FXB vs. CEW
Compare and contrast key facts about Invesco CurrencyShares® British Pound Sterling Trust (FXB) and WisdomTree Emerging Currency Strategy Fund (CEW).
FXB and CEW are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FXB is a passively managed fund by Invesco that tracks the performance of the British Pound. It was launched on Jun 26, 2006. CEW is an actively managed fund by WisdomTree. It was launched on May 6, 2009.
Performance
FXB vs. CEW - Performance Comparison
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FXB vs. CEW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FXB Invesco CurrencyShares® British Pound Sterling Trust | -1.34% | 10.37% | 1.35% | 8.58% | -10.45% | -1.54% | 2.87% | 3.87% | -5.75% | 9.10% |
CEW WisdomTree Emerging Currency Strategy Fund | 0.41% | 14.48% | -0.99% | 9.06% | -1.65% | -6.62% | -0.04% | 4.78% | -5.09% | 11.09% |
Returns By Period
In the year-to-date period, FXB achieves a -1.34% return, which is significantly lower than CEW's 0.41% return. Over the past 10 years, FXB has underperformed CEW with an annualized return of 0.03%, while CEW has yielded a comparatively higher 2.18% annualized return.
FXB
- 1D
- 0.37%
- 1M
- -1.66%
- YTD
- -1.34%
- 6M
- -0.54%
- 1Y
- 4.79%
- 3Y*
- 5.27%
- 5Y*
- 0.89%
- 10Y*
- 0.03%
CEW
- 1D
- 0.74%
- 1M
- -2.54%
- YTD
- 0.41%
- 6M
- 3.31%
- 1Y
- 10.63%
- 3Y*
- 6.11%
- 5Y*
- 3.28%
- 10Y*
- 2.18%
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FXB vs. CEW - Expense Ratio Comparison
FXB has a 0.40% expense ratio, which is lower than CEW's 0.55% expense ratio.
Return for Risk
FXB vs. CEW — Risk / Return Rank
FXB
CEW
FXB vs. CEW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco CurrencyShares® British Pound Sterling Trust (FXB) and WisdomTree Emerging Currency Strategy Fund (CEW). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| FXB | CEW | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.67 | 1.54 | -0.87 |
Sortino ratioReturn per unit of downside risk | 1.01 | 2.22 | -1.21 |
Omega ratioGain probability vs. loss probability | 1.12 | 1.30 | -0.18 |
Calmar ratioReturn relative to maximum drawdown | 1.02 | 2.85 | -1.83 |
Martin ratioReturn relative to average drawdown | 2.31 | 10.08 | -7.78 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FXB | CEW | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.67 | 1.54 | -0.87 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.11 | 0.48 | -0.38 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.00 | 0.31 | -0.31 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.08 | 0.12 | -0.20 |
Correlation
The correlation between FXB and CEW is 0.47, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
FXB vs. CEW - Dividend Comparison
FXB's dividend yield for the trailing twelve months is around 2.36%, less than CEW's 2.46% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FXB Invesco CurrencyShares® British Pound Sterling Trust | 2.36% | 2.44% | 3.25% | 2.59% | 0.29% | 0.00% | 0.00% | 0.00% | 0.00% |
CEW WisdomTree Emerging Currency Strategy Fund | 2.46% | 2.47% | 5.42% | 2.00% | 0.80% | 0.00% | 0.64% | 1.90% | 1.87% |
Drawdowns
FXB vs. CEW - Drawdown Comparison
The maximum FXB drawdown since its inception was -48.99%, which is greater than CEW's maximum drawdown of -27.89%. Use the drawdown chart below to compare losses from any high point for FXB and CEW.
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Drawdown Indicators
| FXB | CEW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.99% | -27.89% | -21.10% |
Max Drawdown (1Y)Largest decline over 1 year | -4.53% | -3.85% | -0.68% |
Max Drawdown (5Y)Largest decline over 5 years | -24.94% | -15.02% | -9.92% |
Max Drawdown (10Y)Largest decline over 10 years | -29.30% | -17.72% | -11.58% |
Current DrawdownCurrent decline from peak | -30.77% | -3.14% | -27.63% |
Average DrawdownAverage peak-to-trough decline | -27.52% | -13.14% | -14.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.00% | 1.09% | +0.91% |
Volatility
FXB vs. CEW - Volatility Comparison
The current volatility for Invesco CurrencyShares® British Pound Sterling Trust (FXB) is 2.46%, while WisdomTree Emerging Currency Strategy Fund (CEW) has a volatility of 3.27%. This indicates that FXB experiences smaller price fluctuations and is considered to be less risky than CEW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FXB | CEW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.46% | 3.27% | -0.81% |
Volatility (6M)Calculated over the trailing 6-month period | 4.70% | 4.47% | +0.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.20% | 6.93% | +0.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.50% | 6.79% | +1.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.33% | 7.11% | +2.22% |