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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FXB or FXE.
Correlation
The correlation between FXB and FXE is 0.61, 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.
Performance
FXB vs. FXE - Performance Comparison
Key characteristics
FXB:
1.39
FXE:
1.21
FXB:
2.03
FXE:
2.01
FXB:
1.25
FXE:
1.23
FXB:
0.26
FXE:
0.24
FXB:
2.89
FXE:
2.50
FXB:
3.45%
FXE:
3.63%
FXB:
7.19%
FXE:
7.54%
FXB:
-48.98%
FXE:
-43.33%
FXB:
-32.06%
FXE:
-29.93%
Returns By Period
In the year-to-date period, FXB achieves a 6.83% return, which is significantly lower than FXE's 10.31% return. Over the past 10 years, FXB has underperformed FXE with an annualized return of -0.67%, while FXE has yielded a comparatively higher 0.37% annualized return.
FXB
6.83%
2.29%
3.15%
9.91%
2.50%
-0.67%
FXE
10.31%
4.47%
5.50%
8.82%
1.29%
0.37%
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FXB vs. FXE - Expense Ratio Comparison
Both FXB and FXE have an expense ratio of 0.40%.
Risk-Adjusted Performance
FXB vs. FXE — Risk-Adjusted Performance Rank
FXB
FXE
FXB vs. FXE - Risk-Adjusted Performance 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.
Dividends
FXB vs. FXE - Dividend Comparison
FXB's dividend yield for the trailing twelve months is around 2.90%, more than FXE's 1.77% yield.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
FXB Invesco CurrencyShares® British Pound Sterling Trust | 2.90% | 3.25% | 2.59% | 0.30% |
FXE Invesco CurrencyShares® Euro Currency Trust | 1.77% | 2.29% | 1.49% | 0.02% |
Drawdowns
FXB vs. FXE - Drawdown Comparison
The maximum FXB drawdown since its inception was -48.98%, 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. For additional features, visit the drawdowns tool.
Volatility
FXB vs. FXE - Volatility Comparison
The current volatility for Invesco CurrencyShares® British Pound Sterling Trust (FXB) is 2.93%, while Invesco CurrencyShares® Euro Currency Trust (FXE) has a volatility of 3.44%. This indicates that FXB experiences smaller price fluctuations and is considered to be less risky than FXE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.