FXB vs. FXE
Compare and contrast key facts about Invesco CurrencyShares® British Pound Sterling Trust (FXB) and Invesco CurrencyShares® Euro Currency Trust (FXE).
FXB and FXE 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. FXE is a passively managed fund by Invesco that tracks the performance of the Euro. It was launched on Dec 9, 2005. Both FXB and FXE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
FXB vs. FXE - Performance Comparison
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FXB vs. FXE - 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% |
FXE Invesco CurrencyShares® Euro Currency Trust | -1.45% | 14.52% | -4.18% | 4.87% | -6.57% | -7.83% | 7.94% | -2.90% | -5.30% | 13.05% |
Returns By Period
In the year-to-date period, FXB achieves a -1.34% return, which is significantly higher than FXE's -1.45% return. Over the past 10 years, FXB has underperformed FXE with an annualized return of 0.03%, while FXE has yielded a comparatively higher 0.07% 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%
FXE
- 1D
- 0.85%
- 1M
- -2.13%
- YTD
- -1.45%
- 6M
- -1.19%
- 1Y
- 7.67%
- 3Y*
- 3.75%
- 5Y*
- 0.31%
- 10Y*
- 0.07%
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FXB vs. FXE - Expense Ratio Comparison
Both FXB and FXE have an expense ratio of 0.40%.
Return for Risk
FXB vs. FXE — Risk / Return Rank
FXB
FXE
FXB vs. FXE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco CurrencyShares® British Pound Sterling Trust (FXB) and Invesco CurrencyShares® Euro Currency Trust (FXE). 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 | FXE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.67 | 1.01 | -0.34 |
Sortino ratioReturn per unit of downside risk | 1.01 | 1.62 | -0.61 |
Omega ratioGain probability vs. loss probability | 1.12 | 1.19 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 1.02 | 1.51 | -0.50 |
Martin ratioReturn relative to average drawdown | 2.31 | 4.05 | -1.75 |
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 | FXE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.67 | 1.01 | -0.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.11 | 0.04 | +0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.00 | 0.01 | -0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.08 | 0.02 | -0.10 |
Correlation
The correlation between FXB and FXE is 0.62, 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. FXE - Dividend Comparison
FXB's dividend yield for the trailing twelve months is around 2.36%, more than FXE's 0.81% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
FXB Invesco CurrencyShares® British Pound Sterling Trust | 2.36% | 2.44% | 3.25% | 2.59% | 0.29% |
FXE Invesco CurrencyShares® Euro Currency Trust | 0.81% | 0.94% | 2.28% | 1.49% | 0.01% |
Drawdowns
FXB vs. FXE - Drawdown Comparison
The maximum FXB drawdown since its inception was -48.99%, which is greater than FXE's maximum drawdown of -43.33%. Use the drawdown chart below to compare losses from any high point for FXB and FXE.
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Drawdown Indicators
| FXB | FXE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.99% | -43.33% | -5.66% |
Max Drawdown (1Y)Largest decline over 1 year | -4.53% | -5.02% | +0.49% |
Max Drawdown (5Y)Largest decline over 5 years | -24.94% | -22.70% | -2.24% |
Max Drawdown (10Y)Largest decline over 10 years | -29.30% | -26.46% | -2.84% |
Current DrawdownCurrent decline from peak | -30.77% | -28.32% | -2.45% |
Average DrawdownAverage peak-to-trough decline | -27.52% | -22.26% | -5.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.00% | 1.87% | +0.13% |
Volatility
FXB vs. FXE - Volatility Comparison
Invesco CurrencyShares® British Pound Sterling Trust (FXB) has a higher volatility of 2.46% compared to Invesco CurrencyShares® Euro Currency Trust (FXE) at 2.26%. This indicates that FXB's price experiences larger fluctuations and is considered to be riskier than FXE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FXB | FXE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.46% | 2.26% | +0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 4.70% | 4.23% | +0.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.20% | 7.65% | -0.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.50% | 7.70% | +0.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.33% | 7.37% | +1.96% |