in USD · Last updated Jun 23, 2026

FXE is a passive ETF by Invesco tracking the investment results of the Euro. FXE launched on Dec 9, 2005 and has a 0.40% expense ratio.

FXE's Sharpe Ratio of -0.02 indicates that for each unit of volatility, it generates -0.02 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 23, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

FXE Sharpe Ratio Rank

FXE Sharpe Ratio Rank: 8.38
Concerning

FXE ranks above 8.3% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating weak returns relative to total risk taken. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Weak risk-adjusted returns relative to category peers
  • Evaluate whether this holding aligns with your risk-return objectives
  • Consider reducing exposure or re-evaluating position size
  • Review higher-ranked alternatives in the same category

FXE Sharpe Ratio Market Positioning

The chart shows FXE's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.86 or lower
  • Yellow zone (middle 50%): 0.86 to 2.31
  • Green zone (top 25%): 2.31 or higher
  • Top 1%: 7.39+
  • Median: 1.67 — half of all investments score higher

How it compares to other similar ETFs

The table compares Invesco CurrencyShares® Euro Currency Trust's Sharpe Ratio with other ETFs in the Currency category across multiple time periods, showing how FXE's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 23, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
CEWWisdomTree Emerging Currency Strategy Fund1.23
FXAInvesco CurrencyShares Australian Dollar Trust1.20
UUPInvesco DB US Dollar Index Bullish Fund1.17
USDUWisdomTree Bloomberg U.S. Dollar Bullish Fund0.99
FXBInvesco CurrencyShares® British Pound Sterling Trust0.11
FXFInvesco CurrencyShares® Swiss Franc Trust0.08
FXEInvesco CurrencyShares® Euro Currency Trust-0.02
UDNInvesco DB US Dollar Index Bearish Fund-0.12
FXCInvesco CurrencyShares® Canadian Dollar Trust-0.59
FXYInvesco CurrencyShares® Japanese Yen Trust-1.21

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows FXE's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when FXE consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

How does FXE fit in your portfolio?

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